Contingent Deferred Sales Load (Charge) – South Florida Elder Abuse Mutual Fund Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney:
A contingent deferred sales load (charge) is a sales charge levied by a mutual fund if a customer sell fund shares within a specified number of years. Instead of charging a traditional front end load of 5%, for example, a brokerage firm may offer the same fund with a contingent deferred sales load. Customers who sell the fund within the first year pay a 5% load. In the second year, the charge would be 4%. Each year the charge declines by one percentage point until there is no fee for selling fund shares after the fifth year.
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