First Eagle Core Plus Municipal A (FPMAX)

Overview

The First Eagle Core Plus Municipal Fund (Class A) is an actively managed open-ended mutual fund provided by First Eagle Investment Management, LLC. The main purpose of this fund is to deliver a high level of current income that is exempt from regular U.S. federal income tax. To achieve this objective, the fund primarily invests in investment-grade municipal bonds that are issued by various U.S. states, territories, and their political subdivisions. Additionally, the fund may allocate a portion of its portfolio to higher-yielding below-investment-grade municipal securities in order to enhance income-generating potential.

The investment strategy employed by the fund's team involves a research-driven, value-oriented credit approach. This methodology emphasizes several key factors including the management of downside risk, structural protections, and the identification of relative-value opportunities throughout the municipal yield curve. The fund is distributed by FEF Distributors, LLC, ensuring that potential investors have access to its offerings.

Products and Services

• Mutual Fund Investment: The fund provides investors with access to a portfolio primarily composed of investment-grade municipal bonds, providing tax-exempt income while maintaining a focus on quality and risk management.
• Research-Driven Investment Approach: The investment team utilizes a comprehensive and analytical strategy to evaluate credit risks and assess value opportunities, aiming for long-term capital stability and income growth.
• Portfolio Diversification: The fund allocates resources across various sectors within the municipal bond market, including territories and political subdivisions, which helps mitigate risks associated with individual issuers.
• Income Enhancement Strategies: By selectively investing in higher-yielding below-investment-grade municipal securities, the fund seeks to maximize income potential for its investors, providing a balance of risk and return.
• Tax-Efficient Income: The fund’s focus on municipal bonds ensures that the income generated is exempt from regular U.S. federal income tax, offering an attractive option for tax-conscious investors.