Mutual fund shares that are offered for sale at the NAV without a front-end load, but which charge a combination of 12b-1 fees and a back-end load, and whose back-end load typically remains in effect for 6 to 8 years, are

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Class B shares are offered at NAV without a front-end load, but charge a combination of 12b-1 fees and a back-end load. The back-end load typically remains in effect for 6 to 8 years, making them a popular choice for long-term investors. Class A shares also typically charge a front-end load, while Class C shares typically have a higher 12b-1 fee and a smaller back-end load. Class D shares are a relatively new share class that typically charge lower fees but are only available through specific investment advisors.

Mutual Fund Shares That Are Offered for Sale at the NAV