no-load fund

no-load fund
A type of mutual fund that does not impose extra charges for administrative and selling expenses incurred in offering its shares for sale to the public.

Dictionary from West's Encyclopedia of American Law. 2005.


no-load fund
A type of mutual fund that does not impose extra charges for administrative and selling expenses incurred in offering its shares for sale to the public.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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  • load fund — load′ fund n. bus a mutual fund that carries transaction charges, usu. a percentage of the initial investment …   From formal English to slang

  • Load Fund — A mutual fund that comes with a sales charge or commission. The fund investor pays the load, which goes to compensate a sales intermediary (broker, financial planner, investment advisor, etc.) for his or her time and expertise in selecting an… …   Investment dictionary

  • Load fund — A mutual fund with shares sold at a price including a large sales charge typically 4% to 8% of the net amount indicated. Some no load funds have distribution fees permitted by article 12b 1 of the Investment Company Act; these are typically 0.… …   Financial and business terms

  • load fund — A mutual fund that sells shares with a sales charge typically 4% to 8% of the net amount indicated. Some no load funds also levy distribution fees permitted by Article 12b 1 of the Investment Company Act; these are typically 0. 25%. A true no… …   Financial and business terms

  • load fund — noun A mutual fund such that it charges sales load. Ant: no load fund …   Wiktionary

  • No-Load Fund — A mutual fund in which shares are sold without a commission or sales charge. The reason for this is that the shares are distributed directly by the investment company, instead of going through a secondary party. This is the opposite of a load… …   Investment dictionary

  • no-load fund — A mutual fund that does not impose a sales commission. Related: load fund, no load mutual fund. Bloomberg Financial Dictionary * * * no load fund no load fund ➔ fund1 * * * no load fund UK US noun [C] FINANCE …   Financial and business terms

  • No-load fund — A mutual fund that does not impose a sales commission. Related: load fund * * * no load fund no load fund ➔ fund1 * * * no load fund UK US noun [C] FINANCE ► a type of investment where there is no charge when you buy or sell shares in it: » …   Financial and business terms

  • no-load fund — noun A mutual fund such that it charges no sales load. Ant: load fund …   Wiktionary

  • load fund — a mutual fund that carries transaction charges, usually a percentage of the initial investment. * * * …   Universalium

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