First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX)

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First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX) is up 2.0% since the beginning of the year. FDUAX is currently trading at $10 per share.

First Eagle Short Duration High Yield Municipal Fund Class A (FDUAX) has returned 2.04% so far this year and 2.29% over the past 12 months.

Based on dividend-adjusted daily data since Jan 17, 2024, FDUAX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 77% of months were positive and 23% were negative. The best month was Sep 2025 with a return of +1.5%, while the worst month was Jul 2025 at -2.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 2 months.

On a daily basis, FDUAX closed higher 34% of trading days. The best single day was Apr 10, 2025 with a return of +1.6%, while the worst single day was Apr 9, 2025 at -1.3%.

First Eagle Short Duration High Yield Municipal Fund Class A has an annualized alpha of 4.50%, beta of -0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 17, 2024.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (13.15%) than losses (5.49%) - typical of diversified or defensive assets.
• Beta of -0.02 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FDUAX has an expense ratio of 0.87%, placing it in the medium range.

FDUAX ranks 9 for risk / return — in the bottom 9% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

First Eagle Short Duration High Yield Municipal Fund Class A provided a 5.17% dividend yield over the last twelve months, with an annual payout of $0.51 per share.

The table displays the monthly dividend distributions for First Eagle Short Duration High Yield Municipal Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Eagle Short Duration High Yield Municipal Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Eagle Short Duration High Yield Municipal Fund Class A was 3.96%, occurring on Jul 18, 2025. Recovery took 135 trading sessions.

The chart below shows the rolling one-month volatility.