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- 1 decade agoFavorite Answer
It's an expense that accrues daily, but is generally shown as an annual percentage. In some cases if you buy a share class with a 12b-1 fee, you be switched to a class without a 12b-1 fee after a certain number of years. You should generally try to stay away from these, there are plenty of good mutual funds without them.
- 1 decade ago
the fee covers promotion, distribution, and marketing expenses. sometimes it pays commission to broker
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