Updated October 08, 2016
The best no-load funds come from the best no-load fund families, which are the mutual fund companies that offer mutual funds to investors. With thousands of mutual funds to choose from and hundreds of different fund families offering them, sometimes finding the best funds can be a challenging task, to say the least.
But finding the best funds can be a simpler task than you might imagine. And the beginning of your search can be with the mutual fund families with the best selection of no-load funds.
Most investors know to avoid mutual fund loads if they want to maximize returns by minimizing mutual fund fees. Many investors also know how to choose high quality mutual funds. But how can an investor find the best low-cost funds without searching all over the mutual fund universe to find them?
Smart investors know that simplicity, in addition to frugality, is a powerful virtue in the art of mutual fund selection: All that is needed to build the best mutual fund portfolio is to choose one good no-load fund family and select five or six of their no-load funds from different types of mutual fund categories.
A fund family is the collective name for a group of mutual funds offered from a particular mutual fund company. Most fund families offer a variety of mutual funds but not all fund families offer a wide variety of high-quality no-load funds from which an investor can build a diversified portfolio.
Here's where to find the best no-loads:
In summary, two of the greatest virtues of successful mutual fund investors include simplicity and frugality. This means that the primary features of index funds -- broad diversification, simple structure, and low expenses -- make them the best investment type for most investors.
And you can expand the simplicity and frugality to your entire investment philosophy: There is no reason to buy loaded funds; there is no reason to buy more than five or six funds; and there is no reason to use more than one fund family.
Any of the three no-load fund families listed above are suited to meet and exceed the needs of the smartest and most frugal of mutual fund investors.