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Address And Details

1345 Ave of the Americas , New York, NY 10105
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

First Eagle Overseas Fund (Overseas Fund) seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations. To achieve its objective of long-term capital growth, the Overseas Fund will invest primarily in equity securities of non-U.S. companies, the majority of which are traded in mature markets (for example, Japan, Germany and France), and may invest in countries whose economies are still developing (sometimes called emerging markets). The Fund particularly seeks companies that have financial strength and stability, strong management and fundamental value.Normally, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in foreign securities and counts relevant derivative positions towards this 80% of assets allocation, and in doing so, values each position at the price at which it is held on the Funds books (generally market price). The Fund also may invest up to 20% of its total assets in debt instruments. The Fund may invest in debt securities generally without regard to their credit rating or time to maturity. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may invest in fixed-income instruments, short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals. The investment philosophy and strategy of the Overseas Fund can be broadly characterized as a value approach, as it seeks a margin of safety in each investment purchase with the goal being to avoid permanent impairment of capital(as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to intrinsic value is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. Intrinsic value is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also Defensive Investment Strategies. The Fund makes some investments through a special purpose trading subsidiary (the Subsidiary) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts).

Net Asset Value

as of 6:13 PM ET 01/21/2022

Performance

  • 1 Week
  • -1.64%
  • 1 Month
  • +1.28%
  • 3 Months
  • -5.22%
  • 1 Yr Return
  • -3.48%
  • 5 Yr Return
  • +10.13%

Equity Sector Breakdown

IndustrialCyclical 11.96%
Finance 10.73%
NonDurables 9.47%
RetailTrade 5.96%
ConsumerDurables 5.23%
Energy 2.96%
Technology 2.63%
Health 2.38%
Services 0.46%
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 73.77%
ForeignStocks 69.22%
Preferred 2.40%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.84 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -5.32 -4.11 -3.20
Beta 0.66 0.61 0.61
R Squared 0.78 0.71 0.62
Std Deviation 13.03 11.09 10.18
Sharpe Ratio 0.84 0.58 n/a

Purchase Information

as of 5:48 PM ET 01/20/2022
Minimum Initial $2500
Minimum Additional $100
Minimum Initial IRA $1000

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +4.94%
  • +4.94%
+4.94% +4.94%
3 Year
  • +9.69%
  • +9.69%
+9.69% +9.69%
10 Year
  • +6.27%
  • +6.27%
+6.27% +6.27%
Life Of Fund
  • +9.76%
  • +9.76%
+9.76% +9.76%

Top 10 Holdings

Symbol Company Name % Of Assets
METL TOTAL*PRECIOUS METALS 9.96%
GBLB:BB GROUPE BRUXELLES LAMBERT SA 2.49%
BN:FP DANONE SA 2.47%
CFR.S CIE FINANCIERE RICHEMON 2.35%
INVEb.ST INVESTOR AB 2.25%
BATS.L BRITISH AMERICAN TOBACCO 2.07%
SHRT TOTAL*SHORT TERM INVESTMENTS 11.93%
ULVR UNILEVER PLC 1.93%
FNBD TOTAL*FOREIGN BONDS 1.91%
NTR NUTRIEN LTD 1.90%

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