Definition of «applicable sales charge»

The term "applicable sales charge" refers to a fee that is charged when an investor buys or redeems mutual fund shares. This fee compensates brokers and other intermediaries for their services in selling the funds to investors. The amount of the applicable sales charge varies depending on the type of fund, its level of expenses, and the class of shares being purchased. Common types of sales charges include front-end loads (which are charged at the time of purchase), back-end loads (charged when selling funds within a certain period), and no-load funds (which do not have any sales charge).

Sentences with «applicable sales charge»

Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). (funds.eatonvance.com)
Performance for class B, C, M, R, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax - Free High Yield Fund and Putnam AMT - Free Municipal Fund, which are based on the historical performance of class B shares). (putnam.com)
Performance for class B, C, M, R, T, and Y shares prior to their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (with the exception of Putnam Tax - Free High Yield Fund and Putnam AMT - Free Municipal Fund, which are based on the historical performance of class B shares). (putnam.com)
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