Additional Fees
Mutual funds charge certain fees besides sales charges that come out of the funds’ assets. Mutual funds are managed by an investment adviser or a portfolio manager. These managers are typically paid well for their expertise.
Recall that 12b-1 fees are fees that are charged to recoup the expenses of selling, marketing, and distributing the fund. They include advertising costs, such as printing materials and mailing prospectuses. They also include the salaries of the salespeople. However, they do not include transaction costs for buying and selling