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Trading Glossary:
12B-1 fees
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Definition: |
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The percent of a mutual fund`s Assets used to defray marketing and Distribution expenses. The amount of the fee is stated in the fund`s prospectus. The SEC has recently proposed that 12B-1 fees in excess of 0.25% be classed as a load. A true no Load fund has neither a Sales charge nor a 12b-1 fee. |
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