Distinguishing Value from Valuation

At First Eagle, we subscribe to a notion once put forth by renowned investor Warren Buffet: “Price is what you pay; value is what you get.” By first defining the fundamental character of a business—the tangible and intangible assets that comprise it—before attempting to attach a price to its stock, First Eagle Global Fund and First Eagle Overseas Fund seeks to uncover this value and to selectively construct a portfolio that offers an investment experience differentiated from traditional indexes.

Global Fund

Overseas Fund

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