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Rating:WM Rolls Out R Shares Not Rated 2.3 Email Routing List Email & Route  Print Print
Monday, March 13, 2006

WM Rolls Out R Shares

by: Marie Glancy

Reaching out to the small- to mid-scale retirement plan market, the WM Group of Funds has launched two types of R shares, the company announced Friday.

The Seattle-based subsidiary of Washington Mutual began offering Class R-1 and Class R-2 shares on March 1, 2006. In a press release, Debra Ramsey, president of WM Funds Distributor, Inc., said the offerings are part of a wider effort to appeal to plan sponsors and advisors.

The Class R-1 shares are specially designed for micro to small employer-sponsored plans. They will entail 12b-1 fees of 80 basis points, with 75 bps paid to broker-dealers. The R-2 shares cover the requirements of small to mid size plans, and involve 12b-1 fees of 55 basis points, with 50 going to broker-dealers.

The company has made these shares available to all employer-sponsored plans, including both DC and defined benefit plans. 

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