Morningstar

First Eagle High Yield Municipal Fund Class A FEHAX

Morningstar Medalist Rating
Medalist Rating as of | See First Eagle Investment Hub
  • NAV / 1-Day Return 8.09  /  +0.12 %
  • Total Assets 7.3B
  • Adj. Expense Ratio
    0.790%
  • Expense Ratio 1.150%
  • 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 5.94%
  • Effective Duration 11.77 years

USD | NAV as of Jun 17, 2026 | 1-Day Return as of Jun 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FEHAX

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

  • People Pillar

    The People Pillar is our evaluation of the FEHAX 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 FEHAX’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 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 FEHAX

More FEHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PUBLIC FIN AUTH WIS TOLL REV 5.75%

3.19 232M
municipal

FLORIDA DEV FIN CORP REV 10%

2.66 194M
municipal

FLORIDA DEV FIN CORP REV 5.5%

1.91 139M
municipal

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

1.77 129M
municipal

ATLANTA GA DEV AUTH REV 0%

1.67 121M
municipal

JPMorgan US Government MMkt Capital

1.37 100M
Cash and Equivalents

PUBLIC FIN AUTH WIS REV 5.75%

1.25 91M
municipal

DIRECTOR ST NEV DEPT BUSINESS & INDUSTRY 12%

1.23 90M
municipal

FLORIDA DEV FIN CORP REV 12%

0.88 64M
municipal

CHICAGO ILL BRD ED 7%

0.83 60M
municipal

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