load fund

noun

1. a mutual fund that carries transaction charges, usually a percentage of the initial investment.

Example Sentences

If you do choose a load fund be sure you're getting the service you're paying for, says Chris Kim, chief investment officer at Tompkins Financial Advisors in Ithaca, New York.

From US News

Or is there anyone out there who is forced to pay charges for a load fund?

From New York Times

If you own a load fund for at least seven years, nothing but A shares makes sense.

From Time Magazine Archive