What is the difference between a front-end sales charge and a contingent deferred sales charge (CDSC)?
A. Both types of sales charge compensate your investment professional for services provided, especially for the advice provided in helping you select a portfolio to meet your investment goals. A front-end sales charge is paid when you purchase certain shares of a portfolio. It is included in the price per share that you pay (for example, Class A shares). A contingent deferred sales charge (CDSC) is charged when you redeem certain portfolio shares that were sold without an initial sales charge (for example, Class B shares). The fee decreases over time until it disappears.
