QUESTION 103

Kallan has selected the Globex Fund A Shares as meeting her investment objectives. She would like to invest $2 million into the fund, which charges a 5% front-end load. What do you recommend?

a. She should not invest in the Globex Fund because it has a front-end load.

b. She should not invest in the Globex Fund because the A Shares have a higher 12b-1 fee than the B Shares.

c. She should invest in the Globex Fund because it meets her objectives.

d. She should invest in the Globex Fund because it meets her objectives and Globex will likely waive the front-end load.