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Whats the difference between a “load” fund and a “no-load” fund?

April 26, 2017difference fund load no-load

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Whats the difference between a “load” fund and a “no-load” fund?

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A “load” is a sales charge assessed by some mutual fund companies. A “no-load” fund does not assess a sales charge and other advertising and marketing fees (i.e., 12b-1 fees) in excess of .25% at either the purchase or sale of the fund shares.