What does ‘No Load’ mean?

 

‘No Load’ means you don't pay any fees when you purchase or sell your Investment Fund. Some mutual funds purchased through other fund companies have either a front-end or a back-end load structure. The type of load refers to the timing of when the fee is charged. Front-end means you pay up front. Let's assume that you have $10,000 to invest and the load fee is 2%. That would equal a fee of $200, which is then subtracted from your $10,000. So you really would invest $9,800. You don't pay any fees after that.

A back-end load or Deferred Sales Charge (DSC) means that you pay the fees when you sell your investment. Usually if you sell during the first seven years, you pay a percentage of the original purchase amount or the value of your account on that day. These fees are charged in order to pay the advisor for giving you advice.

At Tangerine Investment Funds Limited, we sell funds on a ‘No Load’ basis, which means you never pay a fee to buy or sell your funds.