How does HySales treat withdrawals (systematic or otherwise) from funds which have a DSC (deferred sales charge)?
A. Withdrawals are only assessed on a DSC if they deplete the principal. If fund earnings (from dividends, capital gains and increase in share price) are sufficient to cover the amount of the withdrawal, no DSC will be assessed. Although some funds have a prospectus provision which allows for the withdrawal of some portion of an investment free of DSCs through a systematic withdrawal plan, HySales does not yet support such provisions.
