As of Jun. 4, 2003, it had an expense ratio of 1.75% and charged a 12b-1 fee of 0.25%.
The portion of the ratio that's labeled a 12b-1 fee might go to your adviser, while the rest goes to managing the fund and other expenses.
In most cases--including John Hancock--here's what the R class means: The firm each year will take 50 basis points---one-half of 1%--in expenses off the assets under management in the form of a so-called 12b(1) charge, authorized for marketing expenses.
New and disturbing language in a prospectus covering six new SSgA ETFs infers that State Street is willing to pay up to a 0.25 percent 12b-1 fee to brokerage houses for marketing exposure.
The Securities and Exchange Commission recently put a proposal out for comment about mutual fund 12b-1 fees.
FORBES: Don't Get Too Comfortable Just Because The SEC Is Examining Mutual Fund Fees
Last spring E-Trade, whose supermarket is still tiny, disquieted higher-cost rivals by announcing it would rebate up to half of the 12b-1 marketing fees (a component of some expense ratios) and other supermarket charges to customers.
Recognizing that this raises costs for all its investors, even those who buy directly from Davis, the fund sponsor created a new share class for each fund without the 12b-l fee for direct investors.
ETFs are a great deal for investors because the fees are low relative to traditional funds that pay 12b-1 fees.
The court heard an estate agent was given the job of selling 12B King Street in Margate on behalf of the district council, which had owned it for a number of years, in 2008.
The court heard evidence from an estate agent who was given the job of selling 12B King Street in Margate on behalf of the district council, which had owned it for a number of years, in 2008.
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