A fee charged by a mutual fund company when selling a mutual fund is the shareholder fee.
A mutual fund is a professionally managed investment vehicle that pools money from a number of individuals to buy securities.
The word is commonly used in the United States, Canada, and India, with similar structures such as the SICAV in Europe and the open-ended investment company in the United Kingdom.
Any costs a person pay when buying or selling fund shares are known as shareholder fees. These are usually one-time expenses.
They include operating charges for the mutual fund, such as investment advising fees.
Therefore, a shareholder fee is charged by the mutual fund company when selling a mutual fund.
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