First Eagle Core Municipal ETFFECM

$24.37

−0.3% last session

[…] YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · Oct 6, 2026 – Nov 4, 2026FECM

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.3%	+2.4%	−1.0%	—	—	—	—	−1.6%
Peer average	0.0%	+2.9%	−0.9%	+0.3%	+0.6%	+14.6%	+2.5%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $16M
Expense ratio: 0.40%
Distribution yield: 1.1%
NAV: $24.44
Volume: 1K
Avg. volume 30D: 2K
High today: $24.38
Low today: $24.34
Previous close: $24.44
52-week high: $25.14
52-week low: $23.58
Our risk indicator: 2/5

FECM in One Breath

FECM Among Municipal ETFs

YTD

#1MMMANY Life Investments+2.2%$59.3M

#2MYMGSPDR+1.9%$8.6M

#3SMMUPIMCO+1.9%$1.3B

#4MYMFSPDR+1.9%$8.7M

#5IBMOiShares+1.9%$499M

#6FTMSFranklin Templeton+1.9%$265M

#7MMSDNY Life Investments+1.8%$87.1M

#8MUNAFlexShares+1.8%$8.0M

#9CGSMCapital Group+1.7%$1.7B

End-of-day Nov 4, 2026 · 141 Municipal ETFs by YTD

$10,000 in FECM

$10,000 in FECM became

$9,839

In the S&P 500 (VOO)

$10,144

Total return, dividends in · Jul 1, 2026 – Nov 3, 2026 · S&P 500 uses VOO

FECM’s Top Holdings

Today

NEW YORK ST DONew York St Dorm Auth St Pers Income Tax Rev Rev2.4%NEW YORK N Y2.4%BLACK BELT E2.0%AUSTIN TEX E2.0%INDIANA FIN 1.8%NEW JERSEY S1.8%ILLINOIS FIN1.7%COLORADO INT1.7%EANES TEX IN1.6%KENT CNTY DE1.5%FLORIDA GULF1.5%BLOOMINGTON 1.5%NEW YORK ST 1.5%DELAWARE CNT1.5%KATY TEX IND1.5%KALAMAZOO MI1.4%JPMORGAN US 1.4%RHODE IS ST 1.3%NEW YORK ST 1.3%ILLINOIS FIN1.3%MONTROSE COL1.2%NORTHAMPTON 1.2%

First Eagle FECM · 0 holdings · tile size = share of the fund · as of Nov 3, 2026

What FECM Holds

Today

All holdings100.0%

NEW YORK S 2.4 · NEW YORK N 2.4 · BLACK BELT 2.0 · AUSTIN TEX 2.0 · INDIANA FI 1.8 · NEW JERSEY 1.8 · ILLINOIS F 1.7

First Eagle FECM · share of the fund · as of Nov 3, 2026

New’s Share of FECM

Today

2.4%

$24 of every $1,000 in FECM is New

New held by FECM

$395K

First Eagle FECM · each square = $10 of $1,000 · as of Nov 3, 2026

FECM’s Share of Municipal ETFs

Today

0.0%

of the $244B in 166 Municipal ETFs

FECM$16.5M0.0%

MUB$54.5B22.3%

VTEB$49.6B20.3%

163 others$140B57.3%

Municipal ETF AUM · Nov 4, 2026

FECM Fee per $100 vs Peers

Today

$0.40a year
per $100

$40 a year on $10,000

VTEB$0.03

MUB$0.05

SUB$0.07

JMUB$0.18

CGMU$0.27

FECM$0.40

Expense ratio · Municipal peers · Nov 4, 2026

Inside FECM

as of Nov 3, 2026

FECM

First Eagle Core Municipal ETF

Today

All holdings100.0%NEW York S2.4%NEW York N2.4%Black Belt2.0%Austin TEX2.0%Indiana FI1.8%NEW Jersey1.8%Illinois F1.7%Colorado I1.7%Eanes TEX 1.6%82 more holdings75.3% of the fund

All holdings100.0%90 more holdings87.7% of the fund

#	Ticker	Company	Weight ▼
1	—	NEW York ST Dorm Auth ST Pers Income TAX REV REV	2.40%
2	—	NEW York N Y City Transitional FIN Auth REV Future	2.38%
3	—	Black Belt Energy GAS Dist ALA GAS Proj REV BDS	2.03%
4	—	Austin TEX Elec Util SYS REV REV REF BDS 2017	2.02%
5	—	Indiana FIN Auth EDL Facs REV BDS 2026 22/oct/2026	1.76%
6	—	NEW Jersey ST Transn TR FD Auth Transn Program BDS	1.75%
7	—	Illinois FIN Auth REV BDS 2026 21/jul/2026	1.70%
8	—	Colorado Intl CTR MET Dist NO 14 TAX GEN Oblig	1.65%
9	—	Eanes TEX Indpt SCH Dist Unltd TAX Bldg BDS 2019 A	1.57%
10	—	Kent Cnty DEL REV REV BDS 2016 30/jun/2016	1.52%

First Eagle FECM · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 32.9%

How It Compares

FECM

First Eagle Core Municipal ETF’s Peers

YTD

		Trend
MUB	iSharesRead Desk		0.05%	−0.4%	+0.1%	$54.5B
VTEB	VanguardRead Desk		0.03%	−0.3%	+0.1%	$49.6B
SUB	iSharesRead Desk		0.07%	+1.4%	+2.2%	$13.3B
JMUB	J.P. MorganRead Desk		0.18%	0.0%	+0.3%	$9.0B
CGMU	Capital GroupRead Desk		0.27%	+0.5%	+1.1%	$7.5B
FECM	First EagleThis fundRead Desk	New fund	0.40%	new	new	$16M

Municipal peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put FECM head to head with MUB →

MUB vs FECM

YTD

MUBiShares · MunicipalFECMFirst Eagle · Municipal

Year to date

−0.4%

[…]

Level

Past year

+0.1%

[…]

Level

Fee

0.05%

0.40%

MUB winslower fee

Yield

3.3%

1.1%

MUB wins+2.2 pts

AUM

$54.5B

$16.5M

MUB3302.7× more

2–0MUB wins

iShares MUB and First Eagle FECM · year-to-date · as of Nov 4, 2026 · AUM not scored

FECM vs Its Peer Average

YTD

FECMAvsBPeer average

1D−0.3%0.0%

1M+2.4%+2.9%

3M−1.0%−0.9%

YTD[…]+0.3%

1Y[…]+0.6%

3Y[…]+14.6%

5Y[…]+2.5%

0–3Peer average wins

165 Municipal peers · each row scaled to its leader

The Details

FECM

Risk

2/5our risk indicator

CalmerBumpier

Volatility · 1Y[…]

Deepest drop · 1Y[…]

Lowest point · 5Y−5.2%

52-week range

$24.37

$23.58−3.1% from the high$25.14

First Eagle FECM · past-year price moves · as of Nov 4, 2026

FECM

Fund Facts

Today

2026launched Jun 30

Tracks[…]

Exchange · CUSIPAMEX · 32012B401

StructureETF

Leverage1x

Cost on $10,000$40 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Eagle FECM · fund facts · as of Nov 4, 2026

FECM

Payouts by Year

$0.0930per share, Oct 2026

Distribution yield1.1%

PaidEvery month

Latest ex-date · paidOct 1 · Oct 5, 2026

3 payouts added up$0.27 a share

First Eagle FECM · distributions by ex-date · 2026–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

Official documents are being connected from SEC EDGAR: […]. Read the issuer’s prospectus before investing.

Trading & Liquidity

Net asset value$24.44

Premium / discount[…]

Median spread · 30D[…]

Volume today1K

Average volume · 30D2K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.40%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$40.00

Our risk indicator2/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Oct 1, 2026	Oct 5, 2026	$0.0930
Sep 1, 2026	Sep 4, 2026	$0.0940
Aug 4, 2026	Aug 7, 2026	$0.0790

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