C Shares

C Shares - This is a class of mutual fund with a steady load. The load is a special fee that the shareholder pays in order to maintain the investment in a mutual fund. The C Share creation is to cover the fund's costs. A constant load, unlike a front-end or back-end load, is the compensation on an ongoing basis, usually annually. Mutual funds extend the flexibility of choosing from among a variety of payment options, specifically created by alphabetical share classes. Class C shares are the most commonly available. Class C shares carry higher fund expenses on investments, but are more attractive.