FEHAX First Eagle High Yield Municipal A Forecast, Technical & Fundamental Analysis

The investment seeks high current income exempt from regular federal income taxes; capital appreciation is a secondary objective. To pursue its investment objective, the fund normally invests at least 80% of its net assets in municipal bonds that pay interest that is exempt from regular federal personal income tax. Such municipal bonds may include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax and may include all types of municipal bonds.