low-load fund

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Low-load fund

A mutual fund that charges a sales commission of 3.5% or less for the purchase of shares.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Low-Load Fund

A mutual fund in which the load or sales fee that one must pay to the fund is low compared to other funds. Generally speaking, a low-load fund has a load between 1% and 4% of the value of the shares purchased or sold. Low-load funds became popular in the 1980s.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

low-load fund

An open-end investment company with a sales charge ranging from 1 to 3% of the net amount invested by a shareholder, as opposed to charges of up to 9.3% on regular load funds and no charges on no-load funds. Low-load funds gained popularity in the mid-1980s, a period that witnessed renewed public interest in investment companies of all types.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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Direct marketers usually do not charge a load; some no-load and low-load funds, however, use annual fees to finance the distribution of their shares to the public.