| 释义 |
Load Fund
A mutual fund that comes with a sales charge or commission. The fund investor pays the load, which goes to compensate a sales intermediary (broker, financial planner, investment advisor, etc.) for his or her time and expertise in selecting an appropriate fund for the investor. Investopedia Says:
The load is paid up front at the time of purchase (front-end load), when the shares are sold (back-end load), or as long as the fund is held by the investor (level-load).
If a fund limits its level load to no more that 0.25% (the maximum is 1%), it can call itself a "no-load" fund in its marketing literature.
Front-end and back-end loads are not part of a mutual fund's operating expenses, but level-loads, called 12b-1 fees, are included. The record shows that the performance of load and no-load funds is similar. Related Terms:
Back-End Load
Contingent Deferred Sales Charge - CDSC
Exchange Privilege
Exit Fee
Foregone Earnings
Front-End Load
Investor Shares
Mutual Fund
No-Load Fund |