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Briefly, from what I saw it is ultra-high investment amount which is higher than institutional class. They can call it whatever they want since it is their mutual funds. Minimum Initial Investment
For the Investor Class, the minimum initial investment amount is $2,000 for all regular accounts.
For the Institutional Class, the minimum initial investment amount is $200,000 for all regular accounts.
For the ButterflyTM Class, the minimum initial investment amount is $2,000,000 for all regular accounts.
In case you wondered the Karner Blue butterfly is a protected species in parts of upstate NY. Its on of the animals that is very particular about what it eats
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Derf
Minimum Initial Investment
For the Investor Class, the minimum initial investment amount is $2,000 for all regular accounts.
For the Institutional Class, the minimum initial investment amount is $200,000 for all regular accounts.
For the ButterflyTM Class, the minimum initial investment amount is $2,000,000 for all regular accounts.
Thanks for info.