Edison is debating purchasing a mutual fund, but he has some questions for his financial advisor, Hilary. The following table presents information on four different open-end mutual funds that Edison and Hilary are discussing. Use the information in the table to answer the questions that follow.

FUND	NAV	NET CHG	YTD % RET
GlbEx p	20.32	-0.04	3.1
TmRE r	18.77	0.06	6.0
GMAR	33.81	0.20	8.5
MajTrk	35.21	0.29	9.6

EDISON: After some research, Ive narrowed it down to these four funds, but can you explain to me the relationship between 12b-1 fees and fund performance?

HILARY: Generally, funds that charge 12b-1 fees, such as GlbEx p, (always/do not necessarily) outperform funds that do not charge these fees.

EDISON: What about front-end load fees? For example, suppose MajTrk has a front-end load fee of 6%, when do I pay this fee?

_____________

HILARY: If you purchase 100 shares of this fund at the NAV, you will pay a commission of ______________, but when you sell these shares you will pay ____________ in front-end fees.

EDISON: It sounds like these fees could start to add up. Whats the most I can expect to pay in fees? ______________

HILARY: If a fund charges a 4% front-end load and a 3% 12b1 fee, then it can charge a maximum of only __________ % in back-end load charges without violating the cap.

EDISON: Thanks! This was really helpful. So it sounds like youd recommend looking for (front-end load/back-end load/no-load/low-load) funds whenever possible.

Please provide specific answers.