The amount that investors pay when they buy (front-end load) or redeem (back-end load) shares in a mutual fund, similar to a commission. The SEC's rules do not limit sales loads a fund may charge, but FINRA's rules cap mutual fund sales loads at 8.5% of the purchase or sale, or at lower levels, depending on other fees and charges.
Tips for Teachers: Investing for Retirement
Read our Investor Bulletin to learn about 403(b) and 457(b) retirement savings plans and how to make informed decisions when investing for retirement.
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