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
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 -4.05% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.70%.
