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No-Load Fund

   Also found in: Financial 0.04 sec.

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.


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If investors are interested in keeping costs down, Brewer suggests buying the fund directly or purchasing a no-load fund, which has a management fee but no initial sales charge.
Sheldon Jacobs, publisher of the No-Load Fund Investor newsletter, has done similar research on sector stock funds specializing in single industries or areas, of the economy.
This no-load fund has a minimum initial investment of $1,000, but it is waved for investors who sign up for periodic investing.
 
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