Series 6 - Investment Company And Variable Contracts Products Representative Exam

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What is the maximum amount that a fund can charge as a 12b-1 fee and still call itself a no-load fund?

0.10% of average net assets
A
0.15% of average net assets
B
0.25% of average net assets
C
0.75% of average net assets
D

Explanations

A fund may not refer to itself as no-load if it charges more than 0.25% of average net assets for 12b-1 fees.

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