SIE Exam Question 830: Answer and Explanation

Question: 830

Which of the following is a fee deducted from a mutual fund's assets to pay for marketing and distribution costs associated with operating the fund?

• A. Accounting fee
• B. Custodial fee
• C. Transfer agent fee
• D. 12b-1 fee

Correct Answer: D

Explanation:

The 12b-1 fee is deducted from a mutual fund's assets to pay for marketing and distribution costs associated with operating the fund.