Do A shares have CDSC?

Class-A shares typically have no CDSC, while Class-B shares often have the potential for a sales charge upon the sale of shares. Class-C shares may have a lower front-end or back-end load but carry a higher overall expense ratio.

Do institutional shares have CDSC?

Some funds also offer “institutional” shares, which do not charge any front-end sales charge or CDSC.

How long is CDSC on C shares?

When you purchase Class C shares, a front-end load is normally not imposed, and the CDSC is generally lower than for Class B shares. This charge is reduced to zero if you hold the shares beyond the CDSC period, which for Class C shares is typically 12 months.

Do C shares have breakpoints?

As explained below, many mutual funds offer volume discounts to the front-end sales charge assessed on Class A shares at certain pre-determined levels of investment, which are called “breakpoint discounts.” In contrast, Class B and C shares usually do not carry any front-end sales charges.

What is a CDSC charge?

CDSC, or “contingent deferred sales charge” is a declining back–end sales charge applied to shares sold within a specified period. The average annual compound return “with CDSC” is the gain or loss made on an investment if you paid the maximum back–end sales charge (1% for Class C and 529-C shares).

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Do A shares pay a trail?

Both A and B shares also pay a trail commission. Often referred to as 12b-1 fees, these are annual marketing or distribution fees paid to the broker. … The fee generally ranges from 0.25% in A shares to 1.00% in B shares, thus the comments above about A shares having lower ongoing expenses.

Which class of shares use a CDSC as the main sales charge?

Class B shares typically do not charge a front-end sales charge when you buy shares, but they normally impose what’s called a contingent deferred sales charge (CDSC) if you sell your shares within a certain period, often six years.

How can I get CDSC statement?

You view your statements on your mobile. To register, send the word Register to 22372 and you will receive instructions on how to register for the service. Each SMS costs Kshs. 10.00 You can also get your statements via the email that you registered at the point of opening your account.

What is CDSC annuity?

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). Usually, the CDSC is a percentage of the purchase payment withdrawn, and it declines gradually over the CDSC period.

What is a CDSC account?

The CDSC Account is an electronic account that holds your shares and manages the process of transferring shares that are traded in the NSE (Nairobi Securities Exchange).

What’s the difference between A shares and C shares?

Class A and B shares are aimed at long-term investors, whereas Class C shares are for beginning investors who aim for short-term gains and may have less money to invest. Class C shares, especially those with no load, are the least expensive to purchase, but they will incur higher fees in the long term.

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What are Class A and B shares?

When more than one class of stock is offered, companies traditionally designate them as Class A and Class B, with Class A carrying more voting rights than Class B shares. Class A shares may offer 10 voting rights per stock held, while class B shares offer only one.

What are f2 shares?

Class F-1, F-2, F-3 and 529-F-1 shares are designed for investors who choose to compensate their financial professional based on the total assets in their portfolios, rather than commissions or sales charges. This arrangement is often called an “asset-based” or a “fee-based” program.

Who gets paid the CDSC?

Definition of ‘Contingent Deferred Sales Charge (CDSC)’

A fee that mutual fund investors pay when selling Class-B fund shares within a pre-defined number of years from the date which they were originally purchased.

What is CDSC Nepal?

CDS and Clearing Limited, a company established under the company act is a company promoted by Nepal Stock Exchange Limited (NEPSE) in 2010 to provide centralized depository, clearing and settlement services in Nepal. … CDSC is a wholly owned subsidiary company of Nepal Stock Exchange Ltd.

What is a deferred sales load?

A deferred sales charge (load) is a charge you pay when you sell your shares. It is sometimes referred to as the back-end load . The charge may start out at 5% or 6% for the first year, and get smaller each year after that until it reaches zero.