Costs · Question 7 of 12
What is a front-end load (Ausgabeaufschlag)?
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Answer
- B A one-off surcharge on the unit value when buying a fund
Explanation
When buying via the fund company or a bank, many active funds charge a front-end load, often up to 5% for equity funds. It mainly covers distribution costs. ETFs are bought via the exchange, where no front-end load applies; instead there are order fees and the spread.