First Eagle High Income Fund (FEHIX)
To pursue its investment objective, the fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds. It may invest in, and count for the purposes of this 80% allotment, unrated securities or other instruments deemed by the fund's Adviser to be below investment grade.
Fund Info
ISIN | US32008F7134 |
---|---|
Issuer | First Eagle |
Inception Date | Nov 19, 2007 |
Category | High Yield Bonds |
Min. Investment | $1,000,000 |
Asset Class | Bond |
Expense Ratio
FEHIX has a high expense ratio of 0.80%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Eagle High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Eagle High Income Fund had a return of 4.91% year-to-date (YTD) and 11.01% in the last 12 months. Over the past 10 years, First Eagle High Income Fund had an annualized return of 3.40%, while the S&P 500 had an annualized return of 10.71%, indicating that First Eagle High Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.91% | 8.76% |
1 month | 2.08% | -0.28% |
6 months | 8.80% | 18.36% |
1 year | 11.01% | 25.94% |
5 years (annualized) | 3.88% | 12.51% |
10 years (annualized) | 3.40% | 10.71% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.49% | 1.75% | 1.60% | -0.59% | ||||||||
2023 | -0.92% | 3.43% | 1.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FEHIX is 93, placing it in the top 7% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FEHIX (First Eagle High Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Eagle High Income Fund granted a 4.96% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.42 | $0.43 | $0.39 | $0.35 | $0.39 | $0.39 | $0.47 | $0.48 | $0.55 | $0.62 | $0.66 | $0.61 |
Dividend yield | 4.96% | 5.28% | 5.02% | 3.86% | 4.33% | 4.40% | 5.56% | 5.31% | 6.09% | 7.54% | 6.98% | 6.00% |
Monthly Dividends
The table displays the monthly dividend distributions for First Eagle High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.04 | $0.04 | $0.04 | ||||||||
2023 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2022 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2017 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2016 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
2015 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.09 |
2014 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.15 |
2013 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Eagle High Income Fund. 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 High Income Fund was 18.27%, occurring on Feb 11, 2016. Recovery took 143 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-18.27% | Jun 1, 2015 | 178 | Feb 11, 2016 | 143 | Sep 6, 2016 | 321 |
-16.14% | Jan 21, 2020 | 44 | Mar 23, 2020 | 98 | Aug 11, 2020 | 142 |
-12.56% | Jan 3, 2022 | 187 | Sep 29, 2022 | 314 | Dec 29, 2023 | 501 |
-6.87% | Jul 8, 2014 | 114 | Dec 16, 2014 | 112 | May 29, 2015 | 226 |
-4.17% | Oct 4, 2018 | 57 | Dec 26, 2018 | 43 | Feb 28, 2019 | 100 |
Volatility
Volatility Chart
The current First Eagle High Income Fund volatility is 1.23%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.