FDUIX Fees and Costs — First Eagle Short Duration High Yield Municipal Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.64%: a 0.45% management fee plus 0.19% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 202%.
FDUIX Fees and Expenses
Annual operating expenses and sales charges of FDUIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FDUIX Costs Over Time
On $10,000 invested in FDUIX, assuming 5% a year before costs, total costs come to $403 over 5 years, cutting the return by 0.67% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.64%) | $67 | $210 | $366 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $67 | $221 | $403 |
| Value after costs | $10,433 | $11,355 | $12,360 |
| Impact on return, per year | 0.67% | 0.67% | 0.67% |
FDUIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.2B
- Portfolio turnover (prospectus): 202%
- Securities lending: none during the year
FDUIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.6B | 43.20% |
| Barclays Capital, Inc. | $516.4M | 13.87% |
| Morgan Stanley & Co. LLC | $386.9M | 10.39% |
| FMSBONDS, INC. | $375.8M | 10.09% |
| Wells Fargo Securities, LLC | $296.1M | 7.95% |
| Truist Securities, Inc. | $145.4M | 3.90% |
| BofA Securities, Inc. | $126.1M | 3.39% |
| U.S. Bancorp Investments, Inc. | $102.5M | 2.75% |
| Goldman Sachs & Co. LLC | $85.3M | 2.29% |
| Estrada Hinojosa & Company, Inc. | $81.2M | 2.18% |
First Eagle Short Duration High Yield Municipal Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDURX | Class R6 | 0.63% | none |
| FDUIX | Class I | 0.64% | none |
| FDUAX | Class A | 0.86% | 2.50% |
| FDYCX | Class C | 1.59% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.