FEMD – First Eagle Mid Cap Equity ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks long-term growth of capital. The fund is an actively managed exchange-traded fund (“ETF”) and invests, under normal circumstances, in equity securities of U.S. mid-cap companies in an attempt to take advantage of what the Adviser believes are opportunistic situations for undervalued securities. Normally, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities of U.S. mid-cap companies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FEMD	First Eagle Mid Cap Equity ETF	ETF	Open	—	—	Jan 26, 2026	$3.79M	0.550%	—	—	—

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