Definition:
Back-End Load Fund
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A back-end load fund refers to a mutual fund that charges investors a fee to redeem shares, often ranging 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 year.
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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