Level Load
Categories: Mutual Funds, Investing and Trading, Stocks,
Some load mutual funds impose a recurring sales charge, called a level load, each year you own the fund rather than a sales charge to buy or sell shares. The level-load rate is generally lower than the sales charge for front- or back-end loads. But the annual asset-based management fee on these funds is higher than for front-load funds. This means the total amount you pay over time with a level load can be substantially more than a one-time sales charge, especially if you own the fund for a number of years. If a fund company offers you a choice of the way you prefer to pay the load, level-load funds are generally identified as class c shares. Front-end loads are class a shares and back-end loads are class b shares.
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