First Eagle Short Duration High Yield Municipal Fund is an open-end municipal bond fund focused on generating tax-exempt income with limited interest rate exposure. Managed by First Eagle’s Municipal Credit team, it invests primarily in below‑investment‑grade municipal securities while keeping portfolio duration on the shorter end to help moderate sensitivity to rate changes and support more stable price behavior. The strategy emphasizes rigorous bottom‑up credit work, active surveillance, and selective positioning across revenue-backed sectors such as infrastructure, transportation, senior living, and special assessment districts. Launched in 2024, it has scaled rapidly alongside First Eagle’s broader municipal platform, reflecting demand for short-duration, tax-aware income solutions. The fund’s profile aligns with investors seeking federally tax‑exempt income from high yield municipal credit, paired with an explicit aim to manage duration risk relative to traditional long-maturity muni strategies. According to sponsor materials, share classes and expenses vary, and performance is presented net of fees with standard disclosures regarding volatility, credit risk, and high yield characteristics.
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