For example, a mutual fund with a 5.75% sales charge is sold to someone who invests $10,000. $575 GDC is created by the sale, and the investor has an initial account balance of $9425.
For instance, a mutual fund with a 5.75% sales fee is sold to someone who invests $10,000.  This results in $575 worth of GDC being created for the investor, and their initial account balance starts at $9425.