Back End Load Mutual Fund
Back End Load Mutual Fund | Definition
A mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Some back-end load funds impose a full commission, if the shares are redeemed within a designated time, such as one year. The commission decreases the longer the investor holds the shares. The formal name for the back-end load is the contingent deferred sales charge (CDSC).For over 1,000 additional terms and definitions please see our Investment Glossary Guide.
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