When investors switch between funds within the same fund family,mutual funds may charge

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When investors switch between funds within the same fund family, mutual funds may charge an exchange fee. This fee is usually lower than a contingent deferred sales charge or a redemption fee, which are charged when investors sell their shares. 12b-1 fees are charged for marketing and distribution expenses, and an account maintenance fee is typically assessed for account holders who fall below a certain balance or activity level.

When Investors Switch Between Funds Within the Same Fund Family,mutual