The new share class will serve institutional investors, including fee-based programs, pension plans, foundations and endowments and meet the growing demands of distribution partners and the institutional marketplace. The ticker symbol for the Institutional share class is BVEIX.
Becker Capital’s Institutional share class will carry a lower expense structure than the retail share class currently offered. A minimum investment of $250,000 is required for the Institutional class shares, but this requirement may be waived for certain fee-based programs, pension plans, and financial intermediaries that submit trades on behalf of underlying investors, according to the announcement.
Class I shares will be available directly or through third party retirement platforms, major mutual fund supermarkets, bank channels, and independent registered investment advisers.
Becker Capital Management is a Portland, Oregon based, employee-owned investment management firm. Additional information is available at http://www.beckercap.com.