Morningstar

First Eagle Short Duration High Yield Municipal Fund Class A FDUAX

Morningstar Medalist Rating
Medalist Rating as of | See First Eagle Investment Hub
  • NAV / 1-Day Return 9.84  /  −0.10 %
  • Total Assets 2.1B
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 0.850%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.30%
  • Effective Duration 4.08 years

USD | NAV as of Aug 15, 2026 | 1-Day Return as of Aug 15, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FDUAX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Eagle Short Dur Hi Yld Muncpl A 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 FDUAX

More FDUAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FLORIDA DEV FIN CORP REV 10%

1.86 38M
municipal

DENVER COLO CITY & CNTY SPL FACS ARPT REV 5%

1.80 37M
municipal

WESTCHESTER CNTY N Y LOC DEV CORP REV 6.5%

1.60 33M
municipal

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

1.50 31M
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

1.38 29M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.5%

1.28 26M
municipal

DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY 12%

1.20 25M
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 5.45%

1.12 23M
municipal

NEW JERSEY ECONOMIC DEV AUTH DOCK & WHARF FAC REV 6.375%

1.11 23M
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 3.05%

1.07 22M
municipal

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