SIE - Securities Industry Essentials Exam

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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

Explanations

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.

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