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Back-end load fund

Definition: [crh] A mutual fund that charges investors a fee to sell (redeem) shares, often rangingDefinition: 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 yeDefinition: ar. 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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