WORD OF THE DAY: BOND INSURANCE - Credit support for a bond or a tranche in a multi-tranche debt security. The credit support is provided by an external, third party - commonly an insurance company that specializes in financial guaran ... More
1. ) These are fees the fund charges for marketing and distributionexpenses. They are included in the expense ratio, but often are talked about separately. These fees are charged in addition to a front- or back-end load. These are found in many no-loadfund.