Open-end mutual funds that charge a sales fee when the fund is initially offered to the investor are known as

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Load funds are open-end mutual funds that charge a sales fee when the fund is initially offered to the investor. This fee is added to the net asset value (NAV) of the fund and is typically used to compensate the broker or financial advisor who sold the fund to the investor. 12b-1 funds, on the other hand, charge ongoing fees to cover marketing and distribution expenses. Americus trusts and unit investment trusts are different types of investment products. Contingency funds are not a recognized category of mutual funds.

Open-End Mutual Funds That Charge a Sales Fee When the Fund