IIA Exam IIA-CFSA Topic 8 Question 50 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 50
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 Leota at May 03, 2024, 01:33 AM

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Maynard

6 months ago

Exactly. D makes the most sense given the fee structures.

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Erinn

7 months ago

But isn't Class A usually front-loaded? That rules it out.

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Shawnee

7 months ago

Sounds right. So the answer would likely be D, Both B & C.

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Yasuko

7 months ago

Yeah, they often have deferred sales loads and those 12b-1 fees.

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Valda

7 months ago

I think those are Class B and Class C funds.

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Letha

7 months ago

This question seems tricky. Classes without a front-end sales load?

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