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no-load

American  
[noh-lohd] / ˈnoʊˌloʊd /

adjective

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


Etymology

Origin of no-load

First recorded in 1950–55

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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 • Jan. 30, 2020

In fact, many no-load advocates like McGuinness say index-style funds are the way to go.

From US News • Sep. 12, 2016

More ingenious come-ons might entice players to visit no-load mutual funds aiming at young people with no previous exposure to the world of finance.

From The Wall Street Journal • Aug. 5, 2016

Turnover at the no-load fund is a mere 8%.

From Forbes • Mar. 26, 2014

As he closed the switch, on no-load, the electrostatic voltmeter flopped over instantly, and steadied at just over 80,000 volts.

From The Ultimate Weapon by McConnell, Gerald

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