Which of the following statements about mutual fund fees is accurate?
A)the management group receives a fee based upon the amount of assets in the fund
B)the sponsor receives a management fee for buying and selling the fund's portfolio securities
C)the management group receives part of the sales charge in addition to a management fee
D)the custodian receives part of the management fee in addition to a fee for safekeeping of the fund's securities

Question

Quizplus · Accepted Answer

the management group receives a fee based upon the amount of assets in the fund. The management fee is based upon the fund's assets. The sale charge in choice C is received by the fund sponsor (underwriter), which could include the management group but not necessarily.

Which of the Following Statements About Mutual Fund Fees Is