, those that levy sales charges at the point of sale (resulting in less money being put to work as an investment), were encountering stiffer competition from no-load funds
(which financed sales out of annually collected expenses), (84) and, as noted above, the fund industry was shrinking due to net redemptions.
The information on load is important, since I assume that load funds
are accompanied by investment advice, and no-load funds
are sold without advice.
To assist the accountant in this situation, we first review some common terminology used by load funds
and then examine the financial implications of some of the investment decisions a load-fund investor may face.
Among all load funds
, Class B investors suffer from the poorest cash flow timing, underperforming a buy-and-hold strategy by 2.
To appreciate the significance of the CDSCs' development and the competitive pressures CDSCs have exerted, it is necessary to understand how selling effort is compensated for load funds
In these directors' eyes, and in the industry's eyes, the direct use of fund assets to pay distribution costs, a practice banned for the first 40 years following the Investment Company Act's enactment, has become essential if many load funds
are to maintain "viable distribution systems.
Morris said further, "Since Moneytree customers can activate the basic card at no charge, and will not be required to pay any fees to load funds
onto the card, we expect that a good percentage of Moneytree customers will choose to obtain a Cash Solution card.
With returns on fund investments likely to be single digits for the foreseeable future," Straus said, "investors need to understand that the sales and marketing fees charged by load funds
can materially inhibit investment results.
today announced that the company will eliminate approximately 50 positions overall, including all of the positions in its division developed this year to market the PBHG Advisor load funds
The Boost Mobile Prepaid Visa Card enables Boost customers to prepay or load funds
onto their card that can be accessed for purchase of Re-Boost airtime, in addition to other goods and services.
These additions will enable Morgan Beaumont to continue to improve its proprietary technology platform, which allows stored value and debit cardholders to load funds
securely and instantly across a national network of load locations.
Besides, there's no solid evidence that no-load funds
, numbered at 1,193, underperform the more costly 1,885 load funds