FEREX Fees and Costs — First Eagle Global Real Assets Fund, Class I
Data updated: 2026-09-28
The net expense ratio is 0.85%: a 0.65% management fee plus 4.05% other expenses, less a 3.85% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0211% of average net assets, and portfolio turnover was 39%.
FEREX Fees and Expenses
Annual operating expenses and sales charges of FEREX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.05% |
| Gross expense ratio | 4.70% |
| Fee waiver | −3.85% |
| Net expense ratio | 0.85% |
| 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 |
FEREX Costs Over Time
On $10,000 invested in FEREX, assuming 5% a year before costs, total costs come to $546 over 5 years, cutting the return by 0.91% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $300 | $546 |
| Value after costs | $10,409 | $11,276 | $12,217 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
FEREX 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
FEREX 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% |
FEREX 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.