A contingent deferred sales load is a 1 to 5 percent charge that shareholders pay when they withdraw their investment from a mutual fund.

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This is an accurate description of a contingent deferred sales load, also known as a CDSC or "back-end load". It is a fee that decreases over time, and is typically only charged if the shareholder withdraws their investment within a certain number of years after purchasing the mutual fund shares.

A Contingent Deferred Sales Load Is a 1 to 5