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When using the three-read system of proofreading,which of the following do you check for first?
Back-end Load
A fee paid by an investor when shares are sold, typically used in mutual funds, where the fee decreases over time the investment is held.
Annual Fees
Refers to the yearly charges associated with having an account, typically found in credit cards or investment accounts, to cover account management services.
12b-1 Fees
These are annual fees charged by a mutual fund to cover marketing, distribution, and sometimes administrative expenses, directly reducing the fund's return to its investors.
Management Expenses
These are fees paid out of fund assets to the fund manager for investment management and operational services, including administrative and overhead costs.
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