Mutual fund net returns are computed without doing any adjustment for the loads. In other words, the fund returns to the CRSP mutual fund database are pre-load returns. There is no obvious way to calculate the post-load returns with the current data items from this database, as I believe a lot more information is needed to do that, such as information on the amount of money coming into the fund or leaving the fund in each particular month, which would help somebody amortize the loads.
Mutual Fund Net Returns: Loads
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