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FECM

The fund does not yet have enough measurable history for a letter. Young funds age in naturally as their record builds; nothing is wrong.New York Stock Exchange Arca

First Eagle Core Municipal ETF

Municipal Bond · First Eagle · Inception 2026-06-30 · SEC filings

$24.21−0.00 (−0.00%)

As of Sep 23, 2026, 9:46 AM EDT

Market opens at 9:30 AM ET.History starts Jul 1, 2026.History starts Jul 1, 2026.History starts Jul 1, 2026.
Intraday session: down, 9 prints from 24.25 to 24.21. Range 24.21 to 24.30. Use the arrow keys to read each point.$24.24$24.28Sep 17Sep 18Sep 21Sep 22Sep 23
Expense ratio
0.40%
Fund size
$15M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$24.19
52W range
low $24.21high $25.14

FECM Holdings

As of Sep 21, 2026, 4:09 AM
Asset class
Bonds
Holdings
—
Top-10 weight
20%
Largest holding
JPMORGAN US GOVT MM2.7%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—JPMORGAN US GOVT MM2.66%409,465$409K4
002—WALLED LAKE MICH CONS SCH DIST GO UNLTD TAX BLDG2.38%365,000$366K1
003—NEW YORK ST DORM AUTH ST PERS INCOME TAX REV REV2.02%310,000$310K3
004—NEW JERSEY ST TRANSN TR FD AUTH TRANSN PROGRAM BDS1.95%300,000$300K2
005—CONNECTICUT ST HEALTH & EDL FACS AUTH REV BDS1.92%300,000$295K1
006—ILLINOIS FIN AUTH REV BDS 2026 21/JUL/20261.87%300,000$287K1
007—COLORADO INTL CTR MET DIST NO 14 LTD TAX GEN OBLIG1.80%275,000$276K1
008—EANES TEX INDPT SCH DIST UNLTD TAX BLDG BDS 2019 A1.71%300,000$264K1
009—KENT CNTY DEL REV REV BDS 2016 30/JUN/20161.69%260,000$260K1
010—FLORIDA GULF COAST UNIV FING CORP FLA CAP IMPT REV1.65%250,000$254K1
011—KALAMAZOO MICH PUB SCHS GO UNLTD TAX SCH BLDG SITE1.47%235,000$226K1
012—NEW YORK ST DORM AUTH REVS NON ST SUPPORTED DEBT1.47%250,000$226K1
013—ILLINOIS ST TOLL HWY AUTH TOLL HIGHWAY REV REV BDS1.46%225,000$225K7
014—NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS1.46%225,000$225K5
015—PHOENIX ARIZ CIVIC IMPT CORP ARPT REV JR LIEN BDS1.45%225,000$224K1

Showing 1–15 of 130 holdings

FECM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FECM$9,818
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,125
Aug 21, 2026 to Sep 22, 2026. FECM $9,818. SPY $10,125. Use the arrow keys to read each point.$9,794$9,973$10,151Aug 21Sep 4Sep 22

Aug 21, 2026 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for FECM. Periods over one year show the average yearly return.
PeriodFECM
Year to dateFund launched this year—
1 month−1.8%
3 monthsFund is under 3 months old—
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FECM
YearReturn barFECM
2026 YTD−2.6%

History from Jul 1, 2026

FECM in the news

ETF.net Research hasn’t filed on FECM yet — coverage lands here as it’s written.

FECM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.09 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 2 payments in 2026 YTD. Aug 4, 2026 $0.08; Sep 1, 2026 $0.09. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.09
Aug 4, 2026Aug 7, 2026$0.08

FECM Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.00
vs its asset-class index
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

Expense ratio0.40%
  • The middle half of Other Municipal Bond funds
  • Median 0.30%

49 of the 62 Other Municipal Bond funds charge less.

FECM costs $40.00 a year on $10,000. The median Other Municipal Bond fund costs $30.00.