CONTINGENT DEFERRED SALES LOAD - Some mutual funds impose a sales charge, called a back-end load or con...
CONTINGENT FEE - A charge that is paid if a specified event occurs.
Sales load
See: Sales charge
Sales tax
A percentage tax on the selling price of goods and services.
Sales Load The sales fee that the buyer pays in order to acquire an asset. The fee varies according to the type of asset and the way it is sold. Many mutual funds impose a sales charge.
It is the sales load charged by funds in the event of redemptions made within a pre-specified period of purchase. This charge is linked to the period of unit-holding and generally has an inverse relation with the holding period.
Corpus ...
Sales Charge or Sales Load A fee charged when shares are purchased (front-end) or redeemed (CDSC).
Contingent deferred sales load
Contribution Plan"Company B invests an amount equ
Cooling-off rule ...
Contingent Deferred Sales Load (finance term)
Sales Charge (finance term)
Investment Company (in banking)
Mutual Fund (in banking)
12b-1 Mutual Fund (in banking)
Mutual Fund Share Classes (finance term)
B share
Legg Mason, Inc.
Contingent deferred sales load
A 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 you buy them.
A fund that has a sales load and high expenses will have to perform better than a low-cost fund, just to stay even with the low-cost fund. Find the fee table near the front of the fund's prospectus, where the fund's costs are laid out.
The sales load is added to the Net Asset Value (NAV) per share when computing the offering price. Annuities, life insurance policies, and limited partnerships also may have a front-end sales charge.
Class A shares of a fund usually give retail investors the option of paying a front-end sales load.
A-Shares contain a front-end sales load, which is a fee expressed as a percentage, paid by investors at the point of sale. It is deducted from the initial amount an investor puts into the funds.
When you buy shares, you pay the current NAV per share plus any fee the fund assesses at the time of purchase, such as a purchase sales load or other type of purchase fee.
No-load funds are offered for sale without brokerage fees or sales loads.
The price that investors pay to purchase unit trust units is the approximate per unit NAV, plus any fees that the fund imposes at purchase (such as sales loads or purchase fees).
This means that, after fees, but not including sales loads, the average fund underperformed the overall market by 110 basis points a year. Looking at fund returns before fees, the results were only marginally better.
Keep in mind that Class A mutual fund shares may be the best choice if the investment amount is large enough to qualify for a discount on front-end sales loads that may be offered for larger mutual fund investments and usually starts at $50,000, ...
Material written by an institution selling a product, which informs potential buyers of the product and its benefits.
Sales load
See: Sales charge
Sales tax ...
Instead of charging a traditional front-end load of, say, 5%, 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.
by a mutual fund and charged against the assets in the fund under a Rule 12b-1 plan filed with the SEC. Funds filing a 12b-1 plan may distribute the shares themselves or distribute them through an underweriter and charge an additional sales load.
It determines the maximum sales load that can be charged, requirements for companies issuing periodic payment plan certificates, rules regarding surrender of certificates, refund privileges and more.
Expressed as a percentage of the fund's assets, the expense ratio is the best tool for comparing the management costs you'll incur by investing in different funds. The ratio includes management and 12b-1 fees, but not sales loads.
 See also: Expense, Mergers, Banks, Saving, Bills
  
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