What is a “no-load” fund?
A no-load fund is a mutual fund or insurance product that does not have a sales charge associated with it. A loaded fund typically has an “A” “B” or “C” associated with the fund name. The sales charge may be upfront or deferred. Some fees may be as high as 5% per purchase. A no-load fund has 0% for the sales charge and typically has lower fund expenses as well. Often this is expressed as an “F” share or no letter listed after it at all. See your fund prospectus for more details.
