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Launched

First Eagle Global Equity ETF

FEGENYSEFirst EagleA

$51.78−0.25 (−0.48%)

At close: Nov 3, 2026, 4:00 PM ET

A74/ 100

Rank 2 of 15 in Global Active Value

A74/100Rank 2 of 15inGlobal Active Value
Intraday session: down, 78 prints from 52.03 to 51.78. Range 51.69 to 51.99. Use the arrow keys to read each point.51.7051.9010 AM12 PM2 PM4 PM
Expense ratio
0.50%*
Fund size
$2.74B
1Y total return
+19.2%
Yield · Last 12 months
No data
Holdings
99
Avg volume · 30D
345K sh
52W range
low $43.55high $53.53
Launched

*After a fee waiver that ends Dec 31, 2026. Without it: 0.79%.

The ETF.net FEGE Grade

Based on 5 of 6 pillars

A

Score 74 out of 100

Category
Global Active Value⁠
Rank
2 of 15
Six-pillar profile for FEGE. Scores out of 100: Cost 82, Risk 54, Mission not scored, Tradability 71, Holdings 83, Durability 75. Strongest: Holdings (83). Weakest: Risk (54). Based on 5 of 6 pillars.

Score 74 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A82 out of 100
    Rank 3 of 15

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C54 out of 100
    Rank 7 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A71 out of 100
    Rank 2 of 15

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A83 out of 100
    Rank 1 of 15

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A75 out of 100
    Rank 3 of 15

Our read on FEGE

ETF.net Research

In short

AFirst Eagle's global value discipline in an ETF wrapper since December 2024, with the "global" written into the rules: at least 40% of assets outside the US, spread across three or more non-US countries.

Stated mandate

The Fund seeks long-term growth of capital by investing primarily in equities of U.S. and non-U.S. issuers.

Why people hold it

  • Charges 0.50% a year, below the 0.63% median for its active global value peer group. Modest for a fund run by analysts rather than a screen.
  • Global isn't left to a manager's mood. The prospectus requires at least 80% in equities, at least 40% of assets outside the US, and issuers from three or more non-US countries.sec.gov
  • Active, not index-hugging: MSCI World is the yardstick, not the shopping list, so the book can look very different from the benchmark's mega-cap core.firsteagle.com
  • Already a multi-billion-dollar fund and one of the stronger implementations in a thin field of active global value ETFs.

Worth knowing

  • Launched in December 2024, so the ETF's own live record is short and risk readings rest on limited history.
  • A value portfolio with a required non-US minimum can move very differently from a US-heavy world index, and currency swings ride along.sec.gov
  • Systematic value costs less: peer AVGV charges 0.28%. The extra fee here buys human judgment on which cheap stocks are worth owning.

FEGE Performance

Launched Dec 19, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
FEGE$11,915
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. FEGE $11,915. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FEGE. Periods over one year show the average yearly return.
PeriodFEGE
Year to date+13.0%
1 month+3.7%
3 months+2.3%
1 year+19.2%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FEGE
YearReturn barFEGE
2026 YTD+13.0%
2025+34.2%
2024−1.1%

History from Dec 20, 2024

FEGE in the news

FEGE Dividends

Last payment
$0.59 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 30, 2025 $0.59. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Dec 31, 2025$0.59

$10,000 in FEGE 1 year ago paid $134 in dividends.

FEGE Risk

Risk pillarC54 out of 100Rank 7 of 14 in Global Active Value
How much the fund’s monthly returns vary, scaled to a year.
12.7%
Annualised · 22 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.54
vs 3-month T-bills · 22 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.1%
22 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.55
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FEGE Cost

Compare FEGE and AVGV

Overpaying vs AVGV, cheapest in Global Active Value

$4,621

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FEGE 0.50%

    $9,979

  • AVGV 0.26% Cheapest

    $5,358

$10,000
30 years

Cost over time

  • FEGE 0.50%
  • AVGV 0.26%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530FEGE $9,979AVGV $5,358

Year by year

YearFEGEAVGVOverpaying
10$900$473$427
20$3,460$1,838$1,622
30$9,979$5,358$4,621
How the 0.50% is worked out

Full fee 0.79%− waiver 0.29%= you pay 0.50%

The waiver ends Dec 31, 2026. After that the fee is 0.79% unless First Eagle renews it. Source: prospectus, Jan 2026.

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