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SGIIX First Eagle Global I

  • Fund
  • SGIIX
  • Price as of: Dec 08, 2016
  • $57.65
  • + $0.13
  • + 0.23%
  • Category
  • Global Allocation

SGIIX - Profile

Vitals

  • YTD Return 11.8%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 7.9%
  • Net Assets $49.9 B
  • Holdings in Top 10 22.4%

52 WEEK LOW AND HIGH

$57.65
$47.81
$57.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.84%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.28%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

$1,000,000

Investment Themes

CATEGORY

Global Allocation
  • Fund Type Open End Mutual Fund
  • Investment Style World Allocation

Distributions

  • YTD Total Return 11.8%
  • 3 Yr Annualized Total Return 4.7%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.79%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name First Eagle Global Fund
  • Fund Family Name First Eagle
  • Inception Date Jul 31, 1998
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Matthew B. McLennan

Fund Description

The First Eagle Global Fund Class I (SGIIX) is a low-cost, actively managed fund that aims for a high total return from capital appreciation and dividends. SGIIX is a global “go anywhere” stock fund and may invest in any sector, market cap or nation to accomplish its goal. The fund may also invest in cash or cash-like instruments when fund management feels there are no opportunities for their capital. Through fundamental analysis, SGIIX looks for stocks with good margins of safety and other value metrics.

Given its mandate, SGIIX makes an ideal satellite position in a broad equity portfolio.

SGIIX - Performance

Return Ranking - Trailing

Period SGIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.8% -25.7% 232.3% 5.16% 1
1 Yr 8.2% -35.4% 26.6% 7.94% 1
3 Yr 4.7% * -7.6% 9.0% 1.79% 1
5 Yr 7.9% * -4.1% 9.8% 4.11% 1
10 Yr 6.6% * -0.7% 6.6% 0.51% 1

* Annualized


Return Ranking - Calendar

Period SGIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.1% -30.7% 0.7% 7.50% 1
2014 -2.2% -25.2% 10.0% 43.21% 3
2013 10.4% -12.0% 23.8% 26.55% 2
2012 7.7% 0.0% 18.2% 54.84% 4
2011 -2.7% -13.0% 4.6% 22.00% 2

Total Return Ranking - Trailing

Period SGIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.8% -25.7% 232.5% 6.67% 1
1 Yr 8.2% -35.4% 40.9% 6.87% 1
3 Yr 4.7% * -8.3% 12.6% 1.79% 1
5 Yr 7.9% * -4.3% 9.8% 3.48% 1
10 Yr 6.6% * -0.7% 6.6% 0.51% 1

* Annualized


Total Return Ranking - Calendar

Period SGIIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.7% -30.2% 7.0% 12.73% 1
2014 3.3% -13.1% 18.1% 35.80% 2
2013 17.9% -9.8% 49.2% 31.07% 2
2012 15.5% 0.0% 30.6% 35.81% 2
2011 0.0% -17.9% 9.4% 26.00% 2

NAV & Total Return History

SGIIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

SGIIX Category Low Category High SGIIX % Rank Quintile
Net Assets 49.9 B 774 K 99.4 B 0.85% 1
Number of Holdings 174 2 3845 10.57% 3
Net Assets in Top 10 11.3 B -239 M 21.4 B 0.63% 1
Weighting of Top 10 22.4% 0.0% 598.1% 21.35% 4

Top 10 Holdings

  1. Gold Commodity In Ounces 7.06%
  2. Microsoft Corp 1.88%
  3. Oracle Corp 2.11%
  4. Comcast Corp Class A 1.92%
  5. KDDI Corp 1.94%
  6. Omnicom Group Inc 1.51%
  7. Weyerhaeuser Co 1.51%
  8. Fanuc Corp 1.54%
  9. HeidelbergCement AG 1.51%
  10. American Express Co 1.44%

Asset Allocation

Weighting Category Low Category High SGIIX % Rank Quintile
Stocks
73.53% -8.46% 99.38% 4.02% 1
Cash
17.09% -494.35% 134.11% 4.86% 1
Other
7.48% -1.39% 43.40% 6.55% 2
Bonds
1.72% -109.86% 522.50% 25.58% 5
Preferred Stocks
0.18% 0.00% 18.02% 8.88% 2
Convertible Bonds
0.00% 0.00% 35.17% 6.34% 3

Stock Sector Breakdown

Weighting Category Low Category High SGIIX % Rank Quintile
Industrials
14.28% 0.00% 14.28% 0.22% 1
Financial Services
11.93% -1.55% 21.00% 4.21% 1
Basic Materials
11.84% -0.11% 19.84% 0.89% 1
Technology
10.40% -1.42% 22.15% 4.21% 1
Consumer Defense
5.53% -1.18% 17.20% 8.20% 2
Consumer Cyclical
5.44% 0.00% 12.26% 13.53% 3
Energy
4.68% -0.11% 26.39% 5.76% 2
Communication Services
4.40% -0.71% 19.88% 3.55% 1
Healthcare
2.78% -2.40% 12.74% 17.29% 4
Real Estate
1.82% -0.70% 30.58% 14.86% 3
Utilities
0.44% 0.00% 23.13% 18.63% 4

Stock Geographic Breakdown

Weighting Category Low Category High SGIIX % Rank Quintile
Non US
37.43% 0.00% 93.46% 5.71% 1
US
36.10% -55.91% 95.65% 5.07% 2

Bond Sector Breakdown

Weighting Category Low Category High SGIIX % Rank Quintile
Cash & Equivalents
17.09% -494.33% 122.93% 5.50% 1
Government
1.62% -113.05% 521.24% 22.83% 5
Corporate
0.19% 0.00% 56.15% 24.10% 5
Securitized
0.00% 0.00% 28.69% 15.64% 4
Municipal
0.00% 0.00% 9.55% 8.03% 3
Derivative
0.00% -11.26% 11.18% 4.23% 2

Bond Geographic Breakdown

Weighting Category Low Category High SGIIX % Rank Quintile
US
1.16% -112.86% 168.69% 23.68% 5
Non US
0.56% 0.00% 353.81% 24.10% 5

SGIIX - Expenses

Operational Fees

SGIIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.84% 0.01% 19.72% 37.50% 1
Management Fee 0.75% 0.00% 1.70% 4.89% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.05% 0.00% 0.55% 7.19% 2

Sales Fees

SGIIX Fees (% of AUM) Category Low Category High SGIIX Rank Quintile
Front Load N/A 0.15% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

SGIIX Fees (% of AUM) Category Low Category High SGIIX Rank Quintile
Max Redemption Fee 2.00% 0.11% 2.00% 1.49% 3

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SGIIX Fees (% of AUM) Category Low Category High SGIIX Rank Quintile
Turnover 11.28% 0.00% 1837.00% 19.40% 1

SGIIX - Distributions

Dividend Yield Analysis

SGIIX Category Low Category High SGIIX % Rank Quintile
Dividend Yield 0.8% 0.00% 2.17% 9.07% 1

Dividend Distribution Analysis

SGIIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SGIIX Category Low Category High SGIIX % Rank Quintile
Net Income Ratio 0.79% -2.46% 9.28% 41.74% 4

Capital Gain Distribution Analysis

SGIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

SGIIX - Managers

Matthew B. McLennan

Lead Manager

Start Date

Sep 12, 2008

Tenure

8.22

Tenure Rank

2.1%

Matt is head of the Global Value team and a portfolio manager of the Global Value, International Value and Gold strategies with Abhay Deshpande and Kimball Brooker. Matt joined First Eagle Investment Management, LLC in September 2008. Most recently, Matt worked for Goldman Sachs Asset Management (GSAM) in London where he served as co-portfolio manager of Global Equity Partners, a group he founded in 2003 that ran a focused global equity portfolio for offshore private wealth clients. The portfolio used a value-driven approach with an absolute return focus that emphasized low turnover and resilience in distressed environments.Matt started his career with Queensland Investment Corporation (Australia) in 1991, where he eventually managed over one billion dollars in international equity portfolios. In 1994, he joined Goldman Sachs in Sydney before moving to New York to GSAM’s U.S. Value team as a small cap research analyst. In 1997, he was appointed portfolio manager, and at the end of 1998, senior portfolio manager and co-portfolio manager, of the U.S. Small Cap Value and U.S. Mid Cap Value strategies. In 2001, Matt co-founded and was named Equity Chief Investment Officer of the Investment Strategy Group for Goldman’s private wealth management business and in 2002 was named a managing director of the firm. Born in Rabaul, Papua New Guinea, Matt grew up in Queensland, Australia and received his Bachelor of Commerce with first-class honors from the University of Queensland. He is a member of the Executive Committee of the Leadership Council of the Harvard School of Public Health, he serves as a member of the Board of Directors for the Foundation of the University of Queensland in America and on the Global Advisory Board of Advance, the leading network of expatriate Australian professionals. He also serves on the Trinity School Board of Trustees where he is as a member of the Investment and Education Committees. Matt holds the Chartered Financial Analyst (CFA) designation.


Kimball Brooker

Manager

Start Date

Feb 28, 2011

Tenure

5.76

Tenure Rank

3.6%

Kimball is Deputy Head of the Global Value team and a portfolio manager for the First Eagle Global Value and International Value strategies with Matt McLennan and Abhay Deshpande. He joined First Eagle’s Global Value team in 2009 as a senior research analyst covering banks, commercial services, financial services and holding companies. Kimball began his career in 1992 as a financial analyst at Lazard Frères & Co. From there, he joined J.P. Morgan as an associate in the Investment Banking Department’s billion-dollar Corsair private equity funds. In 1998, Kimball returned to J.P. Morgan after finishing his M.B.A. He was named Chief Investment Officer of the Corsair Funds and managing director in 2005. In 2006, Corsair successfully completed a spin-off from J.P. Morgan with nearly $3 billion under management. Kimball received his B.A. from Yale University and his MBA from Harvard University.


Tenure Analysis

Category Low

0.0

Category High

27.8

Category Average

5.17

Category Mode

1.9