Another kind of load, called a back-end load, is sometimes charged when mutual fund shares are sold

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Another kind of load, called a back-end load, is sometimes charged when mutual fund shares are sold by investors. Back-end loads, also referred to as deferred sales charges, are an alternative way to compensate the fund managers or sales force for their services.

Some mutual funds waive back-end fees if the investor holds the funds for a stated period of time.

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