First Eagle Mid Cap Equity ETF (FEMD) Stock Price, Quote, News & History | Benzinga

To achieve objective, in equity securities of U.S. mid-cap companies in an attempt to take advantage of what the Adviser believes are opportunistic situations for undervalued securities. Normally, the Fund invests at least 80 percent of its net assets (plus any borrowings for investment purposes) in the equity securities of U.S. mid-cap companies. The Adviser defines mid-cap companies as those that have at the time of investment a market capitalization not greater than that of the largest company in the Russell Mid Cap Index. The Russell Mid Cap Index is reconstituted annually. (Russell Mid Cap Index was ranging from approximately dollar 122 million to dollar 84 billion as of December 31, 2025). The Fund invests in domestic equity securities and may invest to a lesser extent in securities of non-U.S. issuers (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts).