CFA Practice Question

CFA Practice Question

Management fees are charged
A. only by low-load and 12b-1 plan open-end investment companies.
B. only be load open-end investment companies.
C. by all investment companies.
Explanation: All investment companies charge annual management fees to compensate the managers of the fund. These fees are typically 0.25 to 1 percent of average net assets of the fund and tend to decline with the size of the fund.

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