SEC rule 12b-1 allows managers of certain funds to deduct __________ expenses from fund assets,however,these expenses may not exceed __________ of the fund's average net assets per year.

Question

Quizplus · Accepted Answer

SEC rule 12b-1 allows mutual fund managers to deduct marketing and distribution expenses from fund assets, but these expenses are capped at 1% of the fund's average net assets per year.

SEC Rule 12b-1 Allows Managers of Certain Funds to Deduct