contingent deferred sales charges

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A Contingent Deferred Sales Charge (CDSC) is a fee charged by mutual funds if investors sell their shares within a certain period after purchase. This fee, also known as a back-end load, decreases over time, typically from 5% to 0%, incentivizing long-term investments. The CDSC structure, like that of Mutual Fund Contingent Deferred Sales Load 13030, can be found in deferred sales charge mutual funds and aims to align the interests of investors and fund managers.

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