No Load Fund
|
| ||
| Mutual Fund offered by an open end investment company that imposes no sales charge (load) on its shareholders. Investors buy shares in no-load funds directly from the fund companies, rather than through a broker as is done in load funds. | ||
|
Additional Comments:
Many no-load fund families allow switching of assets between stock, bond, and money market funds. The listing of the price of a no-load fund in the newspaper is accompanied by the designation NL. The net asset value, market price and offer prices of this type of fund are exactly the same, since there is no sales charge.
|
Related Terms: | ||
Sales Load The sales fee that the buyer pays in order to acquire an asset. ... Closed-Ended Funds Closed-ended funds, like their more populous and popular open-ended cousins, are investment companies set up to ... Open-end Funds An open-end fund sells shares on a continuous basis. Mutual funds are the most conventional type of ... | ||
« Back | Stock Market Dictionary »
Latest Financial Advice
- Investing in the World of Blockchain Gaming
- Investing in Blockchain: Beyond Cryptocurrencies
- Uncover the Prospects of Decentralized Finance Investment
- Altcoins Investing: Your Ultimate Guide
- Understanding ICOs: Examining Their Pros and Cons
- Unlocking Profits: Investing in Blockchain Technology Companies
- Unlocking Potential: Tokenization and Investment
Free Investment Advice
| Get free stock market tips and investing advice by subscribing to our newsletter: |
* Your information will not be shared or sold. |
Recommended Reading
Categories
- Trading Basics
- Investing 101
- Investing Essentials
- Understanding the Risks
- Beginning to Trade
- Trading Strategies
- Trading Psychology
- Retirement Investing
- Personal Finance
- Advanced Trading
- Penny Stocks
- FOREX Trading
- Commodity Futures
- Stock Tips
- Going Public
- Real Estate
- Research Tools
- Stock Spam
- Reviews
- Stock Market Dictionary
RSS