0000930413-20-000814.txt : 20200319 0000930413-20-000814.hdr.sgml : 20200319 20200319152411 ACCESSION NUMBER: 0000930413-20-000814 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 56 FILED AS OF DATE: 20200319 DATE AS OF CHANGE: 20200319 EFFECTIVENESS DATE: 20200319 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: 20728259 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: 20728258 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 Income 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 c94936_485bpos.htm

As filed with the Securities and Exchange Commission on March 19, 2020

 

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  
PRE-EFFECTIVE AMENDMENT NO.  
   
POST-EFFECTIVE AMENDMENT NO. 93  

 

AND/OR
REGISTRATION STATEMENT
UNDER

 

THE INVESTMENT COMPANY ACT OF 1940  
   
AMENDMENT NO. 95  

 

(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) 698-3300

 

SHEELYN MICHAEL

 

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 Registrant 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 19th day of March, 2020.

 

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 19, 2020
(LISA ANDERSON)        
         
/s/ JOHN P. ARNHOLD*   Trustee   March 19, 2020
(JOHN P. ARNHOLD)        
         
/s/ CANDACE K. BEINECKE*   Trustee   March 19, 2020
(CANDACE K. BEINECKE)        
         
/s/ PETER W. DAVIDSON*   Trustee   March 19, 2020
(PETER W. DAVIDSON)        
         
/s/ JEAN D. HAMILTON*   Trustee   March 19, 2020
(JEAN D. HAMILTON)        
         
/s/ JAMES E. JORDAN*   Trustee   March 19, 2020
(JAMES E. JORDAN)        
         
/s/ WILLIAM M. KELLY*   Trustee   March 19, 2020
(WILLIAM M. KELLY)        
         
/s/ PAUL J. LAWLER*   Trustee   March 19, 2020
(PAUL J. LAWLER)        
         
/s/ MEHDI MAHMUD   Trustee   March 19, 2020
(MEHDI MAHMUD)        
         
/s/ JOSEPH MALONE*   Chief Financial Officer   March 19, 2020
(JOSEPH MALONE)        

 

 

 

*By: /S/ SHEELYN MICHAEL  
  Sheelyn Michael  
  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 19th day of March, 2020.

 

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 19, 2020
(PETER HUBER)        
         
/s/ GLENN MITCHELL*   Director   March 19, 2020
(GLENN MITCHELL)        

 

*By: /S/ SHEELYN MICHAEL  
  Sheelyn Michael  
  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, 2019. 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, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.75% to 0.70%. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.10% of the average daily value of the Fund's net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.60%. Closed to new investors. 0.90% (waived to 0.85%) 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. 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 Fund's average daily net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. The waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.90% to 0.85%. The other breakpoints in excess of $2.25 billion remain unchanged. false 2020-02-28 2020-03-01 2019-10-31 485BPOS 0000906352 N-1A FIRST EAGLE FUNDS 2020-03-01 First Eagle Global Fund Investment Objective <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">First Eagle Global Fund (&#8220;Global Fund&#8221;) seeks long-term growth of capital by investing in a range of asset classes from markets in the United States and throughout the world.</font></p> Fees and Expenses of the Global Fund <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The following information describes the fees and expenses you may pay if you buy and hold shares of the Global Fund.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">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. 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Comparative expense information is in the Fees and Expenses table.</font></p> 0.1416 0.0538 0.0738 0.1250 0.0429 0.0645 0.0915 0.0405 0.0586 0.1826 0.0567 0.0713 0.2048 0.0675 0.0821 0.2008 0.0619 0.2033 0.0312 0.2057 0.0657 0.2767 0.0874 0.0947 0.0969 0.2767 0.0874 0.0947 0.0596 0.2767 0.0874 0.0947 0.1094 2017-03-01 2017-03-01 2018-05-01 2018-05-01 2018-01-17 2018-01-17 ~ http://www.firsteagle.com/20200228/role/ScheduleAverageAnnualReturnsTransposed20006 column dei_DocumentInformationDocumentAxis compact cik0000906352_doc_Multi_Class_ProspectusMember column dei_LegalEntityAxis compact cik0000906352_S000011211Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ 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. (reflects no deduction for fees or expenses, but reflects net of taxes) 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. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. Average Annual Total Returns as of December 31, 2019 The following information provides an indication of the risks of investing in the Global Fund 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. 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 U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. www.feim.com/individual-investors/fund/global-fund 800.334.2143 While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. First Eagle Overseas Fund Investment Objective <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">First Eagle Overseas Fund (&#8220;Overseas Fund&#8221;) seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations.</font></p> Fees and Expenses of the Overseas Fund <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The following information describes the fees and expenses you may pay if you buy and hold shares of the Overseas Fund.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">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. 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Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. Example <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The following example is intended to help you compare the cost of investing in the 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. 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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 &#8220;counts&#8221; relevant derivative positions towards this &#8220;80% of assets&#8221; allocation, and in doing so, values each position at the price at which it is held on the Fund&#8217;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. 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(reflects no deduction for fees or expenses, but reflects net of taxes) 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. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. The following information provides an indication of the risks of investing in the Overseas Fund 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. Average Annual Total Returns as of December 31, 2019 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 U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. www.feim.com/individual-investors/fund/overseas-fund 800.334.2143 While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. 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If sales charges were included the returns would be lower. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. The following information provides an indication of the risks of investing in the U.S. Value Fund 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. Average Annual Total Returns as of December 31, 2019 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 U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. www.feim.com/individual-investors/fund/us-value-fund 800.334.2143 While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. First Eagle Gold Fund Investment Objective <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">First Eagle Gold Fund (&#8220;Gold Fund&#8221;) 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.</font></p> Fees and Expenses of the Gold Fund <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The following information describes the fees and expenses you may pay if you buy and hold shares of the Gold Fund.</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">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. 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Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. Example <p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The following example is intended to help you compare the cost of investing in the 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. 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(reflects no deduction for fees, expenses or taxes) 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. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. The following information provides an indication of the risks of investing in the Fund 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 and since inception compare with those of a broad measure of market performance. Average Annual Total Returns as of December 31, 2019 As with all mutual funds, past performance is not an indication of future performance (before or after taxes). 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(reflects no deduction for fees, expenses or taxes) 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. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. Average Annual Total Returns as of December 31, 2019 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. 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 U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. www.feim.com/individual-investors/fund/fund-america 800.334.2143 While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. 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For purposes of these 40% and 30% of assets allocations, the Fund &#8220;counts&#8221; relevant derivative positions on foreign investments, and in doing so, values each position at the price at which it is held on the Fund&#8217;s books (generally market price).</font></p> <br/><p style="margin:2.1mm 0 0; "><font style="font-family:Times, serif; font-size:3.8mm; color:#272727; ">The investment philosophy and strategy of the Global Fund can be broadly characterized as a &#8220;value&#8221; approach, as it seeks a &#8220;margin of safety&#8221; in each investment purchase with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). 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After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. The following information provides an indication of the risks of investing in the Global Fund 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. Average Annual Total Returns as of December 31, 2019 As with all mutual funds, past performance is not an indication of future performance (before or after taxes). 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After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. The following information provides an indication of the risks of investing in the Overseas Fund 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. Average Annual Total Returns as of December 31, 2019 As with all mutual funds, past performance is not an indication of future performance (before or after taxes). 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After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. The following information provides an indication of the risks of investing in the U.S. Value Fund 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. Average Annual Total Returns as of December 31, 2019 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 U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. www.feim.com/individual-investors/fund/us-value-fund 800.334.2143 While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. 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After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. The following information provides an indication of the risks of investing in the Gold Fund 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 one or more broad measures of market performance, which have characteristics relevant to the Fund&#8217;s investment strategy. Average Annual Total Returns as of December 31, 2019 As with all mutual funds, past performance is not an indication of future performance (before or after taxes). 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After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. Average Annual Total Returns as of December 31, 2019 The following information provides an indication of the risks of investing in the Fund 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 and since inception compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). 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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.


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 82 and 89, 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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 6.99% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 6.99%
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 Overseas Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
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 futures 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.


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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 [Text] rr_RiskNotInsured 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 U.S. 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*

Third Quarter 2010

 

9.38%

 

 

 

Third Quarter 2011

 

-10.29%

 

 

 

 

 


 

*

 

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, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.38%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (10.29%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
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_MaximumDeferredSalesChargeOverOfferingPrice 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 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%
Annual Return 2018 rr_AnnualReturn2018 (10.29%)
Annual Return 2019 rr_AnnualReturn2019 17.61%
1 Year rr_AverageAnnualReturnYear01 11.73%
5 Years rr_AverageAnnualReturnYear05 4.30%
10 Years rr_AverageAnnualReturnYear10 5.76%
Multi Class Prospectus | First Eagle Overseas Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.95%
5 Years rr_AverageAnnualReturnYear05 3.51%
10 Years rr_AverageAnnualReturnYear10 4.88%
Multi Class Prospectus | First Eagle Overseas Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.56%
5 Years rr_AverageAnnualReturnYear05 3.30%
10 Years rr_AverageAnnualReturnYear10 4.56%
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_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.14% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.89%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 292
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 594
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,021
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,212
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 192
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 594
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,021
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,212
1 Year rr_AverageAnnualReturnYear01 15.68%
5 Years rr_AverageAnnualReturnYear05 4.61%
10 Years rr_AverageAnnualReturnYear10 5.51%
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.11% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 88
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 274
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 477
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,061
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 88
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 274
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 477
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,061
1 Year rr_AverageAnnualReturnYear01 17.91%
5 Years rr_AverageAnnualReturnYear05 5.68%
10 Years rr_AverageAnnualReturnYear10 6.58%
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.22% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.32%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 134
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 418
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 723
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,590
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 134
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 418
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 723
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,590
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 17.24%
Since Inception rr_AverageAnnualReturnSinceInception 3.44%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Overseas Fund | Class R3 | MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.01%
5 Years rr_AverageAnnualReturnYear05 5.67%
10 Years rr_AverageAnnualReturnYear10 5.50%
Since Inception rr_AverageAnnualReturnSinceInception 2.63%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
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_MaximumDeferredSalesChargeOverOfferingPrice 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
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 17.68%
Since Inception rr_AverageAnnualReturnSinceInception 1.02%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2018
Multi Class Prospectus | First Eagle Overseas Fund | Class R4 | MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.01%
5 Years rr_AverageAnnualReturnYear05 5.67%
10 Years rr_AverageAnnualReturnYear10 5.50%
Since Inception rr_AverageAnnualReturnSinceInception 0.28%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2018
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.37% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.12%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 114
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 356
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 617
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,363
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 114
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 356
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 617
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,363
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.05% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 255
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 444
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 990
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 82
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 255
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 444
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 990
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 17.94%
Since Inception rr_AverageAnnualReturnSinceInception 5.31%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Overseas Fund | Class R6 | MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.01%
5 Years rr_AverageAnnualReturnYear05 5.67%
10 Years rr_AverageAnnualReturnYear10 5.50%
Since Inception rr_AverageAnnualReturnSinceInception 8.34%
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, 2019.
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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 82 and 89, 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 $250,000 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] 0.18% 0.19% 0.18% 0.27% 0.64% 0.63% 0.18%
Total Annual Operating Expenses (%) 1.18% 1.94% 0.93% 1.37% 1.49% 1.38% 0.93%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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 ($)
1 Year
3 Years
5 Years
10 Years
Class A 614 856 1,117 1,860
Class C 297 609 1,047 2,264
Class I 95 296 515 1,143
Class R3 139 434 750 1,646
Class R4 152 471 813 1,779
Class R5 140 437 755 1,657
Class R6 95 296 515 1,143
Held
Expense Example No Redemption - Multi Class Prospectus - First Eagle Global Income Builder Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 614 856 1,117 1,860
Class C 197 609 1,047 2,264
Class I 95 296 515 1,143
Class R3 139 434 750 1,646
Class R4 152 471 813 1,779
Class R5 140 437 755 1,657
Class R6 95 296 515 1,143
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 above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 25.54% 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 as well as 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 Global Income Builder 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.

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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).

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.


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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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*

First Quarter 2019

 

7.40%

 

 

 

Fourth Quarter 2018

 

-6.48%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended 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 8.95% 4.36% 5.35% May 01, 2012
Class C 12.73% 4.63% 5.26% May 01, 2012
Class I 14.87% 5.69% 6.33% May 01, 2012
Class R3 14.36%   4.58% May 01, 2018
Class R6 14.88%   5.86% Mar. 01, 2017
After Taxes on Distributions | Class A 7.97% 3.45% 4.32%  
After Taxes on Distributions and Sale of Fund Shares | Class A 5.33% 3.04% 3.82%  
60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R3 20.01% 6.63% 8.63% May 01, 2018
60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R6 20.01% 6.63% 8.35% Mar. 01, 2017
60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes) 20.01% 6.63% 7.42% May 01, 2012
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R3 27.67% 8.74% 9.69% May 01, 2018
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R6 27.67% 8.74% 10.94% Mar. 01, 2017
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) 27.67% 8.74% 10.24% May 01, 2012
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | Class R3 8.72% 3.05% 6.54% May 01, 2018
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) | Class R6 8.72% 3.05% 4.15% Mar. 01, 2017
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) 8.72% 3.05% 2.85% May 01, 2012
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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 82 and 89, 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% 0.12% 0.10% 0.04% 0.12% 0.60% 0.04%
Total Annual Operating Expenses (%) 1.11% 1.87% 0.85% 1.14% 0.97% 1.35% 0.79%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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 ($)
1 Year
3 Years
5 Years
10 Years
Class A 608 835 1,081 1,784
Class C 290 588 1,011 2,190
Class I 87 271 471 1,049
Class R3 116 362 628 1,386
Class R4 99 309 536 1,190
Class R5 137 428 739 1,624
Class R6 81 252 439 978
Held
Expense Example No Redemption - Multi Class Prospectus - First Eagle Global Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 608 835 1,081 1,784
Class C 190 588 1,011 2,190
Class I 87 271 471 1,049
Class R3 116 362 628 1,386
Class R4 99 309 536 1,190
Class R5 137 428 739 1,624
Class R6 81 252 439 978
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10.26% 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 futures 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. The risks may be more pronounced with respect to investments in emerging markets.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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, commonly known as 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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 U.S. 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*

First Quarter 2019

 

9.88%

 

 

 

Third Quarter 2011

 

-9.95%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended 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 14.16% 5.38% 7.38%    
Class C 18.26% 5.67% 7.13%    
Class I 20.48% 6.75% 8.21%    
Class R3 20.08%     6.19% May 01, 2018
Class R4 20.33%     3.12% Jan. 17, 2018
Class R6 20.57%     6.57% Mar. 01, 2017
After Taxes on Distributions | Class A 12.50% 4.29% 6.45%    
After Taxes on Distributions and Sale of Fund Shares | Class A 9.15% 4.05% 5.86%    
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R3 27.67% 8.74% 9.47% 9.69% May 01, 2018
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R4 27.67% 8.74% 9.47% 5.96% Jan. 17, 2018
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R6 27.67% 8.74% 9.47% 10.94% Mar. 01, 2017
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Class T 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 invest at least $250,000 in the Gold Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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
Class T Prospectus
First Eagle Gold Fund
Class T
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) none
Redemption Fee (as a percentage of the amount redeemed within 60 days of purchase) 2.00%
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class T Prospectus
First Eagle Gold Fund
Class T
Management Fees 0.75%
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.29% [1]
Total Annual Operating Expenses (%) 1.29%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Gold Fund | Class T | USD ($) 378 649 940 1,768
Held
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Gold Fund | Class T | USD ($) 378 649 940 1,768
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 20.01% 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 futures 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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, 2019

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Returns - Class T Prospectus - First Eagle Gold Fund
1 Year
5 Years
10 Years
Class A 31.58% 5.74% (2.50%)
After Taxes on Distributions | Class A 31.58% 5.74% (2.69%)
After Taxes on Distributions and Sale of Fund Shares | Class A 18.69% 4.49% (1.72%)
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) 27.67% 8.74% 9.47%
FTSE Gold Mines Index (reflects no deduction for fees, expenses or taxes) 41.21% 11.38% (4.60%)
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Label Element Value
Class T 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 invest at least $250,000 in the Global Income Builder Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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 above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 25.54% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 25.54%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you invest at least $250,000 in the Global Income Builder Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 250,000
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 as well as 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 Global Income Builder 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.

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.


 

 

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).

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.


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 [Text] rr_RiskNotInsured 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here.
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*

First Quarter 2019

 

7.40%

 

 

 

Fourth Quarter 2018

 

-6.48%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.40%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2018
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (6.48%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 Narrative rr_PerformanceTableNarrativeTextBlock

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Class T Prospectus | First Eagle Global Income Builder Fund | 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 20.01%
5 Years rr_AverageAnnualReturnYear05 6.63%
Since Inception rr_AverageAnnualReturnSinceInception 7.42%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Class T Prospectus | First Eagle Global Income Builder Fund | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
Since Inception rr_AverageAnnualReturnSinceInception 10.24%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Class T Prospectus | First Eagle Global Income Builder Fund | Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.72%
5 Years rr_AverageAnnualReturnYear05 3.05%
Since Inception rr_AverageAnnualReturnSinceInception 2.85%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Class T Prospectus | First Eagle Global Income Builder Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.18% [1]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 367
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 615
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 883
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,646
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 367
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 615
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 883
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,646
Class T Prospectus | First Eagle Global Income Builder Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
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%
Annual Return 2018 rr_AnnualReturn2018 (6.50%)
Annual Return 2019 rr_AnnualReturn2019 14.65%
1 Year rr_AverageAnnualReturnYear01 8.95%
5 Years rr_AverageAnnualReturnYear05 4.36%
Since Inception rr_AverageAnnualReturnSinceInception 5.35%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Class T Prospectus | First Eagle Global Income Builder Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.97%
5 Years rr_AverageAnnualReturnYear05 3.45%
Since Inception rr_AverageAnnualReturnSinceInception 4.32%
Class T Prospectus | First Eagle Global Income Builder Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.33%
5 Years rr_AverageAnnualReturnYear05 3.04%
Since Inception rr_AverageAnnualReturnSinceInception 3.82%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.

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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 82 and 89, 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, 2021
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 8.65% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 8.65%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the U.S. Value Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
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 futures 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, commonly known as 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 [Text] rr_RiskNotInsured 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 U.S. 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*

First Quarter 2019

 

10.46%

 

 

 

Third Quarter 2011

 

-9.03%

 

 

 

 

 


 

*

 

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, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 10.46%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.03%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
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_MaximumDeferredSalesChargeOverOfferingPrice 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 0.16% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.16%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 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 845
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,102
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,834
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 608
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 845
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,102
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,834
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%
Annual Return 2018 rr_AnnualReturn2018 (5.92%)
Annual Return 2019 rr_AnnualReturn2019 19.36%
1 Year rr_AverageAnnualReturnYear01 13.40%
5 Years rr_AverageAnnualReturnYear05 5.55%
10 Years rr_AverageAnnualReturnYear10 8.08%
Multi Class Prospectus | First Eagle U.S. Value Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.12%
5 Years rr_AverageAnnualReturnYear05 3.40%
10 Years rr_AverageAnnualReturnYear10 6.56%
Multi Class Prospectus | First Eagle U.S. Value Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.27%
5 Years rr_AverageAnnualReturnYear05 4.07%
10 Years rr_AverageAnnualReturnYear10 6.37%
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_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.17% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.92%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 290
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 598
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,032
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,239
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 190
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 598
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,032
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,239
1 Year rr_AverageAnnualReturnYear01 17.42%
5 Years rr_AverageAnnualReturnYear05 5.83%
10 Years rr_AverageAnnualReturnYear10 7.82%
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.13% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.88%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.83%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 85
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 276
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 483
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,080
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 85
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 276
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 483
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,080
1 Year rr_AverageAnnualReturnYear01 19.72%
5 Years rr_AverageAnnualReturnYear05 6.94%
10 Years rr_AverageAnnualReturnYear10 8.93%
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.16% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.26%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.21%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 123
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 395
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 687
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,518
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 123
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 395
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 687
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,518
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 19.28%
Since Inception rr_AverageAnnualReturnSinceInception 7.26%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle U.S. Value Fund | Class R3 | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Since Inception rr_AverageAnnualReturnSinceInception 14.94%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.66% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.51%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.46%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 149
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 472
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 819
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,797
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 149
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 472
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 819
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,797
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.65% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.40%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.35%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 137
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 438
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 761
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,675
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 137
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 438
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 761
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,675
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.08% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.83%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.78%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 80
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 260
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 456
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,021
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 80
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 260
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 456
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,021
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 19.77%
Since Inception rr_AverageAnnualReturnSinceInception 7.23%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle U.S. Value Fund | Class R6 | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Since Inception rr_AverageAnnualReturnSinceInception 13.33%
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, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. 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, 2019.
XML 20 R41.htm IDEA: XBRL DOCUMENT v3.20.1
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 82 and 89, 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 above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 25.54% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 25.54%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Income Builder Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
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 as well as 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 Global Income Builder 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.

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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).

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.


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 [Text] rr_RiskNotInsured 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy.
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*

First Quarter 2019

 

7.40%

 

 

 

Fourth Quarter 2018

 

-6.48%

 

 

 

 

 


 

*

 

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, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.40%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2018
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (6.48%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Multi Class Prospectus | First Eagle Global Income Builder Fund | 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 20.01%
5 Years rr_AverageAnnualReturnYear05 6.63%
Since Inception rr_AverageAnnualReturnSinceInception 7.42%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi Class Prospectus | First Eagle Global Income Builder Fund | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
Since Inception rr_AverageAnnualReturnSinceInception 10.24%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
Multi Class Prospectus | First Eagle Global Income Builder Fund | Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.72%
5 Years rr_AverageAnnualReturnYear05 3.05%
Since Inception rr_AverageAnnualReturnSinceInception 2.85%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2012
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_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.18% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.18%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 614
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 856
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,117
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,860
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 614
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 856
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,117
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,860
Annual Return 2013 rr_AnnualReturn2013 11.82%
Annual Return 2014 rr_AnnualReturn2014 1.24%
Annual Return 2015 rr_AnnualReturn2015 (2.30%)
Annual Return 2016 rr_AnnualReturn2016 10.11%
Annual Return 2017 rr_AnnualReturn2017 12.96%
Annual Return 2018 rr_AnnualReturn2018 (6.50%)
Annual Return 2019 rr_AnnualReturn2019 14.65%
1 Year rr_AverageAnnualReturnYear01 8.95%
5 Years rr_AverageAnnualReturnYear05 4.36%
Since Inception rr_AverageAnnualReturnSinceInception 5.35%
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 7.97%
5 Years rr_AverageAnnualReturnYear05 3.45%
Since Inception rr_AverageAnnualReturnSinceInception 4.32%
Multi Class Prospectus | First Eagle Global Income Builder Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.33%
5 Years rr_AverageAnnualReturnYear05 3.04%
Since Inception rr_AverageAnnualReturnSinceInception 3.82%
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_MaximumDeferredSalesChargeOverOfferingPrice 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 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 12.73%
5 Years rr_AverageAnnualReturnYear05 4.63%
Since Inception rr_AverageAnnualReturnSinceInception 5.26%
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_MaximumDeferredSalesChargeOverOfferingPrice 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 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 14.87%
5 Years rr_AverageAnnualReturnYear05 5.69%
Since Inception rr_AverageAnnualReturnSinceInception 6.33%
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.27% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.37%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 139
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 434
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 750
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,646
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 139
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 434
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 750
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,646
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 14.36%
Since Inception rr_AverageAnnualReturnSinceInception 4.58%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Global Income Builder Fund | Class R3 | 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 20.01%
5 Years rr_AverageAnnualReturnYear05 6.63%
Since Inception rr_AverageAnnualReturnSinceInception 8.63%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Global Income Builder Fund | Class R3 | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Global Income Builder Fund | Class R3 | Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.72%
5 Years rr_AverageAnnualReturnYear05 3.05%
Since Inception rr_AverageAnnualReturnSinceInception 6.54%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.64% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 152
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 471
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 813
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,779
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 152
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 471
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 813
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,779
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.63% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.38%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 140
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 437
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 755
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,657
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 140
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 437
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 755
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,657
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice 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 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
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 14.88%
Since Inception rr_AverageAnnualReturnSinceInception 5.86%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Global Income Builder Fund | Class R6 | 60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 20.01%
5 Years rr_AverageAnnualReturnYear05 6.63%
Since Inception rr_AverageAnnualReturnSinceInception 8.35%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Global Income Builder Fund | Class R6 | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
Since Inception rr_AverageAnnualReturnSinceInception 10.94%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Global Income Builder Fund | Class R6 | Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 8.72%
5 Years rr_AverageAnnualReturnYear05 3.05%
Since Inception rr_AverageAnnualReturnSinceInception 4.15%
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 $250,000 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, 2019.
XML 21 R49.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Multi Class Prospectus | First Eagle High Yield Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle High Yield Fund (formerly named First Eagle High Yield Fund)
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

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

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

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


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Income 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 82 and 89, 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, 2021
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The High Income Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 24.19% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.19%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Income Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 100,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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


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


The Fund may invest in securities with any investment rating or time to maturity.

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

As with any mutual fund investment, you may lose money by investing in the High Income 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 High Income Fund, which could adversely affect its net asset value and total return, are:


 

 

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

 

 

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

 

 

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

 

 

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

 

 

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

 

 

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


 

 

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

 

 

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

 

 

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

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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

 

 

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


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 High Income Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the High Income Fund.
RIsk Not Insured [Text] rr_RiskNotInsured 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 High Income Fund commenced operations in its present form on or about December 30, 2011 and is the successor to the Old Mutual High Yield Fund (the “Predecessor Fund”) pursuant to a reorganization on or about that same date. The Predecessor Fund had similar investment objectives and strategies as the Fund, but was managed by another investment adviser.


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


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


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


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

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

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2016

 

7.08%

 

 

 

Third Quarter 2011

 

-5.97%

 

 

 

 

 


 

*

 

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, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.08%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (5.97%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following average annual total returns table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following average annual total returns table discloses after-tax returns only for Class I shares.


After-tax returns for Class A, Class C, Class R3, Class R4, Class R5 and Class R6 shares will vary. Returns shown for Class I shares assume commencement of operations on November 19, 2007, which is the date of organization of the Predecessor Fund. Returns shown for Class A and Class C assume commencement of operations on January 3, 2012, which is the date of inception for these share classes. Returns shown for Class I shares include the returns of the Predecessor Fund for periods prior to January 1, 2012. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Multi Class Prospectus | First Eagle High Yield Fund | Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 14.32%
5 Years rr_AverageAnnualReturnYear05 6.13%
10 Years rr_AverageAnnualReturnYear10 7.57%
Since Inception rr_AverageAnnualReturnSinceInception 6.99%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 03, 2012
Multi Class Prospectus | First Eagle High Yield Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 4.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.39% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.34%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.24%
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 $250,000 or more without an initial sales charge.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 571
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 846
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,142
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,982
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 571
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 846
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,142
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,982
1 Year rr_AverageAnnualReturnYear01 3.72%
5 Years rr_AverageAnnualReturnYear05 3.10%
Since Inception rr_AverageAnnualReturnSinceInception 4.34%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 03, 2012
Multi Class Prospectus | First Eagle High Yield Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.40% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 2.10%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 2.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 303
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 648
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,120
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,423
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 203
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 648
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,120
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,423
1 Year rr_AverageAnnualReturnYear01 6.81%
5 Years rr_AverageAnnualReturnYear05 3.31%
Since Inception rr_AverageAnnualReturnSinceInception 4.14%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 03, 2012
Multi Class Prospectus | First Eagle High Yield Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.35% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.05%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.95%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 97
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 324
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 570
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,274
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 97
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 324
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 570
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,274
Annual Return 2010 rr_AnnualReturn2010 15.76%
Annual Return 2011 rr_AnnualReturn2011 4.08%
Annual Return 2012 rr_AnnualReturn2012 15.19%
Annual Return 2013 rr_AnnualReturn2013 6.92%
Annual Return 2014 rr_AnnualReturn2014 (0.24%)
Annual Return 2015 rr_AnnualReturn2015 (7.04%)
Annual Return 2016 rr_AnnualReturn2016 17.19%
Annual Return 2017 rr_AnnualReturn2017 4.86%
Annual Return 2018 rr_AnnualReturn2018 (0.42%)
Annual Return 2019 rr_AnnualReturn2019 8.93%
1 Year rr_AverageAnnualReturnYear01 8.93%
5 Years rr_AverageAnnualReturnYear05 4.38%
10 Years rr_AverageAnnualReturnYear10 6.25%
Multi Class Prospectus | First Eagle High Yield Fund | Class I | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.85%
5 Years rr_AverageAnnualReturnYear05 1.93%
10 Years rr_AverageAnnualReturnYear10 3.17%
Multi Class Prospectus | First Eagle High Yield Fund | Class I | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.25%
5 Years rr_AverageAnnualReturnYear05 2.21%
10 Years rr_AverageAnnualReturnYear10 3.51%
Multi Class Prospectus | First Eagle High Yield Fund | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.39% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.44%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.34%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 136
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 446
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 777
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,716
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 136
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 446
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 777
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,716
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 8.50%
Since Inception rr_AverageAnnualReturnSinceInception 3.97%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle High Yield Fund | Class R3 | Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 14.32%
5 Years rr_AverageAnnualReturnYear05 6.13%
10 Years rr_AverageAnnualReturnYear10 7.57%
Since Inception rr_AverageAnnualReturnSinceInception 7.12%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle High Yield Fund | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.90% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.70%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.60%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 163
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 526
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 914
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,000
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 163
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 526
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 914
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,000
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
Multi Class Prospectus | First Eagle High Yield Fund | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.89% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.59%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 152
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 492
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 856
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,881
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 152
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 492
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 856
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,881
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
Multi Class Prospectus | First Eagle High Yield Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70% [2]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.32% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.02%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [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 315
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 554
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,239
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 94
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 315
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 554
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,239
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 8.96%
Since Inception rr_AverageAnnualReturnSinceInception 4.02%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle High Yield Fund | Class R6 | Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 14.32%
5 Years rr_AverageAnnualReturnYear05 6.13%
10 Years rr_AverageAnnualReturnYear10 7.57%
Since Inception rr_AverageAnnualReturnSinceInception 5.58%
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 $250,000 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 0.10% of the average daily value of the Fund's net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.60%.
[3] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
XML 22 R66.htm IDEA: XBRL DOCUMENT v3.20.1
Total
Class T 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.


You may qualify for sales charge discounts if you invest at least $250,000 in the Overseas Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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
Class T Prospectus
First Eagle Overseas Fund
Class T
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) none
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class T Prospectus
First Eagle Overseas Fund
Class T
Management Fees 0.75%
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.15% [1]
Total Annual Operating Expenses (%) 1.15%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Overseas Fund | Class T | USD ($) 364 606 867 1,613
Held
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Overseas Fund | Class T | USD ($) 364 606 867 1,613
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 6.99% 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 futures 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.


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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 U.S. 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*

Third Quarter 2010

 

9.38%

 

 

 

Third Quarter 2011

 

-10.29%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Returns - Class T Prospectus - First Eagle Overseas Fund
1 Year
5 Years
10 Years
Class A 11.73% 4.30% 5.76%
After Taxes on Distributions | Class A 9.95% 3.51% 4.88%
After Taxes on Distributions and Sale of Fund Shares | Class A 7.56% 3.30% 4.56%
MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes) 22.01% 5.67% 5.50%
XML 24 R114.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Mar. 01, 2020
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Total
Class T 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 invest at least $250,000 in the Global Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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
Class T Prospectus
First Eagle Global Fund
Class T
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) none
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class T Prospectus
First Eagle Global Fund
Class T
Management Fees 0.75%
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.11% [1]
Total Annual Operating Expenses (%) 1.11%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Global Fund | Class T | USD ($) 360 594 846 1,568
Held
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Global Fund | Class T | USD ($) 360 594 846 1,568
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10.26% 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 futures 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. The risks may be more pronounced with respect to investments in emerging markets.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.


 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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, commonly known as 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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.


 

 

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 U.S. 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*

First Quarter 2019

 

9.88%

 

 

 

Third Quarter 2011

 

-9.95%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Returns - Class T Prospectus - First Eagle Global Fund
1 Year
5 Years
10 Years
Class A 14.16% 5.38% 7.38%
After Taxes on Distributions | Class A 12.50% 4.29% 6.45%
After Taxes on Distributions and Sale of Fund Shares | Class A 9.15% 4.05% 5.86%
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) 27.67% 8.74% 9.47%

XML 28 R50.htm IDEA: XBRL DOCUMENT v3.20.1
Total
Multi Class Prospectus | First Eagle Fund of America
First Eagle Fund of America
Investment Objective

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

Fees and Expenses of the Fund of America

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


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in Fund of America. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 82 and 89, respectively, and in the appendix to the Fund’s 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 Fund of America
Class A
Class C
Class Y
[1]
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 5.00% none none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [2] 1.00% none none none none none none
[1] Closed to new investors.
[2] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Multi Class Prospectus - First Eagle Fund of America
Class A
Class C
Class Y
[2]
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees [1] 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90% 0.90%
Distribution and Service (12b-1) Fees 0.25% 1.00% 0.25% none 0.35% 0.10% none none
Other Expenses [3] 0.23% 0.22% 0.20% 0.15% 0.19% 0.66% 0.65% 0.10%
Total Annual Operating Expenses (%) 1.38% 2.12% 1.35% 1.05% 1.44% 1.66% 1.55% 1.00%
Fee Waiver [1] (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%)
Total Annual Operating Expenses After Fee Waiver (%) 1.33% 2.07% 1.30% 1.00% 1.39% 1.61% 1.50% 0.95%
[1] 0.90% (waived to 0.85%) 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. 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 Fund's average daily net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. The waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.90% to 0.85%. The other breakpoints in excess of $2.25 billion remain unchanged.
[2] Closed to new investors.
[3] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
Example

The following example is intended to help you compare the cost of investing in Fund of America with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (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 Fund of America - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 629 910 1,213 2,070
Class C 310 659 1,134 2,448
Class Y 132 423 735 1,620
Class I 102 329 575 1,278
Class R3 142 451 782 1,720
Class R4 164 519 897 1,961
Class R5 153 485 840 1,841
Class R6 97 313 548 1,220
Held
Expense Example No Redemption - Multi Class Prospectus - First Eagle Fund of America - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 629 910 1,213 2,070
Class C 210 659 1,134 2,448
Class Y 132 423 735 1,620
Class I 102 329 575 1,278
Class R3 142 451 782 1,720
Class R4 164 519 897 1,961
Class R5 153 485 840 1,841
Class R6 97 313 548 1,220
Portfolio Turnover Rate

Fund of America pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, Fund of America’s portfolio turnover rate was 26.42% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of capital appreciation, Fund of America will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments. Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) are invested in domestic equity and debt instruments. The Fund “counts” derivative positions on these instruments for purposes of this 80% allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price). Equity securities include common stocks, preferred stocks, convertible securities and warrants. The Fund may also invest in repurchase agreements and derivatives.


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


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


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


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

Principal Investment Risks

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


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


 

 

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

 

 

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

 

 

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

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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

 

 

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

 

 

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


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 Fund of America, please see the More Information about the Funds’ Investments section.

Investment Results

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


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


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


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

Calendar Year Total Returns—Class Y
Bar Chart

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2019

 

18.66%

 

 

 

Fourth Quarter 2018

 

-21.67%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

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


After-tax returns for Class C, Class A, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Returns - Multi Class Prospectus - First Eagle Fund of America
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class Y 28.39% 2.39% 9.00%    
Class C 26.41% 1.64% 8.19%    
Class A 21.92% 1.35% 8.44%    
Class I 28.74% 2.71%   6.55% Mar. 08, 2013
Class R3 28.19%     0.63% May 01, 2018
Class R6 28.77%     3.82% Mar. 01, 2017
After Taxes on Distributions | Class Y 28.08% 0.52% 7.59%    
After Taxes on Distributions and Sale of Fund Shares | Class Y 16.98% 1.66% 7.20%    
S&P 500 Index (reflects no deduction for fees, expenses or taxes) | Class I 31.49% 11.70% 13.56% 13.74% Mar. 08, 2013
S&P 500 Index (reflects no deduction for fees, expenses or taxes) | Class R3 31.49% 11.70% 13.56% 14.94% May 01, 2018
S&P 500 Index (reflects no deduction for fees, expenses or taxes) | Class R6 31.49% 11.70% 13.56% 13.33% Mar. 01, 2017
XML 29 R105.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Class T Prospectus | First Eagle High Yield Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle High Yield Fund (formerly named First Eagle High Yield Fund)
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

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

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

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


You may qualify for sales charge discounts if you invest at least $250,000 in the High Income Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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, 2021
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The High Income Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 24.19% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 24.19%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you invest at least $250,000 in the High Income Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 250,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

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


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


The Fund may invest in securities with any investment rating or time to maturity.

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

As with any mutual fund investment, you may lose money by investing in the High Income 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 High Income Fund, which could adversely affect its net asset value and total return, are:


 

 

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

 

 

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

 

 

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

 

 

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


 

 

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

 

 

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

 

 

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

 

 

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


 

 

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

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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

 

 

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


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 High Income Fund, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in the High Income Fund.
RIsk Not Insured [Text] rr_RiskNotInsured 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 High Income Fund commenced operations in its present form on or about December 30, 2011 and is the successor to the Old Mutual High Yield Fund (the “Predecessor Fund”) pursuant to a reorganization on or about that same date. The Predecessor Fund had similar investment objectives and strategies as the Fund, but was managed by another investment adviser.


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


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


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


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

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years and since inception compare with those of a broad measure of market performance.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/high-income-fund
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class I
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2016

 

7.08%

 

 

 

Third Quarter 2011

 

-5.97%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus The bar chart above and table below disclose returns only for Class I shares (which are not offered by this prospectus).
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2016
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.08%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (5.97%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 Narrative rr_PerformanceTableNarrativeTextBlock

The bar chart above and table below disclose returns only for Class I shares (which are not offered by this prospectus). Returns shown for Class I shares assume commencement of operations on November 19, 2007, which is the date of organization of the Predecessor Fund and includes the returns of the Predecessor Fund for periods prior to January 1, 2012.


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses. Because the Class T share expenses are anticipated to be higher than Class I, Class T share performance would be lower.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Class T Prospectus | First Eagle High Yield Fund | Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 14.32%
5 Years rr_AverageAnnualReturnYear05 6.13%
10 Years rr_AverageAnnualReturnYear10 7.57%
Class T Prospectus | First Eagle High Yield Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.39% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.34%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.10%) [1]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.24%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 373
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 654
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 956
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,814
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 373
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 654
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 956
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,814
Class T Prospectus | First Eagle High Yield Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2010 rr_AnnualReturn2010 15.76%
Annual Return 2011 rr_AnnualReturn2011 4.08%
Annual Return 2012 rr_AnnualReturn2012 15.19%
Annual Return 2013 rr_AnnualReturn2013 6.92%
Annual Return 2014 rr_AnnualReturn2014 (0.24%)
Annual Return 2015 rr_AnnualReturn2015 (7.04%)
Annual Return 2016 rr_AnnualReturn2016 17.19%
Annual Return 2017 rr_AnnualReturn2017 4.86%
Annual Return 2018 rr_AnnualReturn2018 (0.42%)
Annual Return 2019 rr_AnnualReturn2019 8.93%
1 Year rr_AverageAnnualReturnYear01 8.93%
5 Years rr_AverageAnnualReturnYear05 4.38%
10 Years rr_AverageAnnualReturnYear10 6.25%
Class T Prospectus | First Eagle High Yield Fund | Class I | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.85%
5 Years rr_AverageAnnualReturnYear05 1.93%
10 Years rr_AverageAnnualReturnYear10 3.17%
Class T Prospectus | First Eagle High Yield Fund | Class I | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 5.25%
5 Years rr_AverageAnnualReturnYear05 2.21%
10 Years rr_AverageAnnualReturnYear10 3.51%
[1] The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.10% of the average daily value of the Fund's net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.60%.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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Label Element Value
Class T 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.


You may qualify for sales charge discounts if you invest at least $250,000 in the Overseas Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 6.99% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 6.99%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you invest at least $250,000 in the Overseas Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 250,000
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 futures 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.


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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 [Text] rr_RiskNotInsured 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 U.S. 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 One Year or Less [Text] rr_PerformanceOneYearOrLess While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here.
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*

Third Quarter 2010

 

9.38%

 

 

 

Third Quarter 2011

 

-10.29%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.38%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (10.29%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 Narrative rr_PerformanceTableNarrativeTextBlock

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Class T Prospectus | First Eagle Overseas Fund | MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 22.01%
5 Years rr_AverageAnnualReturnYear05 5.67%
10 Years rr_AverageAnnualReturnYear10 5.50%
Class T Prospectus | First Eagle Overseas Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.15% [1]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.15%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 364
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 606
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 867
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,613
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 364
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 606
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 867
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,613
Class T Prospectus | First Eagle Overseas Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
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%
Annual Return 2018 rr_AnnualReturn2018 (10.29%)
Annual Return 2019 rr_AnnualReturn2019 17.61%
1 Year rr_AverageAnnualReturnYear01 11.73%
5 Years rr_AverageAnnualReturnYear05 4.30%
10 Years rr_AverageAnnualReturnYear10 5.76%
Class T Prospectus | First Eagle Overseas Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.95%
5 Years rr_AverageAnnualReturnYear05 3.51%
10 Years rr_AverageAnnualReturnYear10 4.88%
Class T Prospectus | First Eagle Overseas Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.56%
5 Years rr_AverageAnnualReturnYear05 3.30%
10 Years rr_AverageAnnualReturnYear10 4.56%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.

XML 33 R90.htm IDEA: XBRL DOCUMENT v3.20.1
Total
Class T 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 invest at least $250,000 in the Global Income Builder Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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
Class T Prospectus
First Eagle Global Income Builder Fund
Class T
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) none
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class T Prospectus
First Eagle Global Income Builder Fund
Class T
Management Fees 0.75%
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.18% [1]
Total Annual Operating Expenses (%) 1.18%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Global Income Builder Fund | Class T | USD ($) 367 615 883 1,646
Held
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Global Income Builder Fund | Class T | USD ($) 367 615 883 1,646
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 above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 25.54% 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 as well as 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 Global Income Builder 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.

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.


 

 

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).

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.


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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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*

First Quarter 2019

 

7.40%

 

 

 

Fourth Quarter 2018

 

-6.48%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Returns - Class T Prospectus - First Eagle Global Income Builder Fund
1 Year
5 Years
Since Inception
Inception Date
Class A 8.95% 4.36% 5.35% May 01, 2012
After Taxes on Distributions | Class A 7.97% 3.45% 4.32%  
After Taxes on Distributions and Sale of Fund Shares | Class A 5.33% 3.04% 3.82%  
60% MSCI World Index/40% Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes) 20.01% 6.63% 7.42% May 01, 2012
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) 27.67% 8.74% 10.24% May 01, 2012
Bloomberg Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) 8.72% 3.05% 2.85% May 01, 2012
XML 34 R98.htm IDEA: XBRL DOCUMENT v3.20.1
Total
Class T Prospectus | First Eagle High Yield Fund
First Eagle High Yield Fund (formerly named First Eagle High Yield Fund)
Investment Objective

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

Fees and Expenses of the High Income Fund

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


You may qualify for sales charge discounts if you invest at least $250,000 in the High Income Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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
Class T Prospectus
First Eagle High Yield Fund
Class T
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) none
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class T Prospectus
First Eagle High Yield Fund
Class T
Management Fees 0.70% [1]
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.39% [2]
Total Annual Operating Expenses (%) 1.34%
Fee Waiver (0.10%) [1]
Total Annual Operating Expenses After Fee Waiver (%) 1.24%
[1] The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.10% of the average daily value of the Fund's net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.60%.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
Example

The following example is intended to help you compare the cost of investing in the High Income 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
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle High Yield Fund | Class T | USD ($) 373 654 956 1,814
Held
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle High Yield Fund | Class T | USD ($) 373 654 956 1,814
Portfolio Turnover Rate

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The High Income Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 24.19% of the average value of its portfolio.

Principal Investment Strategies

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


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


The Fund may invest in securities with any investment rating or time to maturity.

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the High Income 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 High Income Fund, which could adversely affect its net asset value and total return, are:


 

 

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

 

 

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

 

 

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

 

 

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


 

 

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

 

 

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

 

 

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

 

 

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


 

 

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

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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

 

 

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


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 High Income Fund, please see the More Information about the Funds’ Investments section.

Investment Results

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


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


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


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


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

Calendar Year Total Returns—Class I
Bar Chart

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2016

 

7.08%

 

 

 

Third Quarter 2011

 

-5.97%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

The bar chart above and table below disclose returns only for Class I shares (which are not offered by this prospectus). Returns shown for Class I shares assume commencement of operations on November 19, 2007, which is the date of organization of the Predecessor Fund and includes the returns of the Predecessor Fund for periods prior to January 1, 2012.


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses. Because the Class T share expenses are anticipated to be higher than Class I, Class T share performance would be lower.

Average Annual Returns - Class T Prospectus - First Eagle High Yield Fund
1 Year
5 Years
10 Years
Class I 8.93% 4.38% 6.25%
After Taxes on Distributions | Class I 6.85% 1.93% 3.17%
After Taxes on Distributions and Sale of Fund Shares | Class I 5.25% 2.21% 3.51%
Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes) 14.32% 6.13% 7.57%
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Total
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 82 and 89, 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] 0.29% 0.30% 0.24% 0.15% 0.64% 0.21% 0.14%
Total Annual Operating Expenses (%) 1.29% 2.05% 0.99% 1.25% 1.49% 0.96% 0.89%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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 ($)
1 Year
3 Years
5 Years
10 Years
Class A 625 889 1,172 1,979
Class C 308 643 1,103 2,379
Class I 101 315 547 1,213
Class R3 127 397 686 1,511
Class R4 152 471 813 1,779
Class R5 98 306 531 1,178
Class R6 91 284 493 1,096
Held
Expense Example No Redemption - Multi Class Prospectus - First Eagle Gold Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 625 889 1,172 1,979
Class C 208 643 1,103 2,379
Class I 101 315 547 1,213
Class R3 127 397 686 1,511
Class R4 152 471 813 1,779
Class R5 98 306 531 1,178
Class R6 91 284 493 1,096
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 20.01% 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 futures 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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, 2019

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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended 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 31.58% 5.74% (2.50%)    
Class C 36.47% 6.00% (2.76%)    
Class I 38.98% 7.14% (1.74%)    
Class R3 38.56%     13.70% May 01, 2018
Class R6 38.91%     5.28% Mar. 01, 2017
After Taxes on Distributions | Class A 31.58% 5.74% (2.69%)    
After Taxes on Distributions and Sale of Fund Shares | Class A 18.69% 4.49% (1.72%)    
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R3 27.67% 8.74% 9.47% 9.69% May 01, 2018
MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R6 27.67% 8.74% 9.47% 10.94% Mar. 01, 2017
FTSE Gold Mines Index (reflects no deduction for fees, expenses or taxes) | Class R3 41.21% 11.38% (4.60%) 18.59% May 01, 2018
FTSE Gold Mines Index (reflects no deduction for fees, expenses or taxes) | Class R6 41.21% 11.38% (4.60%) 8.20% Mar. 01, 2017

XML 38 R33.htm IDEA: XBRL DOCUMENT v3.20.1
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 82 and 89, 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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 20.01% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 20.01%
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
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 futures 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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 [Text] rr_RiskNotInsured 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy.
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%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
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_MaximumDeferredSalesChargeOverOfferingPrice 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 0.29% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.29%
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 $ 625
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 889
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,172
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,979
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 625
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 889
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,172
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,979
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%
Annual Return 2018 rr_AnnualReturn2018 (15.90%)
Annual Return 2019 rr_AnnualReturn2019 38.51%
1 Year rr_AverageAnnualReturnYear01 31.58%
5 Years rr_AverageAnnualReturnYear05 5.74%
10 Years rr_AverageAnnualReturnYear10 (2.50%)
Multi Class Prospectus | First Eagle Gold Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.58%
5 Years rr_AverageAnnualReturnYear05 5.74%
10 Years rr_AverageAnnualReturnYear10 (2.69%)
Multi Class Prospectus | First Eagle Gold Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 18.69%
5 Years rr_AverageAnnualReturnYear05 4.49%
10 Years rr_AverageAnnualReturnYear10 (1.72%)
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_MaximumDeferredSalesChargeOverOfferingPrice 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 0.30% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 2.05%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 308
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 643
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,103
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,379
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 208
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 643
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,103
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,379
1 Year rr_AverageAnnualReturnYear01 36.47%
5 Years rr_AverageAnnualReturnYear05 6.00%
10 Years rr_AverageAnnualReturnYear10 (2.76%)
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_MaximumDeferredSalesChargeOverOfferingPrice 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 38.98%
5 Years rr_AverageAnnualReturnYear05 7.14%
10 Years rr_AverageAnnualReturnYear10 (1.74%)
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_MaximumDeferredSalesChargeOverOfferingPrice 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 0.15% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.25%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 127
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 397
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 686
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,511
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 127
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 397
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 686
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,511
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 38.56%
Since Inception rr_AverageAnnualReturnSinceInception 13.70%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Gold Fund | Class R3 | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
10 Years rr_AverageAnnualReturnYear10 9.47%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Gold Fund | Class R3 | FTSE Gold Mines Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 41.21%
5 Years rr_AverageAnnualReturnYear05 11.38%
10 Years rr_AverageAnnualReturnYear10 (4.60%)
Since Inception rr_AverageAnnualReturnSinceInception 18.59%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
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_MaximumDeferredSalesChargeOverOfferingPrice 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 0.64% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 152
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 471
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 813
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,779
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 152
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 471
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 813
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,779
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice 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 0.21% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.96%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 98
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 306
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 531
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,178
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 98
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 306
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 531
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,178
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice 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 0.14% [2]
Total Annual 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
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 38.91%
Since Inception rr_AverageAnnualReturnSinceInception 5.28%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Gold Fund | Class R6 | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
10 Years rr_AverageAnnualReturnYear10 9.47%
Since Inception rr_AverageAnnualReturnSinceInception 10.94%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Gold Fund | Class R6 | FTSE Gold Mines Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 41.21%
5 Years rr_AverageAnnualReturnYear05 11.38%
10 Years rr_AverageAnnualReturnYear10 (4.60%)
Since Inception rr_AverageAnnualReturnSinceInception 8.20%
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, 2019.
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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.


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 82 and 89, 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% 0.14% 0.11% 0.22% 0.19% 0.37% 0.05%
Total Annual Operating Expenses (%) 1.15% 1.89% 0.86% 1.32% 1.04% 1.12% 0.80%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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 ($)
1 Year
3 Years
5 Years
10 Years
Class A 611 847 1,101 1,828
Class C 292 594 1,021 2,212
Class I 88 274 477 1,061
Class R3 134 418 723 1,590
Class R4 106 331 574 1,271
Class R5 114 356 617 1,363
Class R6 82 255 444 990
Held
Expense Example No Redemption - Multi Class Prospectus - First Eagle Overseas Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 611 847 1,101 1,828
Class C 192 594 1,021 2,212
Class I 88 274 477 1,061
Class R3 134 418 723 1,590
Class R4 106 331 574 1,271
Class R5 114 356 617 1,363
Class R6 82 255 444 990
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 6.99% 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 futures 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.


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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 U.S. 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*

Third Quarter 2010

 

9.38%

 

 

 

Third Quarter 2011

 

-10.29%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended 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 11.73% 4.30% 5.76%    
Class C 15.68% 4.61% 5.51%    
Class I 17.91% 5.68% 6.58%    
Class R3 17.24%     3.44% May 01, 2018
Class R4 17.68%     1.02% Jan. 17, 2018
Class R6 17.94%     5.31% Mar. 01, 2017
After Taxes on Distributions | Class A 9.95% 3.51% 4.88%    
After Taxes on Distributions and Sale of Fund Shares | Class A 7.56% 3.30% 4.56%    
MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R3 22.01% 5.67% 5.50% 2.63% May 01, 2018
MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R4 22.01% 5.67% 5.50% 0.28% Jan. 17, 2018
MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of taxes) | Class R6 22.01% 5.67% 5.50% 8.34% Mar. 01, 2017
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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 82 and 89, 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] 0.16% 0.17% 0.13% 0.16% 0.66% 0.65% 0.08%
Total Annual Operating Expenses (%) 1.16% 1.92% 0.88% 1.26% 1.51% 1.40% 0.83%
Fee Waiver [1] (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%) (0.05%)
Total Annual Operating Expenses After Fee Waiver (%) 1.11% 1.87% 0.83% 1.21% 1.46% 1.35% 0.78%
[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, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. 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, 2019.
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 ($)
1 Year
3 Years
5 Years
10 Years
Class A 608 845 1,102 1,834
Class C 290 598 1,032 2,239
Class I 85 276 483 1,080
Class R3 123 395 687 1,518
Class R4 149 472 819 1,797
Class R5 137 438 761 1,675
Class R6 80 260 456 1,021
Held
Expense Example No Redemption - Multi Class Prospectus - First Eagle U.S. Value Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 608 845 1,102 1,834
Class C 190 598 1,032 2,239
Class I 85 276 483 1,080
Class R3 123 395 687 1,518
Class R4 149 472 819 1,797
Class R5 137 438 761 1,675
Class R6 80 260 456 1,021
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 8.65% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of long-term capital growth, the U.S. Value Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt instruments and may invest to a lesser extent in securities of non-U.S. issuers. In particular, the Fund seeks companies exhibiting financial strength and stability, strong management and fundamental value. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The debt instruments in which the Fund may invest include fixed-income securities without regard to credit rating or time to maturity and short-term debt instruments. The Fund may also invest in gold and other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (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 futures 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, commonly known as 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 U.S. 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*

First Quarter 2019

 

10.46%

 

 

 

Third Quarter 2011

 

-9.03%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended 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 13.40% 5.55% 8.08%    
Class C 17.42% 5.83% 7.82%    
Class I 19.72% 6.94% 8.93%    
Class R3 19.28%     7.26% May 01, 2018
Class R6 19.77%     7.23% Mar. 01, 2017
After Taxes on Distributions | Class A 11.12% 3.40% 6.56%    
After Taxes on Distributions and Sale of Fund Shares | Class A 9.27% 4.07% 6.37%    
S&P 500 Index (reflects no deduction for fees, expenses or taxes) | Class R3 31.49% 11.70% 13.56% 14.94% May 01, 2018
S&P 500 Index (reflects no deduction for fees, expenses or taxes) | Class R6 31.49% 11.70% 13.56% 13.33% 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 82 and 89, 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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10.26% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 10.26%
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
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 futures 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. The risks may be more pronounced with respect to investments in emerging markets.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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, commonly known as 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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 [Text] rr_RiskNotInsured 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 U.S. 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*

First Quarter 2019

 

9.88%

 

 

 

Third Quarter 2011

 

-9.95%

 

 

 

 

 


 

*

 

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, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.88%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.95%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
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_MaximumDeferredSalesChargeOverOfferingPrice 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 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%
Annual Return 2018 rr_AnnualReturn2018 (8.51%)
Annual Return 2019 rr_AnnualReturn2019 20.17%
1 Year rr_AverageAnnualReturnYear01 14.16%
5 Years rr_AverageAnnualReturnYear05 5.38%
10 Years rr_AverageAnnualReturnYear10 7.38%
Multi Class Prospectus | First Eagle Global Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 12.50%
5 Years rr_AverageAnnualReturnYear05 4.29%
10 Years rr_AverageAnnualReturnYear10 6.45%
Multi Class Prospectus | First Eagle Global Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.15%
5 Years rr_AverageAnnualReturnYear05 4.05%
10 Years rr_AverageAnnualReturnYear10 5.86%
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_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.12% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.87%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 290
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 588
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,011
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,190
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 190
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 588
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,011
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,190
1 Year rr_AverageAnnualReturnYear01 18.26%
5 Years rr_AverageAnnualReturnYear05 5.67%
10 Years rr_AverageAnnualReturnYear10 7.13%
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.10% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.85%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 87
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 271
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 471
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,049
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 87
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 271
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 471
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,049
1 Year rr_AverageAnnualReturnYear01 20.48%
5 Years rr_AverageAnnualReturnYear05 6.75%
10 Years rr_AverageAnnualReturnYear10 8.21%
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.04% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.14%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 116
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 362
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 628
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,386
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 116
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 362
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 628
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,386
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 20.08%
Since Inception rr_AverageAnnualReturnSinceInception 6.19%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Global Fund | Class R3 | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
10 Years rr_AverageAnnualReturnYear10 9.47%
Since Inception rr_AverageAnnualReturnSinceInception 9.69%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.12% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 0.97%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 99
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 309
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 536
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,190
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 99
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 309
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 536
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,190
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 20.33%
Since Inception rr_AverageAnnualReturnSinceInception 3.12%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2018
Multi Class Prospectus | First Eagle Global Fund | Class R4 | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
10 Years rr_AverageAnnualReturnYear10 9.47%
Since Inception rr_AverageAnnualReturnSinceInception 5.96%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2018
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.60% [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
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
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_MaximumDeferredSalesChargeOverOfferingPrice 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
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 20.57%
Since Inception rr_AverageAnnualReturnSinceInception 6.57%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Global Fund | Class R6 | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
10 Years rr_AverageAnnualReturnYear10 9.47%
Since Inception rr_AverageAnnualReturnSinceInception 10.94%
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, 2019.
XML 43 R89.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Class T 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 invest at least $250,000 in the Gold Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 20.01% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 20.01%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you invest at least $250,000 in the Gold Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 250,000
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 futures 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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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, commonly known as 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 [Text] rr_RiskNotInsured 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. 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 U.S. 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 one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here.
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.

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).
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%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 Narrative rr_PerformanceTableNarrativeTextBlock

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Class T Prospectus | First Eagle Gold Fund | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
10 Years rr_AverageAnnualReturnYear10 9.47%
Class T Prospectus | First Eagle Gold Fund | FTSE Gold Mines Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 41.21%
5 Years rr_AverageAnnualReturnYear05 11.38%
10 Years rr_AverageAnnualReturnYear10 (4.60%)
Class T Prospectus | First Eagle Gold Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice 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 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.29% [1]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.29%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 378
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 649
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 940
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,768
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 378
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 649
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 940
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,768
Class T Prospectus | First Eagle Gold Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
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%
Annual Return 2018 rr_AnnualReturn2018 (15.90%)
Annual Return 2019 rr_AnnualReturn2019 38.51%
1 Year rr_AverageAnnualReturnYear01 31.58%
5 Years rr_AverageAnnualReturnYear05 5.74%
10 Years rr_AverageAnnualReturnYear10 (2.50%)
Class T Prospectus | First Eagle Gold Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.58%
5 Years rr_AverageAnnualReturnYear05 5.74%
10 Years rr_AverageAnnualReturnYear10 (2.69%)
Class T Prospectus | First Eagle Gold Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 18.69%
5 Years rr_AverageAnnualReturnYear05 4.49%
10 Years rr_AverageAnnualReturnYear10 (1.72%)
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
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Document and Entity Information
Total
Prospectus:  
Document Type 485BPOS
Document Period End Date Oct. 31, 2019
Entity Registrant Name FIRST EAGLE FUNDS
Entity Central Index Key 0000906352
Entity Inv Company Type N-1A
Amendment Flag false
Document Creation Date Feb. 28, 2020
Document Effective Date Mar. 01, 2020
Prospectus Date Mar. 01, 2020

XML 46 R81.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Class T 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 invest at least $250,000 in the U.S. Value Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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, 2021
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 8.65% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 8.65%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you invest at least $250,000 in the U.S. Value Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 250,000
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 futures 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, commonly known as 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 [Text] rr_RiskNotInsured 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 U.S. 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 One Year or Less [Text] rr_PerformanceOneYearOrLess While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here.
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*

First Quarter 2019

 

10.46%

 

 

 

Third Quarter 2011

 

-9.03%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 10.46%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.03%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 Narrative rr_PerformanceTableNarrativeTextBlock

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Class T Prospectus | First Eagle U.S. Value Fund | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Class T Prospectus | First Eagle U.S. Value Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.16% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.16%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [1]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.11%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 360
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 604
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 868
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,619
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 360
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 604
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 868
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,619
Class T Prospectus | First Eagle U.S. Value Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
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%
Annual Return 2018 rr_AnnualReturn2018 (5.92%)
Annual Return 2019 rr_AnnualReturn2019 19.36%
1 Year rr_AverageAnnualReturnYear01 13.40%
5 Years rr_AverageAnnualReturnYear05 5.55%
10 Years rr_AverageAnnualReturnYear10 8.08%
Class T Prospectus | First Eagle U.S. Value Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.12%
5 Years rr_AverageAnnualReturnYear05 3.40%
10 Years rr_AverageAnnualReturnYear10 6.56%
Class T Prospectus | First Eagle U.S. Value Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.27%
5 Years rr_AverageAnnualReturnYear05 4.07%
10 Years rr_AverageAnnualReturnYear10 6.37%
[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, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. 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, 2019.
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Total
Class T 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 invest at least $250,000 in the U.S. Value Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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
Class T Prospectus
First Eagle U.S. Value Fund
Class T
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) none
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class T Prospectus
First Eagle U.S. Value Fund
Class T
Management Fees 0.75% [1]
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.16% [2]
Total Annual Operating Expenses (%) 1.16%
Fee Waiver (0.05%) [1]
Total Annual Operating Expenses After Fee Waiver (%) 1.11%
[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, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. 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, 2019.
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
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle U.S. Value Fund | Class T | USD ($) 360 604 868 1,619
Held
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle U.S. Value Fund | Class T | USD ($) 360 604 868 1,619
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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 8.65% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of long-term capital growth, the U.S. Value Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt instruments and may invest to a lesser extent in securities of non-U.S. issuers. In particular, the Fund seeks companies exhibiting financial strength and stability, strong management and fundamental value. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The debt instruments in which the Fund may invest include fixed-income securities without regard to credit rating or time to maturity and short-term debt instruments. The Fund may also invest in gold and other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (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 futures 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, commonly known as 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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.

 

 

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 U.S. 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*

First Quarter 2019

 

10.46%

 

 

 

Third Quarter 2011

 

-9.03%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Returns - Class T Prospectus - First Eagle U.S. Value Fund
1 Year
5 Years
10 Years
Class A 13.40% 5.55% 8.08%
After Taxes on Distributions | Class A 11.12% 3.40% 6.56%
After Taxes on Distributions and Sale of Fund Shares | Class A 9.27% 4.07% 6.37%
S&P 500 Index (reflects no deduction for fees, expenses or taxes) 31.49% 11.70% 13.56%

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Total
Class T Prospectus | First Eagle Fund of America
First Eagle Fund of America
Investment Objective

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

Fees and Expenses of the Fund of America

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


You may qualify for sales charge discounts if you invest at least $250,000 in Fund of America. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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
Class T Prospectus
First Eagle Fund of America
Class T
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) none
Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Class T Prospectus
First Eagle Fund of America
Class T
Management Fees 0.90% [1]
Distribution and Service (12b-1) Fees 0.25%
Other Expenses 0.23% [2]
Total Annual Operating Expenses (%) 1.38%
Fee Waiver (0.05%) [1]
Total Annual Operating Expenses After Fee Waiver (%) 1.33%
[1] 0.90% (waived to 0.85%) 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. 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 Fund's average daily net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. The waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.90% to 0.85%. The other breakpoints in excess of $2.25 billion remain unchanged.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
Example

The following example is intended to help you compare the cost of investing in Fund of America with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (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
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Fund of America | Class T | USD ($) 382 671 982 1,862
Held
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Class T Prospectus | First Eagle Fund of America | Class T | USD ($) 382 671 982 1,862
Portfolio Turnover Rate

Fund of America pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, Fund of America’s portfolio turnover rate was 26.42% of the average value of its portfolio.

Principal Investment Strategies

To achieve its objective of capital appreciation, Fund of America will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments. Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) are invested in domestic equity and debt instruments. The Fund “counts” derivative positions on these instruments for purposes of this 80% allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price). Equity securities include common stocks, preferred stocks, convertible securities and warrants. The Fund may also invest in repurchase agreements and derivatives.


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


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


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


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

Principal Investment Risks

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


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


 

 

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

 

 

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

 

 

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

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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


 

 

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

 

 

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


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 Fund of America, please see the More Information about the Funds’ Investments section.

Investment Results

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


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


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


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

Calendar Year Total Returns—Class Y
Bar Chart

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2019

 

18.66%

 

 

 

Fourth Quarter 2018

 

-21.67%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

The bar chart above and table below disclose returns only for Class Y shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Returns - Class T Prospectus - First Eagle Fund of America
1 Year
5 Years
10 Years
Class Y 28.39% 2.39% 9.00%
After Taxes on Distributions | Class Y 28.08% 0.52% 7.59%
After Taxes on Distributions and Sale of Fund Shares | Class Y 16.98% 1.66% 7.20%
S&P 500 Index (reflects no deduction for fees, expenses or taxes) 31.49% 11.70% 13.56%

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Label Element Value
Multi Class Prospectus | First Eagle Fund of America  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle Fund of America
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

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

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

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


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in Fund of America. Information about these and other discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class A Shares sections on pages 82 and 89, respectively, and in the appendix to the Fund’s 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, 2021
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

Fund of America pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, Fund of America’s portfolio turnover rate was 26.42% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 26.42%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in Fund of America.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in Fund of America with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (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 capital appreciation, Fund of America will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments. Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) are invested in domestic equity and debt instruments. The Fund “counts” derivative positions on these instruments for purposes of this 80% allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price). Equity securities include common stocks, preferred stocks, convertible securities and warrants. The Fund may also invest in repurchase agreements and derivatives.


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


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


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


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

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

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


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


 

 

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

 

 

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

 

 

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

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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

 

 

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

 

 

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


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 Fund of America, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in Fund of America.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a non-diversified mutual fund, and as a result, an investment in Fund of America may expose your money to greater risks than if you invest in a diversified fund. Fund of America will invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.
RIsk Not Insured [Text] rr_RiskNotInsured 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 Fund of America by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


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


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


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

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

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2019

 

18.66%

 

 

 

Fourth Quarter 2018

 

-21.67%

 

 

 

 

 


 

*

 

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, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.66%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2018
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.67%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown The following table discloses after-tax returns only for Class Y shares. After-tax returns for Class C, Class A, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

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


After-tax returns for Class C, Class A, Class I, Class R3, Class R4, Class R5 and Class R6 shares will vary. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Multi Class Prospectus | First Eagle Fund of America | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.23% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.38%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.33%
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 $ 629
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 910
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,213
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,070
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 629
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 910
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,213
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,070
1 Year rr_AverageAnnualReturnYear01 21.92%
5 Years rr_AverageAnnualReturnYear05 1.35%
10 Years rr_AverageAnnualReturnYear10 8.44%
Multi Class Prospectus | First Eagle Fund of America | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.22% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 2.12%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 2.07%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 310
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 659
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,134
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,448
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 210
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 659
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,134
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,448
1 Year rr_AverageAnnualReturnYear01 26.41%
5 Years rr_AverageAnnualReturnYear05 1.64%
10 Years rr_AverageAnnualReturnYear10 8.19%
Multi Class Prospectus | First Eagle Fund of America | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none [4]
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none [4]
Management Fees rr_ManagementFeesOverAssets 0.90% [2],[4]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [4]
Other Expenses rr_OtherExpensesOverAssets 0.20% [3],[4]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.35% [4]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2],[4]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.30% [4]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 132
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 423
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 735
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,620
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 132
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 423
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 735
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,620
Annual Return 2010 rr_AnnualReturn2010 21.33%
Annual Return 2011 rr_AnnualReturn2011 (1.01%)
Annual Return 2012 rr_AnnualReturn2012 21.16%
Annual Return 2013 rr_AnnualReturn2013 31.04%
Annual Return 2014 rr_AnnualReturn2014 10.32%
Annual Return 2015 rr_AnnualReturn2015 (3.54%)
Annual Return 2016 rr_AnnualReturn2016 (1.97%)
Annual Return 2017 rr_AnnualReturn2017 21.77%
Annual Return 2018 rr_AnnualReturn2018 (23.85%)
Annual Return 2019 rr_AnnualReturn2019 28.39%
1 Year rr_AverageAnnualReturnYear01 28.39%
5 Years rr_AverageAnnualReturnYear05 2.39%
10 Years rr_AverageAnnualReturnYear10 9.00%
Multi Class Prospectus | First Eagle Fund of America | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 28.08%
5 Years rr_AverageAnnualReturnYear05 0.52%
10 Years rr_AverageAnnualReturnYear10 7.59%
Multi Class Prospectus | First Eagle Fund of America | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.98%
5 Years rr_AverageAnnualReturnYear05 1.66%
10 Years rr_AverageAnnualReturnYear10 7.20%
Multi Class Prospectus | First Eagle Fund of America | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.15% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.05%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 329
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 575
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,278
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 102
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 329
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 575
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,278
1 Year rr_AverageAnnualReturnYear01 28.74%
5 Years rr_AverageAnnualReturnYear05 2.71%
Since Inception rr_AverageAnnualReturnSinceInception 6.55%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 08, 2013
Multi Class Prospectus | First Eagle Fund of America | Class I | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Since Inception rr_AverageAnnualReturnSinceInception 13.74%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 08, 2013
Multi Class Prospectus | First Eagle Fund of America | Class R3  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses rr_OtherExpensesOverAssets 0.19% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.44%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.39%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 142
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 451
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 782
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,720
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 142
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 451
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 782
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,720
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 28.19%
Since Inception rr_AverageAnnualReturnSinceInception 0.63%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Fund of America | Class R3 | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Since Inception rr_AverageAnnualReturnSinceInception 14.94%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 2018
Multi Class Prospectus | First Eagle Fund of America | Class R4  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.66% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.66%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 164
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 519
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 897
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,961
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 164
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 519
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 897
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,961
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
Multi Class Prospectus | First Eagle Fund of America | Class R5  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.65% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.55%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.50%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 153
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 485
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 840
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,841
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 153
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 485
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 840
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,841
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
Multi Class Prospectus | First Eagle Fund of America | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.90% [2]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.10% [3]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.00%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 0.95%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 97
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 313
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 548
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,220
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 97
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 313
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 548
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,220
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here.
1 Year rr_AverageAnnualReturnYear01 28.77%
Since Inception rr_AverageAnnualReturnSinceInception 3.82%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2017
Multi Class Prospectus | First Eagle Fund of America | Class R6 | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Since Inception rr_AverageAnnualReturnSinceInception 13.33%
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] 0.90% (waived to 0.85%) 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. 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 Fund's average daily net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. The waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.90% to 0.85%. The other breakpoints in excess of $2.25 billion remain unchanged.
[3] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
[4] Closed to new investors.

XML 53 R113.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Class T Prospectus | First Eagle Fund of America  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading First Eagle Fund of America
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

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

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

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


You may qualify for sales charge discounts if you invest at least $250,000 in Fund of America. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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, 2021
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover Rate
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

Fund of America pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, Fund of America’s portfolio turnover rate was 26.42% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 26.42%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you invest at least $250,000 in Fund of America.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 250,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

The following example is intended to help you compare the cost of investing in Fund of America with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (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 capital appreciation, Fund of America will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments. Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) are invested in domestic equity and debt instruments. The Fund “counts” derivative positions on these instruments for purposes of this 80% allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price). Equity securities include common stocks, preferred stocks, convertible securities and warrants. The Fund may also invest in repurchase agreements and derivatives.


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


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


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


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

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

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


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


 

 

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

 

 

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

 

 

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

 

 

Credit and Interest Rate Risk — The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “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. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.

 

 

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


 

 

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

 

 

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


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 Fund of America, please see the More Information about the Funds’ Investments section.

Risk Lose Money [Text] rr_RiskLoseMoney As with any mutual fund investment, you may lose money by investing in Fund of America.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a non-diversified mutual fund, and as a result, an investment in Fund of America may expose your money to greater risks than if you invest in a diversified fund. Fund of America will invest in a limited number of companies and industries, therefore gains or losses in a particular security may have a greater impact on their share price.
RIsk Not Insured [Text] rr_RiskNotInsured 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 Fund of America by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).


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


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


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

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following information provides an indication of the risks of investing in Fund of America by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800.334.2143
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.feim.com/individual-investors/fund/fund-america
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not an indication of future performance (before or after taxes).
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Returns—Class Y
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

First Quarter 2019

 

18.66%

 

 

 

Fourth Quarter 2018

 

-21.67%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus The bar chart above and table below disclose returns only for Class Y shares (which are not offered by this prospectus).
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.66%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2018
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.67%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 Narrative rr_PerformanceTableNarrativeTextBlock

The bar chart above and table below disclose returns only for Class Y shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Class T Prospectus | First Eagle Fund of America | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 31.49%
5 Years rr_AverageAnnualReturnYear05 11.70%
10 Years rr_AverageAnnualReturnYear10 13.56%
Class T Prospectus | First Eagle Fund of America | Class T  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.90% [1]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.23% [2]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.38%
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.05%) [1]
Total Annual Operating Expenses After Fee Waiver (%) rr_NetExpensesOverAssets 1.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 382
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 671
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 982
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,862
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 382
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 671
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 982
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,862
Class T Prospectus | First Eagle Fund of America | Class Y  
Risk/Return: rr_RiskReturnAbstract  
Annual Return 2010 rr_AnnualReturn2010 21.33%
Annual Return 2011 rr_AnnualReturn2011 (1.01%)
Annual Return 2012 rr_AnnualReturn2012 21.16%
Annual Return 2013 rr_AnnualReturn2013 31.04%
Annual Return 2014 rr_AnnualReturn2014 10.32%
Annual Return 2015 rr_AnnualReturn2015 (3.54%)
Annual Return 2016 rr_AnnualReturn2016 (1.97%)
Annual Return 2017 rr_AnnualReturn2017 21.77%
Annual Return 2018 rr_AnnualReturn2018 (23.85%)
Annual Return 2019 rr_AnnualReturn2019 28.39%
1 Year rr_AverageAnnualReturnYear01 28.39%
5 Years rr_AverageAnnualReturnYear05 2.39%
10 Years rr_AverageAnnualReturnYear10 9.00%
Class T Prospectus | First Eagle Fund of America | Class Y | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 28.08%
5 Years rr_AverageAnnualReturnYear05 0.52%
10 Years rr_AverageAnnualReturnYear10 7.59%
Class T Prospectus | First Eagle Fund of America | Class Y | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.98%
5 Years rr_AverageAnnualReturnYear05 1.66%
10 Years rr_AverageAnnualReturnYear10 7.20%
[1] 0.90% (waived to 0.85%) 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. 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 Fund's average daily net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. The waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.90% to 0.85%. The other breakpoints in excess of $2.25 billion remain unchanged.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
XML 54 R65.htm IDEA: XBRL DOCUMENT v3.20.1
Label Element Value
Class T 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 invest at least $250,000 in the Global Fund. Information about these discounts is available from your financial professional and in the How to Purchase Shares and Public Offering Price of Class T Shares sections on pages 73 and 78, 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 above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 10.26% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 10.26%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you invest at least $250,000 in the Global Fund.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 250,000
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 futures 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. The risks may be more pronounced with respect to investments in emerging markets.

 

 

Small and Medium-Size Company Risk — The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.


 

 

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. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.

 

 

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, commonly known as 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.

 

 

Value Investment Strategy Risk — An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies.


 

 

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 [Text] rr_RiskNotInsured 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 U.S. 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 One Year or Less [Text] rr_PerformanceOneYearOrLess While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here.
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*

First Quarter 2019

 

9.88%

 

 

 

Third Quarter 2011

 

-9.95%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Bar Chart, Returns for Class Not Offered in Prospectus [Text] rr_BarChartReturnsForClassNotOfferedInProspectus The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2019
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.88%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.95%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees or expenses, but reflects net of taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual U.S. 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 Narrative rr_PerformanceTableNarrativeTextBlock

The bar chart above and table below disclose returns only for Class A shares (which are not offered by this prospectus).


While no information is shown for the Class T shares (because they have no or partial performance as of December 31, 2019), annual returns for Class T shares would have been substantially similar to those shown here. Class T shares are invested in the same portfolio of securities and the annual returns would differ only to the extent that Class T shares do not have the same expenses.

Average Annual Return, Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2019
Class T Prospectus | First Eagle Global Fund | MSCI World Index (reflects no deduction for fees or expenses, but reflects net of taxes)  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 27.67%
5 Years rr_AverageAnnualReturnYear05 8.74%
10 Years rr_AverageAnnualReturnYear10 9.47%
Class T Prospectus | First Eagle Global Fund | Class T  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.11% [1]
Total Annual Operating Expenses (%) rr_ExpensesOverAssets 1.11%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 360
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 594
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 846
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,568
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 360
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 594
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 846
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,568
Class T Prospectus | First Eagle Global Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
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%
Annual Return 2018 rr_AnnualReturn2018 (8.51%)
Annual Return 2019 rr_AnnualReturn2019 20.17%
1 Year rr_AverageAnnualReturnYear01 14.16%
5 Years rr_AverageAnnualReturnYear05 5.38%
10 Years rr_AverageAnnualReturnYear10 7.38%
Class T Prospectus | First Eagle Global Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 12.50%
5 Years rr_AverageAnnualReturnYear05 4.29%
10 Years rr_AverageAnnualReturnYear10 6.45%
Class T Prospectus | First Eagle Global Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 9.15%
5 Years rr_AverageAnnualReturnYear05 4.05%
10 Years rr_AverageAnnualReturnYear10 5.86%
[1] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
XML 55 R42.htm IDEA: XBRL DOCUMENT v3.20.1
Total
Multi Class Prospectus | First Eagle High Yield Fund
First Eagle High Yield Fund (formerly named First Eagle High Yield Fund)
Investment Objective

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

Fees and Expenses of the High Income Fund

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


You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Income 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 82 and 89, 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 High Yield Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price) 4.50% none none none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price) 1.00% [1] 1.00% none none none none none
[1] A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 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 High Yield Fund
Class A
Class C
Class I
Class R3
Class R4
Class R5
Class R6
Management Fees [1] 0.70% 0.70% 0.70% 0.70% 0.70% 0.70% 0.70%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% none 0.35% 0.10% none none
Other Expenses [2] 0.39% 0.40% 0.35% 0.39% 0.90% 0.89% 0.32%
Total Annual Operating Expenses (%) 1.34% 2.10% 1.05% 1.44% 1.70% 1.59% 1.02%
Fee Waiver [1] (0.10%) (0.10%) (0.10%) (0.10%) (0.10%) (0.10%) (0.10%)
Total Annual Operating Expenses After Fee Waiver (%) 1.24% 2.00% 0.95% 1.34% 1.60% 1.49% 0.92%
[1] The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.10% of the average daily value of the Fund's net assets for the period through February 28, 2021. This agreement may not be terminated during its term without the consent of the Board of Trustees. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.60%.
[2] "Other Expenses" shown generally reflect actual expenses for the Fund for the fiscal year ended October 31, 2019.
Example

The following example is intended to help you compare the cost of investing in the High Income 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 High Yield Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 571 846 1,142 1,982
Class C 303 648 1,120 2,423
Class I 97 324 570 1,274
Class R3 136 446 777 1,716
Class R4 163 526 914 2,000
Class R5 152 492 856 1,881
Class R6 94 315 554 1,239
Held
Expense Example No Redemption - Multi Class Prospectus - First Eagle High Yield Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 571 846 1,142 1,982
Class C 203 648 1,120 2,423
Class I 97 324 570 1,274
Class R3 136 446 777 1,716
Class R4 163 526 914 2,000
Class R5 152 492 856 1,881
Class R6 94 315 554 1,239
Portfolio Turnover Rate

There are transaction costs due to the bid/ask spread in the case of bonds or commissions in the case of stocks. The High Income Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 24.19% of the average value of its portfolio.

Principal Investment Strategies

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


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


The Fund may invest in securities with any investment rating or time to maturity.

Principal Investment Risks

As with any mutual fund investment, you may lose money by investing in the High Income 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 High Income Fund, which could adversely affect its net asset value and total return, are:


 

 

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

 

 

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

 

 

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

 

 

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

 

 

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

 

 

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


 

 

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

 

 

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

 

 

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

 

 

Defaulted Securities Risk — The Fund may invest in securities of companies that are experiencing significant financial or business difficulties, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.

 

 

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

 

 

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


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 High Income Fund, please see the More Information about the Funds’ Investments section.

Investment Results

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


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


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


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


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

Calendar Year Total Returns—Class I
Bar Chart

 

 

 

 

 

 

 

 

 

Best Quarter*

 

 

 

Worst Quarter*

Second Quarter 2016

 

7.08%

 

 

 

Third Quarter 2011

 

-5.97%

 

 

 

 

 


 

*

 

For the period presented in the bar chart above.

Average Annual Total Returns as of December 31, 2019

The following average annual total returns table discloses after-tax returns only for Class I shares.


After-tax returns for Class A, Class C, Class R3, Class R4, Class R5 and Class R6 shares will vary. Returns shown for Class I shares assume commencement of operations on November 19, 2007, which is the date of organization of the Predecessor Fund. Returns shown for Class A and Class C assume commencement of operations on January 3, 2012, which is the date of inception for these share classes. Returns shown for Class I shares include the returns of the Predecessor Fund for periods prior to January 1, 2012. While no or only partial information is shown for Class R3, Class R4, Class R5 and Class R6 shares (because they are more recently organized), annual returns for Class R3, Class R4, Class R5 and Class R6 shares would have been substantially similar to those shown here. Class R3, Class R4, Class R5 and Class R6 shares are invested in the same portfolio of securities and the annual returns 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 more extended performance is shown. Comparative expense information is in the Fees and Expenses table.

Average Annual Returns - Multi Class Prospectus - First Eagle High Yield Fund
1 Year
5 Years
10 Years
Since Inception
Inception Date
Class A 3.72% 3.10%   4.34% Jan. 03, 2012
Class C 6.81% 3.31%   4.14% Jan. 03, 2012
Class I 8.93% 4.38% 6.25%    
Class R3 8.50%     3.97% May 01, 2018
Class R6 8.96%     4.02% Mar. 01, 2017
After Taxes on Distributions | Class I 6.85% 1.93% 3.17%    
After Taxes on Distributions and Sale of Fund Shares | Class I 5.25% 2.21% 3.51%    
Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes) | Class R3 14.32% 6.13% 7.57% 7.12% May 01, 2018
Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes) | Class R6 14.32% 6.13% 7.57% 5.58% Mar. 01, 2017
Bloomberg Barclays U.S. Corporate High Yield Index (reflects no deduction for fees, expenses or taxes) 14.32% 6.13% 7.57% 6.99% Jan. 03, 2012
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