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.