This addition to the firm’s other retirement share class offerings increases Eagle’s clients’ ability to choose share class options based on their retirement plan size, as well as other variables that affect plans and providers, according to the announcement.
Richard Rossi, Eagle’s President and Co-chief Operating Officer, said that the development of the R-6 price structure for the firm’s flagship funds followed interest from platform and consultant relationships, as well as several Registered Investment Adviser client groups.
The new share class, Eagle’s lowest cost share, is available for five of Eagle’s funds:
- Eagle Small Cap Growth Fund (HSRUX)
- Eagle Small Cap Core Value Fund (EGEUX)
- Eagle Mid Cap Growth Fund (HRAUX)
- Eagle Growth & Income Fund (HIGUX)
- Eagle Mid Cap Stock Fund (HMRUX)
“The lower expenses and different cost structure of the R-6 share class make it an optimal fit for plans that are less dependent on revenue sharing,” said Rossi.