Sales Charge definition

Sales Charge means the sales charge, if any, levied by the Company in relation to the subscription for any Class of Shares in the Fund, details of which, if applicable, are set out in the “Subscription and Redemption of Shares” section below;

Sales Charge means a charge in respect of a subscription for Shares which may be deducted from subscription proceeds by the Distributor or Sub-distributors;

Sales Charge has the meaning assigned to it in Section 2.6.

Examples of Sales Charge in a sentence

• If you purchased your securities under the DSC sales charge option and the redemption fee schedule applicable to those securities is complete, the trailing commission will increase to the rate applicable to securities purchased under the Sales Charge option.

• Sales Charge Trailing Commission - 1.00% of the value of your investment each year.

• For details, please refer to the Information Folder and Contract.Sales Charges Sales charge optionWhat you pay How it worksInitial Sales Charge (ISC)Up to 5% of the amount you invest.• You and your advisor agree on the rate charged.• The initial sales charge is deducted from the amount you buy.

• It is paid as a commissionDeferred Sales Charge (DSC)If you sell within: %1 year of buying 5.502 years of buying 5.003 years of buying 5.004 years of buying 4.005 years of buying 4.006 years of buying 3.00When you invest, Manulife pays a commission of 5.0%.

• CDSC: Contingent Deferred Sales Charge permitted under the Regulations to be borne by the Unit Holder upon exiting (whether by way of redemption or Inter-scheme switching) based on the amount of investment (if applicable) and period of holding of Units.

More Definitions of Sales Charge

Sales Charge and "Dealer Commission" apply only to the Load Funds and the CDSC Funds. All commissions and concessions are subject to change without notice by us and will comply with any changes in regulatory requirements. You agree that you will not combine customer orders to reach breakpoints in commissions for any purpose whatsoever unless authorized by the Prospectus or by us in writing.

Sales Charge. : means a fee payable pursuant to an application for purchase of Units.

Sales Charge shall have the meaning set forth in Section 2830 of the Conduct Rules.

Sales Charge means a charge upon the issue of a Unit of any Fund or Class of such amount as may from time to time be fixed by the Manager generally or in relation to any specific or class of transaction.

Sales Charge. Fund as defined in Section 26 of the NASD's Rules of Fair Practice.

Sales Charge. Means the sales charge levied in relation to the subscription for any Class of Units in any Sub-Fund, details of which are set out in the Supplement relating to the relevant Sub-Fund;

Sales Charge means such sales charge (if any) determined by the Directors as being payable by a subscriber on a subscription for Shares of any Class and/or Series.