Which class of shares charges a commission when withdrawals are made during the first five years?

Question

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Class B shares typically have a back-end sales charge or redemption fee when shares are sold or withdrawn within the first five to seven years. This fee decreases over time until it eventually reaches zero. This is a way for the fund company to incentivize investors to hold onto their shares for a longer period of time. Classes A, C, K, and Q do not typically have this type of commission structure for withdrawals.

Which Class of Shares Charges a Commission When Withdrawals Are