Understanding the Costs Involved in Mutual Fund Investments Larry is debating purchasing a mutual fund, but he has some questions for his financial advisor, Megan. The following table presents information on four different open-end mutual funds that Larry and Megan are discussing.

Use the information in the table to answer the questions that follow.

FUND	NAV	NET CHG	YTD % RET
GlbEx p	13.32	-0.04	2.8
TmRE r	29.77	0.06	5.7
PFIN	37.81	0.20	8.2
TopLA	38.21	0.29	9.3

LARRY: 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?

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

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

MEGAN: 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.

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

MEGAN: If a fund charges a 4% front-end load and a 2.5% 12b1 fee, then it can charge a maximum of only (%?) in back-end load charges without violating the cap.

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