Redemption and Sales Charges

Fund redemption charge terms for exit loads, redemption fees, sales charges, and withdrawal costs.

Redemption and Sales Charges terms explain the explicit and embedded costs investors may pay through fund expense ratios, management fees, sales loads, redemption fees, and share classes.

Use this branch when costs or share-class design can change net return, distribution economics, adviser compensation, or the suitability of a fund wrapper.

Key Terms in This Branch

TermUse it for
Exit LoadA fund cost, compensation, share-class, or distribution term that affects investor net return.
Redemption FeeA fund cost, compensation, share-class, or distribution term that affects investor net return.
Sales ChargeA fund cost, compensation, share-class, or distribution term that affects investor net return.

What to Check

Check the prospectus or offering document, expense ratio, fee waiver, sales charge, redemption fee, 12b-1 or distribution fee, adviser compensation, and share-class eligibility.

Common Mistakes

  • Comparing gross performance without subtracting all relevant fund costs.
  • Ignoring share-class eligibility and distribution compensation.
  • Treating fee waivers as permanent without checking the document.
  • Overlooking redemption fees, sales loads, and tax drag.

This page is educational and does not recommend a specific fund, security, tax treatment, or account choice.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.

Redemption Fee

A redemption fee is paid to a fund when specified shares are sold, usually to offset redemption costs or discourage short-term trading.

Sales Charge

A mutual fund sales charge compensates distribution and may apply at purchase, redemption, or through an ongoing asset-based charge.

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