What is a 12b-1 fund? Can such a fund operate as a no-load fund?
Also known as hidden loads, 12b-1 fees have been allowed by the Securities and Exchange Commission (SEC) since 1980 and were originally designed to help no-load funds cover their distribution and marketing expenses. The fees are assessed annually and can amount to as much as 1 percent of assets under management. The SEC set a 1 percent cap on annual 12b-1 fees and, perhaps more significantly, stated that true no-load funds cannot charge more than 0.25 percent in annual 12b-1 fees (otherwise, they must drop the "no-load" label in their sales and promotional material).
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Activity R on a CPM network has predecessors M and N, and has successor S. R has duration 5. N's late finish is 18, while M's is 20. S's late start is 14. Which of the following is definitely true?
A) R is critical and has zero slack. B) R has no slack but is not critical. C) The set of times cannot all be possible. D) N is a critical activity. E) S is a critical activity.
Demand for a particular type of battery fluctuates from one week to the next. A study of the last six weeks provides the following demands (in dozens): 4, 5, 3, 2, 8, 10 (last week)
(a) Forecast demand for the next week using a two-week moving average. (b) Forecast demand for the next week using a three-week moving average.