Examlex
What are the typical classification designations of government documents?
Sales Load
A fee charged for the purchase or sale of shares in a mutual fund, often used to compensate brokers.
12b-1 Charge
A 12b-1 Charge is a fee assessed by mutual funds to cover marketing, distribution, and service expenses, included as part of the fund's operating expenses.
Unit Investment Trust
An investment company that offers a fixed portfolio of stocks, bonds, or other securities, which is typically unmanaged, to investors for a specific period of time.
Fixed Portfolio
An investment strategy where the asset allocation is set for the long term and is not adjusted in response to market conditions.
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