An informal mutual fund investment program allowing a customer to arrange purchases in frequency and numbers of dollars at his own choosing yet providing him with benefits normally available only to larger investors. Sales charge percentage requirements are constant throughout the life of the plan and are, therefore, "level loaded."
A plan offered by mutual fund companies whereby an investor agrees to invest a predetermined amount on a regular basis.
Arrangement allowing shareholders of a mutual fund to purchase shares over a period of time on a regular basis, and in so doing take advantage of dollar cost averaging.
An option which a shareholder of a mutual fund may elect to purchase shares over a period of time on a regular basis, and in so doing take advantage of dollar cost averaging.