0000930413-18-000949.txt : 20180312 0000930413-18-000949.hdr.sgml : 20180312 20180312163335 ACCESSION NUMBER: 0000930413-18-000949 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 54 FILED AS OF DATE: 20180312 DATE AS OF CHANGE: 20180312 EFFECTIVENESS DATE: 20180312 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: 18683784 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: 18683785 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 EARGX C000179764 Class R4 EAGRX C000179765 Class R5 FRGLX C000179766 Class R6 FEGRX C000182924 Class T FEGTX 0000906352 S000011212 First Eagle Overseas Fund C000030897 Class A SGOVX C000030898 Class I SGOIX C000030899 Class C FESOX C000179767 Class R3 EAROX C000179768 Class R4 FIORX C000179769 Class R5 FEROX C000179770 Class R6 FEORX C000182925 Class T FEOTX 0000906352 S000011213 First Eagle U.S. Value Fund C000030900 Class A FEVAX C000030901 Class I FEVIX C000030902 Class C FEVCX C000179771 Class R4 FIVRX C000179772 Class R5 FERVX C000179773 Class R6 FEVRX C000179774 Class R3 EARVX C000182926 Class T FEVTX 0000906352 S000011214 First Eagle Gold Fund C000030903 Class A SGGDX C000030904 Class I FEGIX C000030905 Class C FEGOX C000179775 Class R3 EAURX C000179776 Class R4 FIURX C000179777 Class R5 FERUX C000179778 Class R6 FEURX C000182927 Class T FEUTX 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 EARFX C000179780 Class R4 EAFRX C000179781 Class R5 FERFX C000179782 Class R6 FEFRX C000182928 Class T FEFTX 0000906352 S000035180 First Eagle High Yield Fund C000108220 Class A FEHAX C000108221 Class C FEHCX C000108222 Class I FEHIX C000179783 Class R3 EARHX C000179784 Class R4 FIHRX C000179785 Class R5 FERHX C000179786 Class R6 FEHRX C000182929 Class T FEHTX 0000906352 S000035750 First Eagle Global Income Builder Fund C000109583 Class A FEBAX C000109584 Class C FEBCX C000109585 Class I FEBIX C000179787 Class R3 FBRRX C000179788 Class R4 FIBRX C000179789 Class R5 EABRX C000179790 Class R6 FEBRX C000182930 Class T FEITX 485BPOS 1 c89797_485bpos.htm Untitled Document

As filed with the Securities and Exchange Commission on March 12, 2018

 

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. 88 x

 

AND/OR

REGISTRATION STATEMENT

UNDER

 

  THE INVESTMENT COMPANY ACT OF 1940 x
     
  AMENDMENT NO. 90 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 12th day of March, 2018.

 

  FIRST EAGLE FUNDS
   
  By: /s/ MEHDI MAHMUD  
    MEHDI MAHMUD
    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 12, 2018
(LISA ANDERSON)        
         
/s/ JOHN P. ARNHOLD   Trustee   March 12, 2018
(JOHN P. ARNHOLD)        
         
/s/ JEAN-MARIE EVEILLARD*   Trustee   March 12, 2018
(JEAN-MARIE EVEILLARD)        
         
/s/ CANDACE K. BEINECKE*   Trustee   March 12, 2018
(CANDACE K. BEINECKE)        
         
/s/ JEAN D. HAMILTON*   Trustee   March 12, 2018
(JEAN D. HAMILTON)        
         
/s/ JAMES E. JORDAN*   Trustee   March 12, 2018
(JAMES E. JORDAN)        
         
/s/ WILLIAM M. KELLY*   Trustee   March 12, 2018
(WILLIAM M. KELLY)        
         
/s/ PAUL J. LAWLER*   Trustee   March 12, 2018
(PAUL J. LAWLER)        
         
/s/ JOSEPH MALONE*   Chief Financial Officer   March 12, 2018
(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 12th day of March, 2018.

 

 

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 12, 2018

(PETER HUBER)

 

 

 

 

 

 

 

 

 

/s/ GLENN MITCHELL*

 

Director

 

March 12, 2018

(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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"Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2017 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, 2019. 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%. 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, 2019. 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% of the first $2.25 billion of the Fund's average daily net assets, 0.85% of the next $2.75 billion of average daily net assets, and 0.80% of average daily net assets in excess of $5 billion. "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2017 as adjusted for estimates in the case of newly organized share classes. 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The bar chart above and table below disclose returns only for Class Y shares (which are not offered by this prospectus). 800.334.2143 After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.feim.com/individual-investors/fund/fund-america Average Annual Total Returns as of December 31, 2017 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. 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 Fund of America with the cost of investing in other mutual funds. 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Document and Entity Information
Total
Prospectus:  
Document Type 485BPOS
Document Period End Date Mar. 01, 2018
Registrant Name FIRST EAGLE FUNDS
Central Index Key 0000906352
Amendment Flag false
Document Creation Date Feb. 28, 2018
Document Effective Date Mar. 01, 2018
Prospectus Date Mar. 01, 2018
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Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Multi-class Prospectus - 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 - Multi-class Prospectus - 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] 0.11% 0.10% 0.09% 0.19% 0.19% 0.19% 0.03%
Total Annual Operating Expenses (%) 1.11% 1.85% 0.84% 1.29% 1.04% 0.94% 0.78%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2017 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 - Multi-class Prospectus - First Eagle Global Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 608 835 1,081 1,784
Class C 288 582 1,001 2,169
Class I 86 268 466 1,037
Class R3 131 409 708 1,556
Class R4 106 331 574 1,271
Class R5 96 300 520 1,155
Class R6 80 249 433 966
Held
Expense Example No Redemption - Multi-class Prospectus - First Eagle Global Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 608 835 1,081 1,784
Class C 188 582 1,001 2,169
Class I 86 268 466 1,037
Class R3 131 409 708 1,556
Class R4 106 331 574 1,271
Class R5 96 300 520 1,155
Class R6 80 249 433 966
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 9.67% 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 (generally market price).


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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2009

 

14.58%

 

 

 

Fourth Quarter 2008

 

-10.66%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2017

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Returns - Multi-class Prospectus - First Eagle Global Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A 7.80% 7.04% 6.05%    
Class C 11.63% 7.33% 5.79%    
Class I 13.78% 8.42% 6.87%    
Class R6       8.21% Mar. 01, 2017
After Taxes on Distributions | Class A 6.75% 6.03% 5.31%    
After Taxes on Distributions and Sales of Fund Shares | Class A 5.27% 5.38% 4.81%    
MSCI World Index 22.40% 11.64% 5.03% 15.17% Mar. 01, 2017

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Label Element Value
Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End 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 9.67% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 9.67%
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, 2017 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 (generally market price).


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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
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 Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2009

 

14.58%

 

 

 

Fourth Quarter 2008

 

-10.66%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2017
Multi-class Prospectus | First Eagle Global Fund | MSCI World Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.40%
5 Years rr_AverageAnnualReturnYear05 11.64%
10 Years rr_AverageAnnualReturnYear10 5.03%
Since Inception rr_AverageAnnualReturnSinceInception 15.17%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | 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 0.11% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.11%
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 $ 608
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 835
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,081
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,784
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 608
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 835
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,081
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,784
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%
Annual Return 2017 rr_AnnualReturn2017 13.49%
1 Year rr_AverageAnnualReturnYear01 7.80%
5 Years rr_AverageAnnualReturnYear05 7.04%
10 Years rr_AverageAnnualReturnYear10 6.05%
Multi-class Prospectus | First Eagle Global Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.75%
5 Years rr_AverageAnnualReturnYear05 6.03%
10 Years rr_AverageAnnualReturnYear10 5.31%
Multi-class Prospectus | First Eagle Global Fund | Class A | After Taxes on Distributions and Sales of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.27%
5 Years rr_AverageAnnualReturnYear05 5.38%
10 Years rr_AverageAnnualReturnYear10 4.81%
Multi-class Prospectus | 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 0.10% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.85%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 288
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 582
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,001
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,169
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 188
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 582
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,001
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,169
1 Year rr_AverageAnnualReturnYear01 11.63%
5 Years rr_AverageAnnualReturnYear05 7.33%
10 Years rr_AverageAnnualReturnYear10 5.79%
Multi-class Prospectus | 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 13.78%
5 Years rr_AverageAnnualReturnYear05 8.42%
10 Years rr_AverageAnnualReturnYear10 6.87%
Multi-class Prospectus | 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 0.19% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.29%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 131
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 409
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 708
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,556
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 131
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 409
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 708
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,556
Multi-class Prospectus | 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 0.19% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.04%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 106
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 331
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 574
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,271
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 106
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 331
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 574
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,271
Multi-class Prospectus | 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 0.19% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.94%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 96
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 300
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 520
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,155
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 96
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 300
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 520
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,155
Multi-class Prospectus | 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 0.03% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.78%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 80
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 249
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 433
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 966
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 80
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 249
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 433
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 966
Since Inception rr_AverageAnnualReturnSinceInception 8.21%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
[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, 2017 and estimated expenses in the case of newly organized share classes.
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Multi-class Prospectus | 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 87 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Multi-class Prospectus - 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 - Multi-class Prospectus - 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] 0.15% 0.13% 0.12% 0.20% 0.20% 0.20% 0.04%
Total Annual Operating Expenses (%) 1.15% 1.88% 0.87% 1.30% 1.05% 0.95% 0.79%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2017 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 - Multi-class Prospectus - First Eagle Overseas Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 611 847 1,101 1,828
Class C 291 591 1,016 2,201
Class I 89 278 482 1,073
Class R3 132 412 713 1,568
Class R4 107 334 579 1,283
Class R5 97 303 525 1,166
Class R6 81 252 439 978
Held
Expense Example No Redemption - Multi-class Prospectus - First Eagle Overseas Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 611 847 1,101 1,828
Class C 191 591 1,016 2,201
Class I 89 278 482 1,073
Class R3 132 412 713 1,568
Class R4 107 334 579 1,283
Class R5 97 303 525 1,166
Class R6 81 252 439 978
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 8.45% 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 non-U.S. companies, the majority of which are 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 (generally market price). 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.

 

 

Emerging Market Risk — When the Fund invests in emerging market securities (generally meaning those associated with less developed markets), the Fund may be exposed to market, credit, currency, liquidity, legal, political, technical and other risks different from, and generally greater than, the risks of investing in developed markets. Emerging market countries typically have less-established market economies than developed countries and may face greater social, economic, regulatory and political uncertainties. In addition, emerging markets typically present greater illiquidity and price volatility concerns due to smaller or limited local capital markets and greater difficulty in determining market valuations of securities due to limited public information on issuers.

 

 

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.

 

 

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.

 

 

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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

16.58%

 

 

 

Third Quarter 2008

 

-12.48%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2017

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Returns - Multi-class Prospectus - First Eagle Overseas Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A 8.34% 5.27% 4.69%    
Class C 12.22% 5.57% 4.45%    
Class I 14.37% 6.64% 5.50%    
Class R6       9.00% Mar. 01, 2017
After Taxes on Distributions | Class A 7.49% 4.36% 3.85%    
After Taxes on Distributions and Sales of Fund Shares | Class A 5.42% 4.03% 3.71%    
MSCI EAFE Index 25.03% 7.90% 1.94% 19.31% Mar. 01, 2017

XML 13 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Multi-class Prospectus | 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 87 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End 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 8.45% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 8.45%
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, 2017 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 non-U.S. companies, the majority of which are 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 (generally market price). 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.

 

 

Emerging Market Risk — When the Fund invests in emerging market securities (generally meaning those associated with less developed markets), the Fund may be exposed to market, credit, currency, liquidity, legal, political, technical and other risks different from, and generally greater than, the risks of investing in developed markets. Emerging market countries typically have less-established market economies than developed countries and may face greater social, economic, regulatory and political uncertainties. In addition, emerging markets typically present greater illiquidity and price volatility concerns due to smaller or limited local capital markets and greater difficulty in determining market valuations of securities due to limited public information on issuers.

 

 

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.

 

 

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.

 

 

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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
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 Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

16.58%

 

 

 

Third Quarter 2008

 

-12.48%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2017
Multi-class Prospectus | First Eagle Overseas Fund | MSCI EAFE Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 25.03%
5 Years rr_AverageAnnualReturnYear05 7.90%
10 Years rr_AverageAnnualReturnYear10 1.94%
Since Inception rr_AverageAnnualReturnSinceInception 19.31%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | 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 0.15% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.15%
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 $ 611
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 847
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,101
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,828
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 611
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 847
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,101
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,828
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%
Annual Return 2017 rr_AnnualReturn2017 14.05%
1 Year rr_AverageAnnualReturnYear01 8.34%
5 Years rr_AverageAnnualReturnYear05 5.27%
10 Years rr_AverageAnnualReturnYear10 4.69%
Multi-class Prospectus | First Eagle Overseas Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.49%
5 Years rr_AverageAnnualReturnYear05 4.36%
10 Years rr_AverageAnnualReturnYear10 3.85%
Multi-class Prospectus | First Eagle Overseas Fund | Class A | After Taxes on Distributions and Sales of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.42%
5 Years rr_AverageAnnualReturnYear05 4.03%
10 Years rr_AverageAnnualReturnYear10 3.71%
Multi-class Prospectus | 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 0.13% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.88%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 291
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 591
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,016
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,201
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 191
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 591
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,016
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,201
1 Year rr_AverageAnnualReturnYear01 12.22%
5 Years rr_AverageAnnualReturnYear05 5.57%
10 Years rr_AverageAnnualReturnYear10 4.45%
Multi-class Prospectus | 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 14.37%
5 Years rr_AverageAnnualReturnYear05 6.64%
10 Years rr_AverageAnnualReturnYear10 5.50%
Multi-class Prospectus | 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 0.20% [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
Multi-class Prospectus | 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 0.20% [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
Multi-class Prospectus | 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 0.20% [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
Multi-class Prospectus | 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 0.04% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.79%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 81
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 252
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 439
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 978
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 81
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 252
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 439
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 978
Since Inception rr_AverageAnnualReturnSinceInception 9.00%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
[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, 2017 and estimated expenses in the case of newly organized share classes.
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Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Multi-class Prospectus - 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 - Multi-class Prospectus - 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% 0.14% 0.11% 0.22% 0.22% 0.22% 0.10%
Total Annual Operating Expenses (%) 1.14% 1.89% 0.86% 1.32% 1.07% 0.97% 0.85%
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% 1.84% 0.81% 1.27% 1.02% 0.92% 0.80%
[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, 2019. 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, 2017 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 (except that the management fee waiver is taken into account only for the one-year expense example). Please keep in mind your actual costs may be higher or lower.

Sold
Expense Example - Multi-class Prospectus - First Eagle U.S. Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 606 839 1,092 1,813
Class C 287 589 1,017 2,207
Class I 83 269 472 1,056
Class R3 129 413 719 1,586
Class R4 104 335 585 1,301
Class R5 94 304 531 1,185
Class R6 82 266 466 1,044
Held
Expense Example No Redemption - Multi-class Prospectus - First Eagle U.S. Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 606 839 1,092 1,813
Class C 187 589 1,017 2,207
Class I 83 269 472 1,056
Class R3 129 413 719 1,586
Class R4 104 335 585 1,301
Class R5 94 304 531 1,185
Class R6 82 266 466 1,044
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 5.85% 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 (generally market price).


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.

 

 

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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

12.57%

 

 

 

Fourth Quarter 2008

 

-16.90%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2017

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Returns - Multi-class Prospectus - First Eagle U.S. Value Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A 7.17% 8.09% 6.40%    
Class C 10.89% 8.38% 6.15%    
Class I 13.04% 9.49% 7.23%    
Class R6       7.83% Mar. 01, 2017
After Taxes on Distributions | Class A 5.05% 6.47% 5.37%    
After Taxes on Distributions and Sales of Fund Shares | Class A 5.76% 6.18% 5.03%    
Standard & Poor’s 500 Index 21.83% 15.79% 8.50% 13.43% Mar. 01, 2017

XML 16 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End 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, 2019
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 5.85% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 5.85%
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, 2017 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 (except that the management fee waiver is taken into account only for the one-year expense example). 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 (generally market price).


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.

 

 

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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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.S. Value Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
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 Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2009

 

12.57%

 

 

 

Fourth Quarter 2008

 

-16.90%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2017
Multi-class Prospectus | First Eagle U.S. Value Fund | Standard & Poor’s 500 Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 21.83%
5 Years rr_AverageAnnualReturnYear05 15.79%
10 Years rr_AverageAnnualReturnYear10 8.50%
Since Inception rr_AverageAnnualReturnSinceInception 13.43%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | 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 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%
Annual Return 2017 rr_AnnualReturn2017 12.79%
1 Year rr_AverageAnnualReturnYear01 7.17%
5 Years rr_AverageAnnualReturnYear05 8.09%
10 Years rr_AverageAnnualReturnYear10 6.40%
Multi-class Prospectus | First Eagle U.S. Value Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.05%
5 Years rr_AverageAnnualReturnYear05 6.47%
10 Years rr_AverageAnnualReturnYear10 5.37%
Multi-class Prospectus | First Eagle U.S. Value Fund | Class A | After Taxes on Distributions and Sales of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.76%
5 Years rr_AverageAnnualReturnYear05 6.18%
10 Years rr_AverageAnnualReturnYear10 5.03%
Multi-class Prospectus | 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 0.14% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.89%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.84%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 287
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 589
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,017
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,207
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 187
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 589
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,017
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,207
1 Year rr_AverageAnnualReturnYear01 10.89%
5 Years rr_AverageAnnualReturnYear05 8.38%
10 Years rr_AverageAnnualReturnYear10 6.15%
Multi-class Prospectus | 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 0.11% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.86%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual 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 269
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 472
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,056
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 83
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 269
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 472
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,056
1 Year rr_AverageAnnualReturnYear01 13.04%
5 Years rr_AverageAnnualReturnYear05 9.49%
10 Years rr_AverageAnnualReturnYear10 7.23%
Multi-class Prospectus | 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
Multi-class Prospectus | 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
Multi-class Prospectus | 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
Multi-class Prospectus | 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 0.10% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.85%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 266
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 466
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,044
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 82
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 266
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 466
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,044
Since Inception rr_AverageAnnualReturnSinceInception 7.83%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
[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, 2019. 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, 2017 and estimated expenses in the case of newly organized share classes.
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Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Multi-class Prospectus - 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 - Multi-class Prospectus - 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] 0.26% 0.29% 0.24% 0.25% 0.25% 0.25% 0.15%
Total Annual Operating Expenses (%) 1.26% 2.04% 0.99% 1.35% 1.10% 1.00% 0.90%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2017 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 - Multi-class Prospectus - First Eagle Gold Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 622 880 1,157 1,946
Class C 307 640 1,098 2,369
Class I 101 315 547 1,213
Class R3 137 428 739 1,624
Class R4 112 350 606 1,340
Class R5 102 318 552 1,225
Class R6 92 287 498 1,108
Held
Expense Example No Redemption - Multi-class Prospectus - First Eagle Gold Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 622 880 1,157 1,946
Class C 207 640 1,098 2,369
Class I 101 315 547 1,213
Class R3 137 428 739 1,624
Class R4 112 350 606 1,340
Class R5 102 318 552 1,225
Class R6 92 287 498 1,108
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 7.90% 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 (generally market price).


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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2016

 

32.55%

 

 

 

Second Quarter 2013

 

-32.24%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2017

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Returns - Multi-class Prospectus - First Eagle Gold Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A 2.73% (10.10%) (2.26%)    
Class C 6.37% (9.88%) (2.51%)    
Class I 8.44% (8.92%) (1.51%)    
Class R6       (1.36%) Mar. 01, 2017
After Taxes on Distributions | Class A 2.73% (10.10%) (2.58%)    
After Taxes on Distributions and Sales of Fund Shares | Class A 1.55% (7.27%) (1.47%)    
MSCI World Index 22.40% 11.64% 5.03% 15.17% Mar. 01, 2017
FTSE Gold Mines Index 9.11% (11.48%) (6.36%) (0.17%) Mar. 01, 2017
XML 19 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End 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 7.90% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 7.90%
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, 2017 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 (generally market price).


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.


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
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 Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2016

 

32.55%

 

 

 

Second Quarter 2013

 

-32.24%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2017
Multi-class Prospectus | First Eagle Gold Fund | MSCI World Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.40%
5 Years rr_AverageAnnualReturnYear05 11.64%
10 Years rr_AverageAnnualReturnYear10 5.03%
Since Inception rr_AverageAnnualReturnSinceInception 15.17%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | First Eagle Gold Fund | FTSE Gold Mines Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.11%
5 Years rr_AverageAnnualReturnYear05 (11.48%)
10 Years rr_AverageAnnualReturnYear10 (6.36%)
Since Inception rr_AverageAnnualReturnSinceInception (0.17%)
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | 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 0.26% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.26%
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 $ 622
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 880
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,157
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,946
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 622
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 880
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,157
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,946
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%
Annual Return 2017 rr_AnnualReturn2017 8.12%
1 Year rr_AverageAnnualReturnYear01 2.73%
5 Years rr_AverageAnnualReturnYear05 (10.10%)
10 Years rr_AverageAnnualReturnYear10 (2.26%)
Multi-class Prospectus | First Eagle Gold Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.73%
5 Years rr_AverageAnnualReturnYear05 (10.10%)
10 Years rr_AverageAnnualReturnYear10 (2.58%)
Multi-class Prospectus | First Eagle Gold Fund | Class A | After Taxes on Distributions and Sales of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 1.55%
5 Years rr_AverageAnnualReturnYear05 (7.27%)
10 Years rr_AverageAnnualReturnYear10 (1.47%)
Multi-class Prospectus | 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 6.37%
5 Years rr_AverageAnnualReturnYear05 (9.88%)
10 Years rr_AverageAnnualReturnYear10 (2.51%)
Multi-class Prospectus | 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 0.24% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.99%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 101
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 315
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 547
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,213
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 101
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 315
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 547
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,213
1 Year rr_AverageAnnualReturnYear01 8.44%
5 Years rr_AverageAnnualReturnYear05 (8.92%)
10 Years rr_AverageAnnualReturnYear10 (1.51%)
Multi-class Prospectus | 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 0.25% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.35%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 137
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 428
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 739
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,624
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 137
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 428
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 739
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,624
Multi-class Prospectus | 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 0.25% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.10%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 112
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 350
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 606
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,340
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 112
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 350
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 606
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,340
Multi-class Prospectus | 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 0.25% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 318
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 552
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,225
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 102
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 318
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 552
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,225
Multi-class Prospectus | 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 0.15% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.90%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 92
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 287
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 498
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,108
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 92
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 287
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 498
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,108
Since Inception rr_AverageAnnualReturnSinceInception (1.36%)
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
[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, 2017 and estimated expenses in the case of newly organized share classes.
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Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End Sales Load and Waiver Terms.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Multi-class Prospectus - 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 - Multi-class Prospectus - 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] 0.19% 0.19% 0.18% 0.24% 0.24% 0.24% 0.14%
Total Annual Fund Operating Expenses (%) 1.19% 1.94% 0.93% 1.34% 1.09% 0.99% 0.89%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2017 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 - Multi-class Prospectus - First Eagle Global Income Builder Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 615 859 1,122 1,871
Class C 297 609 1,047 2,264
Class I 95 296 515 1,143
Class R3 136 425 734 1,613
Class R4 111 347 601 1,329
Class R5 101 315 547 1,213
Class R6 91 284 493 1,096
Held
Expense Example No Redemption - Multi-class Prospectus - First Eagle Global Income Builder Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 615 859 1,122 1,871
Class C 197 609 1,047 2,264
Class I 95 296 515 1,143
Class R3 136 425 734 1,613
Class R4 111 347 601 1,329
Class R5 101 315 547 1,213
Class R6 91 284 493 1,096
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 23.18% 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 (generally market price).


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.

 

 

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 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).


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2013

 

5.09%

 

 

 

Third Quarter 2015

 

-6.08%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2017

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Returns - Multi-class Prospectus - First Eagle Global Income Builder Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 7.31% 5.50% 6.01% May 01, 2012
Class C 11.16% 5.80% 6.18% May 01, 2012
Class I 13.28% 6.86% 7.24% May 01, 2012
Class R6     9.11% Mar. 01, 2017
After Taxes on Distributions | Class A 6.35% 4.30% 4.85%  
After Taxes on Distributions and Sales of Fund Shares | Class A 4.34% 3.84% 4.28%  
60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index 14.52% 7.86% 7.69% May 01, 2012
60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (R6 Comparison) 14.52% 7.86% 10.29% Mar. 01, 2017
MSCI World Index 22.40% 11.64% 11.07% May 01, 2012
MSCI World Index (R6 Comparison) 22.40% 11.64% 15.17% Mar. 01, 2017
Bloomberg Barclays U.S. Aggregate Bond Index 3.54% 2.10% 2.36% May 01, 2012
Bloomberg Barclays U.S. Aggregate Bond Index (R6 Comparison) 3.54% 2.10% 3.23% Mar. 01, 2017
XML 22 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Label Element Value
Multi-class Prospectus | 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 75 and 81, respectively, and in the appendix to this Prospectus titled Intermediary-Specific Front-End 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 23.18% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 23.18%
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, 2017 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 (generally market price).


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.

 

 

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 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).


An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.


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.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
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 Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Third Quarter 2013

 

5.09%

 

 

 

Third Quarter 2015

 

-6.08%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

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 or only partial year information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they have no or less than a full year’s performance as of December 31, 2017), 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 differ only to the extent that Class R3, Class R4, Class R5 and Class R6 shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.

Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2017
Multi-class Prospectus | 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 14.52%
5 Years rr_AverageAnnualReturnYear05 7.86%
Since Inception rr_AverageAnnualReturnSinceInception 7.69%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi-class Prospectus | First Eagle Global Income Builder Fund | 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (R6 Comparison)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 14.52%
5 Years rr_AverageAnnualReturnYear05 7.86%
Since Inception rr_AverageAnnualReturnSinceInception 10.29%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | First Eagle Global Income Builder Fund | MSCI World Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.40%
5 Years rr_AverageAnnualReturnYear05 11.64%
Since Inception rr_AverageAnnualReturnSinceInception 11.07%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi-class Prospectus | First Eagle Global Income Builder Fund | MSCI World Index (R6 Comparison)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.40%
5 Years rr_AverageAnnualReturnYear05 11.64%
Since Inception rr_AverageAnnualReturnSinceInception 15.17%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | First Eagle Global Income Builder Fund | Bloomberg Barclays U.S. Aggregate Bond Index  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.54%
5 Years rr_AverageAnnualReturnYear05 2.10%
Since Inception rr_AverageAnnualReturnSinceInception 2.36%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi-class Prospectus | First Eagle Global Income Builder Fund | Bloomberg Barclays U.S. Aggregate Bond Index (R6 Comparison)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.54%
5 Years rr_AverageAnnualReturnYear05 2.10%
Since Inception rr_AverageAnnualReturnSinceInception 3.23%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi-class Prospectus | 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 0.19% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.19%
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 $ 615
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 859
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,122
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,871
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 615
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 859
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,122
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,871
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%
Annual Return 2017 rr_AnnualReturn2017 12.96%
1 Year rr_AverageAnnualReturnYear01 7.31%
5 Years rr_AverageAnnualReturnYear05 5.50%
Since Inception rr_AverageAnnualReturnSinceInception 6.01%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi-class Prospectus | First Eagle Global Income Builder Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.35%
5 Years rr_AverageAnnualReturnYear05 4.30%
Since Inception rr_AverageAnnualReturnSinceInception 4.85%
Multi-class Prospectus | First Eagle Global Income Builder Fund | Class A | After Taxes on Distributions and Sales of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.34%
5 Years rr_AverageAnnualReturnYear05 3.84%
Since Inception rr_AverageAnnualReturnSinceInception 4.28%
Multi-class Prospectus | 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 11.16%
5 Years rr_AverageAnnualReturnYear05 5.80%
Since Inception rr_AverageAnnualReturnSinceInception 6.18%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi-class Prospectus | 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 0.18% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 0.93%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 95
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 296
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 515
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,143
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 95
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 296
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 515
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,143
1 Year rr_AverageAnnualReturnYear01 13.28%
5 Years rr_AverageAnnualReturnYear05 6.86%
Since Inception rr_AverageAnnualReturnSinceInception 7.24%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi-class Prospectus | 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 0.24% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.34%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 136
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 425
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 734
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,613
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 136
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 425
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 734
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,613
Multi-class Prospectus | 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 0.24% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 1.09%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 111
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 347
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 601
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,329
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 111
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 347
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 601
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,329
Multi-class Prospectus | 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 0.24% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 0.99%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 101
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 315
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 547
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,213
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 101
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 315
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 547
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,213
Multi-class Prospectus | 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 0.14% [2]
Total Annual Fund Operating Expenses (%) rr_ExpensesOverAssets 0.89%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 91
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 284
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 493
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,096
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 91
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 284
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 493
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,096
Since Inception rr_AverageAnnualReturnSinceInception 9.11%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
[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, 2017 and estimated expenses in the case of newly organized share classes.
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