First Eagle Global Fund
First Eagle Funds · 8 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
First Eagle Global Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
First Eagle Global Fund (Global Fund or the Fund) seeks long-term growth of capital by investing in a range of asset classes from markets in the United States and throughout the world.
The fund pursues a value strategy, seeking securities trading at a discount to intrinsic value—defined as what a prudent buyer would pay in cash for the entire company—with deeper discounts required for businesses under stress. It invests across all market capitalizations in U.S. and foreign equities, debt instruments without credit or maturity constraints, and precious metals; it normally allocates at least 40% of assets to foreign investments, or 30% in less favorable markets. The fund obtains some exposure through a wholly-owned Cayman Islands subsidiary, which may hold up to 25% of total assets and invests primarily in gold bullion, other precious metals, and related futures contracts. Because investment decisions rest on the manager's judgment of intrinsic value, returns depend on the accuracy of those assessments.
| Share class | Expense ratio |
|---|---|
| SGENX | 1.10% |
| SGIIX | 0.86% |
| FESGX | 1.85% |
| FEGRX | 0.78% |
Portfolio turnover 15.99% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 83.79% |
| Real assets | 10.36% |
| Cash & short-term | 5.66% |
| Derivatives | 0.02% |
| Bonds | 0.01% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 43.5% |
| Other | 10.4% |
| Communication Services | 7.4% |
| Health Care | 6.3% |
| 8 smaller | 32.4% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: ADP, Reckitt Benckiser Group plc, RELX plc, BRO, WAT, CFR, Universal Music Group NV, HCC
Largest exited: Reckitt Benckiser Group plc, Samsung Electronics Co. Ltd., ADI, BAE Systems plc, Caisse des Depots et Consignations, Saudi Arabian Oil Co., NRW Bank, Kreditanstalt fuer Wiederaufbau
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| -30.03% | -74.31% | -92.13% | 12.56% | -74.31% | |
| +29.79% | +63.97% | +72.93% | 13.23% | -8.39% | |
| +14.38% | +11.80% | -8.78% | 13.16% | -10.36% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +29.90% | +64.35% | +73.58% | 13.24% | -8.38% |
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Gold bullion | 10.36% | — | $7.76B | — |
| GOOG | Alphabet, Inc.GOOG | 2.60% | $381.94 | $1.95B | 5.1M |
| META | Meta Platforms, Inc.META | 1.87% | $611.91 | $1.40B | 2.3M |
| — | Samsung Electronics Co. Ltd. | 1.73% | $107.93 | $1.30B | 12.0M |
| BDX | Becton Dickinson & Co.BDX | 1.60% | $149.04 | $1.20B | 8.1M |
| — | British American Tobacco plc | 1.59% | $58.89 | $1.19B | 20.2M |
| SLB | SLB Ltd.SLB | 1.56% | $56.88 | $1.16B | 20.5M |
| ELV | Elevance Health, Inc.ELV | 1.43% | $376.42 | $1.07B | 2.8M |
| — | LVMH Moet Hennessy Louis Vuitton SE | 1.34% | $534.21 | $1.00B | 1.9M |
| — | Prosus NV | 1.30% | $48.41 | $972.66M | 20.1M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 25.38% of net assets, top 25 42.06%, across 161 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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