Typically Charged Sales Fees by Different Types of Funds

Which funds charge a sales fee when sold?

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Question

Which of these funds typically charge a sales fee when the fund is sold?

I. Funds with contingent, deferred sales loads

II. Funds under 12b-1 plans -

III. Low-load funds -

IV. No-load funds -

V. Closed-end funds -

Answers

A. II only

B. I, II & V

C. I & III

D. I only

E. I, II & III

F. III only

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Explanations

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A. B. C. D. E. F.

Funds with contingent, deferred sales load charges sales fee if the shares are sold before a certain duration, low-funds charge a small sales fee. Not all funds under the 12b-1 plan do necessary charge sales fee. Closed-end funds trade at a discount usually to the NAV.

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