First Eagle High Yield Municipal Fund Class I (FEHIX)
NASDAQ NASDAQ Primary Summary
FEHIX Chart
First Eagle High Yield Municipal Fund Class I Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Bruce Wheadon Transce3nd, LLC | 7,889 | $62,546.67 | $63,822.01 | $1,275.34 | 2.04% |
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First Eagle High Yield Municipal Fund Class I Profile
| NASDAQ Exchange | United States Country |
Overview
The fund is an investment portfolio that primarily focuses on acquiring municipal bonds with the objective of providing earnings exempt from regular federal personal income tax. It targets bonds issued by various U.S. entities, including states, cities, and other governmental subdivisions, in addition to obligations from U.S. territories. These bonds offer a tax-advantaged income stream, appealing to investors seeking to maximize their after-tax returns. The fund commits at least 80% of its net assets to these tax-exempt bonds, in line with its investment strategy and objectives.
Products and Services
- Municipal Bonds Investment
At the core of its offerings, the fund invests in municipal bonds that provide income exempt from regular federal personal income tax. These investments are carefully selected to meet the fund’s criteria of offering tax-efficient returns to investors. The focus is on bonds issued by U.S. states and their political subdivisions, authorities, instrumentalities, and corporations, along with U.S. territories.
- Tax-Exempt Income
The primary service offered by the fund is the opportunity for investors to earn income that is not subject to federal personal income tax. This service is particularly appealing to those in higher tax brackets looking to mitigate their tax liability while receiving steady income. The fund achieves this by focusing on municipal bonds whose interest payments are exempt from such taxes, providing a direct benefit to its investors in the form of tax savings.
- Diverse Municipal Bond Types
The fund does not limit its investments to a single type of municipal bond. Instead, it diversifies across various types of obligations including general obligation bonds, revenue bonds, and other types of municipal securities that qualify for tax-exempt status. This strategy not only helps in managing risk through diversification but also in capturing opportunities across different sectors and geographic regions within the U.S. and its territories.
