Net Asset Value per Share is not known at the time that an order is placed since it is reflection of closing security prices within the fund. No Load fund is a fund that typically can be purchased without commission. Brokers will usually have the right to charge a commission on the purchase similar to a front load fund. No Load funds are can be charged a redemption fee at the discretion of the broker. An open-end mutual fund continuously issues and redeems units.
Most mutual funds are open-ended.
Sales or redemption fees are also excluded. Current Rates of Return - The current rate of return is the annual rate of return on an investment. For a stock, it is calculated by dividing the annual dividend by the current market price. Rear Load - See Deferred Load. Risk can take several forms, some of which are financial risk, political risk, operational risk, environmental risk.