Marketing expenses on mutual funds are covered by a

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Marketing expenses on mutual funds are covered by a 12b-1 fee, which is a fee charged annually by a mutual fund to cover marketing and distribution expenses. This fee is included in the fund's expense ratio, and can range from 0.25% to 1% of the fund's assets. No-load funds do not charge upfront sales commissions, but may still charge 12b-1 fees. The NAV (net asset value) represents the value of a mutual fund's holdings, and does not directly relate to marketing expenses.

Marketing Expenses on Mutual Funds Are Covered by a