Selling your back-end load mutual fund shares might result in a charge called the:

Question

Quizplus · Accepted Answer

The charge incurred when selling back-end load mutual fund shares is called the redemption fee. This fee is typically a percentage of the amount being redeemed and is meant to discourage investors from selling too quickly and negatively impacting the fund's performance. The other fees listed (usage fee, management fee, recordkeeping fee, and 12b-1 fee) are all different types of fees that may be associated with mutual funds, but they are not directly related to the sale of back-end load shares.

Selling Your Back-End Load Mutual Fund Shares Might Result in a Charge