First Eagle Core Municipal ETF (FECM)

The First Eagle Core Municipal ETF (FECM) is an actively managed fixed income fund from First Eagle Investments, a New York-based asset manager. It seeks current income exempt from regular federal income tax, consistent with preservation of capital.

The fund invests primarily in investment-grade municipal bonds issued by states, local governments and public agencies across the United States, spanning general obligation and revenue bonds and a range of maturities.

First Eagle's municipal team selects bonds through credit research and relative-value analysis across issuers, sectors and the yield curve rather than tracking an index.