Investment Philosophy

  • Seeks to Provide Meaningful and Sustainable Income

    As a global growth and income fund, we attempt to provide a material income stream that persists over time and holds its value in real terms. 

  • Seeks to Provide Downside Mitigation

    Our attempts to avoid the permanent loss of capital result in a portfolio that has exposure to securities purchased with what we believe to be a “margin of safety” in price.

  • Flexible, Benchmark-Agnostic Approach

    The Fund invests across asset classes, regions, sectors/industries, market capitalization ranges and without regard to a benchmark.

Our Process

The Global Income Builder Team follows a four-step process of idea generation, fundamental research, portfolio construction, and risk management. Fundamental research drives the identification of income-producing investment opportunities across all market environments.

  • 01

    Idea Generation

    The team examines a broad array of possible income-producing opportunities across the capital structure of a company. 

    Equity idea generation focuses on:

    • Companies misunderstood or temporarily disappointing investors
    • Underappreciated franchise businesses

    Credit idea generation focuses on:

    • Companies with stable and sufficient cash flows
    • Companies with underlying asset value and/or security
    • Management with a demonstrable positive track record
  • 02

    Fundamental Research

    Analyze securities for “margin of safety” and income sustainability through industry, company and security research. Equity research focuses on determining what an informed buyer would pay in cash for the underlying enterprise. Credit research focuses on determining whether the enterprise possesses the ability and willingness to successfully pay coupons and repay or refinance principal.

    For each potential investment, the team:

    • Deconstructs the financials
    • Understands the business
    • Assesses the valuation 

    The team then determines what they believe is the optimal place in the capital structure to invest.

  • 03

    Bottom-Up Portfolio Construction

    Employ a flexible and global approach to income generation. Capital allocation decisions are made security by security, based on the team’s assessment of “margin of safety”. As broader market conditions warrant, the team may invest in:

    • Equity securities that they believe have the potential to generate income and grow capital over the long term, focusing on dividend-paying equities
    • Credit securities that they believe will generate income, including corporate bonds and loans
    • Cash and cash equivalents and sovereign debt securities as deferred purchasing power, with flexibility regarding duration and currency
    • Gold and gold-related securities as a potential hedge against extreme outcomes, focusing on dividend-paying gold mining stocks.
  • 04

    Risk Management and Portfolio Monitoring

    The team defines risk as the potential for permanent impairment of capital and believes that risk management begins at the security level and continues through portfolio construction and monitoring. 

    • Security-level risk management: Continuously reassess the intrinsic value and price/value relationship of individual securities; monitor industry or competitive developments that could alter a specific company’s risk profile; and limit initial position sizing to maintain the flexibility to exploit additional security price weakness.
    • Portfolio-level risk management: Seek to maintain an adequately diversified portfolio and avoid clusters of risk. The team may hold gold as a potential hedge against extreme market outcomes, and has the flexibility to remain benchmark-agnostic.

Growth of $10K

Select Benchmarks

Source: FactSet; data as of Dec 31, 2023.

  1. This chart illustrates a hypothetical investment in Class A 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. Date selected assumes purchase at month end.

  1. Disclosures

  2. Global Income Builder Fund Inception dates: A Shares 05/01/2012, C Shares 05/01/2012, I Shares 05/01/2012, R6 Shares 03/01/2017.

  3. Had fees not been waived and/or expenses reimbursed in the past, returns would have been lower.

  4. The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses. Investment results and the principal value of an investment will vary.

  5. Returns for periods less than one year are not annualized.

  6. The average annual returns for Class C Shares reflect a CDSC (contingent deferred sales charge) of 1.00% in the year-to-date and first year only.

  7. Performance information for Class I Shares is 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 A and C Shares have maximum sales charges of 5.00% and 1.00% respectively, and 12b-1 fees, which reduce performance.

  8. Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.

  9. Class R Shares are offered without sales charge.

  10. The annual expense ratio is based on expenses incurred by The Fund, as stated in the most recent prospectus.

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  1. Definitions

  2. Composite Index - effective March 1, 2016 the Global Income Builder Fund is compared against a composite index, 60% of which consists of the MSCI World Index and 40% of which consists of the Barclays U.S. Aggregate Bond Index. The Fund believes this composite index provides a useful comparison against the performance of the Fund, which currently invests in both equity and fixed income securities.

  3. One cannot invest directly in an index. Indices do not incur management fees or other operating expenses.

  4. MSCI World: The MSCI World Index is a widely followed, unmanaged group of stocks from 23 developed markets and is not available for purchase. The index provides total returns in U.S. dollars with net dividends reinvested.

  5. The Bloomberg Barclays Capital Aggregate Bond Index is a broad-based benchmark that measures the investment grade U.S. dollar-denominated fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS.

  6. The Bloomberg Barclays US Corporate High Yield Bond Index is composed of fixed-rate, publicly issued, non-investment grade debt, is unmanaged, with dividends reinvested, and is not available for purchase.  The index includes both corporate and non-corporate sectors.  The corporate sectors are Industrial, Utility and Finance, which include both U.S. and non-U.S. corporations.  The index is presented here for comparison purposes only.

  7. First Eagle defines "margin of safety" as the difference between a company's market price and our estimate of its intrinsic value. An investment made with a margin of safety is no guarantee against loss.

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Growth of $10K

Select Benchmarks

Source: FactSet; data as of Dec 31, 2023.

  1. This chart illustrates a hypothetical investment in Class A 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. Date selected assumes purchase at month end.

Risk vs. Return Since Inception

FEBAXComposite IndexBloomberg US Aggregate Bond IndexMSCI World Index
Annualized Return (%)    5.58    6.80    1.60    9.95
Annualized Standard Deviation (%)    9.28    9.47    4.51   14.46
R-Square (%)   83.99  100.00   26.55   96.82
Beta    0.90    1.00    0.25    1.50
Alpha (annualized)   -0.45    0.00   -0.03    0.02
Information Ratio (annualized)   -0.32     NA    -0.64    0.59

Source: FactSet; data as of Dec 31, 2023.

TickerClassYTD %1 MO3 MO1 YR3 YR5 YR10 YRINCEPT %Expense Ratio
GrossNet
FEBAX A w/out load  -0.07%  -0.03%   3.18%   5.55%   4.77%   5.17%   4.36%   5.49%   1.16% --
FEBAX A w/load  -5.06%  -5.03%  -1.97%   0.31%   2.99%   4.09%   3.83%   5.03%   1.16% --
Composite Index (since inception based on A Shares)   2.60%   1.98%   7.19%  15.97%   3.97%   7.41%   6.19%   6.97%                
MSCI World Index (since inception based on A Shares)   5.49%   4.24%  10.67%  24.96%   8.64%  11.66%   9.06%  10.30%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)  -1.68%  -1.41%   2.08%   3.33%  -3.16%   0.56%   1.43%   1.43%
FEBAX A w/out load   8.16%   3.25%   5.32%   8.16%   4.63%   6.56%   4.68%   5.57%   1.16% --
FEBAX A w/load   2.75%  -1.90%   0.02%   2.75%   2.86%   5.48%   4.15%   5.11%   1.16% --
Composite Index (since inception based on A Shares)  16.27%   4.48%   9.58%  16.27%   3.11%   8.31%   6.08%   6.84%                
MSCI World Index (since inception based on A Shares)  23.79%   4.91%  11.42%  23.79%   7.27%  12.80%   8.60%   9.95%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)   5.53%   3.83%   6.82%   5.53%  -3.31%   1.10%   1.81%   1.60%
FEBCX C  -1.25%  -1.10%   1.89%   3.71%   3.94%   4.35%   3.56%   4.69%   1.94% --
Composite Index (since inception based on A Shares)   2.60%   1.98%   7.19%  15.97%   3.97%   7.41%   6.19%   6.97%                
MSCI World Index (since inception based on A Shares)   5.49%   4.24%  10.67%  24.96%   8.64%  11.66%   9.06%  10.30%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)  -1.68%  -1.41%   2.08%   3.33%  -3.16%   0.56%   1.43%   1.43%
FEBCX C   6.34%   2.15%   4.16%   6.34%   3.82%   5.75%   3.89%   4.78%   1.94% --
Composite Index (since inception based on A Shares)  16.27%   4.48%   9.58%  16.27%   3.11%   8.31%   6.08%   6.84%                
MSCI World Index (since inception based on A Shares)  23.79%   4.91%  11.42%  23.79%   7.27%  12.80%   8.60%   9.95%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)   5.53%   3.83%   6.82%   5.53%  -3.31%   1.10%   1.81%   1.60%
FEBIX I  -0.03%  -0.01%   3.16%   5.79%   5.00%   5.43%   4.62%   5.75%   0.93% --
Composite Index (since inception based on A Shares)   2.60%   1.98%   7.19%  15.97%   3.97%   7.41%   6.19%   6.97%                
MSCI World Index (since inception based on A Shares)   5.49%   4.24%  10.67%  24.96%   8.64%  11.66%   9.06%  10.30%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)  -1.68%  -1.41%   2.08%   3.33%  -3.16%   0.56%   1.43%   1.43%
FEBIX I   8.41%   3.20%   5.40%   8.41%   4.88%   6.82%   4.95%   5.84%   0.93% --
Composite Index (since inception based on A Shares)  16.27%   4.48%   9.58%  16.27%   3.11%   8.31%   6.08%   6.84%                
MSCI World Index (since inception based on A Shares)  23.79%   4.91%  11.42%  23.79%   7.27%  12.80%   8.60%   9.95%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)   5.53%   3.83%   6.82%   5.53%  -3.31%   1.10%   1.81%   1.60%
FEBRX R6  -0.02%  -0.01%   3.19%   5.87%   5.08%   5.47%      -   5.20%   0.87% --
Composite Index (since inception based on A Shares)   2.60%   1.98%   7.19%  15.97%   3.97%   7.41%   6.19%   6.97%                
MSCI World Index (since inception based on A Shares)   5.49%   4.24%  10.67%  24.96%   8.64%  11.66%   9.06%  10.30%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)  -1.68%  -1.41%   2.08%   3.33%  -3.16%   0.56%   1.43%   1.43%
FEBRX R6   8.50%   3.21%   5.43%   8.50%   4.93%   6.87%      -   5.33%   0.87% --
Composite Index (since inception based on A Shares)  16.27%   4.48%   9.58%  16.27%   3.11%   8.31%   6.08%   6.84%                
MSCI World Index (since inception based on A Shares)  23.79%   4.91%  11.42%  23.79%   7.27%  12.80%   8.60%   9.95%                
Bloomberg US Aggregate Bond Index (since inception based on A Shares)   5.53%   3.83%   6.82%   5.53%  -3.31%   1.10%   1.81%   1.60%

Source: FactSet; data as of Dec 31, 2023.

Source: FactSet; data as of Feb 29, 2024.

  1. The performance data quoted herein represents past performance and does not guarantee future results. Market volatility can dramatically impact a 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 on the Prices & Performance page.

  1. Disclosures

  2. Global Income Builder Fund Inception dates: A Shares 05/01/2012, C Shares 05/01/2012, I Shares 05/01/2012, R6 Shares 03/01/2017.

  3. Had fees not been waived and/or expenses reimbursed in the past, returns would have been lower.

  4. The average annual returns shown above are historical and reflect changes in share price, reinvested dividends and are net of expenses. Investment results and the principal value of an investment will vary.

  5. Returns for periods less than one year are not annualized.

  6. The average annual returns for Class A Shares “with sales charge” performance gives effect to the deduction of the maximum sales charge of 3.75% for periods prior to March 1, 2000 and of 5.00% thereafter.

  7. The average annual returns for Class C Shares reflect a CDSC (contingent deferred sales charge) of 1.00% in the year-to-date and first year only.

  8. Performance information for Class I Shares is 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 A and C Shares have maximum sales charges of 5.00% and 1.00% respectively, and 12b-1 fees, which reduce performance.

  9. Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.

  10. Class R Shares are offered without sales charge.

  11. The annual expense ratio is based on expenses incurred by The Fund, as stated in the most recent prospectus.

Show More Show Less
  1. Definitions

  2. Composite Index - effective March 1, 2016 the Global Income Builder Fund is compared against a composite index, 60% of which consists of the MSCI World Index and 40% of which consists of the Barclays U.S. Aggregate Bond Index. The Fund believes this composite index provides a useful comparison against the performance of the Fund, which currently invests in both equity and fixed income securities.

  3. One cannot invest directly in an index. Indices do not incur management fees or other operating expenses.

  4. MSCI World: The MSCI World Index is a widely followed, unmanaged group of stocks from 23 developed markets and is not available for purchase. The index provides total returns in U.S. dollars with net dividends reinvested.

  5. The Bloomberg Barclays Capital Aggregate Bond Index is a broad-based benchmark that measures the investment grade U.S. dollar-denominated fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS.

  6. The Bloomberg Barclays US Corporate High Yield Bond Index is composed of fixed-rate, publicly issued, non-investment grade debt, is unmanaged, with dividends reinvested, and is not available for purchase.  The index includes both corporate and non-corporate sectors.  The corporate sectors are Industrial, Utility and Finance, which include both U.S. and non-U.S. corporations.  The index is presented here for comparison purposes only.

  7. Standard deviation is a statistical measure of the distance a quantity is likely to be from its average value.  It is applied to the annual rate of return to measure volatility.

  8. R-Squared reflects the percentage of a fund's movements that are explained by movements in its benchmark index, showing the degree of correlation between the fund and the benchmark.

  9. Beta is a measure of the fund's volatility (risk) relative to the overall market. The higher the fund's Beta, the more the fund price is expected to change in response to a given change in the value of the market.

  10. Alpha is a measure of the Fund's excess return relative to the return of the benchmark index.

  11. Information ratio evaluates the ratio of a fund's returns above those of a benchmark against the volatility of those returns.

  12. First Eagle defines "margin of safety" as the difference between a company's market price and our estimate of its intrinsic value. An investment made with a margin of safety is no guarantee against loss.

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Top Ten Holdings (%)

As of Feb 29, 2024

Gold Bullion 6.45
Exxon Mobil Corporation Equity 2.55
Unilever PLC Equity 2.52
British American Tobacco p.l.c. Equity 2.19
Nestle S.A. Equity 2.04
Colgate-Palmolive Company Equity 1.89
Jardine Matheson Holdings Limited Equity 1.79
KT & G Corporation Equity 1.73
Philip Morris International Inc. Equity 1.69
Compagnie Financiere Richemont SA Equity 1.59
Top Ten Holdings as a Percentage of Total Net Assets 24.44

Allocation By Sector

Consumer Staples: 23.20%
Government Bonds: 14.45%
Financials: 13.16%
Materials: 10.83%
Industrials: 7.93%
Energy: 7.72%
Health Care: 6.95%
Real Estate: 4.81%
Consumer Discretionary: 4.11%
Short-Term, Cash & Cash Equivalents: 1.78%
Other: 5.06%
Source: FactSet; data as of Dec 31, 2023.
Consumer Staples 23.20%
Government Bonds 14.45%
Financials 13.16%
Materials 10.83%
Industrials 7.93%
Energy 7.72%
Health Care 6.95%
Real Estate 4.81%
Consumer Discretionary 4.11%
Information Technology 3.22%
Short-Term, Cash & Cash Equivalents 1.78%
Communication Services 1.43%
Utilities 0.41%
Consumer Staples 23.37%
Government Bonds 15.20%
Financials 12.07%
Materials 10.22%
Energy 8.29%
Industrials 8.03%
Health Care 6.02%
Real Estate 4.58%
Short-Term, Cash & Cash Equivalents 3.77%
Consumer Discretionary 3.59%
Information Technology 3.04%
Communication Services 1.42%
Utilities 0.39%
Consumer Staples 23.87%
Government Bonds 13.28%
Financials 11.82%
Materials 10.42%
Industrials 9.08%
Energy 7.51%
Health Care 5.86%
Short-Term, Cash & Cash Equivalents 4.74%
Real Estate 4.60%
Consumer Discretionary 3.75%
Information Technology 3.32%
Communication Services 1.32%
Utilities 0.43%
Consumer Staples 23.01%
Financials 14.14%
Government Bonds 10.79%
Materials 10.79%
Energy 9.52%
Industrials 9.06%
Health Care 5.71%
Real Estate 4.53%
Short-Term, Cash & Cash Equivalents 3.88%
Consumer Discretionary 3.83%
Information Technology 3.04%
Communication Services 1.21%
Utilities 0.47%
Consumer Staples 22.55%
Financials 13.01%
Government Bonds 10.19%
Precious Metals 9.05%
Energy 8.98%
Industrials 8.68%
Health Care 5.59%
Consumer Discretionary 4.65%
Real Estate 4.56%
Information Technology 3.28%
Holding Companies 3.08%
Short-Term, Cash & Cash Equivalents 2.87%
Materials 1.63%
Communication Services 1.17%
Utilities 0.66%
Transportation 0.04%
Consumer Staples 23.10%
Financials 12.98%
Energy 9.63%
Government Bonds 9.62%
Industrials 9.35%
Precious Metals 9.30%
Health Care 5.45%
Real Estate 4.82%
Consumer Discretionary 4.45%
Information Technology 3.27%
Holding Companies 3.00%
Materials 1.73%
Short-Term, Cash & Cash Equivalents 1.40%
Communication Services 1.15%
Utilities 0.67%
Transportation 0.09%
Consumer Staples 23.06%
Financials 12.67%
Precious Metals 9.47%
Energy 9.30%
Industrials 9.27%
Government Bonds 8.39%
Health Care 5.79%
Real Estate 5.32%
Consumer Discretionary 4.31%
Information Technology 3.12%
Holding Companies 3.11%
Short-Term, Cash & Cash Equivalents 2.33%
Materials 1.87%
Communication Services 1.15%
Utilities 0.74%
Transportation 0.07%
Consumer Staples 22.83%
Financials 13.27%
Precious Metals 9.96%
Industrials 8.96%
Energy 8.82%
Government Bonds 6.89%
Health Care 5.74%
Real Estate 5.46%
Consumer Discretionary 4.03%
Holding Companies 3.95%
Short-Term, Cash & Cash Equivalents 3.16%
Information Technology 3.00%
Materials 2.14%
Communication Services 0.94%
Utilities 0.75%
Transportation 0.08%
Consumer Staples 23.31%
Financials 13.90%
Precious Metals 9.63%
Industrials 8.66%
Energy 7.64%
Real Estate 5.65%
Health Care 5.39%
Government Bonds 5.20%
Consumer Discretionary 4.76%
Holding Companies 4.27%
Information Technology 3.80%
Cash & Cash Equivalents 3.52%
Materials 2.71%
Utilities 0.81%
Communication Services 0.67%
Transportation 0.08%

Allocation By Asset Class

International Developed Stocks: 27.94%
US Stocks: 25.90%
Sovereign Bonds: 13.21%
US Company Bonds: 9.98%
International Emerging Stocks: 9.50%
Gold Related Investments: 9.23%
International Company Bonds: 2.20%
Short-Term, Cash & Cash Equivalents: 1.78%
Term Loans: 0.25%
Source: FactSet; data as of Dec 31, 2023.
International Developed Stocks 27.94%
US Stocks 25.90%
Sovereign Bonds 13.21%
US Company Bonds 9.98%
International Emerging Stocks 9.50%
Gold Related Investments 9.23%
International Company Bonds 2.20%
Short-Term, Cash & Cash Equivalents 1.78%
Term Loans 0.25%
International Developed Stocks 27.59%
US Stocks 23.14%
Sovereign Bonds 15.20%
US Company Bonds 9.89%
International Emerging Stocks 8.86%
Gold Related Investments 8.68%
Short-Term, Cash & Cash Equivalents 3.77%
International Company Bonds 2.61%
Term Loans 0.26%
International Developed Stocks 28.95%
US Stocks 23.00%
Sovereign Bonds 13.28%
US Company Bonds 10.02%
Gold Related Investments 8.90%
International Emerging Stocks 8.55%
Short-Term, Cash & Cash Equivalents 4.74%
International Company Bonds 2.57%
Term Loans 0.00%
International Developed Stocks 31.31%
US Stocks 23.89%
Sovereign Bonds 10.79%
US Company Bonds 9.99%
Gold Related Investments 9.53%
International Emerging Stocks 8.15%
Short-Term, Cash & Cash Equivalents 3.88%
International Company Bonds 2.36%
Term Loans 0.09%
International Developed Stocks 33.17%
US Stocks 25.38%
Sovereign Bonds 10.19%
US Company Bonds 9.73%
Gold Related Investments 9.05%
International Emerging Stocks 7.67%
Short-Term, Cash & Cash Equivalents 2.87%
International Company Bonds 1.84%
Term Loans 0.10%
International Developed Stocks 33.10%
US Stocks 26.03%
US Company Bonds 10.90%
Sovereign Bonds 9.62%
Gold Related Investments 9.30%
International Emerging Stocks 7.74%
International Company Bonds 1.90%
Term Loans 0.00%
International Stocks 41.96%
US Stocks 25.79%
US Company Bonds 10.17%
Gold Related Investments 9.47%
Sovereign Bonds 8.39%
Short-Term, Cash & Cash Equivalents 2.33%
International Company Bonds 1.89%
Term Loans 0.00%
International Stocks 43.48%
US Stocks 24.55%
US Company Bonds 10.00%
Gold Related Investments 9.96%
Sovereign Bonds 6.89%
Short-Term, Cash & Cash Equivalents 3.16%
International Company Bonds 1.95%
Term Loans 0.00%
International Stocks 44.66%
US Stocks 24.19%
US Company Bonds 10.72%
Gold Related Investments 9.63%
Sovereign Bonds 5.20%
Cash & Cash Equivalents 3.52%
International Company Bonds 2.08%
Term Loans 0.00%

Allocation By Region

United States: 47.40%
Europe: 20.45%
Other: 9.90%
Gold Related Investments: 9.23%
Asia ex-Japan: 8.00%
Japan: 3.25%
Short-Term, Cash & Cash Equivalents: 1.78%
Source: FactSet; data as of Dec 31, 2023.
United States 47.40%
Europe 20.45%
Other 9.90%
Gold Related Investments 9.23%
Asia ex-Japan 8.00%
Japan 3.25%
Short-Term, Cash & Cash Equivalents 1.78%
United States 46.77%
Europe 20.23%
Other 9.36%
Gold Related Investments 8.68%
Asia ex-Japan 8.18%
Short-Term, Cash & Cash Equivalents 3.77%
Japan 3.00%
United States 44.64%
Europe 20.53%
Other 9.82%
Gold Related Investments 8.90%
Asia ex-Japan 8.17%
Short-Term, Cash & Cash Equivalents 4.74%
Japan 3.20%
United States 43.15%
Europe 22.90%
Gold Related Investments 9.53%
Other 9.04%
Asia ex-Japan 8.44%
Short-Term, Cash & Cash Equivalents 3.88%
Japan 3.05%
United States 43.71%
Europe 24.26%
Gold Related Investments 9.05%
Asia ex-Japan 9.04%
Other 8.22%
Short-Term, Cash & Cash Equivalents 2.87%
Japan 2.84%
United States 44.91%
Europe 24.05%
Gold Related Investments 9.30%
Asia ex-Japan 9.26%
Other 8.44%
Japan 2.65%
Short-Term, Cash & Cash Equivalents 1.40%
United States 42.87%
Europe 25.07%
Gold Related Investments 9.47%
Asia ex-Japan 9.38%
Other 8.00%
Japan 2.88%
Short-Term, Cash & Cash Equivalents 2.33%
United States 40.11%
Europe 26.27%
Gold Related Investments 9.96%
Asia ex-Japan 8.95%
Other 8.41%
Short-Term, Cash & Cash Equivalents 3.16%
Japan 3.13%
United States 39.07%
Europe 27.72%
Gold Related Investments 9.63%
Asia ex-Japan 8.99%
Other 8.13%
Cash & Cash Equivalents 3.52%
Japan 2.94%

Allocation By Credit Quality

BBB and above: 67.52%
BB: 16.22%
No Rating: 9.76%
B: 6.49%
CCC and below: 0.00%
Source: FactSet; data as of Dec 31, 2023.
  1. Ratings source: Standard & Poor's. A credit rating, as represented by the Credit Quality Breakdown, is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of credit worthiness of an issuer with respect to debt obligations, including specific securities, money market instruments, or other bonds. ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest); ratings are subject to change without notice. Not Rated (NR) indicates that the debtor was not rated and should not be interpreted as indicating low quality. For more information on the Standard & Poor's rating methodology, please visit standardandpoors.com and select "Understanding Ratings" under Rating Resources.

BBB and above 67.52%
BB 16.22%
No Rating 9.76%
B 6.49%
CCC and below 0.00%
BBB and above 69.16%
BB 16.97%
No Rating 8.02%
B 5.86%
CCC and below 0.00%
BBB and above 66.81%
BB 20.19%
No Rating 6.56%
B 6.43%
CCC and below 0.00%
BBB and above 60.91%
BB 22.19%
B 8.85%
No Rating 8.05%
CCC and below 0.00%
BBB and above 58.11%
BB 26.29%
No Rating 8.38%
B 7.22%
CCC and below 0.00%
BBB and above 51.84%
BB 29.90%
No Rating 9.39%
B 8.87%
CCC and below 0.00%
BBB and above 49.46%
BB 30.69%
B 9.99%
No Rating 9.86%
CCC and below 0.00%
BBB and above 47.97%
BB 35.80%
B 10.72%
No Rating 5.51%
CCC and below 0.00%
BBB and above 44.31%
BB 41.33%
B 9.99%
No Rating 4.38%
CCC and below 0.00%
  1. Short-Term, Cash & Cash Equivalents include short-term investments; e.g., short-term commercial paper (2.2% of net assets) that settles in 90 days or less, longer-term commercial paper (0.0% of net assets) that settles in 91 days or more, with the balance in US T-bills or money market funds.

  2. Portfolio holdings are subject to change and should not be considered a recommendation to buy or sell securities. Based on total fair value of investment and cash/cash equivalents. Not a guarantee of future portfolio composition. Current and future portfolio holdings are subject to risk.

  3. Percentages may not sum to 100% due to rounding.

Fund Management

  • Julien Albertini

    Portfolio Manager and Senior Research Analyst

    Industry start:  
    2002
    Year joined:  
    2013
  • Idanna Appio

    Portfolio Manager and Senior Research Analyst

    Industry start:  
    1998
    Year joined:  
    2015
  • Kimball Brooker Jr.

    Co-Head of Global Value Team and Portfolio Manager

    Industry start:  
    1992
    Year joined:  
    2009

Our Process

The Global Income Builder Team follows a four-step process of idea generation, fundamental research, portfolio construction, and risk management. As a global growth and income fund, our fundamental research drives the identification of income-producing investment opportunities across all market environments.

  • 01

    Idea Generation

    The team examines a broad array of possible income-producing opportunities across the capital structure of a company. 

    Equity idea generation focuses on:

    • Companies misunderstood or temporarily disappointing investors
    • Underappreciated franchise businesses

    Credit idea generation focuses on:

    • Companies with stable and sufficient cash flows
    • Companies with underlying asset value and/or security
    • Management with a demonstrable positive track record
  • 02

    Fundamental Research

    Analyze securities for “margin of safety” and income sustainability through industry, company, and security research. Equity research focuses on determining what an informed buyer would pay in cash for the underlying enterprise. Credit research focuses on determining whether the enterprise possesses the ability and willingness to successfully pay coupons and repay or refinance principal.

    For each potential investment, the team:

    • Deconstructs the financials
    • Understands the business
    • Assesses the valuation 

    The team then determines what they believe is the optimal place in the capital structure to invest.

  • 03

    Bottom-Up Portfolio Construction

    Employ a flexible and global approach to income generation. Capital allocation decisions are made security by security, based on the team’s assessment of “margin of safety”. As broader market conditions warrant, the team may invest in:

    • Equity securities that they believe have the potential to generate income and grow capital over the long-term, focusing on dividend-paying equities
    • Credit securities that they believe will generate income, including corporate bonds and loans
    • Cash and cash equivalents and sovereign debt securities as deferred purchasing power, with flexibility regarding duration and currency
    • Gold and gold-related securities as a potential hedge against extreme outcomes, focusing on dividend-paying gold mining stocks.
       
  • 04

    Risk Management and Portfolio Monitoring

    The team defines risk as the potential for permanent impairment of capital and believes that risk management begins at the security level and continues through portfolio construction and monitoring.

    • Security-level risk management: Continuously reassess the intrinsic value and price/value relationship of individual securities; monitor industry or competitive developments that could alter a specific company’s risk profile; and limit initial position sizing to maintain the flexibility to exploit additional security price weakness.
    • Portfolio-level risk management: Seek to maintain an adequately diversified portfolio and avoid clusters of risk. The team may hold gold as a potential hedge against extreme market outcomes and has the flexibility to remain benchmark-agnostic.
       
  1. Definitions

  2. First Eagle defines "margin of safety" as the difference between a company's market price and our estimate of its intrinsic value. An investment made with a margin of safety is no guarantee against loss.

The following information describes the fees and expenses you may pay if you buy and hold shares of the Global Income Builder Fund.

Please read prospectus carefully for more complete information including details on fees, expenses and risks before investing.

Share Class A (FEBAX)

Expense Ratio and Shareholder Fees as of March 1, 2024

Shareholder Fee (%)

These are the fees paid directly from your investment.

 Sales ChargeDealer Re-Allowance
Less than $25,0005.004.50
$25,000 but less than $50,0004.504.25
$50,000 but less than $100,0004.003.75
$100,000 but less than $250,0003.253.00
250,000 and over10.000.00

 

Expense Ratio (%)

These are the expenses you pay each year as a percentage of the value of your investment

Management Fees0.75
Distribution and Service (12b-1) Fees0.25
Other Expenses0.18
Total1.18
  1. Disclosures

  2. 1

    A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. The Distributor may pay dealers of record “finder’s fee” commissions of up to 1.00% of purchases of Class A shares not previously subject to a front-end sales charge or dealer commission paid by the investor.

  3. There are several ways to lower the sales charge on Class A shares: Aggregation, Rights of Accumulation and Letter of Intention. For details please refer to our prospectus.

  4. In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.

  5. Had fees not been waived and/or expenses reimbursed in the past, returns would have been lower.

Share Class C (FEBCX)

Expense Ratio and Shareholder Fees as of March 1, 2024

Shareholder Fee (%)

These are the fees paid directly from your investment.

Maximum Deferred Sales Charge (Load)
(as a percentage of the lesser of your purchase or redemption price)
1.00

 

Expense Ratio (%)

These are the expenses you pay each year as a percentage of the value of your investment

Management Fees0.75
Distribution and Service (12b-1) Fees1.00
Other Expenses0.19
Total 1.94
  1. Disclosures

  2. In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.

Share Class I (FEBIX)

Expense Ratio and Shareholder Fees as of March 1, 2024

Expense Ratio (%)

These are the expenses you pay each year as a percentage of the value of your investment

Management Fees0.75
Distribution and/or Service (12b-1) Fees0.00
Other Expenses0.22
Total0.97
  1. Disclosures

  2. Class I Shares require $1MM minimum investment and are offered without sales charge. There is no minimum subsequent investment amount for Class I Shares.

  3. In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.

Share Class R6 (FEBRX)

Expense Ratio and Shareholder Fees as of March 1, 2024

Expense Ratio (%)

These are the expenses you pay each year as a percentage of the value of your investment

Management Fees0.75
Distribution and Service (12b-1) Fees0.00
Other Expenses0.14
Total0.89
  1. Disclosures

  2. In order to claim a breakpoint or other means of reducing the sales charge, an investor should notify his or her dealer, the Distributor, or the Transfer Agent (DST) at the time of purchase.

  1. FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.

Record DateFrequencyEx DateReinvest DatePayable DateDividend ($)Reinvested at
02/29/2024 Monthly 02/29/2024 02/29/2024 03/01/2024 $0.016 $12.71
01/31/2024 Monthly 01/31/2024 02/01/2024 02/01/2024 $0.005 $12.81
12/29/2023 Monthly 12/29/2023 12/29/2023 01/02/2024 $0.042 $12.74
11/30/2023 Monthly 11/30/2023 11/30/2023 12/01/2023 $0.018 $12.38
10/31/2023 Monthly 10/31/2023 10/31/2023 11/01/2023 $0.011 $11.89
09/29/2023 Monthly 09/29/2023 09/29/2023 10/02/2023 $0.030 $12.27
08/31/2023 Monthly 08/31/2023 08/31/2023 09/01/2023 $0.023 $12.63
07/31/2023 Monthly 07/31/2023 07/31/2023 08/01/2023 $0.014 $12.88
06/30/2023 Monthly 06/30/2023 06/30/2023 07/03/2023 $0.020 $12.68
05/31/2023 Monthly 05/31/2023 05/31/2023 06/01/2023 $0.042 $12.35
04/28/2023 Monthly 04/28/2023 04/28/2023 05/01/2023 $0.026 $12.83
03/31/2023 Monthly 03/31/2023 03/31/2023 04/03/2023 $0.045 $12.59
02/28/2023 Monthly 02/28/2023 02/28/2023 03/01/2023 $0.015 $12.43
01/31/2023 Monthly 01/31/2023 01/31/2023 02/01/2023 $0.006 $12.81
12/30/2022 Monthly 12/30/2022 12/30/2022 01/03/2023 $0.040 $12.16
11/30/2022 Monthly 11/30/2022 11/30/2022 12/01/2022 $0.017 $12.37
10/31/2022 Monthly 10/31/2022 10/31/2022 11/01/2022 $0.008 $11.62
09/30/2022 Monthly 09/30/2022 09/30/2022 10/03/2022 $0.026 $11.08
08/31/2022 Monthly 08/31/2022 08/31/2022 09/01/2022 $0.024 $11.86
07/29/2022 Monthly 07/29/2022 07/29/2022 08/01/2022 $0.008 $12.33
06/30/2022 Monthly 06/30/2022 06/30/2022 07/01/2022 $0.024 $11.91
05/31/2022 Monthly 05/31/2022 05/31/2022 06/01/2022 $0.043 $12.73
04/29/2022 Monthly 04/29/2022 04/29/2022 05/02/2022 $0.047 $12.51
03/31/2022 Monthly 03/31/2022 03/31/2022 04/01/2022 $0.037 $12.89
02/28/2022 Monthly 02/28/2022 02/28/2022 03/01/2022 $0.016 $12.98
01/31/2022 Monthly 01/31/2022 01/31/2022 02/01/2022 $0.003 $13.06
12/31/2021 Monthly 12/31/2021 12/31/2021 01/03/2022 $0.030 $12.99
11/30/2021 Special distribution 12/01/2021 12/01/2021 12/02/2021 $0.157 $12.49
11/30/2021 Monthly 11/30/2021 11/30/2021 12/01/2021 $0.023 $13.05
10/29/2021 Monthly 10/29/2021 10/29/2021 11/01/2021 $0.014 $13.52
09/30/2021 Monthly 09/30/2021 09/30/2021 10/01/2021 $0.029 $13.14
08/31/2021 Monthly 08/31/2021 08/31/2021 09/01/2021 $0.018 $13.52
07/30/2021 Monthly 07/30/2021 07/30/2021 08/02/2021 $0.010 $13.60
06/30/2021 Monthly 06/30/2021 06/30/2021 07/01/2021 $0.009 $13.60
05/28/2021 Monthly 05/28/2021 05/28/2021 06/01/2021 $0.045 $13.73
04/30/2021 Monthly 04/30/2021 04/30/2021 05/03/2021 $0.022 $13.32
03/31/2021 Monthly 03/31/2021 03/31/2021 04/01/2021 $0.034 $12.93
02/26/2021 Monthly 02/26/2021 02/26/2021 03/01/2021 $0.016 $12.51
01/29/2021 Monthly 01/29/2021 01/29/2021 02/01/2021 $0.004 $12.46
12/31/2020 Monthly 12/31/2020 12/31/2020 01/04/2021 $0.050 $12.59
11/30/2020 Monthly 11/30/2020 11/30/2020 12/01/2020 $0.009 $12.39
10/30/2020 Monthly 10/30/2020 10/30/2020 11/02/2020 $0.011 $11.48
09/30/2020 Monthly 09/30/2020 09/30/2020 10/01/2020 $0.022 $11.72
08/31/2020 Monthly 08/31/2020 08/31/2020 09/01/2020 $0.017 $11.95
07/31/2020 Monthly 07/31/2020 07/31/2020 08/03/2020 $0.015 $11.77
06/30/2020 Monthly 06/30/2020 06/30/2020 07/01/2020 $0.020 $11.41
05/29/2020 Monthly 05/29/2020 05/29/2020 06/01/2020 $0.029 $11.26
04/30/2020 Monthly 04/30/2020 04/30/2020 05/01/2020 $0.015 $11.11
03/31/2020 Monthly 03/31/2020 03/31/2020 04/01/2020 $0.020 $10.40
02/28/2020 Monthly 02/28/2020 02/28/2020 03/02/2020 $0.020 $11.55
01/31/2020 Monthly 01/31/2020 01/31/2020 02/03/2020 $0.007 $12.15
12/31/2019 Monthly 12/31/2019 12/31/2019 01/02/2020 $0.019 $12.42
11/29/2019 Monthly 11/29/2019 11/29/2019 12/02/2019 $0.010 $12.20
10/31/2019 Monthly 10/31/2019 10/31/2019 11/01/2019 $0.009 $12.15
09/30/2019 Monthly 09/30/2019 09/30/2019 10/01/2019 $0.026 $12.01
08/30/2019 Monthly 08/30/2019 08/30/2019 09/03/2019 $0.017 $11.87
07/31/2019 Monthly 07/31/2019 07/31/2019 08/01/2019 $0.008 $11.97
06/30/2019 Monthly 06/30/2019 06/30/2019 07/01/2019 $0.023 $12.04
05/31/2019 Monthly 05/31/2019 05/31/2019 06/03/2019 $0.035 $11.58
04/30/2019 Monthly 04/30/2019 04/30/2019 05/01/2019 $0.035 $11.97
03/29/2019 Monthly 03/29/2019 03/29/2019 04/01/2019 $0.031 $11.85
02/28/2019 Monthly 02/28/2019 02/28/2019 03/01/2019 $0.018 $11.81
01/31/2019 Monthly 01/31/2019 01/31/2019 02/01/2019 $0.012 $11.62
12/31/2018 Monthly 12/31/2018 12/31/2018 01/02/2019 $0.020 $11.09
11/30/2018 Monthly 11/30/2018 11/30/2018 12/03/2018 $0.018 $11.45
10/31/2018 Monthly 10/31/2018 10/31/2018 11/01/2018 $0.012 $11.45
09/28/2018 Monthly 09/28/2018 09/28/2018 10/01/2018 $0.028 $11.91
08/31/2018 Monthly 08/31/2018 08/31/2018 09/04/2018 $0.022 $11.90
07/31/2018 Monthly 07/31/2018 07/31/2018 08/01/2018 $0.011 $12.04
06/29/2018 Monthly 06/29/2018 06/29/2018 07/02/2018 $0.022 $11.85
05/31/2018 Monthly 05/31/2018 05/31/2018 06/01/2018 $0.044 $11.96
04/30/2018 Monthly 04/30/2018 04/30/2018 05/01/2018 $0.031 $11.97
03/29/2018 Monthly 03/29/2018 03/29/2018 04/02/2018 $0.029 $11.99
02/28/2018 Monthly 02/28/2018 02/28/2018 03/01/2018 $0.020 $12.04
01/31/2018 Monthly 01/31/2018 01/31/2018 02/01/2018 $0.009 $12.43
12/29/2017 Monthly 12/29/2017 12/29/2017 01/02/2018 $0.032 $12.13
11/30/2017 Monthly 11/30/2017 11/30/2017 12/01/2017 $0.031 $12.10
10/31/2017 Monthly 10/31/2017 10/31/2017 11/01/2017 $0.017 $12.05
09/29/2017 Monthly 09/29/2017 09/29/2017 10/02/2017 $0.026 $11.95
08/31/2017 Monthly 08/31/2017 08/31/2017 09/01/2017 $0.022 $11.82
07/31/2017 Monthly 07/31/2017 07/31/2017 08/01/2017 $0.015 $11.83
06/30/2017 Monthly 06/30/2017 06/30/2017 07/03/2017 $0.020 $11.75
05/31/2017 Monthly 05/31/2017 05/31/2017 06/01/2017 $0.047 $11.71
04/28/2017 Monthly 04/28/2017 04/28/2017 05/01/2017 $0.024 $11.57
03/31/2017 Quarterly 03/31/2017 03/31/2017 04/03/2017 $0.070 $11.45
12/30/2016 Quarterly 12/30/2016 12/30/2016 01/03/2017 $0.065 $11.02
09/30/2016 Quarterly 09/30/2016 09/30/2016 10/03/2016 $0.074 $11.12
06/30/2016 Quarterly 06/30/2016 06/30/2016 07/01/2016 $0.113 $10.74
03/31/2016 Quarterly 03/31/2016 03/31/2016 04/01/2016 $0.093 $10.57
12/31/2015 Quarterly 12/31/2015 12/31/2015 01/04/2016 $0.064 $10.33
09/30/2015 Quarterly 09/30/2015 09/30/2015 10/01/2015 $0.079 $10.29
06/30/2015 Quarterly 06/30/2015 06/30/2015 07/01/2015 $0.113 $11.04
03/31/2015 Quarterly 03/31/2015 03/31/2015 04/01/2015 $0.093 $11.09
12/31/2014 Quarterly 12/31/2014 12/31/2014 01/02/2015 $0.087 $10.92
09/30/2014 Quarterly 09/30/2014 09/30/2014 10/01/2014 $0.080 $11.53
06/30/2014 Quarterly 06/30/2014 06/30/2014 07/01/2014 $0.123 $12.06
03/31/2014 Quarterly 03/31/2014 03/31/2014 04/01/2014 $0.092 $11.71
12/31/2013 Quarterly 12/31/2013 12/31/2013 01/02/2014 $0.104 $11.30
09/30/2013 Quarterly 09/30/2013 09/30/2013 10/01/2013 $0.086 $10.98
06/28/2013 Quarterly 06/28/2013 06/28/2013 07/01/2013 $0.135 $10.53
03/26/2013 Quarterly 03/27/2013 03/27/2013 03/28/2013 $0.051 $10.73
12/26/2012 Quarterly 12/27/2012 12/27/2012 12/28/2012 $0.077 $10.45
09/24/2012 Quarterly 09/25/2012 09/25/2012 09/26/2012 $0.062 $10.37
06/25/2012 Quarterly 06/26/2012 06/26/2012 06/27/2012 $0.051 $9.61
02/29/2024 Monthly 02/29/2024 02/29/2024 03/01/2024 $0.007 $12.79
01/31/2024 Monthly 01/31/2024 02/01/2024 02/01/2024 $0.001 $12.90
12/29/2023 Monthly 12/29/2023 12/29/2023 01/02/2024 $0.033 $12.83
11/30/2023 Monthly 11/30/2023 11/30/2023 12/01/2023 $0.010 $12.47
10/31/2023 Monthly 10/31/2023 10/31/2023 11/01/2023 $0.004 $11.98
09/29/2023 Monthly 09/29/2023 09/29/2023 10/02/2023 $0.023 $12.35
08/31/2023 Monthly 08/31/2023 08/31/2023 09/01/2023 $0.015 $12.71
07/31/2023 Monthly 07/31/2023 07/31/2023 08/01/2023 $0.007 $12.97
06/30/2023 Monthly 06/30/2023 06/30/2023 07/03/2023 $0.013 $12.77
05/31/2023 Monthly 05/31/2023 05/31/2023 06/01/2023 $0.035 $12.44
04/28/2023 Monthly 04/28/2023 04/28/2023 05/01/2023 $0.018 $12.92
03/31/2023 Monthly 03/31/2023 03/31/2023 04/03/2023 $0.039 $12.68
02/28/2023 Monthly 02/28/2023 02/28/2023 03/01/2023 $0.006 $12.52
01/31/2023 Monthly 01/31/2023 01/31/2023 02/01/2023 $0.000 $12.91
12/30/2022 Monthly 12/30/2022 12/30/2022 01/03/2023 $0.031 $12.25
11/30/2022 Monthly 11/30/2022 11/30/2022 12/01/2022 $0.010 $12.46
10/31/2022 Monthly 10/31/2022 10/31/2022 11/01/2022 $0.001 $11.70
09/30/2022 Monthly 09/30/2022 09/30/2022 10/03/2022 $0.019 $11.16
08/31/2022 Monthly 08/31/2022 08/31/2022 09/01/2022 $0.013 $11.94
07/29/2022 Monthly 07/29/2022 07/29/2022 08/01/2022 $0.002 $12.42
06/30/2022 Monthly 06/30/2022 06/30/2022 07/01/2022 $0.015 $11.99
05/31/2022 Monthly 05/31/2022 05/31/2022 06/01/2022 $0.035 $12.82
04/29/2022 Monthly 04/29/2022 04/29/2022 05/02/2022 $0.037 $12.60
03/31/2022 Monthly 03/31/2022 03/31/2022 04/01/2022 $0.025 $12.98
02/28/2022 Monthly 02/28/2022 02/28/2022 03/01/2022 $0.002 $13.08
01/31/2022 Monthly 01/31/2022 01/31/2022 02/01/2022 $0.000 $13.15
12/31/2021 Monthly 12/31/2021 12/31/2021 01/03/2022 $0.020 $13.08
11/30/2021 Special distribution 12/01/2021 12/01/2021 12/02/2021 $0.028 $12.58
11/30/2021 Monthly 11/30/2021 11/30/2021 12/01/2021 $0.015 $13.01
10/29/2021 Monthly 10/29/2021 10/29/2021 11/01/2021 $0.006 $13.47
09/30/2021 Monthly 09/30/2021 09/30/2021 10/01/2021 $0.016 $13.10
08/31/2021 Monthly 08/31/2021 08/31/2021 09/01/2021 $0.009 $13.47
07/30/2021 Monthly 07/30/2021 07/30/2021 08/02/2021 $0.003 $13.55
06/30/2021 Monthly 06/30/2021 06/30/2021 07/01/2021 $0.008 $13.56
05/28/2021 Monthly 05/28/2021 05/28/2021 06/01/2021 $0.037 $13.69
04/30/2021 Monthly 04/30/2021 04/30/2021 05/03/2021 $0.014 $13.28
03/31/2021 Monthly 03/31/2021 03/31/2021 04/01/2021 $0.025 $12.90
02/26/2021 Monthly 02/26/2021 02/26/2021 03/01/2021 $0.005 $12.48
01/29/2021 Monthly 01/29/2021 01/29/2021 02/01/2021 $0.000 $12.42
12/31/2020 Monthly 12/31/2020 12/31/2020 01/04/2021 $0.039 $12.56
11/30/2020 Monthly 11/30/2020 11/30/2020 12/01/2020 $0.004 $12.35
10/30/2020 Monthly 10/30/2020 10/30/2020 11/02/2020 $0.004 $11.44
09/30/2020 Monthly 09/30/2020 09/30/2020 10/01/2020 $0.012 $11.69
08/31/2020 Monthly 08/31/2020 08/31/2020 09/01/2020 $0.010 $11.92
07/31/2020 Monthly 07/31/2020 07/31/2020 08/03/2020 $0.009 $11.74
06/30/2020 Monthly 06/30/2020 06/30/2020 07/01/2020 $0.012 $11.38
05/29/2020 Monthly 05/29/2020 05/29/2020 06/01/2020 $0.022 $11.23
04/30/2020 Monthly 04/30/2020 04/30/2020 05/01/2020 $0.008 $11.08
03/31/2020 Monthly 03/31/2020 03/31/2020 04/01/2020 $0.012 $10.38
02/28/2020 Monthly 02/28/2020 02/28/2020 03/02/2020 $0.012 $11.52
01/31/2020 Monthly 01/31/2020 01/31/2020 02/03/2020 $0.000 $12.12
12/31/2019 Monthly 12/31/2019 12/31/2019 01/02/2020 $0.009 $12.38
11/29/2019 Monthly 11/29/2019 11/29/2019 12/02/2019 $0.002 $12.16
10/31/2019 Monthly 10/31/2019 10/31/2019 11/01/2019 $0.003 $12.11
09/30/2019 Monthly 09/30/2019 09/30/2019 10/01/2019 $0.017 $11.97
08/30/2019 Monthly 08/30/2019 08/30/2019 09/03/2019 $0.008 $11.84
07/31/2019 Monthly 07/31/2019 07/31/2019 08/01/2019 $0.002 $11.94
06/30/2019 Monthly 06/30/2019 06/30/2019 07/01/2019 $0.016 $12.00
05/31/2019 Monthly 05/31/2019 05/31/2019 06/03/2019 $0.028 $11.55
04/30/2019 Monthly 04/30/2019 04/30/2019 05/01/2019 $0.027 $11.94
03/29/2019 Monthly 03/29/2019 03/29/2019 04/01/2019 $0.024 $11.82
02/28/2019 Monthly 02/28/2019 02/28/2019 03/01/2019 $0.011 $11.78
01/31/2019 Monthly 01/31/2019 01/31/2019 02/01/2019 $0.004 $11.59
12/31/2018 Monthly 12/31/2018 12/31/2018 01/02/2019 $0.013 $11.06
11/30/2018 Monthly 11/30/2018 11/30/2018 12/03/2018 $0.010 $11.42
10/31/2018 Monthly 10/31/2018 10/31/2018 11/01/2018 $0.005 $11.42
09/28/2018 Monthly 09/28/2018 09/28/2018 10/01/2018 $0.021 $11.88
08/31/2018 Monthly 08/31/2018 08/31/2018 09/04/2018 $0.015 $11.87
07/31/2018 Monthly 07/31/2018 07/31/2018 08/01/2018 $0.004 $12.00
06/29/2018 Monthly 06/29/2018 06/29/2018 07/02/2018 $0.015 $11.82
05/31/2018 Monthly 05/31/2018 05/31/2018 06/01/2018 $0.037 $11.93
04/30/2018 Monthly 04/30/2018 04/30/2018 05/01/2018 $0.023 $11.94
03/29/2018 Monthly 03/29/2018 03/29/2018 04/02/2018 $0.022 $11.96
02/28/2018 Monthly 02/28/2018 02/28/2018 03/01/2018 $0.013 $12.00
01/31/2018 Monthly 01/31/2018 01/31/2018 02/01/2018 $0.001 $12.39
12/29/2017 Monthly 12/29/2017 12/29/2017 01/02/2018 $0.024 $12.10
11/30/2017 Monthly 11/30/2017 11/30/2017 12/01/2017 $0.023 $12.06
10/31/2017 Monthly 10/31/2017 10/31/2017 11/01/2017 $0.010 $12.02
09/29/2017 Monthly 09/29/2017 09/29/2017 10/02/2017 $0.019 $11.91
08/31/2017 Monthly 08/31/2017 08/31/2017 09/01/2017 $0.014 $11.78
07/31/2017 Monthly 07/31/2017 07/31/2017 08/01/2017 $0.008 $11.80
06/30/2017 Monthly 06/30/2017 06/30/2017 07/03/2017 $0.013 $11.72
05/31/2017 Monthly 05/31/2017 05/31/2017 06/01/2017 $0.040 $11.68
04/28/2017 Monthly 04/28/2017 04/28/2017 05/01/2017 $0.017 $11.54
03/31/2017 Quarterly 03/31/2017 03/31/2017 04/03/2017 $0.049 $11.42
12/30/2016 Quarterly 12/30/2016 12/30/2016 01/03/2017 $0.043 $10.99
09/30/2016 Quarterly 09/30/2016 09/30/2016 10/03/2016 $0.052 $11.09
06/30/2016 Quarterly 06/30/2016 06/30/2016 07/01/2016 $0.092 $10.71
03/31/2016 Quarterly 03/31/2016 03/31/2016 04/01/2016 $0.074 $10.54
12/31/2015 Quarterly 12/31/2015 12/31/2015 01/04/2016 $0.041 $10.30
09/30/2015 Quarterly 09/30/2015 09/30/2015 10/01/2015 $0.058 $10.27
06/30/2015 Quarterly 06/30/2015 06/30/2015 07/01/2015 $0.092 $11.01
03/31/2015 Quarterly 03/31/2015 03/31/2015 04/01/2015 $0.072 $11.06
12/31/2014 Quarterly 12/31/2014 12/31/2014 01/02/2015 $0.066 $10.89
09/30/2014 Quarterly 09/30/2014 09/30/2014 10/01/2014 $0.058 $11.50
06/30/2014 Quarterly 06/30/2014 06/30/2014 07/01/2014 $0.100 $12.03
03/31/2014 Quarterly 03/31/2014 03/31/2014 04/01/2014 $0.070 $11.68
12/31/2013 Quarterly 12/31/2013 12/31/2013 01/02/2014 $0.083 $11.27
09/30/2013 Quarterly 09/30/2013 09/30/2013 10/01/2013 $0.065 $10.95
06/28/2013 Quarterly 06/28/2013 06/28/2013 07/01/2013 $0.115 $10.50
03/26/2013 Quarterly 03/27/2013 03/27/2013 03/28/2013 $0.035 $10.70
12/26/2012 Quarterly 12/27/2012 12/27/2012 12/28/2012 $0.063 $10.42
09/24/2012 Quarterly 09/25/2012 09/25/2012 09/26/2012 $0.052 $10.36
06/25/2012 Quarterly 06/26/2012 06/26/2012 06/27/2012 $0.045 $9.60
02/29/2024 Monthly 02/29/2024 02/29/2024 03/01/2024 $0.018 $12.65
01/31/2024 Monthly 01/31/2024 02/01/2024 02/01/2024 $0.008 $12.75
12/29/2023 Monthly 12/29/2023 12/29/2023 01/02/2024 $0.044 $12.68
11/30/2023 Monthly 11/30/2023 11/30/2023 12/01/2023 $0.020 $12.33
10/31/2023 Monthly 10/31/2023 10/31/2023 11/01/2023 $0.013 $11.84
09/29/2023 Monthly 09/29/2023 09/29/2023 10/02/2023 $0.032 $12.21
08/31/2023 Monthly 08/31/2023 08/31/2023 09/01/2023 $0.024 $12.57
07/31/2023 Monthly 07/31/2023 07/31/2023 08/01/2023 $0.016 $12.82
06/30/2023 Monthly 06/30/2023 06/30/2023 07/03/2023 $0.022 $12.62
05/31/2023 Monthly 05/31/2023 05/31/2023 06/01/2023 $0.044 $12.29
04/28/2023 Monthly 04/28/2023 04/28/2023 05/01/2023 $0.028 $12.77
03/31/2023 Monthly 03/31/2023 03/31/2023 04/03/2023 $0.048 $12.53
02/28/2023 Monthly 02/28/2023 02/28/2023 03/01/2023 $0.018 $12.37
01/31/2023 Monthly 01/31/2023 01/31/2023 02/01/2023 $0.009 $12.75
12/30/2022 Monthly 12/30/2022 12/30/2022 01/03/2023 $0.042 $12.10
11/30/2022 Monthly 11/30/2022 11/30/2022 12/01/2022 $0.019 $12.31
10/31/2022 Monthly 10/31/2022 10/31/2022 11/01/2022 $0.011 $11.56
09/30/2022 Monthly 09/30/2022 09/30/2022 10/03/2022 $0.029 $11.02
08/31/2022 Monthly 08/31/2022 08/31/2022 09/01/2022 $0.027 $11.80
07/29/2022 Monthly 07/29/2022 07/29/2022 08/01/2022 $0.010 $12.27
06/30/2022 Monthly 06/30/2022 06/30/2022 07/01/2022 $0.026 $11.85
05/31/2022 Monthly 05/31/2022 05/31/2022 06/01/2022 $0.046 $12.67
04/29/2022 Monthly 04/29/2022 04/29/2022 05/02/2022 $0.050 $12.45
03/31/2022 Monthly 03/31/2022 03/31/2022 04/01/2022 $0.040 $12.83
02/28/2022 Monthly 02/28/2022 02/28/2022 03/01/2022 $0.018 $12.92
01/31/2022 Monthly 01/31/2022 01/31/2022 02/01/2022 $0.005 $13.00
12/31/2021 Monthly 12/31/2021 12/31/2021 01/03/2022 $0.032 $12.93
11/30/2021 Special distribution 12/01/2021 12/01/2021 12/02/2021 $0.186 $12.43
11/30/2021 Monthly 11/30/2021 11/30/2021 12/01/2021 $0.025 $13.02
10/29/2021 Monthly 10/29/2021 10/29/2021 11/01/2021 $0.016 $13.48
09/30/2021 Monthly 09/30/2021 09/30/2021 10/01/2021 $0.032 $13.10
08/31/2021 Monthly 08/31/2021 08/31/2021 09/01/2021 $0.022 $13.49
07/30/2021 Monthly 07/30/2021 07/30/2021 08/02/2021 $0.012 $13.57
06/30/2021 Monthly 06/30/2021 06/30/2021 07/01/2021 $0.011 $13.57
05/28/2021 Monthly 05/28/2021 05/28/2021 06/01/2021 $0.047 $13.69
04/30/2021 Monthly 04/30/2021 04/30/2021 05/03/2021 $0.025 $13.29
03/31/2021 Monthly 03/31/2021 03/31/2021 04/01/2021 $0.036 $12.90
02/26/2021 Monthly 02/26/2021 02/26/2021 03/01/2021 $0.018 $12.49
01/29/2021 Monthly 01/29/2021 01/29/2021 02/01/2021 $0.007 $12.43
12/31/2020 Monthly 12/31/2020 12/31/2020 01/04/2021 $0.053 $12.56
11/30/2020 Monthly 11/30/2020 11/30/2020 12/01/2020 $0.012 $12.36
10/30/2020 Monthly 10/30/2020 10/30/2020 11/02/2020 $0.014 $11.45
09/30/2020 Monthly 09/30/2020 09/30/2020 10/01/2020 $0.024 $11.70
08/31/2020 Monthly 08/31/2020 08/31/2020 09/01/2020 $0.020 $11.93
07/31/2020 Monthly 07/31/2020 07/31/2020 08/03/2020 $0.018 $11.74
06/30/2020 Monthly 06/30/2020 06/30/2020 07/01/2020 $0.022 $11.38
05/29/2020 Monthly 05/29/2020 05/29/2020 06/01/2020 $0.031 $11.24
04/30/2020 Monthly 04/30/2020 04/30/2020 05/01/2020 $0.017 $11.09
03/31/2020 Monthly 03/31/2020 03/31/2020 04/01/2020 $0.022 $10.38
02/28/2020 Monthly 02/28/2020 02/28/2020 03/02/2020 $0.022 $11.53
01/31/2020 Monthly 01/31/2020 01/31/2020 02/03/2020 $0.009 $12.12
12/31/2019 Monthly 12/31/2019 12/31/2019 01/02/2020 $0.021 $12.39
11/29/2019 Monthly 11/29/2019 11/29/2019 12/02/2019 $0.012 $12.17
10/31/2019 Monthly 10/31/2019 10/31/2019 11/01/2019 $0.011 $12.12
09/30/2019 Monthly 09/30/2019 09/30/2019 10/01/2019 $0.028 $11.98
08/30/2019 Monthly 08/30/2019 08/30/2019 09/03/2019 $0.020 $11.85
07/31/2019 Monthly 07/31/2019 07/31/2019 08/01/2019 $0.011 $11.94
06/30/2019 Monthly 06/30/2019 06/30/2019 07/01/2019 $0.026 $12.01
05/31/2019 Monthly 05/31/2019 05/31/2019 06/03/2019 $0.038 $11.56
04/30/2019 Monthly 04/30/2019 04/30/2019 05/01/2019 $0.037 $11.95
03/29/2019 Monthly 03/29/2019 03/29/2019 04/01/2019 $0.033 $11.82
02/28/2019 Monthly 02/28/2019 02/28/2019 03/01/2019 $0.020 $11.78
01/31/2019 Monthly 01/31/2019 01/31/2019 02/01/2019 $0.014 $11.59
12/31/2018 Monthly 12/31/2018 12/31/2018 01/02/2019 $0.022 $11.07
11/30/2018 Monthly 11/30/2018 11/30/2018 12/03/2018 $0.020 $11.43
10/31/2018 Monthly 10/31/2018 10/31/2018 11/01/2018 $0.015 $11.43
09/28/2018 Monthly 09/28/2018 09/28/2018 10/01/2018 $0.031 $11.88
08/31/2018 Monthly 08/31/2018 08/31/2018 09/04/2018 $0.025 $11.87
07/31/2018 Monthly 07/31/2018 07/31/2018 08/01/2018 $0.014 $12.01
06/29/2018 Monthly 06/29/2018 06/29/2018 07/02/2018 $0.025 $11.83
05/31/2018 Monthly 05/31/2018 05/31/2018 06/01/2018 $0.047 $11.93
04/30/2018 Monthly 04/30/2018 04/30/2018 05/01/2018 $0.034 $11.94
03/29/2018 Monthly 03/29/2018 03/29/2018 04/02/2018 $0.032 $11.96
02/28/2018 Monthly 02/28/2018 02/28/2018 03/01/2018 $0.022 $12.01
01/31/2018 Monthly 01/31/2018 01/31/2018 02/01/2018 $0.011 $12.40
12/29/2017 Monthly 12/29/2017 12/29/2017 01/02/2018 $0.035 $12.10
11/30/2017 Monthly 11/30/2017 11/30/2017 12/01/2017 $0.033 $12.07
10/31/2017 Monthly 10/31/2017 10/31/2017 11/01/2017 $0.020 $12.02
09/29/2017 Monthly 09/29/2017 09/29/2017 10/02/2017 $0.029 $11.92
08/31/2017 Monthly 08/31/2017 08/31/2017 09/01/2017 $0.024 $11.79
07/31/2017 Monthly 07/31/2017 07/31/2017 08/01/2017 $0.018 $11.80
06/30/2017 Monthly 06/30/2017 06/30/2017 07/03/2017 $0.022 $11.72
05/31/2017 Monthly 05/31/2017 05/31/2017 06/01/2017 $0.050 $11.69
04/28/2017 Monthly 04/28/2017 04/28/2017 05/01/2017 $0.027 $11.54
03/31/2017 Quarterly 03/31/2017 03/31/2017 04/03/2017 $0.077 $11.43
12/30/2016 Quarterly 12/30/2016 12/30/2016 01/03/2017 $0.071 $10.99
09/30/2016 Quarterly 09/30/2016 09/30/2016 10/03/2016 $0.081 $11.09
06/30/2016 Quarterly 06/30/2016 06/30/2016 07/01/2016 $0.120 $10.72
03/31/2016 Quarterly 03/31/2016 03/31/2016 04/01/2016 $0.100 $10.54
12/31/2015 Quarterly 12/31/2015 12/31/2015 01/04/2016 $0.068 $10.31
09/30/2015 Quarterly 09/30/2015 09/30/2015 10/01/2015 $0.087 $10.27
06/30/2015 Quarterly 06/30/2015 06/30/2015 07/01/2015 $0.121 $11.01
03/31/2015 Quarterly 03/31/2015 03/31/2015 04/01/2015 $0.100 $11.06
12/31/2014 Quarterly 12/31/2014 12/31/2014 01/02/2015 $0.092 $10.90
09/30/2014 Quarterly 09/30/2014 09/30/2014 10/01/2014 $0.086 $11.51
06/30/2014 Quarterly 06/30/2014 06/30/2014 07/01/2014 $0.130 $12.04
03/31/2014 Quarterly 03/31/2014 03/31/2014 04/01/2014 $0.098 $11.68
12/31/2013 Quarterly 12/31/2013 12/31/2013 01/02/2014 $0.111 $11.27
09/30/2013 Quarterly 09/30/2013 09/30/2013 10/01/2013 $0.093 $10.95
06/28/2013 Quarterly 06/28/2013 06/28/2013 07/01/2013 $0.142 $10.50
03/26/2013 Quarterly 03/27/2013 03/27/2013 03/28/2013 $0.056 $10.70
12/26/2012 Quarterly 12/27/2012 12/27/2012 12/28/2012 $0.114 $10.42
09/24/2012 Quarterly 09/25/2012 09/25/2012 09/26/2012 $0.066 $10.38
06/25/2012 Quarterly 06/26/2012 06/26/2012 06/27/2012 $0.053 $9.61
02/29/2024 Monthly 02/29/2024 02/29/2024 03/01/2024 $0.019 $12.63
01/31/2024 Monthly 01/31/2024 02/01/2024 02/01/2024 $0.008 $12.73
12/29/2023 Monthly 12/29/2023 12/29/2023 01/02/2024 $0.045 $12.66
11/30/2023 Monthly 11/30/2023 11/30/2023 12/01/2023 $0.021 $12.31
10/31/2023 Monthly 10/31/2023 10/31/2023 11/01/2023 $0.014 $11.82
09/29/2023 Monthly 09/29/2023 09/29/2023 10/02/2023 $0.032 $12.19
08/31/2023 Monthly 08/31/2023 08/31/2023 09/01/2023 $0.025 $12.55
07/31/2023 Monthly 07/31/2023 07/31/2023 08/01/2023 $0.016 $12.80
06/30/2023 Monthly 06/30/2023 06/30/2023 07/03/2023 $0.023 $12.60
05/31/2023 Monthly 05/31/2023 05/31/2023 06/01/2023 $0.045 $12.27
04/28/2023 Monthly 04/28/2023 04/28/2023 05/01/2023 $0.028 $12.75
03/31/2023 Monthly 03/31/2023 03/31/2023 04/03/2023 $0.048 $12.51
02/28/2023 Monthly 02/28/2023 02/28/2023 03/01/2023 $0.018 $12.35
01/31/2023 Monthly 01/31/2023 01/31/2023 02/01/2023 $0.009 $12.73
12/30/2022 Monthly 12/30/2022 12/30/2022 01/03/2023 $0.043 $12.08
11/30/2022 Monthly 11/30/2022 11/30/2022 12/01/2022 $0.020 $12.29
10/31/2022 Monthly 10/31/2022 10/31/2022 11/01/2022 $0.011 $11.55
09/30/2022 Monthly 09/30/2022 09/30/2022 10/03/2022 $0.029 $11.01
08/31/2022 Monthly 08/31/2022 08/31/2022 09/01/2022 $0.027 $11.78
07/29/2022 Monthly 07/29/2022 07/29/2022 08/01/2022 $0.011 $12.26
06/30/2022 Monthly 06/30/2022 06/30/2022 07/01/2022 $0.027 $11.83
05/31/2022 Monthly 05/31/2022 05/31/2022 06/01/2022 $0.046 $12.65
04/29/2022 Monthly 04/29/2022 04/29/2022 05/02/2022 $0.051 $12.43
03/31/2022 Monthly 03/31/2022 03/31/2022 04/01/2022 $0.040 $12.81
02/28/2022 Monthly 02/28/2022 02/28/2022 03/01/2022 $0.019 $12.90
01/31/2022 Monthly 01/31/2022 01/31/2022 02/01/2022 $0.006 $12.98
12/31/2021 Monthly 12/31/2021 12/31/2021 01/03/2022 $0.036 $12.91
11/30/2021 Special distribution 12/01/2021 12/01/2021 12/02/2021 $0.194 $12.41
11/30/2021 Monthly 11/30/2021 11/30/2021 12/01/2021 $0.026 $13.01
10/29/2021 Monthly 10/29/2021 10/29/2021 11/01/2021 $0.017 $13.47
09/30/2021 Monthly 09/30/2021 09/30/2021 10/01/2021 $0.035 $13.09
08/31/2021 Monthly 08/31/2021 08/31/2021 09/01/2021 $0.023 $13.48
07/30/2021 Monthly 07/30/2021 07/30/2021 08/02/2021 $0.013 $13.56
06/30/2021 Monthly 06/30/2021 06/30/2021 07/01/2021 $0.012 $13.56
05/28/2021 Monthly 05/28/2021 05/28/2021 06/01/2021 $0.048 $13.69
04/30/2021 Monthly 04/30/2021 04/30/2021 05/03/2021 $0.026 $13.28
03/31/2021 Monthly 03/31/2021 03/31/2021 04/01/2021 $0.037 $12.89
02/26/2021 Monthly 02/26/2021 02/26/2021 03/01/2021 $0.019 $12.48
01/29/2021 Monthly 01/29/2021 01/29/2021 02/01/2021 $0.007 $12.42
12/31/2020 Monthly 12/31/2020 12/31/2020 01/04/2021 $0.054 $12.56
11/30/2020 Monthly 11/30/2020 11/30/2020 12/01/2020 $0.012 $12.35
10/30/2020 Monthly 10/30/2020 10/30/2020 11/02/2020 $0.014 $11.44
09/30/2020 Monthly 09/30/2020 09/30/2020 10/01/2020 $0.024 $11.69
08/31/2020 Monthly 08/31/2020 08/31/2020 09/01/2020 $0.020 $11.92
07/31/2020 Monthly 07/31/2020 07/31/2020 08/03/2020 $0.018 $11.73
06/30/2020 Monthly 06/30/2020 06/30/2020 07/01/2020 $0.023 $11.38
05/29/2020 Monthly 05/29/2020 05/29/2020 06/01/2020 $0.031 $11.23
04/30/2020 Monthly 04/30/2020 04/30/2020 05/01/2020 $0.016 $11.08
03/31/2020 Monthly 03/31/2020 03/31/2020 04/01/2020 $0.021 $10.37
02/28/2020 Monthly 02/28/2020 02/28/2020 03/02/2020 $0.021 $11.52
01/31/2020 Monthly 01/31/2020 01/31/2020 02/03/2020 $0.010 $12.12
12/31/2019 Monthly 12/31/2019 12/31/2019 01/02/2020 $0.021 $12.38
11/29/2019 Monthly 11/29/2019 11/29/2019 12/02/2019 $0.012 $12.16
10/31/2019 Monthly 10/31/2019 10/31/2019 11/01/2019 $0.011 $12.11
09/30/2019 Monthly 09/30/2019 09/30/2019 10/01/2019 $0.028 $11.97
08/30/2019 Monthly 08/30/2019 08/30/2019 09/03/2019 $0.020 $11.84
07/31/2019 Monthly 07/31/2019 07/31/2019 08/01/2019 $0.011 $11.94
06/30/2019 Monthly 06/30/2019 06/30/2019 07/01/2019 $0.025 $12.00
05/31/2019 Monthly 05/31/2019 05/31/2019 06/03/2019 $0.037 $11.55
04/30/2019 Monthly 04/30/2019 04/30/2019 05/01/2019 $0.037 $11.94
03/29/2019 Monthly 03/29/2019 03/29/2019 04/01/2019 $0.034 $11.81
02/28/2019 Monthly 02/28/2019 02/28/2019 03/01/2019 $0.021 $11.78
01/31/2019 Monthly 01/31/2019 01/31/2019 02/01/2019 $0.014 $11.58
12/31/2018 Monthly 12/31/2018 12/31/2018 01/02/2019 $0.023 $11.06
11/30/2018 Monthly 11/30/2018 11/30/2018 12/03/2018 $0.020 $11.42
10/31/2018 Monthly 10/31/2018 10/31/2018 11/01/2018 $0.015 $11.42
09/28/2018 Monthly 09/28/2018 09/28/2018 10/01/2018 $0.031 $11.87
08/31/2018 Monthly 08/31/2018 08/31/2018 09/04/2018 $0.025 $11.87
07/31/2018 Monthly 07/31/2018 07/31/2018 08/01/2018 $0.014 $12.00
06/29/2018 Monthly 06/29/2018 06/29/2018 07/02/2018 $0.025 $11.82
05/31/2018 Monthly 05/31/2018 05/31/2018 06/01/2018 $0.047 $11.93
04/30/2018 Monthly 04/30/2018 04/30/2018 05/01/2018 $0.034 $11.93
03/29/2018 Monthly 03/29/2018 03/29/2018 04/02/2018 $0.032 $11.96
02/28/2018 Monthly 02/28/2018 02/28/2018 03/01/2018 $0.023 $12.00
01/31/2018 Monthly 01/31/2018 01/31/2018 02/01/2018 $0.012 $12.39
12/29/2017 Monthly 12/29/2017 12/29/2017 01/02/2018 $0.035 $12.10
11/30/2017 Monthly 11/30/2017 11/30/2017 12/01/2017 $0.034 $12.06
10/31/2017 Monthly 10/31/2017 10/31/2017 11/01/2017 $0.020 $12.01
09/29/2017 Monthly 09/29/2017 09/29/2017 10/02/2017 $0.029 $11.91
08/31/2017 Monthly 08/31/2017 08/31/2017 09/01/2017 $0.025 $11.78
07/31/2017 Monthly 07/31/2017 07/31/2017 08/01/2017 $0.018 $11.80
06/30/2017 Monthly 06/30/2017 06/30/2017 07/03/2017 $0.023 $11.72
05/31/2017 Monthly 05/31/2017 05/31/2017 06/01/2017 $0.050 $11.68
04/28/2017 Monthly 04/28/2017 04/28/2017 05/01/2017 $0.027 $11.54
03/31/2017 Quarterly 03/31/2017 03/31/2017 04/03/2017 $0.034 $11.42
Record DateEx & Reinvestment DatePayable DateOrdinary IncomeShort Term Capital GainsLong Term Capital GainsLong Term Capital Gains - 28%Total Distribution
12/04/2023 12/05/2023 12/06/2023 $0.000 $0.000 $0.000 $0.000 $0.000
10/27/2023 10/30/2023 10/31/2023 $0.000 $0.000 $0.102 $0.000 $0.1021
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.086 $0.000 $0.086
11/30/2021 12/01/2021 12/02/2021 $0.157 $0.051 $0.343 $0.000 $0.551
11/30/2020 12/01/2020 12/02/2020 N/A $0.000 $0.127 $0.000 $0.127
12/17/2019 12/18/2019 12/19/2019 N/A $0.000 $0.039 $0.000 $0.039
12/11/2018 12/12/2018 12/13/2018 N/A $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 N/A $0.000 $0.000 $0.000 $0.000
12/13/2016 12/14/2016 12/15/2016 N/A $0.000 $0.000 $0.000 $0.000
12/16/2015 12/17/2015 12/18/2015 N/A $0.000 $0.000 $0.000 $0.000
12/15/2014 12/16/2014 12/17/2014 N/A $0.037 $0.112 $0.000 $0.149
12/16/2013 12/17/2013 12/18/2013 N/A $0.000 $0.000 $0.000 $0.000
12/12/2012 12/13/2012 12/14/2012 N/A $0.000 $0.000 $0.000 $0.000
12/04/2023 12/05/2023 12/06/2023 $0.000 $0.000 $0.000 $0.000 $0.000
10/27/2023 10/30/2023 10/31/2023 $0.000 $0.000 $0.102 $0.000 $0.1021
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.086 $0.000 $0.086
11/30/2021 12/01/2021 12/02/2021 $0.028 $0.051 $0.343 $0.000 $0.422
11/30/2020 12/01/2020 12/02/2020 N/A $0.000 $0.127 $0.000 $0.127
12/17/2019 12/18/2019 12/19/2019 N/A $0.000 $0.039 $0.000 $0.039
12/11/2018 12/12/2018 12/13/2018 N/A $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 N/A $0.000 $0.000 $0.000 $0.000
12/13/2016 12/14/2016 12/15/2016 N/A $0.000 $0.000 $0.000 $0.000
12/16/2015 12/17/2015 12/18/2015 N/A $0.000 $0.000 $0.000 $0.000
12/15/2014 12/16/2014 12/17/2014 N/A $0.037 $0.112 $0.000 $0.149
12/16/2013 12/17/2013 12/18/2013 N/A $0.000 $0.000 $0.000 $0.000
12/12/2012 12/13/2012 12/14/2012 N/A $0.000 $0.000 $0.000 $0.000
12/04/2023 12/05/2023 12/06/2023 $0.000 $0.000 $0.000 $0.000 $0.000
10/27/2023 10/30/2023 10/31/2023 $0.000 $0.000 $0.102 $0.000 $0.1021
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.086 $0.000 $0.086
11/30/2021 12/01/2021 12/02/2021 $0.186 $0.051 $0.343 $0.000 $0.580
11/30/2020 12/01/2020 12/02/2020 N/A $0.000 $0.127 $0.000 $0.127
12/17/2019 12/18/2019 12/19/2019 N/A $0.000 $0.039 $0.000 $0.039
12/11/2018 12/12/2018 12/13/2018 N/A $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 N/A $0.000 $0.000 $0.000 $0.000
12/13/2016 12/14/2016 12/15/2016 N/A $0.000 $0.000 $0.000 $0.000
12/16/2015 12/17/2015 12/18/2015 N/A $0.000 $0.000 $0.000 $0.000
12/15/2014 12/16/2014 12/17/2014 N/A $0.037 $0.112 $0.000 $0.149
12/16/2013 12/17/2013 12/18/2013 N/A $0.000 $0.000 $0.000 $0.000
12/12/2012 12/13/2012 12/14/2012 N/A $0.000 $0.000 $0.000 $0.000
12/04/2023 12/05/2023 12/06/2023 $0.000 $0.000 $0.000 $0.000 $0.000
10/27/2023 10/30/2023 10/31/2023 $0.000 $0.000 $0.102 $0.000 $0.1021
11/30/2022 12/01/2022 12/02/2022 $0.000 $0.000 $0.086 $0.000 $0.086
11/30/2021 12/01/2021 12/02/2021 $0.194 $0.051 $0.343 $0.000 $0.588
11/30/2020 12/01/2020 12/02/2020 N/A $0.000 $0.127 $0.000 $0.127
12/17/2019 12/18/2019 12/19/2019 N/A $0.000 $0.039 $0.000 $0.039
12/11/2018 12/12/2018 12/13/2018 N/A $0.000 $0.000 $0.000 $0.000
12/12/2017 12/13/2017 12/14/2017 N/A $0.000 $0.000 $0.000 $0.000
  1. 1

    The Global Income Builder Fund is making a one-time special distribution to pay out the Fund’s long term capital gains for the fiscal year end 2022.

  2. Ordinary income distributions are distributed at the class level and will vary by class.

  3. Collectibles gains, such as gains from gold bullion, held for greater than one year currently are subject to a 28% tax rate. Collectibles gains held for less than one year are taxable to U.S. shareholders as short-term gains.

  4. "Reinvested at" is the share price used to calculate the number of shares added to an account if a shareholder reinvests dividends or capital gains.

Fund Information

Portfolio Composition
Holdings
Fact Sheet
Annual Report
Investor Guide
19A-Notice
Dealer Fact Guide

Commentaries

Quarterly Commentary
  1. The prospectus and summary prospectus may be viewed online or by calling us at 800-747-2008. Please read our prospectus carefully before investing.  Investments are not FDIC insured or bank guaranteed and may lose value.

  2. FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.

  1. Risk Disclosures

  2. All investments involve the risk of loss of principal.

  3. There are risks associated with investing in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates.

  4. Investments in bonds are subject to interest-rate risk and can lose principal value when interest rates rise. Bonds are also subject to credit risk, in which the bond issuer may fail to pay interest and principal in a timely manner, or that negative perception of the issuer's ability to make such payments may cause the price of that bond to decline. Recent market conditions and events, including a global public health crisis and actions taken by governments in response, may exacerbate these risks.

  5. High yield securities (commonly known as "junk bonds") which are generally considered speculative because they may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade securities and may be subject to greater volatility. The Funds invest in high yield securities that 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.

  6. 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.

  7. Income generation is not guaranteed. If dividend paying stocks in the Fund's portfolio stop paying or reduce dividends, The Fund's ability to generate income will be adversely affected.

  8. Investment in gold and gold-related investments present certain risks and returns on gold related investments have traditionally been more volatile than investments in broader equity or debt markets.

  9. Diversification does not guarantee investment returns and does not eliminate the risk of loss.

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New York, NY 10105

212-698-3300

  1. Investors should consider investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the Funds and may be viewed online or calling us at 800.747.2008. Please read the prospectus carefully before investing. Investments are not FDIC insured or bank guaranteed and may lose value.

  2. FEF Distributors, LLC (“FEFD”) (SIPC), a limited purpose broker-dealer, distributes certain First Eagle products. FEFD does not provide services to any investor, but rather provides services to its First Eagle affiliates. As such, when FEFD presents a fund, strategy, or other product to a prospective investor, FEFD and its representatives do not determine whether an investment in the fund, strategy or other product is in the best interests of, or is otherwise beneficial or suitable for, the investor. No statement by FEFD should be construed as a recommendation. Investors should exercise their own judgment and/or consult with a financial professional to determine whether it is advisable for the investor to invest in any First Eagle fund, strategy, or product.

  3. The First Eagle Funds are offered by FEF Distributors, LLC, a subsidiary of First Eagle Investment Management, LLC, which provides advisory services.

  4. Check the background of FEF Distributors, LLC (Member SIPC) on FINRA's BrokerCheck.