Expense Ratio History

FEHAX expense ratio history

First Eagle High Yield Municipal Fund, Class A

Fund company
First Eagle
Type
Mutual fund

1.58%

In basis points
158 basis points
Yearly cost per $10,000
$158
Prospectus dated
15 May 2026, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.13% on 1 March 2026

Fee over time

FEHAX expense ratio: 1.51% until 26 Jul 2012, then 1.12%; 1.12% until 1 Mar 2013, then 1.27%; 1.27% until 1 Mar 2014, then 1.13%; 1.13% until 1 Mar 2015, then 1.14%; 1.14% until 1 Mar 2016, then 1.16%; 1.16% until 1 Mar 2017, then 1.20%; 1.20% until 1 Mar 2018, then 1.21%; 1.21% until 1 Mar 2019, then 1.26%; 1.26% until 1 Mar 2020, then 1.34%; 1.34% until 1 Mar 2021, then 1.33%; 1.33% until 1 Mar 2022, then 1.06%; 1.06% until 1 Mar 2023, then 1.13%; 1.13% until 27 Dec 2023, then 3.11%; 3.11% until 1 Mar 2024, then 1.53%; 1.53% until 1 Mar 2025, then 1.13%; 1.13% until 1 Mar 2026, then 1.58%; read at 1.58% on 15 May 2026.0.00%2.00%4.00%6.00%Dec 2011May 2014Oct 2016Mar 2019Aug 2021Jan 20241.51% before1.58% from 1 Mar 2026
FEHAX expense ratio: 1.51% until 26 Jul 2012, then 1.12%; 1.12% until 1 Mar 2013, then 1.27%; 1.27% until 1 Mar 2014, then 1.13%; 1.13% until 1 Mar 2015, then 1.14%; 1.14% until 1 Mar 2016, then 1.16%; 1.16% until 1 Mar 2017, then 1.20%; 1.20% until 1 Mar 2018, then 1.21%; 1.21% until 1 Mar 2019, then 1.26%; 1.26% until 1 Mar 2020, then 1.34%; 1.34% until 1 Mar 2021, then 1.33%; 1.33% until 1 Mar 2022, then 1.06%; 1.06% until 1 Mar 2023, then 1.13%; 1.13% until 27 Dec 2023, then 3.11%; 3.11% until 1 Mar 2024, then 1.53%; 1.53% until 1 Mar 2025, then 1.13%; 1.13% until 1 Mar 2026, then 1.58%; read at 1.58% on 15 May 2026.0.00%2.00%4.00%6.00%Dec 2011Oct 2016Aug 20211.51% before1.58% from 1 Mar 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 8 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
FEHAX (this page) Class A 1.58% — 15 May 2026
FEHCX Class C 2.34% — 15 May 2026
FEHIX Class I 1.36% — 15 May 2026
EARHX Class R3 3.21% 2.04% 27 Dec 2023
FIHRX Class R4 2.96% 1.79% 27 Dec 2023
FERHX CLASS R5 2.86% 1.69% 27 Dec 2023
FEHRX Class R6 1.28% — 15 May 2026
FEHTX Class T 1.25% 1.15% 1 Mar 2021

Every figure we've recorded

DateFeeWhat happened
15 May 2026 1.58% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-05-15 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Mar 2026 1.58% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2026 1.58% Raised from 1.13% to 1.58%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-02-27
1 Mar 2025 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2025 1.13% Cut from 1.53% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-26
1 Mar 2024 1.53% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2024 1.53% Cut from 3.11% to 1.53%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-02-26
27 Dec 2023 3.11% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Dec 2023 3.11% Raised from 1.13% to 3.11%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-12-27
1 Mar 2023 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2023 1.13% Raised from 1.06% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-28
1 Mar 2022 1.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Mar 2022 1.06% Cut from 1.33% to 1.06%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2022-12-22
1 Mar 2021 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2021 1.33% Cut from 1.34% to 1.33%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-02-26
14 Aug 2020 1.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-08-14 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2020 1.34% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2020 1.34% Raised from 1.26% to 1.34%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-19
1 Mar 2019 1.26% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2019 1.26% Raised from 1.21% to 1.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-15
1 Mar 2018 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2018 1.21% Raised from 1.20% to 1.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-03-12
1 Mar 2017 1.20% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2017 1.20% Raised from 1.16% to 1.20%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-13
1 Mar 2016 1.16% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2016 1.16% Raised from 1.14% to 1.16%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-03-11
1 Mar 2015 1.14% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2015 1.14% Raised from 1.13% to 1.14%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-03-16
1 Mar 2014 1.13% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2014 1.13% Cut from 1.27% to 1.13%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-03-18
1 Mar 2013 1.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2013 1.27% Raised from 1.12% to 1.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-03-08
26 Jul 2012 1.12% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-07-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Jul 2012 1.12% Cut from 1.51% to 1.12%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2012-07-27
30 Dec 2011 1.51% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-12-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.58% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,889 in fees over 10 years

After fees, $10,000 grows to $13,944.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$162
3 years$502
5 years$866
10 years$1,889

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 19 prospectuses for this share class since 2011. Each one is listed above with a link to the filing.

How we read fees

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