Which one of the following costs can a mutual fund shareholder avoid by holding shares for an extended period of time?

Question

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A contingent deferred sales charge (CDSC) is a fee charged by some mutual funds when a shareholder sells their shares within a certain period of time after purchasing them. Holding shares for an extended period of time can help a shareholder avoid this cost. The other options listed (12b-1 fee, front-end load, management fee, trading costs) are not affected by the length of time the shares are held, and cannot be avoided simply by holding the shares for a longer period of time.

Which One of the Following Costs Can a Mutual Fund