| Back-End Load | |
 A fee an investor pays when selling a mutual fund within a certain number of years, usually seven. |
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 Sometimes in exchange for paying no fees up front, the investor pays an annual fee for marketing and managing that is higher than the fees charged for a front-load fund. Back-end mutual funds are okay if you plan on investing for the long-term; otherwise, you'll pay high commission to withdraw early. Remember that almost all mutual funds charge an annual administration fee that is automatically withdrawn from your account, so back-end funds aren't completely free. In the U.K., a Back-End Load is called an "Exit Charge." |
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 Mutual Fund Fees - An article by the Securities and Exchange Commission on fees and loads involved with mutual funds. Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds. Digging Deeper: The Mutual-Fund Prospectus - The legal jargon of the document can be daunting, but here's a guide to help you get to the important stuff. |
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