Re: Investment Management Fee for First Eagle Absolute Return Fund (the “Fund”)First Eagle Funds • May 13th, 2014
This letter relates to the April 24, 2014 Fee Waiver and Expense Reimbursement Agreement (the “Agreement”) between First Eagle Funds on behalf of the Fund and First Eagle Investment Management, LLC (the “Investment Adviser”), which provides that the Fund will waive fees payable to the Investment Adviser in an amount sufficient to keep the total annual operating expenses (including acquired fund fees and expenses, but excluding interest, taxes, dividend expense, borrowing costs, interest expense relating to short sales and extraordinary expenses) for Class A, Class C and Class I shares of the Fund at 1.40%, 2.15% and 1.15%, respectively.
