No-load mutual fund

No-load mutual fund
You buy a no-load mutual fund directly from the investment company that sponsors the fund. You pay no sales charge, or load, on the fund when you buy or sell shares.

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.

No-load mutual fund: A mutual fund that does not charge a sales commission (or load) when shares are bought or sold. Transaction fees may apply.
Nominal rate: The stated interest rate that is paid on an investment. Does not include compounding.

No-Load Mutual Fund or No-Load Scheme
It refers to the fund that does not charge any load for buying or selling its units.
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No-Load Mutual Fund
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.
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No-load Mutual Fund
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.
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A no-load mutual fund that is allowed to use fund assets to pay for its distribution costs. The 12B-1 plan mutual fund is an alternative to paying the sales fees encountered in loaded funds.

The Best Performing No-Load Mutual Funds. A mutual fund is a basket of dozens of stocks, usually in a particular sector, selected...
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Related: Load fund, no-load mutual fund. 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.

There are load and no-load mutual funds. The term load describes a fee paid to purchase or sell a load mutual fund. There are two kinds of loads: front-end loads and back-end loads. A front-end load is paid when you buy a load mutual fund.

12B-1 FEE - A number of load and no-load mutual funds levy 12b-1 fees on the value of your mutual fund ...
12B-1 FEES - The percent of a mutual fund's assets used to defray marketing and distribution expenses. ...

A mutual fund that does not impose a sales commission. Related: Load fund, no-load mutual fund.
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price per share at which a new distribution of securities is offered to the public, also known as the public offering price. In no-load mutual funds, the offering price is equal to the Net Asset Value of the securities offered for sale.

net asset value
The market value of a mutual fund's total assets, after deduction of liabilities, divided by the number of outstanding shares; the per share price of no-load mutual funds.
net income
Sales less all expenses and taxes.

No-load mutual fund A mutual fund without upfront sales charges or distribution fees. However, no-load funds still incur management fees and 12b-1 fees. Nonrecourse debt Debt for which the borrower is not personally liable.

For example, no-load mutual funds ordered by annual operating costs from lowest (best) to highest (worst), dividend-paying stocks ordered by dividend yield from highest (best) to lowest (worst), ...

See also: Expense, Saving, Banks, Bills, Load fund