Level load

(redirected from Level-Load)

Level load

A mutual fund that charges a permanent sales charge, usually at some fixed percentage. See: Front-end loads and back-end loads.

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.

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.

References in periodicals archive ?
We approach the business with an aim to level-load our investment and distribution programs, rather than chase cycles up or down, because we believe that is the best way to create sustained value in the energy sector.
Level-load orders year-round to offset spikes and lows.
In some scenarios, ensuring that orders are level-loaded throughout the year can help offset at least some of that temporary labor challenge, he notes.
Often, when the 12b-1 fee is a constant amount, the fund is referred to as a level-load or spread-load fund.
Although load funds may be characterized as front-end, back-end or level-load, or as imposing or not imposing 12b-1 fees, in many cases they actually combine these factors.
Or it may be added to the broker's .25% payout as the broker's commission for level-load (C) shares.
The team was tasked with creating a master level-loaded template; each subspecialty was level-loaded against the providers within the specialty with the ultimate goal of scheduling only one patient in the specialty to arrive every 10 minutes.
Following implementation of the new level-loaded schedule, data were collected for 2 months post-level loading (October-November).
Eliminates overburden, inconsistencies, and waste in production through level-loaded production that reflects the actual volume of orders received
In level-loaded production(1), which aims to make daily production activities and volumes consistent, it becomes difficult to adjust production to quickly reflect the actual number of received orders, which change on a daily basis.
Premier Pallet, tel: 0136 286 1066, will feature a continuous live demonstration of floor level-loaded 180[degrees] pallet inverter and its application in removing freezer separators from a stack of frozen meat boxes.