Business and Personal Finance Dictionary

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• NO-LOAD FUND
  
  A mutual fund that does not charge a sales charge when you buy or sell shares and has a 12b-1 fee of 0.25% or less For some no-load funds, a brokerage firm may charge a transaction fee on some transactions. Other fees and expenses apply to a continued investment in a mutual fund. Please carefully review the mutual fund's prospectus for details.
  
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