Answered

A mutual fund in which no sales charge is paid by the individual investor is called a(n) ________ fund.
a. closing fund
b. convertible load
c. no-load
d. open-minded

Answer :

The correct option is C ( no-load fund). A mutual fund in which no sales charge are paid by the individual investor is called a no load fund.

A No-load fund is a fund that doesn't charge any type of sales load. No-load also includes the operating expenses. Not all type of shareholder fee is a sales load. These fund may charge fees that are not sales loads. A fund can only market themselves as no load fund when charges are less than allowed 12-1b charges. These are controlled by Financial Regulatory Authority (FINRA).  These funds do not charge a front or backlog sales fees, they make up their charges by including other fees. Thus option C (no-load fund) is correct.

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