Clancy is debating purchasing a mutual fund, but he has some questions for his financial advisor, Eileen. The following table presents information on four different open-end mutual funds that clancy and Eileen are discussing. Use the information in the table to answer the questions that follow. FUND YTD 9 RET NAV 15.32 NET CHG -0.04 MinTp 3.2 IntRA 20.77 0.06 6.1 GMAR 33.81 0.20 8.6 BRRT 41.21 0.29 9.7 CLANCY: After some research, I've narrowed it down to these four funds, but can you explain to me the relationship between back end load fees and fund performance? EILEEN: Generally, funds that charge back end load fees, such as Intra outperform funds that do not charge these fees CLANCY: What about front-end load fees? For example, suppose BRRT has a front-end load tee of 8%, when do I pay this fee? EILEEN: If you purchase 100 shares of this fund at the NAV, you will pay a commission of 5 will pay s in front-end fees. but when you sell these shares you CLANCY: It sounds like these fees could start to add up. What's the most I can expect to pay in fees? EILEEN: If a fund charges a 3% front end load and a 4% 12-b1 fee, then it can charge a maximum of only charges without violating the cap. % in back-end load CLANCY: Thanks! This was really helpful. So it sounds like you'd recommend looking for funds whenever possible. Clancy is debating purchasing a mutual fund, but he has some questions for his financial advisor, Eileen. The following table presents information on four different open-end mutual funds that clancy and Eileen are discussing. Use the information in the table to answer the questions that follow. FUND YTD 9 RET NAV 15.32 NET CHG -0.04 MinTp 3.2 IntRA 20.77 0.06 6.1 GMAR 33.81 0.20 8.6 BRRT 41.21 0.29 9.7 CLANCY: After some research, I've narrowed it down to these four funds, but can you explain to me the relationship between back end load fees and fund performance? EILEEN: Generally, funds that charge back end load fees, such as Intra outperform funds that do not charge these fees CLANCY: What about front-end load fees? For example, suppose BRRT has a front-end load tee of 8%, when do I pay this fee? EILEEN: If you purchase 100 shares of this fund at the NAV, you will pay a commission of 5 will pay s in front-end fees. but when you sell these shares you CLANCY: It sounds like these fees could start to add up. What's the most I can expect to pay in fees? EILEEN: If a fund charges a 3% front end load and a 4% 12-b1 fee, then it can charge a maximum of only charges without violating the cap. % in back-end load CLANCY: Thanks! This was really helpful. So it sounds like you'd recommend looking for funds whenever possible