The Schwab no-load has a slightly lower expense ratio (35 basis points) and a higher turnover (27%).

FORBES: Betting Against Market Fads

The current rulemaking orgy comes as three out of four investors can't define an "expense ratio" and two-thirds think "no-load" funds are free (in truth, they don't charge a fee to start an account, but they do take annual charges for expenses).

FORBES: OutFront

The AmSouth Small Cap Growth Fund, with a 5.5% load and 1.6% expense ratio, has beaten the Target Small Capitalization Growth Fund, which is a no-load and charges 1%.

FORBES: 2004 Mutual Fund Survey