First Eagle High Yield Municipal C (FEHCX)
| Fund Assets | 7.10B |
| Expense Ratio | 2.00% |
| Min. Investment | $2,500 |
| Turnover | 136.03% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 4.56% |
| Dividend Growth | -3.44% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 8.20 |
| YTD Return | -3.53% |
| 1-Year Return | -4.31% |
| 5-Year Return | 11.10% |
| 52-Week Low | 7.81 |
| 52-Week High | 8.83 |
| Beta (5Y) | n/a |
| Holdings | 1770 |
| Inception Date | Jan 3, 2012 |
About FEHCX
First Eagle High Yield Municipal Fund Class C is an actively managed mutual fund focused on the U.S. municipal bond market. The fund aims to generate high current income that is exempt from regular federal income taxes, making it particularly relevant for investors seeking tax-advantaged cash flows. Established in 2012, it primarily invests in a diverse portfolio of municipal bonds, with a mandate to allocate at least 80% of its net assets to these securities—especially targeting issues rated below investment grade to pursue higher yields. The fund's secondary objective is capital appreciation, though its core purpose is income generation. It serves as part of the high yield municipal bond segment, thus catering to investors who tolerate greater credit risk in exchange for elevated potential returns compared to traditional municipal funds. The fund’s portfolio typically spans a variety of U.S. local and state issuers, providing diversification across regions and economic sectors. Income distributions are intended to be stable and are paid monthly. By focusing on high yield, non-investment grade munis, this fund occupies a distinct role in the municipal bond market, bridging the gap between income-oriented investments and those that accept higher volatility for potentially larger payouts.
Performance
FEHCX had a total return of -4.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.93%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWEHX | Vanguard | Vanguard High-Yield Corporate Inv | 0.22% |
Top 10 Holdings
17.11% of assets| Name | Symbol | Weight |
|---|---|---|
| FLORIDA DEV FIN CORP REV 8.25% | FL.FLSDEV 07.01.2057 | 3.46% |
| NEVADA ST DEPT BUSINESS & IND REV 9.5% | NV.NBIDEV 01.01.2065 | 2.38% |
| FLORIDA DEV FIN CORP REV 5.5% | FL.FLSDEV 5.5 07.01.2053 | 2.13% |
| FLORIDA DEV FIN CORP REV 12% | FL.FLSDEV 07.15.2032 | 1.62% |
| ATLANTA GA DEV AUTH REV 0% | GA.ATLDEV 0 12.15.2048 | 1.59% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 1.43% |
| PUBLIC FIN AUTH WIS REV 5.75% | WI.PUBGEN 5.75 07.01.2054 | 1.32% |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 5.5% | TX.NHPFAC 5.5 01.01.2057 | 1.28% |
| HILLSBOROUGH CNTY FLA INDL DEV AUTH HEALTH SYS REV 2.8% | FL.FLDEV 11.15.2054 | 0.97% |
| HOPKINSVILLE KY EXEMPT FACS REV 6% | KY.HPKGEN 12.01.2054 | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.035 | Sep 2, 2025 |
| Jul 31, 2025 | $0.03488 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03168 | Jun 30, 2025 |
| May 30, 2025 | $0.03157 | May 30, 2025 |
| Apr 30, 2025 | $0.03031 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03005 | Mar 31, 2025 |