First Eagle US Value I  FEVIX
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Large Blend Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Blend
  
  
As of 2009-08-31
Day Change
$ -0.01
  
NAV (2009-11-10)
$ 14.92
  
YTD Return % (2009-11-10)
22.70%
  
Total Assets ($ mil)
1,051
View Data Definitions
  Performance    
Growth of $10,000 Fund: First Eagle US Value I
(from 2001-09-04 to 2009-10-31) Category: Large Blend
Index: S&P 500 TR
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-10
Inception date: 2001-09-04 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-10
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 22.62 39.94 1.48 5.10 --- 8.75
+/- Category 3.97 28.08 8.26 4.61 --- ---
+/- S&P 500 TR -0.90 -8.86 7.38 4.42 --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 19.41 -0.73 2.15 5.72 --- 8.99
Month-End (as of 2009-10-31) 18.17 14.78 0.72 5.08 --- 8.75
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 13.83 -0.49 3.91 --- ---
On Distribution & Sale of Shares --- 9.69 0.15 3.86 --- ---
Morningstar Rating --- --- --- ---
# of compared funds covered (3 yrs : out of 1694 funds), (5 yrs : out of 1352 funds), (10 yrs : out of funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 23.11
Software 5.61
Hardware 9.01
Media 8.49
Telecommunications 0.00
Service 51.42
Healthcare 9.88
Consumer Services 12.47
Business Services 9.77
Financial Services 19.30
Manufacturing 25.47
Consumer Goods 2.20
Industrial Materials 11.53
Energy 10.72
Utilities 1.02
Asset Allocation
% of Net Assets
Cash 19.4
Stocks 60.1
Bonds 13.8
Other 6.8
Foreign Stocks 5.5
(as a % of Assets)
Data through 2009-08-31 Data through 2009-08-31
 
Holding Status
Total Number of Stock Holdings 50 Turnover % 22
Total Number of Bond Holdings 19 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 28.97 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
Gold Commodity in Ounces --- --- --- 5.20
Cintas Corporation 11.09 22.38 3.39
US Treasury Note 1.875% --- --- --- 3.29
Sanofi-Aventis ADR 15.75 21.54 2.97
American Express Company 7.48 124.53 2.61
Microsoft Corporation 10.42 55.04 2.52
Home Depot, Inc. 12.97 21.00 2.40
Berkshire Hathaway Inc. A 29.94 6.88 2.31
3M Company 11.76 36.74 2.18
Apache Corporation 35.71 30.24 2.10
Data through 2009-08-31
YTD Return through 2009-11-20
  Other Information
Fund Inception: 2001-09-04
Portfolio Manager  (Start Date)
Abhay Deshpande  (2007-09-30)
Abhay Deshpande joined Arnhold and S. Bleichroeder Advisers, LLCin 2000. Mr. Deshpande was a senior member of the research group of the firm’s Global Value Team which manages the firm’s U.S. Mutual Funds. Among other industries, he covered the energy, base metals, retail, media, and technology industries during his tenure with this team. In March of 2005, Mr. Deshpande left the Global Value Team in order to manage a separate account, funded primarily by firm assets, in a style substantially similar to the Global Value accounts. In September 2007, he returned to the Global Value Group as Associate Portfolio Manager. Prior to joining Arnhold and S. Bleichroeder Advisers, Mr. Deshpande spent three years as a research analyst with Harris Associates, advisers to the OakmarkInternational Fund and other international and global products.A graduate of the University of Louisville, Mr. Deshpande holds the Chartered Financial Analyst (CFA) designation.
Matthew B. McLennan  (2008-09-12)
McLennan is the Co-Portfolio Manager of the Global, Overseas and Overseas Variable Funds and Lead of the Global Value Team. He was a vice president and senior portfolio manager for the US active equity value investment team with Goldman Sachs Asset Management. Prior to joining the firm in 1994, McLennan worked in Goldman Sach's Investment Banking Division in Australia.
Sales Charge %
(taken from prospectus dated 2009-03-01)
Front: None
Deferred: None
Expense Ratio % 0.95
based on net assets
(taken from annual report dated 2008-10-31)
Correspondence Information

1345 Avenue of the Americas
New York,  NY  10105
United States
Telephone:
800-334-2143
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.