Level load

Level load
Definition:
A mutual fund that charges a permanent sales charge, usually at some fixed percentage. See: Front-end loads and back-end loads. ...

Level Load
An annual charge deducted from an investor's mutual fund assets to pay for distribution and marketing costs for as long as the investor holds the fund.

Level Load
Level Load - The term level load is one that applies to the annual fee, which is calculated and then deducted from a given mutual fund's assets that belong to any specific investors.

level load The sales charge that does not vary depending on how long the investor held the investment.

However, the annual asset-based fees on Class A shares tend to be lower than on shares with back-end or level loads.

See also: Market, Short, Trading, Sales, Option