Final answer:
Class C shares of mutual funds may be suitable for investors with a shorter investment horizon and lower upfront load. They have a level load and are intended for shorter-term investments.
Step-by-step explanation:
Class C shares are a type of mutual fund share that typically have a higher expense ratio and a lower upfront load compared to other classes of shares, such as Class A or Class B shares. They may be appropriate for investors who plan to hold their investment for a shorter period of time, as they usually have a shorter holding period requirement. Class C shares typically have a level load, which means that the investor pays a consistent annual fee as long as they hold the shares.