The meaning and definition of 12b-1 fee - Part of
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Posted On: 03/15/2013 10:44:38 PM
The meaning and definition of 12b-1 fee -
Part of the overall expense ratio of mutual funds, this is an annual fee to cover a mutual fund's marketing and distribution cost and is disclosed in a fund's prospectus. Not all funds charge this fee, but a fund that charges more than 0.25% in 12b-1 fees cannot advertise as a no-load fund.
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