FEMD First Eagle Mid Cap Equity ETF

About this ETF

First Eagle Mid Cap Equity ETF is an actively managed exchange-traded fund designed to pursue long-term capital growth by investing, under normal circumstances, at least 80% of its net assets in domestic equity securities of mid-cap companies, with potential allocations to non-U.S. issuers including American Depositary Receipts and Global Depositary Receipts. Managed by First Eagle Investment Management LLC, the fund targets mid-cap firms—defined as those with market capitalizations not exceeding the largest company in the Russell Midcap Index at the time of investment—focusing on undervalued opportunities with turnaround potential or strong growth prospects amid disruption. It features a total annual operating expense ratio of 0.75%, comprising management fees with no distribution or other expenses. Shares trade intraday with net asset value calculated daily after market close, supported by intraday indicative values for transparency. In the financial markets, First Eagle Mid Cap Equity ETF provides investors access to actively selected mid-cap equities, emphasizing value-oriented strategies within a segment known for growth potential between large-cap stability and small-cap volatility.