For a mutual fund, a load is:

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A load is a fee charged by a mutual fund for its management services. This fee is charged at the time of purchase or sale of the fund's shares, and is typically a percentage of the amount invested. The load helps to cover the costs associated with managing the fund, such as research, administrative expenses, and salaries for fund managers and analysts. It is important to note that not all mutual funds charge a load, and those that do may have different structures and fees.

For a Mutual Fund, a Load Is