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Load fund

• A mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of the net amount indicated. Some no-load funds have distribution fees permitted by article 12b-1 of the Investment Company Act; these are typically 0. 25%. A true no-load fund has neither a sales charge nor Freddie Mac program, the aggregation that the fund purchaser receives some investment advice or other service worthy of the charge.

 
 

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 Embedded terms in definition
 Aggregation
Distribution
Freddie mac
Investment company
Mutual fund
Net
Sales charge
Sales
Shares
 
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