The 12b-1 mutual fund fees are sill around. These were originally permitted by the SEC to allow mutual funds to market their product to new investors, so are actually a sales load that adds up over the years. Fortunately, most funds no longer use them.
The 12b-1 charges originally were used to pay fees for the distribution of funds by brokers. But they still persist, even when brokers are not involved.
My suggestion: Avoid any mutual funds that charge them. Those fees become significant deductions from your accumulated holding values over the years.
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