First Eagle High Yield Municipal R6 (FEHRX)

Fund Assets	6.60B
Expense Ratio	1.341%
Min. Investment	$1,000,000
Turnover	82.00%
Dividend (ttm)	0.50
Dividend Yield	6.89%
Dividend Growth	1.75%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	7.32
YTD Return	-4.38%
1-Year Return	-3.96%
5-Year Return	6.26%
52-Week Low	7.21
52-Week High	8.21
Beta (5Y)	0.35
Holdings	1814
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.

• Fund Family: First Eagle
• Category: High Yield
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FEHRX
• Share Class: Class R6
• Index: Bloomberg U.S. Corporate High Yield TR

Performance

FEHRX had a total return of -3.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.81%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FEHIX	Class I	1.36%
FEHAX	Class A	1.58%
FEHCX	Class C	2.34%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.04207	Sep 30, 2026
Aug 31, 2026	$0.04207	Aug 31, 2026
Jul 31, 2026	$0.04202	Jul 31, 2026
Jun 30, 2026	$0.04201	Jun 30, 2026
May 29, 2026	$0.04206	May 29, 2026
Apr 30, 2026	$0.04207	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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