C. Essential Characteristics (continued)

• 4. Load or No Load

  • a. Load Fund
    • Charges a commission when shares are bought(7 - 8 1/2% or more)
  • b. No Load Fund
    • No sales charges are levied

• 5. Other fees and Costs

  • a. Professional Management Fee
    • .25 to 1.75 percent of the average dollar amount of assets under management

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