What effect does a 5.75% back end load have on a $5000 mutual fund investment? No influence on the initial investment, but the investor would have to pay a yearly fee of $287.50 Applied at the time that you sell the investment and reduces the profit you receive from the sale Applied at the time of purchase and reduces the original investment down to $4,712.50 Applied at the time of purchase and increases the original investment to $5,287.50