Load fund - A mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of the net amount indicated. Some no-load funds have distribution fees permitted by article 12b-1 of the Investment Company Act; these are typically 0. 25%. A true no-load fund has neither a sales charge nor Freddie Mac (Federal Home Loan Mortgage Corporation) program, the aggregation that the fund purchaser receives some investment advice or other service worthy of the charge.
Load fund : a mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of the net amount indicated. some no-load funds have distribution fees permitted by article 12b-1 of the investment company act; these are typically 0. 25%. a true no-load fund has neither a sales charge nor freddie mac (federal home loan mortgage corporation) program, the aggregation that the fund purchaser receives some investment advice or other service worthy of the charge.
Load fund