Trust Examiner School - September 2023

Internal Use Only

Conflicts of Interest

12B-1 Mutual Funds

Repurchase Agreements

Inside Information

Multi-Account & Inter-Trust Transactions

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Internal Use Only

12B-1 Mutual Funds

• Section 12b-1 of Investment Company Act of 1940 • Allows banks to perform certain agency functions & collect a fee • 12b-1 fees are annual marketing or distribution fees • Used as incentive

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