Series 51 Practice Questions - Municipal Fund Securities Limited Principal Qualification Examination Exam

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A Series 51 principal is reviewing 529 plan share class options for a client. Which statement about share classes in municipal fund securities is most accurate?

Class A shares always have lower ongoing expenses than Class C shares Class C shares typically have no front-end sales charge but higher ongoing 12b-1 fees Class B shares are the most common share class for 529 plans All share classes of 529 plans have identical expense structures

Correct Answer:

Class C shares typically have no front-end sales charge but higher ongoing 12b-1 fees

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