A no-load fund doesn't charge any sales fee or load.
Commission Free: This means that the commission is paid from the insurance company, not out of the policyholder's principal. This charge, also called Percentage of Premium Charge, is deducted from each premium paid. The percentage may reduce after the contract has been in force for a certain number of years or after the premiums paid in have reached a certain level.
A term used to describe *collective investment schemes that have no sales charges.
It refers to the fund that does not charge any load for buying or selling its units, i.e. the investor can transact at the NAV.
the load cell's condition at its usual physical placement; no force applied; no equipment or load receptors attached
Popular designation of those open-end investment companies that do not levy a sales charge. NL is commonly used in mutual fund columns in the financial section of newspapers. In practice, no load means that both the bid and offer price of the fund are the same (i.e., the net asset value of the underlying shares).
A No Load fund is a fund that typically can be purchased without commission. Brokers will usually have the right to charge a commission on the purchase similar to a front load fund. No Load funds are can be charged a redemption fee at the discretion of the broker.
A term used to describe a mutual fund that does not have a commission or sales charge.
A term used to describe mutual funds that have no sales charges. It's important to remember that even though a no-load mutual fund may not charge a sales charge, the fund will still charge management fees in order to cover its expenses. All fees are outlined in a fund's prospectus.
It is a transaction, particularly for a mutual fund whereby no assessment is charged for either the purchase or redemption of the funds shares. Transactions are executed at the single net asset value. There is no separate and distinct bid and offer price.