ProductsCâu 10 / 110
A fund may describe itself as "no-load" only if its annual 12b-1 charges do not exceed:
a.1.00% of average net assets
b.0.75% of average net assets
c.0.25% of average net assets
d.There is no limit, because no-load refers only to the absence of a front-end charge
Giải thích
FINRA permits the no-load label only when combined asset-based sales and service charges stay at or below 0.25% per year. The 0.75% figure is the cap on the distribution portion alone, and 1.00% is the total ceiling on 12b-1 charges for a fund that does not claim to be no-load. A fund with meaningful ongoing distribution fees is not truly no-load even without a front-end charge.
Trích dẫn luật: FINRA Rule 2341 (Investment Company Securities)Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which statement about a letter of intent (LOI) for mutual fund breakpoints is correct?
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