A mutual fund that does not assess a sales charge at the time of the investment purchase is called a ____ fund.

Question

Quizplus · Accepted Answer

A no-load fund does not charge a sales charge at the time of investment purchase, making it a more cost-effective option for investors. A low-load fund may still have a sales charge, but it is lower than a typical front-end load. Back-end load funds charge a sales charge when the investor sells their shares, while front-end load funds charge a sales charge at the time of purchase.

A Mutual Fund That Does Not Assess a Sales Charge