ProductsCâu 13 / 110
Which statement most accurately describes Class B mutual fund shares?
a.They carry a front-end sales charge and the lowest annual expenses of any class
b.They may be redeemed at any time with no sales charge of any kind
c.They pay no 12b-1 fee because the sales charge is deferred
d.They carry a contingent deferred sales charge that declines each year and typically convert to Class A shares after a set period
Giải thích
Class B shares are sold without a front-end load but impose a back-end charge that steps down annually and eventually disappears, after which the shares usually convert to the lower-expense Class A shares. During the deferred-charge period Class B shares carry higher 12b-1 fees, not none. Redeeming early does trigger the CDSC.
Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A fund may describe itself as "no-load" only if its annual 12b-1 charges do not exceed:
- A 45-year-old investor has $250,000 to invest for retirement in about 20 years and expects to add money over time. Which share class is generally most appropriate?
- An investor plans to place $15,000 in a fund but expects to need the money in about two to three years. Which share class is generally most suitable?
- A fund's expense ratio represents:
- When a shareholder redeems open-end fund shares, the fund must transmit payment within:
- To be classified as a diversified investment company, a fund must satisfy the 75-5-10 test, which requires that:
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