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

Name: 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 charge a sales fee when the fund is initially offered to an investor. This fee is typically a percentage of the total investment amount and can range from 1% to 5.75%. The fee goes towards compensating the financial advisor or broker who sold the fund to the investor.

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