- What does FPMAX invest in?
- The First Eagle Core Plus Municipal Fund (Class A), an actively managed, open-ended mutual fund managed by First Eagle Investment Management, LLC, aims to deliver a high level of current income that is free from standard U.S. federal income tax. The fund primarily holds investment-grade municipal bonds issued by U.S. states, territories, and their various political entities. To potentially enhance income, it may also strategically invest a portion of its assets in higher-yielding, non-investment-grade municipal debt. The investment team utilizes a thorough, research-led, and value-focused credit strategy, emphasizing the mitigation of downside risk, the inclusion of strong structural safeguards, and the identification of attractive relative value opportunities across the municipal bond market spectrum. FEF Distributors, LLC handles the distribution of this fund.
- What is the expense ratio of FPMAX?
- First Eagle Core Plus Municipal Fund Class A (FPMAX) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations.
- What is FPMAX's dividend yield?
- FPMAX's trailing-twelve-month yield is 3.10%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of FPMAX?
- Effective duration measures FPMAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FPMAX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of FPMAX?
- FPMAX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of FPMAX?
- Yield to maturity (YTM) is the total return you'd earn from FPMAX if every bond in the portfolio is held to maturity at the current price. FPMAX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
