First Eagle Investment Management Launches Suite of Retirement Share Classes for its Mutual Funds
NEW YORK—(March 1, 2017)— First Eagle Investment Management (“First Eagle”) today announced that it has launched a suite of retirement share classes for its mutual fund line-up. The new R3, R4, R5 and R6 shares, available for purchase on March 1, 2017, represent a transparent and complementary menu of pricing options from which retirement plan fiduciaries can choose the share class most suited to the needs of their plan.
The new retirement share classes are available without investment minimums or front-end sales charges and offer varying levels of intermediary compensation, including 12b-1 and sub-TA fees. The R6 shares do not include any form of intermediary compensation and represent the lowest-cost offering among the newly launched shares.
“By introducing share classes that are dedicated to group retirement plans, we are continuing our commitment to this important market,” said Mike Rosenberg, head of Retirement Investment Solutions at First Eagle. “I am excited that plan fiduciaries will have access to our investment solutions through share classes of their choice that address their specific needs. This brings us a step closer in our quest to help American savers with investment strategies that aim to deliver attractive returns, preserve purchasing power and provide downside protection.”
First Eagle created a dedicated retirement effort in November 2016 with the goal of helping American retirement savers reach their investment goals. The Retirement Investment Solutions group closely partners with financial advisors, investment consultants and retirement plan recordkeepers to provide investment solutions to plan sponsors, plan participants and individual retirement savers.
About First Eagle Investment Management
First Eagle is an independent investment management firm that manages approximately $97 billion in assets (as of 12/31/16) on behalf of institutional and individual clients. With the core purpose of providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong focus on downside protection. First Eagle’s investment capabilities include equity, fixed income and multi-asset strategies. Over a long history dating back to 1864, First Eagle has helped its clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles—a tradition that is central to its mission today. First Eagle Investment Management is the adviser to First Eagle Funds. For more information, please visit www.feim.com.
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