Like the 401(k), the 12 .....-1 fund is named after a section of a federal law - in this case, the Investment Company Act of 1940; the charge is for marketing and distributing the fund - in other words current investors foot the bill to win new investors. (*) a (*) b (*) c (*) d
This is a companion discussion topic for the original entry at https://english.best/questions/10232,like-the-401k-the-12-___-1-fund-is-named-after-a-section-of-a-federal-law-in-this-case-the-investment-company-act-of-1940-the-charge-is-for-marketing-and-distributing-the-fund-in-other-words-current-investors-foot-the-bill-to-win-new-investors/