1.- Front-End Load




In a front-end load fund, part of the fee is a commission Investors pay when make the investment (on the front-end). Those fees might be paid to the Fund, the Manager, RIAs or BDs. 




Many investors hate the idea of paying up to 5% of their investment for up-front fees. But because it's a one-time expense, the value of your investment grows without being bogged down by either on-going fees or back-end fees. 




2.- Back-End Load 




In a back-end fee, commissions are paid when Investors take money out of the fund. This might be either as a redemption fee, performance fee or transfer fee.




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