5-24 Class C shares of a mutual fund usually convert to Class A shares after some length of time which may be as long as 6 to 8 years.

Name: 5-24 Class C shares of a mutual fund usually convert to Class A shares after some length of time which may be as long as 6 to 8 years.
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Question

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Class C shares of a mutual fund do not usually convert to Class A shares. Class C shares usually have higher expense ratios and may have an early redemption fee if the shares are sold before a specified time period.

5-24 Class C Shares of a Mutual Fund Usually Convert