Fred Wants to Invest in a "No-Load" Fund

question 61

True/False

Fred wants to invest in a "no-load" fund. This means that the fund has no 12b-1 fees.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. The fiduciary relationship is noteworthy for involving a trust and confidence between the fiduciary and the principal.

Prospective Investors

Individuals or entities that are considering the possibility of investing in a particular opportunity but have not yet committed.

Promoter

An individual or company responsible for organizing or founding a new enterprise, especially by raising capital, securing partnerships, and navigating legal requirements.

Articles of Incorporation

Legal documents filed with a governmental body to legally document the creation of a corporation.