No-Load Mutual Fund
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).
Concept at a glance
Definition and explanation
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). [1]
Source-supported connections
Frequently asked questions
What does No-Load Mutual Fund mean in the cited reference?
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). [1]
No-Load Mutual Fund connection map
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Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.