Contingent deferred sales load definition
WebContingent deferred sales load means any sales load, including a deferred sales load, that is deducted upon redemption or annuitization of amounts representing all or a … WebDeferred Sales Charge (Load) – Back-End Loads. The category "Deferred Sales Charge (Load)" in the fee table refers to a sales load that investors pay when they redeem fund …
Contingent deferred sales load definition
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WebContingent Deferred Sales Charge. The formal name for the load in a back-end load fund. A CDSC is the fee paid when a shareholder sells shares in a mutual fund within a certain number of years. That is, when an investor initially buys a share in a back-end load fund, he/she agrees to pay a third party, usually a financial institution or broker ... WebContingent Deferred Sales Load A type of back-end load, the amount of which depends on the length of time the investor holds his or her shares. For example, a contingent deferred sales load might be 5% if an investor holds his or her shares for one year, 4% after two years, and so on until the load disappears completely.
WebA (n) ________-end fund issues shares only when it is organized and its shares are usually traded on a stock exchange. Closed. True or False: A no-load fund does not have a sales charge. True. ________ traded funds invest in the stocks or securities contained in a specific stock or securities index. Exchange. WebJan 24, 2024 · Load funds are mutual funds that charge a sales fee or commission. No-load funds usually do not charge any sales fee or commission, as long as you keep your money invested for a specified...
WebSometimes load funds offer volume discounts for higher investment amounts, in much the way that supermarkets sometimes offer economy bargains for buying certain things in bulk. In the case of funds, a front-end load may be reduced if you invest a certain amount. The amounts at which your sales charges drop are called breakpoints. WebMar 22, 2024 · The contingent deferred sales charge, called a CDSC or a "back-end load", is a fee that is charged by mutual fund companies on …
WebKnown as a Contingent Deferred Sales Charge ( CDSC or sometimes Deferred Sales Charge ), this is a fee paid when shares are sold. Also known as a "back-end load", this fee typically goes to the stockbrokers that sell the fund's shares.
WebSep 28, 2024 · A contingent deferred sales charge (CDSC) is a fee, or sales charge or load, which mutual fund investors pay when selling Class-B fund shares. Investing Stocks C-Share: A C-share is a class of mutual fund with a level load . Class C shares … new west palm beach restaurantsWebDefinition: It is the exit fee charged by a no load mutual fund. The CDSC is a reducing charge. It reduces annually and becomes zero upon completion of 4 years form the date … mike jones lhs band directorWebThis fund doesn't charge a front-end load, but it does charge a contingent deferred sales load of 4 percent for any withdrawals during the first five years. If Mary withdraws $7,500 during the second year, how much is the contingent deferred sales load? 7,500 x 4% = $300 contingent sales load Question 4 mike jones military backgroundWebKnown as a Contingent Deferred Sales Charge (CDSC or sometimes Deferred Sales Charge), this is a fee paid when shares are sold. Also known as a "back-end load", this … new west paris lyricsWebThe RR must explain the contingent deferred sales load to the prospect. The calculation of the contingent deferred sales load upon the redemption of a mutual fund is based on a percentage of either the NAV at the time of purchase or the NAV at the time of redemption, whichever is less, and generally the fee may not exceed 2% mike jones building servicesWebContingent Load or Deferred Sales Load means processing charges deductible from the Net Asset Value of the Unit to determine the Redemption Price in case of redemption of … mike jones military serviceWebA contingent deferred sales load, also called a back-end load, is a sales charge some mutual funds impose when you sell shares in the fund within a certain period of time after … new west panama