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Load

A fee or commission charged to an investor when buying or redeeming shares in a mutual fund. The fee may be charged at the time the investor buys into the mutual fund (called a front-end load) or when the investor redeems his/her mutual fund shares (called a back-end load).

Notes:

Most mutual funds today carry some load, since costs are incurred in the operation of the fund and as a result of numerous shareholder transactions (i.e. buying and redeeming of mutual fund shares). Also, this load quite literally acts as a burden for investors, effectively discouraging them from trading the mutual fund short-term.

See also: Back-End Load, Commission, Front-End Load, Load Fund, Mutual Fund, Open-End Fund

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Load

The sales fee charged to an investor when shares are purchased in a load fund or annuity. See: Back-end load; front-end load; level load.

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load

The sales fee the buyer pays in order to acquire an asset. This fee varies according to the type of asset and the way it is sold. Many mutual funds impose a sales charge. As a result of the load, only a portion of the investor's funds go into the investment itself. Also called front-end load, sales load.