FEUTX — First Eagle Gold Fund
Data updated: 2026-09-28
FEUTX — First Eagle Gold Fund. Commodity · $4.58B AUM · 1.12% expense ratio. Holdings, fees, performance and SEC filings.
FEUTX Fund Overview
FEUTX — First Eagle Gold Fund is a US mutual fund managed by First Eagle Funds, categorised as Commodity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: First Eagle Funds
- Category: Commodity
- Assets under management: $4.58B
- Ticker: FEUTX
- SEC CIK: 0000906352
- SEC series ID: S000011214
- Share class ID: C000182927
FEUTX Investment Objective and Strategy
First Eagle Gold Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by First Eagle Funds.
Investment objective
First Eagle Gold Fund (Gold Fund or the Fund) seeks to provide investors the opportunity to participate in the investment characteristics of gold (and to a limited extent other precious metals) for a portion of their overall investment portfolio.
Principal investment strategy
To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the Gold Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities (which may include both equity (e.g., common stocks) and, to a limited extent, debt instruments (e.g., notes and bonds)) directly related to gold or issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long-, medium-or short-life mines. Up to 20% of the Funds assets may be invested in equity and, to a limited extent, debt instruments unrelated to gold or the gold industry. The Fund anticipates it will allocate a substantial amount of its assets to foreign investments (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts).
The Fund may invest up to 20% of its total assets in debt securities. 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. The Fund may also invest in fixed income instruments (without regard to credit rating or time to maturity), short-term debt instruments, other precious metals, and futures contracts related to precious metals. The Fund counts relevant derivative positions towards its 80% of assets allocation and, in doing so, values each position at the price at which it is held on the Funds books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value).
An investment in the Gold Fund is not intended to be a complete investment program. However, many investors believe that, historically, a limited exposure to investments in gold or gold-related instruments may provide some offset against the market impact of political and economic disruptions, as well as relieve inflationary or deflationary pressures. The Gold Fund is a non-diversified fund. It generally invests a greater portion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund. The Fund makes some investments through a special purpose trading subsidiary (the Subsidiary) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company.
Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts). The Fund will invest in the Subsidiary in order to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies. Unlike the Fund, the Subsidiary may invest without limitation in commodities and related instruments, however, the Subsidiary will comply with the same 1940 Act asset coverage requirements with respect to any investments in commodity-linked derivatives that are applicable to the Funds transactions in derivatives. In addition, to the extent applicable to the investment activities of the Subsidiary, the Subsidiary will be subject to the same fundamental investment restrictions and will follow the same compliance policies and procedures as the Fund.
Compliance with the Funds investment restrictions generally will be measured on an aggregate basis in respect of the Funds and the Subsidiarys portfolios. The Subsidiary will comply with the 1940 Act provisions governing affiliate transactions and custody of assets. The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors. For more information about the Gold Funds principal investment strategies, please see the More Information about the Funds Investments section.
FEUTX Holdings
Top 10 holdings of First Eagle Gold Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Gold bullion | 22.46% |
| Wheaton Precious Metals Corp. | 10.71% |
| Newmont Corp. | 7.87% |
| DPM Metals, Inc. | 5.98% |
| G Mining Ventures Corp. | 4.98% |
| Franco-Nevada Corp. | 4.83% |
| Agnico Eagle Mines Ltd. | 4.79% |
| Anglogold Ashanti plc | 4.53% |
| Barrick Mining Corp. | 4.03% |
| Alamos Gold, Inc. | 3.38% |
FEUTX Portfolio Allocation
Asset-class allocation of First Eagle Gold Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 69.9% |
| Other | 25.0% |
| Cash & Equivalents | 5.0% |
FEUTX Performance
Total returns for FEUTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -36.9% |
| 1 year | -22.7% |
| 3 years (annualised) | -28.7% |
| 5 years (annualised) | -36.3% |
FEUTX Risk Information
Risk metrics for FEUTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 40.8%
FEUTX Costs and Fees
FEUTX costs about $112 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.12%
- Gross expense ratio: 1.12%
- Portfolio turnover: 15%
- Brokerage commissions: 2.72 bps of average net assets (SEC N-CEN)
FEUTX Cashflows
Over the 12 months to 2026-07, First Eagle Gold Fund had net outflows of $623.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $16.67M |
| 2026-06 | −$53.93M |
| 2026-05 | $2.31M |
| 2026-04 | −$37.17M |
| 2026-03 | −$76.56M |
| 2026-02 | −$109.72M |
FEUTX Debt Constituents
No individual debt constituents are reported in First Eagle Gold Fund's latest SEC N-PORT filing.
FEUTX Prospectus and SEC Filings
Official First Eagle Gold Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus (485BPOS) — filed 2024-02-26
- Prospectus supplement (497) — filed 2026-05-21
- Portfolio holdings (N-PORT) — filed 2026-09-28
- Portfolio holdings (N-PORT) — filed 2026-06-25
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-14
Related Funds
Other Commodity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.