First Eagle Core Plus Municipal Fund Class A
FPMAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY United States of America 10105
- IPO Date
- Nov 20, 2025
- CIK
- 0000930413
- Website
- firsteagle.com
- Similar Companies
- Business
- First Eagle Core Plus Municipal Fund (FPMAX) is a municipal bond mutual fund managed by First Eagle Investments that seeks current income exempt from regular federal income taxes, with capital appreciation as a secondary objective. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal securities, including high-yield municipal bonds, investment-grade municipal bonds, and related derivatives; it offers Class A shares (FPMAX) with a minimum initial investment of $2,500 and focuses on intermediate-term national municipal bonds to provide tax-free income and downside protection through active, fundamental management. First Eagle Investments, the fund's adviser, provides a range of fixed income strategies encompassing high-yield municipal credit, core municipal separate account management, alternative credit, and multi-asset solutions; the firm serves institutional and individual investors seeking benchmark-agnostic approaches emphasizing capital preservation. Founded in 1864 in Europe and headquartered at 1345 Avenue of the Americas in New York since 1937, First Eagle Investments manages approximately $152 billion to $161 billion in assets across global offices and targets high-net-worth individuals, institutions, and intermediaries in the United States and internationally. In March 2025, First Eagle Investments received a majority investment from private equity funds managed by Genstar Capital to fuel organic growth, talent acquisition, and potential bolt-on acquisitions while preserving its investment-led culture and team autonomy. In early 2025, the firm hired David Blair as Managing Director and Portfolio Manager to lead its Municipal Core SMA business, enhancing capabilities in investment-grade municipal bonds following strong 2024 performance in its high-yield municipal strategies. The Core Plus Municipal Fund itself launched in December 2025 as a new offering to expand First Eagle's tax-free income solutions amid growing demand for innovative municipal strategies.