Load Open-End Funds: Charges, Fees, and Costs

Understanding Load Open-End Fund Charges

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Question

Load open-end funds charge -

Answers

A. sales fees of about 7.5 to 8% of NAV.

B. sales and redemption fees of about 1 to 2% of NAV.

C. sales and redemption fees of about 7.5 to 8% of NAV.

D. sales fees of about 10 to 15% of NAV.

E. sales fees of about 1 to 2% of NAV.

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Explanations

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A. B. C. D. E.

Load funds charge a sales fee for share sales that is typically 7.5 to 8% of the NAV. Share prices are quoted with a NAV and an offering price. Load funds generally do not charge a redemption fee, but some no-load funds do charge a small one of about half a percent of NAV.

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