FEHTX Fees and Costs — First Eagle High Yield Municipal Fund
Data updated: 2026-09-28
The net expense ratio is 1.15%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.30% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 2.50%. Portfolio turnover was 82%.
FEHTX Fees and Expenses
Annual operating expenses and sales charges of FEHTX. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| 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 |
FEHTX Costs Over Time
On $10,000 invested in FEHTX, assuming 5% a year before costs, total costs come to $1,018 over 5 years, cutting the return by 1.73% 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 |
| Sales charges | $250 | $250 | $250 |
| Fund expenses (net expense ratio 1.15%) | $118 | $367 | $635 |
| Lost growth on money paid in costs | $13 | $58 | $133 |
| Total costs | $380 | $674 | $1,018 |
| Value after costs | $10,120 | $10,902 | $11,744 |
| Impact on return, per year | 3.80% | 2.08% | 1.73% |
FEHTX 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): $17.6B
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
FEHTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.8B | 32.83% |
| Morgan Stanley & Co. LLC | $2.3B | 15.59% |
| Barclays Capital, Inc. | $2.0B | 13.59% |
| FMSBONDS, INC. | $1.6B | 10.88% |
| Wells Fargo Securities, LLC | $1.0B | 7.07% |
| RBC Capital Markets, LLC | $859.3M | 5.90% |
| Truist Securities, Inc. | $663.5M | 4.56% |
| BofA Securities, Inc. | $651.6M | 4.48% |
| D.A. Davidson & Co. | $388.1M | 2.67% |
| Goldman Sachs & Co. LLC | $355.4M | 2.44% |
First Eagle 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 |
|---|---|---|---|
| FEHTX | C000182929 | 1.15% | 2.50% |
| FEHRX | Class R6 | 1.28% | none |
| FEHIX | Class I | 1.36% | none |
| FEHAX | Class A | 1.58% | 2.50% |
| FERHX | Class R5 | 1.69% | none |
| FIHRX | Class R4 | 1.79% | none |
| EARHX | Class R3 | 2.04% | none |
| FEHCX | Class C | 2.34% | 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.