no-load fund

Definition

A mutual fund which doesn't impose a sales or redemption charge, selling and redeeming its shares at net asset value. opposite of load fund.

Use no-load fund in a sentence

It was a no-load fund, which meant it did not impose sales, or redemption charges, which I liked very much.

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No-load fund are great investments for those that are fee sensitive since the funds don't charge any sales or redemption charges.

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No-load funds have a large head start on load funds beacuse fees and charges can greatly errode the relative performance of load funds over time.

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