Load Fund

A mutual fund with shares sold at a price including a large sales charge. This sales fee may range from 3% to as high as 8% of the full purchase.

Investopedia Says:
In exchange for paying your fees up front, mutual fund companies don't usually make you pay high administration fees.

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Mutual Fund that is sold for a sales charge by a brokerage firm or other sales representative. Such funds may be stock, bond, or commodity funds, with conservative or aggressive objectives. The stated advantage of a load fund is that the salesperson will explain the fund to the customer, and advise him or her when it is appropriate to sell the fund, as well as when to buy more shares. A No-Load Fund, which is sold without a sales charge directly to investors by a fund company, does not give advice on when to buy or sell. Increasingly, traditional no-load funds are becoming low-load funds, imposing up-front charges of 3% or less with no change in services. See also Investment Company; Mutual Fund Share Classes.