Similar to a transfer agent fee. A distributor is responsible for distribution of the shares, marketing of the fund, and shareholder service. Total 12b-1 fees are capped at 1.00% of the average daily net assets. A typical fee may consist of .75% for marketing/distribution and .25% for service. This number is taken from the fund's annual report and reported in U.S. Dollars.
See Also Fees and Expenses.