2. Calculating Mutual Fund Fees. In the prospectus for the Brazos Small Cap Fund, the fee table indicates that the fund has a 12b-1 fee of 0.35% and an expenses ratio of 1.65% that is collected once a year on December 1. If John and Don Norwood have shares valued at $31,000 on December 1.
a. What is the amount of the 12b-1 fee this year?
b. What is the amount they will pay for expenses this year?

Question

2.	Calculating Mutual Fund Fees. In the prospectus for the Brazos Small Cap Fund, the fee table indicates that the fund has a 12b-1 fee of 0.35% and an expenses ratio of 1.65% that is collected once a year on December 1. If John and Don Norwood have shares valued at $31,000 on December 1.
a.	What is the amount of the 12b-1 fee this year?
b.	What is the amount they will pay for expenses this year?