Front-end-load definitions

A fee that a mutual fund charges to an investor when the investor buys shares in the fund.
noun
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A sales charge on a mutual fund that is assessed when shares of the fund are purchased. This charge often goes to pay the selling broker in the form of a commission. A front-end load charge is different from a 12b-1 fee, which is deducted from the fund’s assets and used to pay for marketing and distribution expenses. A mutual fund without a sales charge is called a no-load fund.
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