Plaintiffs claimed First Eagle charged them more than what it made as a subadvisor for a similar fund. On Wednesday, they dismissed the action with prejudice.
The trend to reduce fees and increase transparency will push plan sponsors toward clean shares.
A total of 22 actively managed mutual funds and exchange-traded funds have more than 5 percent of their portfolios in the company, according to Morningstar data.
Global bond funds also kept their streak alive while money continued to flow out of Asia-Pacific bond funds.