- Issuer
- First Eagle
- Inception Date
- Apr 26, 2021
- Category
- Small Cap Value Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FESCX Performance Chart
First Eagle Small Cap Opportunity Fund (FESCX) is up 30.4% since the beginning of the year. FESCX is currently trading at $15 per share.
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Returns By Period
First Eagle Small Cap Opportunity Fund (FESCX) has returned 30.40% so far this year and 54.35% over the past 12 months.
First Eagle Small Cap Opportunity Fund
- 1D
- 2.16%
- 1M
- 6.62%
- YTD
- 30.40%
- 6M
- 27.44%
- 1Y
- 54.35%
- 3Y*
- 18.60%
- 5Y*
- —
- 10Y*
- —
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%
FESCX Monthly Returns History
Based on dividend-adjusted daily data since Jul 14, 2021, FESCX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2026 with a return of +13.6%, while the worst month was Sep 2022 at -12.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FESCX closed higher 50% of trading days. The best single day was Apr 9, 2025 with a return of +9.0%, while the worst single day was Apr 3, 2025 at -7.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.41% | 5.21% | -6.17% | 13.57% | 2.36% | 5.80% | 30.40% | ||||||
| 2025 | 3.67% | -6.43% | -6.77% | -4.49% | 7.61% | 6.03% | 1.57% | 8.40% | 2.67% | 0.35% | 0.43% | 0.94% | 13.33% |
| 2024 | -3.14% | 3.04% | 5.39% | -6.17% | 5.96% | -1.65% | 8.19% | -2.46% | -0.19% | -2.81% | 10.31% | -8.32% | 6.47% |
| 2023 | 12.47% | -0.73% | -4.85% | -2.77% | -2.05% | 12.09% | 4.15% | -5.38% | -6.53% | -7.32% | 8.63% | 11.00% | 16.75% |
| 2022 | -5.35% | 3.95% | 0.92% | -8.34% | 1.55% | -12.13% | 11.57% | -3.57% | -12.14% | 11.84% | 4.82% | -4.51% | -14.05% |
| 2021 | 0.31% | -0.31% | -2.97% | 2.95% | -3.07% | 4.54% | 1.23% |
Benchmark Metrics
First Eagle Small Cap Opportunity Fund has an annualized alpha of -1.56%, beta of 1.10, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since July 14, 2021.
- This fund participated in 112.90% of S&P 500 Index downside but only 106.84% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.10 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.56%
- Beta
- 1.10
- R²
- 0.68
- Upside Capture
- 106.84%
- Downside Capture
- 112.90%
Expense Ratio
FESCX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FESCX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Eagle Small Cap Opportunity Fund (FESCX) 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.
| FESCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.29 | 2.78 | +2.51 |
| Martin ratioReturn relative to average drawdown | 19.08 | 12.44 | +6.64 |
Dividends
Dividend History
First Eagle Small Cap Opportunity Fund provided a 0.79% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.16 | $0.06 | $0.01 |
Dividend yield | 0.79% | 1.03% | 1.56% | 0.60% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for First Eagle Small Cap Opportunity Fund. 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
| 2022 | $0.01 | $0.01 |
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 Small Cap Opportunity Fund. 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 Small Cap Opportunity Fund was 28.53%, occurring on Apr 8, 2025. Recovery took 104 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -28.53%Apr 2025 | 4mo 13d | 5mo 3d | 9mo 16dNov 2024 - Sep 2025 |
Bear market2022 | -27.86%Sep 2022 | 10mo 21d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
2024 correction2024 | -10.90%Aug 2024 | 21d | 3mo 1d | 3mo 22dJul 2024 - Nov 2024 |
2026 correction2026 | -10.26%Mar 2026 | 21d | 25d | 1mo 16dFeb 2026 - Apr 2026 |
2025 pullback2025 | -8.67%Nov 2025 | 24d | 14d | 1mo 8dOct 2025 - Dec 2025 |
Drawdown Indicators
| FESCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.53% | -56.78% | +28.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.26% | -9.10% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -28.53% | -18.90% | -9.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -8.76% | -10.71% | +1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 2.03% | +0.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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