Load-Adjusted Return

Calculated monthly, these total returns are adjusted downward to account for sales charges. Usually given for 1, 3, 5, 10 Years.

For funds with front-end loads, the full amount of the load is deducted. For deferred, or back-end loads, the percentage, often coupled with a 12b-1 fee, usually disappears entirely after several years. Morningstar adjusts the deferred load accordingly when making this calculation. For funds that lack a 10-year history, Morningstar provides an annualized (not cumulative) load-adjusted return figure for the period since the fund's inception.

 

 

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