First Eagle Gold Fund is a non-diversified fund whose investment objective is to provide exposure to the investment characteristics of gold and, to a limited extent, other precious metals. In seeking to achieve its objective, the Fund invests primarily in gold, gold related securities and issuers principally engaged in the gold industry.
|Share Class||1 Yr||3 Yr||5 Yr||10 Yr||Since
|A||w/o sales charge||-17.09%||-0.45%||1.41%||12.31%||8.35%||08/31/93|
|w/ sales charge||-21.23||-2.13||0.38||11.74||8.14||08/31/93|
No values for that date.
This chart illustrates a hypothetical investment in Class A shares without the effect of sales charges and assumes all distributions have been reinvested. Date Selected Assumes Purchase at End of Month.
|Agnico-Eagle Mines Ltd. | CAN||7.1|
|Goldcorp Inc. | CAN||5.4|
|Randgold Resources ADR | W. AFR||4.6|
|Newcrest Mining Ltd. | AUS||4.6|
|Barrick Gold Corp. | CAN||4.4|
|AngloGold Ashanti ADR | S. AFR||4.2|
|Kinross Gold Corp. | CAN||4.2|
|Fresnillo PLC | MEX||3.6|
|Newmont Mining Corp. | U.S.||3.5|
|Total as % of Net Assets||64.1%|
|Companies in Portfolio||41|
|Median Market Cap ($Mil)||$2,261|
|Beta6 vs FTSE Gold Mines Index7||0.87|
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 may be lower or higher than figures shown. The investment return and principal value will fluctuate so that an investor's shares, when redeemed may be worth more or less than their original cost. Past performance data through the most recent month end is available at firsteaglefunds.com or by calling 800.334.2143.
There are risks associated with investing in funds that invest in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates. Funds whose investments are concentrated in a specific industry or sector may be subject to a higher degree of risk than funds whose investments are diversified and may not be suitable for all investors. Investment in gold and gold related investments present certain risks, including political and economic risks affecting the price of gold and other precious metals like changes in U.S. or foreign tax, currency or mining laws, increased environmental costs, international monetary and political policies, economic conditions within an individual country, trade imbalances and trade or currency restrictions between countries. The price of gold, in turn, is likely to affect the market prices of securities of companies mining or processing gold, and accordingly, the value of investments in such securities may also be affected. Gold related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets. Investment in gold and gold related investments may be speculative and may be subject to greater price volatility than investments in other assets and types of companies.
† 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.
1 The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses. Investment results and the principal value of an investment will vary. The average annual returns for Class A Shares “with sales charge” performance gives effect to the deduction of the maximum sales charge of 3.75% for periods prior to March 1, 2000 and of 5.00% thereafter. 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.
2 Class A Shares as of March 1, 2013 (Class C, 1.96%, Class I, 0.96%).
3 2013 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 three-year history, Morningstar calculates Morningstar RatingTM 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 Gold Fund Morningstar ratings – A Shares: Equity Precious Metals Category; Three-year rating: 5 stars/71 funds. Five-year rating: 5 stars/66 funds. Ten-year rating: 5 stars/48 funds. Different share classes may have different ratings.
4 The Morningstar Style Box tm reveals a fund's investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth). All of these numbers are drawn from the fund's portfolio holding figures most recently entered into the Morningstar database and the corresponding market conditions. Past performance does not guarantee future results.
5 Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations.
6 Beta is a measurement 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.
7 The FTSE Gold Mines Index is an unmanaged index composed of approximately 19 mining companies, is available without dividends reinvested, and is not available for purchase.