Market & Topical Perspectives

First Eagle Small Cap Team Celebrates Three Years

First Eagle Small Cap Team Celebrates Three Years

Fund Highlights

  • Time Flies

    The Small Cap Team now has a three-year track record at First Eagle.

     

  • Distinct Approach

    With a bottom-up, benchmark agnostic approach, the Fund seeks to exploit volatility and identify undervalued small cap companies that trade at value-oriented metrics and possess catalysts for potential value appreciation and earnings recovery.

  • True Small Cap Specialists

    The team has deep expertise with 15+ years of investment experience and has grown to 8 members since joining First Eagle.

  • Growing AUM

    With assets under management of approximately at $1.9 billion as of March 31, 2024, the Fund's widespread adoption since its inception on April 27, 2021, underscores the appeal of the team's disciplined, active approach to opportunities on the smaller end of the capitalization spectrum.

True Small Cap Specialists

The seasoned management team has deep experience leveraging opportunities offered by small and micro-cap companies across market cycles.

Click arrows to view the full team.

Disclosures

Diversification does not guarantee investment returns and does not eliminate the risk of loss.

The above are not investment guidelines or restrictions and are subject to change without notice.

Not all companies held in this Fund will meet the criteria listed.

Small Cap Opportunity Fund Inception dates: A Shares 07/01/2021, I Shares 04/27/2021, R6 Shares 07/01/2021.

Inception date shown for the Russell 2000 Value and Russell 2000 Indices matches the Small Cap Opportunity Class I shares, which have the oldest since inception date for the Small Cap Opportunity Fund.

Definitions

Russell 2000® Index: The Russell 2000® Index is an unmanaged index that measures the performance of the 2000 smallest companies in the Russell 3000 Index and is not available for purchase.

Russell 2000® Value Index: Russell 2000® Value Index measures the performance of small-cap value segment of the US equity universe. It includes those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.

Risk Disclosures

The First Eagle Small Cap Opportunity Fund is new and may not be successful under all future market conditions. The Fund may not attract sufficient assets to achieve investment, trading or other efficiencies.

The value and liquidity of portfolio holdings may fluctuate in response to events specific to the companies or markets, as well as economic, political or social events in the United States or abroad. During periods of market volatility, the value of individual securities and other investments at times may decline significantly and rapidly. The securities of small and micro-size companies can be more volatile in price than those of larger companies and may be more difficult or expensive to trade.

There are risks associated with investing in foreign investments (including depositary receipts). Foreign investments, which can be denominated in foreign currencies, are susceptible to less politically, economically and socially stable environments, fluctuations in the value of foreign currency and exchange rates, and adverse changes to government regulations.

A principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented.

All investments involve the risk of loss of principal.

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.

First Eagle Investments is the brand name for First Eagle Investment Management, LLC and its subsidiary investment advisers.

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