Description
First Eagle Fund of America
Quarterly Fact Sheet
December 31, 2015
Investment Objective
A non-diversified fund that seeks capital appreciation by investing primarily in U.S.
stocks and, to a lesser extent, in debt and international equities.
Class C FEAMX
Class A (FEFAX)
Class C (FEAMX) Class I (FEAIX) Class Y (FEAFX)° S&P 500 Index
11/20/98 (Inception)
03/02/98 (Inception) 03/08/13 (Inception) 04/10/87 (Inception)
w/out sales charge w sales charge
04/10/87
w sales charge
w/out sales charge
w/out sales charge
YTD
1 Year
3 Years
-3.52
-3.52
11.72
-8.36
-8.36
9.82
-5.16
-5.16
10.90
-3.20
-3.20
--
-3.54
-3.54
11.72
1.38
1.38
15.13
5 Years
10.84
9.71
10.02
--
10.83
12.57
8.73
8.61
8.17
8.28
7.92
7.81
2.13
-9.91
1.06
8.72
11.81
1.38
7.31
9.45
10 Years
Since Inception
Expense Ratio
1.38
° As of September 1, 2005, Class Y Shares are closed to new accounts.
Growth of $10,000 Since Inception
$280
FEFAX $235,273
Thousands
$240
$200
$160
Class I FEAIX
Average Annual Returns (%)
S&P 500 Index $134,148
Class A FEFAX
Class Y FEAFX°
Portfolio Management
Harold Levy
David Cohen
Eric Stone
Portfolio Characteristics
Inception
Net Assets
Number of Companies
Weighted Avg. Market Cap
Median Market Cap
3-Year Beta¹ vs. S&P 500
Index
3-Year Standard Deviation²
Turnover - As of
October 31, 2015
04/10/1987
$3,656MM
35
$35,260MM
$9,393MM
0.96
11.24
32.23%
Morningstar Rating™
$120
$80
Category: Mid-Cap Blend
$40
Class Y shares rated four stars overall by Morningstar among 389 Mid-Cap Blend funds for the 3-,
5- and 10-year periods ended 12/31/15. The Overall
Morningstar Rating for First Eagle Fund of America is
derived from a weighted average of the performance
figures associated with its 3-, 5- and 10-year Morningstar Rating metrics.³
$0
YE87 YE89 YE91 YE93 YE95 YE97 YE99 YE01 YE03 YE05 YE07 YE09 YE11 YE13 YE15
Results shown are since 04/10/1987.
This chart illustrates a hypothetical $10,000 investment in Class A Shares without the effect of sales charges and assumes all distributions have been reinvested and if sales charge was included values would be lower. Class A Shares were not in existence prior to November 20, 1998. Performance for any periods up to November 20, 1998, is based on the historical performance of Class Y Shares adjusted to assume the expenses associated with Class A Shares. êêêê The performance data quoted herein represents past performance and does not guarantee future results.
Market volatility can dramatically impact the fund’s short-term performance. Current performance and expense ratios may differ from figures shown. For performance data current to the most recent month end, please call First Eagle Funds at 800.334.2143 or visit us at www.feim.com.
The average annual returns are historical and reflect changes in share price, reinvested dividends and are net of expenses. “With sales charge” performance for Class A Shares gives effect to the deduction of the maximum sales charge of 5.00%. The Class A Shares were not in existence prior to November 20, 1998.
Performance for any periods up to November 20, 1998, is based on the historical performance of Class Y Shares adjusted to assume the expenses associated with Class A Shares. The average annual returns for Class C Shares reflect a CDSC (contingent deferred sales charge) of 1.00% in the year-to-date and first year only. Class I Shares require $1MM minimum investment and are offered without sales charge. Class Y Shares are offered without sales charge.
Operating expenses reflect the Fund’s total annual operating expenses for the share class as of the Fund’s most current prospectus, including management fees and other expenses. 1. Beta is a measure of the fund’s volatility (risk) relative to the overall market. The higher the fund’s Beta, the more the fund price is expected to change in response to a given change in the value of the market. 2.
Standard deviation is a statistical measure of how returns over time have varied from the mean. A lower number signifies lower volatility. 3. ©2015 Morningstar, Inc.
All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Past performance is no guarantee of future results. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Ratings are relative to a peer group and do not necessarily mean that the fund had high total returns.
For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) First Eagle Fund of America Morningstar ratings – Y Shares: Mid-Cap Blend Category; Three-year rating: 3 stars/389 funds.
Five-year rating: 4 stars/323 funds. Ten-year rating: 5 stars/211 funds. Different share classes may have different ratings. .
First Eagle Fund of America Quarterly Fact Sheet Allocation By Sector (%)6 Top 10 Holdings (%)4 Allergan PLC (Pharma) Teva Pharmaceutical Industries Ltd. (Pharma) Sealed Air Corp. (Materials) Lowe’s Companies, Inc. (Cons.
Disc.) Valeant Pharmaceuticals Int’l, Inc. (Pharma) 5.7 5.4 4.9 4.5 4.5 „„ Materials 27.4 „„ Pharmaceuticals 15.7 „„ Information 14.2 Wyndham Worldwide Corp. (Cons.
Disc.) 4.4 Tyson Foods, Inc. (Cons. Staples) Pitney Bowes Inc.
(Industrials) Eastman Chemical Company (Materials) LyondellBasell Industries NV (Materials) Total as % of Net Assets 4.4 4.4 4.3 4.3 46.8 Technology „„ Consumer Discretionary „„ Industrials „„ Biotechnology „„ Consumer Staples „„ Energy „„ Health Care Services „„ & Cash Cash Equivalents 4. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities. Current and future portfolio holdings are subject to risk. 10 Year Risk vs. Return 5 Annualized Annualized Standard Return (%) Deviation (%) 10 Annualized Return (%) 9 8 7 S&P 500 Index Index Averages 7 6 Russell 3000 Index 7.35 15.50 Russell Midcap Value Index 6 19.70 7.61 17.78 7.27 11 12 13 14 15 16 Annualized Standard Deviation (%) 18 19 4.0 2.2 2.0 16.99 5 10 10.4 5.5 5.5 15.00 6.80 13.1 14.42 7.31 Russell 2000 Index Russell 2000 Index 8.73 S&P 500 Index Russell Midcap Value Index Russell 3000 Index 8 FEFAX Index Averages FEFAX 9 4th Quarter 2015 Allocation By Market Capitalization (%)6,7 „„ Large Cap „„ Cap Mid „„ Small Cap 48.7 41.6 9.7 20 Results shown are since 12/31/2005.
This chart illustrates risk and return data for Class A Shares without the effect of sales charges and assumes all distributions have been reinvested and if sales charge was ncluded values would be lower. i 5. The Russell Midcap Value Index is an unmanaged index of mid-capitalization companies in the Russell Midcap Index with lower price-to-book ratios and lower forecasted growth values and is not available for purchase. The Russell 3000 Index is an unmanaged index that measures the performance of the 3000 largest U.S.
companies based on market capitalization, which encompasses 98% of the total market capitalization of the publicly traded U.S. equity market, and is not available for purchase. The Russell 2000 Index is an unmanaged index that measures the performance of the 2000 smallest companies in the Russell 3000 Index and is not available for purchase. 6.
Percentages may not equal 100% due to rounding. 7. Based on Morningstar’s definition of Market Capitalization Breakpoints, as of 12/31/2015. Small Cap is less than $3.7 billion, Mid Cap is between $3.7 billion and $17.4 billion and Large Cap is greater than $17.4 billion. Calendar Year Returns (%) Class A (FEFAX) 2015 2014 2013 2012 2011 2010 2009 2008 S&P 500 Index -3.52 10.29 31.05 21.17 -0.99 21.30 26.16 -30.71 1.38 13.69 32.39 16.00 2.11 15.06 26.46 -37.00 Class A (FEFAX) 2007 2006 2005 2004 2003 2002 2001 2000 S&P 500 Index 12.43 15.79 6.56 15.82 22.11 -7.38 8.00 0.08 5.49 15.79 4.91 10.88 28.68 -22.10 -11.89 -9.10 Class A (FEFAX) 1999 1998 1997 1996 1995 1994 1993 1992 S&P 500 Index 11.80 20.39 29.80 29.43 36.49 -2.90 23.85 24.14 21.04 28.58 33.36 22.96 37.58 1.32 10.08 7.62 Class A (FEFAX) 1991 1990 1989 1988 1987* S&P 500 Index 20.85 -18.02 26.54 22.55 -2.35 30.47 -3.10 31.69 16.61 -15.63 *1987 performance is for the period 04/10/1987 to 12/31/1987. Performance information is for Class A Shares without the effect of sales charges and assumes all distributions have been reinvested and if sales charge was included values would be lower.
Past performance does not guarantee future results. The event-driven investment style used by First Eagle Fund of America carries the additional risk that the event anticipated occurs later than expected, does not occur at all or does not have the desired effect on the market price of the securities. Investment in gold and gold related investments present certain risks, and returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets. The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value. The Standard & Poor’s 500 Index is a widely recognized unmanaged index including a representative sample of 500 leading companies in leading sectors of the U.S. economy and is not available for purchase. Although the Standard & Poor’s 500 Index focuses on the large-cap segment of the market, with approximately 80% coverage of U.S.
equities, it is also considered a proxy for the total market. The Standard & Poor’s 500 Index includes dividends reinvested. One cannot invest directly in an index. Investors should consider the investment objectives, risks, charges, and expenses of a fund carefully before investing.
The prospectus and summary prospectus contain this and other information about the fund, and may be obtained by contacting your financial adviser, visiting our website at www.feim.com or calling us at 800.334.2143. Please read the prospectus carefully before investing. Investments are not FDIC insured or bank guaranteed, and may lose value. First Eagle Funds are offered by FEF Distributors, LLC.
www.feim.com First Eagle Investment Management, LLC 1345 Avenue of the Americas, New York, NY 10105-0048 A-FS-FEA .
This chart illustrates a hypothetical $10,000 investment in Class A Shares without the effect of sales charges and assumes all distributions have been reinvested and if sales charge was included values would be lower. Class A Shares were not in existence prior to November 20, 1998. Performance for any periods up to November 20, 1998, is based on the historical performance of Class Y Shares adjusted to assume the expenses associated with Class A Shares. êêêê The performance data quoted herein represents past performance and does not guarantee future results.
Market volatility can dramatically impact the fund’s short-term performance. Current performance and expense ratios may differ from figures shown. For performance data current to the most recent month end, please call First Eagle Funds at 800.334.2143 or visit us at www.feim.com.
The average annual returns are historical and reflect changes in share price, reinvested dividends and are net of expenses. “With sales charge” performance for Class A Shares gives effect to the deduction of the maximum sales charge of 5.00%. The Class A Shares were not in existence prior to November 20, 1998.
Performance for any periods up to November 20, 1998, is based on the historical performance of Class Y Shares adjusted to assume the expenses associated with Class A Shares. The average annual returns for Class C Shares reflect a CDSC (contingent deferred sales charge) of 1.00% in the year-to-date and first year only. Class I Shares require $1MM minimum investment and are offered without sales charge. Class Y Shares are offered without sales charge.
Operating expenses reflect the Fund’s total annual operating expenses for the share class as of the Fund’s most current prospectus, including management fees and other expenses. 1. Beta is a measure of the fund’s volatility (risk) relative to the overall market. The higher the fund’s Beta, the more the fund price is expected to change in response to a given change in the value of the market. 2.
Standard deviation is a statistical measure of how returns over time have varied from the mean. A lower number signifies lower volatility. 3. ©2015 Morningstar, Inc.
All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Past performance is no guarantee of future results. The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Ratings are relative to a peer group and do not necessarily mean that the fund had high total returns.
For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) First Eagle Fund of America Morningstar ratings – Y Shares: Mid-Cap Blend Category; Three-year rating: 3 stars/389 funds.
Five-year rating: 4 stars/323 funds. Ten-year rating: 5 stars/211 funds. Different share classes may have different ratings. .
First Eagle Fund of America Quarterly Fact Sheet Allocation By Sector (%)6 Top 10 Holdings (%)4 Allergan PLC (Pharma) Teva Pharmaceutical Industries Ltd. (Pharma) Sealed Air Corp. (Materials) Lowe’s Companies, Inc. (Cons.
Disc.) Valeant Pharmaceuticals Int’l, Inc. (Pharma) 5.7 5.4 4.9 4.5 4.5 „„ Materials 27.4 „„ Pharmaceuticals 15.7 „„ Information 14.2 Wyndham Worldwide Corp. (Cons.
Disc.) 4.4 Tyson Foods, Inc. (Cons. Staples) Pitney Bowes Inc.
(Industrials) Eastman Chemical Company (Materials) LyondellBasell Industries NV (Materials) Total as % of Net Assets 4.4 4.4 4.3 4.3 46.8 Technology „„ Consumer Discretionary „„ Industrials „„ Biotechnology „„ Consumer Staples „„ Energy „„ Health Care Services „„ & Cash Cash Equivalents 4. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities. Current and future portfolio holdings are subject to risk. 10 Year Risk vs. Return 5 Annualized Annualized Standard Return (%) Deviation (%) 10 Annualized Return (%) 9 8 7 S&P 500 Index Index Averages 7 6 Russell 3000 Index 7.35 15.50 Russell Midcap Value Index 6 19.70 7.61 17.78 7.27 11 12 13 14 15 16 Annualized Standard Deviation (%) 18 19 4.0 2.2 2.0 16.99 5 10 10.4 5.5 5.5 15.00 6.80 13.1 14.42 7.31 Russell 2000 Index Russell 2000 Index 8.73 S&P 500 Index Russell Midcap Value Index Russell 3000 Index 8 FEFAX Index Averages FEFAX 9 4th Quarter 2015 Allocation By Market Capitalization (%)6,7 „„ Large Cap „„ Cap Mid „„ Small Cap 48.7 41.6 9.7 20 Results shown are since 12/31/2005.
This chart illustrates risk and return data for Class A Shares without the effect of sales charges and assumes all distributions have been reinvested and if sales charge was ncluded values would be lower. i 5. The Russell Midcap Value Index is an unmanaged index of mid-capitalization companies in the Russell Midcap Index with lower price-to-book ratios and lower forecasted growth values and is not available for purchase. The Russell 3000 Index is an unmanaged index that measures the performance of the 3000 largest U.S.
companies based on market capitalization, which encompasses 98% of the total market capitalization of the publicly traded U.S. equity market, and is not available for purchase. The Russell 2000 Index is an unmanaged index that measures the performance of the 2000 smallest companies in the Russell 3000 Index and is not available for purchase. 6.
Percentages may not equal 100% due to rounding. 7. Based on Morningstar’s definition of Market Capitalization Breakpoints, as of 12/31/2015. Small Cap is less than $3.7 billion, Mid Cap is between $3.7 billion and $17.4 billion and Large Cap is greater than $17.4 billion. Calendar Year Returns (%) Class A (FEFAX) 2015 2014 2013 2012 2011 2010 2009 2008 S&P 500 Index -3.52 10.29 31.05 21.17 -0.99 21.30 26.16 -30.71 1.38 13.69 32.39 16.00 2.11 15.06 26.46 -37.00 Class A (FEFAX) 2007 2006 2005 2004 2003 2002 2001 2000 S&P 500 Index 12.43 15.79 6.56 15.82 22.11 -7.38 8.00 0.08 5.49 15.79 4.91 10.88 28.68 -22.10 -11.89 -9.10 Class A (FEFAX) 1999 1998 1997 1996 1995 1994 1993 1992 S&P 500 Index 11.80 20.39 29.80 29.43 36.49 -2.90 23.85 24.14 21.04 28.58 33.36 22.96 37.58 1.32 10.08 7.62 Class A (FEFAX) 1991 1990 1989 1988 1987* S&P 500 Index 20.85 -18.02 26.54 22.55 -2.35 30.47 -3.10 31.69 16.61 -15.63 *1987 performance is for the period 04/10/1987 to 12/31/1987. Performance information is for Class A Shares without the effect of sales charges and assumes all distributions have been reinvested and if sales charge was included values would be lower.
Past performance does not guarantee future results. The event-driven investment style used by First Eagle Fund of America carries the additional risk that the event anticipated occurs later than expected, does not occur at all or does not have the desired effect on the market price of the securities. Investment in gold and gold related investments present certain risks, and returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets. The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value. The Standard & Poor’s 500 Index is a widely recognized unmanaged index including a representative sample of 500 leading companies in leading sectors of the U.S. economy and is not available for purchase. Although the Standard & Poor’s 500 Index focuses on the large-cap segment of the market, with approximately 80% coverage of U.S.
equities, it is also considered a proxy for the total market. The Standard & Poor’s 500 Index includes dividends reinvested. One cannot invest directly in an index. Investors should consider the investment objectives, risks, charges, and expenses of a fund carefully before investing.
The prospectus and summary prospectus contain this and other information about the fund, and may be obtained by contacting your financial adviser, visiting our website at www.feim.com or calling us at 800.334.2143. Please read the prospectus carefully before investing. Investments are not FDIC insured or bank guaranteed, and may lose value. First Eagle Funds are offered by FEF Distributors, LLC.
www.feim.com First Eagle Investment Management, LLC 1345 Avenue of the Americas, New York, NY 10105-0048 A-FS-FEA .
