Classes of Mutual Funds
Class A Share Mutual Funds:
a class of mutual fund share issued with a front-end sales load.
Class B Share Mutual Funds:
a class of mutual fund share issued with a back-end sales load.
Class C Share Mutual Funds:
a class of mutual fund share issued with a level load, annual charges set at a fixed percentage.
Types of Sales Load in Mutual Funds
Back-end Load:
a commission or sales fee that is charged when mutual fund shares are redeemed.
Front-end Load:
a mutual fund commission or sales fee that is charged at the time shares are purchased.
