March 13 was a red letter day for The Payson Funds. The $18 million Payson Balanced Fund and its sibling, the $16 million Payson Value Fund officially became no-load products, shedding their long-standing 4% front-end sales charge as of that date.

Both funds are managed by H.M. Payson, an investment adviser headquartered in Portland, Me. Payson manages a collective $2 billion in assets, predominantly in separate accounts.

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