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First Eagle Small Cap Opportunity Fund in registration
Three classes offered in this fund: A share -for brokerages and advisors I share - for brokerages and advisors R5 shares - for tax-deferred accounts
As I understand, First Eagle funds carry front-end load for individual investors. The load is waived or reduced when investment is done through an advisors. Does anyone know if there is another way to gain access as these funds as no-load fund?
Will check with other brokerages to see if this policy holds. Unless there is special arrangement to waive the 5.25% load, A shares carries load as indicated in the prospectus.
One of their portfolio managers is interviewed in this week’s Barron’s.
Since they like gold, I ran a comparison of their Global fund SGENX with PRPFX. At the 3 and 5 year point, PRPFX has the better performance record. At 10 years out they’re tied (8.5% annually). To a considerable extent this is comparing apples & oranges. But, considering the substantial difference in ER, I wouldn’t be encouraged to send First Eagle my money.
@TheShadow -- agree. First Eagle has been on an AUM grab, but not to the extent Royce & Friends (or, whatever they call themselves) has been.
How has Royce Opportunity done since Buzz Zaino left? This always struck me as a great fund to hop into during a real-down market year. Buzz had a way for sniffing out the special opportunities worth being in on.
@hank -- First Eagle does value. Value has gotten spanked for a long time now, so not sure PRPFX is an apples-to-oranges comparison.
That said, in looking for a place to put some $ (I've held First Eagle Global in the past), I'm taken aback by it's volatility. I don't mind trailing markets in go-go years, but the FESGX has seemed to be more volatile than promised.
Comments
A share -for brokerages and advisors
I share - for brokerages and advisors
R5 shares - for tax-deferred accounts
As I understand, First Eagle funds carry front-end load for individual investors. The load is waived or reduced when investment is done through an advisors. Does anyone know if there is another way to gain access as these funds as no-load fund?
First Eagle funds A class are No load, No transaction fee at Schwab. I'm assuming it will be similar with this new fund?
Best,
Baseball Fan
Since they like gold, I ran a comparison of their Global fund SGENX with PRPFX. At the 3 and 5 year point, PRPFX has the better performance record. At 10 years out they’re tied (8.5% annually). To a considerable extent this is comparing apples & oranges. But, considering the substantial difference in ER, I wouldn’t be encouraged to send First Eagle my money.
https://www.morningstar.com/articles/1034432/strong-performing-value-funds-management-team-resigns
https://www.feim.com/our-firm/about-us/news/first-eagle-investment-management-establishes-new-small-cap-team
How has Royce Opportunity done since Buzz Zaino left? This always struck me as a great fund to hop into during a real-down market year. Buzz had a way for sniffing out the special opportunities worth being in on.
That said, in looking for a place to put some $ (I've held First Eagle Global in the past), I'm taken aback by it's volatility. I don't mind trailing markets in go-go years, but the FESGX has seemed to be more volatile than promised.
https://www.sec.gov/Archives/edgar/data/906352/000093041321001268/c101942_497k.htm
registration statement:
https://www.sec.gov/ix?doc=/Archives/edgar/data/906352/000093041321001267/c101612_485apos-ixbrl.htm