[Series 65] 28, Mutual Fund Costs 12b-1 Fees and Expenses

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key components of a mutual fund's expense ratio, including management fees. - The purpose of 12b-1 fees and the specific rules that dictate whether a fund can be marketed as "no-load". - The differences between load funds (Class A, B, C shares) and no-load funds. - How to analyze the long-term impact of fees on an investor's total return, a critical concept for suitability questions. - A mnemonic to remember the primary ongoing costs associated with mutual funds. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep