Some funds
carry deferred sales charges (DSCs), which kick in if you sell them before a certain date.
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.
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.