A No Load Mutual Fund | Mutual Funds | What are they?

A No Load Mutual Fund

A No Load Mutual Fund | Mutual Funds

The premium of a net asset value, generally 6% to 8-1/2%, charged by open-end investment companies to cover sales commissions and all other distribution costs on the sale of new shares. Depending upon the fund's structure, charges may be incurred when the shares are purchased, during the period they are held, or when they are redeemed/sold.

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• Hedge Fund Terms and Definitions

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