South Florida Arbitration & Litigation Lawyer Blog
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.
Please keep in mind that this information is being provided for educational purposes only. It is not designed to be complete in all material respects. Thus, it should not be relied upon as legal or investment advice. If the reader has any questions concerning this post, you should contact a qualified professional.
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