Which of the following are annual mutual fund expenses?
I. Management fees.
II. RRSP trustee fees.
III. DSC.
IV. Switch fees.

Question

Quizplus · Accepted Answer

I. Management fees are an annual expense that mutual fund investors must pay to cover the costs of the fund manager's expertise and administration.
II. RRSP trustee fees are an annual expense charged by the trustee of an RRSP account to manage the account on behalf of the investor.
III. DSC, or deferred sales charges, are not an annual expense but rather a penalty fee investors must pay if they sell their mutual fund before a specified date.
IV. Switch fees are not an annual expense but rather a fee charged when an investor transfers their investment from one mutual fund to another within the same fund family.

Which of the Following Are Annual Mutual Fund Expenses