This question has been confusing me. Can I get an explanation?
Bid: the price at which the party will buy the security (think an auction - I’ll bid $10 to buy a signed baseball)
Ask: the price at which the party will sell the security (think an auction - I’m asking $25 to sell my signed baseball)
The value of a share of a mutual fund is the net asset value (NAV), which is the proportional sum of the assets it contains. This is the price at which the fund will buy the shares from you, i.e. the bid.
A front-end loaded fund will sell you the shares at the NAV plus a sales charge, which together is the public offering price (POP). This is the price at which the fund will sell the shares to you, i.e. the ask.