First Eagle U.S. SMID Cap Opportunity Fund Class I (FESMX)

Overview

The fund is focused on investing in the equity securities of small- and mid-cap companies in the United States, targeting those which are believed to be undervalued. This investment strategy seeks to capitalize on opportunistic situations created by market undervaluations. To achieve its investment goals, the fund normally allocates at least 80% of its net assets, along with any borrowings for investment purposes, into a diversified portfolio of equity securities. These include common stocks, warrants, rights, and preferred stocks of U.S. companies that fall into the small- and mid-cap categories. The fund's management team actively searches for companies that, in their view, offer the potential for significant returns to its investors.

Products and Services

• Equity Securities of U.S. Smid Cap Companies

  This core investment focuses on acquiring equity securities such as common stocks, warrants, rights, and preferred stocks. The target companies are those considered to have a market capitalization that places them within the small- to mid-cap (smid cap) range. The selection process is heavily influenced by the fund's advisory team's assessment of the companies' valuation, aiming to identify those securities that are undervalued by the market and thus present a potentially lucrative investment opportunity.