Investor Summary

First Eagle Global Fund is managed by an experienced team led by Matthew McLennan (CFA), Julien Albertini, and Manish Gupta, with an average management tenure of 8.9 years. The fund was established in 1970 and has demonstrated consistent value-oriented investment discipline over multiple market cycles. Recent management changes include Kimball Brooker's transition from co-head to senior research advisor in October 2025. The management team focuses on fundamental research and maintains a disciplined approach to capital allocation, seeking businesses with durable competitive advantages trading at attractive valuations.

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Fund Strategy

First Eagle Global Fund employs a value-oriented, bottom-up fundamental analysis approach focusing on companies with sustainable profitability trading at discounts to intrinsic value. The fund seeks long-term growth of capital through global equity investments in U.S. and foreign companies without regard to company size. The strategy emphasizes identifying businesses with sustainable competitive advantages, strong balance sheets, experienced management teams, and significant discounts to intrinsic value. A distinctive aspect is the allocation to gold-related investments as a hedge against currency debasement and portfolio diversification. The fund maintains a long-term investment horizon with low portfolio turnover, reflecting conviction in selected investments.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
12.6% 5.4% 31.6%
2025
31.6%