No Load Fund
No Load Fund
(1) A mutual fund which charges little or no commission (load charge) to the buyer of its shares. No sales organization is involved. The shares are sold directly to the public by the sponsoring firm.
(2) 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.
For over 1,000 additional terms and definitions please see our Investment Glossary Guide.
Related to No Load Fund:
- Geographical Hedge Fund Guides
- Hedge Fund Employment Guide
- Financial Certification
- Investment Book
- Hedge Fund Terms and Definitions
Tags: No Load Fund, No Load Funds, No Load Mutual Fund, No load Mutual Funds, what is a No Load Fund, what are No Load Funds
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.