Dowen, Richard J.; Mann, Thomas - In: American Journal of Business 22 (2007) 1, pp. 21-30
Under rule 12b-1, mutual funds are allowed to charge a fee of up to 100 basis points per year to cover marketing and distribution costs. Under NASD rules, a fund may charge a 12b-1 fee of up to 25 basis points per year and still advertise itself as a no load fund. This fee is used to make the...
