The fee that is assessed as a percent of the net asset value of a mutual fund account annually to pay for advertising,marketing,and distribution costs of the fund is called a

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The fee described is the 12b-1 fee which is assessed annually as a percentage of the net asset value of a mutual fund account to pay for advertising, marketing, and distribution costs of the fund. Front-end load is a one-time fee charged when purchasing shares in a mutual fund, management fee is a fee paid to the investment adviser for managing the fund's portfolio, and contingent deferred sales charge is a fee charged when redeeming shares in a mutual fund within a certain period of time after purchase.

The Fee That Is Assessed as a Percent of the Net