Class B Shares

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Class B Shares

Shares in a mutual fund with a back-end load. For class B shares, a certain amount of one's investment is deducted for the commission of mutual fund's salesperson when one sells the shares. That is, one gives the salesperson a certain percentage of the share's value if one decides to sell it within five to 10 years, depending on the specific nature of the agreement. The size of the fee usually declines by the year until the maximum number of years is reached.