The Bruin Stock Fund sells Class A shares that have a front-end load of 5.3 percent, a 12b-1 fee of 0.32 percent, and other fees of 1 percent. There are also Class B shares with a 5 percent CDSC that declines 0.5 percent per year, a 12b-1 fee of 1.45 percent, and other fees of 1.00 percent. Assume the portfolio return is 13 percent per year. After 5 years: $1 invested in the Class A shares is worth $1.71 and $1 invested in the class B shares is worth $1.66 They are worth the same amount $1 invested in the Class A shares is worth $1.65 and $1 invested in the class B shares is worth $1.61 $1 invested in the Class A shares is worth $1.65 and $1 invested in the class B shares is worth $1.75 Which of the following would not be included in the expense ratio for a mutual fund? 12b-1 fees all of the above included in the expense ratio front-end load management fees