Kaplan Section 4

Question 1

Class A Shares carry what type of load?

Answer 1

Front load with minimal (usually none)12b-1 fees and no back load fees

Question 2

Class B Shares carry what type of load?

Answer 2

Back load usually with high 12b-1 fees and usually have a contingent deferred sales charge that get’s lower with time ultimately resulting in a conversion to Class A Shares

The CDSC(contingent charge) is based on the lower of the NAV or original purchase price

Question 3

Class C Shares carry what type of load?

Answer 3

Level load

Question 4

Testimonials

Answer 4

Testimonials my be used by FINRA member firms.

However they must ALWAYS include a disclaimer about the uncertainty of future returns.

Individuals may be paid to give testimonials but disclosure of that fact must be made if compensation exceeds $100