Investment in gold and gold related investments present certain risks, and returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets. ^† 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.

*Best Multi-Cap Core Fund is for the five-year risk adjusted performance among 466 eligible multi-cap core funds for the period ended Dec. 31, 2008. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. This is not an offer to buy or sell securities. Additional information is available at www.lipperweb.com. Lipper leader ratings copyright 2009, Reuters, All Rights Reserved.

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 reflect the maximum sales charge of 5.00%. 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, 2010 (Class C, 2.00%, Class I, 1.01%).

³ 2010 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 U.S. Value Fund was rated against the following numbers of large value funds over the following time periods: 1,757 funds in the last three years and 1,376 over the past five years. With respect to these world allocation funds as of time period referenced above, First Eagle U.S. Value Fund received a Morningstar Rating of five stars overall and for the 3- and 5-year periods. The Morningstar Rating is for the A share class only; other classes may have different performance characteristics.

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.

⁶Based on Morningstar’s definition of Market Capitalization Breakpoints, as of 12/31/09. Small Cap is less than $2.1 billion, Mid Cap is between $2.1 and $9.7 billion and Large Cap is greater than $9.7 billion.

⁷ Beta is a measurement of the fund's market risk. The higher the Beta, the more the fund's price is expected to change in response to a given change in price.

⁸ Standard & Poor's 500 Index is a widely recognized unmanaged index including a representative sample of 500 leading companies in leading sectors of the U.S. economy and is not available for purchase. Although the Standard & Poor's 500 Index focuses on the large-cap segment of the market, with approximately 75% coverage of U.S. equities, it is also considered a proxy for the total market.

The First Eagle Funds are offered by FEF Distributors, LLC, member SIPC, 1345 Avenue of the Americas, New York, New York 10105. Investors should consider investment objectives, risks, charges and expenses carefully, which are detailed in our prospectus. Please read our prospectus carefully before investing. For further information about the First Eagle Funds please call 800.334.2143. Investments are not FDIC insured or bank guaranteed, and may lose value.

For further information, please contact us at info@firsteaglefunds.com or visit the Contact Us page.

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