Another name for a mutual fund that doesn't charge a sales load or a contingent deferred sales fee,but does charge an ongoing higher 12b-1 fee is a class ____________ fund.

Question

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Class C funds are also known as level-load funds, as they charge a higher ongoing 12b-1 fee instead of an upfront sales load or deferred sales fee. This ongoing fee is typically around 1% per year and is used to pay for distribution and marketing expenses. While Class C funds may be suitable for investors who plan to hold the fund for a short period of time, they can lead to higher expenses over the long term compared to Class A or Class I funds that do not charge ongoing 12b-1 fees.

Another Name for a Mutual Fund That Doesn't Charge a Sales