An open-end investment company , shares of which are sold without a sales charge . There can be other distribution charges, however, such as Article 12B-1 fees . A true "no load" fund will have neither a sales charge nor a distribution fee.
NO LOAD MUTUAL FUND
Meaning of NO LOAD MUTUAL FUND in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012