First Eagle Short Dur Hi Yld Muncpl R6 (FDURX)
| Fund Assets | 1.89B |
| Expense Ratio | 0.72% |
| Min. Investment | $2,500 |
| Turnover | 114.60% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 5.15% |
| Dividend Growth | 9.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.94 |
| YTD Return | 0.76% |
| 1-Year Return | 1.46% |
| 5-Year Return | n/a |
| 52-Week Low | 9.53 |
| 52-Week High | 9.96 |
| Beta (5Y) | n/a |
| Holdings | 696 |
| Inception Date | Jan 2, 2024 |
About FDURX
First Eagle Short Duration High Yield Municipal Fund Class R6 is an open-end mutual fund focused on U.S. municipal debt with an emphasis on short duration and below-investment-grade credit. Its primary objective is to deliver tax-exempt income while seeking to limit interest rate sensitivity through a shorter interest rate profile. The strategy is managed by First Eagle’s municipal credit team and invests across revenue-backed and general obligation issuers, prioritizing rigorous credit research, active surveillance, and selective positioning. The fund targets segments of the municipal market where fundamental analysis can identify resilient cash flows and covenant strength, aiming to balance high-yield income characteristics with controlled duration risk. Launched in 2024, it complements the firm’s broader municipal platform and is designed for investors who value tax-aware income and diversification relative to taxable corporate credit. Class R6 shares are institutional in nature, typically carrying no sales load and lower operating expenses relative to retail share classes, which can enhance cost efficiency for qualified plans and fiduciary platforms. The fund’s role in the market is to provide access to high-yield municipal bonds with a disciplined, short-duration approach.
Performance
FDURX had a total return of 1.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.66%.
Top 10 Holdings
18.94% of assets| Name | Symbol | Weight |
|---|---|---|
| Florida Development Finance Corp., Series 2025 B | FL.FLSDEV 07.01.2057 | 3.02% |
| Chicago Board of Education, Series 2016 A | IL.CHIEDU 7 12.01.2044 | 2.79% |
| State of Nevada Department of Business & Industry, Series 2025 A | n/a | 2.39% |
| City & County of Denver CO - City & County of Denver, Series 2017 | CO.DENAPT 5 10.01.2032 | 2.36% |
| Westchester County Local Development Corp., Series 2025 | NY.WSTDEV 6.5 11.01.2030 | 2.12% |
| New Jersey Economic Development Authority, Series 2025 | n/a | 1.41% |
| Chicago Board of Education, Series 2017 A | IL.CHIEDU 7 12.01.2046 | 1.39% |
| Silicon Valley Tobacco Securitization Authority, Series 2007 A | n/a | 1.17% |
| Tulsa Municipal Airport Trust Trustees/OK - Tulsa Municipal Airport Trust Trustees, Series 2025 | OK.TULAPT 6.25 12.01.2035 | 1.16% |
| Wyandotte County-Kansas City Unified Government, Series 2022 | KS.WYAGEN 5.75 03.01.2041 | 1.14% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04558 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04558 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04574 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04583 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04476 | Sep 30, 2025 |
| Aug 29, 2025 | $0.043 | Sep 2, 2025 |