Date: Tue, 17 Apr 2007 13:33:30 -0500
From: kastnna 
Newsgroups: misc.invest.financial-plan
Subject: Re: purchase Class A shares
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>From the NASD:
"Class A shares typically charge a front-end sales charge. When you
buy Class A shares with a front-end sales charge, a portion of the
dollars you pay is not invested. Class A shares may impose an asset-
based sales charge, but it generally is lower than the asset-based
sales charge imposed by the other classes. A mutual fund may offer you
discounts, called breakpoints, on the front-end sales charge if you:

make a large purchase;
already hold other mutual funds offered by the same fund family; or
commit to regularly purchasing the mutual fund's shares.

Class B shares typically do not charge a front-end sales charge, but
they do impose asset-based sales charges that may be higher than those
that you would incur if you purchased Class A shares. Class B shares
also normally impose a contingent deferred sales charge (CDSC), which
you pay when you sell your shares. For this reason, these should not
be referred to as "no-load" shares. The CDSC normally declines and
eventually is eliminated the longer you hold your shares. Once the
CDSC is eliminated, Class B shares often then "convert" into Class A
shares. When they convert, they will begin to charge the same asset-
based sales charge as the Class A shares.

Class B shares do not impose a sales charge at the time of purchase.
So unlike Class A purchases, all of your dollars would be immediately
invested. But your expenses, as measured by the expense ratio, may be
higher. You also may pay a sales charge when you sell your Class B
shares.

If you intend to purchase a large amount of Class B shares, you may
want to discuss with your financial adviser whether Class A shares
would be preferable. The expense ratio charged on Class A shares is
generally lower than for the Class B shares, and the mutual fund may
offer large-purchase breakpoint discounts from the front-end sales
charge for Class A shares.

Class C shares usually do not impose a front-end sales charge on the
purchase, so the full dollar amount that you pay is immediately
invested. Often Class C shares impose a small charge if you sell your
shares within a short time of purchase, usually one year. Class C
shares typically impose higher asset-based sales charges than Class A
shares, and since their shares generally do not convert into Class A
shares, their asset-based sales charge will not be reduced over time.
Class C shares are often used for asset-allocation purposes.

Class C shares do not impose a sales charge at the time of purchase,
but they may impose a CDSC or other redemption fees. Additionally, in
most cases your expense ratio would be higher than Class A shares, and
even than Class B shares if you hold for a long time!"
---
ALL MUTUAL FUNDS HAVE FEES AND EXPENSES. How do you think they pay the
light bill? Its not as simple as "load" and "no-load." Just because
you can't readily see them, doesn't mean they are not there.