No-Load Mutual Fund

{
  "id": "MLC-T-FIN-000265",
  "term": "No-Load Mutual Fund",
  "field": "Finance and investing",
  "definition": "Some mutual funds identify themselves as “no-load” funds. A no-load mutual fund does not charge any type of sales load. But no-load does not mean no fees. Not every type of shareholder fee is a sales load, and a no-load fund may charge fees that are not sales loads (such as purchase fees, redemption fees, exchange fees, and account fees).",
  "references": [
    "SEC Investor.gov Glossary"
  ],
  "url": "https://mlchart.com/terminology/finance/no-load-mutual-fund/"
}