Fund Evaluator:

First Eagle Global Real Assets R6 Overview

First Eagle Global Real Assets R6 (FERRX) is an actively managed Allocation Global Aggressive Allocation fund. First Eagle launched the fund in 2021.

The investment seeks long-term growth of capital. The fund will normally invest at least 80% of its net assets (plus any borrowing for investment purposes) in a variety of assets believed by the adviser to represent interests in “real assets” or “real asset” industries. “Real assets,” in which the fund will invest, include physical assets and assets that are otherwise recognized as stores of value, such as gold bullion or other precious metals, certain commodities and inflation-linked fixed income securities.

About First Eagle Global Real Assets R6 (FERRX)

There are 4 members of the management team with an average tenure of 4.75 years: George Ross (2021), Benjamin Bahr (2021), David Wang (2021), John Masi (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and CPI for Urban Consumers TR USD index with a weighting of 100%. First Eagle Global Real Assets R6 has 81 securities in its portfolio. The top 10 holdings constitute 26.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

First Eagle Global Real Assets R6 is part of the Allocation global asset class and is within the Allocation fund group. First Eagle Global Real Assets R6 has 61.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.7%. There is 61.9% 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 Global Real Assets R6 has 1.3% of the portfolio in cash.

Assets Under Management

The fund has $1 million in total assets, which is below the $330 million average for the Global Aggressive Allocation 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.

FERRX 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 Global Real Assets R6 expense ratio is high compared to funds in the Global Aggressive Allocation category. First Eagle Global Real Assets R6 has an expense ratio of 0.85%, which is 17% 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 Global Real Assets R6 has a portfolio turnover rate of 38%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 30% for the Global Aggressive Allocation category.

Recently, in the month of August 2026, First Eagle Global Real Assets R6 returned 5.7%, which earned it a grade of A, as the Global Aggressive Allocation category had an average return of 2.3%. 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 Global Real Assets R6 has a trailing yield of 2.32%, which is above the 1.34% 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 Global Real Assets R6 Grades

Year to date, the fund has returned 21.4%, 8.4 percentage points better than the category, which translates into a grade of A. The fund has returned 30.8% over the past year (grade of A) and 17.6% over the past three years (grade of C).

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