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Morningstar

First Eagle High Yield Municipal R6 FEHRX

Morningstar Medalist Rating
Medalist Rating as of | See First Eagle Investment Hub
  • NAV / 1-Day Return 8.45  /  +0.02 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Retirement, Large
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.41%
  • Effective Duration —

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FEHRX

Will FEHRX outperform in 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 FEHRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FEHRX 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 FEHRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin First Eagle High Yield Municipal R6's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers. The strategy changed its peer group last February, moving from the High Yield Bond category to the High Yield Muni Morningstar Category.

by Morningstar Manager Research
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Portfolio Holdings FEHRX

More FEHRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FLORIDA DEV FIN CORP REV 12%

4.22 42.7 Mil
municipal

PUBLIC FIN AUTH WIS MULTIFAMILY AFFORDABLE HSG CTFS 6.81%

2.69 27.2 Mil
municipal

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.375%

2.31 23.4 Mil
municipal

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

2.18 22.1 Mil
municipal

PUBLIC FIN AUTH WIS TAX INCREMENT REV 8%

2.05 20.8 Mil
municipal

FLORIDA DEV FIN CORP REV 8.25%

1.99 20.2 Mil
municipal

OLNEY TEX HAMILTON HOSP DIST 6.25%

1.69 17.1 Mil
municipal

CSCDA CMNTY IMPT AUTH CALIF ESSENTIAL HSG REV 4%

1.66 16.8 Mil
municipal

SUFFOLK REGL OFF-TRACK BETTING CORP N Y REV 6%

1.60 16.2 Mil
municipal

LUCAS CNTY OHIO HOSP REV 5.25%

1.28 13.0 Mil
municipal