Continue to site >
Trending ETFs

Name

As of 02/28/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Eagle Gold Fund

FIURX | Fund

$21.15

$2.1 B

1.00%

$0.22

1.10%

Vitals

YTD Return

-15.0%

1 yr return

-9.6%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

N/A

Net Assets

$2.1 B

Holdings in Top 10

73.0%

52 WEEK LOW AND HIGH

$21.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.10%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 5.13%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 02/28/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Eagle Gold Fund

FIURX | Fund

$21.15

$2.1 B

1.00%

$0.22

1.10%

FIURX - Profile

Distributions

  • YTD Total Return -15.0%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.08%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    First Eagle Gold Fund
  • Fund Family Name
    First Eagle Funds
  • Inception Date
    Jul 29, 2019
  • Shares Outstanding
    N/A
  • Share Class
    R4
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew McLennan

Fund Description

To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the Gold Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities (which may include both equity (e.g., common stocks) and, to a limited extent, debt instruments (e.g., notes and bonds)) directly related to gold or issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long-, medium-or short-life mines. Up to 20% of the Fund’s assets may be invested in equity and, to a limited extent, debt instruments unrelated to gold or the gold industry. The Fund anticipates it will allocate a substantial amount of its assets to foreign

investments (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts). The Fund may invest up to 20% of its total assets in debt securities. 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 also invest in fixed income instruments (without regard to credit rating or time to maturity), short-term debt instruments, other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “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, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value in connection with new rules requiring that treatment, which come into effect in 2025).

An investment in the Gold Fund is not intended to be a complete investment program. However, many investors believe that, historically, a limited exposure to investments in gold or gold-related instruments may provide some offset against the market impact of political and economic disruptions, as well as relieve inflationary or deflationary pressures.

The Gold Fund is a “non-diversified” fund. It generally invests a greater portion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund.

The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts). The Fund will invest in the Subsidiary in order to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies.

Unlike the Fund, the Subsidiary may invest without limitation in commodities and related instruments, however, the Subsidiary will comply with the same 1940 Act asset coverage requirements with respect to any investments in commodity-linked derivatives that are applicable to the Fund’s transactions in derivatives. In addition, to the extent applicable to the investment activities of the Subsidiary, the Subsidiary will be subject to the same fundamental investment restrictions and will follow the same compliance policies and procedures as the Fund. Compliance with the Fund’s investment restrictions generally will be measured on an aggregate basis in respect of the Fund’s and the Subsidiary’s portfolios. The Subsidiary will comply with the 1940 Act

provisions governing affiliate transactions and custody of assets. The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.

For more information about the Gold Fund’s principal investment strategies, please see the More Information about the Funds’ Investments section.

Read More

FIURX - Performance

Return Ranking - Trailing

Period FIURX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.0% -21.3% -9.2% 13.24%
1 Yr -9.6% -40.2% -2.2% 38.24%
3 Yr -2.5%* -24.5% 3.6% 7.35%
5 Yr N/A* -5.6% 10.4% 52.24%
10 Yr N/A* -6.0% 4.6% 33.87%

* Annualized

Return Ranking - Calendar

Period FIURX Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -19.2% 10.1% 30.88%
2022 -1.5% -32.9% -1.3% 5.88%
2021 -8.7% -51.0% 70.4% 19.12%
2020 28.0% 10.6% 63.4% 41.79%
2019 N/A -1.0% 54.7% N/A

Total Return Ranking - Trailing

Period FIURX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.0% -21.3% -9.2% 13.24%
1 Yr -9.6% -40.2% -2.2% 38.24%
3 Yr -2.5%* -24.5% 3.6% 7.35%
5 Yr N/A* -5.6% 10.4% 47.14%
10 Yr N/A* -6.0% 4.6% 30.65%

* Annualized

Total Return Ranking - Calendar

Period FIURX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% -19.2% 12.3% 33.82%
2022 -1.5% -32.9% 2.7% 7.35%
2021 -7.7% -23.6% 80.2% 25.00%
2020 29.9% 10.6% 70.6% 52.24%
2019 N/A 0.7% 58.5% N/A

NAV & Total Return History


FIURX - Holdings

Concentration Analysis

FIURX Category Low Category High FIURX % Rank
Net Assets 2.1 B 6.95 M 10.7 B 11.76%
Number of Holdings 30 24 271 94.12%
Net Assets in Top 10 1.58 B 9.07 M 8.36 B 11.76%
Weighting of Top 10 73.03% 36.1% 81.1% 14.71%

Top 10 Holdings

  1. Gold bullion 16.07%
  2. Wheaton Precious Metals Corp. 12.41%
  3. Barrick Gold Corp. 8.72%
  4. Newmont Corp. 8.16%
  5. Alamos Gold, Inc., Class A 4.89%
  6. Silver bullion 4.87%
  7. Agnico Eagle Mines Ltd. 4.64%
  8. Royal Gold, Inc. 4.50%
  9. Newcrest Mining Ltd. 4.45%
  10. Franco-Nevada Corp. 4.33%

Asset Allocation

Weighting Return Low Return High FIURX % Rank
Stocks
70.17% 70.17% 118.45% 98.53%
Other
20.94% -1.12% 20.94% 8.82%
Cash
8.75% 0.00% 8.75% 8.82%
Preferred Stocks
0.00% 0.00% 0.84% 67.65%
Convertible Bonds
0.00% 0.00% 0.00% 67.65%
Bonds
0.00% 0.00% 4.08% 69.12%

Stock Sector Breakdown

Weighting Return Low Return High FIURX % Rank
Basic Materials
100.00% 93.10% 100.00% 52.94%
Utilities
0.00% 0.00% 0.02% 70.59%
Technology
0.00% 0.00% 0.19% 67.65%
Real Estate
0.00% 0.00% 0.00% 67.65%
Industrials
0.00% 0.00% 4.56% 72.06%
Healthcare
0.00% 0.00% 0.00% 67.65%
Financial Services
0.00% 0.00% 0.14% 67.65%
Energy
0.00% 0.00% 2.88% 69.12%
Communication Services
0.00% 0.00% 0.00% 67.65%
Consumer Defense
0.00% 0.00% 0.00% 67.65%
Consumer Cyclical
0.00% 0.00% 2.75% 67.65%

Stock Geographic Breakdown

Weighting Return Low Return High FIURX % Rank
US
37.82% 0.15% 100.42% 51.47%
Non US
32.35% 0.00% 95.25% 91.18%

FIURX - Expenses

Operational Fees

FIURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.39% 4.25% 54.41%
Management Fee 0.75% 0.35% 1.00% 77.94%
12b-1 Fee 0.10% 0.00% 1.00% 16.22%
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

FIURX 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% 1.00% N/A

Trading Fees

FIURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 72.22%

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.

FIURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.13% 1.00% 114.00% 10.61%

FIURX - Distributions

Dividend Yield Analysis

FIURX Category Low Category High FIURX % Rank
Dividend Yield 1.00% 0.00% 5.23% 72.06%

Dividend Distribution Analysis

FIURX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual SemiAnnual

Net Income Ratio Analysis

FIURX Category Low Category High FIURX % Rank
Net Income Ratio 0.08% -18.00% 5.11% 69.12%

Capital Gain Distribution Analysis

FIURX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FIURX - Fund Manager Analysis

Managers

Matthew McLennan


Start Date

Tenure

Tenure Rank

Mar 01, 2013

9.25

9.3%

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.

Thomas Kertsos


Start Date

Tenure

Tenure Rank

Mar 01, 2016

6.25

6.3%

Thomas Kertsos joined First Eagle Investment Management, LLC in May 2014 and is also a member of the First Eagle Global Value analyst team. Prior to that, Mr. Kertsos worked as an analyst at Fidelity Management & Research.

Max Belmont


Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
1.25 34.34 11.37 6.25