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No-load Fund
       
 
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No-load Fund

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No-load Fund
A Mutual Fund that does not charge a fee for buying or selling its shares.
        
A Mutual Fund in which shares are sold without a Commission or sales charge. The reason for this is that the shares are distributed directly by the investment company, instead of going through a secondary party. This is the opposite of a Load Fund, which charges a Commission at the time of  the fund's purchase, at the time of its sale, or as a "level-load" for as Long as the investor holds the fund.

As there is no transaction cost to purchase a no-Load Fund, all of the money invested is working for the investor. For example, if you purchase $10,000 worth of a no-load Mutual Fund, all $10,000 Will be invested into the fund.

It should be noted that research shows that load funds don't outperform no-load funds.
Posted by  Privatebanking.com
 
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