IIA Exam IIA-CFSA Topic 8 Question 46 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 46
Topic #: 8

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 Lenna at Mar 05, 2024, 02:06 AM

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Micheal

5 months ago

That could be possible. It would make sense to choose Both B&C then.

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Sylvia

5 months ago

Maybe it's a trick question and the answer is both B and C?

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Raul

6 months ago

I am not sure. I think it might be Class C because of the 12b-1 fee they impose.

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Micheal

6 months ago

I disagree, I believe it is Class B because they often have a contingent deferred sales load.

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Sylvia

6 months ago

I think the answer is Class A because it usually does not have a front-end sales load.

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