摘要：The debate between no-load and load funds
has continued and has become more complicated because of the innovative
packaging by mutual fund managers. The purpose of this research is to analyze
whether load funds earn a consistently higher rate of return on a long-term
basis when compared to no-load funds. This research evaluates the returns of
equity load and no-load funds by analyzing the descriptive statistics of a large
sample (8,100) of load and no-load funds. Results, summary statistics, and
conclusions are drawn from the samples analyzed.
