# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
B Shares

B shares are usually shares of a mutual fund that have a deferred load. That means you’ll pay a sales charge when you sell the funds, not when you buy them. The B shares, which often change into cheaper A shares after a few years, often have high annual charges (12b-1 fees), too.

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