no-load

[ noh-lohd ]

adjective

1. (of a mutual fund or its shares) free of any sales charges.

Word History and Origins

Origin of no-load¹

First recorded in 1950–55

Example Sentences

The best way to achieve your goals is to invest in no-load mutual or exchange-traded funds, preferably with an annual expense ratio below 0.30%.

From Seattle Times

The best way to achieve your goals is to invest in no-load mutual or exchange-traded funds, preferably with an annual expense ratio below 0.30 percent.

From New York Times

It certainly made me wonder whether, with windfalls like these, I should stick with those boring, no-load, low-fee index funds that everyone tells me are the foundation of a smart investment plan.

From New York Times

The fund’s no-load shares have a net expense ratio of 1.65 percent and returned an annual average of 26.4 percent for the five years that ended March 31, compared to 16.3 percent a year for the S&P 500.

From New York Times

Mr. Yoder, who lives in Dallas and retired six years ago from Fannie Mae, said he self-manages eight no-load equity mutual funds in his I.R.A. to avoid an annual fee or other sales charges.

From New York Times