What are 12b-1 fees? What expenses are 12b-1 fees intended to cover? Many closed-end mutual funds charge

Question:

What are 12b-1 fees? What expenses are 12b-1 fees intended to cover? Many closed-end charge a 12b-1 fee. Does this make sense to you? Why or why not?

Mutual Funds
Mutual funds are like a pool of funds gathered by different small investors that have simalar investment perspective about returns on their investments. These funds are managed by professional investment managers who act smartly on behalf of the...