FECM ETF — First Eagle Core Municipal ETF

First Eagle Core Municipal ETF (FECM)

Updated October 16, 2026.

FECM is an ETF. its distribution rate is 4.65%, its trailing-12-month yield is 1.11%, its expense ratio is 0.25%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -3.1% over the past 0.3 years, 5.7 points behind SPY at 2.6%.

First Eagle Core Municipal ETF is an ETF that tracks municipal bonds, providing exposure to tax-exempt fixed income securities. The fund's distribution frequency and yield profile are not established, and its expense ratio information is not available. The ETF may appeal to investors seeking municipal bond exposure, particularly those in higher tax brackets interested in tax-exempt income.

FECM performance versus SPY

Price and return data through 2026-10-16.

Total return is -3.1% over the past 0.3 years, 5.7 points behind SPY at 2.6%.

FECM key facts

Distribution Safety Score™

50 · Unproven

Issuer

First Eagle

Asset type

ETF

Asset class

Equity

Expense ratio

0.25%

Distribution rate

4.65%

Distribution frequency

Monthly

Trailing yield

1.11%

Last close

$24.00 (as of 2026-10-16)

AUM

$14,808,008

Average volume

608.0

Dividend

$0.093

Ex-dividend date

10/01/2026

Payment date

10/05/2026

How Dividend Vision calculates yield and returns

Distribution rate (4.65%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.11%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: First Eagle; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FECM risks and drawbacks

Total return has trailed SPY over the available window.

Who may consider FECM — and who may not

FECM may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FECM

• All tickers starting with F

Tagged: Municipal.

Frequently asked questions

More securities from First Eagle.