FIRST EAGLE FUNDS
First Eagle Fund of America
1345 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK 10105
(800) 334-2143
SUPPLEMENT DATED JULY 1, 2019
TO STATEMENT OF ADDITIONAL INFORMATION DATED MARCH 1, 2019,
AS SUPPLEMENTED
This Supplement is intended to highlight certain changes to the Statement of Additional Information dated March 1, 2019, as supplemented. Please review these matters carefully.
Effective July 1, 2019 through February 28, 2021, the Adviser has contractually agreed to waive its management fee with respect to the first $2.25 billion of the First Eagle Fund of Americas (the Fund) average daily net assets by 0.05%, which has the effect of reducing the annual management fee with respect to the first $2.25 billion of the Funds average daily net assets from 0.90% to 0.85%. The management fee breakpoints with respect to the Funds average daily net assets in excess of $2.25 billion up to $5 billion and in excess of $5 billion will remain unchanged, and are 0.85% and 0.80%, respectively.
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The information in this Supplement modifies the First Eagle Funds Statement of Additional Information dated March 1, 2019, as supplemented. In particular, and without limitation, the information contained in this Supplement modifies (and if inconsistent, replaces) information contained in the section of the Statement of Additional Information entitled Investment Advisory and Other ServicesPayments to the Adviser and Subadviser. The footnote to the Funds management fee appearing in the table in such section on page 48 of the Statement of Additional Information is replaced with: 0.90% (waived to 0.85%) of the first $2.25 billion of the Funds 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. The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the first $2.25 billion of the Funds average daily net assets for the period through February 28, 2021.