A mutual fund that carries a load will require the investor to pay a commission, only if the fund appreciates in price.

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A mutual fund that carries a load requires the investor to pay a commission regardless of whether the fund appreciates in price; the load is typically paid at the time of purchase (front-end load), when the shares are sold (back-end load), or as an annual fee (level load), not based on the fund's performance.

A Mutual Fund That Carries a Load Will Require the Investor