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