a. Number of shares purchased = $10,000/35.64 = 280.58

b. Percentage load = NAV/Purchase price

Percentage load = $35.64/$37.81

Percentage load = 5.74%

c. Load charge = (Purchase price NAV)*shares purchased

Load charge = ($37.81 - $35.64)*280.58

Load charge = $608.86

d. If this fund were no load, the criteria should be met are 12 (b)-1 fees, no loads, no fees, no transaction fees are charged, funds purchased at NAV without any front end, back end or level sales charges.

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