About FEHIX
First Eagle High Yield Municipal Fund Class I is a mutual fund focused on providing investors with high current income that is generally exempt from regular federal income taxes. Its primary objective is to invest in high-yield, below investment-grade municipal bonds, often referred to as "junk bonds," which are issued by state and local governments or their agencies. The fund strategically allocates at least 80% of its assets to these high-yield municipal securities, with a portfolio that spans various sectors such as public transportation, economic and industrial development, charter schools, and healthcare facilities. Notably, the fund holds a diversified basket of over 1,500 securities, with concentrations in states such as Florida, Wisconsin, California, New York, and Texas. The institutional share class features a minimum investment of $1,000,000 and an expense ratio around 1.00%. With monthly income distributions, an effective duration exceeding eight years, and a distribution yield above 5%, the fund plays a critical role for institutional investors seeking tax-advantaged income streams in the high-yield segment of the municipal bond market.
Fund Family First Eagle
Category High Yield Muni
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FEHIX
Share Class Class I
Index Bloomberg U.S. Corporate High Yield TR
FEHIX had a total return of -2.67% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.98%.
