A load fund differs from a no-load fund in that the load fund often borrows to buy securities while a no-load does not.

Name: A load fund differs from a no-load fund in that the load fund often borrows to buy securities while a no-load does not.
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A load fund and a no-load fund both have the ability to borrow to buy securities. The difference between the two is that a load fund charges a sales commission (or load) to investors, while a no-load fund does not.

A Load Fund Differs from a No-Load Fund in That