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Morningstar

First Eagle High Yield Municipal I FEHIX

Morningstar Medalist Rating
Medalist Rating as of | See First Eagle Investment Hub
  • NAV / 1-Day Return 8.25  /  +0.14 %
  • Total Assets 810.5 Mil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 1.000%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 5.37%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FEHIX

Will FEHIX 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 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.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest 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
Rated on Published on

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Portfolio Holdings FEHIX

More FEHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FLORIDA DEV FIN CORP SURFACE TRANSN FAC REV 7.375%

2.99 22.6 Mil
municipal

FLORIDA DEV FIN CORP REV 8.25%

2.64 20.0 Mil
municipal

OLNEY TEX HAMILTON HOSP DIST 6.25%

2.39 18.1 Mil
municipal

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

2.20 16.7 Mil
municipal

PUBLIC FIN AUTH WIS TAX INCREMENT REV 8%

1.93 14.6 Mil
municipal

METROPOLITAN TRANSN AUTH N Y REV 4.45%

1.74 13.1 Mil
municipal

ARKANSAS ST DEV FIN AUTH INDL DEV REV 12%

1.68 12.7 Mil
municipal

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

1.61 12.2 Mil
municipal

LUCAS CNTY OHIO HOSP REV 5.25%

1.58 12.0 Mil
municipal

GAINESVILLE FLA UTILS SYS REV 4.5%

1.47 11.2 Mil
municipal