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
US32008F7134
Nov 19, 2007
$1,000,000
Expense Ratio
FEHIX features an expense ratio of 0.80%, falling within the medium range.
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 1.26% year-to-date (YTD) and 12.05% in the last 12 months. Over the past 10 years, First Eagle High Income Fund had an annualized return of 4.47%, while the S&P 500 had an annualized return of 11.26%, indicating that First Eagle High Income Fund did not perform as well as the benchmark.
FEHIX
1.26%
1.38%
2.34%
12.05%
4.83%
4.47%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FEHIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.03% | 1.26% | |||||||||||
| 2024 | 0.98% | 1.76% | 1.60% | -0.58% | 1.60% | 2.90% | 1.44% | 1.16% | 1.71% | -1.38% | 2.18% | -1.84% | 12.01% |
| 2023 | 3.00% | -1.34% | 1.60% | 0.69% | -0.54% | 1.09% | 1.08% | 0.34% | -1.05% | -0.92% | 3.43% | 1.81% | 9.46% |
| 2022 | -2.00% | -1.28% | -1.26% | -2.63% | 0.15% | -5.46% | 4.44% | -1.32% | -3.24% | 2.68% | 1.58% | -0.07% | -8.46% |
| 2021 | -0.01% | -1.00% | 0.33% | 0.31% | 0.65% | 1.90% | 0.43% | 0.33% | 0.21% | -0.34% | -0.78% | 1.45% | 3.50% |
| 2020 | -0.07% | -1.56% | -10.65% | 4.58% | 2.79% | 2.24% | 3.29% | 2.03% | 0.37% | 0.68% | 2.62% | 1.70% | 7.36% |
| 2019 | 2.49% | 1.58% | -0.01% | 0.76% | -0.40% | 1.66% | 0.54% | 0.56% | 0.18% | -0.52% | 0.25% | 1.55% | 8.95% |
| 2018 | 1.02% | -1.02% | 0.92% | 0.19% | 0.32% | 0.35% | 0.56% | 0.42% | 0.64% | -0.78% | -1.36% | -1.62% | -0.40% |
| 2017 | 1.11% | 0.33% | 0.23% | 0.85% | 0.55% | -0.34% | 0.78% | -0.53% | 0.93% | 0.61% | 0.00% | 0.12% | 4.74% |
| 2016 | -3.70% | -0.58% | 6.12% | 4.79% | 1.18% | 1.01% | 1.79% | 1.95% | 1.10% | 1.34% | -0.44% | 1.80% | 17.23% |
| 2015 | 0.00% | 2.53% | -0.23% | 2.07% | 0.69% | -1.26% | -1.59% | -2.14% | -2.21% | 1.35% | -1.57% | -4.62% | -6.98% |
| 2014 | 0.65% | 1.54% | 0.37% | 0.43% | 0.83% | 0.74% | -0.60% | 0.55% | -1.70% | 0.07% | -0.92% | -3.03% | -1.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 92, FEHIX is among the top 8% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 5.58% dividend yield over the last twelve months, with an annual payout of $0.48 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.48 | $0.43 | $0.39 | $0.35 | $0.39 | $0.41 | $0.47 | $0.48 | $0.55 | $0.62 | $0.57 |
Dividend yield | 5.58% | 5.63% | 5.28% | 5.01% | 3.87% | 4.35% | 4.70% | 5.56% | 5.33% | 6.09% | 7.54% | 6.05% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 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 | $0.43 |
| 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 | $0.39 |
| 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 | $0.35 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.39 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
| 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 | $0.47 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.48 |
| 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 | $0.55 |
| 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 | $0.62 |
| 2014 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.57 |
Drawdowns
Drawdowns Chart
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.
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 18.91%, occurring on Feb 11, 2016. Recovery took 160 trading sessions.
The current First Eagle High Income Fund drawdown is 0.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.91% | Jul 8, 2014 | 404 | Feb 11, 2016 | 160 | Sep 29, 2016 | 564 |
| -16.14% | Jan 6, 2020 | 54 | Mar 23, 2020 | 98 | Aug 11, 2020 | 152 |
| -12.56% | Jan 3, 2022 | 187 | Sep 29, 2022 | 314 | Dec 29, 2023 | 501 |
| -4.17% | Oct 4, 2018 | 57 | Dec 26, 2018 | 43 | Feb 28, 2019 | 100 |
| -3.59% | May 10, 2013 | 32 | Jun 25, 2013 | 80 | Oct 17, 2013 | 112 |
Volatility
Volatility Chart
The current First Eagle High Income Fund volatility is 1.33%, 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.