+**12b-1** fees are an annual charge levied by a [Mutual Fund](/wiki/Mutual_Fund) to cover marketing and distribution costs. Authorized under U.S. federal law, these fees are deducted directly from the fund's assets, impacting [Investor Returns](/wiki/Investor_Returns). They aim to attract new capital, yet can erode long-term gains for shareholders.
+## See also
+- [Expense Ratio](/wiki/Expense_Ratio)
+- [Financial Regulation](/wiki/Financial_Regulation)
+- [Investment](/wiki/Investment)
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