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Loads: Some funds charge loads, or commissions, which are paid to brokers at the time the fund is bought or sold. Front-end loads are charged when a fund is purchased, while a back-end load is ...
Front-end load. Often associated with class 'A' shares of a mutual fund. Also known as Sales Charge, this is a fee paid when shares are purchased. Also known as a "front-end load", this fee typically goes to the brokers that sell the fund's shares. Front-end loads reduce the amount of your investment.
Class A shares will typically come with a front-end sales load, but will have lower annual expenses, such as the 12b-1 fee, than other mutual fund classes. ... However, mutual fund fees can be ...
When these expenses are charged separately, distribution charges pay for marketing, distribution of the fund's shares, and services to investors. There are three types of distribution charges. Front-end load or sales charge. A front-end load or sales charge is a commission paid to a broker by a mutual fund when shares are purchased. It is ...
However, index mutual funds can come with hefty trading commissions and may also have load fees, which are a form of sales commission. ETFs have no load fees, either on the front end or the back end.
On December 3, 2003, the SEC proposed new rules to stop after-hours trading in mutual funds. [9] [10] On December 18, 2003, the SEC “announced an enforcement action against Alliance Capital Management L.P. (Alliance Capital) for defrauding mutual fund investors. The SEC ordered Alliance Capital to pay $250 million.
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related to: mutual fund front end chargesCombination of great tools, asset classes, & low costs - Investopedia