The meaning and definition of Load - Sales charge
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Posted On: 03/15/2013 11:40:28 PM
The meaning and definition of Load -
Sales charge or commission paid by an investor in a load mutual fund. Loads can be charged when shares are purchased (front-end loads), when shares or sold (back-end loads) or at regular intervals over time (level loads). Funds that do not levy a sales charge and have 12b-1 fees of .25% or less are called no-load mutual funds.
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