Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Mutual funds pass their expenses on to their shareholders. _____ is a flat basis point fee assessed against the net assets of the fund and
Mutual funds pass their expenses on to their shareholders. _____ is a flat basis point fee assessed against the net assets of the fund and is awarded to the portfolio manager and mutual fund company. The ____ is part of the funds annual expenses intended to cover administrative and marketing expenses.
A) The management expense; 12b-1 fee |
B) The operating expense; 12b-1 fee |
C) The sales load; contingent sales charge |
D) The operating expense; sales load |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started