low-load fund

(redirected from Low-Load Funds)

Low-load fund

A mutual fund that charges a sales commission of 3.5% or less for the purchase of shares.

Low-Load Fund

A mutual fund in which the load or sales fee that one must pay to the fund is low compared to other funds. Generally speaking, a low-load fund has a load between 1% and 4% of the value of the shares purchased or sold. Low-load funds became popular in the 1980s.

low-load fund

An open-end investment company with a sales charge ranging from 1 to 3% of the net amount invested by a shareholder, as opposed to charges of up to 9.3% on regular load funds and no charges on no-load funds. Low-load funds gained popularity in the mid-1980s, a period that witnessed renewed public interest in investment companies of all types.
Mentioned in ?
References in periodicals archive ?
FUND QUICKLIST(TM): Enables you to sort nearly 1,000 no-load and low-load funds by several criteria that meet your personal preference: by fund type and objective, investment minimum, fees, etc.
Load, no-load, and low-load funds will all be available, at a flat transaction cost of $25.
Schwab was an early pioneer in offering a variety of no-load and low-load funds through it Marketplace in 1984.
Currently more than 1,500 no-load and low-load funds are available to financial advisors through the Schwab Mutual Fund Marketplace(R).
These funds are designed to complement the funds available in our Mutual Fund Marketplace( where investors can buy and sell over 500 no-load and low-load funds and pay a modest transaction fee.
I'm also pleased to report that we have recently added more than 100 no-load, no-fee mutual funds to the more than 1500 load and low-load funds which we support.