She wanted to move her savings to a discount brokerage and rebuild the portfolio herself, but she quickly learned many of her 20 or so mutual funds
carried deferred sales charges.
This is for mutual funds with share classes decided when shareholders pay the fund's load or sales charge, Class - B shares
carry a deferred sales charge during a five - to 10 - year holding period intended from the time of the initial investment.
Some funds
carry deferred sales charges (DSCs), which kick in if you sell them before a certain date.