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12B-1 Plan

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12B-1 Plan
A no-load mutual fund that is allowed to use fund assets to pay for distribution costs rather than charging a 12b-1 fee. The 12b-1 fee is an annual percentage charge based on the current value of the investment.

Notes:
The Government typically restrict this to 1%.
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The funds' largest trade association, the Investment Company Institute, says more than half of all fund groups have at least one fund with a 12b-1 plan.
Marketing Push Has More Funds Charging Despised Fee by CURRIER, CHET / Los Angeles Business Journal
* Investment companies with enhanced 12b-1 plans to recognize a liability, with a corresponding charge to expenses, for excess costs.
AICPA issues EDs and SOP by Journal of Accountancy
Expenses are low, there's no 12b-1 plan skimming distribution costs out of the fund.
Junk-Bond Funds Look Like Losers in New Economy by CURRIER, CHET / Los Angeles Business Journal
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