FDURX

About FDURX

First Eagle Short Duration High Yield Municipal Fund Class R6 is an open-end mutual fund focused on U.S. municipal debt with an emphasis on short duration and below-investment-grade credit. Its primary objective is to deliver tax-exempt income while seeking to limit interest rate sensitivity through a shorter interest rate profile. The strategy is managed by First Eagle’s municipal credit team and invests across revenue-backed and general obligation issuers, prioritizing rigorous credit research, active surveillance, and selective positioning. The fund targets segments of the municipal market where fundamental analysis can identify resilient cash flows and covenant strength, aiming to balance high-yield income characteristics with controlled duration risk. Launched in 2024, it complements the firm’s broader municipal platform and is designed for investors who value tax-aware income and diversification relative to taxable corporate credit. Class R6 shares are institutional in nature, typically carrying no sales load and lower operating expenses relative to retail share classes, which can enhance cost efficiency for qualified plans and fiduciary platforms. The fund’s role in the market is to provide access to high-yield municipal bonds with a disciplined, short-duration approach.