Examlex
Which of the following is NOT an example of punishment?
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.
Morningstar
A financial services firm known for its analysis of mutual funds and other investment vehicles, providing investors with ratings and research.
Performance Rating
An evaluation of the investment performance of a security or portfolio compared to a standard or benchmark.
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