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No-Load Fund |
Also found in: Financial | 0.02 sec. |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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