SIE - Securities Industry Essentials Exam
Load mutual funds usually have higher annual expense ratios than no load mutual funds because
No load fees never charge 12b-1 fees.A
The maximum 12b-1 fee in a no load fund is .25%.B
Sales charges increase the annual expense ratios in load funds.C
No load funds never have any fees.D
The max 12b-1 fee a no load fund can charge is .25%. Some of them charge the fee, some don't. Sales charges are not considered part of the annual expense ratio in load funds.