Yeah, we hate the word ‘load,’ too. But you need to know what it means for the exam, so pay attention. A mutual fund that charges a load is just charging a fee, similar to a commission, when you buy the fund. Paying a load up front is usually a better deal than buying a “no load” fund. Why? Because once you pay that initial fee you, then only need to pay a low annual management fee, whereas no load funds, which do not charge an initial load (fee), trap you with hi...
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