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Morningstar

First Eagle High Yield Municipal I FEHIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See First Eagle Investment Hub

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-lowest fee quintile among peers. The strategy changed its peer group in February, moving from the High Yield Bond category to the High Yield Muni Morningstar Category.

by Morningstar Manager Research
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