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OFST451392 – Contingent Deferred Sales Charge Upfront Fee
In this field the Contingent deferred sales charge upfront fee (CDSC Upfront Fee) can be mentioned as a number. The CDSC Upfront Fee is a percentage of the value of the sold fund. The mechanism might differ, but quite often it is a combination of this fee paid by the fund to the investment manager or distribution partner and an exit fee. 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 part of this reimbursement, which is called the "OFST451391 Contingent Deferred Sales Charge Exit Fee". The amount of this fee is related to the investment duration.
| Property | Value |
|---|---|
| OF-ID | OFST451392 |
| Name | Contingent Deferred Sales Charge Upfront Fee |
| Area | Static data |
| Level | Share Class |
| Format | Decimal number |
| Tags | Full, Fees and expenses |
| Introduced in | openfunds 1.26 |
| Related field | OFST451390 Has Contingent Deferred Sales Charge Fee |
Values
Decimal figure, rounded to maximal 7 digits after the decimal point.
Example
0.04 (instead of 4%)
FundsXML 4 mapping
FundsXML 4.2.11 has no element for this field. The converter keeps the value as CustomAttributes/Attribute named OF_OFST451392 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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