- CEO
- Yuri Shkuropat
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1345 Avenue of the Americas New York NY United States of America 10105-0048
- IPO Date
- Jan 28, 2026
- Business
- First Eagle Mid Cap Equity ETF is an exchange‑traded fund that seeks long‑term capital appreciation by investing primarily in U.S. mid‑capitalization equities, managed by First Eagle Investment Management, LLC.
The fund tracks an actively managed strategy in the mid‑cap equity segment, investing substantially in common stocks and other equity securities of U.S. companies with market capitalizations within the mid‑cap range at the time of purchase, typically companies ranked roughly between the 101st and 750th largest by market value in the U.S. market. Its primary offering is the First Eagle Mid Cap Equity ETF itself, which trades under the ticker symbol FEMD on U.S. exchanges and is structured as a diversified portfolio of holdings selected based on fundamental analysis, valuation, and business quality. The ETF provides exposure to U.S. mid‑cap growth, value, and blend stocks across a range of economic sectors, including consumer discretionary, technology, healthcare, financials, industrials, and communication services.
The fund is designed for institutional and retail investors seeking diversification and growth potential in the U.S. mid‑cap equity market, with a focus on companies exhibiting strong balance sheets, sustainable competitive advantages, and attractive long‑term prospects relative to valuation. Targeted customer segments include U.S. retail investors, financial advisors, retirement plans (such as 401(k)s and IRAs), and institutional investors such as pension funds, endowments, and foundations that allocate to U.S. equities. The ETF operates in the United States and is registered under the Investment Company Act of 1940, with shares available through brokerage platforms and retirement accounts that support ETF trading.
As of the latest public information, the First Eagle Mid Cap Equity ETF continues to follow its established mid‑cap equity strategy without any recent major changes such as a rebranding, fund restructuring, or significant shift in investment mandate over the past one to two years. There have been no publicly reported recent acquisitions, mergers, or new major product launches directly tied to the FEMD ETF itself; it remains an actively managed, internally sub‑advised U.S. mid‑cap equity ETF within First Eagle’s ETF lineup. The fund is managed by First Eagle Investment Management, a U.S.‑based investment adviser with a long‑standing focus on value‑oriented, risk‑aware equity strategies across capitalization ranges.
First Eagle Investment Management, LLC, the adviser, was founded in 1981 and is headquartered in New York, New York, United States, and operates as an independent, employee‑owned firm. The First Eagle Mid Cap Equity ETF is part of First Eagle’s broader family of mutual funds and exchange‑traded funds, which includes other U.S. and international equity, multi‑asset, and alternative strategies, but FEMD itself remains a distinct, standalone ETF product without a parent fund or subsidiary structure.