FHCMX Fees and Costs — First Eagle High Yield Municipal Completion Fund
Data updated: 2026-09-28
The net expense ratio is 0.35%. There are no sales loads or redemption fees. Portfolio turnover was 0%.
FHCMX Fees and Expenses
Annual operating expenses and sales charges of FHCMX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.35% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FHCMX Costs Over Time
On $10,000 invested in FHCMX, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
FHCMX 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): $43.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
FHCMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $30.7M | 73.77% |
| FMSBONDS, INC. | $2.4M | 5.78% |
| D.A. Davidson & Co. | $2.0M | 4.84% |
| Wells Fargo Securities, LLC | $1.9M | 4.64% |
| RBC Capital Markets, LLC | $1.2M | 2.81% |
| BofA Securities, Inc. | $881K | 2.12% |
| ICE Securities Execution & Clearing, LLC | $795K | 1.91% |
| Estrada Hinojosa & Company, Inc. | $620K | 1.49% |
| Raymond James & Associates, Inc. | $600K | 1.44% |
| Duncan-Williams, Inc. | $500K | 1.20% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.