See what your fund actually adds

First Eagle High Yield Municipal Fund Class A FEHAX

Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.

Fund and replication metrics

FEHAX compared with its replication portfolio
MeasureFEHAXReplication
Annualized growth0.9%1.0%
Annualized volatility6.5%5.0%
Sharpe ratio0.180.23
Maximum drawdown12.4%13.6%
Replication fit (R²)0.69 · Tracking error 3.6%

Replication portfolio

The published portfolio below is the investable basket used to model FEHAX’s historical return behavior.

FEHAX replication basket weights
TickerBuilding blockWeight
MUBFI · Municipal63.2%
SPHYFI · High Yield26.1%
VWOBFI · EM Bonds USD5.8%
VNQSector · Real Estate2.8%
SPTLFI · Long Gov2.1%