No-load mutual fund

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No-load mutual fund

An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee.

No-Load Mutual Fund

A mutual fund that does not charge shareholders a sales charge or commission. Some no-load funds charge a distribution fee, which is a small percentage of the amount one invests used to cover the fund's costs. Other no-load funds, however, do not have distribution fees. Some investors prefer no-load funds because the total amount of their investment is used to purchase shares with little or no deduction. Studies have shown that no-load funds perform neither better nor worse than load funds. See also: 12B-1 fee.

No-load mutual fund.

You buy a no-load mutual fund directly from the investment company that sponsors the fund. You pay no sales charge, or load, on the fund when you buy or sell shares.

No-load funds may charge a redemption fee if you sell before a certain time has elapsed in order to limit short-term turnover.

Some fund companies charge an annual fee, called a 12b-1 fee, to offset their marketing costs. Your share of this fee is a percentage of the value of your holdings in the fund.

You may also be able to buy no-load funds through a mutual fund network, sometimes known as a mutual fund supermarket, typically sponsored by a discount brokerage firm. If you have an account with the firm, you can choose among no-load funds sponsored by a number of different investment companies.

Load funds and no-load funds making similar investments tend to produce almost equivalent total returns over the long term -- say ten years or more. But it can take an investor nearly that long to offset the higher cost of buying load funds.

References in periodicals archive ?
This decision was then followed by other organizations around the globe who tightened the efficiency and no-load power consumption limits, many of which are still evolving.
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Similarly, according to FEA results a relative cogging torque [T.sub.cogg_max_FEA%] as a maximum value of cogging torque [T.sub.cogg_max_FEA] expressed as percentage to [T.sub.e_max_FEA] achieved at no-load stator currant [I.sub.s] = 0 and [I.sub.DC] = 0 has been also estimated and recorded in Table I.
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Other features include universal input, PFC, soft-start operation, Vout OK indicator, and no-load operation.
The company, led by Axel Merk, who identified the building of the credit bubble in 2003 and in 2005, positioned his clients to move out of real estate and the faltering dollar by investing in hard currencies and gold, says the "no-load" mutual fund seeks to generate positive absolute returns by investing in currencies.