0000930413-15-000003.txt : 20150102 0000930413-15-000003.hdr.sgml : 20150101 20150102080652 ACCESSION NUMBER: 0000930413-15-000003 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150102 DATE AS OF CHANGE: 20150102 EFFECTIVENESS DATE: 20150102 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-63560 FILM NUMBER: 15500102 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 0000906352 S000011211 First Eagle Global Fund C000030894 Class A SGENX C000030895 Class I SGIIX C000030896 Class C FESGX 0000906352 S000011212 First Eagle Overseas Fund C000030897 Class A SGOVX C000030898 Class I SGOIX C000030899 Class C FESOX 0000906352 S000011213 First Eagle U.S. Value Fund C000030900 Class A FEVAX C000030901 Class I FEVIX C000030902 Class C FEVCX 0000906352 S000011214 First Eagle Gold Fund C000030903 Class A SGGDX C000030904 Class I FEGIX C000030905 Class C FEGOX 0000906352 S000011215 First Eagle Fund of America C000030906 Class Y FEAFX C000030907 Class C FEAMX C000030908 Class A FEFAX C000124490 Class I FEAIX 0000906352 S000035180 First Eagle High Yield Fund C000108220 Class A FEHAX C000108221 Class C FEHCX C000108222 Class I FEHIX 0000906352 S000035750 First Eagle Global Income Builder Fund C000109583 Class A FEBAX C000109584 Class C FEBCX C000109585 Class I FEBIX 497 1 c79602_497.htm 3B2 EDGAR HTML -- c79602_497.htm

FIRST EAGLE FUNDS

First Eagle Global Fund
First Eagle Overseas Fund
First Eagle U.S. Value Fund
First Eagle Gold Fund
First Eagle Global Income Builder Fund
First Eagle High Yield Fund
First Eagle Fund of America

1345 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10105
(800) 334-2143

SUPPLEMENT DATED JANUARY 2, 2015

TO STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 2014

This Supplement is intended to highlight certain changes to the Statement of Additional Information dated March 1, 2014. Please review these matters carefully.

The following replaces the management fee table and accompanying text under the section entitled “Investment Advisory and Other Services—Payments to the Adviser and the Subadviser.”

Payments to the Adviser and Subadviser

In return for the services listed above, each Fund pays FEIM a fee at the annual rate of the average daily value of the Fund’s net assets as follows:

 

 

 

Global Fund

 

 

  

0.75

%

 

Overseas Fund

 

 

  

0.75

%

 

U.S. Value Fund

 

 

  

0.75

%

 

Gold Fund

 

 

  

0.75

%

 

Global Income Builder Fund

 

 

  

0.75

%

 

High Yield Fund

 

 

  

0.70

%*

 

Fund of America

 

 

  

0.99

%**

 

 
 

*

  

FEIM has agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the High Yield Fund’s net assets for the period January 1, 2015 to February 29, 2016. This waiver has the effect of reducing the fee shown in the table above for the term of the waiver from 0.70% to 0.65%.

 

**

  

1.00% on the first $1.5 billion, 0.95% on the next $1 billion, 0.90% on the next $2.5 billion, and 0.85% on net assets in excess of $5 billion.

The Adviser also performs certain administrative, accounting, operations, compliance and other services on behalf of the Funds, and, in accordance with its agreement with them, the Funds (except the Global Income Builder Fund and High Yield Fund) reimburse the Adviser for costs (including personnel, compensation, overhead and other costs) related to those services. These reimbursements may not exceed an annual rate of 0.05% of the value of a Fund’s average daily net assets. The Global Income Builder Fund and High Yield Fund pay a fixed administrative service fee to the Adviser at an annual rate of 0.05% of each Fund’s average daily net assets.

* * * *

The information in this Supplement modifies the First Eagle Funds’ Statement of Additional Information dated March 1, 2014. In particular, and without limitation, the information contained in this Supplement modifies (and if inconsistent, replaces) information contained in that section of the Statement of Additional Information entitled “Investment Advisory and Other Services—Payments to the Adviser and Subadviser”.