hidden load

Hidden load

A sales charge that is not explicitly disclosed or is buried in the fine print of a mutual fund prospectus or life insurance policy and therefore is not immediately apparent.

Hidden Load

A loan or sales charge for purchasing shares in a mutual fund that is not obviously stated in the fund's prospectus. Colloquially, it may also refer to a 12b-1 fee.

hidden load

A mutual fund sales fee that is not readily apparent to investors. The term generally applies to an annual 12b-1 fee that is charged by many mutual funds.
References in periodicals archive ?
If you have a Santander, RBS, NatWest, Halifax or Lloyds card, then not only do they add a hidden load to the exchange rate, they also charge a fee of between PS1 and PS1.
They deliberately damaged the cruiser so it could be taken for repairs with its hidden load.
We will also attempt to unmask and de-construct hidden loads such as 12b-1 fees.