Morningstar

First Eagle High Yield Municipal Fund Class I FEHIX

Morningstar Medalist Rating
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Medalist Rating as of See First Eagle Investment Hub
  • NAV / 1-Day Return $7.53  /  +0.13 %
  • Fund Size $6.5B
  • Adjusted Expense Ratio 0.570%
  • Net Expense Ratio 0.920%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1M
  • Investment Status Open
  • TTM Yield 6.80%
  • Average Effective Duration 12.70 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FEHIX

Will FEHIX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FEHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FEHIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FEHIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Eagle High Yield Municipal I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FEHIX

More FEHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUBLIC FIN AUTH WIS TOLL REV 5.75%

3.32 218M
municipal

FLORIDA DEV FIN CORP REV 10%

3.05 200M
municipal

ATLANTA GA DEV AUTH REV 0%

1.82 119M
municipal

NEW HOPE CULTURAL ED FACS FIN CORP TEX SR LIVING REV 5.5%

1.76 115M
municipal

DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY 12%

1.72 113M
municipal

FLORIDA DEV FIN CORP REV 5.5%

1.54 101M
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 12%

1.16 76M
municipal

CHICAGO ILL BRD ED 7%

0.90 59M
municipal

BERKS CNTY PA MUN AUTH REV 5%

0.78 51M
municipal

PUBLIC FIN AUTH WIS TOLL REV 6.5%

0.71 46M
municipal

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