Investment Objective
The Fund's investment objective is to provide a high level of current income consistent with strong, risk-adjusted returns.
expertise in corporate
credit strategies
First Eagle Alternative Credit is an alternative credit investment manager for both direct lending and broadly syndicated investments. The FEAC Tradable Credit team takes a value-oriented approach to credit characterized by the deep experience and continuity of the Investment Committee, a low analyst-to-credit coverage ratio, and a dynamic portfolio management and trading style. FEAC is a wholly owned subsidiary of First Eagle Investments, an independent, privately owned investment management firm headquartered in New York.
Firm inception: 2007
Portfolio Managers:
- James Fellows; industry since 1987
- Robert Hickey; industry since 1990
- Steve Krull; industry since 1998
- Brian Murphy; industry since 1992
strategy and objectives
- The Fund invests primarily in floating-rate instruments of non-investment grade U.S. corporate issuers, broadly diversified across industry and sector.
- The sub-advisor uses a value-oriented, research-intensive approach to credit investing that is both bottom-up and top-down with the goal of minimizing credit and default risks.
- The sub-advisor believes alpha generation is driven by active management and being highly selective and nimble in how it invests.
Total Fund Assets
$165.7 Million
Sub-Advisor (%)
First Eagle Alternative Credit, LLC |
100.0 |