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Types of Fees The following are the different types of fees commonly charged by mutual funds: Sales Load See Load Vs. No-load Funds Management fees These are annual charges to investors to cover the cost of running the fund and managing the money. Management fees are charged by all funds, but the amount can vary. Distribution fees Distribution fees, also called 12b-1 fees are used by funds that market shares themselves, rather than hiring an outside company. They are used to cover marketing and advertising expenses associated with selling the fund. Redemption fees These are fees charged to investors when shares are redeemed (sold back to the fund company). They are intended to discourage frequent trading of funds, and are not used by all funds. Exchange Fees These are fees that may be charged when money is transferred from one fund to another within the same mutual fund company.

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