Sentences with phrase «deferred sales charge on»

• Total number of free units or total market value of the fund currently available to redeem free of charge • Any additional units maturing in the current year • Total deferred sales charge on full redemption • Final maturity date

Not exact matches

The new adviser will have an opinion on your future strategy and will want to work to minimize the impact of any deferred sales charges you might incur by making changes.

Cut your losses and move on: I have illustrated a few different ways to minimize the hit of deferred sales charges.

Beware deferred sales charge (DSC) mutual funds, which may levy a fee of up to 5 % to sell the funds on transfer.

The deferred sales charge is based on the market value of the units and decreases with each year.

In our opinion, around 20 % are worth hanging on to if you already own them; particularly, if you would incur a taxable gain, contingent deferred - sales charge (CDSC), or short - term trading commission at your discount broker if you sold.

But the new regulations from the Canadian Securities Administrators (CSA) will mandate new «Fund Fact» sheets that also include a clear explanation of the risks investors are taking on when they invest, as well as a clear breakdown of initial and deferred sales charge options in both percentage and dollar terms.

Your final question is on deferred sales charges and whether you should take the hit and get out all at once or do it gradually.

If you're planning on leaving one advisor for another, it might not make sense to eat those deferred sales charges.

I googled it found that «A contingent deferred sales charge (CDSC) is a fee (sales charge or load) that mutual fund investors pay when selling Class - B fund shares within a specified number of years of the date on which they were originally purchased.

For purchases of Class A and Investor Class shares of each MainStay Fund made without an initial sales charge on or after August 1, 2017, a contingent deferred sales charge of 1.00 % may be imposed on certain redemptions made within 18 months of the date of purchase.

In addition to the MERs, mutual funds may also have additional fees tacked on when buying or selling the funds (known as front - load or deferred sales charge fees).

The Deferred Sales Charge (DSC) fees on your investments are frustrating.

Class A shares do not have a deferred sales charge (except on certain redemptions of shares bought without an initial sales charge).

Deferred sales charges work on a declining scale that typically starts at 5.5 per cent in the first year (sometimes that applies to the amount you invested, and sometimes to the current value of your holdings) and declines to 1.5 to 2 per cent in the seventh year before disappearing altogether.

The proceeds, which are equal to number of shares times NAV less any applicable deferred sales charges or redemption fees, will be sent by mail to the address designated on your account or sent electronically, via ACH or wire, directly to your existing account in a bank or brokerage firm in the United States as designated on our application.

If those funds you mentioned were sold on a DSC basis (deferred sales charge) then you can get hit with as much as a 5.5 % redemption fee which would be well over $ 10,000 in your case.