Characteristics

  • As of Sep 30, 2024

Investment Philosophy

First Eagle Gold Fund is a non-diversified 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.

  • Potential Hedge

    Serves as a potential hedge against the consequences of catastrophic unforeseen events.

  • Seek Cheapest Ounces

    Our 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 Gold

    We do not attempt to predict the future price of gold.

Characteristics

  • As of Sep 30, 2024
GOLD MICRO BANNER

How We Invest

  • 01

    Investable Universe

    The Fund invests primarily in gold, gold-related securities and issuers principally engaged in the gold industry.

  • 02

    Research Using Proprietary Model

    The 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

Select Benchmarks

Source: FactSet; data as of Sep 30, 2024.

  1. This chart illustrates a hypothetical investment in Class A shares without the effect of sales charges and assumes all distributions have been reinvested and if a sales charge was included values would be lower. Date selected assumes purchase at month end.

  1. Disclosures

  2. Gold Fund Inception dates: A Shares 08/31/1993, C Shares 05/15/2003, I Shares 05/15/2003, R6 Shares 03/01/2017.

  3. 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.

  4. Returns for periods less than one year are not annualized.

  5. 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.

  6. 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.

  7. 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.

  8. Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.

  9. Class R Shares are offered without sales charge.

  10. The annual expense ratio is based on expenses incurred by The Fund, as stated in the most recent prospectus.

  1. Definitions

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.

  8. 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.

Growth of $10K

Select Benchmarks

Source: FactSet; data as of Sep 30, 2024.

  1. This chart illustrates a hypothetical investment in Class A shares without the effect of sales charges and assumes all distributions have been reinvested and if a sales charge was included values would be lower. Date selected assumes purchase at month end.

25 Year Risk vs. Return

SGGDXFTSE Gold Mines IndexMSCI EAFE IndexMSCI World IndexS&P 500 Index
Annualized Return (%)    8.66    3.11    4.61    6.23    7.78
Annualized Standard Deviation (%)   28.74   35.68   16.62   15.59   15.34
R-Square (%)   94.28  100.00    8.47    6.05    3.06
Beta    0.78    1.00    0.14    0.11    0.08
Alpha (annualized)    5.17    0.00    4.74    6.71    8.72
Information Ratio (annualized)    0.54     NA     0.04    0.10    0.14

Source: FactSet; data as of Sep 30, 2024.

Calendar Year Returns

YearClass A (SGGDX)FTSE Gold Mines Index
2023 7.02 9.36
2022 -1.56 -15.47
2021 -7.76 -12.72
2020 29.58 23.22
2019 38.51 41.21
2018 -15.90 -11.31
2017 8.12 9.11
2016 36.92 59.59
2015 -19.28 -21.42
2014 -2.41 -15.20
2013 -46.99 -53.17
2012 -5.15 -15.43
2011 -11.13 -15.88
2010 34.64 29.03
2009 39.18 29.63
2008 -14.27 -19.87
2007 23.48 21.04
2006 21.32 12.58
2005 26.25 27.82
2004 -5.11 -6.92
2003 39.43 42.81
2002 106.97 52.34
2001 37.31 22.69
2000 -17.91 -26.36
1999 8.09 -0.67
1998 -18.44 -11.68
1997 -29.79 -41.96
1996 0.89 -4.70
1995 1.28 -3.16
1993 -0.84 -11.21

Source: FactSet; data as of Dec 31, 2023.

Average Annual Returns

TickerClassYTD %1 MO3 MO1 YR3 YR5 YR10 YRINCEPT %Expense Ratio
GrossNet
SGGDX A w/out load  19.67%  -5.58%  -0.10%  18.65%   9.06%  10.19%   7.78%   5.98%   1.19% --
SGGDX A w/load  13.67% -10.29%  -5.11%  12.71%   7.21%   9.07%   7.23%   5.81%   1.19% --
FTSE Gold Mines Index (since inception based on A Shares)  17.85%  -6.68%  -6.29%  20.32%   4.12%   5.21%   7.28%   0.58%      --      --
MSCI World Index (since inception based on A Shares)  21.85%   4.59%   4.39%  27.83%   8.79%  12.42%  10.06%   7.93%      --      --
SGGDX A w/out load  22.74%   2.46%  16.13%  37.55%  11.12%  11.14%   7.01%   6.10%   1.19% --
SGGDX A w/load  16.59%  -2.67%  10.31%  30.67%   9.25%  10.00%   6.47%   5.93%   1.19% --
FTSE Gold Mines Index (since inception based on A Shares)  28.16%   1.91%  21.23%  54.78%   9.59%   6.71%   6.39%   0.85%      --      --
MSCI World Index (since inception based on A Shares)  18.86%   1.83%   6.36%  32.43%   9.08%  13.04%  10.07%   7.89%      --      --
FEGOX C  17.81%  -6.59%  -1.30%  16.78%   8.24%   9.38%   6.95%   5.62%   1.92% --
FTSE Gold Mines Index (since inception based on A Shares)  17.85%  -6.68%  -6.29%  20.32%   4.12%   5.21%   7.28%   0.58%      --      --
MSCI World Index (since inception based on A Shares)  21.85%   4.59%   4.39%  27.83%   8.79%  12.42%  10.06%   7.93%      --      --
FEGOX C  21.06%   1.42%  14.95%  35.56%  10.31%  10.34%   6.19%   5.80%   1.92% --
FTSE Gold Mines Index (since inception based on A Shares)  28.16%   1.91%  21.23%  54.78%   9.59%   6.71%   6.39%   0.85%      --      --
MSCI World Index (since inception based on A Shares)  18.86%   1.83%   6.36%  32.43%   9.08%  13.04%  10.07%   7.89%      --      --
FEGIX I  19.91%  -5.58%  -0.03%  18.97%   9.33%  10.48%   8.07%   6.70%   0.94% --
FTSE Gold Mines Index (since inception based on A Shares)  17.85%  -6.68%  -6.29%  20.32%   4.12%   5.21%   7.28%   0.58%      --      --
MSCI World Index (since inception based on A Shares)  21.85%   4.59%   4.39%  27.83%   8.79%  12.42%  10.06%   7.93%      --      --
FEGIX I  22.97%   2.51%  16.24%  37.90%  11.40%  11.45%   7.30%   6.88%   0.94% --
FTSE Gold Mines Index (since inception based on A Shares)  28.16%   1.91%  21.23%  54.78%   9.59%   6.71%   6.39%   0.85%      --      --
MSCI World Index (since inception based on A Shares)  18.86%   1.83%   6.36%  32.43%   9.08%  13.04%  10.07%   7.89%      --      --
FEURX R6  20.02%  -5.56%   0.00%  19.06%   9.41%  10.58% --   7.67%   0.85% --
FTSE Gold Mines Index (since inception based on A Shares)  17.85%  -6.68%  -6.29%  20.32%   4.12%   5.21%   7.28%   0.58%      --      --
MSCI World Index (since inception based on A Shares)  21.85%   4.59%   4.39%  27.83%   8.79%  12.42%  10.06%   7.93%      --      --
FEURX R6  23.03%   2.51%  16.22%  38.01%  11.49%  11.54% --   8.20%   0.85% --
FTSE Gold Mines Index (since inception based on A Shares)  28.16%   1.91%  21.23%  54.78%   9.59%   6.71%   6.39%   0.85%      --      --
MSCI World Index (since inception based on A Shares)  18.86%   1.83%   6.36%  32.43%   9.08%  13.04%  10.07%   7.89%      --      --

Source: FactSet; data as of Sep 30, 2024.

Source: FactSet; data as of Nov 30, 2024.

  1. 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.

  1. Disclosures

  2. Gold Fund Inception dates: A Shares 08/31/1993, C Shares 05/15/2003, I Shares 05/15/2003, R6 Shares 03/01/2017.

  3. 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.

  4. Returns for periods less than one year are not annualized.

  5. 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.

  6. 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.

  7. 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.

  8. Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.

  9. Class R Shares are offered without sales charge.

  10. The annual expense ratio is based on expenses incurred by The Fund, as stated in the most recent prospectus.

Show More Show Less

  1. Definitions

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.

  8. 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.

Show More Show Less

Top Ten Holdings (%)

As of Nov 30, 2024

Wheaton Precious Metals Corp Canada 11.19
Gold Bullion Gold 9.38
Northern Star Resources Ltd Australia 8.42
Silver Bullion Silver 7.59
Agnico Eagle Mines Limited Canada 6.76
Newmont Corporation United States 6.40
Royal Gold, Inc. United States 4.90
Franco-Nevada Corporation Canada 4.80
Dundee Precious Metals Inc. Canada 4.80
Alamos Gold Inc. Canada 4.66
Top Ten Holdings as a Percentage of Total Net Assets 57.71

Allocation by Asset Class (%)

Equity: 82.78%
Gold Bullion: 9.00%
Silver Bullion: 7.49%
Short-Term, Cash & Cash Equivalents: 0.73%
Source: FactSet; data as of Sep 30, 2024.
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%
Gold Mining Stocks 67.43%
Gold Bullion 22.70%
Cash & Cash Equivalents 6.83%
Silver Bullion 3.04%

Allocation by Region (%)

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%
Source: FactSet; data as of Sep 30, 2024.
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%
Canada 43.89%
Gold Bullion 22.70%
United States 14.44%
Cash & Cash Equivalents 6.83%
Australia 4.60%
Mexico 3.21%
Silver Bullion 3.04%
South Africa 1.27%

  1. 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.

     

  2. 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.

  3. Percentages may not sum to 100% due to rounding.

  1. Disclosures

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. All investments involve the risk of loss of principal.

  1. Definitions

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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.

  7. The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.

  8. 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.

Fund Management

  • Max Belmont

    Portfolio Manager and Senior Research Analyst
    Industry start:  
    2008
    Year joined:  
    2014
  • Thomas Kertsos Headshot

    Thomas Kertsos

    Portfolio Manager and Senior Research Analyst
    Industry start:  
    2006
    Year joined:  
    2014

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 Universe

    The Fund invests primarily in gold, gold-related securities and issuers principally engaged in the gold industry.

  • 02

    Research Using Proprietary Model

    The 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
       

  1. Definitions

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. 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 following information describes the fees and expenses you may pay if you buy and hold shares of the Gold Fund.

Please read prospectus carefully for more complete information including details on fees, expenses and risks before investing.

Share Class A (SGGDX)

Expense Ratio and Shareholder Fees as of March 1, 2024

Shareholder Fee (%)

These are the fees paid directly from your investment.

 Sales ChargeDealer Re-Allowance
Less than $25,0005.004.50
$25,000 but less than $50,0004.504.25
$50,000 but less than $100,0004.003.75
$100,000 but less than $250,0003.253.00
$250,000 but less than $500,0002.502.25
$500,000 but less than $1,000,0001.501.25
$1,000,000 and over10.000.00

 

Expense Ratio (%)

These are the expenses you pay each year as a percentage of the value of your investment

Management Fees0.75
Distribution and Service (12b-1) Fees0.25
Other Expenses0.19
Total Annual Operating Expenses after Fee Waiver1.19

  1. Disclosures

  2. 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.

  3. 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.

  4. 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.

Share Class C (FEGOX)

Expense Ratio and Shareholder Fees as of March 1, 2024

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 Fees0.75
Distribution and Service (12b-1) Fees1.00
Other Expenses0.17
Total1.92

  1. Disclosures

  2. 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.

Share Class I (FEGIX)

Expense Ratio and Shareholder Fees as of March 1, 2024

Expense Ratio (%)

These are the expenses you pay each year as a percentage of the value of your investment

Management Fees0.75
Distribution and/or Service (12b-1) Fees0.00
Other Expenses0.19
Total0.94

  1. Disclosures

  2. Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.

  3. 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.

Share Class R6 (FEURX)

Expense Ratio and Shareholder Fees as of March 1, 2024

Expense Ratio (%)

These are the expenses you pay each year as a percentage of the value of your investment

Management Fees0.75
Distribution and Service (12b-1) Fees0.00
Other Expenses0.10
Total0.85

  1. Disclosures

  2. 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.

  1. 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.

Capital Gains Distributions

Record DateEx & Reinvestment DatePayable DateOrdinary IncomeShort Term Capital GainsLong Term Capital GainsLong 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
12/04/2023 12/05/2023 12/06/2023 $0.209 $0.000 $0.000 $0.000 $0.209
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.000 $0.000 $0.000
11/30/2021 12/01/2021 12/02/2021 $0.221 $0.000 $0.000 $0.000 $0.221
11/30/2020 12/01/2020 12/02/2020 $0.316 $0.000 $0.000 $0.000 $0.316
12/17/2019 12/18/2019 12/19/2019 $0.000 $0.000 $0.000 $0.000 $0.000
12/11/2018 12/12/2018 12/13/2018 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 $0.000 $0.000 $0.000 $0.000 $0.000
12/13/2016 12/14/2016 12/15/2016 $0.000 $0.000 $0.000 $0.000 $0.000
12/16/2015 12/17/2015 12/18/2015 $0.000 $0.000 $0.000 $0.000 $0.000
12/15/2014 12/16/2014 12/17/2014 $0.000 $0.000 $0.000 $0.000 $0.000
12/16/2013 12/17/2013 12/18/2013 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2012 12/13/2012 12/14/2012 $0.081 $0.000 $0.000 $0.000 $0.081
12/12/2011 12/13/2011 12/14/2011 $0.390 $0.000 $0.784 $0.112 $1.286
12/15/2010 12/16/2010 12/17/2010 $0.730 $0.000 $1.210 $0.000 $1.940
12/15/2009 12/16/2009 12/17/2009 $0.382 $0.000 $0.000 $0.000 $0.382
12/16/2008 12/17/2008 12/18/2008 $0.000 $0.000 $0.940 $0.117 $1.057
12/04/2024 12/05/2024 12/06/2024 $1.151 $0.000 $0.000 $0.000 $1.151
12/04/2023 12/05/2023 12/06/2023 $0.048 $0.000 $0.000 $0.000 $0.048
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.000 $0.000 $0.000
11/30/2021 12/01/2021 12/02/2021 $0.050 $0.000 $0.000 $0.000 $0.050
11/30/2020 12/01/2020 12/02/2020 $0.174 $0.000 $0.000 $0.000 $0.174
12/17/2019 12/18/2019 12/19/2019 $0.000 $0.000 $0.000 $0.000 $0.000
12/11/2018 12/12/2018 12/13/2018 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 $0.000 $0.000 $0.000 $0.000 $0.000
12/13/2016 12/14/2016 12/15/2016 $0.000 $0.000 $0.000 $0.000 $0.000
12/16/2015 12/17/2015 12/18/2015 $0.000 $0.000 $0.000 $0.000 $0.000
12/15/2014 12/16/2014 12/17/2014 $0.000 $0.000 $0.000 $0.000 $0.000
12/16/2013 12/17/2013 12/18/2013 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2012 12/13/2012 12/14/2012 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2011 12/13/2011 12/14/2011 $0.159 $0.000 $0.784 $0.112 $1.055
12/15/2010 12/16/2010 12/17/2010 $0.560 $0.000 $1.210 $0.000 $1.770
12/15/2009 12/16/2009 12/17/2009 $0.276 $0.000 $0.000 $0.000 $0.276
12/16/2008 12/17/2008 12/18/2008 $0.000 $0.000 $0.940 $0.117 $1.057
12/04/2024 12/05/2024 12/06/2024 $1.391 $0.000 $0.000 $0.000 $1.391
12/04/2023 12/05/2023 12/06/2023 $0.268 $0.000 $0.000 $0.000 $0.268
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.000 $0.000 $0.000
11/30/2021 12/01/2021 12/02/2021 $0.282 $0.000 $0.000 $0.000 $0.282
11/30/2020 12/01/2020 12/02/2020 $0.384 $0.000 $0.000 $0.000 $0.384
12/17/2019 12/18/2019 12/19/2019 $0.018 $0.000 $0.000 $0.000 $0.018
12/11/2018 12/12/2018 12/13/2018 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 $0.000 $0.000 $0.000 $0.000 $0.000
12/13/2016 12/14/2016 12/15/2016 $0.000 $0.000 $0.000 $0.000 $0.000
12/16/2015 12/17/2015 12/18/2015 $0.000 $0.000 $0.000 $0.000 $0.000
12/15/2014 12/16/2014 12/17/2014 $0.000 $0.000 $0.000 $0.000 $0.000
12/16/2013 12/17/2013 12/18/2013 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2012 12/13/2012 12/14/2012 $0.154 $0.000 $0.000 $0.000 $0.154
12/12/2011 12/13/2011 12/14/2011 $0.476 $0.000 $0.784 $0.112 $1.372
12/15/2010 12/16/2010 12/17/2010 $0.800 $0.000 $1.210 $0.000 $2.010
12/15/2009 12/16/2009 12/17/2009 $0.430 $0.000 $0.000 $0.000 $0.430
12/16/2008 12/17/2008 12/18/2008 $0.000 $0.000 $0.940 $0.117 $1.057
12/04/2024 12/05/2024 12/06/2024 $1.417 $0.000 $0.000 $0.000 $1.417
12/04/2023 12/05/2023 12/06/2023 $0.292 $0.000 $0.000 $0.000 $0.292
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.000 $0.000 $0.000
11/30/2021 12/01/2021 12/02/2021 $0.309 $0.000 $0.000 $0.000 $0.309
11/30/2020 12/01/2020 12/02/2020 $0.398 $0.000 $0.000 $0.000 $0.398
12/17/2019 12/18/2019 12/19/2019 $0.033 $0.000 $0.000 $0.000 $0.033
12/11/2018 12/12/2018 12/13/2018 $0.000 $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 $0.000 $0.000 $0.000 $0.000 $0.000

  1. Disclosures

  2. Ordinary income distributions are distributed at the class level and will vary by class.

  3. 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.

  4. "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.

  5. 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.

Fund Information

Portfolio Composition
Fact Sheet
Holdings
Dealer Fact Guide

Commentaries

Quarterly Commentary

Mutual Fund Shareholder Reports

Annual Tailored Shareholder Report-Class A
Annual Tailored Shareholder Report-Class C
Annual Tailored Shareholder Report-Class I
Annual Tailored Shareholder Report-Class R6
Annual Financial Statements and Other Information
Semi Annual Financial Statements and Other Information

  1. 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.

  1. The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.

  2. 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.

  1. Risk Disclosures

  2. 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.

  3. 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.

  4. 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.

  5. All investments involve the risk of loss of principal.

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Contact US

Corporate Headquarters

1345 Avenue of the Americas

New York, NY 10105

212-698-3300

  1. 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.

  2. 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.

  3. The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.

  4. 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