| 释义 |
front-end load
front-end loadn. A fee that a mutual fund charges to an investor when the investor buys shares in the fund.front-end load n (Banking & Finance) commission and other expenses paid for as a large proportion of the early payments made by an investor in an insurance policy or a long-term investment plan front-end loading nfront′-end` load′
n. (in a mutual fund) a percentage of the first year's payment used for sales commission and future operating expenses. Also called front′ load`.[1960–65]EncyclopediaSeefront endMedicalSeefront loadFront-end load
Front-end loadThe fee applied to an investment at the time of initial purchase, e.g., on a mutual fund purchased from a broker or mutual fund company.Front-End LoadA sales fee in a mutual fund that one pays when one buys shares in the fund. That is, when an investor buys a share in a mutual fund with a front-end loan, he/she agrees to pay a third party, usually a financial institution or broker, a certain percentage of the share's value. Unlike back-end load, the shareholder does not pay the fee upon sale, but rather upon purchase. A share in a mutual fund with a front-end load is called an A-share. See also: B-Share, C-Share, No-Load Fund, CDSC.Front-end load.The load, or sales charge, that you pay when you purchase shares of a mutual fund or annuity is called a front-end load. Some mutual funds identify shares purchased with a front-end load as Class A shares. The drawback of a front-end load is that a portion of your investment pays the sales charge rather than being invested. However, the annual asset-based fees on Class A shares tend to be lower than on shares with back-end or level loads. In addition, if you pay a front-end load, you may qualify for breakpoints, or reduced sales charges, if the assets in your account reach a certain milestone, such as $25,000. |