Fund Evaluator:
First Eagle Global I (SGIIX)
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Best Performing in Global Moderately Aggressive Allocation Over the Last Year
| 20.4% | TOPS® Moderately Aggressive ETF 2 () |
| 20.2% | Victory Cornerstone Aggressive (UCAGX) |
| 19.6% | Fidelity Advisor Asset Manager 70% Z (FIQBX) |
| 19.5% | Fidelity Asset Manager 70% (FASGX) |
| 19.3% | Fidelity Multi-Asset Index (FFNOX) |
Fund Details
First Eagle Global I Overview
First Eagle Global I (SGIIX) is an actively managed Allocation Global Moderately Aggressive Allocation fund. First Eagle launched the fund in 1998.
The investment seeks long-term growth of capital. The fund normally invests its assets 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. It may also invest in debt 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.
About First Eagle Global I (SGIIX)
There are 3 members of the management team with an average tenure of 9.55 years: Manish Gupta (2021), Julien Albertini (2021), Matthew McLennan (2008). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI World NR USD index with a weighting of 100%. First Eagle Global I has 257 securities in its portfolio. The top 10 holdings constitute 24.0% 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 I is part of the Allocation global asset class and is within the Allocation fund group. First Eagle Global I has 45.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 40.0%. There is 45.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.1% (0.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). First Eagle Global I has 5.3% of the portfolio in cash.
Assets Under Management
The fund has $53 billion in total assets, which is above the $1 billion average for the Global Moderately 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.
SGIIX 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 I expense ratio is high compared to funds in the Global Moderately Aggressive Allocation category. First Eagle Global I has an expense ratio of 0.86%, which is 14% lower than its category average, making the fund expense ratio grade a C. 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 I has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 32% for the Global Moderately Aggressive Allocation category.
Recently, in the month of August 2026, First Eagle Global I returned 4.1%, which earned it a grade of A, as the Global Moderately Aggressive Allocation category had an average return of 1.6%. 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 I has a trailing yield of 3.19%, which is above the 1.95% 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 I Grades
Year to date, the fund has returned 12.7%, 1.1 percentage points better than the category, which translates into a grade of A. The fund has returned 24.4% over the past year (grade of A), 19.9% over the past three years (grade of A) and 12.2% per year over the past five years (grade of A) and 10.5% per year over the past 10 years (grade of A).
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SGIIX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SGIIX Return (NAV) | 4.1% | 4.5% | 24.4% | 19.9% | 12.2% | 10.5% |
| SGIIX Grade | A | A | A | A | A | A |
| +/- Category | 2.5% | 2.6% | 7.2% | 4.3% | 4.5% | 1.5% |
| Global Moderately Aggressive Allocation Avg | 1.6% | 1.9% | 17.2% | 15.6% | 7.8% | 9.1% |
| SGIIX Tax Cost Ratio | na | na | 2.5% | 1.7% | 1.6% | 1.4% |
SGIIX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SGIIX Return (NAV) | 12.7% | 31.9% | 12.0% | 13.1% | -6.3% | 12.5% | 8.6% | 20.5% | -8.3% | 13.8% | 10.9% |
| SGIIX Grade | A | A | B | D | A | F | D | D | D | F | A |
| +/- Category | 1.1% | 14.1% | 0.8% | -1.1% | 8.0% | -2.9% | -2.2% | -0.4% | -0.3% | -2.9% | 3.3% |
| Global Moderately Aggressive Allocation Avg | 11.6% | 17.8% | 11.2% | 14.2% | -14.3% | 15.4% | 10.8% | 20.9% | -7.9% | 16.7% | 7.6% |
| Risk Measures | |
| Standard Deviation: | 10.9% |
| Total Risk Index: | 0.90 - Average |
| Category Risk Index: | 1.05 - High |
| Category Risk Grade: | F (95% Rank) |
| Beta: | 0.97 |
| R-Squared: | 66% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 3.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $78874 Mil |
| Fund Total Assets: | $53,526 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 16% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 18.0 years | |||
| Average Tenure: 9.6 years | |||
| Managers (Year): McLennan Matthew (2008), Gupta Manish (2021), Albertini Julien (2021) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 257 |
| % in Top 10 Holdings: | 24.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 45.6% |
Portfolio Allocation |
|
| Domestic Stock: | 40.0% |
| Foreign Stock: | 45.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.1% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 8.9% |
| Cash: | 5.3% |
Purchase Information
| Fund Family: | First Eagle |
| Phone Number: | 800-334-2143 |
| Website: | www.firsteaglefunds.com |
| Status: | Open |
| Inception Date: | July 31, 1998 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $1,000,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.86% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.00% |
| Share Class: | First Eagle Global A |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
