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Description
First Eagle Gold Fund Class R6 is an actively managed mutual fund focused on providing investors with exposure to gold and, to a limited extent, other precious metals. This non-diversified fund allocates at least 80% of its assets to gold bullion, gold-related securities, and shares of companies principally engaged in the gold industry, such as mining and precious metals firms. The portfolio is constructed to reflect both direct and indirect participation in the global gold market, with top holdings typically including major gold producers and royalty companies alongside physical bullion and silver components.
Targeted primarily at retirement and institutional investors, the fund stands out within the equity precious metals category for its cost efficiency, offering a competitive expense ratio relative to peers. First Eagle Gold Fund Class R6 is frequently benchmarked against indices like the MSCI World Index and FTSE Gold Mines Index, reflecting its global investment mandate. The fund combines growth and value strategies across various market capitalizations, with a significant portion of assets invested in foreign issuers. Its role in the financial market is to serve as a specialized tool for diversifying portfolios with exposure to the investment dynamics of gold, often used to hedge against inflation and currency risk or for those seeking participation in commodity-linked equity performance.
About
Instrument type
Mutual fund
Country
United States
MIC code
XNAS