IIA Exam IIA-CFSA Topic 7 Question 55 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 55
Topic #: 7

There are different classes of mutual funds. Classes that typically do not have a front-end sales load. Instead they may impose a contingent deferred sales load and a 12b-1 fee (along with other annual expenses) is called:

AClass A

BClass B

CClass C

DBoth B&C

Show Suggested Answer

Suggested Answer: B

by Major at Jul 02, 2024, 07:39 AM

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Angelyn

7 months ago

You're right. Class B and C usually have the contingent deferred sales load and 12b-1 fee.

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Chau

7 months ago

Mutual funds, more like 'mutual pain' amirite? But seriously, I think the answer is C. Gotta watch out for those sneaky 12b-1 charges.

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Stephanie

6 months ago

Thanks for the heads up, I'll make sure to double check the fees before investing in a mutual fund.

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Edward

6 months ago

Actually, the correct answer is D) Both B&C. They both have a contingent deferred sales load and a 12b-1 fee.

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Magdalene

6 months ago

I agree, those 12b-1 fees can really add up over time.

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Trina

6 months ago

I always make sure to check for any hidden fees before investing in mutual funds.

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Torie

6 months ago

Yeah, those fees can really eat into your returns over time.

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Christa

6 months ago

I think you're right, Class C mutual funds do have those 12b-1 fees.

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Bong

7 months ago

But Class A typically has a front-end sales load, so it can't be that.

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Sherill

7 months ago

I'm feeling lucky, let's go with A! Who needs front-end loads when you can just have those juicy back-end ones, am I right?

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Olive

7 months ago

Class A is correct! No front-end sales load, just the back-end ones.

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Roosevelt

7 months ago

I'm feeling lucky, let's go with A!

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Angelyn

8 months ago

I believe it's Class B.

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Leandro

8 months ago

I'm going with B. It's like the middle child of mutual fund classes, not too high on the fees but not too low either.

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Hyman

8 months ago

D, for sure. Class B and Class C are the ones without the front-end load, but with those other fees. I'm not about to pay more than I have to for my mutual funds.

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