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OFST451391 – Contingent Deferred Sales Charge Exit Fee
In this field the Contingent Deferred Sales Charge Exit Fee (CDSC Exit Fee) can be filled in as a free format text.
A CDSC Exit Fee is a fee that is charged to investors for early redemptions. This fee is also known as sales charge or back-end load. CDSC Fees are a percentage of the value of the sold fund. It is the highest in the first year and decreases annually. After the specified period the fee amounts zero. The mechanism might differ, but quite often it is a combination of an upfront fee paid by the fund to the investment manager or distribution partner. At the end of the required period, the investment manager or distribution partner will reimburse the whole fee back to the fund. If some of the investors had redeemed early they have to pay a portion of that fee which related to their investment duration. The amount for the first year might equal the "OFST451392 Contingent Deferred Sales Charge Upfront Fee".
| Property | Value |
|---|---|
| OF-ID | OFST451391 |
| Name | Contingent Deferred Sales Charge Exit Fee |
| Area | Static data |
| Level | Share Class |
| Format | Text |
| Tags | Full, Fees and expenses |
| Introduced in | openfunds 1.24 |
| Related field | OFST451390 Has Contingent Deferred Sales Charge Fee |
Values
Free text
Example
first year: 0.04, second year: 0.03, third year: 0.02, fourth year: 0.01, fifth year: 0.00
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST451391 on the share class (or position), so FundsXML → openfunds restores it unchanged.
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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