First Eagle High Income Fund (FEHIX)

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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.

First Eagle High Income Fund (FEHIX) has returned -0.97% so far this year and -2.37% over the past 12 months. Over the last ten years, FEHIX has returned 4.69% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Nov 20, 2007, FEHIX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, your investment would double in approximately 21.4 years.

Historically, 64% of months were positive and 36% were negative. The best month was May 2009 with a return of +8.2%, while the worst month was Oct 2008 at -11.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FEHIX closed higher 40% of trading days. The best single day was Apr 10, 2025 with a return of +3.0%, while the worst single day was Dec 9, 2010 at -7.9%.

First Eagle High Income Fund has an annualized alpha of 2.38%, beta of 0.08, and R² of 0.08 versus S&P 500 Index. Calculated based on daily prices since November 21, 2007.

• This fund participated in 40.01% of S&P 500 Index downside but only 30.73% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.08 may look defensive, but with R² of 0.08 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 0.08 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.

FEHIX has an expense ratio of 0.80%, placing it in the medium range.

FEHIX ranks 3 for risk / return — in the bottom 3% 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.

The table below present risk-adjusted performance metrics for First Eagle High Income Fund (FEHIX) and compare them to a chosen benchmark (S&P 500 Index).

First Eagle High Income Fund provided a 5.66% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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 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 29.59%, occurring on Dec 12, 2008. Recovery took 191 trading sessions.

The current First Eagle High Income Fund drawdown is 4.28%.

The chart below shows the rolling one-month volatility.