A No Load fund is a fund that typically can be purchased without commission. Brokers will usually have the right to charge a commission on the purchase similar to a front load fund. No Load funds can be charged a redemption fee at the discretion of the broker.
A mutual fund that does not charge a fee to buy shares of the fund at the time of purchase or at time of sale.
An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges such as 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee.
A fund offered to the public that carries no purchase fee (front-end load) or redemption fee (back-end load).
A mutual fund that does not charge a sales commission (or load) when shares are bought or sold. Transaction fees may apply.
This type of mutual fund is sold without a sales charge. The sales charge can be charged when purchasing a mutual fund share or charged when redeeming a mutual fund share is added on top of the funds' current price (Net Asset Value). Sales charges can range from 1.5% all the way to 5.75%.
A no-load mutual fund is a fund that has no sales fees to purchase or sell shares of the fund. (A front-end load is a fee to purchase shares; a back-end load is a fee to sell shares.)
Mutual fund that is sold without sales commission.
A mutual fund that has no sales charge when shares are bought or sold. However, a Transaction Fee or Short-term Redemption Fee may apply to some no-load mutual fund transactions.
A mutual fund that has no fee to buy or sell it.
A mutual fund that sells its shares without a sales charge or commission. Investors buy shares of no-load funds directly from the fund companies rather than a broker. Buying a no-load fund is a good way to cut costs. The listing of the price of a no-load fund in the newspaper is accompanied with the designation NL.