Definitions for "No-load"
Keywords:  nav, mutual, load, commission, arbor
Without any sales charge. opposite of load.
Funds that do not charge a load. Note: Funds can impose a sales charge of up to 1% and still be considered no-load.
No-load means no initial sales commission fee. No-load refers only to up-front sales commission charges. Many no-load funds have other fees (see 12b1 and Early Redemption). Nevertheless, no-load funds tend to be the best way to invest in mutual funds because more of your money is going to work for you.