The American Funds group announced last week that it is offering its two-month old "F" class of shares to fee-based financial advisers who purchase the funds for clients through the institutional fund supermarket of TD Waterhouse Securities.

American Funds, managed by Capital Research & Management of Los Angeles, first introduced F shares on March 15 of this year to allow fee-based advisers to purchase the funds at net asset value. The new shares are available on 26 American Funds offered through TD Waterhouse's supermarket. The new F share class carries no up-front sales charges or contingent deferred sales charges, said the fund group in its announcement.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.