Definitions for "No-load funds"
Mutual funds that have no initial sales charge. Beware that some no-loads have other charges and expenses. The best measure of all fees and charges is the five year fee. See also MUTUAL FUND
Mutual funds that are sold without either a front-end or a back-end sales charge and with 12b-1 fees that are 0.25% or less.
No-load funds are non-commissioned funds. B-share funds are NOT an example of a no-load fund, though they are often proclaimed to be non-commissioned funds. True no-load funds allow the investor to buy and sell them without any commission to the advisor.