Load

(redirected from Sales Charges)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

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.

Load

A sales charge or commission one pays for purchasing a mutual fund. The charge is paid to the person(s) who sold the investor shares in the fund. There are three types of load. A front-end load occurs when the shareholder pays the fee when buying into the fund. A back-end load means that the investor pays when selling his/her shares. Finally, an investor with a level-load fund pays periodically throughout his/her time as a shareholder. Studies have shown that load funds perform neither better nor worse than no-load funds.

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.

Load.

If you buy a mutual fund through a broker or other financial professional, you pay a sales charge or commission, also called a load.

If the charge is levied when you purchase the shares, it's called a front-end load. If you pay when you sell shares, it's called a back-end load or contingent deferred sales charge. And with a level load, you pay a percentage of your investment amount each year you own the fund.

load

the work which is assigned to a workstation (machine or operative) during a specified period of time. See PRODUCTION-LINE BALANCING.

Load

A load is a sales charge imposed when mutual fund shares are purchased or redeemed.
References in periodicals archive ?
As a result, approximately 41,000 small business retirement plans, and approximately 6,800 charities and 403(b) retirement plan accounts available to ministers and employees of public schools, either paid sales charges when purchasing class A shares, or purchased other share classes that unnecessarily subjected them to higher ongoing fees and expenses.
Funds sold by registered representatives have sales charges which are paid to the broker/dealer organization, which passes them down to the individual registered representative or financial advisor as a commission.
75% and 2% sales charges respectively, now have no sales charge.
During the relevant period, UIT sponsors generally offered sales charge discounts to investors, known as "breakpoint discounts" and "rollover discounts.
62 in restitution to customers after the agency found that the firm failed to identify and apply sales charge discounts to certain customers' eligible purchases of unit investment trusts, resulting in customers paying excessive sales charges of approximately $85,281.
That is, you don't pay a sales charge or commission to invest or to take your money out.
Sales charges, annual operating expenses and detailed breakpoint sales charge discount schedules.
FINRA says that many mutual funds waive their upfront sales charges on Class A shares for certain types of retirement accounts, and some waive these charges for charities.
FINRA found that Banorte Securities International recommended Class B shares of off-shore mutual funds to its customers in certain transactions where the customers would have financially benefited from purchasing Class A shares - particularly since the firm had negotiated lower front-end sales charges for off-shore mutual fund Class A shares with several mutual fund companies.
Wells Fargo Advisors, Wells Fargo Advisors Financial Network (FiNet), Raymond James & Associates, Raymond James Financial Services and LPL Financial agreed Monday to pay more than $30 million in restitution, including interest, to affected customers for failing to waive mutual fund sales charges for certain charitable and retirement accounts.
From 2001 through 2004, many mutual fund families offered NAV transfer programs that eliminated front-end mutual fund sales charges for certain customers.