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.

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?
Results further suggested that women tended to agree more with the following statements: "My brokerage firm recommendations outperform my own investment choices." r=.143, p < .01 "My brokerage firm is equally interested in small investment accounts and large investment accounts." r = .083, p < .05 "If an available no-load fund outperforms a load fund that is offered by the broker, the broker will recommend the better performing product." r = .156, p < .01 "My broker recommends using defensive assets such as money market funds to diversify my portfolio." r = .125, p < .01
I find that load fund investors base fund-trading decisions on previous performance to a greater extent than do no-load fund investors.