Sean is debating purchasing a mutual fund, but he has some questions for his financial advisor, Yvette. The following table presents information on Four different open-end mutual funds that Sean and Yvette are discussing. Use the information in the table to answer the questions that form. SEAN: After some research, I've narrowed it down to these four funds, but can you explain to me the relationship between 12b - 1 fees and fund performance? YVETTE: Generally, funds that charge 12b1 fees, such as MinT p, outperform funds that do not charge these fees. SEAN: What about front-end load fees? For example, suppose TopLA has a front-end load fee of 7%, when do I pay this fee? YVETTE: 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. SEAN: It sounds like these fees could start to add up. What's the most I can expect to pay in fees? YVETTE: If a fund charges a 2.5% front-end load and a 4\% 12-b1 fee, then it can charge a maximum of only % in back-end load charges without violating the cap. SEAN: Thanks! This was really helpful. So it sounds like you'd recommend looking for funds whenever possible