If you invest $10,000 in a mutual fund with a NAV of $50 per share and a 5.5% back-end load, you will receive less than 200 shares in the fund.
A back-end load is not paid until fund shares are sold.

Question

Quizplus · Accepted Answer

A back-end load is a fee paid when shares are sold, not when they are purchased. Therefore, the initial investment of $10,000 will buy 200 shares at $50 per share, as the load does not affect the number of shares purchased.

If You Invest $10,000 in a Mutual Fund with a NAV