Funds, Variable Products, and DPPs

Free FINRA Series 7 (General Securities Representative) lesson in Investment Products and Recommendations. 23 min read, ~3,390 words.

NAV = (Total Assets - Liabilities) / Shares Outstanding. The sales charge percentage uses POP as the denominator, not NAV. Class A charges front-end loads with breakpoints, Class B charges declining back-end loads, Class C charges level loads with higher ongoing fees. 12b-1 fee caps: 0.75% distribution + 0.25% service...