SIE practice questioneasyMutual Fund Share Classes
Class B mutual fund shares generally have which of the following features?
- ALower 12b-1 fees than Class A shares
- BNo sales charge under any circumstance
- CFront-end load at purchase
- DDeferred sales charge (back-end load) if redeemed early✓ Correct answer
Explanation
Why D — Deferred sales charge (back-end load) if redeemed early
Class B shares commonly carry a contingent deferred sales charge if redeemed during the early holding period and often have higher ongoing 12b-1 fees. Front-end loads are more typical of Class A shares.
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