Sentences with phrase «of deferred sales charges»

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

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

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.

Not exact matches

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.

Like almost all his contemporaries, De Goey started out selling mutual funds with deferred sales charges, but later become one of the early adopters of the fee - based, no - commission business model.

At that time we positioned our $ 400,000 portfolio to follow the Couch Potato strategy and gave our financial adviser very explicit instructions that none of our investments were to be in funds that have a deferred sales charge (DSC).

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

If there is a sale of Class B shares within the first few years of purchasing Class B shares, there will likely be a contingent deferred sales charge or load added to the transaction in addition to higher annual fees and expenses, further reducing your investment returns.

Along with the MER, there may also be front - load fees (commission charged when buying units of the fund) and deferred sales charges (costs when selling the units).

If an investor chooses a deferred sales charge option, the mutual fund company that manages and administers the funds deducts what is called a deferred sales charge from the value of units sold if they are sold within a certain number of years (which varies according to the fund type and company).

Instead of a front - end load, you may pay a back - end load, also known as a contingent deferred sales charge.

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

If you withdraw money from an annuity contract or surrender the contract within a certain period of time after investing, the insurance company may assess a contingent deferred sales charge (CDSC).

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

To reduce the fees you pay when redeeming units of a fund, we will first redeem units for which a deferred sales charge either is not applicable or is no longer applicable.

Most mutual funds were purchased with a deferred sales charge (DSC), which paid the advisor 5 % of the invested amount up front.

Best of all, there's no MER and no deferred sales charge.

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.

Something else to be aware of are deferred sales charges, a back - end fee charged to mutual fund investors who redeem their investment prior to a set period of time.

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.

Ask your current advisor for a schedule of all the deferred sales charges that would kick in if your sold your funds, as well as the maturity dates (after which no DSCs would apply).

Deferred sales charges are one of the fund industry's most destructive practices.

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.

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

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.

If the latter sounds like you, I have outlined a number of steps that will assist you in reducing the impact of, or completely avoiding these deferred sales charges.

• 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

Going forward, the investor will need to contact the remaining mutual fund companies at the beginning of each year to determine what amount they can sell from the funds without incurring any deferred sales charges, and make the necessary trades (the proceeds can then be used to purchase the iShares DEX Universe Bond Index Fund (XBB) as originally planned).

You also avoid the mistake of using high - priced investments that lock you in, such as high - fee Deferred Sales Charge (DSC) mutual funds.

All units of the Trimark Global Balanced Fund, Series A (AIM1773) are not subject to deferred sales charges, so will be sold immediately.

It can take years to fully transition from one investing mindset to another: those with DSC (Deferred Sales Charge) mutual funds face the barrier of waiting for redemption schedules to wind down while tax considerations make it difficult to convert any non-registered portfolio to a couch potato portfolio.

You can usually transfer 10 % of the balance each year without being hit with the deferred sales charge.

As for deferred sales charges, Morningstar states that these have fallen steeply out of favour in the top - ranking U.S., «with many fund companies shutting down the share classes that charged deferred loads.»

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?

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.

Investors are still faced with the decision of holding the fund another four years, at an ongoing expense of 5.56 %, or selling the fund and paying a contingent deferred sales charge of 4.00 %.

Class C shares have a contingent deferred sales charge of 1.00 % in the first year and an even higher expense ratio of 1.44 %.

Further, the net annual distributions per unit may decrease over time because a portion of the securities included in the portfolio will be sold to pay for organization costs, deferred sales charges, the creation and development fee and other regular fees and expenses during the life of the portfolio.

Annualized Total Returns with sales charge reflect deduction of current maximum initial sales charge of 5.75 % for Class A shares of equity funds and alternative funds (except alternatives funds that invest primarily in fixed income instruments), and 4.25 % for Class A shares of fixed income funds and alternative funds that primarily invest in fixed income instruments, and 2.50 % for Class A shares of short - term fixed income funds and applicable contingent deferred sales charges (CDSC) for Class C shares.

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

If a lot of thought hasn't gone into picking your funds, deferred sales charges can really compound your problems if you need to make changes in your portfolio.

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.

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

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 the fund holds a contingent deferred sales charge (CDSC), the $ 500 sales commission, which declines annually, comes out of the proceeds when shares of the fund are sold.

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.

Also, the rider cost increases with the amount of sales load charges that are deferred.

Be aware of and adequately disclose the existence and effect of surrender charges and sales loads, including contingent deferred and back - end loads.

Also, the rider cost increases with the amount of sales load charges that are deferred.

This rider lets the policy owner defer the usual sales load charge and spread it out over a selected number of years.