First EagleBonds & CashMunicipal

First Eagle Core Municipal ETFFECM

1D 1M 3MYTD1Y3Y5YMAX

S&P 500 Compare

$24.59+0.2%

+$0.05 · Nov 6 close

Buy

AUM: $17M
Fee: 0.40%
Yield: 1.4%

Risk: 2/5
Volume: 8K
NAV: $24.50

What's insideAll 134 →

JPMORGAN US GOVT MM 2.9%NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV FUTURE 2.4%BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV BDS 2.1%AUSTIN TEX ELEC UTIL SYS REV REV REF BDS 2017 2.0%

52-week range2% below the high

$23.58$25.14

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	+0.2%	+4.1%	+0.1%	—	—	—	—	−0.4%
Peer average	+0.2%	+4.2%	−0.2%	+1.1%	+1.5%	+15.2%	+3.0%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

FECM in One Breath

FECM Among Municipal ETFs

YTD

#1MMMANY Life Investments+3.5%$59.8M

#2TAXTFlexShares+2.7%$198M

#3MYMGSPDR+2.4%$8.6M

#4INMUiShares+2.4%$814M

#5SMMUPIMCO+2.3%$1.3B

#6SHYMiShares+2.3%$931M

#7TMNLT. Rowe Price+2.2%$24.6M

#8MMSDNY Life Investments+2.2%$88.0M

#9FTMSFranklin Templeton+2.2%$267M

End-of-day Nov 7, 2026 · 141 Municipal ETFs by YTD

$10,000 in FECM

$10,000 in FECM became

$9,964

In the S&P 500 (VOO)

$9,887

Total return, dividends in · Jul 1, 2026 – Nov 6, 2026 · S&P 500 uses VOO

FECM’s Top Holdings

Today

JPMORGAN US GOJpmorgan Us Govt Mm2.9%NEW YORK N Y2.4%BLACK BELT E2.1%AUSTIN TEX E2.0%NEW YORK ST 1.8%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%DELAWARE CNT1.5%NEW YORK ST 1.5%KATY TEX IND1.5%KALAMAZOO MI1.4%RHODE IS ST 1.4%NEW YORK ST 1.4%ILLINOIS FIN1.3%MONTROSE COL1.2%NORTHAMPTON 1.2%

First Eagle FECM · 134 holdings · top 22 shown · tile size = share of the fund · as of Nov 6, 2026

What FECM Holds

Today

All holdings100.0%

JPMORGAN U 2.9 · NEW YORK N 2.4 · BLACK BELT 2.1 · AUSTIN TEX 2.0 · NEW YORK S 1.8 · INDIANA FI 1.8 · NEW JERSEY 1.8

First Eagle FECM · share of the fund · as of Nov 6, 2026

Jpmorgan’s Share of FECM

Today

2.9%

$29 of every $1,000 in FECM is Jpmorgan

Jpmorgan held by FECM

$485K

First Eagle FECM · each square = $10 of $1,000 · as of Nov 6, 2026

FECM’s Share of Municipal ETFs

Today

0.0%

of the $246B in 166 Municipal ETFs

FECM$16.5M0.0%

MUB$55.0B22.4%

VTEB$49.6B20.2%

163 others$141B57.4%

Municipal ETF AUM · Nov 7, 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 7, 2026

Inside FECM

97 holdings · as of Nov 6, 2026

FECM

First Eagle Core Municipal ETF

Today

All holdings100.0%Jpmorgan U2.9%NEW York N2.4%Black Belt2.1%Austin TEX2.0%NEW York S1.8%Indiana FI1.8%NEW Jersey1.8%Illinois F1.7%Colorado I1.7%83 more holdings74.0% of the fund

All holdings100.0%91 more holdings86.9% of the fund

#	Ticker	Company	Weight ▼
1	—	Jpmorgan US Govt MM	2.93%
2	—	NEW York N Y City Transitional FIN Auth REV Future	2.42%
3	—	Black Belt Energy GAS Dist ALA GAS Proj REV BDS	2.07%
4	—	Austin TEX Elec Util SYS REV REV REF BDS 2017	2.05%
5	—	NEW York ST Dorm Auth ST Pers Income TAX REV REV	1.84%
6	—	Indiana FIN Auth EDL Facs REV BDS 2026 22/oct/2026	1.80%
7	—	NEW Jersey ST Transn TR FD Auth Transn Program BDS	1.78%
8	—	Illinois FIN Auth REV BDS 2026 21/jul/2026	1.74%
9	—	Colorado Intl CTR MET Dist NO 14 TAX GEN Oblig	1.69%
10	—	Eanes TEX Indpt SCH Dist Unltd TAX Bldg BDS 2019 A	1.61%

See all 134 holdings ↓

First Eagle FECM · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 34.5%

All FECM Holdings

134 holdings · as of Nov 6, 2026

FECM

FECM’s Holdings

Today

#
1	—Jpmorgan US Govt MM	2.93%	$293.22	495K	$495K
2	—NEW York ST Dorm Auth ST Pers Income TAX REV REV	1.84%	$183.99	310K	$310K
3	—Indiana FIN Auth EDL Facs REV BDS 2026 22/oct/2026	1.80%	$179.64	275K	$303K
4	—NEW Jersey ST Transn TR FD Auth Transn Program BDS	1.78%	$177.84	300K	$300K
5	—Illinois FIN Auth REV BDS 2026 21/jul/2026	1.74%	$174.11	300K	$294K
6	—Colorado Intl CTR MET Dist NO 14 TAX GEN Oblig	1.69%	$168.94	275K	$285K
7	—Eanes TEX Indpt SCH Dist Unltd TAX Bldg BDS 2019	1.61%	$161.27	300K	$272K
8	—Kent Cnty DEL REV REV BDS 2016 30/jun/2016	1.54%	$154.11	260K	$260K
9	—Florida Gulf Coast Univ Fing FLA CAP Impt REV	1.54%	$153.72	250K	$259K
10	—Bloomington IND HSG Auth GEN REV BDS 2026	1.53%	$153.15	250K	$258K
11	—NEW York N Y City Transitional FIN Auth REV Future	1.52%	$151.97	255K	$256K
12	—Delaware Cnty Ohio FIN Auth SPL Oblig REV DEV BDS	1.50%	$150.31	250K	$254K
13	—NEW York ST Dorm Auth ST Pers Income TAX REV TAX	1.49%	$149.44	250K	$252K
14	—Katy TEX Indpt SCH Dist Ultd TAX SCH Bldg BDS 2017	1.49%	$148.70	250K	$251K
15	—Austin TEX Elec Util SYS REV REV REF BDS 2017	1.45%	$145.36	245K	$245K

First Eagle FECM · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

FECM

First Eagle Core Municipal ETF’s Peers

Today

		Trend
MUB	iSharesRead Desk		0.05%	+0.4%	+0.9%	$55.0B
VTEB	VanguardRead Desk		0.03%	+0.2%	+1.3%	$49.6B
SUB	iSharesRead Desk		0.07%	0.0%	+2.5%	$13.4B
JMUB	J.P. MorganRead Desk		0.18%	+0.1%	+1.4%	$9.1B
CGMU	Capital GroupRead Desk		0.27%	+0.2%	+2.0%	$7.6B
FECM	First EagleThis fundRead Desk	New fund	0.40%	+0.2%	new	$17M

Municipal peers · Today’s and past-year returns · as of Nov 8, 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

+0.5%

[…]

Level

Past year

+0.9%

[…]

Level

Fee

0.05%

0.40%

MUB winslower fee

Yield

3.3%

1.4%

MUB wins+1.8 pts

AUM

$55.0B

$16.5M

MUB3328.6× more

2–0MUB wins

iShares MUB and First Eagle FECM · year-to-date · as of Nov 8, 2026 · AUM not scored

FECM vs Its Peer Average

YTD

FECMAvsBPeer average

1D+0.2%+0.2%

1M+4.1%+4.2%

3M+0.1%−0.2%

YTD[…]+1.1%

1Y[…]+1.5%

3Y[…]+15.2%

5Y[…]+3.0%

1–2Peer average wins

165 Municipal peers · each row scaled to its leader

How Bumpy Is FECM?

FECM

How Bumpy

Not enough history yet: FECM needs a year of prices.

First Eagle FECM · daily prices vs the S&P 500

The Details

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 8, 2026

FECM

Payouts by Year

$0.0849per share, Nov 2026

Distribution yield1.4%

PaidEvery month

Latest ex-date · paidNov 3 · Nov 6, 2026

4 payouts added up$0.35 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$24.50

Premium / discount[…]

Median spread · 30D[…]

Volume today8K

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
Nov 3, 2026	Nov 6, 2026	$0.0849
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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