- Issuer
- First Eagle
- Inception Date
- May 1, 2012
- Category
- Global Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
Share Price Chart
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Performance
FEBAX Performance Chart
First Eagle Global Income Builder Fund Class A (FEBAX) is up 7.6% since the beginning of the year. FEBAX is currently trading at $17 per share. Investors who bought $1,000 worth of FEBAX shares 5 years ago would now be looking at an investment worth $1,571.
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Returns By Period
First Eagle Global Income Builder Fund Class A (FEBAX) has returned 7.55% so far this year and 20.13% over the past 12 months. Over the last ten years, FEBAX has returned 8.58% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Eagle Global Income Builder Fund Class A
- 1D
- 0.18%
- 1M
- -0.96%
- YTD
- 7.55%
- 6M
- 7.98%
- 1Y
- 20.13%
- 3Y*
- 14.51%
- 5Y*
- 9.45%
- 10Y*
- 8.58%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FEBAX Monthly Returns History
Based on dividend-adjusted daily data since May 1, 2012, FEBAX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +8.0%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FEBAX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +4.7%, while the worst single day was Mar 12, 2020 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.14% | 5.69% | -6.97% | 2.83% | 1.23% | -1.00% | 7.55% | ||||||
| 2025 | 3.20% | 2.79% | 2.36% | 2.06% | 1.35% | 1.75% | -1.13% | 4.14% | 2.05% | -0.23% | 3.43% | 1.87% | 26.23% |
| 2024 | -0.04% | -0.03% | 2.76% | -1.09% | 2.69% | -1.04% | 3.96% | 3.25% | 1.52% | -1.85% | 0.41% | -2.44% | 8.12% |
| 2023 | 5.40% | -2.85% | 1.65% | 1.91% | -3.41% | 2.84% | 1.69% | -1.76% | -2.61% | -2.26% | 4.27% | 3.25% | 7.85% |
| 2022 | 0.56% | -0.49% | -0.41% | -2.67% | 2.10% | -6.25% | 3.59% | -3.62% | -6.36% | 4.95% | 6.60% | -0.68% | -3.55% |
| 2021 | -1.00% | 0.53% | 3.63% | 3.19% | 3.42% | -0.88% | 0.07% | -0.46% | -2.60% | 3.00% | -3.31% | 5.67% | 11.39% |
Benchmark Metrics
First Eagle Global Income Builder Fund Class A has an annualized alpha of 2.08%, beta of 0.41, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since May 01, 2012.
- This fund participated in 54.62% of S&P 500 Index downside but only 49.69% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.08% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.41 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.08%
- Beta
- 0.41
- R²
- 0.64
- Upside Capture
- 49.69%
- Downside Capture
- 54.62%
Expense Ratio
FEBAX has a high expense ratio of 1.17%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FEBAX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Eagle Global Income Builder Fund Class A (FEBAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.78 | -0.51 |
| Martin ratioReturn relative to average drawdown | 7.18 | 12.44 | -5.26 |
Dividends
Dividend History
First Eagle Global Income Builder Fund Class A provided a 3.87% dividend yield over the last twelve months, with an annual payout of $0.65 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.65 | $0.65 | $0.70 | $0.36 | $0.37 | $0.99 | $0.39 | $0.31 | $0.27 | $0.30 | $0.35 | $0.35 |
Dividend yield | 3.87% | 4.14% | 5.39% | 2.80% | 3.03% | 7.61% | 3.07% | 2.49% | 2.40% | 2.51% | 3.13% | 3.38% |
Monthly Dividends
The table displays the monthly dividend distributions for First Eagle Global Income Builder Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.01 | $0.02 | $0.07 | $0.04 | $0.04 | $0.00 | $0.18 | ||||||
| 2025 | $0.01 | $0.03 | $0.07 | $0.05 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.02 | $0.02 | $0.32 | $0.65 |
| 2024 | $0.01 | $0.02 | $0.06 | $0.04 | $0.03 | $0.03 | $0.01 | $0.03 | $0.04 | $0.01 | $0.02 | $0.41 | $0.70 |
| 2023 | $0.01 | $0.02 | $0.05 | $0.00 | $0.04 | $0.02 | $0.01 | $0.02 | $0.03 | $0.10 | $0.02 | $0.04 | $0.36 |
| 2022 | $0.00 | $0.02 | $0.04 | $0.04 | $0.04 | $0.02 | $0.01 | $0.02 | $0.03 | $0.01 | $0.02 | $0.13 | $0.37 |
| 2021 | $0.00 | $0.02 | $0.03 | $0.02 | $0.05 | $0.01 | $0.01 | $0.02 | $0.03 | $0.01 | $0.02 | $0.76 | $0.99 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Eagle Global Income Builder Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Eagle Global Income Builder Fund Class A was 23.04%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current First Eagle Global Income Builder Fund Class A drawdown is 4.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -23.04%Mar 2020 | 2mo 20d | 7mo 22d | 10mo 12dJan 2020 - Nov 2020 |
Bear market2022 | -15.85%Sep 2022 | 8mo 12d | 9mo 19d | 1y 5moJan 2022 - Jul 2023 |
2016 correction2016 | -15.50%Jan 2016 | 1y 6mo | 7mo 1d | 2y 1moJul 2014 - Aug 2016 |
Rate-hike selloffLate 2018 | -11.39%Dec 2018 | 10mo 29d | 10mo 1d | 1y 8moJan 2018 - Oct 2019 |
2026 pullback2026 | -8.65%Mar 2026 | 24d | — | 3mo 23dMar 2026 - now |
Drawdown Indicators
| FEBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.04% | -56.78% | +33.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -9.10% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -8.65% | -18.90% | +10.25% |
Max Drawdown (5Y)Largest decline over 5 years | -15.85% | -25.43% | +9.58% |
Max Drawdown (10Y)Largest decline over 10 years | -23.04% | -33.92% | +10.88% |
Current DrawdownCurrent decline from peak | -4.13% | -1.80% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -10.71% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.03% | +0.70% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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