First Eagle Global Funds Investment Overview and Analysis

First Eagle Global Funds is a family of investment funds managed by First Eagle Investment Management, a reputable investment management firm with a long history of successful investment strategies.

The funds are designed to provide investors with a range of investment options that can help them achieve their long-term financial goals.

First Eagle Global Funds have a strong track record of delivering consistent returns over the long term, with a focus on capital preservation and growth.

The funds are managed by experienced investment professionals who have a deep understanding of global markets and economies.

First Eagle Global Funds offer a range of investment options, including the First Eagle Global Fund, which has a low annual expense ratio of 0.66%.

This fund is managed by Matthew McLennan, who has over 25 years of investment experience.

The fund focuses on long-term growth, with a strategy that emphasizes quality over cost.

Investors can choose from a variety of share classes, including institutional and retail options.

Minimum investment requirements vary by share class, but are generally around $1,000.

The fund has a history of outperforming its benchmark, with a 10-year annualized return of 8.6%.

This performance is due in part to the fund's ability to navigate market volatility and capitalize on opportunities.

The fees associated with First Eagle Global Funds are relatively low, with an operational fee of 1.10% of the fund's assets under management (AUM).

This fee is broken down into several components, including a management fee of 0.75% and a 12b-1 fee of 0.25%. These fees are compared to the category average return low and high, ranking the fund at 48.02% and 76.02% respectively.

The total expense ratio for the fund is 0.8571%, which includes a variety of fees such as advisor fee expense, transfer agency fee expense, and custodian fee expense.

Fees and Charges can be overwhelming, but let's break it down.

The total expense for a fund can be as low as 0.8571% of the Assets Under Management (AUM). This is a relatively low fee, but it's essential to understand where your money is going.

The advisor fee expense is a significant portion of the total expense, making up 0.7502% of the AUM. This is a standard fee for hiring a professional to manage your investments.

Other fees, such as transfer agency fee expense, custodian fee expense, and administrator fee expense, add up to a total of 0.0748% of the AUM, 0.0115% of the AUM, and 0.0074% of the AUM respectively. These fees are necessary for the day-to-day operations of the fund.

Here's a breakdown of the various fees:

By understanding the various fees associated with a fund, you can make informed decisions about your investments.

Sales fees can eat into your investment returns, so it's essential to understand what they are and how they work. The sales fees for SGENX are 5.00% of the Assets Under Management (AUM).

You'll notice that there are different types of sales fees, including front load and deferred load. Front load fees are charged upfront when you invest, while deferred load fees are charged later.

A front load fee of 5.00% is quite steep, and you'll want to consider this cost when deciding whether to invest. The category return low and high for SGENX with a front load fee are 0.00% and 5.75% respectively.

Deferred load fees, on the other hand, are not applicable to SGENX. This means you won't have to worry about paying a deferred load fee on this investment. The category return low and high for SGENX with a deferred load fee are 1.00% and 5.50% respectively.

The distributions history of First Eagle Global Funds is a fascinating topic. The funds have a long history of distributing dividends and capital gains to shareholders.

The first recorded distribution was on December 5, 2002, with a dividend payment of $0.490 per share.

The funds have consistently paid dividends annually, with some years featuring multiple distributions. For example, in 2024, the funds paid a total of $1.597 in ordinary dividends and $2.038 in capital gain long-term distributions.

Here's a breakdown of the funds' distributions history:

The funds have also made capital gain distributions, with some years featuring both short-term and long-term gains. In 2007, for example, the funds paid $4.211 in capital gain long-term distributions.

The funds' distributions history is a testament to their consistent performance and commitment to returning value to shareholders.

When it comes to measuring the performance of First Eagle Global Funds, there are several key metrics to consider. The funds have consistently delivered strong returns, with the First Eagle Global Fund having a 10-year annualized return of 8.4%.

The fund's ability to generate consistent returns is a testament to the expertise of its investment team. They have a long-term focus and a disciplined investment approach that has served them well.

The First Eagle Global Fund has outperformed its benchmark, the MSCI ACWI Index, in 7 out of the past 10 years. This is a significant achievement, especially considering the fund's focus on long-term value rather than short-term gains.

The fund's manager has a strong track record of picking high-quality companies that have the potential for long-term growth. This approach has helped the fund to deliver strong returns in a variety of market conditions.

The First Eagle Global Fund has a low turnover rate of 10%, which is a sign of a stable and well-researched investment approach. This low turnover rate has helped the fund to minimize trading costs and maximize returns.

The First Eagle Global Funds have a portfolio composition that's worth taking a closer look at.

The fund is heavily weighted towards stocks, with a whopping 81.55% allocation. This is likely a key driver of the fund's performance.

Breaking down the stock allocation further, we can see that the fund has a significant presence in various sectors, including Technology (12.42%), Financial Services (18.16%), and Consumer Defense (14.22%).

Here's a breakdown of the fund's geographic exposure:

The fund's concentration analysis reveals that it holds a relatively small number of stocks, with 193 holdings in total.

Asset allocation is the foundation of a well-rounded portfolio. It's the process of dividing your investments among different asset classes, such as stocks, bonds, and cash, to achieve your financial goals.

According to the data, the asset allocation in the portfolio is heavily weighted towards stocks, with a whopping 81.55% allocation. This is a significant portion of the overall portfolio, and it's worth considering the potential risks and rewards associated with this level of stock exposure.

The table below breaks down the asset allocation into its various components:

The allocation to stocks is not evenly distributed across different sectors, with some sectors receiving a much higher weighting than others.

When looking at the geographic breakdown of our bond portfolio, we can see that the US has a weighting of 0.01%. This is a relatively small portion of the overall portfolio.

The US segment has a return range of -177.12% to 87.76%.

In contrast, the Non US segment has a much smaller weighting of 0.00%.

This segment has a return range of -39.00% to 137.36%.

Here is a summary of the geographic breakdown:

The Non US segment ranks 76.83% in terms of SGENX % Rank.