Which class of mutual fund shares has a charging structure that avoids a front-end load?

Mutual funds often have different share classes with varying fee structures to suit different investor needs.

Why is Option C Correct?

Class C shares avoid front-end loads (initial sales charges).

Instead, they charge higher ongoing fees (expense ratios) and may have a short-term exit fee if sold within a year.

Why Not Other Options?

A (Class A) → Typically front-end loaded, meaning investors pay a fee when buying the fund.

B (Class B) → Usually back-end loaded, meaning fees apply when selling the fund.

D (Class D) → Less common, but often low-cost institutional shares.

???? Reference: SEC Mutual Fund Share Classes, CISI Wealth & Investment Management.