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).
Every news person and no-load fund purveyor says folks are better off investing in no-load mutual funds, and things are better still if the investing is done in an index.
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.
With a no-load fund, the purchase price of the fund's shares is equal to its "net asset value," or NAV (see page 184).
"[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.
Even those without an advisor can roll it into a no-load fund family, Ritter adds.
Figure 16.2 compares the after-tax accumulation of a variable annuity with a no-load fund over various accumulation periods assuming: a $25,000 initial investment; a 9% pre-tax rate of return (after investment management expenses); a 1% annual charge in excess of the annual mutual fund expenses; a 34% combined federal and state income tax rate; annuity payments/withdrawals that commence after age 59% (no 10% penalty); and no surrender charges on the annuity after year five.
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.