C shares contingent deferred sales charge
WebClass C and 529-C shares — often called load-level shares — do not have a sales charge upfront. However, a contingent deferred sales charge of 1% may be applied on shares redeemed within one year of purchase. The CDSC is based on the original purchase amount or the current market value of the shares being sold, whichever is less. WebMar 31, 2024 · Back-End Load: A back-end load is a fee (sales charge or load) that investors pay when selling mutual fund shares, and the fee amounts to a percentage of the value of the share being sold. A back ...
C shares contingent deferred sales charge
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WebMar 10, 2024 · Contingent Deferred Sales Charge on Class C Shares. Class A, Class I, Class L, Class U, Class U-2 and Class W shareholders are not subject to a contingent deferred sales charge. Class C shareholders who tender for repurchase Class C shares that have been held less than 365 days after purchase, as of the time of repurchase, will … WebClass C Shares* Minimum Investment Amount: $1,000 . Maximum Investment Amount: $1,000,000 . Key Features: No front-end sales charge; Full investment begins working …
WebMay 10, 2024 · Class B share funds charge a "back-end load," also called a "contingent deferred sales charge" (CDSC). These shares are the opposite of class A shares, which means you'll pay a percentage of the … 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 ...
Web0.25. 1 For purchases under $500,000, the 0.25% trail is effective immediately. For purchases of $500,000 or more, a 1% Contingent Deferred Sales Charge (CDSC) may … WebSep 13, 2024 · The Bottom Line. Mutual fund Class C shares differ from A and B shares due to their annual fee instead of one-time front- or back-loads. However, they can impose a back-end sales charge if sold ...
WebOct 2, 2006 · A 1% contingent deferred sales charge may apply to Class C shares sold within one year of purchase. Class C shares convert to Class A shares after 8 years. Prior to 6/30/2024, Class C shares converted to Class F-1 shares after 10 years. The return of principal in bond funds is not guaranteed.
WebJun 8, 2024 · One structure is the contingent deferred sales charge (CDSC), which is also called a “back-end load” or “sales charge.”. This is the fee that is charged when a … smart city cnilsmart city cittaWebClass C shares. Back-end load (redemption fee, also known as a contingent deferred . sales charge) Smaller than a Class B redemption fee; decreases to 0% after 1 year; All share classes. Sales charges and minimum ; purchases. Schedule for specific load fund may ; vary—sometimes significantly—from . smart city colombiaWebContingent Deferred Sales Charge. Certain shareholders of a Fund and the other Former Connecticut Mutual Funds are entitled to continue to make additional purchases of Class A shares at net asset value without a Class A initial sales charge, but subject to the Class A contingent deferred sales charge that was in effect prior to March 18, 1996 (the "prior … hillcrest cushing hospitalWebCDSC, or “contingent deferred sales charge” is a declining back–end sales charge applied to shares sold within a specified period. The average annual compound return … hillcrest crc churchWebSep 5, 2024 · Back-end load (redemption fee, also known as a contingent deferred sales charge) Decreases to 0% over a period of years. Class C shares. Back-end load … smart city climate changeWebcontingent deferred sales charge (cdsc) Class A. Investors who purchase $1 million or more of Class A shares and sell these shares within 12 months of purchase are subject to a 1% CDSC. (Note: For Prudential Short-Term Corporate Bond Fund, Inc. only, investors who purchase $1 million or more of Class A shares and then sell these shares within ... smart city colorado