No load mutual fund

An open-end investment company, shares of which are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true "no load" fund will have neither a sales charge nor a distribution fee. The New York Times Financial Glossary

Financial and business terms. 2012.

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  • no-load mutual fund — An open end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12b 1 fees. A true no load fund has neither a sales charge nor a distribution fee. Bloomberg Financial… …   Financial and business terms

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  • Mutual fund — Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek …   Financial and business terms

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  • load — A sales charge paid by an investor in some mutual fund shares or annuities. The sales charge may be a front end charge, a back end charge, or a 12b 1 charge. Also, an expression used to describe a mutual fund that imposes sales charges on… …   Financial and business terms

  • Load — A sales charge or commission charged to an investor when buying or redeeming shares in a mutual fund. The fee may be a one time charge at the time the investor buys into the mutual fund (front end load), when the investor redeems the mutual fund… …   Investment dictionary

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