Do American funds have 12b-1 fees?
Excuse me, could you please clarify something for me? I've been doing some research on mutual funds and I came across the term "12b-1 fees." I'm curious to know if American funds typically have these fees associated with them? I understand that these fees are sometimes used to cover marketing and distribution expenses, but I'm not sure if it's a common practice among American fund companies. Could you shed some light on this for me? Thank you in advance for your help.