What is a key feature of no load funds?

No load funds are characterized by the absence of a sales charge or commission when shares are bought or sold. This means that investors can purchase shares directly from the fund management without incurring additional fees, making it an attractive option for those looking to minimize costs associated with investing. By avoiding these charges, investors can allocate more of their money directly into the investment itself, rather than paying upfront fees to brokers or sales agents.

The other features mentioned, such as high management fees or front-end load costs, do not apply to no load funds, as one of their primary advantages is offering a cost-efficient way to invest without these additional financial burdens. Additionally, while some funds can be traded on stock exchanges, the defining aspect of no load funds is specifically their commission structure, rather than their trading platform.