Legal

No-Load Fund

Also found in: Financial.

No-Load Fund

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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive
The no-load Fund will be available to investors in an Institutional Class share (DDJIX) as well as a Class I share (DDJCX) and a Class II share (DDJRX).
The 1970s saw the rise of the no-load fund. This new way of doing business had an enormous impact on the way mutual funds were sold and would make a major contribution to the industry's success.
"[T] he latest no-load fund and [exchange-traded fund] research that is designed to set you free from the high cost of investing forever."
Bank of Alexandria 2 Money Market Fund is a no-load fund denominated in Egyptian pounds and is available for subscriptions at all Bank of Alexandria branches across Egypt on a daily basis.
The open-ended fund, Bank Audi Money Market Fund, is a no-load fund with no subscription or redemption charges.
What is an advantage of buying a no-load fund? What is a disadvantage?
I find that load fund investors base fund-trading decisions on previous performance to a greater extent than do no-load fund investors.
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