Open-end Funds

Open-end Funds

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Open-end funds -

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Open-end funds (also known as mutual funds) continue to sell and repurchase shares at their NAVs after their initial public offerings. Some funds (load funds) charge a sales fee for share sales that is typically 7.5 to 8% of the NAV. Load funds generally do not charge a redemption fee, but some noload funds do charge a small one of about half a percent of NAV.