First Eagle Global Income Builder Fund
First Eagle Funds · 8 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
First Eagle Global Income Builder Fund is an aggressive allocation fund.
- Asset class
- Allocation (multi-asset)
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Equity exposure
- Aggressive
Fund profile
As filed in the prospectus · 2026 Q2
First Eagle Global Balanced Fund (Global Balanced Fund or the Fund) seeks long-term growth of capital and current income generation.
The fund pursues a value approach, seeking securities trading at a discount to intrinsic value across a balanced mix of dividend-paying equities (55–75% of assets), fixed income instruments including high-yield debt (25–30%), and gold and precious metals (5–15%). It allocates approximately 80% or more of assets to income-producing securities and at least 30–40% to foreign investments. Gold and precious metals exposure is obtained partly through a wholly-owned Cayman Islands subsidiary, which may hold up to 25% of total fund assets. Because the fund's returns depend on the manager's judgments of intrinsic value and creditworthiness rather than an index, performance will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| FEBAX | 1.12% |
| FEBCX | 1.90% |
| FEBIX | 0.91% |
| FEBRX | 0.84% |
Portfolio turnover 12.45% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 63.42% |
| Bonds | 26.14% |
| Real assets | 8.07% |
| Other | 1.04% |
| 3 smaller | 0.78% |
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 | 45.8% |
| Government | 14.1% |
| Other | 12.3% |
| Financials | 6.0% |
| 11 smaller | 21.8% |
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: United States of America ×3, Reckitt Benckiser Group plc, WAT, Dassault Systemes SE, Republic of Korea, Wal-Mart de Mexico SAB de CV
Largest exited: United States of America ×2, Reckitt Benckiser Group plc, BAE Systems plc, General Motors Financial Co., Inc., Global Payments, Inc., AES Corp. (The), Fair Isaac Corp.
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 |
|---|---|---|---|---|---|
| -33.84% | -76.78% | -92.83% | 11.45% | -76.78% | |
| +7.79% | +0.61% | -17.37% | 12.05% | -12.13% | |
| +22.46% | +47.86% | +57.07% | 12.08% | -6.94% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +22.58% | +48.26% | +57.74% | 12.05% | -6.94% |
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 | 89.0% |
| Floating rate | 10.0% |
| Zero-coupon or unclassified | 1.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 15.1% |
| 1-3y | 36.3% |
| 3-5y | 24.3% |
| 5-10y | 21.2% |
| 10y+ | 3.1% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 59% |
| Credit spreads | 41% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +0.32 yr |
| High yield | +0.19 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 2% |
| 1 yr | 0.21 yr | 29% |
| 5 yr | 0.37 yr | 50% |
| 10 yr | 0.14 yr | 18% |
| 30 yr | 0.01 yr | 1% |
| 3 mo | 0.01 yr | 1% |
| 1 yr | 0.10 yr | 20% |
| 5 yr | 0.23 yr | 44% |
| 10 yr | 0.12 yr | 23% |
| 30 yr | 0.06 yr | 12% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.00 | +0.00 | $1.0k | $379 |
| 1 yr | +0.21 | +0.03 | +0.07 | $8.4k | $17.2k |
| 5 yr | +0.37 | +0.12 | +0.11 | $29.7k | $27.0k |
| 10 yr | +0.14 | +0.10 | +0.02 | $25.9k | $4.5k |
| 30 yr | +0.01 | +0.06 | +0.00 | $15.9k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 0.74 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
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 | 8.07% | — | $203.40M | — |
| — | British American Tobacco plc | 2.66% | $58.89 | $67.02M | 1.1M |
| — | Jardine Matheson Holdings Ltd. | 2.35% | $68.17 | $59.21M | 868.6K |
| — | Nestle SA | 1.78% | $101.24 | $44.82M | 442.7K |
| — | Unilever plc | 1.74% | $58.56 | $43.84M | 748.6K |
| PWCDF | Power Corp. of CanadaPWCDF | 1.71% | $55.79 | $43.02M | 771.2K |
| BDX | Becton Dickinson & Co.BDX | 1.61% | $149.04 | $40.52M | 271.8K |
| — | KT&G Corp. | 1.61% | $120.21 | $40.48M | 336.7K |
| — | Samsung Electronics Co. Ltd. | 1.60% | $107.93 | $40.22M | 372.6K |
| — | United States of America3.50% · due 2028-01-31 | 1.52% | — | $38.25M | — |
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 24.64% of net assets, top 25 42.20%, across 188 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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