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, commonly known as a "load," is typically a percentage of the amount of money invested in the fund and is paid to the broker or financial advisor who sold the investor the fund. The purpose of the load is to compensate the broker or advisor for their services and to cover expenses incurred by the fund. Deferred sales loads are a type of load fund in which the sales fee is charged at the time the investor sells the fund, rather than when they initially buy it.

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