Mutual funds that charge a load do so to compensate

Name: Mutual funds that charge a load do so to compensate
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Question

Quizplus · Accepted Answer

Mutual funds that charge a load do so to compensate brokers and salespeople for selling their fund to investors. This fee is typically a percentage of the invested amount and is intended to cover the costs associated with marketing and distribution of the fund. The load is not used to compensate fund managers or the SEC, and it is not paid by shareholders.

Mutual Funds That Charge a Load Do So to Compensate