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Front-end load

A front-end load is a sales charge that is paid by the investor at the time of purchase.

Expanded Definition

Funds with front-end loads are sometimes called "A" shares -- though they don't always make the grade. These funds charge an initial sales commission that typically ranges from 2.0-8.5% of the investment. The fee may also apply to reinvestments of dividends, interest, and capital gains.

These funds usually also charge a 12b-1 fee.

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