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no-load
(redirected from No-load mutual fund)

   Also found in: Legal, Financial 0.03 sec.
no-load (nld)
adj. Business
Sold directly to customers at net asset value without a sales commission: a no-load mutual fund.


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When investors, money-management firms, and institutional investors complained that they were interested in mutual funds, but should not have to pay ‘sales’ fees since they were making their own decisions on what to buy or sell, no-load mutual funds were introduced and are now the largest category of funds.
No-Load Mutual Funds We touched on this briefly, but a no-load fund is one that has no additional fees when buying or selling shares in the fund.
com) rated The Vanguard Group, Schwab Funds, Dodge & Cox Funds, Harbor Capital Advisors Funds and Fidelity Investments as the least expensive of the top no-load mutual fund families (in terms of how much it actually costs, once fees are factored in, to invest in the fund).
 
 
 
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