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TeachMeFinance.com - explain load fund load fund -- a type of mutual fund that charges a sales commission when an investor buys shares. See no load fund. no load fund -- a type of mutual fund that does not charge a sales commission (load fee) when an investor buys shares of the fund. See load fund. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.