Share class

Roles that need it

• Fund Accountant
• Transfer Agency Analyst
• Investment Product Specialist
• Fund Selection Analyst

Skills it belongs to

• Net asset value calculation
• Transfer agency and investor servicing

Related concepts

• Share class hedgingShare class hedging is the use of currency forwards, at the level of one share class, to reduce the effect of exchange rate moves between the fund's base currency and the class currency. Gains, losses and costs of the hedge are attributed only to that class, and ESMA expects no leakage to other classes.
• NAV (Net asset value)Net asset value (NAV) is the value of a fund's assets minus its liabilities. NAV per share, or per unit, is the NAV of a share class divided by the number of shares in issue, and it is the price at which investors subscribe to and redeem from an open-ended fund.
• ISIN (International securities identification number)The International Securities Identification Number (ISIN) is the 12-character code defined by ISO 6166 that identifies a security: a two-letter country prefix, a nine-character national code and a check digit. ISINs are allocated by national numbering agencies and are required in EU trade and transaction reporting.
• Ongoing chargesOngoing charges are the recurring costs taken from a fund each year, such as management fees, administration, depositary and audit fees, shown as a percentage of average net assets. Under PRIIPs they appear in the key information document (KID) cost tables, alongside transaction costs and any entry, exit or performance fees.

Sources

• Directive 2009/65/EC (UCITS Directive), EUR-Lex (external site) accessed 31 Oct 2026
• Regulation (EU) No 1286/2014 (PRIIPs), EUR-Lex (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.