FEMAX Performance — First Eagle U.S. Smid Cap Opportunity Fund, Class A
Data updated: 2026-09-28
FEMAX returned −13.75% year to date and −28.27% over one year to Jul 2026. Over one year the fund trailed its US Mid-Cap Value category average: $100 grew to $72, against $120 for the category. Volatility over the past 12 months was 19.07% a year. In the 12 months to Jul 2026 the fund took in a net $47.4M, and assets reached $106.78M.
FEMAX Growth of $100
What $100 invested in First Eagle U.S. Smid Cap Opportunity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | FEMAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $72 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $24 | $145 |
| Since data start (Aug 2022 – Jul 2026) | $14 | $158 |
FEMAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −13.75% |
| 1 year | −28.27% |
3- and 5-year figures withheld: returns differ from sibling classes.
FEMAX Annual Returns
Calendar-year total returns of First Eagle U.S. Smid Cap Opportunity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −13.75% |
| 2025 | −40.05% |
| 2024 | −39.68% |
| 2023 | −36.70% |
| 2022 (Aug–Dec) | −31.56% |
FEMAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +1.7% | −11.6% | +7.7% | −2.5% | +2.6% | −11.4% | — | — | — | — | — |
| 2025 | −1.7% | −11.1% | −10.5% | −7.1% | +1.7% | +0.5% | −3.0% | −2.6% | −3.3% | −5.3% | −1.9% | −4.9% |
| 2024 | −7.1% | +0.4% | −0.2% | −10.8% | +0.1% | −6.5% | −0.1% | −3.3% | −3.8% | −6.2% | +2.2% | −12.8% |
| 2023 | +6.3% | −8.3% | −9.4% | −5.0% | −7.2% | +6.6% | −2.0% | −8.4% | −11.0% | −11.2% | +3.9% | +3.4% |
| 2022 | — | — | — | — | — | — | — | −12.4% | −15.8% | +4.2% | +0.4% | −11.3% |
FEMAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 19.07%
- Best month: +7.71% (Apr 2026)
- Worst month: −11.60% (Mar 2026)
FEMAX Fund Flows
Monthly money in and out of First Eagle U.S. Smid Cap Opportunity Fund, from SEC Form N-PORT.
- 12-month net flow: $47.4M
- 12-month gross sales (incl. reinvestments): $58.1M
- Sales ÷ redemptions: 5.42×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $21.8M | $1.7M | $20.1M |
| Jun 2026 | $14.9M | $1.0M | $13.9M |
| May 2026 | $2.2M | $492K | $1.7M |
| Apr 2026 | $4.6M | $580K | $4.1M |
| Mar 2026 | $5.0M | $3.4M | $1.6M |
| Feb 2026 | $3.0M | $499K | $2.5M |
| Jan 2026 | $1.4M | $1.6M | −$137K |
| Dec 2025 | $970K | $201K | $770K |
| Nov 2025 | $1.4M | $669K | $744K |
| Oct 2025 | $900K | $197K | $703K |
| Sep 2025 | $355K | $191K | $164K |
| Aug 2025 | $1.5M | $182K | $1.3M |
FEMAX Assets Under Management
Net assets of First Eagle U.S. Smid Cap Opportunity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $106.78M |
| 2026-04-30 | $69.12M |
| 2026-01-31 | $53.49M |
| 2025-10-31 | $47.66M |
| 2025-07-31 | $43.73M |
| 2025-04-30 | $49.88M |
| 2025-01-31 | $56.33M |
| 2024-10-31 | $49.94M |
| 2024-07-31 | $47.27M |
| 2024-04-30 | $35.53M |
| 2024-01-31 | $32.39M |
| 2023-10-31 | $27.75M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.