0000930413-14-001704.txt : 20140521 0000930413-14-001704.hdr.sgml : 20140521 20140410115908 ACCESSION NUMBER: 0000930413-14-001704 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20140410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST EAGLE FUNDS CENTRAL INDEX KEY: 0000906352 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-698-3393 MAIL ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: FIRST EAGLE FUNDS INC DATE OF NAME CHANGE: 20030103 FORMER COMPANY: FORMER CONFORMED NAME: FIRST EAGLE SOGEN FUNDS INC DATE OF NAME CHANGE: 20000403 FORMER COMPANY: FORMER CONFORMED NAME: SOGEN FUNDS INC DATE OF NAME CHANGE: 19930714 CORRESP 1 filename1.htm

 

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ngreene@shearman.com
(212) 848-4668		 April 10, 2014

 

 

Kenneth Ellington
U.S. Securities and Exchange Commission
Office of Disclosure and Review
Division of Investment Management
100 F Street, N.E.
Washington D.C. 20549

 

First Eagle Funds (the “Funds” or the “Trust”)

File Nos. 033-63560 and 811-7762

 

Dear Mr. Ellington:

Thank you for your comments regarding the Trust’s Annual Report, filed as a Form N-CSR on January 8, 2014. This letter responds to your comments, which you provided to us by telephone on March 26, 2014. Below we summarize your comments and our response.

 

I.Performance Data – Graphs Highlighting Growth of an Initial $10,000 Investment
1.COMMENT - You commented that the performance graphs for the Funds, highlighting growth of an initial $10,000 investment, do not appear to visually show each Fund's respective front-end sales load as required by Instruction 2 of Item 27(b)(7). You asked that we confirm whether or not each Fund’s front-end sales load is included in our calculations.

RESPONSE:  We reviewed the data for each Fund and confirm that each Fund’s front-end sales load is included in our calculations. We also reviewed the graphic presentations and agree that it is not clear that the starting value is below $10,000. Going forward, we will correct the graphs for these Funds so that visually the hypothetical investment appears to start below the $10,000 line where a share class with a front-end sales

 

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Kenneth Ellington  
Page 2  

 

load is charted. First Eagle High Yield Fund and First Eagle Fund of America’s Class I and Class Y shares, respectively, do not charge front-end sales loads, and that is reflected in the graphs and data for those Funds.

 

Should you have any follow-up questions concerning this letter, please do not hesitate to contact me at (212) 848-4668

 

Sincerely,

Nathan Greene

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