FEURX: First Eagle Gold R6

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FEURX First Eagle Gold R6

  • Fund
  • FEURX
  • Price as of: Dec 06, 2019
  • $18.88
    - $0.33 - 1.72%

Profile

FEURX - Profile

Vitals

  • YTD Return 28.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.2 B
  • Holdings in Top 10 72.1%

52 WEEK LOW AND HIGH

$18.88
$13.89
$21.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.91%

SALES FEES

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

BROKERAGE FEES

  • Turnover 9.43%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 28.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.14%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    First Eagle Gold Fund
  • Fund Family Name
    First Eagle
  • Inception Date
    Mar 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew B. McLennan

Fund Description

To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities 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. The fund is non-diversified.


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Categories

Performance

FEURX - Performance

Return Ranking - Trailing

Period FEURX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.8% -36.2% 44.0% 16.67%
1 Yr 33.9% -46.7% 58.5% 18.42%
3 Yr N/A* -31.6% 9.9% 41.82%
5 Yr N/A* -20.0% 11.2% 13.59%
10 Yr N/A* -12.3% 7.7% 31.33%

* Annualized

Return Ranking - Calendar

Period FEURX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.6% -46.3% -1.6% 32.73%
2017 N/A -39.4% 19.1% N/A
2016 N/A 3.4% 50.2% N/A
2015 N/A -31.0% 0.0% N/A
2014 N/A -26.2% 55.4% N/A

Total Return Ranking - Trailing

Period FEURX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.8% -36.2% 44.0% 16.67%
1 Yr 33.9% -46.7% 58.5% 16.67%
3 Yr N/A* -31.6% 11.1% 45.45%
5 Yr N/A* -13.3% 11.2% 26.21%
10 Yr N/A* -12.3% 9.1% 40.96%

* Annualized

Total Return Ranking - Calendar

Period FEURX Return Category Return Low Category Return High Rank in Category (%)
2018 -15.6% -46.3% -1.6% 36.36%
2017 N/A -9.5% 22.7% N/A
2016 N/A 4.1% 73.0% N/A
2015 N/A -31.0% 0.6% N/A
2014 N/A -26.2% 55.4% N/A

NAV & Total Return History


Holdings

FEURX - Holdings

Concentration Analysis

FEURX Category Low Category High FEURX % Rank
Net Assets 1.2 B 1.87 M 1.63 B 11.86%
Number of Holdings 26 21 328 91.53%
Net Assets in Top 10 842 M 178 K 1.21 B 5.93%
Weighting of Top 10 72.13% 14.5% 72.1% 0.85%

Top 10 Holdings

  1. Gold Commodity In Ounces 18.45%
  2. Barrick Gold Corp 11.04%
  3. Newmont Goldcorp Corp 9.79%
  4. Wheaton Precious Metals Corp 6.67%
  5. Silver Commodity In Ounces 4.77%
  6. Newcrest Mining Ltd 4.62%
  7. Agnico Eagle Mines Ltd 4.40%
  8. Royal Gold Inc 4.26%
  9. Novagold Resources Inc 4.19%
  10. B2Gold Corp 3.95%

Asset Allocation

Weighting Return Low Return High FEURX % Rank
Stocks
70.24% 19.96% 100.73% 89.83%
Other
23.22% -0.13% 23.22% 0.85%
Cash
6.53% -0.73% 80.17% 7.63%
Preferred Stocks
0.00% 0.00% 0.00% 8.47%
Convertible Bonds
0.00% 0.00% 2.04% 17.80%
Bonds
0.00% 0.00% 8.67% 21.19%

Stock Sector Breakdown

Weighting Return Low Return High FEURX % Rank
Basic Materials
70.09% -1.29% 99.45% 36.44%
Utilities
0.00% 0.00% 33.13% 27.97%
Technology
0.00% 0.00% 18.26% 31.36%
Real Estate
0.00% 0.00% 1.02% 18.64%
Industrials
0.00% 0.00% 44.76% 64.41%
Healthcare
0.00% 0.00% 14.36% 27.12%
Financial Services
0.00% -0.01% 0.97% 12.71%
Energy
0.00% 0.00% 77.87% 60.17%
Communication Services
0.00% 0.00% 3.81% 13.56%
Consumer Defense
0.00% -0.32% 10.62% 27.12%
Consumer Cyclical
0.00% 0.00% 18.35% 43.22%

Stock Geographic Breakdown

Weighting Return Low Return High FEURX % Rank
Non US
56.17% 0.34% 94.03% 44.92%
US
14.07% 3.11% 95.71% 70.34%

Expenses

FEURX - Expenses

Operational Fees

FEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.91% 0.47% 11.69% 83.33%
Management Fee 0.75% 0.00% 1.25% 42.37%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

FEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.05% 2.00% 5.00%

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.

FEURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.43% 6.00% 528.00% 7.63%

Distributions

FEURX - Distributions

Dividend Yield Analysis

FEURX Category Low Category High FEURX % Rank
Dividend Yield 0.00% 0.00% 7.25% 49.15%

Dividend Distribution Analysis

FEURX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

FEURX Category Low Category High FEURX % Rank
Net Income Ratio -0.14% -2.27% 2.90% 68.42%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FEURX - Fund Manager Analysis

Managers

Matthew B. McLennan


Start Date

Tenure

Tenure Rank

Mar 01, 2013

6.75

6.8%

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

3.75

3.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.84 8.99 13.34