First Eagle Var Fds Shs Overseas Variable Fund
Name
As of 01/02/2019Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$253 M
Holdings in Top 10
31.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.31%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/02/2019Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FEOVX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.76%
- Dividend Yield 1.9%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameFirst Eagle Overseas Variable Port
-
Fund Family NameFirst Eagle
-
Inception DateFeb 03, 1997
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMatthew McLennan
Fund Description
To achieve its objective, under normal circumstances the Fund will invest primarily in equities, including common and preferred stocks, warrants or other similar rights to purchase a company’s securities, and convertible securities, issued by non-U.S. companies. The Fund may invest in securities traded in mature markets (for example, Canada, Japan, Germany and France) and in countries whose economies are still developing (sometimes called “emerging markets”). The Fund particularly seeks companies that have financial strength and stability, strong management and fundamental value (“fundamental value” is a term commonly used by value investors to refer to their estimate of the value an educated buyer would place on a company as a whole). Normally, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in foreign securities (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts) and “counts” relevant derivative positions towards this “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price). The Fund may invest up to 20% of its total assets in debt instruments (e.g., notes and bonds). Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may invest in debt instruments (without regard to credit rating or time to maturity), including short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals.
Although the Fund shares a similar name and investment objective to First Eagle Overseas Fund (a portfolio of the First Eagle Funds family), the two do not apply identical investment strategies.
FEOVX - Performance
Return Ranking - Trailing
Period | FEOVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | 0.4% | 18.2% | 20.03% |
1 Yr | N/A | -28.8% | 18.4% | 7.93% |
3 Yr | N/A* | -16.0% | 23.1% | 79.55% |
5 Yr | N/A* | -9.4% | 61.1% | 73.15% |
10 Yr | N/A* | -6.4% | 9.4% | 90.91% |
* Annualized
Return Ranking - Calendar
Period | FEOVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -43.6% | 71.3% | 98.86% |
2022 | N/A | -15.4% | 9.4% | 0.30% |
2021 | N/A | -10.4% | 121.9% | 0.47% |
2020 | N/A | -0.5% | 8.5% | 0.16% |
2019 | N/A | -13.0% | 0.0% | 0.18% |
Total Return Ranking - Trailing
Period | FEOVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -16.4% | 18.2% | 20.03% |
1 Yr | N/A | -28.8% | 18.4% | 7.18% |
3 Yr | N/A* | -16.0% | 23.1% | 74.47% |
5 Yr | N/A* | -9.4% | 61.1% | 74.75% |
10 Yr | N/A* | -3.0% | 10.2% | 93.91% |
* Annualized
Total Return Ranking - Calendar
Period | FEOVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -43.6% | 71.3% | 98.86% |
2022 | N/A | -15.4% | 9.4% | 0.30% |
2021 | N/A | -10.4% | 121.9% | 0.47% |
2020 | N/A | -0.5% | 8.5% | 0.16% |
2019 | N/A | -13.0% | 0.0% | 0.18% |
NAV & Total Return History
FEOVX - Holdings
Concentration Analysis
FEOVX | Category Low | Category High | FEOVX % Rank | |
---|---|---|---|---|
Net Assets | 253 M | 1.02 M | 369 B | 69.10% |
Number of Holdings | 164 | 1 | 10801 | 44.27% |
Net Assets in Top 10 | 88.9 M | 0 | 34.5 B | 65.21% |
Weighting of Top 10 | 31.58% | 1.9% | 101.9% | 27.25% |
Top 10 Holdings
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
- Gold Commodity In Ounces 13.01%
Asset Allocation
Weighting | Return Low | Return High | FEOVX % Rank | |
---|---|---|---|---|
Stocks | 80.14% | 0.00% | 122.60% | 98.73% |
Other | 11.08% | -16.47% | 17.36% | 1.41% |
Cash | 6.24% | -65.15% | 100.00% | 7.92% |
Bonds | 2.55% | -10.79% | 71.30% | 2.40% |
Preferred Stocks | 0.00% | 0.00% | 1.87% | 71.00% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 66.20% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FEOVX % Rank | |
---|---|---|---|---|
Consumer Defense | 23.62% | 0.00% | 32.29% | 0.87% |
Financial Services | 17.90% | 0.00% | 47.75% | 47.33% |
Industrials | 14.40% | 5.17% | 99.49% | 56.42% |
Basic Materials | 10.70% | 0.00% | 23.86% | 11.83% |
Consumer Cyclical | 9.37% | 0.00% | 36.36% | 70.13% |
Energy | 6.40% | 0.00% | 16.89% | 17.32% |
Healthcare | 6.17% | 0.00% | 21.01% | 94.52% |
Real Estate | 5.43% | 0.00% | 14.59% | 5.05% |
Technology | 4.67% | 0.00% | 36.32% | 95.38% |
Communication Services | 1.35% | 0.00% | 21.69% | 98.12% |
Utilities | 0.00% | 0.00% | 13.68% | 94.95% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FEOVX % Rank | |
---|---|---|---|---|
Non US | 77.14% | 0.00% | 125.24% | 95.33% |
US | 3.00% | -7.78% | 68.98% | 34.51% |
FEOVX - Expenses
Operational Fees
FEOVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.43% | 0.02% | 26.51% | 22.17% |
Management Fee | 0.75% | 0.00% | 1.60% | 69.45% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 47.65% |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
FEOVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FEOVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
FEOVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 11.31% | 2.00% | 247.00% | 15.63% |
FEOVX - Distributions
Dividend Yield Analysis
FEOVX | Category Low | Category High | FEOVX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.85% | 0.00% | 13.15% | 84.27% |
Dividend Distribution Analysis
FEOVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Net Income Ratio Analysis
FEOVX | Category Low | Category High | FEOVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.76% | -0.93% | 6.38% | 82.51% |
Capital Gain Distribution Analysis
FEOVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
FEOVX - Fund Manager Analysis
Managers
Matthew McLennan
Start Date
Tenure
Tenure Rank
Sep 12, 2008
13.72
13.7%
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
Start Date
Tenure
Tenure Rank
Apr 30, 2011
11.09
11.1%
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.
Christian Heck
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Alan Barr
Start Date
Tenure
Tenure Rank
May 01, 2021
1.08
1.1%
Alan is portfolio manager for the Overseas ADR strategy. He also serves as associate portfolio manager of the First Eagle International Value strategy and senior research analyst covering non-food consumer products, and forest products & paper. Before joining the Global Value team in March 2001, Alan spent seven years at Rittenhouse Financial Services and four years at PNC Bank as an equity research analyst. He holds a BA in communications with a minor in economics from Temple University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.35 | 6.18 | 3.25 |