FESAX Performance — First Eagle Small Cap Opportunity Fund, Class A
Data updated: 2026-09-28
FESAX returned −12.37% year to date and −23.29% over one year to Jul 2026. Over one year the fund trailed its US Small Blend category average: $100 grew to $77, against $129 for the category. Volatility over the past 12 months was 19.04% a year. In the 12 months to Jul 2026 the fund took in a net $613.9M, and assets reached $2.90B.
FESAX Growth of $100
What $100 invested in First Eagle Small Cap Opportunity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | FESAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $77 | $129 |
| 3 years (Aug 2023 – Jul 2026) | $23 | $146 |
| 5 years (Aug 2021 – Jul 2026) | $7 | $141 |
| Since data start (May 2021 – Jul 2026) | $7 | $140 |
FESAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −12.37% |
| 1 year | −23.29% |
3- and 5-year figures withheld: returns differ from sibling classes.
FESAX Annual Returns
Calendar-year total returns of First Eagle Small Cap Opportunity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −12.37% |
| 2025 | −38.86% |
| 2024 | −42.62% |
| 2023 | −37.11% |
| 2022 | −53.64% |
| 2021 (May–Dec) | −24.47% |
FESAX 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 | +2.1% | −0.1% | −10.9% | +7.8% | −2.8% | +2.7% | −10.4% | — | — | — | — | — |
| 2025 | −1.5% | −11.1% | −11.5% | −9.3% | +2.1% | +0.7% | −3.5% | +3.0% | −2.5% | −4.6% | −4.6% | −4.1% |
| 2024 | −8.1% | −2.1% | +0.1% | −10.8% | +0.6% | −6.6% | +2.8% | −7.5% | −5.2% | −7.7% | +4.9% | −12.9% |
| 2023 | +6.8% | −5.8% | −9.5% | −7.7% | −6.9% | +6.4% | −1.1% | −10.2% | −11.2% | −12.0% | +3.2% | +5.5% |
| 2022 | −10.1% | −1.2% | −4.2% | −13.0% | −3.4% | −16.5% | +5.9% | −8.4% | −16.5% | +6.1% | −0.3% | −9.4% |
| 2021 | — | — | — | — | 0.0% | 0.0% | −8.1% | −0.3% | −7.9% | −2.2% | −7.9% | −0.7% |
FESAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 19.04%
- Best month: +7.82% (Apr 2026)
- Worst month: −10.90% (Mar 2026)
FESAX Fund Flows
Monthly money in and out of First Eagle Small Cap Opportunity Fund, from SEC Form N-PORT.
- 12-month net flow: $613.9M
- 12-month gross sales (incl. reinvestments): $1.1B
- Sales ÷ redemptions: 2.18×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $67.9M | $47.7M | $20.2M |
| Jun 2026 | $88.9M | $45.9M | $43.1M |
| May 2026 | $531.2M | $40.1M | $491.1M |
| Apr 2026 | $81.7M | $57.1M | $24.6M |
| Mar 2026 | $60.0M | $60.8M | −$806K |
| Feb 2026 | $68.2M | $32.0M | $36.2M |
| Jan 2026 | $54.3M | $41.7M | $12.6M |
| Dec 2025 | $53.0M | $33.8M | $19.2M |
| Nov 2025 | $31.8M | $26.3M | $5.6M |
| Oct 2025 | $32.6M | $40.5M | −$7.9M |
| Sep 2025 | $39.2M | $51.4M | −$12.2M |
| Aug 2025 | $25.6M | $43.3M | −$17.7M |
FESAX Assets Under Management
Net assets of First Eagle Small Cap Opportunity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.90B |
| 2026-04-30 | $2.23B |
| 2026-01-31 | $1.93B |
| 2025-10-31 | $1.75B |
| 2025-07-31 | $1.61B |
| 2025-04-30 | $1.47B |
| 2025-01-31 | $1.89B |
| 2024-10-31 | $1.87B |
| 2024-07-31 | $2.06B |
| 2024-04-30 | $1.79B |
| 2024-01-31 | $1.68B |
| 2023-10-31 | $1.30B |
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.