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 fund managers to deduct marketing expenses from fund assets, with the stipulation that these expenses may not exceed 1% of the fund's average net assets per year.

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