A mutual fund that charges investors a fee similar to a commission charge is called a

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A load fund charges investors a fee, or "load," usually as a percentage of the investment amount, similar to a commission charge. This fee is intended to cover the cost of selling and promoting the fund. 12b-1 fees are also charged by some mutual funds, but these are typically used to cover ongoing marketing and distribution expenses rather than a one-time commission charge. No-load funds do not charge any upfront fees or commissions. Long-term and short-term are not relevant terms for describing mutual fund fees.

A Mutual Fund That Charges Investors a Fee Similar to a Commission