# [Series 65] 28, Mutual Fund Costs 12b-1 Fees and Expenses

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-28-mutual-fund-costs-12b-1-fees-and-expenses
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-28-mutual-fund-costs-12b-1-fees-and-expenses.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-04-21T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-28-mutual-fund-costs-12b-1-fees-and-expenses
Audio file: https://episodes.captivate.fm/episode/7815a1f4-9ece-42d6-afa2-ae497eb6783f.mp3
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Duration seconds: 221

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key components of a mutual fund's expense ratio, including management fees. - The purpose of 12b-1 fees and the specific rules that dictate whether a fund can be marketed as "no-load". - The differences between load funds (Class A, B, C shares) and no-load funds. - How to analyze the long-term impact of fees on an investor's total return, a critical concept for suitability questions. - A mnemonic to remember the primary ongoing costs associated with mutual funds. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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