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.
Back-end loan fund