College savings plans may charge an enrollment / application fee, annual account maintenance fees, ongoing program management fees, and
ongoing asset management fees.
The Fund has no sales load (a charge for purchasing the fund), no soft - dollar arrangements (where fund managers receive research, data terminals and other benefits in return for paying higher commissions to brokers), no trailing
fees (where funds pay brokerages an
ongoing percentage of
assets in order to bring business to the fund), and no 12b - 1 marketing
fees (where shareholders pay an amount over and above
management and operating expenses, so that funds can advertise and attract new shareholders).