# Series 7 Exam Prep 37, Mutual Fund Share Classes and Sales Charges

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Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-37-mutual-fund-share-classes-and-sales-charges.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-07-14T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-7-exam-prep-37-mutual-fund-share-classes-and-sales-charges
Audio file: https://episodes.captivate.fm/episode/f2d20f46-3eca-478c-b928-e4a33579f7fd.mp3
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Duration seconds: 204

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Class A shares are for long-term investors with large investment amounts due to front-end loads and breakpoint discounts. - Class B shares are suitable for long-term investors with smaller investment amounts, featuring a back-end load (CDSC) that declines over time. - Class C shares are best for short-term investors because of their ongoing high 12b-1 fees, despite having little or no front-end load. - How to use a Letter of Intent (LOI) or Rights of Accumulation (ROA) to help clients qualify for breakpoint discounts on Class A shares. - The importance of comparing the total costs of each share class over a client's specific investment time horizon to determine suitability. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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