a fund that typically can be purchased without commission
A mutual fund whose shares are sold without a commission or sales charge. The shares are distributed directly by the investment company.
No initial charge on a collective investment scheme. Costs which would normally form part of the initial charge are often covered by a back end charge or a higher than normal annual charge. Very popular in the US and becoming more common in the UK.
A type of mutual fund that does not charge a sales commission (load fee) when an investor buys shares of the fund. See load fund.... read full article
a mutual fund with no sales commissions
A fund that sells its shares directly to investors without a sales charge.
A mutual fund which charges no sales charge on the purchase of shares.
A mutual fund whose shares are sold without a sales charge or commission and without an asset-based distribution fee of more than .25 percent per year.
An investment fund that does not levy an initial charge.
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. 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.
A mutual fund operated by an open-end investment company that does not assess a sales charge.
Mutual fund that does not impose any sales charge or commission for buying and selling the units.