Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
These mutual funds have no front loads (commissions charged when you get them) but do have small back-end loads of about 1%. If you hold the fund for at least a year, that number may disappear altogether. C-shares might be a good idea for those who want to get out of their mutual fund early (but after hanging in there for at least a year).