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AFBA 5Star Fund, Inc.
AFBA 5Star Funds Announce New Advisor Shares
August 8th, 2008
The AFBA 5Star Funds have announced the creation of Advisor Shares, a no-load class designed to be used for fee-based accounts. Effective Monday, July 21, 2008, the current Class A Shares will be renamed Advisor Class Shares and will no longer be subject to a front-end sales charge. The current 12b-1 fee will remain on the Advisor Shares. "The share class adjustments follow a lengthy analysis of industry trends and the purchasing patterns of AFBA 5Star investors," said Robert E. Morrison, Jr., President of the AFBA 5Star Funds. "The new structure allows AFBA 5Star Funds to focus resources and value-added initiatives on Advisors building their practice with a fee based...
Source: Health Business Week (2008-08-08)
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