Products第 9 / 110 题
A 12b-1 fee charged by a mutual fund is used primarily to pay for:
a.Distribution and shareholder servicing costs, such as marketing and compensation to selling firms
b.The portfolio manager's advisory fee
c.Brokerage commissions incurred when the fund trades securities
d.Custodial and transfer agent recordkeeping only
解析
Rule 12b-1 under the Investment Company Act of 1940 permits a fund to use fund assets to pay for distribution and shareholder servicing, and the fee is deducted from assets annually rather than charged at the point of sale. The advisory fee, portfolio transaction costs, and custodial fees are separate expense line items disclosed in the prospectus.
法律依据: Investment Company Act of 1940免费刷完整 110 道题库 — 无需注册。
同考点相关题目
- A customer wants to invest $24,000 in a fund whose next breakpoint occurs at $25,000. The representative processes the $24,000 order without mentioning the breakpoint. This conduct is best described as:
- Which statement about a letter of intent (LOI) for mutual fund breakpoints is correct?
- Rights of accumulation differ from a letter of intent in that rights of accumulation:
- 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?