Sentences with phrase «deferred sales charges»

For funds with contingent deferred sales charges, it is the amount from redemption reduced by any such charges.

Fund with deferred sales charges take away a portion of the investor's money when the fund is sold.

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

Question No. 3: How much will it cost you in deferred sales charges if you decide to sell your mutual fund within two years of buying it?

There is also a chance that your investments are held in products with back end loads (also called deferred sales charges).

I don't like deferred sales charges either — included in that mix is fixed annuities.

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.

But I would be inclined to move it all to cash now, assuming there aren't deferred sales charges attached to the mutual funds.

See also contingent deferred sales charge and average cost basis.

A lot of her money is tied up in mutual funds with deferred sales charges, and she doesn't know whether to sell these all at once or gradually.

On a related note, transferring - in - kind generally does not set off contingent provisions caused by early sale of securities (like deferred sales charges).

Because there are CDSC's — contingent deferred sales charges for getting out of B shares.

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.

• 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

That would not be effective and there may be other fees associated with that strategy including possible deferred sales charge fees or maybe taxes (if RRSP money is involved).

If they can't reduce the fees considerably, which may not be possible at a firm that recommends 2.9 % deferred sales charge mutual funds in the first place, it may be worth paying the DSC fee to move the money to a lower cost investment solution elsewhere.

A financial planner may be able to catch this and other common pitfalls, like incurring deferred sales charge (DSC) penalties when selling mutual funds before they've matured.

Make sure that your vesting period is complete if you want transfer - in - cash mutual funds that have deferred sales charges if you don't want to get dinged.

Unfortunately at this point we would be paying the full deferred sales charge to get away from IG, which is 5 %.

B - shares are generally capped at $ 100,000 due to stricter NASD rules concerning deferred sales charges.

The robo - adviser model solves this problem, because minimums are low (sometimes zero) and you get low - cost ETFs rather than funds with high fees and soul - destroying deferred sales charges.

But they feel hampered by onerous deferred sales charges (DSCs) as well as capital gains taxes in their non-registered accounts.

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

B - Shares also have a contigent deferred sales charge (CDSC) that is charged to client should they sell their mutual fund during the CDSC period (usually 5 - 6 years).

As the example above illustrates, with a little ingenuity, you can begin to reduce your fees considerably without incurring the dreaded deferred sales charge.

FINRA rules require disclosure of the contingent deferred sales charge before completing a sale.

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.

But first, you need to be aware of deferred sales charges (DSCs)-- fees payable at the time you sell funds.

Class C shares have no up - front sales charge and do have a 1 % Contingent Deferred Sales Charge for 12 months.

Many of the mutual funds in Jennifer's current RRSP have what are known as deferred sales charges.

Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5 % in the first year, declining to 1 % in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, which is 3 % in the first year, declining to 1 % in the fourth year, and is eliminated thereafter).

Many advisers sell mutual funds with deferred sales charges (also called DSCs, or «back - end loads»).

DSC or deferred sales charge fees are expenses to avoid at all costs.

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

It may also impact your investment fees if you have to pay commissions or if you have deferred sales charges on your mutual funds (and if you do, that's a red flag for the advisor who sold you those investments).

«I managed to pay less than $ 100 in deferred sales charges,» says Jennifer.

While these fees are higher than what I'm paying to manage my own portfolios, they are still much cheaper than owning mutual funds that charge 2 — 4 % of assets plus other annoying charges like deferred sales charges.

They will follow the lead of counterparts in Britain, Australia and the Netherlands and ban trailer fees and deferred sales charges (DSCs).

Deferred sales charge funds typically pay the adviser a large kickback up front — around 5 % of assets — and a smaller trailer fee over the ensuing seven years, as long as the client stays invested.

In general, Class A and Class M shares have a maximum initial sales charge; Class C shares have a 1 % contingent deferred sales charge; Class Z, Advisor Class and Class R6 shares have no sales charges nor Rule 12b - 1 fees; Class R shares have no sales charges, but do have a Rule 12b - 1 fee.

Contingent Deferred Sales Charge - The contingent deferred sales charge is an initial sales fee on mutual fund shareholders pay upon sale of Class - B mutual fund shares.

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.

Approximately 1,791 customer accounts paid a total of $ 1,778,592.31 in unnecessary up - front sales charges, contingent deferred sales charges, and higher ongoing fees and expenses as a result of Ameriprise's practices.

Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5 % in the first year, declining to 1 % in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Absolute Return 100 Fund, Putnam Fixed Income Absolute Return Fund, and Putnam Short - Term Municipal Income Fund, which is 1 % in the first year, declining to 0.5 % in the second year, and is eliminated thereafter).

Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5 % in the first year, declining to 1 % in the sixth year, and is eliminated thereafter.

Fresh out of college, he followed the advice of a financial advisor, not recognizing that the mutual funds he was investing in had high management fees and deferred sales charges.

If you decide to leave your firm and its funds, one thing to watch on the way out is Deferred Sales Charge (DSC) fees.

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.