- ISIN
- US32008F8611
- CUSIP
- 32008F861
- Issuer
- First Eagle
- Inception Date
- Sep 3, 2001
- Category
- Diversified Portfolio
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FEVIX Performance Chart
First Eagle U.S. Value Fund (FEVIX) is up 1.6% since the beginning of the year. FEVIX is currently trading at $24 per share. Investors who bought $1,000 worth of FEVIX shares 5 years ago would now be looking at an investment worth $1,665.
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Returns By Period
First Eagle U.S. Value Fund (FEVIX) has returned 1.55% so far this year and 16.31% over the past 12 months. Over the last ten years, FEVIX has returned 10.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Eagle U.S. Value Fund
- 1D
- -0.45%
- 1M
- -3.01%
- YTD
- 1.55%
- 6M
- 0.54%
- 1Y
- 16.31%
- 3Y*
- 15.05%
- 5Y*
- 10.73%
- 10Y*
- 10.57%
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%
FEVIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 31, 2001, FEVIX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +11.1%, while the worst month was Oct 2008 at -14.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FEVIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +7.8%, while the worst single day was Mar 16, 2020 at -8.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.67% | 2.66% | -6.70% | 3.28% | 0.32% | -3.16% | 1.55% | ||||||
| 2025 | 4.34% | -0.23% | 0.00% | -1.90% | 3.23% | 3.44% | -0.22% | 4.33% | 3.36% | -0.04% | 3.70% | 1.08% | 22.95% |
| 2024 | 0.82% | 1.58% | 5.46% | -2.52% | 3.56% | 0.89% | 4.06% | 2.64% | 2.53% | -1.32% | 2.20% | -4.58% | 15.94% |
| 2023 | 6.27% | -3.11% | 1.60% | 2.16% | -2.94% | 5.68% | 2.96% | -2.15% | -3.64% | -1.76% | 5.79% | 3.63% | 14.64% |
| 2022 | -0.24% | -0.72% | 3.21% | -6.12% | 1.50% | -7.90% | 4.93% | -3.22% | -8.08% | 8.21% | 6.10% | -1.67% | -5.45% |
| 2021 | -2.34% | 5.18% | 4.21% | 5.06% | 3.57% | -1.79% | 1.14% | 1.13% | -3.16% | 4.46% | -4.23% | 4.89% | 18.89% |
Benchmark Metrics
First Eagle U.S. Value Fund has an annualized alpha of 3.89%, beta of 0.61, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since August 31, 2001.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.02%) than losses (69.23%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.89% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.61 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
- 3.89%
- Beta
- 0.61
- R²
- 0.83
- Upside Capture
- 77.02%
- Downside Capture
- 69.23%
Expense Ratio
FEVIX has an expense ratio of 0.83%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FEVIX ranks 30 for risk / return — below 30% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Eagle U.S. Value Fund (FEVIX) 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.
| FEVIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 2.78 | -0.95 |
| Martin ratioReturn relative to average drawdown | 5.66 | 12.44 | -6.78 |
Dividends
Dividend History
First Eagle U.S. Value Fund provided a 9.32% dividend yield over the last twelve months, with an annual payout of $2.25 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.25 | $2.25 | $1.44 | $1.30 | $1.51 | $1.93 | $0.37 | $1.57 | $2.71 | $1.85 | $1.73 | $0.94 |
Dividend yield | 9.32% | 9.46% | 6.79% | 6.67% | 8.32% | 9.28% | 1.93% | 8.58% | 16.27% | 9.09% | 8.76% | 5.07% |
Monthly Dividends
The table displays the monthly dividend distributions for First Eagle U.S. Value 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 | $2.25 | $2.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $1.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.30 | $1.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.51 | $1.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.93 | $1.93 |
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 U.S. Value 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 U.S. Value Fund was 36.44%, occurring on Mar 9, 2009. Recovery took 283 trading sessions.
The current First Eagle U.S. Value Fund drawdown is 6.71%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -36.44%Mar 2009 | 9mo 6d | 1y 1mo | 1y 10moJun 2008 - Apr 2010 |
COVID crash2020 | -29.97%Mar 2020 | 2mo 2d | 7mo 21d | 9mo 23dJan 2020 - Nov 2020 |
Dot-com crash2000–2002 | -19.89%Oct 2002 | 4mo 21d | 8mo 10d | 1y 26dMay 2002 - Jun 2003 |
Bear market2022 | -19.34%Sep 2022 | 6mo 1d | 9mo 9d | 1y 3moMar 2022 - Jul 2023 |
2016 correction2016 | -16.91%Jan 2016 | 1y 1mo | 6mo 21d | 1y 8moNov 2014 - Aug 2016 |
Drawdown Indicators
| FEVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.44% | -56.78% | +20.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -9.10% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -10.47% | -18.90% | +8.43% |
Max Drawdown (5Y)Largest decline over 5 years | -19.34% | -25.43% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -29.97% | -33.92% | +3.95% |
Current DrawdownCurrent decline from peak | -6.71% | -1.80% | -4.91% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -10.71% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.03% | +0.79% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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