5-55 A mutual fund that charges investors a fee similar to a commission charge is called a

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A mutual fund that charges investors a fee similar to a commission charge is called a load fund. The load can be either upfront or back-end and is typically around 5% of the investment amount. This is different from a no-load fund which does not charge any commission-like fees to investors. 12b-1 fees are a type of ongoing fee charged by some mutual funds to cover expenses such as marketing and distribution costs. Long-term and short-term are not relevant terms when discussing mutual fund fees.

5-55 a Mutual Fund That Charges Investors a Fee Similar