In the mutual fund universe search, this criterion (in Operations) allows you to do analysis on a distinct portfolio basis or, in other words, to include only the parent share class. For a single share class fund, this field is equal to "Yes." For a multiple share class fund, the oldest share class has "Yes" while the other share classes are "No."
Indicates if this share class is the oldest one of the fund.
The parent share class is the oldest. If there is a tie in tenure, the parent share class is chosen in the following order:
A
B
C
Inst
D
Adv
Inv
Retirement
S
T
M
N
Other
"No Load"