Back-End Load

Almost the exact opposite of a front-end load, this is a percentage charge to investors when they sell their fund’s shares. The back-end load is usually higher for investors who sell their shares in a short period after investment and may be smaller or even waived for investors who sell their shares after a long period of investment (for example, ten years.) The back-end load is paid to an intermediary and not to the mutual fund itself.

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