Fund Evaluator:

First Eagle Rising Dividend Fund R6 Overview

First Eagle Rising Dividend Fund R6 (FEFRX) is an actively managed U.S. Equity Large Value fund. First Eagle launched the fund in 2017.

The investment seeks capital appreciation and current income. Under normal circumstances the fund will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts). Normally, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) are invested in dividend paying equity securities where the dividends are expected to increase over time. It is non-diversified.

About First Eagle Rising Dividend Fund R6 (FEFRX)

There are 3 members of the management team with an average tenure of 5.96 years: Manish Gupta (2020), Julien Albertini (2020), Christian Heck (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) index with a weighting of 100%. First Eagle Rising Dividend Fund R6 has 39 securities in its portfolio. The top 10 holdings constitute 48.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

First Eagle Rising Dividend Fund R6 is part of the Equity global asset class and is within the U.S. Equity fund group. First Eagle Rising Dividend Fund R6 has 26.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 72.4%. There is 26.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). First Eagle Rising Dividend Fund R6 has 0.7% of the portfolio in cash.

Assets Under Management

The fund has $15 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

FEFRX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The First Eagle Rising Dividend Fund R6 expense ratio is above average compared to funds in the Large Value category. First Eagle Rising Dividend Fund R6 has an expense ratio of 0.65%, which is 30% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. First Eagle Rising Dividend Fund R6 has a portfolio turnover rate of 12%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, First Eagle Rising Dividend Fund R6 returned 3.3%, which earned it a grade of C, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

First Eagle Rising Dividend Fund R6 has a trailing yield of 1.06%, which is below the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

First Eagle Rising Dividend Fund R6 Grades

Year to date, the fund has returned 10.0%, 4.3 percentage points worse than the category, which translates into a grade of D. The fund has returned 23.6% over the past year (grade of C), 16.5% over the past three years (grade of B) and 9.9% per year over the past five years (grade of D) and 9.2% per year over the past 10 years (grade of F).

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