FERAX Fees and Costs — First Eagle Global Real Assets Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.10%: a 0.65% management fee, a 0.25% 12b-1 fee plus 4.05% other expenses, less a 3.85% fee waiver. This share class carries a maximum front-end sales load of 5.00% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0211% of average net assets, and portfolio turnover was 39%.
FERAX Fees and Expenses
Annual operating expenses and sales charges of FERAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.05% |
| Gross expense ratio | 4.95% |
| Fee waiver | −3.85% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FERAX Costs Over Time
On $10,000 invested in FERAX, assuming 5% a year before costs, total costs come to $1,303 over 5 years, cutting the return by 2.24% 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 | $599 | $500 | $500 |
| Fund expenses (net expense ratio 1.10%) | $110 | $342 | $592 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $25 | $96 | $199 |
| Total costs | $735 | $945 | $1,303 |
| Value after costs | $9,765 | $10,632 | $11,460 |
| Impact on return, per year | 7.35% | 2.94% | 2.24% |
FERAX 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): 0.0211%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $7.7M
- Portfolio turnover (prospectus): 39%
- Securities lending: none during the year
FERAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $1K | 43.19% |
| Jefferies LLC | $708 | 22.56% |
| Instinet, LLC | $552 | 17.59% |
| XP Investments US, LLC | $262 | 8.37% |
| JonesTrading Institutional Services LLC | $104 | 3.32% |
| Cowen Execution Services LLC | $70 | 2.23% |
| Morgan Stanley & Co. LLC | $44 | 1.41% |
| Goldman Sachs & Co. LLC | $22 | 0.71% |
| Citizens Securities, Inc. | $17 | 0.55% |
| CLSA Americas, LLC | $2 | 0.08% |
FERAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7.7M | 99.94% |
| Instinet, LLC | $4K | 0.06% |
First Eagle Global Real Assets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FEREX | Class I | 0.85% | none |
| FERRX | Class R6 | 0.85% | none |
| FERAX | Class A | 1.10% | 5.00% |
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.