FEXRX Fees and Costs — First Eagle U.S. Smid Cap Opportunity Fund, Class R6
Data updated: 2026-09-28
The net expense ratio is 0.95%: a 0.75% management fee plus 0.84% other expenses, less a 0.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.0204% of average net assets, and portfolio turnover was 66%.
FEXRX Fees and Expenses
Annual operating expenses and sales charges of FEXRX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.84% |
| Gross expense ratio | 1.59% |
| Fee waiver | −0.64% |
| Net expense ratio | 0.95% |
| 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 |
FEXRX Costs Over Time
On $10,000 invested in FEXRX, assuming 5% a year before costs, total costs come to $607 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $607 |
| Value after costs | $10,398 | $11,243 | $12,155 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
FEXRX 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): 0.0204%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $50.4M
- Portfolio turnover (prospectus): 66%
- Securities lending: none during the year
FEXRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $6K | 62.59% |
| Piper Sandler & Co. | $707 | 6.87% |
| Compass Point Research & Trading, LLC | $701 | 6.81% |
| Raymond James & Associates, Inc. | $636 | 6.18% |
| Roth Capital Partners, LLC | $550 | 5.35% |
| JonesTrading Institutional Services LLC | $400 | 3.89% |
| Wells Fargo Securities, LLC | $356 | 3.46% |
| Monness Crespi Hardt & Co., Inc. | $204 | 1.98% |
| D.A. Davidson & Co. | $175 | 1.70% |
| Citizens Securities, Inc. | $120 | 1.17% |
FEXRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $50.4M | 99.92% |
| Goldman Sachs & Co. LLC | $42K | 0.08% |
First Eagle U.S. Smid Cap Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FESMX | Class I | 0.95% | none |
| FEXRX | Class R6 | 0.95% | none |
| FEMAX | Class A | 1.20% | 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.