FIRST EAGLE CORE MUNICIPAL ETF (USD) FECM.US

The First Eagle Core Municipal ETF is an actively managed fixed income fund whose primary objective is to provide current income exempt from regular U.S. federal income taxes, with capital appreciation as a secondary goal when consistent with that primary objective.

The fund invests predominantly in municipal bonds (at least 80% of net assets plus any borrowings), selecting securities through a fundamental, bottom-up research process. It emphasizes credit analysis, structure of the security, sector and state diversification, yield curve positioning, limiting exposure to individual credits, managing interest rate risk, and call protection.

It does not track a benchmark index but rather pursues a benchmark-agnostic approach. The ETF is offered by First Eagle Investments via the First Eagle ETF Trust, a U.S.-registered management investment company under the Investment Company Act of 1940.

It is part of First Eagle's active ETF platform.