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
A is correct; Class B shares often have a contingent deferred sales charge if sold within a certain period. B is incorrect as sales charges can apply. C refers to Class A shares. D is wrong—Class B typically have higher 12b-1 fees.
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