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Launched

First Eagle US Equity ETF

USFENYSE ArcaC

$36.97+0.30 (+0.81%)

As of Oct 13, 2026, 3:12 PM

C40/ 100

Rank 82 of 127 in US Active Equity

C40/100Rank 82 of 127inUS Active Equity
Intraday session: up, 5 prints from 36.67 to 36.97. Range 36.67 to 36.97. Use the arrow keys to read each point.36.7536.8036.8536.9010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$4M
1Y total return
—
Yield · Last 12 months
—
Holdings
54
Avg volume · 30D
0M sh
NAV per share
$36.37
52W range
low $32.62high $38.29
Launched

The ETF.net USFE Grade

Based on 5 of 6 pillars

C

Score 40 out of 100

Category
US Active Equity⁠
Rank
82 of 127
Six-pillar profile for USFE. Scores out of 100: Cost 34, Risk 42, Mission not scored, Tradability 44, Holdings 71, Durability 35. Strongest: Holdings (71). Weakest: Cost (34). 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
43
This cap took
−3
Published Score
40 Grade C

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D34 out of 100
    Rank 83 of 127

  • 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.
    C42 out of 100
    Rank 88 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C44 out of 100
    Rank 70 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 37 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 107 of 127

Our read on USFE

ETF.net Research

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

  1. 01Costs 0.45% a year, well under the 0.65% median for active US equity funds in its peer group. Cheap freight for a stockpicker.
  2. 02Runs 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
  3. 03A 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

  1. 01Launched in 2026, still small and thinly traded. Little live history to judge, and spreads can run wider than on a big index fund.
  2. 02The 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
  3. 03Broad 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 Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
54
Top-10 weight
38%
Largest holding
BDXA4.9%

Geography

  • United States90.23%
  • Canada5.48%
  • Ireland2.37%
  • United Kingdom1.93%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BDXABecton Dickinson & Co Common Stock USD 14.91%1,068$196K120
002METAMeta Platforms Inc Common Stock USD 0.0000064.82%268$193K704
003OKEOneok Inc Common Stock USD 0.014.81%2,139$192K326
004GOOGAlphabet Inc-Cl C - Common Stock USD 0.0014.76%547$190K478
005ANTMElevance Health Inc Common Stock USD 0.013.75%363$150K130
006HCAHca Healthcare Inc Common Stock USD 0.013.64%322$145K299
007CRMSalesforce.com Inc.3.16%551$126K462
008BNYBank of New York Mellon Corp/The Common Stock USD2.87%804$115K382
009WDAYWorkday Inc Common Stock USD 0.0012.83%605$113K394
010NEMNewmont Corp Common Stock USD 1.62.81%953$112K434
011ORCLOracle Corp Common Stock USD 0.012.80%792$112K447
012PMPhilip Morris International Inc Common Stock USD 02.75%546$110K415
013—JPMorgan Us Govt Mm2.38%94,959$95K4
014ADPAutomatic Data Processing Inc Common Stock USD 0.12.34%345$93K435
015CLColgate-Palmolive Company Common Stock USD 12.32%1,049$93K373

Showing 1–15 of 54 holdings

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$10,571
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. USFE $10,571. SPY $10,332. Use the arrow keys to read each point.$9,552$10,350$11,148Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 year—
1 month−2.2%
3 months+5.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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+4.7%

History from Jan 28, 2026

USFE in the news

Filtered to USFE · US Active Equity

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 12, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed Jan 2026. No distributions yet.

USFE Risk

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.

USFE Cost

Expense ratio0.79%
  • The middle half of US Active Equity funds
  • Median 0.70%

80 of the 123 US Active Equity funds charge less.

USFE costs $79.00 a year on $10,000. The median US Active Equity fund costs $70.00.

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