Redeeming your mutual fund shares might result in a charge called the:

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Redeeming mutual fund shares may result in a charge called a back-end load, which is a fee charged when you sell your shares within a certain time frame. This fee is typically a percentage of the value of your investment and can be a way for the mutual fund company to recoup some of the costs associated with managing the fund. Front-end loads are charged when you initially invest in the mutual fund, and management fees and 12b-1 fees are ongoing fees that are charged to cover the costs of managing the fund and marketing it to investors. There is no redemption tax associated with redeeming mutual fund shares.

Redeeming Your Mutual Fund Shares Might Result in a Charge