Financial Definition of 12B-1 Funds
Meaning of 12B-1 Funds
Mutual funds that do not charge an upfront or back-end commission, but instead take out up to 1.25% of average daily fund assets each year to cover the costs of selling and marketing shares, an arrangement allowed by the SEC’s Rule 12b-I (passed in 1980).
Related Entries of 12B-1 Funds in the Encyclopedia of Law Project
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12B-1 Funds in Historical Law
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Legal Abbreviations and Acronyms
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| Related topics | 12B-1 Funds in the World Encyclopedia of Law |
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