No-load meaning

nō'lōd'
Not charging a fee when shares are purchased or redeemed.

A no-load mutual fund.

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Designating or of mutual funds charging no commissions on sales.
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A no-load mutual fund.
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(US, especially of a financial instrument) Sold directly to a customer without a sales commission.
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(electricity) Not supplying power; open-circuited.
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A term used to refer to a mutual fund that has no sales charge. It is in contrast to a load mutual fund, which does have a sales charge that pays the person selling it a commission and covers other marketing charges. However, the fund still charges an asset-management fee based on a percentage of the assets under management, which provides its profit.
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