from The American Heritage® Dictionary of the English Language, 4th Edition
- adj. Business Sold directly to customers at net asset value without a sales commission: a no-load mutual fund.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- adj. Sold directly to a customer without a sales commission.
- adj. Not supplying power; open-circuited.
Sorry, no etymologies found.
Even "no-load" fund companies use them, to pay discount brokerage firms to carry their products in fund supermarkets.
A buy-and-hold investor in a no-load broad-market index fund can minimize these costs, paying as little as 12 cents per hundred dollars per year for management and nothing for trading, research, or capital gains taxes.
The $180 product has a no-load speed of up to 2,200 rpm and the same number of impacts per minute.
Many investors already have access to Mr. Gross's talents on Total Returm at a low cost through 401k plans; some do-it-yourselfers buy no-load Managers Pimco Bond , whose 0.58% expense ratio is even lower than the fees on no-load shares of Pimco Total Return available through discount brokers.
The funds in the chart are all no-load, which means there's not a brokerage fee to buy them.
Top-performing no-load equity income funds the past five years.
Advisory accounts that include mutual funds often use load-waived or no-load shares of those funds.
"I once told an investment group, 'My greatest fear is that Capital Group will go no-load," said John Bogle , founder of Vanguard.
Click here to get on board now and get turned onto no-load funds like Matthews China (MCHFX) and Ariel Appreciation (CAAPX).
The proposal would not affect "no-load" funds, which typically do not charge such fees.
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