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Back-end load |
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Back-end load. Some mutual funds impose a back-end load, or a contingent deferred sales charge, if you sell shares in the fund during the first six or seven years after you purchase them. The charge is a percentage of the value of the assets you're selling. The percentage typically declines each year the charge applies and then is dropped. However, the annual asset-based management fee is higher on back-end load funds, also known as Class B shares, than on front-end load funds, where you pay the sales charge at the time you purchase. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The back-end load is less too, one percent in most cases. If your investment time horizon is uncertain, you might prefer B shares, which charge a back-end load and typically convert to A shares after a certain number of years. C-Share--Annuities with no back-end loads (no surrender charges) |
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