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Financial encyclopediaReviewed 2026-10-23

Contingent Deferred Sales Load (CDSL)

Also referred to as a Contingent Deferred Sales Charge (CDSC), this is the most common type of back-end sales load—a fee investors pay when they sell mutual fund shares back to the fund. The amount of this type of fee depends on the length of time the investor holds his or her shares. It may gradually decline to zero if the investor holds his or her shares long enough.

Sources and references ↗
PROFILE / FACT FILE

Concept at a glance

Term
Contingent Deferred Sales Load (CDSL) [1]
Subject area
Investor.gov glossary [1]
Jurisdiction / scope
US regulatory and investor-education context [1]
Primary reference
SEC · Investor.gov [1]

Definition and explanation

Also referred to as a Contingent Deferred Sales Charge (CDSC), this is the most common type of back-end sales load—a fee investors pay when they sell mutual fund shares back to the fund. The amount of this type of fee depends on the length of time the investor holds his or her shares. It may gradually decline to zero if the investor holds his or her shares long enough. [1]

Source-supported connections

Contingent Deferred Sales Load (CDSL) → Mentioned in the official explanation → Back-end Sales Load [1]
Contingent Deferred Sales Load (CDSL) → Mentioned in the official explanation → Deferred Sales Charge [1]

Frequently asked questions

What does Contingent Deferred Sales Load (CDSL) mean in the cited reference?

Also referred to as a Contingent Deferred Sales Charge (CDSC), this is the most common type of back-end sales load—a fee investors pay when they sell mutual fund shares back to the fund. The amount of this type of fee depends on the length of time the investor holds his or her shares. It may gradually decline to zero if the investor holds his or her shares long enough. [1]

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Sources and review dates

  1. US SEC · Investor.gov — Contingent Deferred Sales Load (CDSL) ↗

Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.

Content preparation: source-based compilation with AI assistance. See methods and attribution. Named sources identify the underlying records; no individual expert review is claimed.