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 Glossary   >   B   >   "Back-end loan fund" Definition   

        Back-end loan fund

A mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Some back-end load funds impose a full commission if the shares are redeemed within a designated time, such as one year. The commission decreases the longer the investor holds the shares. The formal name for the back-end load is the contingent deferred sales charge, or C.D.S.C.

Back-end loan fund


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Back-end loan fund - A mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Some back-end load funds impose a full commission if the shares are redeemed within a designated time, such as one year. The commission decreases the longer the investor holds the shares. The formal name for the back-end load is the contingent deferred sales charge, or C.D.S.C.


Back-end loan fund : a mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. some back-end load funds impose a full commission if the shares are redeemed within a designated time, such as one year. the commission decreases the longer the investor holds the shares. the formal name for the back-end load is the contingent deferred sales charge, or c.d.s.c.