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Summary: Identify a no-load mutual fund by looking for a fund that a has a prospectus that does not list upfront or back end fees. Be aware of A, B and C share mutual funds that charge fees with help from an investment manager in this free video on mutual funds.
Gregory Bramwell-Smith is relationship and portfolio manager at Bramwell-Smith Associates. He has more than a decade of experience in financial services, with 15 years of sales...read more
"So how to tell if a mutual fund is a no load mutual fund. The load on a mutual fund is the either upfront or back end fee that you'll pay basically at commission sale for that fund. Now a no load mutual fund doesn't charge those fees to you. What they do is they take out of their profits and their fees that are buried in the fund, just their operating fees. They pay a renumeration to the broker or the sales person who is selling you those things so the load actually is less than a loaded fund but there is a fee that they take care of the sales process with and if you want to look for a no load fund really what you should look for is a fund where in the prospectus you will see no loads, no upfront fees, no back end fees and be aware that there are a, b, and c share mutual funds. If you want to avoid the load just make sure that you aren't seeing any of those share classes listed and look in the prospectus for the upfront or load fees."
eHow Article: How to Identify a No-Load Mutual Fund
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