No. of Recommendations: 2

For the record (I have studied several hundreds of MMFs); I know of no Money Market Fund that has a sales load.

They are differentiated by the following characteristics:

1. Minimum amount to open an account.
2. Minimum amount that can be share-drafted.
3. Minimum amount that may be added by EFT.
4. Minimum amount that may be in the account.
5. Maximum number of share drafts that may be written in a given period.

They do not have sales charges, even though they may be in the same family of funds that has sales charges.

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