No-Load Fund

What does it mean?
A mutual fund whose shares are sold without a commission or sales charge as the shares are distributed directly by the investment company.

In Other Words...
Since there is no cost for you to enter a no-load fund, all of your money is working for you. Most studies show that loads don't outperform no-loads.

Related Links
Mutual Fund Fees - An article by the Securities and Exchange Commission on fees and loads involved with mutual funds.

Mutual Fund Basics Tutorial - Learn about the basics--and the pitfalls!--of investing in mutual funds.

Related Terms
Exchange Privilege | Load Fund | Mutual Fund | Net Asset Value

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