FECM

First Eagle Core Municipal ETF

First Eagle · Bonds & Cash

$24.31▲ +0.0% last session▼ −1.7% since launch

As of 10/29/2026, 4:00:00 PM ET · End-of-day

ETFETF Tracker@TheETFTracker · etftracker.io

Dividend-adjusted total return. Comparisons share the fund’s start date. S&P 500 uses VOO. Missing history is unavailable.

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	▲ +0.0%	▲ +2.6%	▼ −0.8%	—	—	—	—	▼ −1.9%
Peer average	▲ +0.1%	▲ +2.7%	▼ −0.9%	▼ −0.2%	▲ +0.1%	▲ +13.9%	▲ +1.9%	—
S&P 500 · VOO	▼ −0.4%	▲ +0.9%	▲ +3.3%	▲ +13.8%	▲ +13.3%	▲ +88.8%	▲ +81.9%	—

What’s in FECM

What’s in this fund

FECMFirst Eagle Core Municipal ETF

96 largest holdings

As of Oct 30, 2026

Everything else8.0%

CASH2.4%

ETFETF Tracker@TheETFTracker · etftracker.io

Tile size = share of the fund

HoldingsTop 20 · as of Oct 30, 2026

1—CASH2.44%

2—JPMORGAN US GOVT MM1.99%

3—NEW YORK ST DORM AUTH ST PERS INCOME TAX REV REV1.85%

4—NEW JERSEY ST TRANSN TR FD AUTH TRANSN PROGRAM BDS1.79%

5—INDIANA FIN AUTH EDL FACS REV BDS 2026 22/OCT/20261.79%

6—ILLINOIS FIN AUTH REV BDS 2026 21/JUL/20261.72%

7—COLORADO INTL CTR MET DIST NO 14 LTD TAX GEN OBLIG1.68%

8—EANES TEX INDPT SCH DIST UNLTD TAX BLDG BDS 2019 A1.59%

9—KENT CNTY DEL REV REV BDS 2016 30/JUN/20161.55%

10—FLORIDA GULF COAST UNIV FING CORP FLA CAP IMPT REV1.53%

11—NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV FUTURE1.53%

12—NEW YORK ST DORM AUTH ST PERS INCOME TAX REV TAX1.50%

13—KATY TEX INDPT SCH DIST ULTD TAX SCH BLDG BDS 20171.49%

14—DELAWARE CNTY OHIO FIN AUTH SPL OBLIG REV DEV BDS1.49%

15—AUSTIN TEX ELEC UTIL SYS REV REV REF BDS 20171.46%

16—KALAMAZOO MICH PUB SCHS GO UNLTD TAX SCH BLDG SITE1.39%

17—RHODE IS ST HEALTH & EDL BLDG CORP REV BDS 2026A1.37%

18—NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT1.36%

19—ILLINOIS FIN AUTH REV BDS 2016 29/SEP/20161.31%

20—MONTROSE COLO SWR UTIL REV BDS 2026 18/MAR/20261.23%

Go deeper

Prospectus & documentsRead the official filings

Official documents are being connected from SEC EDGAR. Read the issuer’s prospectus before investing.

Fund factsStructure & strategy

Issuer: First Eagle
Inception: 2026-06-30
Exchange: AMEX
CUSIP: 32012B401
Structure: —
Benchmark: —
Leverage: 1x
Reset: —

An actively managed ETF that seeks to provide current income exempt from regular federal income taxes, with capital appreciation as a secondary objective. The fund leverages First Eagle's municipal credit expertise through an actively managed portfolio that is primarily investment grade and diversified across sectors, issuers and maturities.

Trading & liquidityNAV, volume & spreads

Reported net asset value: $24.32
NAV provider updated: 2026-10-30 UTC
Premium / discount: —
Median spread · 30D: —
Average volume · 30D: 1.7K
Shares outstanding: —
Options: —

DistributionsYield & payout history

TTM distribution yield: 1.1%
30-day SEC yield: —
Frequency: —
Latest ex-date: 2026-10-01

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Ex-date	Pay date	Per share
2026-10-01	2026-10-05	$0.09
2026-09-01	2026-09-04	$0.09
2026-08-04	2026-08-07	$0.08

Fees & costsWhat ownership costs

Net expense ratio: 0.40%
Gross expense ratio: —
Management fee: —
Annual cost per $10,000: $40.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

RiskVolatility & drawdown

Our risk indicator: 2/5 · rule-based
Annualized volatility · 1Y: —
Beta vs VOO · 1Y: —
Maximum drawdown · 1Y: —

Historical risk measures describe past behavior and do not predict future returns.

From the issuer

Hear the strategy from the people behind FECM.

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