Overview
Investment Philosophy
Potential HedgeServes as a potential hedge against the consequences of catastrophic unforeseen events.
Seek Cheapest OuncesOur goal is to purchase what we believe are the cheapest gold ounces whether below (miners) or above (bullion) ground.
Do Not Forecast the Price of GoldWe do not attempt to predict the future price of gold.
Portfolio Characteristics
| Total Net Assets as of Mar 31, 2025 | $3,283MM |
| Number of Companies | 22 |
| Weighted Average Market Cap | $22,871MM |
| Median Market Cap | $10,991MM |
| Price/Book Ratio | 2.68 |
| Since Inception Beta vs. FTSE Gold Mines Index | 0.72 |
| Since Inception Standard Deviation | 27.58 |
| Turnover as of 31-Oct-2024 | 60.97% |
- As of Mar 31, 2025
How We Invest
01
Investable UniverseThe Fund invests primarily in gold, gold-related securities and issuers principally engaged in the gold industry.
02
Research Using Proprietary ModelThe team determines between investing in gold and investing in gold mining equities using a proprietary model.
- This model provides a detailed framework for assessing a mining company’s assets and is dependent on the company’s proven and probable reserves
- The team typically invests more heavily in companies already in production
The team tends to discount other base metals that gold companies may mine because they view gold as a potential hedge.
The team allocates capital to mining companies when they can find what they believe is a “margin of safety” that takes into account the risks surrounding mining, including
- Operational risk
- Capital risk
- Geopolitical risk
Growth of $10K
Source: FactSet; data as of Mar 31, 2025.
Disclosures
Gold Fund Inception dates: A Shares 31-Aug-1993, C Shares 15-May-2003, I Shares 15-May-2003, R6 Shares 1-Mar-2017.
The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses. Investment results and the principal value of an investment will vary.
Returns for periods less than one year are not annualized.
The average annual returns for Class A Shares “with sales charge” performance gives effect to the deduction of the maximum sales charge of 3.75% for periods prior to March 1, 2000 and of 5.00% thereafter.
The average annual returns for Class C Shares reflect a CDSC (contingent deferred sales charge) of 1.00% in the year-to-date and first year only.
Performance information for Class I Shares is without the effect of sales charges and assumes all distributions have been reinvested and if a sales charge was included values would be lower. Had fees not been waived and/or expenses reimbursed, the performance would have been lower. Class A and C Shares have maximum sales charges of 5.00% and 1.00% respectively, and 12b-1 fees, which reduce performance.
Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.
Class R Shares are offered without sales charge.
The annual expense ratio is based on expenses incurred by The Fund, as stated in the most recent prospectus.
Definitions
The FTSE Gold Mines Index Series is designed to reflect the performance of the world-wide market in the shares of companies, the revenues of which are primarily derived from the mining of gold.
MSCI World: The MSCI World Index is a widely followed, unmanaged group of stocks from 23 developed markets and is not available for purchase. The index provides total returns in U.S. dollars with net dividends reinvested.
Standard deviation is a statistical measure of the distance a quantity is likely to be from its average value. It is applied to the annual rate of return to measure volatility.
Beta is a measure of the fund's volatility (risk) relative to the overall market. The higher the fund's Beta, the more the fund price is expected to change in response to a given change in the value of the market.
First Eagle defines "margin of safety" as the difference between a company's market price and our estimate of its intrinsic value. An investment made with a margin of safety is no guarantee against loss.
The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.
FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.
Performance & Prices
Growth of $10K
Source: FactSet; data as of Mar 31, 2025.
25 Year Risk vs. Return
| SGGDX | FTSE Gold Mines Index | MSCI EAFE Index | MSCI World Index | S&P 500 Index | |
|---|---|---|---|---|---|
| Annualized Return (%) | 8.62 | 3.19 | 3.60 | 5.80 | 7.70 |
| Annualized Standard Deviation (%) | 28.36 | 35.01 | 16.53 | 15.52 | 15.29 |
| R-Square (%) | 94.38 | 100.00 | 9.06 | 6.46 | 3.32 |
| Beta | 0.79 | 1.00 | 0.14 | 0.11 | 0.08 |
| Alpha (annualized) | 5.13 | 0.00 | 3.68 | 6.00 | 8.18 |
| Information Ratio (annualized) | 0.54 | NA | 0.01 | 0.08 | 0.13 |
Source: FactSet; data as of Dec 31, 2024.
Calendar Year Returns
| Year | Class A (SGGDX) | FTSE Gold Mines Index |
|---|---|---|
| 2023 | 7.02 | 9.36 |
| 2022 | -1.58 | -15.47 |
| 2021 | -7.69 | -12.72 |
| 2020 | 29.57 | 23.22 |
| 2019 | 38.51 | 41.21 |
| 2018 | -15.88 | -11.31 |
Source: FactSet; data as of Dec 31, 2024.
Average Annual Returns
| Ticker | Class | YTD % | 1 MO | 3 MO | 1 YR | 3 YR | 5 YR | 10 YR | INCEPT % | Expense Ratio | Fund Inception Date | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross | Net | ||||||||||||
| SGGDX | A | w/out load | 31.54% | 12.28% | 31.54% | 44.53% | 10.89% | 15.36% | 9.96% | 6.57% | 1.16% | -- | Aug 31, 1993 |
| SGGDX | A | w/load | 24.97% | 6.67% | 24.97% | 37.31% | 9.01% | 14.18% | 9.40% | 6.39% | 1.16% | -- | Aug 31, 1993 |
| FTSE Gold Mines Index (since inception based on A Shares) | 36.76% | 15.60% | 36.76% | 49.06% | 4.72% | 11.65% | 9.47% | 1.25% | -- | -- | -- | ||
| MSCI World Index (since inception based on A Shares) | -1.79% | -4.45% | -1.79% | 7.04% | 7.58% | 16.13% | 9.50% | 7.69% | -- | -- | -- | ||
| SGGDX | A | w/out load | 31.54% | 12.28% | 31.54% | 44.53% | 10.89% | 15.36% | 9.96% | 6.57% | 1.16% | -- | Aug 31, 1993 |
| SGGDX | A | w/load | 24.97% | 6.67% | 24.97% | 37.31% | 9.01% | 14.18% | 9.40% | 6.39% | 1.16% | -- | Aug 31, 1993 |
| FTSE Gold Mines Index (since inception based on A Shares) | 36.76% | 15.60% | 36.76% | 49.06% | 4.72% | 11.65% | 9.47% | 1.25% | -- | -- | -- | ||
| MSCI World Index (since inception based on A Shares) | -1.79% | -4.45% | -1.79% | 7.04% | 7.58% | 16.13% | 9.50% | 7.69% | -- | -- | -- | ||
Source: FactSet; data as of Mar 31, 2025.
Source: FactSet; data as of Mar 31, 2025.
The performance data quoted herein represents past performance and does not guarantee future results. Market volatility can dramatically impact a Fund's short-term performance. Current performance may be lower or higher than figures shown. The investment return and principal value will fluctuate so that an investor's shares, when redeemed may be worth more or less than their original cost. Past performance data through the most recent month end is available on the Prices & Performance page.
Disclosures
Gold Fund Inception dates: A Shares 31-Aug-1993, C Shares 15-May-2003, I Shares 15-May-2003, R6 Shares 1-Mar-2017.
The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses. Investment results and the principal value of an investment will vary.
Returns for periods less than one year are not annualized.
The average annual returns for Class A Shares “with sales charge” performance gives effect to the deduction of the maximum sales charge of 3.75% for periods prior to March 1, 2000 and of 5.00% thereafter.
The average annual returns for Class C Shares reflect a CDSC (contingent deferred sales charge) of 1.00% in the year-to-date and first year only.
Performance information for Class I Shares is without the effect of sales charges and assumes all distributions have been reinvested and if a sales charge was included values would be lower. Had fees not been waived and/or expenses reimbursed, the performance would have been lower. Class A and C Shares have maximum sales charges of 5.00% and 1.00% respectively, and 12b-1 fees, which reduce performance.
Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.
Class R Shares are offered without sales charge.
The annual expense ratio is based on expenses incurred by The Fund, as stated in the most recent prospectus.
Definitions
The FTSE Gold Mines Index Series is designed to reflect the performance of the world-wide market in the shares of companies, the revenues of which are primarily derived from the mining of gold.
MSCI World: The MSCI World Index is a widely followed, unmanaged group of stocks from 23 developed markets and is not available for purchase. The index provides total returns in U.S. dollars with net dividends reinvested.
Standard deviation is a statistical measure of the distance a quantity is likely to be from its average value. It is applied to the annual rate of return to measure volatility.
Beta is a measure of the fund's volatility (risk) relative to the overall market. The higher the fund's Beta, the more the fund price is expected to change in response to a given change in the value of the market.
First Eagle defines "margin of safety" as the difference between a company's market price and our estimate of its intrinsic value. An investment made with a margin of safety is no guarantee against loss.
The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.
FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.
Portfolio
Top Ten Holdings (%)
As of Mar 31, 2025
| Wheaton Precious Metals Corp | Canada | 11.30 |
| Gold Bullion | Gold | 8.83 |
| Agnico Eagle Mines Limited | Canada | 7.04 |
| Northern Star Resources Ltd | Australia | 6.86 |
| Silver Bullion | Silver | 6.59 |
| Newmont Corporation | United States | 5.98 |
| Dundee Precious Metals Inc. | Canada | 5.25 |
| Alamos Gold Inc. | Canada | 5.03 |
| Franco-Nevada Corporation | Canada | 4.61 |
| Royal Gold, Inc. | United States | 4.44 |
| Top Ten Holdings as a Percentage of Total Net Assets | 65.94 |
Allocation by Asset Class (%)
| Equity | 80.01% |
| Gold Bullion | 8.83% |
| Silver Bullion | 6.59% |
| Short-Term, Cash & Cash Equivalents | 4.57% |
| Equity | 81.18% |
| Gold Bullion | 9.89% |
| Silver Bullion | 7.53% |
| Short-Term, Cash & Cash Equivalents | 1.39% |
| Equity | 82.78% |
| Gold Bullion | 9.00% |
| Silver Bullion | 7.49% |
| Short-Term, Cash & Cash Equivalents | 0.73% |
| Equity | 76.28% |
| Gold Bullion | 16.51% |
| Short-Term, Cash & Cash Equivalents | 5.22% |
| Silver Bullion | 1.98% |
| Equity | 83.85% |
| Gold Bullion | 9.34% |
| Silver Bullion | 5.19% |
| Short-Term, Cash & Cash Equivalents | 1.62% |
| Gold Mining Stocks | 79.24% |
| Gold Bullion | 15.57% |
| Silver Bullion | 4.72% |
| Short-Term, Cash & Cash Equivalents | 0.47% |
| Gold Mining Stocks | 67.56% |
| Gold Bullion | 17.29% |
| Short-Term, Cash & Cash Equivalents | 10.31% |
| Silver Bullion | 4.84% |
| Gold Mining Stocks | 68.63% |
| Gold Bullion | 17.63% |
| Short-Term, Cash & Cash Equivalents | 9.14% |
| Silver Bullion | 4.59% |
| Gold Mining Stocks | 77.53% |
| Gold Bullion | 12.78% |
| Short-Term, Cash & Cash Equivalents | 5.10% |
| Silver Bullion | 4.59% |
| Gold Mining Stocks | 79.94% |
| Gold Bullion | 13.65% |
| Silver Bullion | 5.26% |
| Short-Term, Cash & Cash Equivalents | 1.15% |
| Gold Mining Stocks | 73.42% |
| Gold Bullion | 17.98% |
| Short-Term, Cash & Cash Equivalents | 4.86% |
| Silver Bullion | 3.73% |
| Gold Mining Stocks | 61.29% |
| Gold Bullion | 23.68% |
| Short-Term, Cash & Cash Equivalents | 12.23% |
| Silver Bullion | 2.80% |
| Gold Mining Stocks | 69.11% |
| Gold Bullion | 20.70% |
| Short-Term, Cash & Cash Equivalents | 7.35% |
| Silver Bullion | 2.84% |
Allocation by Region (%)
| Canada | 53.05% |
| United States | 10.42% |
| Gold Bullion | 8.83% |
| Australia | 8.46% |
| Silver Bullion | 6.59% |
| Short-Term, Cash & Cash Equivalents | 4.57% |
| South Africa | 3.99% |
| United Kingdom | 2.74% |
| Mexico | 1.34% |
| Canada | 54.51% |
| United States | 11.05% |
| Gold Bullion | 9.89% |
| Australia | 8.90% |
| Silver Bullion | 7.53% |
| South Africa | 3.22% |
| United Kingdom | 2.30% |
| Short-Term, Cash & Cash Equivalents | 1.39% |
| Mexico | 1.21% |
| Canada | 55.52% |
| United States | 12.48% |
| Gold Bullion | 9.00% |
| Silver Bullion | 7.49% |
| Australia | 7.48% |
| South Africa | 3.82% |
| United Kingdom | 2.35% |
| Mexico | 1.13% |
| Short-Term, Cash & Cash Equivalents | 0.73% |
| Canada | 56.15% |
| Gold Bullion | 16.51% |
| United States | 9.10% |
| Short-Term, Cash & Cash Equivalents | 5.22% |
| Australia | 5.12% |
| South Africa | 2.82% |
| Silver Bullion | 1.98% |
| United Kingdom | 1.88% |
| Mexico | 1.21% |
| Canada | 59.50% |
| Gold Bullion | 9.34% |
| United States | 9.24% |
| Australia | 5.83% |
| Silver Bullion | 5.19% |
| United Kingdom | 4.28% |
| South Africa | 3.62% |
| Short-Term, Cash & Cash Equivalents | 1.62% |
| Canada | 49.40% |
| United States | 17.23% |
| Gold Bullion | 15.57% |
| Australia | 5.53% |
| South Africa | 4.79% |
| Silver Bullion | 4.72% |
| Mexico | 2.29% |
| Short-Term, Cash & Cash Equivalents | 0.47% |
| Canada | 44.62% |
| Gold Bullion | 17.29% |
| United States | 12.94% |
| Short-Term, Cash & Cash Equivalents | 10.31% |
| Australia | 6.82% |
| Silver Bullion | 4.84% |
| Mexico | 2.15% |
| South Africa | 1.03% |
| Canada | 44.91% |
| Gold Bullion | 17.63% |
| United States | 13.64% |
| Short-Term, Cash & Cash Equivalents | 9.14% |
| Australia | 6.20% |
| Silver Bullion | 4.59% |
| Mexico | 2.32% |
| South Africa | 1.56% |
| Canada | 51.10% |
| United States | 14.28% |
| Gold Bullion | 12.78% |
| Australia | 6.40% |
| Short-Term, Cash & Cash Equivalents | 5.10% |
| Silver Bullion | 4.59% |
| South Africa | 3.25% |
| Mexico | 2.50% |
| Canada | 53.12% |
| United States | 15.53% |
| Gold Bullion | 13.65% |
| Australia | 5.75% |
| Silver Bullion | 5.26% |
| Mexico | 3.05% |
| South Africa | 2.49% |
| Short-Term, Cash & Cash Equivalents | 1.15% |
| Canada | 51.91% |
| Gold Bullion | 17.98% |
| United States | 14.07% |
| Short-Term, Cash & Cash Equivalents | 4.86% |
| Australia | 4.63% |
| Silver Bullion | 3.73% |
| Mexico | 2.81% |
| Canada | 40.89% |
| Gold Bullion | 23.68% |
| United States | 13.75% |
| Short-Term, Cash & Cash Equivalents | 12.23% |
| Australia | 4.03% |
| Silver Bullion | 2.80% |
| Mexico | 2.63% |
| Canada | 46.33% |
| Gold Bullion | 20.70% |
| United States | 15.79% |
| Short-Term, Cash & Cash Equivalents | 7.35% |
| Australia | 4.57% |
| Silver Bullion | 2.84% |
| Mexico | 2.42% |
Short-Term, Cash & Cash Equivalents include short-term investments; e.g., short-term commercial paper (1.7% of net assets) that settles in 90 days or less, longer-term commercial paper (0.0% of net assets) that settles in 91 days or more, with the balance in US T-bills or money market funds.
Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities. Based on total fair value of investment and cash/cash equivalents. Not a guarantee of future portfolio composition. Current and future portfolio holdings are subject to risk.
Percentages may not sum to 100% due to rounding.
Disclosures
The Fund may invest in gold and precious metals through investment in a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold Bullion and commodities include the Fund’s investment in the Subsidiary.
Investment in gold and gold-related investments present certain risks, including political and economic risks affecting the price of gold and other precious metals like changes in U.S. or foreign tax, currency or mining laws, increased environmental costs, international monetary and political policies, economic conditions within an individual country, trade imbalances and trade or currency restrictions between countries. The price of gold, in turn, is likely to affect the market prices of securities of companies mining or processing gold, and accordingly, the value of investments in such securities may also be affected. Gold related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets. Investment in gold and gold related investments may be speculative and may be subject to greater price volatility than investments in other assets and types of companies.
Strategies whose investments are concentrated in a specific industry or sector may be subject to a higher degree of risk than funds whose investments are diversified and may not be suitable for all investors.
There are risks associated with investing in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates.
All investments involve the risk of loss of principal.
Definitions
The FTSE Gold Mines Index Series is designed to reflect the performance of the world-wide market in the shares of companies, the revenues of which are primarily derived from the mining of gold.
MSCI World: The MSCI World Index is a widely followed, unmanaged group of stocks from 23 developed markets and is not available for purchase. The index provides total returns in U.S. dollars with net dividends reinvested.
Standard deviation is a statistical measure of the distance a quantity is likely to be from its average value. It is applied to the annual rate of return to measure volatility.
Beta is a measure of the fund's volatility (risk) relative to the overall market. The higher the fund's Beta, the more the fund price is expected to change in response to a given change in the value of the market.
First Eagle defines "margin of safety" as the difference between a company's market price and our estimate of its intrinsic value. An investment made with a margin of safety is no guarantee against loss.
The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.
FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.
Management
Our Process
First Eagle Gold Fund is a non-diversified mutual fund whose investment objective is to seek to provide exposure to the investment characteristics of gold and, to a limited extent, other precious metals. In seeking to achieve its objective, the Fund invests primarily in gold, gold-related securities and issuers principally engaged in the gold industry.
01
Investable UniverseThe Fund invests primarily in gold, gold-related securities and issuers principally engaged in the gold industry.
02
Research Using Proprietary ModelThe team determines between investing in gold and investing in gold mining equities using a proprietary model.
- This model provides a detailed framework for assessing a mining company’s assets and is dependent on the company’s proven and probable reserves
- The team typically invests more heavily in companies already in production
- The team tends to discount other base metals that gold companies may mine because they view gold as a potential hedge.
The team allocates capital to mining companies when they can find what they believe is a “margin of safety” that takes into account the risks surrounding mining, including
- Operational risk
- Capital risk
- Geopolitical risk
Definitions
The FTSE Gold Mines Index Series is designed to reflect the performance of the world-wide market in the shares of companies, the revenues of which are primarily derived from the mining of gold.
MSCI World: The MSCI World Index is a widely followed, unmanaged group of stocks from 23 developed markets and is not available for purchase. The index provides total returns in U.S. dollars with net dividends reinvested.
Standard deviation is a statistical measure of the distance a quantity is likely to be from its average value. It is applied to the annual rate of return to measure volatility.
Beta is a measure of the fund's volatility (risk) relative to the overall market. The higher the fund's Beta, the more the fund price is expected to change in response to a given change in the value of the market.
First Eagle defines "margin of safety" as the difference between a company's market price and our estimate of its intrinsic value. An investment made with a margin of safety is no guarantee against loss.
Fees & Minimums
Expense Ratio and Shareholder Fees as of March 1, 2025
Shareholder Fee (%)
These are the fees paid directly from your investment.
| Sales Charge | Dealer Re-Allowance | |
|---|---|---|
| Less than $25,000 | 5.00 | 4.50 |
| $25,000 but less than $50,000 | 4.50 | 4.25 |
| $50,000 but less than $100,000 | 4.00 | 3.75 |
| $100,000 but less than $250,000 | 3.25 | 3.00 |
| $250,000 but less than $500,000 | 2.50 | 2.25 |
| $500,000 but less than $1,000,000 | 1.50 | 1.25 |
| $1,000,000 and over1 | 0.00 | 0.00 |
Expense Ratio (%)
These are the expenses you pay each year as a percentage of the value of your investment
| Management Fees | 0.75 |
| Distribution and Service (12b-1) Fees | 0.25 |
| Other Expenses | 0.16 |
| Total Annual Operating Expenses (%) | 1.16 |
Disclosures
- 1
A contingent deferred sales charge of 1.00% may be imposed on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
There are several ways to lower the sales charge on Class A shares: Aggregation, Rights of Accumulation and Letter of Intention. For details please refer to our prospectus.
In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.
Expense Ratio and Shareholder Fees as of March 1, 2025
Shareholder Fee (%)
These are the fees paid directly from your investment.
| Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) | 1.00 |
Expense Ratio (%)
These are the expenses you pay each year as a percentage of the value of your investment
| Management Fees | 0.75 |
| Distribution and Service (12b-1) Fees | 1.00 |
| Other Expenses | 0.16 |
| Total Annual Operating Expenses (%) | 1.91 |
Disclosures
In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.
Expense Ratio and Shareholder Fees as of March 1, 2025
Expense Ratio (%)
These are the expenses you pay each year as a percentage of the value of your investment
| Management Fees | 0.75 |
| Distribution and/or Service (12b-1) Fees | 0.00 |
| Other Expenses | 0.18 |
| Total Operating Expenses (%) | 0.93 |
Disclosures
Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.
In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.
Expense Ratio and Shareholder Fees as of March 1, 2025
Expense Ratio (%)
These are the expenses you pay each year as a percentage of the value of your investment
| Management Fees | 0.75 |
| Distribution and Service (12b-1) Fees | 0.00 |
| Other Expenses | 0.08 |
| Total Operating Expenses (%) | 0.83 |
Disclosures
In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.
FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.
Distributions
Capital Gains Distributions
| Record Date | Ex & Reinvestment Date | Payable Date | Ordinary Income | Short Term Capital Gains | Long Term Capital Gains | Long Term Capital Gains - 28% | Total Distribution |
|---|---|---|---|---|---|---|---|
| 12/04/2024 | 12/05/2024 | 12/06/2024 | $1.330 | $0.000 | $0.000 | $0.000 | $1.330 |
Disclosures
Ordinary income distributions are distributed at the class level and will vary by class.
Collectibles gains, such as gains from gold bullion, held for greater than one year currently are subject to a 28% tax rate. Collectibles gains held for less than one year are taxable to U.S. shareholders as short-term gains.
"Reinvested at" is the share price used to calculate the number of shares added to an account if a shareholder reinvests dividends or capital gains.
FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.
Documents
Mutual Fund Shareholder Reports
The prospectus and summary prospectus may be viewed online or by calling us at 800-747-2008. Please read our prospectus carefully before investing. Investments are not FDIC insured or bank guaranteed and may lose value.
The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.
FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.
Risk Disclosures
Investment in gold and gold-related investments present certain risks, including political and economic risks affecting the price of gold and other precious metals like changes in U.S. or foreign tax, currency or mining laws, increased environmental costs, international monetary and political policies, economic conditions within an individual country, trade imbalances and trade or currency restrictions between countries. The price of gold, in turn, is likely to affect the market prices of securities of companies mining or processing gold, and accordingly, the value of investments in such securities may also be affected. Gold related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets. Investment in gold and gold related investments may be speculative and may be subject to greater price volatility than investments in other assets and types of companies.
Strategies whose investments are concentrated in a specific industry or sector may be subject to a higher degree of risk than funds whose investments are diversified and may not be suitable for all investors.
There are risks associated with investing in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates.
All investments involve the risk of loss of principal.
Contact US
Corporate Headquarters
Investors should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the Funds and may be viewed online or calling us at 800.747.2008. Please read the prospectus carefully before investing. Investments are not FDIC insured or bank guaranteed and may lose value.
FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.
The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.
Check the background of FEF Distributors, LLC (Member SIPC) on FINRA's BrokerCheck.
Form Customer Relationship Summary ("FORM CRS") can be accessed by clicking on this link FORM CRS