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back-end load

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Back-End Load
A fee an investor pays when selling a mutual fund within a certain number of years, usually seven.

Notes:
Sometimes in exchange for paying no fees up front, the investor pays an annual fee for marketing and managing that is higher than the fees charged for a front-load fund.

Back-end mutual funds are okay if you plan on investing for the long-term otherwise, you'll pay high commission to withdraw early. Remember that almost all mutual funds charge an annual administration fee that is automatically withdrawn from your account, so back-end funds aren't completely free.

In the U.K., a Back-End Load is called an "Exit Charge."


back-end load

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5% of your invested savings, and perhaps you've even grasped the difference between a front-end and back-end load down cold (see "Nothing Comes Free," Moneywise, May 1998).
They come in two varieties: (1) a front-end load, assessed as a percentage of the contribution, and (2) a back-end load, commonly referred to as surrender charges, assessed as a percentage of the amount withdrawn.
Most back-end load fees apply if a fund holder sells shares within five years.
 
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