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LSDefine

Simple English definitions for legal terms

load fund

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A quick definition of load fund:

A load fund is a type of mutual fund that charges a commission when shares are purchased or redeemed. This commission usually ranges from 4 to 9%. In contrast, a no-load fund does not charge any sales commission, although it may charge fees to cover operating costs. Mutual funds are investment companies that pool money from shareholders to invest in a diversified selection of securities, such as stocks and bonds. There are different types of mutual funds, including balanced funds, bond funds, growth funds, income funds, index funds, and utility funds, among others. Each type of fund has its own investment strategy and objectives.

A more thorough explanation:

A load fund is a type of mutual fund that charges a commission when shares are purchased or redeemed. The commission usually ranges from 4 to 9%. There are two types of load funds: front-end load and back-end load.

  • Front-end load: A mutual fund charges a 5% commission when an investor buys shares. If an investor invests $1,000, $50 will be deducted as a commission, and the remaining $950 will be invested in the fund.
  • Back-end load: A mutual fund charges a 6% commission when an investor sells shares within the first year of purchase. If an investor sells $1,000 worth of shares, $60 will be deducted as a commission, and the remaining $940 will be returned to the investor.

These examples illustrate how load funds charge a commission, which reduces the amount of money an investor can invest in the fund. This commission is paid to the broker or financial advisor who sells the fund to the investor.

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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