No-Load Funds: What Are They and Are They Right For You?

When you're looking to invest in mutual funds, you'll come across two main types: load funds and no-load funds. Load funds charge a sales commission when you buy or sell shares, while no-load funds do not. This can save you money on your investment fees, but there are some other things to consider before you invest in a no-load fund.

What are no-load funds?
No-load funds are mutual funds that do not charge a sales commission when you buy or sell shares. This means that the full amount of your investment goes into the fund, minus any applicable fees. No-load funds are typically sold directly by the fund company, rather than through a broker.