First Eagle High Yield Fund seeks to provide a high level of current income. With a bottom-up investment approach and focus on fundamental research, the Fund seeks to maximize risk-adjusted returns by modifying risk exposure throughout the high yield credit cycle.
|Share Class||1 Yr||3 Yr||5 Yr||Since
|A||w/o sales charge||11.07%||N/A||N/A||13.28%||01/03/12|
|w/ sales charge||6.06||N/A||N/A||9.18||01/03/12|
No values for that date.
This chart illustrates a hypothetical investment in Class I shares without the effect of sales charges and assumes all distributions have been reinvested and if a sales charge was included values would be lower. Had fees not been waived and/or expenses reimbursed, the performance would have been lower. Class I Shares require $1MM minimum investment, and are offered without sales charge. Class A and C Shares have maximum sales charges of 4.50% and 1.00% respectively, and 12b-1 fees, which reduce performance. Date Selected Assumes Purchase at End of Month
|Bi-Lo LLC 9.25% 02/15/19||1.7%|
|Roundy’s Supermarkets Inc. Term Loan B 5.75% 02/13/19||1.5|
|Tower Automotive Holding GmbH 10.625 09/01/17||1.5|
|Toys ‘R’ Us Property Co. I LLC 10.75% 07/15/17||1.5|
|Advanced Micro Devices Inc. 6.0% 05/01/15||1.5|
|HeidelbergCement AG 8.5% 10/31/19||1.4|
|RDS Ultra Deepwater Ltd. 11.875% 05/15/17||1.3|
|Kemet Corp. 10.5% 05/01/18||1.3|
|CCO Holdings LLC 7.375% 06/01/20||1.3|
|Citgo Petroleum Corp. 11.5% 07/01/17||1.3|
|Total as % of Net Assets||14.3%|
|30-day SEC Yield (w/ fee waiver)||5.20%|
|30-day SEC Yield (w/out fee waiver)||5.04%|
|Weighted Average Maturity||5.64|
*** Due to a change in the Fund's fiscal year-end, the stated turnover reflects the period April 1, 2012 to October 31, 2012 (not annualized). For the year ended March 31, 2012, the turnover was 45.21%.
The performance data quoted herein represents past performance and does not guarantee future results. Market volatility can dramatically impact the fund's short term performance. Current performance may be lower or higher than figures shown. The investment return and principal value will fluctuate so that an investor's shares, when redeemed may be worth more or less than their original cost. Past performance data through the most recent month end is available at firsteaglefunds.com or by calling 800.334.2143.
The Fund invests in high yield, fixed income securities that, at the time of purchase, are non-investment grade. High yield, lower rated securities involve greater price volatility and present greater risks than high rated fixed income securities. High yield securities are rated lower than investment-grade securities because there is a greater possibility that the issuer may be unable to make interest and principal payments on those securities. High yield securities involve greater risk than higher rated securities and portfolios that invest in them may be subject to greater levels of credit and liquidity risk than portfolios that do not.
The Fund’s investment strategies may result in high turnover rates. This may increase the Fund’s brokerage commission costs, which would reduce performance. Rapid portfolio turnover also exposes shareholders to a higher current realization of short-term gains, which could cause you to pay higher taxes.
Bank loans are often less liquid than other types of debt instruments. There is no assurance that the liquidation of any collateral from a secured bank loan would satisfy the borrower’s obligation, or that such collateral could be liquidated.
There are risks associated with investing in securities of non-U.S. countries such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates.
All investments involve the risk of loss.
The Fund commenced operations in its present form on December 30, 2011, and is successor to another mutual fund pursuant to a reorganization December 30, 2011. Information prior to December 30, 2011 is for this predecessor fund. Immediately after the reorganization, changes in net asset value of the Class I shares were partially impacted by differences in how the Fund and the predecessor fund price portfolio securities.