Sales charge


 

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Sales charge

A brokerage fee charged to a buyer of shares in a mutual fund. The charge is deducted prior to the balance being invested in the fund.

Sales charge

The fee charged by a mutual fund at purchase of shares, usually payable as a commission to a marketing agent, such as a financial adviser, who is thus compensated for assistance to a purchaser. It represents the difference, if any, between the share purchase price and the share net asset value.



Sales charge

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