Kobrick Funds Plans to Add Sales Charges

The Kobrick Funds LLC of Boston is taking steps to add sales charges to the previously no-load fund group. The group's three funds - Kobrick Growth, Capital and Emerging Growth - will add class A, B and C shares, the company said in a statement. The funds will be sold through New England Funds of Boston. Both Kobrick Funds and New England Funds are affiliates of Nvest, LP of Boston. The move to add sales charges provides Kobrick funds a means of taking advantage of the distribution capabilities of New England Funds, said Frederick Kobrick, president and CEO of Kobrick Funds, in a statement last week. Kobrick Funds has more than $500 million in assets under management.