Sales charge - The fee charged by a mutual fund when purchasing shares, usually payable as a commission to a marketing agent, such as a financial advisor, who is thus compensated for his assistance to a purchaser. It represents the difference, if any, between the share purchase price and the share net asset value.
A brokerage fee charged to a buyer of shares in a mutual fund. The charge is deducted prior to the balance being invested in the fund.
Sales charge : the fee charged by a mutual fund when purchasing shares, usually payable as a commission to a marketing agent, such as a financial advisor, who is thus compensated for his assistance to a purchaser. it represents the difference, if any, between the share purchase price and the share net asset value.
a brokerage fee charged to a buyer of shares in a mutual fund. the charge is deducted prior to the balance being invested in the fund.
Sales charge