NL is also a common abbreviation
in the canadian (and probably elsewhere) mutual fund
industry for "No Load
" - ie, no commission
fee charged. This is a little misleading, as all mutual funds have a hidden fee in the form of administrative fees taken out directly by the mutual fund company, usually expressed in percentage form as a Management Expense Ratio
, or MER
, but No Load funds are still the ones with the least commission being charged.
Other load types include FE, or Front-End Load (also called ISC, Initial Sales Charge), and DSC, or Deferred Sales Charge, also called Back-End Load.
canadian finance metanode