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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Thus the repairing order of the first level loads should be repaired with the shortest time.
EPA is in the charge of CCA and in charge of controlling connection states and power supply positions of the emergent power-vehicles, which supply power temporarily for the first level loads as a priority.
(3) EPA controls EP1 and EP2 moving to loads of the highest urgency immediately, cooperating with the repair of the first level faults and ensuring restoration of power to the first level loads in the shortest time.
According to the optimized principle of the proposed multifault repair double-level mathematical model where the minimum [f.sub.1](X) is considered at first, scheme 1 is the best since only for 34.25 hours power supply of all the first level loads can be recovered.
The first level loads 101, 105, 109 and 110 will still be outage loads even though fault 43 has been repaired.
In the former strategy, fault 54 is repaired after the other faults by squad c, so the first level loads 101, 105, 109, and 110 will be outage loads until the last.
When trying to develop .357 Magnum level loads for use in both sixgun and leverguns you can avoid a lot of grief by going straight to gas check bullets.
Both the full charge and .30-06 level loads produced nice three-shot clusters, but the Level II (.300 Win Mag) showed substantial horizontal spread not attributable to range conditions.
The most recent entrants are level loads. These allow for a higher annual payment to the broker (one percent) which begins after the first year.
38 S& W it's vital you stick to factory level loads, which are anemic at best.
When cowboy action shooting started almost everyone used .45 and .44 sixguns with the same level loads used on the frontier.
For Colt SAA level loads I go with 7.0 grains of WW231 or 10.0 grains of VV3N37 for 840 fps and 8.0 grains of Unique or 18.5 grains of H4227 for 930 fps.