Entry from US English dictionary
The deduction of commission fees and expenses from mutual fund shares at the time of purchase.
- They also pay 0.95% for the basic insurance and 2.5% in front-end loads each time they make a deposit into the mutual fund-like sub-accounts.
- The sad truth is that some index funds actually charge front-end loads, back-end loads and 12b - 1 fees - all of which will eat into your return.
- That's because many funds with front-end loads are now adding 12b - 1 fees as well.
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