Equity load is a commission paid by an investor on his or her investment in a security (in this case a beneficial interest in DST or TIC). The sales charge is paid to a financial intermediary (broker, financial planner, investment adviser, etc.) for selling the fund or product and is intended to provide compensation for the financial salesperson's efforts in assisting clients in selecting the security best suited to their needs. For example, if sales commissions of a security are 6.0% of equity and there is an additional 2.0% of equity for marketing expenses, then the total equity load is 8.0%. Also known as Sales Load.
