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IIA Exam IIA-CFSA Topic 8 Question 57 Discussion

Actual exam question for IIA's IIA-CFSA exam

Question #: 57
Topic #: 8

[All IIA-CFSA Questions]

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 Antonio at Jul 15, 2024, 01:14 AM

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Evette

4 months ago

Ugh, these fund classes are like a financial maze. But I'm pretty sure the answer is C. Maybe I'll just invest in a magic 8-ball instead of mutual funds.

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Clare

4 months ago

Oh, I see. Class C does have a contingent deferred sales load and a 12b-1 fee. So, the answer must be D) Both B&C.

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Avery

4 months ago

Hmm, let me think. I'll go with C. Gotta love those contingent deferred sales loads, they're like a surprise gift that keeps on giving!

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Barrie

4 months ago

This question is a piece of cake! C is definitely the way to go. Who needs a front-end load when you can just pay those juicy 12b-1 fees, am I right?

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Amie

3 months ago

Actually, it's D. Both B and C have the contingent deferred sales load and 12b-1 fees.

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Johnson

4 months ago

I think D is the correct answer. Both B and C have the contingent deferred sales load.

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Irma

4 months ago

I agree, C is the answer. Those 12b-1 fees can really add up.

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Richelle

4 months ago

D has to be the right choice. Both Class B and Class C funds have those characteristics, so it makes sense to select both options.

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Erin

3 months ago

Agreed. D is the best choice since it covers both Class B and Class C funds.

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Luisa

3 months ago

So, it's safe to say that D, Both B&C, is the correct answer in this case.

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Carlee

3 months ago

Yes, you're correct. Class B and Class C funds typically have a contingent deferred sales load and a 12b-1 fee.

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Junita

4 months ago

I think D is the right choice. Both Class B and Class C funds have those characteristics.

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Katheryn

4 months ago

I agree with Valentin, I think the answer is Class C.

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Valentin

4 months ago

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

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Clare

5 months ago

I believe it's Class B.

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An

5 months ago

I think C is the correct answer. Class C funds typically don't have a front-end load, but they have a contingent deferred sales load and a 12b-1 fee.

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Dudley

4 months ago

I'm not sure, but I think Class A funds have a front-end sales load.

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Joesph

4 months ago

I think it's D, because both Class B and Class C funds have a contingent deferred sales load and a 12b-1 fee.

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Glenn

4 months ago

I agree, Class C funds usually have a contingent deferred sales load and a 12b-1 fee.

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Valentin

5 months ago

I think the answer is Class A.

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