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LSDefine

Simple English definitions for legal terms

load fund

Read a random definition: embezzler

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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