FGOEYX

About FGOEYX

First Eagle Intermediate Municipal Fund is an open-end mutual fund focusing on municipal debt securities. Its primary purpose is to provide investors with a high level of current income that is exempt from regular federal income taxes. The fund employs an actively managed strategy, seeking to invest in a diversified portfolio of municipal bonds, often with an emphasis on securities rated below investment grade—also known as high-yield or non-investment grade munis. This approach allows the fund to target higher yields compared to traditional municipal bond funds, albeit with increased credit and market risk. The securities held in the portfolio are generally issued by state and local governments or agencies to fund infrastructure and public projects. As a municipal bond fund, it plays a significant role for investors looking for tax-advantaged income and portfolio diversification within the fixed income sector. The fund's relevance in the market is tied to its objective of offering steady income potential while managing the risks associated with interest rate changes and credit quality among issuers.