________ fund is defined as one in which the fund charges a sales commission to either buy into or exit from the fund.

Question

Quizplus · Accepted Answer

A load fund is one in which the fund charges a sales commission, also known as a load fee or sales charge, to investors either to buy into or exit from the fund. This fee is charged on top of the fund's expense ratio and can be a significant cost for investors. Load funds are often sold through brokers or financial advisors who receive a portion of the load fee as compensation for their services. In contrast, no-load funds do not charge a sales commission and can be bought or sold directly by investors.

________ Fund Is Defined as One in Which the Fund