First Eagle Small Cap Opportunity Fund
First Eagle Funds · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
First Eagle Small Cap Opportunity Fund is an actively managed U.S. equity fund. 18% of FESRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 90% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
First Eagle Small Cap Opportunity Fund (Small Cap Fund or the Fund) seeks long-term growth of capital.
The fund invests primarily in equity securities of small-cap and micro-cap companies that the adviser identifies as undervalued or opportunistic, including turnarounds, emerging growth companies with interrupted earnings, and securities trading below intrinsic value. The fund may also hold up to 10% in foreign securities and may invest in other investment companies. Because returns depend on the adviser's security selection and valuation judgments, performance will diverge from small-cap indices and may underperform if those judgments prove incorrect.
| Share class | Gross | Net |
|---|---|---|
| FESRX | 0.93% | 0.87% |
| FESAX | 1.24% | 1.24% |
| FESCX | 1.03% | 1.00% |
| FECCX | 2.00% | 2.00% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 47.31% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 93.74% |
| Cash & short-term | 5.37% |
| Other | 0.57% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Industrials | 21.8% |
| Information Technology | 17.8% |
| Health Care | 10.8% |
| Financials | 9.6% |
| 10 smaller | 40.0% |
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).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
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 |
|---|---|---|---|---|---|
| +58.04% | +64.51% | +42.88% | 17.72% | -20.77% | |
| -14.85% | -74.28% | -92.43% | 16.82% | -76.15% | |
| +57.99% | +64.26% | +44.07% | 17.71% | -20.79% | |
| — | — | — | — | — |
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 |
|---|---|---|---|---|---|
| — | JPMorgan US Government Money Market Fund | 5.37% | — | $119.66M | — |
| SIMO | Silicon Motion Technology Corp.SIMO | 1.20% | $218.78 | $26.79M | 122.4K |
| VSH | Vishay Intertechnology, Inc.VSH | 1.15% | $28.97 | $25.55M | 881.8K |
| TTMI | TTM Technologies, Inc.TTMI | 1.09% | $158.22 | $24.37M | 154.0K |
| UCTT | Ultra Clean Holdings, Inc.UCTT | 1.09% | $78.15 | $24.34M | 311.5K |
| LINC | Lincoln Educational Services Corp.LINC | 1.04% | $41.14 | $23.13M | 562.2K |
| BKD | Brookdale Senior Living, Inc.BKD | 1.02% | $14.36 | $22.70M | 1.6M |
| BHE | Benchmark Electronics, Inc.BHE | 0.99% | $82.05 | $22.02M | 268.4K |
| AEIS | Advanced Energy Industries, Inc.AEIS | 0.95% | $383.91 | $21.07M | 54.9K |
| OIS | Oil States International, Inc.OIS | 0.91% | $11.48 | $20.17M | 1.8M |
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 14.81% of net assets, top 25 26.60%, across 234 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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