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Define the following:funnel sequence
12b-1 Fee
A fee found in the expense ratio of some mutual funds, meant to cover marketing, distribution, and other costs.
Front-end Load
An upfront sales charge investors pay when they purchase mutual fund shares, which reduces the amount of the investment.
Back-end Load
A fee paid by investors when selling mutual fund shares, typically decreasing over time the longer shares are held, designed to discourage quick withdrawals.
Front-end Load
A sales charge or commission that investors pay upfront when purchasing shares of a mutual fund or investment, typically used to compensate brokers.
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