First Eagle High Yield Municipal Fund Class R6 (FEHRX)
| Fund Assets | 7.01B |
| Expense Ratio | 1.00% |
| Min. Investment | $0.00 |
| Turnover | 136.03% |
| Dividend (ttm) | 0.50 |
| Dividend Yield | 6.33% |
| Dividend Growth | 7.24% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 7.84 |
| YTD Return | -7.96% |
| 1-Year Return | -5.47% |
| 5-Year Return | 14.57% |
| 52-Week Low | 7.80 |
| 52-Week High | 8.86 |
| Beta (5Y) | n/a |
| Holdings | 1733 |
| Inception Date | Mar 1, 2017 |
About FEHRX
First Eagle High Yield Municipal Fund Class R6 is an actively managed mutual fund specializing in high-yield municipal bonds. Its primary objective is to provide investors with a high level of current income that is exempt from regular federal income taxes, while also seeking opportunities for capital appreciation. The fund invests predominantly in a diversified portfolio of municipal bonds, including those from a broad spectrum of issuers across the United States. Notably, it holds a sizable number of securities—over 1,500 as of March 2025—and targets bonds with higher yields and credit risk relative to the broader municipal bond market, offering a yield profile well above its peer average. The fund is designed for institutional investors, as indicated by its Class R6 share structure, and is offered without sales charges or loads. It maintains a weighted average duration of around 9.7 years, reflecting intermediate- to long-term exposure. A portion of its holdings may be subject to the Alternative Minimum Tax. Managed by First Eagle Investment Management since 2017, the fund plays a significant role in the municipal high-yield market by providing income-oriented investors with tax-efficient yield and diversification within the fixed income segment.
Performance
FEHRX had a total return of -5.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.84%.
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 Fund Investor Shares | 0.22% |
Top 10 Holdings
19.53% of assets| Name | Symbol | Weight |
|---|---|---|
| FLORIDA DEV FIN CORP REV 8.25% | FL.FLSDEV 07.01.2057 | 4.05% |
| FLORIDA DEV FIN CORP REV 12% | FL.FLSDEV 07.15.2032 | 2.64% |
| NEVADA ST DEPT BUSINESS & IND REV 9.5% | NV.NBIDEV 01.01.2065 | 2.58% |
| FLORIDA DEV FIN CORP REV 5.5% | FL.FLSDEV 5.5 07.01.2053 | 2.41% |
| ATLANTA GA DEV AUTH REV 0% | GA.ATLDEV 0 12.15.2048 | 1.61% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 1.53% |
| PUBLIC FIN AUTH WIS REV 5.75% | WI.PUBGEN 5.75 07.01.2054 | 1.35% |
| NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 5.5% | TX.NHPFAC 5.5 01.01.2057 | 1.26% |
| FLORIDA DEV FIN CORP REV 10% | FL.FLSDEV 07.15.2059 | 1.21% |
| HOPKINSVILLE KY EXEMPT FACS REV 6% | KY.HPKGEN 12.01.2054 | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.03855 | Jun 30, 2025 |
| May 30, 2025 | $0.03837 | May 30, 2025 |
| Apr 30, 2025 | $0.04005 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04218 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04221 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04218 | Jan 31, 2025 |