12b-1 fees quiz question

Practice question says max sales charge with 12b1 fees. I answered 8.5%bc question didn’t state fund was charging max 12b-1 but quiz marked wrong and said 7.25% which is only used for max 12b1 am I missing something?

1 Like

Hi @Round_purple_hyena! Thanks for posting.

You’re absolutely right. The maximum sales charge is typically 8.5%, but it’s reduced to 7.25% if the maximum sales charge is assessed. To make the question more clear, we’ll update the language in the question to: ‘Maximum sales charge for funds charging the maximum 12b-1 fee:’

I hope this helps!

1 Like

Yeah appreciate it. I know with these tests the devil is in the details so I wanted to make sure I read and understood it correctly. Cheers

1 Like

@Round_purple_hyena Thanks for asking this question, I had the same thought, so I am glad you brought it to their attention and the language will be updated.

1 Like

Glad it helped you. Good luck on exam

1 Like