A plan allowing mutual fund managers to use fund income or assets (some funds to the tune of 2 % annually) to pay distribution expenses, including advertising and commissions to brokers. (nicholasfunds.com)
The decreases from the prior quarter — or the decrease from the prior quarter was due to the adoption of the revenue - recognition standard, which caused expenses to decrease by $ 9 million and lower distribution expense of $ 1.7 million from two fewer days in the quarter, offset by higher comp and related expense from incentive compensation and seasonally higher payroll taxes. (fool.com)
The decrease from Q1 of 2017 was also due to the adoption of the revenue - recognition standard, which reduced expenses by $ 8.7 million, as well a decrease of $ 8.6 million in distribution expense due to changes in the mix of average money market fund assets. (fool.com)