# First Eagle Core Plus Municipal Fund Class A (FPMAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fpmax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Eagle · Asset class: Bond - Strategy: Actively Managed · Inception: 2025-11-20 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 c... ## Key Facts | Metric | Value | |---|---| | Price | $9.93 | | Expense Ratio | 0.67% | | Assets Under Management | $150.79B | | NAV | $9.93 | | Holdings Count | — | | Distribution Yield (TTM) | 3.99% | | Annual Distribution (TTM) | $0.40 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.64 – $10.34 | | Beta | 0.08 | ## Latest Distribution - Amount: $0.0406 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### 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 3.99%, 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. ### Does FPMAX pay a dividend? Yes, First Eagle Core Plus Municipal Fund Class A (FPMAX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.99%. Full dividend history is on this page. ### How often does FPMAX pay dividends? First Eagle Core Plus Municipal Fund Class A pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FPMAX's next ex-dividend date? The most recently announced ex-dividend date for FPMAX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FPMAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.67% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FPMAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FPMAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FPMAX cost more than a fund like VOO? FPMAX is actively managed (current expense ratio 0.67%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether FPMAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to FPMAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FPMAX (0.67%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fpmax - Distribution history: https://www.dividenddata.com/funds/fpmax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fpmax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fpmax/expenses - Peer comparison: https://www.dividenddata.com/funds/fpmax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.