Category Review
Municipal bond funds are down for the year after a third-quarter selloff erased the first-half gain
First Eagle Core Municipal ETF
$23.86+0.09 (+0.38%)
- 0.40%
- $15M
- 0M sh
- $23.72
- low $23.58high $25.14
The ETF.net FECM Grade
D
Score 29 out of 100
- 61 of 63
Score 29 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D26 out of 100Rank 44 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 44 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F9 out of 100Rank 60 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 35 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F24 out of 100Rank 54 of 63
FECM Holdings
- Bonds
- 131
- 18%
- New York St Dorm Auth St Pers Income Tax Rev Rev
FECM Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
FECM$9,574
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FECM |
|---|---|
| Year to date | — |
| 1 month | −1.8% |
| 3 months | −4.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FECM |
|---|---|---|
| 2026 YTD | −4.0% |
FECM in the news
FECM Dividends
- $0.09 per share
- Monthly
Distribution data unavailable.
Distribution history
FECM Risk
- —
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- —
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- —
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FECM Cost
0.40%
FECM0.40%
- The middle half of Other Municipal Bond funds
- Median 0.30%
46 of the 63 Other Municipal Bond funds charge less.
Other funds in Other Municipal Bond
- DJTNYJPMorgan New York Tax Free Bond ETFExpense ratio 0.43%1 year return —
- DXMPTVanEck CEF Muni Income ETFExpense ratio 3.40%1 year return −7.3%
- DNMBSimplify National Muni Bond ETFExpense ratio 0.52%1 year return −5.0%
- FRTAIRareview Tax Advantaged Income ETFExpense ratio 5.24%1 year return −8.2%
- FYYYMAmplify ETF Trust - Amplify Municipal CEF High Income ETFExpense ratio 2.78%1 year return —