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Trending ETFs

First Eagle Overseas Fund

mutual fund
SGOVX
Payout Change
Pending
Price as of:
$25.29 -0.11 -0.43%
primary theme
International Large-Cap Blend Equity
SGOVX (Mutual Fund)

First Eagle Overseas Fund

Payout Change
Pending
Price as of:
$25.29 -0.11 -0.43%
primary theme
International Large-Cap Blend Equity
SGOVX (Mutual Fund)

First Eagle Overseas Fund

Payout Change
Pending
Price as of:
$25.29 -0.11 -0.43%
primary theme
International Large-Cap Blend Equity

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$25.29

$12.4 B

1.60%

$0.41

1.15%

Vitals

YTD Return

4.3%

1 yr return

5.8%

3 Yr Avg Return

1.0%

5 Yr Avg Return

5.0%

Net Assets

$12.4 B

Holdings in Top 10

32.1%

52 WEEK LOW AND HIGH

$25.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.15%

SALES FEES

Front Load 5.00%

Deferred Load N/A

TRADING FEES

Turnover 9.93%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$25.29

$12.4 B

1.60%

$0.41

1.15%

SGOVX - Profile

Distributions

  • YTD Total Return 4.3%
  • 3 Yr Annualized Total Return 1.0%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.20%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    First Eagle Overseas Fund
  • Fund Family Name
    First Eagle Funds
  • Inception Date
    Jun 20, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Matthew McLennan

Fund Description

To achieve its objective of long-term capital growth, the Overseas Fund will invest primarily in equity securities (e.g., common stocks) of non-U.S. companies, the majority of which are traded in mature markets (for example, Canada, 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 (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts) 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 Fund’s books (generally market price, but

anticipates valuing each such position for purposes of assessing compliance with this test at notional value in connection with new rules requiring that treatment, which come into effect in 2025). The Fund also may invest up to 20% of its total assets in debt instruments (e.g., notes and bonds). The Fund may invest in debt instruments 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 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).

For more information about the Overseas Fund’s principal investment strategies, please see the More Information about the Funds’ Investments section.

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SGOVX - Performance

Return Ranking - Trailing

Period SGOVX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -3.8% 32.0% 64.81%
1 Yr 5.8% -4.5% 18.5% 78.40%
3 Yr 1.0%* -17.5% 43.8% 35.41%
5 Yr 5.0%* -34.2% 76.4% 86.74%
10 Yr 3.7%* -0.6% 15.9% 65.12%

* Annualized

Return Ranking - Calendar

Period SGOVX Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -7.3% 22.0% 93.98%
2022 -11.3% -43.6% 71.3% 4.75%
2021 -1.0% -28.5% 18.9% 77.15%
2020 6.7% -90.1% 992.1% 60.13%
2019 11.4% -1.9% 38.8% 96.09%

Total Return Ranking - Trailing

Period SGOVX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.3% -3.8% 32.0% 64.81%
1 Yr 5.8% -4.5% 18.5% 78.40%
3 Yr 1.0%* -17.5% 43.8% 35.41%
5 Yr 5.0%* -34.2% 76.4% 86.74%
10 Yr 3.7%* -0.6% 15.9% 65.12%

* Annualized

Total Return Ranking - Calendar

Period SGOVX Return Category Return Low Category Return High Rank in Category (%)
2023 10.4% 3.2% 41.4% 96.84%
2022 -8.1% -43.6% 144.8% 3.37%
2021 4.9% -22.6% 56.0% 91.86%
2020 6.9% -89.7% 1010.8% 81.83%
2019 17.6% 4.3% 38.8% 94.90%

NAV & Total Return History


SGOVX - Holdings

Concentration Analysis

SGOVX Category Low Category High SGOVX % Rank
Net Assets 12.4 B 3.3 M 425 B 12.11%
Number of Holdings 139 1 10659 50.97%
Net Assets in Top 10 3.95 B 139 K 41 B 7.92%
Weighting of Top 10 32.08% 2.7% 112.8% 26.62%

Top 10 Holdings

  1. Gold bullion 10.95%
  2. Imperial Oil Ltd. 3.53%
  3. Danone SA 2.58%
  4. Willis Towers Watson plc 2.48%
  5. Fomento Economico Mexicano SAB de CV 2.39%
  6. Shell plc 2.17%
  7. Cie Financiere Richemont SA (Registered) 2.13%
  8. Unilever plc 2.03%
  9. Taiwan Semiconductor Manufacturing Co. Ltd. 1.90%
  10. British American Tobacco plc 1.90%

Asset Allocation

Weighting Return Low Return High SGOVX % Rank
Stocks
83.56% 0.00% 103.70% 97.01%
Other
10.95% -0.18% 42.73% 3.14%
Cash
3.81% 0.00% 28.70% 21.23%
Bonds
1.67% -0.92% 73.67% 3.44%
Preferred Stocks
0.00% -0.01% 7.80% 95.96%
Convertible Bonds
0.00% 0.00% 4.18% 91.27%

Stock Sector Breakdown

Weighting Return Low Return High SGOVX % Rank
Consumer Defense
22.62% 0.00% 32.29% 1.38%
Financial Services
18.92% 0.00% 47.75% 36.46%
Industrials
14.96% 5.17% 99.49% 47.54%
Basic Materials
10.82% 0.00% 23.86% 11.54%
Consumer Cyclical
9.41% 0.00% 36.36% 69.54%
Healthcare
5.91% 0.00% 21.01% 95.54%
Energy
5.75% 0.00% 16.89% 30.62%
Real Estate
5.32% 0.00% 14.59% 5.69%
Technology
4.90% 0.00% 36.32% 94.77%
Communication Services
1.39% 0.00% 21.69% 97.23%
Utilities
0.00% 0.00% 13.68% 99.38%

Stock Geographic Breakdown

Weighting Return Low Return High SGOVX % Rank
Non US
68.82% 0.00% 101.08% 90.13%
US
14.74% 0.00% 100.07% 15.70%

SGOVX - Expenses

Operational Fees

SGOVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.01% 19.62% 40.57%
Management Fee 0.75% 0.00% 1.65% 72.78%
12b-1 Fee 0.25% 0.00% 1.00% 62.67%
Administrative Fee N/A 0.01% 1.00% 27.71%

Sales Fees

SGOVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.00% 3.50% 5.75% 87.21%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SGOVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 48.48%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SGOVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.93% 2.00% 247.00% 14.84%

SGOVX - Distributions

Dividend Yield Analysis

SGOVX Category Low Category High SGOVX % Rank
Dividend Yield 1.60% 0.00% 25.02% 53.21%

Dividend Distribution Analysis

SGOVX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

SGOVX Category Low Category High SGOVX % Rank
Net Income Ratio 1.20% -0.93% 6.38% 64.46%

Capital Gain Distribution Analysis

SGOVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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SGOVX - Fund Manager Analysis

Managers

Matthew McLennan


Start Date

Tenure

Tenure Rank

Sep 12, 2008

13.72

13.7%

Matt is head of the Global Value team and a portfolio manager of the Global Value, International Value and Gold strategies with Abhay Deshpande and Kimball Brooker. Matt joined First Eagle Investment Management, LLC in September 2008. Most recently, Matt worked for Goldman Sachs Asset Management (GSAM) in London where he served as co-portfolio manager of Global Equity Partners, a group he founded in 2003 that ran a focused global equity portfolio for offshore private wealth clients. The portfolio used a value-driven approach with an absolute return focus that emphasized low turnover and resilience in distressed environments.Matt started his career with Queensland Investment Corporation (Australia) in 1991, where he eventually managed over one billion dollars in international equity portfolios. In 1994, he joined Goldman Sachs in Sydney before moving to New York to GSAM’s U.S. Value team as a small cap research analyst. In 1997, he was appointed portfolio manager, and at the end of 1998, senior portfolio manager and co-portfolio manager, of the U.S. Small Cap Value and U.S. Mid Cap Value strategies. In 2001, Matt co-founded and was named Equity Chief Investment Officer of the Investment Strategy Group for Goldman’s private wealth management business and in 2002 was named a managing director of the firm. Born in Rabaul, Papua New Guinea, Matt grew up in Queensland, Australia and received his Bachelor of Commerce with first-class honors from the University of Queensland. He is a member of the Executive Committee of the Leadership Council of the Harvard School of Public Health, he serves as a member of the Board of Directors for the Foundation of the University of Queensland in America and on the Global Advisory Board of Advance, the leading network of expatriate Australian professionals. He also serves on the Trinity School Board of Trustees where he is as a member of the Investment and Education Committees. Matt holds the Chartered Financial Analyst (CFA) designation.

Kimball Brooker


Start Date

Tenure

Tenure Rank

Mar 01, 2010

12.26

12.3%

Kimball is Deputy Head of the Global Value team and a portfolio manager for the First Eagle Global Value and International Value strategies with Matt McLennan and Abhay Deshpande. He joined First Eagle’s Global Value team in 2009 as a senior research analyst covering banks, commercial services, financial services and holding companies. Kimball began his career in 1992 as a financial analyst at Lazard Frères & Co. From there, he joined J.P. Morgan as an associate in the Investment Banking Department’s billion-dollar Corsair private equity funds. In 1998, Kimball returned to J.P. Morgan after finishing his M.B.A. He was named Chief Investment Officer of the Corsair Funds and managing director in 2005. In 2006, Corsair successfully completed a spin-off from J.P. Morgan with nearly $3 billion under management. Kimball received his B.A. from Yale University and his MBA from Harvard University.

Christian Heck


Start Date

Tenure

Tenure Rank

May 01, 2021

1.08

1.1%

Alan Barr


Start Date

Tenure

Tenure Rank

May 01, 2021

1.08

1.1%

Alan is portfolio manager for the Overseas ADR strategy. He also serves as associate portfolio manager of the First Eagle International Value strategy and senior research analyst covering non-food consumer products, and forest products & paper. Before joining the Global Value team in March 2001, Alan spent seven years at Rittenhouse Financial Services and four years at PNC Bank as an equity research analyst. He holds a BA in communications with a minor in economics from Temple University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.31 3.25