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Morningstar

First Eagle High Income Fund Class I FEHIX

Morningstar Medalist Rating
Medalist Rating as of | See First Eagle Investment Hub
  • NAV / 1-Day Return 8.06  /  0.01 %
  • Total Assets 122.0 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.34%
  • Effective Duration —

USD | NAV as of Dec 07, 2023 | 1-Day Return as of Dec 07, 2023, 11:13 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.

First Eagle High Income Fund Class I's recent fee cut and Process Pillar rating increase lead to an upgrade in this strategy's Morningstar Medalist Rating to Silver from Neutral.

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.

by Morningstar Manager Research
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Portfolio Holdings FEHIX

More FEHIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 124
  • Other Holdings 9
  • % Assets in Top 10 Holdings 18.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

General Motors Financial Company Inc 0%

4.72
7,005,935
Cash and Equivalents

CITGO Petroleum Corporation 7%

2.69
3,992,434
Corporate

Ford Motor Credit Company LLC 5.584%

2.31
3,425,623
Corporate

Mexico Remittances Funding Fiduciary Estate Management 4.875%

2.00
2,970,096
Securitized

Carnival Corporation 5.75%

1.97
2,925,986
Corporate

Ford Motor Credit Company LLC 3.81%

1.70
2,517,444
Cash and Equivalents

Caesars Entertainment Inc New 6.25%

1.69
2,512,158
Corporate

Mileage Plus Hldgs Llc / Mileage Plus Intellectual Property Assets Ltd 6.5%

1.65
2,446,310
Corporate

GLOBAL PAYMENTS INC 0%

1.63
2,418,598
Cash and Equivalents

Interface, Inc. 5.5%

1.63
2,413,183
Corporate