Level Load: Some load mutual funds impose a recurring sales charge, called a level load, each year you own the fund rather than a sales charge to buy or sell shares. The level-load rate is generally lower than the sales charge for front- or back-end loads. But the annual asset-based management fee on these funds is higher than for front-load funds. This means the total amount you pay over time with a level load can be substantially more than a one-time sales charge, especially if you own the fund for a number of years. If a fund company offers you a choice of the way you prefer to pay the load, level-load funds are generally identified as Class C shares. Front-end loads are Class A shares and back-end loads are Class B shares.

 

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Level Load: Some load mutual funds impose a recurring sales charge, called a level load, each year you own the fund rather than a sales charge to buy or sell shares. The level-load rate is generally low . . . View Full Definition

Load: The resistance or impedance to which energy is being supplied. In amplifiers, the speaker or speakers connected to the output of the amplifier.4

Front-End Load: The load, or sales charge, that you pay when you purchase shares of a mutual fund or annuity is called a front-end load. Some mutual funds identify shares purchased with a front-end load as . . . View Full Definition

Mean Water Level (MWL): A datum. The mean surface elevation as determined by averaging the heights of the water at equal intervals of time, usually hourly. Mean water level is used in areas of little or no range in tide.