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Ghadiya Gan 10 to 20 Video :a fee some mutual funds charge investors when they sell or redeem their shares, also known as a back-end load. This fee is typically paid to the broker that sells the mutual fund’s shares. The most common type of back-end sales load is the contingent deferred sales load (also known as the CDSC or CDSL). The amount of this type of sales load will depend on how long the investor holds his or her shares. It typically decreases to zero if the investor holds his or her shares for a specified.