0000930413-17-001023.txt : 20170313 0000930413-17-001023.hdr.sgml : 20170313 20170313171827 ACCESSION NUMBER: 0000930413-17-001023 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 34 FILED AS OF DATE: 20170313 DATE AS OF CHANGE: 20170313 EFFECTIVENESS DATE: 20170313 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: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-63560 FILM NUMBER: 17686096 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 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: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07762 FILM NUMBER: 17686097 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 C000179763 Class R3 C000179764 Class R4 C000179765 Class R5 C000179766 Class R6 0000906352 S000011212 First Eagle Overseas Fund C000030897 Class A SGOVX C000030898 Class I SGOIX C000030899 Class C FESOX C000179767 Class R3 C000179768 Class R4 C000179769 Class R5 C000179770 Class R6 0000906352 S000011213 First Eagle U.S. Value Fund C000030900 Class A FEVAX C000030901 Class I FEVIX C000030902 Class C FEVCX C000179771 Class R4 C000179772 Class R5 C000179773 Class R6 C000179774 Class R3 0000906352 S000011214 First Eagle Gold Fund C000030903 Class A SGGDX C000030904 Class I FEGIX C000030905 Class C FEGOX C000179775 Class R3 C000179776 Class R4 C000179777 Class R5 C000179778 Class R6 0000906352 S000011215 First Eagle Fund of America C000030906 Class Y FEAFX C000030907 Class C FEAMX C000030908 Class A FEFAX C000124490 Class I FEAIX C000179779 Class R3 C000179780 Class R4 C000179781 Class R5 C000179782 Class R6 0000906352 S000035180 First Eagle High Yield Fund C000108220 Class A FEHAX C000108221 Class C FEHCX C000108222 Class I FEHIX C000179783 Class R3 C000179784 Class R4 C000179785 Class R5 C000179786 Class R6 0000906352 S000035750 First Eagle Global Income Builder Fund C000109583 Class A FEBAX C000109584 Class C FEBCX C000109585 Class I FEBIX C000179787 Class R3 C000179788 Class R4 C000179789 Class R5 C000179790 Class R6 485BPOS 1 c86770_485bpos.htm Untitled Document

As filed with the Securities and Exchange Commission on March 13, 2017

 

REGISTRATION NO. 033-63560 and 811-7762

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM N-1A

 

REGISTRATION STATEMENT

UNDER

 

  THE SECURITIES ACT OF 1933 x
     
  PRE-EFFECTIVE AMENDMENT NO. o
     
  POST-EFFECTIVE AMENDMENT NO. 82 x

 

AND/OR

REGISTRATION STATEMENT

UNDER

 

  THE INVESTMENT COMPANY ACT OF 1940 x
     
  AMENDMENT NO. 84 x

 

(CHECK APPROPRIATE BOX OR BOXES)

 

 

FIRST EAGLE FUNDS

(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

 

 

1345 AVENUE OF THE AMERICAS

NEW YORK, NY 10105

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

 

REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 698-3000

 

SUZAN AFIFI

 

FIRST EAGLE FUNDS

 

1345 AVENUE OF THE AMERICAS

NEW YORK, NY 10105

(NAME AND ADDRESS OF AGENT FOR SERVICE)

 

 

COPY TO:

NATHAN J. GREENE, ESQ.

SHEARMAN & STERLING LLP

599 LEXINGTON AVENUE

NEW YORK, NY 10022

 

 

It is proposed that this filing will become effective (check appropriate box):

 

x immediately upon filing pursuant to paragraph (b)
   
o on (date) pursuant to paragraph (b) of Rule 485
   
o 60 days after filing pursuant to paragraph (a)(1)
   
o on (date) pursuant to paragraph (a)(1) of Rule 485
   
o 75 days after filing pursuant to paragraph (a)(2)
   
o on (date) pursuant to paragraph (a)(2) of Rule 485

 

If appropriate, check the following box:

 

o this post-effective amendment designates a new effective date for a previously filed post-effective amendment

 

 
 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and the Registration has duly caused this Post-Effective Amendment to its Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York, as of the 13th day of March, 2017.

 

  FIRST EAGLE FUNDS
   
  By: /s/ JOHN P. ARNHOLD  
    JOHN P. ARNHOLD
    PRESIDENT

 

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

SIGNATURE   CAPACITY   DATE
         
/s/ LISA ANDERSON*   Trustee   March 13, 2017
(LISA ANDERSON)        
         
/s/ JOHN P. ARNHOLD   Trustee   March 13, 2017
(JOHN P. ARNHOLD)        
         
/s/ JEAN-MARIE EVEILLARD*   Trustee   March 13, 2017
(JEAN-MARIE EVEILLARD)        
         
/s/ CANDACE K. BEINECKE*   Trustee   March 13, 2017
(CANDACE K. BEINECKE)        
         
/s/ JEAN D. HAMILTON*   Trustee   March 13, 2017
(JEAN D. HAMILTON)        
         
/s/ JAMES E. JORDAN*   Trustee   March 13, 2017
(JAMES E. JORDAN)        
         
/s/ WILLIAM M. KELLY*   Trustee   March 13, 2017
(WILLIAM M. KELLY)        
         
/s/ PAUL J. LAWLER*   Trustee   March 13, 2017
(PAUL J. LAWLER)        
         
/s/ JOSEPH MALONE*   Chief Financial Officer   March 13, 2017
(JOSEPH MALONE)        

 

 
*By: /s/ SUZAN AFIFI  
  SUZAN AFIFI
  POWER-OF-ATTORNEY
 

SIGNATURES

 

First Eagle Global Cayman Fund, Ltd., First Eagle Overseas Cayman Fund, Ltd., First Eagle U.S. Value Cayman Fund, Ltd. and First Eagle Gold Cayman Fund, Ltd. has duly cause this Post-Effective Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of New York and State of New York, as of the 13th day of March, 2017.

 

 

FIRST EAGLE GLOBAL CAYMAN FUND, LTD.
FIRST EAGLE OVERSEAS CAYMAN FUND, LTD.
FIRST EAGLE U.S. VALUE CAYMAN FUND, LTD.
FIRST EAGLE GOLD CAYMAN FUND, LTD.

 

SIGNATURE

 

CAPACITY

 

DATE

 

 

 

 

 

/s/ PETER HUBER*

 

Director

 

March 13, 2017

(PETER HUBER)

 

 

 

 

 

 

 

 

 

/s/ GLENN MITCHELL*

 

Director

 

March 13, 2017

(GLENN MITCHELL)

 

 

 

 

 

 

 

 

 

*By:

/S/ SUZAN AFIFI

 

   

 

Suzan Afifi
Power-of-Attorney

 

   

 

   
 

EXHIBIT INDEX

 

Exhibit No. Description
EX-101.INS XBRL Instance Document
EX-101.SCH XBRL Taxonomy Extension Schema Document
EX-101.DEF XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE XBRL Taxonomy Extension Presentation Linkbase
   
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without an initial sales charge. "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes. The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund's net assets for the period through February 28, 2018. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.75% to 0.70%. A contingent deferred sales charge of 1.00% may apply on redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund's net assets for the period through February 28, 2018. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.65%. Closed to new investors. 0.90% on the Fund's first $5 billion in net assets, and 0.85% in excess of $5 billion. FIRST EAGLE FUNDS 485BPOS false 0000906352 2016-10-31 2017-02-28 2017-03-01 2017-03-01 First Eagle Global Fund Example <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The following example is intended to help you compare the cost of investing in the Global Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.</font></p> 607 607 832 832 1076 1076 1773 1773 289 585 1006 2180 189 585 1006 2180 86 86 268 268 466 466 1037 1037 132 132 412 412 713 713 1568 1568 107 107 334 334 579 579 1283 1283 97 97 303 303 525 525 1166 1166 82 82 255 255 444 444 990 990 ~ http://feim.com/20170228/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact cik0000906352_S000011211Member row primary compact * ~ ~ http://feim.com/20170228/role/ScheduleExpenseExampleNoRedemptionTransposed20004 column dei_LegalEntityAxis compact cik0000906352_S000011211Member row primary compact * ~ Sold Held Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The Global Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 11.54% of the average value of its portfolio.</font></p> 0.1154 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">To achieve its objective of long-term capital growth, the Global Fund will normally invest primarily in common stocks (and securities convertible into common stocks) of U.S. and foreign companies.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in fixed-income instruments (without regard to credit rating or time to maturity), short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals. Under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to foreign investments. That generally means that approximately 40% or more of the Fund&#8217;s net assets (plus any borrowings for investment purposes) will be allocated to foreign investments (unless market conditions are not deemed favorable by the Fund, in which case the Fund expects to invest at least 30% of its net assets (plus any borrowings for investment purposes) in foreign investments). For purposes of these 40% and 30% of assets allocations, the Fund &#8220;counts&#8221; relevant derivative positions on foreign investments, and in doing so, values each position at the price at which it is held on the Fund&#8217;s books.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The investment philosophy and strategy of the Global Fund can be broadly characterized as a &#8220;value&#8221; approach, as it seeks a &#8220;margin of safety&#8221; in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to &#8220;intrinsic value&#8221; is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. &#8220;Intrinsic value&#8221; is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also <i>Defensive Investment Strategies</i>.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The Fund makes some investments through a special purpose trading subsidiary (the &#8220;Subsidiary&#8221;) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. 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Shareholder Fees (fees paid directly from your investment) A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. 25000 &#8220;Other Expenses&#8221; shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes. 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While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.</font></p> -0.0197 0.1062 0.0692 -0.0339 0.0968 0.0604 0.0007 0.0845 0.0555 -0.0361 0.0979 0.0613 -0.0686 0.0949 0.0639 -0.0171 0.0674 0.1196 0.1466 0.0695 0.1238 2013-03-08 2013-03-08 ~ http://feim.com/20170228/role/ScheduleAverageAnnualReturnsTransposed20054 column dei_LegalEntityAxis compact cik0000906352_S000011215Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ As with all mutual funds, past performance is not an indication of future performance (before or after taxes). The following information provides an indication of the risks of investing in Fund of America by showing changes in the Fund&#8217;s performance from year to year, and by showing how the Fund&#8217;s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower. www.feim.com/individual-investors/fund/fund-america Average Annual Total Returns as of December 31, 2016 After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. The following table discloses after-tax returns only for Class Y shares. After-tax returns for Class C, Class A, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. 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Document and Entity Information
Total
Prospectus:  
Document Type 485BPOS
Document Period End Date Oct. 31, 2016
Registrant Name FIRST EAGLE FUNDS
Central Index Key 0000906352
Amendment Flag false
Document Creation Date Feb. 28, 2017
Document Effective Date Mar. 01, 2017
Prospectus Date Mar. 01, 2017

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First Eagle Global Fund
First Eagle Global Fund
Investment Objective

First Eagle Global Fund (“Global Fund”) seeks long-term growth of capital by investing in a range of asset classes from markets in the United States and throughout the world.

Fees and Expenses of the Global Fund

The following information describes the fees and expenses you may pay if you buy and hold shares of the Global Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - First Eagle Global Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 5.00% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [1] 1.00% none none none none none
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - First Eagle Global Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none 0.35% 0.10% none none
Other Expenses [1] 0.10% 0.11% 0.09% 0.20% 0.20% 0.20% 0.05%
Total Annual Operating Expenses (%) 1.10% 1.86% 0.84% 1.30% 1.05% 0.95% 0.80%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Example

The following example is intended to help you compare the cost of investing in the Global Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - First Eagle Global Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 607 832 1,076 1,773
Class C 289 585 1,006 2,180
Class I 86 268 466 1,037
Class R3 132 412 713 1,568
Class R4 107 334 579 1,283
Class R5 97 303 525 1,166
Class R6 82 255 444 990
Held
Expense Example No Redemption - First Eagle Global Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 607 832 1,076 1,773
Class C 189 585 1,006 2,180
Class I 86 268 466 1,037
Class R3 132 412 713 1,568
Class R4 107 334 579 1,283
Class R5 97 303 525 1,166
Class R6 82 255 444 990
Portfolio Turnover Rate

The Global Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 11.54% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of long-term capital growth, the Global Fund will normally invest primarily in common stocks (and securities convertible into common stocks) of U.S. and foreign companies.


Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in fixed-income instruments (without regard to credit rating or time to maturity), short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals. Under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to foreign investments. That generally means that approximately 40% or more of the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to foreign investments (unless market conditions are not deemed favorable by the Fund, in which case the Fund expects to invest at least 30% of its net assets (plus any borrowings for investment purposes) in foreign investments). For purposes of these 40% and 30% of assets allocations, the Fund “counts” relevant derivative positions on foreign investments, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of the Global Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also Defensive Investment Strategies.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts).

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the Global Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal Risks of investing in the Global Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the Global Fund, please see the More Information about the Funds’ Investments section.

Investment Results

The following information provides an indication of the risks of investing in the Global Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/global-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.

Calendar Year Total Returns—Class A
Bar Chart
 

*

 

For the period presented in the bar chart above.

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2009

 

14.58%

 

 

 

Fourth Quarter 2008

 

-10.66%

 

 

 

 

 

Average Annual Total Returns as of December 31, 2016

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Average Annual Returns - First Eagle Global Fund
1 Year
5 Years
10 Years
Class A 5.12% 6.84% 5.71%
Class C 8.84% 7.14% 5.46%
Class I 10.94% 8.22% 6.52%
After Taxes on Distributions | Class A 3.99% 5.91% 4.88%
After Taxes on Distributions and Sale of Fund Shares | Class A 3.83% 5.32% 4.56%
MSCI World Index 7.51% 10.41% 3.83%
XML 12 R9.htm IDEA: XBRL DOCUMENT v3.6.0.2
Label Element Value
First Eagle Global Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle Global Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

First Eagle Global Fund (“Global Fund”) seeks long-term growth of capital by investing in a range of asset classes from markets in the United States and throughout the world.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Global Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following information describes the fees and expenses you may pay if you buy and hold shares of the Global Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Global Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 11.54% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 11.54%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Global Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To achieve its objective of long-term capital growth, the Global Fund will normally invest primarily in common stocks (and securities convertible into common stocks) of U.S. and foreign companies.


Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in fixed-income instruments (without regard to credit rating or time to maturity), short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals. Under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to foreign investments. That generally means that approximately 40% or more of the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to foreign investments (unless market conditions are not deemed favorable by the Fund, in which case the Fund expects to invest at least 30% of its net assets (plus any borrowings for investment purposes) in foreign investments). For purposes of these 40% and 30% of assets allocations, the Fund “counts” relevant derivative positions on foreign investments, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of the Global Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also Defensive Investment Strategies.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts).

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any mutual fund investment, you may lose money by investing in the Global Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal Risks of investing in the Global Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the Global Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the Global Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following information provides an indication of the risks of investing in the Global Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/global-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in the Global Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/global-fund
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class A
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock
 

*

 

For the period presented in the bar chart above.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2009

 

14.58%

 

 

 

Fourth Quarter 2008

 

-10.66%

 

 

 

 

 

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.58%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (10.66%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2016
First Eagle Global Fund | MSCI World Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.51%
5 Years rr_AverageAnnualReturnYear05 10.41%
10 Years rr_AverageAnnualReturnYear10 3.83%
First Eagle Global Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.10% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.10%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 607
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 832
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,076
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,773
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 607
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 832
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,076
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,773
Annual Return 2007 rr_AnnualReturn2007 9.90%
Annual Return 2008 rr_AnnualReturn2008 (21.06%)
Annual Return 2009 rr_AnnualReturn2009 22.91%
Annual Return 2010 rr_AnnualReturn2010 17.58%
Annual Return 2011 rr_AnnualReturn2011 (0.19%)
Annual Return 2012 rr_AnnualReturn2012 12.46%
Annual Return 2013 rr_AnnualReturn2013 15.49%
Annual Return 2014 rr_AnnualReturn2014 2.93%
Annual Return 2015 rr_AnnualReturn2015 (0.94%)
Annual Return 2016 rr_AnnualReturn2016 10.65%
1 Year rr_AverageAnnualReturnYear01 5.12%
5 Years rr_AverageAnnualReturnYear05 6.84%
10 Years rr_AverageAnnualReturnYear10 5.71%
First Eagle Global Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.99%
5 Years rr_AverageAnnualReturnYear05 5.91%
10 Years rr_AverageAnnualReturnYear10 4.88%
First Eagle Global Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.83%
5 Years rr_AverageAnnualReturnYear05 5.32%
10 Years rr_AverageAnnualReturnYear10 4.56%
First Eagle Global Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.11% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 289
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 585
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,006
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,180
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 189
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 585
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,006
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,180
1 Year rr_AverageAnnualReturnYear01 8.84%
5 Years rr_AverageAnnualReturnYear05 7.14%
10 Years rr_AverageAnnualReturnYear10 5.46%
First Eagle Global Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.09% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.84%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 86
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 268
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 466
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,037
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 86
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 268
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 466
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,037
1 Year rr_AverageAnnualReturnYear01 10.94%
5 Years rr_AverageAnnualReturnYear05 8.22%
10 Years rr_AverageAnnualReturnYear10 6.52%
First Eagle Global Fund | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.20% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.30%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 132
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 412
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 713
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,568
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 132
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 412
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 713
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,568
First Eagle Global Fund | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.20% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 107
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 334
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 579
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,283
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 107
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 334
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 579
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,283
First Eagle Global Fund | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.20% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.95%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 97
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 303
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 525
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,166
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 97
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 303
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 525
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,166
First Eagle Global Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.05% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 255
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 444
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 990
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 82
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 255
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 444
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 990
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
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First Eagle Overseas Fund
First Eagle Overseas Fund
Investment Objective

First Eagle Overseas Fund (“Overseas Fund”) seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations.

Fees and Expenses of the Overseas Fund

The following information describes the fees and expenses you may pay if you buy and hold shares of the Overseas Fund.


Subject to certain exceptions, the Overseas Fund is currently closed to new investors and new accounts. You may find the exceptions in the About Your Investment—Overseas Fund All Share Classes (closed to new investors) section on page 83 of this Prospectus. If you are eligible to purchase shares, you may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Overseas Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - First Eagle Overseas Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 5.00% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [1] 1.00% none none none none none
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - First Eagle Overseas Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none 0.35% 0.10% none none
Other Expenses [1] 0.14% 0.14% 0.12% 0.21% 0.21% 0.21% 0.06%
Total Annual Operating Expenses (%) 1.14% 1.89% 0.87% 1.31% 1.06% 0.96% 0.81%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Example

The following example is intended to help you compare the cost of investing in the Overseas Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - First Eagle Overseas Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 610 844 1,096 1,817
Class C 292 594 1,021 2,212
Class I 89 278 482 1,073
Class R3 133 415 718 1,579
Class R4 108 337 585 1,294
Class R5 98 306 531 1,178
Class R6 83 259 450 1,002
Held
Expense Example No Redemption - First Eagle Overseas Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 610 844 1,096 1,817
Class C 192 594 1,021 2,212
Class I 89 278 482 1,073
Class R3 133 415 718 1,579
Class R4 108 337 585 1,294
Class R5 98 306 531 1,178
Class R6 83 259 450 1,002
Portfolio Turnover Rate

The Overseas Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9.30% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of long-term capital growth, the Overseas Fund will invest primarily in equity securities of companies traded in mature markets (for example, Japan, Germany and France) and may invest in countries whose economies are still developing (sometimes called “emerging markets”). The Fund particularly seeks companies that have financial strength and stability, strong management and fundamental value. Normally, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in foreign securities (and “counts” relevant derivative positions towards this “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books). The Fund also may invest up to 20% of its total assets in debt instruments. The Fund may invest in debt securities generally without regard to their credit rating or time to maturity. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may invest in fixed-income instruments, short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals.


The investment philosophy and strategy of the Overseas Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also Defensive Investment Strategies.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts).

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the Overseas Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


The principal risks of investing in the Overseas Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. These risks may be more pronounced with respect to investments in emerging markets.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the Overseas Fund, please see the More Information about the Funds’ Investments section.

Investment Results

The following information provides an indication of the risks of investing in the Overseas Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/overseas-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Calendar Year Total Returns—Class A
Bar Chart
 

*

 

For the period presented in the bar chart above.

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

16.58%

 

 

 

Third Quarter 2008

 

-12.48%

 

 

 

 

 

Average Annual Total Returns as of December 31, 2016

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Average Annual Returns - First Eagle Overseas Fund
1 Year
5 Years
10 Years
Class A 0.29% 5.26% 4.16%
Class C 3.78% 5.54% 3.91%
Class I 5.90% 6.62% 4.96%
After Taxes on Distributions | Class A (0.38%) 4.35% 3.14%
After Taxes on Distributions and Sale of Fund Shares | Class A 1.00% 4.15% 3.36%
MSCI EAFE Index 1.00% 6.53% 0.75%
XML 15 R17.htm IDEA: XBRL DOCUMENT v3.6.0.2
Label Element Value
First Eagle Overseas Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle Overseas Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

First Eagle Overseas Fund (“Overseas Fund”) seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Overseas Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following information describes the fees and expenses you may pay if you buy and hold shares of the Overseas Fund.


Subject to certain exceptions, the Overseas Fund is currently closed to new investors and new accounts. You may find the exceptions in the About Your Investment—Overseas Fund All Share Classes (closed to new investors) section on page 83 of this Prospectus. If you are eligible to purchase shares, you may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Overseas Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Overseas Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9.30% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 9.30%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts If you are eligible to purchase shares, you may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Overseas Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Overseas Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To achieve its objective of long-term capital growth, the Overseas Fund will invest primarily in equity securities of companies traded in mature markets (for example, Japan, Germany and France) and may invest in countries whose economies are still developing (sometimes called “emerging markets”). The Fund particularly seeks companies that have financial strength and stability, strong management and fundamental value. Normally, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in foreign securities (and “counts” relevant derivative positions towards this “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books). The Fund also may invest up to 20% of its total assets in debt instruments. The Fund may invest in debt securities generally without regard to their credit rating or time to maturity. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may invest in fixed-income instruments, short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals.


The investment philosophy and strategy of the Overseas Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also Defensive Investment Strategies.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts).

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any mutual fund investment, you may lose money by investing in the Overseas Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


The principal risks of investing in the Overseas Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. These risks may be more pronounced with respect to investments in emerging markets.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the Overseas Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the Overseas Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following information provides an indication of the risks of investing in the Overseas Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/overseas-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in the Overseas Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/overseas-fund
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class A
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock
 

*

 

For the period presented in the bar chart above.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

16.58%

 

 

 

Third Quarter 2008

 

-12.48%

 

 

 

 

 

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.58%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (12.48%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2016
First Eagle Overseas Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 1.00%
5 Years rr_AverageAnnualReturnYear05 6.53%
10 Years rr_AverageAnnualReturnYear10 0.75%
First Eagle Overseas Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.14% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.14%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 610
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 844
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,096
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,817
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 610
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 844
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,096
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,817
Annual Return 2007 rr_AnnualReturn2007 8.39%
Annual Return 2008 rr_AnnualReturn2008 (20.97%)
Annual Return 2009 rr_AnnualReturn2009 20.64%
Annual Return 2010 rr_AnnualReturn2010 19.24%
Annual Return 2011 rr_AnnualReturn2011 (5.60%)
Annual Return 2012 rr_AnnualReturn2012 13.98%
Annual Return 2013 rr_AnnualReturn2013 11.57%
Annual Return 2014 rr_AnnualReturn2014 (0.97%)
Annual Return 2015 rr_AnnualReturn2015 2.27%
Annual Return 2016 rr_AnnualReturn2016 5.59%
1 Year rr_AverageAnnualReturnYear01 0.29%
5 Years rr_AverageAnnualReturnYear05 5.26%
10 Years rr_AverageAnnualReturnYear10 4.16%
First Eagle Overseas Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (0.38%)
5 Years rr_AverageAnnualReturnYear05 4.35%
10 Years rr_AverageAnnualReturnYear10 3.14%
First Eagle Overseas Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 1.00%
5 Years rr_AverageAnnualReturnYear05 4.15%
10 Years rr_AverageAnnualReturnYear10 3.36%
First Eagle Overseas Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.14% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.89%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 292
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 594
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,021
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,212
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 192
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 594
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,021
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,212
1 Year rr_AverageAnnualReturnYear01 3.78%
5 Years rr_AverageAnnualReturnYear05 5.54%
10 Years rr_AverageAnnualReturnYear10 3.91%
First Eagle Overseas Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.12% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 89
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 278
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 482
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,073
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 89
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 278
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 482
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,073
1 Year rr_AverageAnnualReturnYear01 5.90%
5 Years rr_AverageAnnualReturnYear05 6.62%
10 Years rr_AverageAnnualReturnYear10 4.96%
First Eagle Overseas Fund | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.21% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 133
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 415
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 718
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,579
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 133
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 415
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 718
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,579
First Eagle Overseas Fund | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.21% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 108
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 337
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 585
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,294
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 108
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 337
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 585
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,294
First Eagle Overseas Fund | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.21% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.96%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 98
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 306
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 531
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,178
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 98
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 306
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 531
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,178
First Eagle Overseas Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.06% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 83
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 259
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 450
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,002
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 83
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 259
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 450
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,002
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
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First Eagle U.S. Value Fund
First Eagle U.S. Value Fund
Investment Objective

First Eagle U.S. Value Fund (“U.S. Value Fund”) seeks long-term growth of capital by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt securities.

Fees and Expenses of the U.S. Value Fund

The following information describes the fees and expenses you may pay if you buy and hold shares of the U.S. Value Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the U.S. Value Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - First Eagle U.S. Value Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 5.00% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [1] 1.00% none none none none none
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - First Eagle U.S. Value Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees [1] 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none 0.35% 0.10% none none
Other Expenses [2] 0.14% 0.15% 0.12% 0.22% 0.22% 0.22% 0.07%
Total Annual Operating Expenses (%) 1.14% 1.90% 0.87% 1.32% 1.07% 0.97% 0.82%
Fee Waiver [1] (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%)
Total Annual Operating Expenses After Fee Waiver (%) 1.09% 1.85% 0.82% 1.27% 1.02% 0.92% 0.77%
[1] The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund's net assets for the period through February 28, 2018. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.75% to 0.70%.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Example

The following example is intended to help you compare the cost of investing in the U.S. Value Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - First Eagle U.S. Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 606 839 1,092 1,813
Class C 288 592 1,022 2,218
Class I 84 273 477 1,068
Class R3 129 413 719 1,586
Class R4 104 335 585 1,301
Class R5 94 304 531 1,185
Class R6 79 257 450 1,009
Held
Expense Example No Redemption - First Eagle U.S. Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 606 839 1,092 1,813
Class C 188 592 1,022 2,218
Class I 84 273 477 1,068
Class R3 129 413 719 1,586
Class R4 104 335 585 1,301
Class R5 94 304 531 1,185
Class R6 79 257 450 1,009
Portfolio Turnover Rate

The U.S. Value Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10.65% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of long-term capital growth, the U.S. Value Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt instruments and may invest to a lesser extent in securities of non-U.S. issuers. In particular, the Fund seeks companies exhibiting financial strength and stability, strong management and fundamental value. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The debt instruments in which the Fund may invest include fixed-income securities without regard to credit rating or time to maturity and short-term debt instruments. The Fund may also invest in gold and other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of the U.S. Value Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also Defensive Investment Strategies.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts).

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the U.S. Value Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the U.S. Value Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Illiquid Investment Risk — Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the U.S. Value Fund, please see the More Information about the Funds’ Investments section.

Investment Results

The following information provides an indication of the risks of investing in the U.S. Value Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/us-value-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Calendar Year Total Returns—Class A
Bar Chart
 

*

 

For the period presented in the bar chart above.

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

12.57%

 

 

 

Fourth Quarter 2008

 

-16.90%

 

 

 

 

 

Average Annual Total Returns as of December 31, 2016

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Average Annual Returns - First Eagle U.S. Value Fund
1 Year
5 Years
10 Years
Class A 9.01% 7.68% 6.04%
Class C 12.94% 7.99% 5.79%
Class I 15.14% 9.09% 6.85%
After Taxes on Distributions | Class A 6.97% 6.39% 5.09%
After Taxes on Distributions and Sale of Fund Shares | Class A 6.80% 5.97% 4.76%
Standard & Poor’s 500 Index 11.96% 14.66% 6.95%
XML 18 R25.htm IDEA: XBRL DOCUMENT v3.6.0.2
Label Element Value
First Eagle U.S. Value Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle U.S. Value Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

First Eagle U.S. Value Fund (“U.S. Value Fund”) seeks long-term growth of capital by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt securities.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the U.S. Value Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following information describes the fees and expenses you may pay if you buy and hold shares of the U.S. Value Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the U.S. Value Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Feb. 28, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The U.S. Value Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10.65% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 10.65%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the U.S. Value Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the U.S. Value Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To achieve its objective of long-term capital growth, the U.S. Value Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt instruments and may invest to a lesser extent in securities of non-U.S. issuers. In particular, the Fund seeks companies exhibiting financial strength and stability, strong management and fundamental value. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The debt instruments in which the Fund may invest include fixed-income securities without regard to credit rating or time to maturity and short-term debt instruments. The Fund may also invest in gold and other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of the U.S. Value Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also Defensive Investment Strategies.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts).

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any mutual fund investment, you may lose money by investing in the U.S. Value Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the U.S. Value Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Illiquid Investment Risk — Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the U.S. Value Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the U.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following information provides an indication of the risks of investing in the U.S. Value Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/us-value-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in the U.S. Value Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/us-value-fund
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class A
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock
 

*

 

For the period presented in the bar chart above.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

12.57%

 

 

 

Fourth Quarter 2008

 

-16.90%

 

 

 

 

 

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 12.57%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.90%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2016
First Eagle U.S. Value Fund | Standard & Poor’s 500 Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.96%
5 Years rr_AverageAnnualReturnYear05 14.66%
10 Years rr_AverageAnnualReturnYear10 6.95%
First Eagle U.S. Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.14% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.14%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.09%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 606
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 839
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,092
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,813
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 606
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 839
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,092
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,813
Annual Return 2007 rr_AnnualReturn2007 8.97%
Annual Return 2008 rr_AnnualReturn2008 (23.09%)
Annual Return 2009 rr_AnnualReturn2009 24.84%
Annual Return 2010 rr_AnnualReturn2010 12.22%
Annual Return 2011 rr_AnnualReturn2011 5.70%
Annual Return 2012 rr_AnnualReturn2012 10.71%
Annual Return 2013 rr_AnnualReturn2013 16.94%
Annual Return 2014 rr_AnnualReturn2014 8.15%
Annual Return 2015 rr_AnnualReturn2015 (5.14%)
Annual Return 2016 rr_AnnualReturn2016 14.77%
1 Year rr_AverageAnnualReturnYear01 9.01%
5 Years rr_AverageAnnualReturnYear05 7.68%
10 Years rr_AverageAnnualReturnYear10 6.04%
First Eagle U.S. Value Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.97%
5 Years rr_AverageAnnualReturnYear05 6.39%
10 Years rr_AverageAnnualReturnYear10 5.09%
First Eagle U.S. Value Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.80%
5 Years rr_AverageAnnualReturnYear05 5.97%
10 Years rr_AverageAnnualReturnYear10 4.76%
First Eagle U.S. Value Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.15% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.90%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.85%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 288
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 592
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,022
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,218
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 188
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 592
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,022
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,218
1 Year rr_AverageAnnualReturnYear01 12.94%
5 Years rr_AverageAnnualReturnYear05 7.99%
10 Years rr_AverageAnnualReturnYear10 5.79%
First Eagle U.S. Value Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.12% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.87%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 84
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 273
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 477
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,068
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 84
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 273
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 477
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,068
1 Year rr_AverageAnnualReturnYear01 15.14%
5 Years rr_AverageAnnualReturnYear05 9.09%
10 Years rr_AverageAnnualReturnYear10 6.85%
First Eagle U.S. Value Fund | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.22% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.32%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.27%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 129
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 413
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 719
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,586
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 129
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 413
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 719
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,586
First Eagle U.S. Value Fund | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.22% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.07%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.02%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 104
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 335
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 585
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,301
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 104
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 335
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 585
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,301
First Eagle U.S. Value Fund | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.22% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.97%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.92%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 94
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 304
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 531
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,185
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 94
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 304
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 531
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,185
First Eagle U.S. Value Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.07% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.82%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.77%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 79
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 257
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 450
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,009
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 79
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 257
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 450
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,009
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
[2] The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund's net assets for the period through February 28, 2018. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.75% to 0.70%.
[3] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
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First Eagle Gold Fund
First Eagle Gold Fund
Investment Objective

First Eagle Gold Fund (“Gold Fund”) seeks to provide investors the opportunity to participate in the investment characteristics of gold (and to a limited extent other precious metals) for a portion of their overall investment portfolio.

Fees and Expenses of the Gold Fund

The following information describes the fees and expenses you may pay if you buy and hold shares of the Gold Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Gold Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - First Eagle Gold Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 5.00% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [1] 1.00% none none none none none
Redemption Fee (as a percentage of the amount redeemed within 60 days of purchase) 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - First Eagle Gold Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none 0.35% 0.10% none none
Other Expenses [1] 0.27% 0.29% 0.23% 0.26% 0.26% 0.26% 0.11%
Total Annual Operating Expenses (%) 1.27% 2.04% 0.98% 1.36% 1.11% 1.01% 0.86%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Example

The following example is intended to help you compare the cost of investing in the Gold Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - First Eagle Gold Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 623 883 1,162 1,957
Class C 307 640 1,098 2,369
Class I 100 312 542 1,201
Class R3 138 431 745 1,635
Class R4 113 353 612 1,352
Class R5 103 322 558 1,236
Class R6 88 274 477 1,061
Held
Expense Example No Redemption - First Eagle Gold Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 623 883 1,162 1,957
Class C 207 640 1,098 2,369
Class I 100 312 542 1,201
Class R3 138 431 745 1,635
Class R4 113 353 612 1,352
Class R5 103 322 558 1,236
Class R6 88 274 477 1,061
Portfolio Turnover Rate

The Gold Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 15.82% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the Gold Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities (which may include both equity and, to a limited extent, debt instruments) directly related to gold or issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long-, medium- or short-life mines. Up to 20% of the Fund’s assets may be invested in equity and, to a limited extent, debt instruments unrelated to gold or the gold industry. The Fund may invest up to 20% of its total assets in debt securities. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in fixed-income instruments (without regard to credit rating or time to maturity), short-term debt instruments, other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books.


An investment in the Gold Fund is not intended to be a complete investment program. However, many investors believe that, historically, a limited exposure to investments in gold or gold-related instruments may provide some offset against the market impact of political and economic disruptions, as well as relieve inflationary or deflationary pressures.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts). The Fund will invest in the Subsidiary in order to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies. Unlike the Fund, the Subsidiary may invest without limitation in commodities and related instruments, however, the Subsidiary will comply with the same 1940 Act asset coverage requirements with respect to any investments in commodity-linked derivatives that are applicable to the Fund’s transactions in derivatives. In addition, to the extent applicable to the investment activities of the Subsidiary, the Subsidiary will be subject to the same fundamental investment restrictions and will follow the same compliance policies and procedures as the Fund. Compliance with the Fund’s investment restrictions generally will be measured on an aggregate basis in respect of the Fund’s and the Subsidiary’s portfolios. The Subsidiary will comply with the 1940 Act provisions governing affiliate transactions and custody of assets. The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the Gold Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the Gold Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. These risks may be more pronounced with respect to investments in emerging markets. Because of the Gold Fund’s policy of investing primarily in gold, securities directly related to gold and/or of companies engaged in the gold industry, a substantial part of the Gold Fund’s assets will generally be invested in securities of companies domiciled or operating in one or more foreign countries, including emerging markets.

 

 

Diversification Risk — The Fund is a non-diversified mutual fund, and as a result, an investment in the Fund may expose your money to greater risks than if you invest in a diversified fund. The Fund may invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the Gold Fund, please see the More Information about the Funds’ Investments section.

Investment Results

The following information provides an indication of the risks of investing in the Gold Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/gold-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Calendar Year Total Returns—Class A
Bar Chart
 

*

 

For the period presented in the bar chart above.

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2016

 

32.55%

 

 

 

Second Quarter 2013

 

-32.24%

 

 

 

 

 

Average Annual Total Returns as of December 31, 2016

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Average Annual Returns - First Eagle Gold Fund
1 Year
5 Years
10 Years
Class A 30.09% (12.42%) (0.96%)
Class C 34.74% (12.22%) (1.22%)
Class I 37.25% (11.29%) (0.19%)
After Taxes on Distributions | Class A 30.09% (12.43%) (1.45%)
After Taxes on Distributions and Sale of Fund Shares | Class A 17.03% (8.80%) (0.45%)
MSCI World Index 7.51% 10.41% 3.83%
FTSE Gold Mines Index 59.59% (15.88%) (5.39%)
XML 21 R33.htm IDEA: XBRL DOCUMENT v3.6.0.2
Label Element Value
First Eagle Gold Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle Gold Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

First Eagle Gold Fund (“Gold Fund”) seeks to provide investors the opportunity to participate in the investment characteristics of gold (and to a limited extent other precious metals) for a portion of their overall investment portfolio.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Gold Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following information describes the fees and expenses you may pay if you buy and hold shares of the Gold Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Gold Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Gold Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 15.82% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 15.82%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Gold Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Gold Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the Gold Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities (which may include both equity and, to a limited extent, debt instruments) directly related to gold or issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long-, medium- or short-life mines. Up to 20% of the Fund’s assets may be invested in equity and, to a limited extent, debt instruments unrelated to gold or the gold industry. The Fund may invest up to 20% of its total assets in debt securities. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in fixed-income instruments (without regard to credit rating or time to maturity), short-term debt instruments, other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books.


An investment in the Gold Fund is not intended to be a complete investment program. However, many investors believe that, historically, a limited exposure to investments in gold or gold-related instruments may provide some offset against the market impact of political and economic disruptions, as well as relieve inflationary or deflationary pressures.


The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related contracts). The Fund will invest in the Subsidiary in order to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies. Unlike the Fund, the Subsidiary may invest without limitation in commodities and related instruments, however, the Subsidiary will comply with the same 1940 Act asset coverage requirements with respect to any investments in commodity-linked derivatives that are applicable to the Fund’s transactions in derivatives. In addition, to the extent applicable to the investment activities of the Subsidiary, the Subsidiary will be subject to the same fundamental investment restrictions and will follow the same compliance policies and procedures as the Fund. Compliance with the Fund’s investment restrictions generally will be measured on an aggregate basis in respect of the Fund’s and the Subsidiary’s portfolios. The Subsidiary will comply with the 1940 Act provisions governing affiliate transactions and custody of assets. The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any mutual fund investment, you may lose money by investing in the Gold Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the Gold Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Gold Risk — The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. These risks may be more pronounced with respect to investments in emerging markets. Because of the Gold Fund’s policy of investing primarily in gold, securities directly related to gold and/or of companies engaged in the gold industry, a substantial part of the Gold Fund’s assets will generally be invested in securities of companies domiciled or operating in one or more foreign countries, including emerging markets.

 

 

Diversification Risk — The Fund is a non-diversified mutual fund, and as a result, an investment in the Fund may expose your money to greater risks than if you invest in a diversified fund. The Fund may invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Subsidiary Risk — By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.


For more information on the risks of investing in the Gold Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the Gold Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a non-diversified mutual fund, and as a result, an investment in the Fund may expose your money to greater risks than if you invest in a diversified fund. The Fund may invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following information provides an indication of the risks of investing in the Gold Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/gold-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in the Gold Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/gold-fund
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class A
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock
 

*

 

For the period presented in the bar chart above.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2016

 

32.55%

 

 

 

Second Quarter 2013

 

-32.24%

 

 

 

 

 

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 32.55%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (32.24%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2016
First Eagle Gold Fund | MSCI World Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.51%
5 Years rr_AverageAnnualReturnYear05 10.41%
10 Years rr_AverageAnnualReturnYear10 3.83%
First Eagle Gold Fund | FTSE Gold Mines Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 59.59%
5 Years rr_AverageAnnualReturnYear05 (15.88%)
10 Years rr_AverageAnnualReturnYear10 (5.39%)
First Eagle Gold Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.27% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.27%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 623
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 883
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,162
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,957
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 623
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 883
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,162
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,957
Annual Return 2007 rr_AnnualReturn2007 23.48%
Annual Return 2008 rr_AnnualReturn2008 (14.27%)
Annual Return 2009 rr_AnnualReturn2009 39.18%
Annual Return 2010 rr_AnnualReturn2010 34.64%
Annual Return 2011 rr_AnnualReturn2011 (11.13%)
Annual Return 2012 rr_AnnualReturn2012 (5.15%)
Annual Return 2013 rr_AnnualReturn2013 (46.99%)
Annual Return 2014 rr_AnnualReturn2014 (2.41%)
Annual Return 2015 rr_AnnualReturn2015 (19.28%)
Annual Return 2016 rr_AnnualReturn2016 36.92%
1 Year rr_AverageAnnualReturnYear01 30.09%
5 Years rr_AverageAnnualReturnYear05 (12.42%)
10 Years rr_AverageAnnualReturnYear10 (0.96%)
First Eagle Gold Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 30.09%
5 Years rr_AverageAnnualReturnYear05 (12.43%)
10 Years rr_AverageAnnualReturnYear10 (1.45%)
First Eagle Gold Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 17.03%
5 Years rr_AverageAnnualReturnYear05 (8.80%)
10 Years rr_AverageAnnualReturnYear10 (0.45%)
First Eagle Gold Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.29% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 2.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 307
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 640
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,098
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,369
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 207
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 640
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,098
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,369
1 Year rr_AverageAnnualReturnYear01 34.74%
5 Years rr_AverageAnnualReturnYear05 (12.22%)
10 Years rr_AverageAnnualReturnYear10 (1.22%)
First Eagle Gold Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.23% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.98%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 100
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 312
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 542
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,201
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 100
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 312
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 542
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,201
1 Year rr_AverageAnnualReturnYear01 37.25%
5 Years rr_AverageAnnualReturnYear05 (11.29%)
10 Years rr_AverageAnnualReturnYear10 (0.19%)
First Eagle Gold Fund | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.26% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.36%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 138
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 431
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 745
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,635
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 138
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 431
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 745
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,635
First Eagle Gold Fund | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.26% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.11%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 113
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 353
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 612
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,352
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 113
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 353
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 612
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,352
First Eagle Gold Fund | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.26% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.01%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 103
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 322
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 558
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,236
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 103
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 322
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 558
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,236
First Eagle Gold Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.11% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 88
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 274
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 477
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,061
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 88
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 274
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 477
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,061
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
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First Eagle Global Income Builder Fund
First Eagle Global Income Builder Fund
Investment Objective

First Eagle Global Income Builder Fund (“Global Income Builder Fund”) seeks current income generation and long-term growth of capital.

Fees and Expenses of the Global Income Builder Fund

The following information describes the fees and expenses you may pay if you buy and hold shares of the Global Income Builder Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Income Builder Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - First Eagle Global Income Builder Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 5.00% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [1] 1.00% none none none none none
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - First Eagle Global Income Builder Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% 0.75%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none 0.35% 0.10% none none
Other Expenses [1] 0.18% 0.19% 0.17% 0.28% 0.28% 0.28% 0.13%
Total Annual Fund Operating Expenses (%) 1.18% 1.94% 0.92% 1.38% 1.13% 1.03% 0.88%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Example

The following example is intended to help you compare the cost of investing in the Global Income Builder Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - First Eagle Global Income Builder Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 614 856 1,117 1,860
Class C 297 609 1,047 2,264
Class I 94 293 509 1,131
Class R3 140 437 755 1,657
Class R4 115 359 622 1,375
Class R5 105 328 569 1,259
Class R6 90 281 488 1,084
Held
Expense Example No Redemption - First Eagle Global Income Builder Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 614 856 1,117 1,860
Class C 197 609 1,047 2,264
Class I 94 293 509 1,131
Class R3 140 437 755 1,657
Class R4 115 359 622 1,375
Class R5 105 328 569 1,259
Class R6 90 281 488 1,084
Portfolio Turnover Rate

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The Global Income Builder Fund pays transaction costs when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 29.76% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of current income generation and long-term growth of capital, the Global Income Builder Fund will normally invest primarily in common stocks of U.S. and foreign companies that offer attractive dividend yields and a range of fixed income instruments, including high-yield, below investment grade instruments (commonly referred to as “junk bonds”), investment grade instruments and sovereign debt, from markets in the United States and multiple countries around the world.


Investment decisions for the Global Income Builder Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. Under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to income-producing securities. That generally means that approximately 80% or more of the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to such investments, which may include dividend paying equities, both high-yield (below investment grade) and investment grade debt, sovereign bonds, and various short-term debt instruments. The Fund may invest in securities with any maturity or investment rating, as well as unrated securities. The Fund may also invest (typically for hedging purposes) in derivative instruments such as options, futures contracts and options on futures contracts, credit default swaps, and swaps and options on indices.


Additionally, under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to foreign investments. That generally means that approximately 40% or more of the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to foreign investments (unless market conditions are not deemed favorable by the Fund, in which case the Fund expects to invest at least 30% of its net assets (plus any borrowings for investment purposes) in foreign investments). For purposes of these 80%, 40% and 30% of assets allocations, the Fund “counts” relevant derivative positions on investments, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of the Global Income Builder Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). With respect to equity investments in particular, a discount to “intrinsic value” is sought even for what appear to be the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. Investments in debt instruments are made after careful scrutiny of the underlying creditworthiness of the issuer, taking into account such factors as cash flow generation, liquidation value and structural protections. The Global Income Builder Fund seeks to own debt instruments that offer an attractive “margin of safety” on principal repayment relative to the total expected return of the security.

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the Global Income Builder Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund will invest in foreign investments. Foreign investments can be susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Prepayment Risk — Certain instruments, especially mortgage-backed securities, for example, are susceptible to the risk of prepayment by borrowers. During a period of declining interest rates, homeowners may refinance their high-rate mortgages and prepay the principal. Cash from these prepayments flows through to prepay the mortgage-backed securities, necessitating reinvestment in other assets, which may lower returns. Asset-backed securities, which are subject to risks similar to those of mortgage-backed securities, are also structured like mortgage-backed securities, but instead of mortgage loans or interests in mortgage loans, the underlying assets may include such items as motor vehicle installment sales or installment loan contracts, leases of various types of real and personal property and receivables from credit card agreements. The market for mortgage-backed and asset-backed instruments may be volatile and limited, which may make them difficult to buy or sell.

 

 

Changes in Debt Ratings Risk — If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.

 

 

Convertible Security Risk — Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition and credit rating and changes in interest rates and other general economic, industry and market conditions.

 

 

High Yield Risk — The Fund intends to invest in high yield instruments (commonly known as “junk bonds”) which may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade instruments and may experience extreme price fluctuations. The securities of such companies may be considered speculative and the ability of such companies to pay their debts on schedule may be uncertain.

 

 

Illiquid Investment Risk — Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security. The market for lower-quality debt instruments, including junk bonds and leveraged loans, is generally less liquid than the market for higher-quality debt instruments.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program that seeks to reduce the impact of foreign exchange rate changes on the Fund’s value. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Bank Loan Risk — The Fund may invest in bank loans. These investments potentially expose the Fund to the credit risk of the underlying borrower, and in certain cases, of the financial institution. The Fund’s ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. The market for bank loans may be illiquid and the Fund may have difficulty selling them, especially in the case of leveraged loans, which can be difficult to value. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price. At times, the Fund may decline to receive non-public information relating to loans, which could disadvantage the Fund relative to other investors.

 

 

Real Estate Industry Risk — The Fund may invest in real estate investment trusts (“REITs”), which are subject to risks affecting the real estate industry generally (including market conditions, competition, property obsolescence, changes in interest rates and casualty to real estate), as well as risks specifically affecting REITs (the quality and skill of REIT management and the internal expenses of the REIT).


For more information on the risks of investing in the Global Income Builder Fund, please see the More Information about the Funds’ Investments section.

Investment Results

The following information provides an indication of the risks of investing in the Global Income Builder Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/global-income-builder-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Calendar Year Total Returns—Class A
Bar Chart
 

*

 

For the period presented in the bar chart above.

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2013

 

5.09%

 

 

 

Third Quarter 2015

 

-6.08%

 

 

 

 

 

Average Annual Total Returns as of December 31, 2016

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Average Annual Returns - First Eagle Global Income Builder Fund
1 Year
Since Inception
Inception Date
Class A 4.64% 4.58% May 01, 2012
Class C 8.31% 4.94% May 01, 2012
Class I 10.30% 6.00% May 01, 2012
After Taxes on Distributions | Class A 3.50% 3.39%  
After Taxes on Distributions and Sale of Fund Shares | Class A 2.89% 3.17%  
60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index 5.71% 6.28% May 01, 2012
MSCI World Index 7.51% 8.81% May 01, 2012
Bloomberg Barclays U.S. Aggregate Bond Index 2.65% 2.11% May 01, 2012
XML 24 R41.htm IDEA: XBRL DOCUMENT v3.6.0.2
Label Element Value
First Eagle Global Income Builder Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle Global Income Builder Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

First Eagle Global Income Builder Fund (“Global Income Builder Fund”) seeks current income generation and long-term growth of capital.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Global Income Builder Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following information describes the fees and expenses you may pay if you buy and hold shares of the Global Income Builder Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Income Builder Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The Global Income Builder Fund pays transaction costs when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 29.76% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 29.76%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Income Builder Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the Global Income Builder Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To achieve its objective of current income generation and long-term growth of capital, the Global Income Builder Fund will normally invest primarily in common stocks of U.S. and foreign companies that offer attractive dividend yields and a range of fixed income instruments, including high-yield, below investment grade instruments (commonly referred to as “junk bonds”), investment grade instruments and sovereign debt, from markets in the United States and multiple countries around the world.


Investment decisions for the Global Income Builder Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. Under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to income-producing securities. That generally means that approximately 80% or more of the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to such investments, which may include dividend paying equities, both high-yield (below investment grade) and investment grade debt, sovereign bonds, and various short-term debt instruments. The Fund may invest in securities with any maturity or investment rating, as well as unrated securities. The Fund may also invest (typically for hedging purposes) in derivative instruments such as options, futures contracts and options on futures contracts, credit default swaps, and swaps and options on indices.


Additionally, under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to foreign investments. That generally means that approximately 40% or more of the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to foreign investments (unless market conditions are not deemed favorable by the Fund, in which case the Fund expects to invest at least 30% of its net assets (plus any borrowings for investment purposes) in foreign investments). For purposes of these 80%, 40% and 30% of assets allocations, the Fund “counts” relevant derivative positions on investments, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of the Global Income Builder Fund can be broadly characterized as a “value” approach, as it seeks a “margin of safety” in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). With respect to equity investments in particular, a discount to “intrinsic value” is sought even for what appear to be the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. Investments in debt instruments are made after careful scrutiny of the underlying creditworthiness of the issuer, taking into account such factors as cash flow generation, liquidation value and structural protections. The Global Income Builder Fund seeks to own debt instruments that offer an attractive “margin of safety” on principal repayment relative to the total expected return of the security.

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any mutual fund investment, you may lose money by investing in the Global Income Builder Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the Fund, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund will invest in foreign investments. Foreign investments can be susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Prepayment Risk — Certain instruments, especially mortgage-backed securities, for example, are susceptible to the risk of prepayment by borrowers. During a period of declining interest rates, homeowners may refinance their high-rate mortgages and prepay the principal. Cash from these prepayments flows through to prepay the mortgage-backed securities, necessitating reinvestment in other assets, which may lower returns. Asset-backed securities, which are subject to risks similar to those of mortgage-backed securities, are also structured like mortgage-backed securities, but instead of mortgage loans or interests in mortgage loans, the underlying assets may include such items as motor vehicle installment sales or installment loan contracts, leases of various types of real and personal property and receivables from credit card agreements. The market for mortgage-backed and asset-backed instruments may be volatile and limited, which may make them difficult to buy or sell.

 

 

Changes in Debt Ratings Risk — If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.

 

 

Convertible Security Risk — Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition and credit rating and changes in interest rates and other general economic, industry and market conditions.

 

 

High Yield Risk — The Fund intends to invest in high yield instruments (commonly known as “junk bonds”) which may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade instruments and may experience extreme price fluctuations. The securities of such companies may be considered speculative and the ability of such companies to pay their debts on schedule may be uncertain.

 

 

Illiquid Investment Risk — Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security. The market for lower-quality debt instruments, including junk bonds and leveraged loans, is generally less liquid than the market for higher-quality debt instruments.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program that seeks to reduce the impact of foreign exchange rate changes on the Fund’s value. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Bank Loan Risk — The Fund may invest in bank loans. These investments potentially expose the Fund to the credit risk of the underlying borrower, and in certain cases, of the financial institution. The Fund’s ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. The market for bank loans may be illiquid and the Fund may have difficulty selling them, especially in the case of leveraged loans, which can be difficult to value. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price. At times, the Fund may decline to receive non-public information relating to loans, which could disadvantage the Fund relative to other investors.

 

 

Real Estate Industry Risk — The Fund may invest in real estate investment trusts (“REITs”), which are subject to risks affecting the real estate industry generally (including market conditions, competition, property obsolescence, changes in interest rates and casualty to real estate), as well as risks specifically affecting REITs (the quality and skill of REIT management and the internal expenses of the REIT).


For more information on the risks of investing in the Global Income Builder Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the Global Income Builder Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following information provides an indication of the risks of investing in the Global Income Builder Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/global-income-builder-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in the Global Income Builder Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/global-income-builder-fund
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class A
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock
 

*

 

For the period presented in the bar chart above.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2013

 

5.09%

 

 

 

Third Quarter 2015

 

-6.08%

 

 

 

 

 

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2013
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 5.09%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (6.08%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following table discloses after-tax returns only for Class A shares.


After-tax returns for Class C, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2016
First Eagle Global Income Builder Fund | 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.71%
Since Inception rr_AverageAnnualReturnSinceInception 6.28%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
First Eagle Global Income Builder Fund | MSCI World Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.51%
Since Inception rr_AverageAnnualReturnSinceInception 8.81%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
First Eagle Global Income Builder Fund | Bloomberg Barclays U.S. Aggregate Bond Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.65%
Since Inception rr_AverageAnnualReturnSinceInception 2.11%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
First Eagle Global Income Builder Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.18% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.18%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 614
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 856
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,117
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,860
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 614
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 856
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,117
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,860
Annual Return 2013 rr_AnnualReturn2013 11.82%
Annual Return 2014 rr_AnnualReturn2014 1.24%
Annual Return 2015 rr_AnnualReturn2015 (2.30%)
Annual Return 2016 rr_AnnualReturn2016 10.11%
1 Year rr_AverageAnnualReturnYear01 4.64%
Since Inception rr_AverageAnnualReturnSinceInception 4.58%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
First Eagle Global Income Builder Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.50%
Since Inception rr_AverageAnnualReturnSinceInception 3.39%
First Eagle Global Income Builder Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.89%
Since Inception rr_AverageAnnualReturnSinceInception 3.17%
First Eagle Global Income Builder Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.19% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.94%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 297
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 609
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,047
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,264
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 197
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 609
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,047
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,264
1 Year rr_AverageAnnualReturnYear01 8.31%
Since Inception rr_AverageAnnualReturnSinceInception 4.94%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
First Eagle Global Income Builder Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.17% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 0.92%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 94
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 293
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 509
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,131
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 94
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 293
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 509
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,131
1 Year rr_AverageAnnualReturnYear01 10.30%
Since Inception rr_AverageAnnualReturnSinceInception 6.00%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
First Eagle Global Income Builder Fund | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.28% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.38%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 140
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 437
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 755
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,657
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 140
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 437
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 755
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,657
First Eagle Global Income Builder Fund | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.28% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.13%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 115
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 359
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 622
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,375
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 115
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 359
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 622
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,375
First Eagle Global Income Builder Fund | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.28% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.03%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 105
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 328
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 569
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,259
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 105
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 328
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 569
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,259
First Eagle Global Income Builder Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.13% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 0.88%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 90
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 281
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 488
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,084
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 90
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 281
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 488
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,084
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
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First Eagle High Yield Fund
First Eagle High Yield Fund
Investment Objective

First Eagle High Yield Fund (“High Yield Fund”) seeks to provide investors with a high level of current income.

Fees and Expenses of the High Yield Fund

The following information describes the fees and expenses you may pay if you buy and hold shares of the High Yield Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Yield Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - First Eagle High Yield Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 4.50% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [1] 1.00% none none none none none
[1] A contingent deferred sales charge of 1.00% may apply on redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - First Eagle High Yield Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees [1] 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none 0.35% 0.10% none none
Other Expenses [2] 0.25% 0.24% 0.21% 0.31% 0.31% 0.31% 0.16%
Total Annual Fund Operating Expenses (%) 1.20% 1.94% 0.91% 1.36% 1.11% 1.01% 0.86%
Fee Waiver [1] (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%)
Total Annual Fund Operating Expenses After Fee Waiver (%) 1.15% 1.89% 0.86% 1.31% 1.06% 0.96% 0.81%
[1] The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund's net assets for the period through February 28, 2018. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.65%.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Example

The following example is intended to help you compare the cost of investing in the High Yield Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - First Eagle High Yield Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 562 809 1,075 1,835
Class C 192 604 1,042 2,260
Class I 88 285 499 1,115
Class R3 133 426 740 1,631
Class R4 108 348 607 1,347
Class R5 98 317 553 1,232
Class R6 83 272 479 1,076
Held
Expense Example No Redemption - First Eagle High Yield Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 562 809 1,075 1,835
Class C 292 604 1,042 2,260
Class I 88 285 499 1,115
Class R3 133 426 740 1,631
Class R4 108 348 607 1,347
Class R5 98 317 553 1,232
Class R6 83 272 479 1,076
Portfolio Turnover Rate

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The High Yield Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 36.88% of the average value of its portfolio.

Principal Investment Strategies

To pursue its investment objective, the High Yield Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in high yield, below investment-grade securities (commonly referred to as “junk bonds”) and instruments. Such high yield instruments may include corporate bonds and loans, municipal bonds, and mortgage-backed and asset-backed securities. The Fund may invest in, and count for the purposes of this 80% allotment, unrated securities or other instruments deemed by the Fund’s Adviser to be below investment grade. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books.


The Fund may invest its assets in the securities of both U.S. and foreign issuers. The Fund may also invest (typically for hedging purposes) in derivative instruments such as options, futures contracts and options on futures contracts, credit default swaps, and swaps and options on indices.


The Fund may invest in securities with any investment rating or time to maturity, as well as unrated securities. An investment in the Fund is not intended to be a complete investment program.

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the High Yield Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the Fund, which could adversely affect its net asset value and total return, are:


 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

High Yield Risk — The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) under normal market conditions in high yield instruments (commonly known as “junk bonds”) which may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade securities and may experience extreme price fluctuations. The securities of such companies may be considered speculative and the ability of such companies to pay their debts on schedule may be uncertain.

 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments can be susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Convertible Security Risk — Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition, credit rating and changes in interest rates and other general economic, industry and market conditions.

 

 

Illiquid Investment Risk — Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security. The market for lower-quality debt instruments, including junk bonds, is generally less liquid than the market for higher-quality debt instruments.

 

 

Prepayment Risk — Certain instruments, especially mortgage-backed securities, for example, are susceptible to the risk of prepayment by borrowers. During a period of declining interest rates, homeowners may refinance their high-rate mortgages and prepay the principal. Cash from these prepayments flows through to prepay the mortgage-backed securities, necessitating reinvestment in other assets, which may lower returns. Asset-backed securities, which are subject to risks similar to those of mortgage-backed securities, are also structured like mortgage-backed securities, but instead of mortgage loans or interests in mortgage loans, the underlying assets may include such items as motor vehicle installment sales or installment loan contracts, leases of various types of real and personal property and receivables from credit card agreements. The market for mortgage-backed and asset-backed instruments may be volatile and limited, which may make them difficult to buy or sell.

 

 

Bank Loan Risk — The Fund may invest in bank loans. These investments potentially expose the Fund to the credit risk of the underlying borrower, and in certain cases, of the financial institution. The Fund’s ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. The market for bank loans may be illiquid and the Fund may have difficulty selling them, especially in the case of leveraged loans, which can be difficult to value. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price. At times, the Fund may decline to receive non-public information relating to loans, which could disadvantage the Fund relative to other investors.

 

 

Changes in Debt Ratings Risk — If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. The Fund may use derivatives in seeking to reduce the impact of foreign exchange rate changes on the Fund’s value. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.


For more information on the risks of investing in the Fund, please see the More Information about the Funds’ Investments section.

Investment Results

The High Yield Fund commenced operations in its present form on or about December 30, 2011 and is the successor to the Old Mutual High Yield Fund (the “Predecessor Fund”) pursuant to a reorganization on or about that same date. The Predecessor Fund had similar investment objectives and strategies as the Fund, but was managed by another investment adviser.


The following information provides an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1 and 5 years and since inception compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/high-yield-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.

Calendar Year Total Returns—Class I
Bar Chart
 

*

 

For the period presented in the bar chart above.

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

24.95%

 

 

 

Fourth Quarter 2008

 

-10.60%

 

 

 

 

 

Average Annual Total Returns as of December 31, 2016

The following average annual total returns table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C, Class R3, Class R4, Class R5 and Class R6 shares will vary. Returns shown for Class I shares assume commencement of operations on November 19, 2007, which is the date of organization of the Predecessor Fund. Returns shown for Class A and Class C assume commencement of operations on January 3, 2012, which is the date of inception for these share classes. Returns shown for Class I shares include the returns of the Predecessor Fund for periods prior to January 1, 2012. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Average Annual Returns - First Eagle High Yield Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 11.55%   4.49% Jan. 03, 2012
Class C 15.01%   4.64% Jan. 03, 2012
Class I 17.19% 6.01% 8.92% Nov. 19, 2007
After Taxes on Distributions | Class I 14.24% 3.27% 5.15%  
After Taxes on Distributions and Sale of Fund Shares | Class I 9.59% 3.41% 5.38%  
Bloomberg Barclays U.S. Corporate High Yield Index Class A Comparison 17.13% 7.36% 7.24% Jan. 03, 2012
Bloomberg Barclays U.S. Corporate High Yield Index Class C Comparison 17.13% 7.36% 7.24% Nov. 19, 2007
Bloomberg Barclays U.S. Corporate High Yield Index Class I Comparison 17.13% 7.36% 8.06% Jan. 03, 2012
XML 27 R49.htm IDEA: XBRL DOCUMENT v3.6.0.2
Label Element Value
First Eagle High Yield Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle High Yield Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

First Eagle High Yield Fund (“High Yield Fund”) seeks to provide investors with a high level of current income.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the High Yield Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following information describes the fees and expenses you may pay if you buy and hold shares of the High Yield Fund.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Yield Fund. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Feb. 28, 2018
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The High Yield Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 36.88% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 36.88%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Yield Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 100,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in the High Yield Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To pursue its investment objective, the High Yield Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in high yield, below investment-grade securities (commonly referred to as “junk bonds”) and instruments. Such high yield instruments may include corporate bonds and loans, municipal bonds, and mortgage-backed and asset-backed securities. The Fund may invest in, and count for the purposes of this 80% allotment, unrated securities or other instruments deemed by the Fund’s Adviser to be below investment grade. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books.


The Fund may invest its assets in the securities of both U.S. and foreign issuers. The Fund may also invest (typically for hedging purposes) in derivative instruments such as options, futures contracts and options on futures contracts, credit default swaps, and swaps and options on indices.


The Fund may invest in securities with any investment rating or time to maturity, as well as unrated securities. An investment in the Fund is not intended to be a complete investment program.

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any mutual fund investment, you may lose money by investing in the High Yield Fund. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in the Fund, which could adversely affect its net asset value and total return, are:


 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

High Yield Risk — The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) under normal market conditions in high yield instruments (commonly known as “junk bonds”) which may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade securities and may experience extreme price fluctuations. The securities of such companies may be considered speculative and the ability of such companies to pay their debts on schedule may be uncertain.

 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments can be susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.

 

 

Convertible Security Risk — Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition, credit rating and changes in interest rates and other general economic, industry and market conditions.

 

 

Illiquid Investment Risk — Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security. The market for lower-quality debt instruments, including junk bonds, is generally less liquid than the market for higher-quality debt instruments.

 

 

Prepayment Risk — Certain instruments, especially mortgage-backed securities, for example, are susceptible to the risk of prepayment by borrowers. During a period of declining interest rates, homeowners may refinance their high-rate mortgages and prepay the principal. Cash from these prepayments flows through to prepay the mortgage-backed securities, necessitating reinvestment in other assets, which may lower returns. Asset-backed securities, which are subject to risks similar to those of mortgage-backed securities, are also structured like mortgage-backed securities, but instead of mortgage loans or interests in mortgage loans, the underlying assets may include such items as motor vehicle installment sales or installment loan contracts, leases of various types of real and personal property and receivables from credit card agreements. The market for mortgage-backed and asset-backed instruments may be volatile and limited, which may make them difficult to buy or sell.

 

 

Bank Loan Risk — The Fund may invest in bank loans. These investments potentially expose the Fund to the credit risk of the underlying borrower, and in certain cases, of the financial institution. The Fund’s ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. The market for bank loans may be illiquid and the Fund may have difficulty selling them, especially in the case of leveraged loans, which can be difficult to value. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price. At times, the Fund may decline to receive non-public information relating to loans, which could disadvantage the Fund relative to other investors.

 

 

Changes in Debt Ratings Risk — If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.

 

 

Derivatives Risk — Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. The Fund may use derivatives in seeking to reduce the impact of foreign exchange rate changes on the Fund’s value. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes.

 

 

Currency Risk — Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.


For more information on the risks of investing in the Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the High Yield Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The High Yield Fund commenced operations in its present form on or about December 30, 2011 and is the successor to the Old Mutual High Yield Fund (the “Predecessor Fund”) pursuant to a reorganization on or about that same date. The Predecessor Fund had similar investment objectives and strategies as the Fund, but was managed by another investment adviser.


The following information provides an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1 and 5 years and since inception compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/high-yield-fund or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1 and 5 years and since inception compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/high-yield-fund
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class I
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock
 

*

 

For the period presented in the bar chart above.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

24.95%

 

 

 

Fourth Quarter 2008

 

-10.60%

 

 

 

 

 

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 24.95%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (10.60%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following average annual total returns table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following average annual total returns table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C, Class R3, Class R4, Class R5 and Class R6 shares will vary. Returns shown for Class I shares assume commencement of operations on November 19, 2007, which is the date of organization of the Predecessor Fund. Returns shown for Class A and Class C assume commencement of operations on January 3, 2012, which is the date of inception for these share classes. Returns shown for Class I shares include the returns of the Predecessor Fund for periods prior to January 1, 2012. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2016
First Eagle High Yield Fund | Bloomberg Barclays U.S. Corporate High Yield Index Class A Comparison  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 17.13%
5 Years rr_AverageAnnualReturnYear05 7.36%
Since Inception rr_AverageAnnualReturnSinceInception 7.24%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 03, 2012
First Eagle High Yield Fund | Bloomberg Barclays U.S. Corporate High Yield Index Class C Comparison  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 17.13%
5 Years rr_AverageAnnualReturnYear05 7.36%
Since Inception rr_AverageAnnualReturnSinceInception 7.24%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 19, 2007
First Eagle High Yield Fund | Bloomberg Barclays U.S. Corporate High Yield Index Class I Comparison  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 17.13%
5 Years rr_AverageAnnualReturnYear05 7.36%
Since Inception rr_AverageAnnualReturnSinceInception 8.06%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 03, 2012
First Eagle High Yield Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.25% [3]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.20%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.15%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 562
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 809
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,075
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,835
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 562
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 809
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,075
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,835
1 Year rr_AverageAnnualReturnYear01 11.55%
Since Inception rr_AverageAnnualReturnSinceInception 4.49%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 03, 2012
First Eagle High Yield Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.24% [3]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.94%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.89%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 192
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 604
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,042
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,260
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 292
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 604
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,042
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,260
1 Year rr_AverageAnnualReturnYear01 15.01%
Since Inception rr_AverageAnnualReturnSinceInception 4.64%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 03, 2012
First Eagle High Yield Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.21% [3]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 0.91%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 88
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 285
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 499
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,115
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 88
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 285
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 499
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,115
Annual Return 2008 rr_AnnualReturn2008 (15.70%)
Annual Return 2009 rr_AnnualReturn2009 60.00%
Annual Return 2010 rr_AnnualReturn2010 15.76%
Annual Return 2011 rr_AnnualReturn2011 4.08%
Annual Return 2012 rr_AnnualReturn2012 15.19%
Annual Return 2013 rr_AnnualReturn2013 6.92%
Annual Return 2014 rr_AnnualReturn2014 (0.24%)
Annual Return 2015 rr_AnnualReturn2015 (7.04%)
Annual Return 2016 rr_AnnualReturn2016 17.19%
1 Year rr_AverageAnnualReturnYear01 17.19%
5 Years rr_AverageAnnualReturnYear05 6.01%
Since Inception rr_AverageAnnualReturnSinceInception 8.92%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 19, 2007
First Eagle High Yield Fund | Class I | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 14.24%
5 Years rr_AverageAnnualReturnYear05 3.27%
Since Inception rr_AverageAnnualReturnSinceInception 5.15%
First Eagle High Yield Fund | Class I | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.59%
5 Years rr_AverageAnnualReturnYear05 3.41%
Since Inception rr_AverageAnnualReturnSinceInception 5.38%
First Eagle High Yield Fund | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.31% [3]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.36%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 133
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 426
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 740
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,631
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 133
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 426
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 740
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,631
First Eagle High Yield Fund | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.31% [3]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.11%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 108
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 348
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 607
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,347
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 108
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 348
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 607
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,347
First Eagle High Yield Fund | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.31% [3]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.01%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.96%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 98
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 317
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 553
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,232
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 98
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 317
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 553
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,232
First Eagle High Yield Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.16% [3]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 0.86%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 83
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 272
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 479
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,076
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 83
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 272
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 479
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,076
[1] A contingent deferred sales charge of 1.00% may apply on redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
[2] The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund's net assets for the period through February 28, 2018. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.65%.
[3] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
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First Eagle Fund of America
First Eagle Fund of America
Investment Objective

First Eagle Fund of America (“Fund of America”) seeks capital appreciation by investing primarily in domestic stocks and, to a lesser extent, in debt and foreign equity securities.

Fees and Expenses of the Fund of America

The following information describes the fees and expenses you may pay if you buy and hold shares of Fund of America.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in Fund of America. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to the Fund’s Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - First Eagle Fund of America
Class A
Class C
Class Y
[1]
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 5.00% none none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [2] 1.00% none none none none none none
[1] Closed to new investors.
[2] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - First Eagle Fund of America
Class A
Class C
Class Y
[2]
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees [1] 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90%
Distribution and Service (12b-1) Fees 0.25% 1.00% 0.25% none 0.35% 0.10% none none
Other Expenses [3] 0.15% 0.16% 0.16% 0.11% 0.21% 0.21% 0.21% 0.06%
Total Annual Operating Expenses (%) 1.30% 2.06% 1.31% 1.01% 1.46% 1.21% 1.11% 0.96%
[1] 0.90% on the Fund's first $5 billion in net assets, and 0.85% in excess of $5 billion.
[2] Closed to new investors.
[3] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Example

The following example is intended to help you compare the cost of investing in Fund of America with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - First Eagle Fund of America - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 626 891 1,177 1,989
Class C 309 646 1,108 2,390
Class Y 133 415 718 1,579
Class I 103 322 558 1,236
Class R3 151 468 808 1,768
Class R4 125 390 676 1,489
Class R5 115 359 622 1,375
Class R6 99 309 536 1,190
Held
Expense Example No Redemption - First Eagle Fund of America - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 626 891 1,177 1,989
Class C 209 646 1,108 2,390
Class Y 133 415 718 1,579
Class I 103 322 558 1,236
Class R3 151 468 808 1,768
Class R4 125 390 676 1,489
Class R5 115 359 622 1,375
Class R6 99 309 536 1,190
Portfolio Turnover Rate

Fund of America pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund of America operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, Fund of America’s portfolio turnover rate was 55.06% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of capital appreciation, Fund of America will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments. Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) are invested in domestic equity and debt instruments. Equity securities include common stocks, preferred stocks, convertible securities and warrants. The Fund may also invest in repurchase agreements and derivatives.


Derivatives include investing in options, futures and swaps and related products. Specifically, the Fund may enter into interest rate, credit default, currency, equity, fixed income and index swaps and the purchase or sale of related caps, floors and collars.


In addition, the Fund may enter into options on securities and on stock indices to limit the Fund’s investment risk and augment its investment return. Further, the Fund may write “covered” call options on equity or debt securities and on stock indices in seeking to enhance investment return or to hedge against declines in the prices of portfolio securities or may write put options to hedge against increases in the prices of securities which it intends to purchase. The Fund also may write call options on broadly based stock and bond market indices if at the time of writing it holds a portfolio of stocks or bonds listed on such index. Finally, the Fund may utilize futures contracts and options on futures on securities exchanges or in the over-the-counter market.


The Fund may enter into certain types of repurchase agreements, primarily as a cash management strategy.


Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) will be invested in domestic equity and debt instruments. The Fund “counts” derivative positions on these instruments for purposes of this 80% allocation, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of Fund of America can be broadly characterized as a bottom-up, event-driven approach to choose stocks that it believes are undervalued and should perform well. In a bottom-up approach, companies and securities are researched and chosen individually. In an event-driven approach, one looks for companies that appear to be undervalued in relation to their potential value in light of positive corporate changes. Signals of corporate change can be management changes, large share repurchases, potential acquisitions or mergers. If changes are successful, these companies should realize a rise in the stock price. Fund of America invests in the securities of companies that it believes are undervalued relative to their overall financial and managerial strength. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may invest in debt securities generally without regard to their credit rating or time to maturity. However, the Fund has no current intention of investing more than 5% of its net assets in high yield bonds.

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in Fund of America. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in Fund of America, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which Fund of America invests, as well as economic, political, or social events in the United States or abroad.

 

 

Event-Driven Style Risk — The event-driven investment style carries the additional risk that the event anticipated occurs later than expected, does not occur at all, or does not have the desired effect on the market price of the securities.

 

 

Diversification Risk — The Fund is a non-diversified mutual fund, and as a result, an investment in Fund of America may expose your money to greater risks than if you invest in a diversified fund. Fund of America will invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Repurchase Agreements Risk — The Fund may enter into certain types of repurchase agreements, primarily as a cash management strategy. If the seller fails to repurchase the security and the market value declines, Fund of America may lose money.

 

 

Options Risk — The Fund may engage in various options transactions in which Fund of America seeks to limit investment risk or increase investment returns by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.


For more information on the risks of investing in Fund of America, please see the More Information about the Funds’ Investments section.

Investment Results

The following information provides an indication of the risks of investing in Fund of America by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/fund-america or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Calendar Year Total Returns—Class Y
Bar Chart
 

*

 

For the period presented in the bar chart above.

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

13.03%

 

 

 

Fourth Quarter 2008

 

-20.71%

 

 

 

 

 

Average Annual Total Returns as of December 31, 2016

The following table discloses after-tax returns only for Class Y shares.


After-tax returns for Class C, Class A, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Average Annual Returns - First Eagle Fund of America
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class Y (1.97%) 10.62% 6.92%    
Class C (3.61%) 9.79% 6.13%    
Class A (6.86%) 9.49% 6.39%    
Class I (1.71%)     6.74% Mar. 08, 2013
After Taxes on Distributions | Class Y (3.39%) 9.68% 6.04%    
After Taxes on Distributions and Sale of Fund Shares | Class Y 0.07% 8.45% 5.55%    
Standard & Poor’s 500 Index 11.96% 14.66% 6.95% 12.38% Mar. 08, 2013

XML 30 R57.htm IDEA: XBRL DOCUMENT v3.6.0.2
Label Element Value
First Eagle Fund of America  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle Fund of America
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

First Eagle Fund of America (“Fund of America”) seeks capital appreciation by investing primarily in domestic stocks and, to a lesser extent, in debt and foreign equity securities.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund of America
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following information describes the fees and expenses you may pay if you buy and hold shares of Fund of America.


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in Fund of America. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 71 and 78, respectively, and in the appendix to the Fund’s Prospectus titled Intermediary-Specific Sales Load and Waiver Terms.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

Fund of America pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual Fund of America operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, Fund of America’s portfolio turnover rate was 55.06% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 55.06%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in Fund of America.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates “Other Expenses” shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in Fund of America with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

To achieve its objective of capital appreciation, Fund of America will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments. Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) are invested in domestic equity and debt instruments. Equity securities include common stocks, preferred stocks, convertible securities and warrants. The Fund may also invest in repurchase agreements and derivatives.


Derivatives include investing in options, futures and swaps and related products. Specifically, the Fund may enter into interest rate, credit default, currency, equity, fixed income and index swaps and the purchase or sale of related caps, floors and collars.


In addition, the Fund may enter into options on securities and on stock indices to limit the Fund’s investment risk and augment its investment return. Further, the Fund may write “covered” call options on equity or debt securities and on stock indices in seeking to enhance investment return or to hedge against declines in the prices of portfolio securities or may write put options to hedge against increases in the prices of securities which it intends to purchase. The Fund also may write call options on broadly based stock and bond market indices if at the time of writing it holds a portfolio of stocks or bonds listed on such index. Finally, the Fund may utilize futures contracts and options on futures on securities exchanges or in the over-the-counter market.


The Fund may enter into certain types of repurchase agreements, primarily as a cash management strategy.


Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) will be invested in domestic equity and debt instruments. The Fund “counts” derivative positions on these instruments for purposes of this 80% allocation, and in doing so, values each position at the price at which it is held on the Fund’s books.


The investment philosophy and strategy of Fund of America can be broadly characterized as a bottom-up, event-driven approach to choose stocks that it believes are undervalued and should perform well. In a bottom-up approach, companies and securities are researched and chosen individually. In an event-driven approach, one looks for companies that appear to be undervalued in relation to their potential value in light of positive corporate changes. Signals of corporate change can be management changes, large share repurchases, potential acquisitions or mergers. If changes are successful, these companies should realize a rise in the stock price. Fund of America invests in the securities of companies that it believes are undervalued relative to their overall financial and managerial strength. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may invest in debt securities generally without regard to their credit rating or time to maturity. However, the Fund has no current intention of investing more than 5% of its net assets in high yield bonds.

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any mutual fund investment, you may lose money by investing in Fund of America. The likelihood of loss may be greater if you invest for a shorter period of time. An investment in the Fund is not intended to be a complete investment program.


Principal risks of investing in Fund of America, which could adversely affect its net asset value and total return, are:


 

 

Market Risk — The value of the Fund’s portfolio holdings may fluctuate in response to events specific to the companies or markets in which Fund of America invests, as well as economic, political, or social events in the United States or abroad.

 

 

Event-Driven Style Risk — The event-driven investment style carries the additional risk that the event anticipated occurs later than expected, does not occur at all, or does not have the desired effect on the market price of the securities.

 

 

Diversification Risk — The Fund is a non-diversified mutual fund, and as a result, an investment in Fund of America may expose your money to greater risks than if you invest in a diversified fund. Fund of America will invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, e.g., junk bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade.

 

 

Repurchase Agreements Risk — The Fund may enter into certain types of repurchase agreements, primarily as a cash management strategy. If the seller fails to repurchase the security and the market value declines, Fund of America may lose money.

 

 

Options Risk — The Fund may engage in various options transactions in which Fund of America seeks to limit investment risk or increase investment returns by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.

 

 

Foreign Investment Risk — The Fund may invest in foreign investments. Foreign investments are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations.


For more information on the risks of investing in Fund of America, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in Fund of America.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a non-diversified mutual fund, and as a result, an investment in Fund of America may expose your money to greater risks than if you invest in a diversified fund. Fund of America will invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment Results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following information provides an indication of the risks of investing in Fund of America by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.


Updated performance information is available at www.feim.com/individual-investors/fund/fund-america or by calling 800.334.2143.


The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in Fund of America by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/fund-america
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class Y
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock
 

*

 

For the period presented in the bar chart above.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

13.03%

 

 

 

Fourth Quarter 2008

 

-20.71%

 

 

 

 

 

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.03%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.71%)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following table discloses after-tax returns only for Class Y shares. After-tax returns for Class C, Class A, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following table discloses after-tax returns only for Class Y shares.


After-tax returns for Class C, Class A, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are newly organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2016
First Eagle Fund of America | Standard & Poor’s 500 Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.96%
5 Years rr_AverageAnnualReturnYear05 14.66%
10 Years rr_AverageAnnualReturnYear10 6.95%
Since Inception rr_AverageAnnualReturnSinceInception 12.38%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 08, 2013
First Eagle Fund of America | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.15% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.30%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 626
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 891
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,177
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,989
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 626
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 891
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,177
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,989
1 Year rr_AverageAnnualReturnYear01 (6.86%)
5 Years rr_AverageAnnualReturnYear05 9.49%
10 Years rr_AverageAnnualReturnYear10 6.39%
First Eagle Fund of America | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.16% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 2.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 309
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 646
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,108
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,390
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 209
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 646
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,108
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,390
1 Year rr_AverageAnnualReturnYear01 (3.61%)
5 Years rr_AverageAnnualReturnYear05 9.79%
10 Years rr_AverageAnnualReturnYear10 6.13%
First Eagle Fund of America | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none [4]
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none [4]
Management Fees rr_ManagementFeesOverAssets 0.90% [2],[4]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [4]
Other Expenses rr_OtherExpensesOverAssets 0.16% [3],[4]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.31% [4]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 133
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 415
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 718
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,579
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 133
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 415
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 718
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,579
Annual Return 2007 rr_AnnualReturn2007 12.42%
Annual Return 2008 rr_AnnualReturn2008 (30.74%)
Annual Return 2009 rr_AnnualReturn2009 26.13%
Annual Return 2010 rr_AnnualReturn2010 21.33%
Annual Return 2011 rr_AnnualReturn2011 (1.01%)
Annual Return 2012 rr_AnnualReturn2012 21.16%
Annual Return 2013 rr_AnnualReturn2013 31.04%
Annual Return 2014 rr_AnnualReturn2014 10.32%
Annual Return 2015 rr_AnnualReturn2015 (3.54%)
Annual Return 2016 rr_AnnualReturn2016 (1.97%)
1 Year rr_AverageAnnualReturnYear01 (1.97%)
5 Years rr_AverageAnnualReturnYear05 10.62%
10 Years rr_AverageAnnualReturnYear10 6.92%
First Eagle Fund of America | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (3.39%)
5 Years rr_AverageAnnualReturnYear05 9.68%
10 Years rr_AverageAnnualReturnYear10 6.04%
First Eagle Fund of America | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.07%
5 Years rr_AverageAnnualReturnYear05 8.45%
10 Years rr_AverageAnnualReturnYear10 5.55%
First Eagle Fund of America | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.11% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.01%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 103
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 322
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 558
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,236
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 103
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 322
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 558
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,236
1 Year rr_AverageAnnualReturnYear01 (1.71%)
Since Inception rr_AverageAnnualReturnSinceInception 6.74%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 08, 2013
First Eagle Fund of America | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.21% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.46%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 151
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 468
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 808
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,768
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 151
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 468
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 808
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,768
First Eagle Fund of America | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.21% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.21%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 125
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 390
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 676
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,489
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 125
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 390
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 676
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,489
First Eagle Fund of America | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.21% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.11%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 115
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 359
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 622
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,375
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 115
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 359
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 622
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,375
First Eagle Fund of America | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.06% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.96%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 99
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 309
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 536
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,190
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 99
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 309
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 536
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,190
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
[2] 0.90% on the Fund's first $5 billion in net assets, and 0.85% in excess of $5 billion.
[3] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2016 and estimated expenses in the case of newly organized share classes.
[4] Closed to new investors.
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