TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

A fee (sales charge or load) that investors pay when selling mutual fund shares within a specified number of years, which usually ranges between five to ten years. The fee amounts to a percentage of the value of the share being sold. The fee percentage is highest in the first year and decreases yearly until the specified holding period ends, at which time it drops to zero.  16, record 1, English, - back%2Dend%20load

Record number: 1, Textual support number: 1 CONT

Deferred Sales Charge -a fee you pay when you sell your shares. Also known as a "back-end load," this fee typically goes to the brokers that sell the fund's shares. ... the amount of this type of load will depend on how long the investor holds his or her shares and typically decreases to zero if the investor holds his or her shares long enough.  17, record 1, English, - back%2Dend%20load

Record number: 1, Textual support number: 1 OBS

Back-end-load: Also known as a "contingent deferred sales charge or load."  16, record 1, English, - back%2Dend%20load

Record number: 1, Textual support number: 2 OBS

In the U.K., a back-end load is called "Exit charge."  18, record 1, English, - back%2Dend%20load

Record number: 1, Textual support number: 3 OBS

Some of the sources consulted give "redemption fee" as a true synonym of "back-end load," but some sources state that there is a slight difference between the two terms. Back-end load goes to the management company to pay sales commissions and redemption fees return to the fund itself.  19, record 1, English, - back%2Dend%20load

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Frais (commission, frais de distribution, frais de gestion) portés en diminution du prix de rachat d'un instrument de placement, par exemple, des parts d'un fonds commun de placement.  5, record 1, French, - frais%20de%20rachat

Record number: 1, Textual support number: 1 CONT

Les frais de rachat sont souvent facturés en fonction d'un taux qui diminue progressivement au cours de la période de détention de l'instrument de placement, par exemple, une commission de 6 % s'il y a rachat des titres après un an suivant la date d'achat initiale, 4 % après trois ans et aucune commission après sept ans.  5, record 1, French, - frais%20de%20rachat

Record number: 1, Textual support number: 2 CONT

Les frais de sortie sont des frais exigés à la vente des parts.  6, record 1, French, - frais%20de%20rachat

Record 1,  Textual support,  Spanish