no-load

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no-load

(nō′lōd′)
adj. Business
Not charging a fee when shares are purchased or redeemed: a no-load mutual fund.
References in periodicals archive ?
"No-loads are conducted every single day by operational carriers in order to warm up the catapult in anticipation of launching aircraft," Ravelo said.
Aircraft are launching and recovering, catapults are shooting no-loads, mechanics are doing engine turns, people are re-spotting and parking aircraft, "grapes" are refueling airplanes and helos, and other Sailors are handling ordnance.
Someone asked about T-funds and no-loads and wide loads and doublewides and "Double Dare" and the Doublemint twins.
The noise generated on a ship from the no-loads, chains, towbars, and the 1MC, conspires against us.
Not all mutual fund families are willing or able to pay fees to supermarkets, so that means that not all no-loads are NTF funds.
Timbers contemplates relaxing Kemper's load structure, but won't divulge details except to say, "You have to wonder whether the industry is going to migrate so there's little distinction between loads and no-loads."
(Sometimes the transfer even gives the headless nail a chance to drive in a little deeper: the first thing one malingerer did upon being transferred was to file a grievance against his new supervisor, so he could claim any subsequent adverse evaluation was merely retaliation.) The same logic that keeps no-loads and criminals employed also leads to promoting the undeserving, thus striking another blow for the slot syndrome and grade creep.
The rule has given us a fund marketplace where we find deceptive selling of Class B shares, deceptive competition with the no-loads, fund brokerage fees fattened to provide soft-dollar and shelf space payoffs, advisory fees fattened to provide revenue-sharing sales push for selling brokers, and adoption of 12b-1 plans in the face of precious little evidence that fund shareholders, on balance, benefit from the pay-outs.
The deck was setting up to shoot no-loads on cat 1.
Instead, look for low-cost annuities, called low-loads or no-loads, which typically cost less than bank annuities.
Load funds, those that levy sales charges at the point of sale (resulting in less money being put to work as an investment), were encountering stiffer competition from no-load funds (which financed sales out of annually collected expenses), (84) and, as noted above, the fund industry was shrinking due to net redemptions.
True "no-load" funds will not have sales charges or 12b-1 fees.