(A)
Adequate Information:
The average daily asset of the new fund in the past year accounts for $2.2 billion. The management fee accounts for 0.7% and the expense ratio accounts for 1.1%
To calculate:
Fees paid in total to the investment manager of the fund
Introduction:
Investment manager refers to the company or an individual that stands responsible for investment management on behalf of its client or a financial institution.
(B)
To calculate:
Other administrative expenses paid during the year
Introduction:
A 12b-1 fee stands to be the annual distribution or marketing fee levied on the mutual fund. It is considered as an operational charge which is included under the expense ratio of the firm. It ranges between 0.25% to 1% of the net asset of the fund.

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