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Investing Glossary:
Back-end load fund
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| A mutual fund that charges investors a fee to Sell (redeem) shares, often ranging from 4% to 6%. Some back-end Load funds impose a full Commission if the Shares are redeemed within a designated length of time, such as one year. The commission decreases, the longer the Investor holds the shares. The formal name for the back-end load is the contingent deferred sales charge, or CDSC
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