First Eagle Fund of America Marks 30-Year Anniversary
At Fund of America, we have chosen to select companies based on our understanding of intrinsic value. Value is not constant and no one can be right about it all the time. Nevertheless, we have found that we have a better chance of compounding value over time when we buy something for less than intrinsic value and have reason to think that the discount will be eliminated. We believe that the continued application of our disciplines will, over time, produce results that may help advance you toward your goals.
The opinions expressed are not necessarily those of the firm. These materials are provided for informational purpose only. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Any statistic contained herein have been obtained from sources believed to be reliable, but the accuracy of this information cannot be guaranteed. The views expressed herein may change at any time subsequent to the date of issue hereof. The information provided is not to be construed as a recommendation or an offer to buy or sell or the solicitation of an offer to buy or sell any fund or security.
The commentary represents the opinion of the Fund of America team as of the date noted and is subject to change based on market and other conditions
The event-driven investment style used by First Eagle Fund of America carries the additional risk that the event anticipated occurs later than expected, does not occur at all or does not have the desired effect on the market price of the securities.
The principal risk of investing in value stocks is that the price of the security may not approach its anticipated value or may decline in value.
All investments involve the risk of loss of principal.