Define: No-load Fund

Business, Legal & Accounting Glossary

Definition: No-load Fund



Advertisement



Full Definition of No-load Fund


A no-load fund is a mutual fund that is offered by an investment company for which no sales charge is levied. A no-load fund is called a no-load fund because in finance, the word load is synonymous with the word commission. Experts will generally recommend a no-load fund over a load fund since all money invested in a no-load fund is working for the investor, no-load funds are more likely to perform better than load funds. A fund called a no-load fund should be examined to ascertain that it truly is a no-load fund. Some firms, for instance, charge a back-end load, meaning that a fee is charged for selling the fund. When comparing the past performance of a no-load fund versus that of a load fund, investors should be sure to factor in the initial loss of the load.


Advertisement




Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/no-load-fund/
Modern Language Association (MLA):
No-load Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 07, 2020 https://payrollheaven.com/define/no-load-fund/.
Chicago Manual of Style (CMS):
No-load Fund. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/no-load-fund/ (accessed: April 07, 2020).
American Psychological Association (APA):
No-load Fund. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/no-load-fund/

Definition Sources


Definitions for No-load Fund are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th February, 2020