An open-end investment company whose shares are sold without a sales charge. There can be other distribution charges, however, such as Article 12B-1 fees. A true no-load fund has neither a sales charge nor a distribution fee.
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Aggressive growth mutual fund
Aggressive growth mutual fund A mutual fund designed for maximum capital appreciation that places its money in companies with high growth rates.
Asset allocation mutual fund
Asset allocation mutual fund A mutual fund that rotates among stocks,
bonds, and money
market securities to maximize return
on investment and minimize risk.