KIC000010 - Mutual Fund Costs and Fees Load Share Classes...

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Mutual Fund Costs and Fees Fees - J2b-l , SEC rule which allows the fund 10deduct up to I". annuall)' for fund marketing expenses - Opel'1lting Expenses • AdminisIrativo and 1IlIlIlllgem000t fees deducted annuaIJ)' The sum of the fund s percentage fees is referred to as the total meAU . Returns reported by the fund net of expenses (i.e. expenses have already been deducted). o-load Share Classes o-Ioad share classes have DO front-end load or back-end load and have 8 12b-1 fee of 025 percent or less. Theseili(i~oaJJ}: offered by fund sponsors who sold to in esters, Investors can no purchase no-load funds through employer-spoasored retirement plans, mutual fund supermarkets, discount brokerage firms, and bank trust departments. ,I o-Ioad share classes attract approximately rPto of all new cash flow to stock and bond mutual funds. Mutual Fund Costs and Fees Mutual funds must pay brokerage expenses when buying and selling securities, just like individuals ~.~ More trading
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This note was uploaded on 09/07/2011 for the course FINANCE 320 taught by Professor Sapp during the Fall '10 term at Iowa State.

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KIC000010 - Mutual Fund Costs and Fees Load Share Classes...

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