Although there has been a good deal of noise in the past few years over mutual funds offering performance-based fees, mutual fund companies seem more to be talking the performance fee talk than actually walking it, MarketWatch reports.

Only about 200 out of 4,000 equity funds, or 5%, have a performance fee, according to Strategic Insight. However, those 200 funds represent about 10% of the $7 trillion in actively managed assets, according to Strategic Insight.

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