Level load

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Level load

A mutual fund that charges a permanent sales charge, usually at some fixed percentage. See: Front-end loads and back-end loads.

Level Load

A load for a mutual fund that is paid on an ongoing basis. A load is a fee that the investor pays in order to maintain his/her investment in a mutual fund; it is designed to cover the fund's costs; one may think of it as a sales fee. A level load contrasts with a front-end or a back-end load, in that it is paid in (usually annual) increments over the period of time during which one owns shares in the fund. See also: C-Share.

Level load.

Some load mutual funds impose a recurring sales charge, called a level load, each year you own the fund rather than a sales charge to buy or sell shares.

The level-load rate is generally lower than the sales charge for front- or back-end loads. But the annual asset-based management fee on these funds is higher than for front-load funds.

This means the total amount you pay over time with a level load can be substantially more than a one-time sales charge, especially if you own the fund for a number of years.

If a fund company offers you a choice of the way you prefer to pay the load, level-load funds are generally identified as Class C shares. Front-end loads are Class A shares and back-end loads are Class B shares.

References in periodicals archive ?
Level-load orders year-round to offset spikes and lows.
With level-load orders, there isn't as much immediacy, which basically drives people to call a temp agency on Monday morning with a request for hundreds of workers," says Mueller, who advises DC managers to "get in tune" with the rest of the company to ensure better planning and to avoid a glut of orders that are waiting to be processed during the high season.
Often, when the 12b-1 fee is a constant amount, the fund is referred to as a level-load or spread-load fund.
25% payout as the broker's commission for level-load (C) shares.
The Company said that fourth quarter 2005 pool equipment sales were especially strong due to the success of its early buy program, an incentive program to level-load production during the traditionally slowest time of the year.
We believe design automation can help us to become more efficient and level-load our facility better," said Russ Nagel, vice president of operations, Interior Concepts.
American Century's C Class share is a level-load class that offers financial intermediaries a steady revenue stream.
today announced that, in response to increasing market demand, it is offering level-load class "C" shares of its $540 million Amerindo Technology Fund (ATCHX), which has soared more than 234% year-to-date.