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Launched

First Eagle US Equity ETF

USFENYSE ArcaFirst EagleC

$37.030.00 (0.00%)

As of Nov 2, 2026, 10:00 AM ET

C40/ 100

Rank 83 of 126 in US Active Equity

C40/100Rank 83 of 126inUS Active Equity
Intraday session: down, 1 prints from 37.03 to 37.03. Range 37.03 to 37.03. Use the arrow keys to read each point.37.0337.0337.0310 AM12 PM2 PM4 PM
Expense ratio
0.45%*
Fund size
$5M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
56
Avg volume · 30D
1.71K sh
52W range
low $32.62high $38.29
Launched

*After a fee waiver that ends Feb 1, 2027. Without it: 0.79%.

The ETF.net USFE Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
US Active Equity⁠
Rank
83 of 126
Six-pillar profile for USFE. Scores out of 100: Cost 71, Risk 49, Mission not scored, Tradability 33, Holdings 74, Durability 35. Strongest: Holdings (74). Weakest: Tradability (33). Based on 5 of 6 pillars.

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

Very small fund, grade capped at C.

The cap holds the Score at 40 or below, so B and A are out of reach.

The pillars earned
57
This cap took
−17
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A71 out of 100
    Rank 35 of 126

  • 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.
    C49 out of 100
    Rank 70 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D33 out of 100
    Rank 97 of 126

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A74 out of 100
    Rank 33 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 106 of 126

Our read on USFE

ETF.net Research

In short

CFirst Eagle built its name buying resilient businesses only at a discount to what they are worth. USFE puts that margin-of-safety discipline on US stocks, priced below most active rivals.

Stated mandate

The Fund seeks long-term growth of capital.

Why people hold it

  • Costs 0.45% a year, well under the 0.65% median for active US equity funds in its peer group. Cheap freight for a stockpicker.
  • Runs First Eagle's signature playbook: resilient companies with strong balance sheets and prudent management, bought only at a "margin of safety" to estimated intrinsic value.firsteagle.com
  • A fully active, transparent 1940 Act fund whose stated goal is long-term growth of capital, extending an ETF lineup the firm started in late 2024.firsteagle.com

Worth knowing

  • Launched in 2026, still small and thinly traded. Little live history to judge, and spreads can run wider than on a big index fund.
  • The 0.45% is net of a contractual expense cap; the stated management fee is 0.79%. Check the current prospectus for how long the waiver runs.sec.govsec.gov 2
  • Broad rivals like DFAU (0.12%) and AVLC (0.15%) cost a third as much. Here you pay for stockpicking and a value tilt that moves differently from the market.

USFE Performance

Launched Jan 27, 2026

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.Not enough history yet.Not enough history yet.
USFE$10,429
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. USFE $10,429. SPY $10,141. Use the arrow keys to read each point.$10,000$10,250$10,500$10,750Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 USFE. Periods over one year show the average yearly return.
PeriodUSFE
Year to dateFund launched this yearNo data
1 month+3.2%
3 months+4.3%
1 yearFund is under 1 year oldNo data
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 USFE
YearReturn barUSFE
2026 YTD+5.6%

History from Jan 28, 2026

USFE in the news

USFE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Jan 2026. No distributions yet.

USFE Risk

Risk pillarC49 out of 100Rank 70 of 126 in US Active Equity
How much the fund’s monthly returns vary, scaled to a year.
Launched Jan 2026; fills in after 12 months
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.
Launched Jan 2026; fills in after 12 months
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.
Launched Jan 2026; fills in after 12 months
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.
0.57
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.

USFE Cost

Compare USFE and TACU

Overpaying vs TACU, cheapest in US Active Equity

$9,041

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

  • USFE 0.45%

    $9,041

  • TACU 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • USFE 0.45%
  • TACU 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530USFE $9,041TACU $0

Year by year

YearUSFETACUOverpaying
10$812$0$812
20$3,128$0$3,128
30$9,041$0$9,041
How the 0.45% is worked out

Full fee 0.79%− waiver 0.34%= you pay 0.45%

The waiver ends Feb 1, 2027. After that the fee is 0.79% unless First Eagle renews it. Source: prospectus, Jan 2026.

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