That is an "A" fund ---- as I told you, EJ will (the I/R's are held to strict guidelines on this) pitch only "A" shares ie. frontloaded.
The 5% is the 'frontload' ---- you also need (for every MFD) look closely at the "expense/fees" line!!
The 5% is not all that bad ---- as it will be recovered if you HOLD the FUND long enough ie. "B" and "C" shares (and even NO LOAD) funds have less frontload ------- but, the expense/fee lines are greater.........and, you forfeit more if sold early....in most cases.
I can show you (and the I/R will also) that "front loaded funds" ----- in the long term are actually (in most cases) more beneficial and profitable --------- OVER TIME!
And, MFD's are meant to be a LONG TERM buy/hold!
“The only causes of regret are laziness, outbursts of temper, hurting others, prejudice, jealousy and envy.”
Germaine Greer