   
|
|
Load Fund
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
A load fund is a mutual fund that charges a sales commission in addition to its net asset value (NAV). This sales charge is the "load" part of a load fund. The sales charge of a load fund is a percentage of the net amount invested, typically somewhere between 4 and 8 percent, but may even be as low as 0.5 percent or as high as 8.5 percent in some cases. A load fund may either require the fee be paid when the fund is bought (a front-end load), or the load fund may collect the fee when the fund is sold (a back-end or redemption load). These sales commissions for a load fund are paid to a broker or representative. In exchange for paying the sales charge on a load fund, a mutual fund company usually may choose to charge lower administration fees. The opposite of a load fund is a no-load fund, which doesn't impose a sales charge.
Rate this load fund definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: option premium, deferred revenue, annual return, per diem, inflation, 144a, Zero Cost Collar, current ratio, 1035 exchange, labor relations, retained earnings, 401a, liquidity ratio, irrevocable trust, Key Rate Duration, risk management, debt service coverage, balance sheet, deferred tax, quality assurance, dividends payable, class C shares, ex-dividend date, stock split, ex-dividend, 1031 exchange, command economy, reverse mortgage, stock market close, EBITDA, margin rate, LIBOR, required rate of return, FICO score, VIX, limit order, APR, minority interest, open position, implied volatility, average price per share, phantom income, FTSE, real GDP, diluted share, wholly-owned subsidiary, in escrow, cancelled check, covered put
|
|
| |