FEGE vs HWGV: Grades, Fees and Holdings Compared

First Eagle Global Equity ETF

FEGEANYSE

Hotchkis & Wiley Global Value Fund

HWGV—Nasdaq

Overlap

10.8%by weight

Expense ratio

FEGE −0.20pt a year

FEGE0.50%HWGV0.70%

Avg volume · 30D

FEGE 147.8×the volume

FEGE345KHWGV2.34K

FEGE vs HWGV Performance

Sep 30, 2026 – Oct 30, 2026

+3.3%FEGE+6.3%HWGV

Expense ratio: FEGE 0.50%, better; HWGV 0.70%
Fund size: FEGE $2.72B; HWGV $3M
1Y total return: FEGE +18.7%; HWGV No data
Holdings: FEGE 99; HWGV 59
Avg volume (30D): FEGE 345K sh, better; HWGV 2.34K sh
NAV per share: FEGE $51.65; HWGV $25.45
52W range

ETF.net Grade

—HWGVNot yet graded

Pillar letters and Scores for FEGE, HWGV, with each pillar’s weight
Pillar	FEGE	HWGV
Cost30% weight	A82	Not scored
Mission25% weight	Not scored	Not scored
Risk15% weight	C54	Not scored
Tradability15% weight	A71	Not scored
Holdings10% weight	A83	Not scored
Durability5% weight	A75	Not scored

Rank among Global Active Value funds

How we build Categories ›

Global Active Value⁠

Category · 15 funds

See all 15 ›

FEGE ranks 2nd of 15 funds in the Global Active Value Category.

Rank 1AAVGVAvantis All Equity Markets Value ETF 9Score 77
Rank 2AFEGEFirst Eagle Global Equity ETFScore 74
Rank 3ASFGVSequoia Global Value ETFScore 73
HWGVNot yet graded

Our read on each fund

ETF.net Research

FEGEAFirst Eagle Global Equity ETF

HWGV—Hotchkis & Wiley Global Value Fund

In short

FEGE First 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.

HWGV No data

Stated mandate

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

HWGV No data

Why people hold it

FEGE 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.

HWGV No data

Worth knowing

FEGE 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.

HWGV No data

Full FEGE profile⁠

Full HWGV profile⁠

FEGE vs HWGV Holdings

How FEGE and HWGV differ

Overlap by weight

10.8%

Shared holdings make up 20.2% of HWGV and 11.5% of FEGE.

Level by level

Holdings9 in both10.8%
Countryby domicile74.9%
Sector11 Sectors75.9%
Asset classEquity100%

Sector

Sector weights in FEGE and HWGV, widest gap first
Sector	More in FEGEMore in HWGV	FEGE	HWGV
Consumer Staples	FEGE +9.3 points	15.4%	6.0%
Technology	HWGV +8.8 points	15.6%	24.4%
Health Care	HWGV +6.1 points	12.2%	18.3%
Materials	FEGE +5.0 points	10.3%	5.3%
Real Estate	FEGE +4.0 points	4.0%	0.0%
Communication	FEGE +4.0 points	10.3%	6.3%
Industrials	HWGV +3.6 points	5.9%	9.5%
Utilities	HWGV +3.2 points	0.0%	3.2%
Financials	HWGV +2.4 points	11.5%	13.8%
Consumer Discretionary	FEGE +1.0 points	6.2%	5.2%
Energy	FEGE +0.8 points	8.6%	7.8%

Country, concentration and asset class

Country by domicile

Country weights in FEGE and HWGV, widest gap first
Country	More in FEGEMore in HWGV	FEGE	HWGV
United States	HWGV +12.7 points	48.8%	61.5%
Canada	FEGE +6.4 points	7.9%	1.5%
Japan	FEGE +5.7 points	7.0%	1.3%
Netherlands	HWGV +3.6 points	3.0%	6.6%
South Korea	FEGE +3.6 points	3.6%	0.0%
Mexico	FEGE +2.9 points	2.9%	0.0%
Israel	HWGV +2.5 points	0.0%	2.5%
Germany	HWGV +1.7 points	2.1%	3.8%
Other countries (12)	FEGE +1.8 points	24.6%	22.8%

Outside the US: FEGE 81% developed, 19% emerging. HWGV 89% developed, 11% emerging.

Concentration

Weight in the 10 largest Holdings

FEGE22.1%
HWGV30.4%

Securities held

FEGE98
HWGV58

Asset class

FEGE: Equity
HWGV: Equity

Holdings

Only in FEGE89
In both9
Only in HWGV49

Only in FEGE

89 securities, 88.5% of FEGE by weight

Samsung Electronics Co Ltd3.29%
Becton Dickinson & Co2.76%
British American Tobacco PLC2.52%
Alphabet Inc2.37%
Meta Platforms Inc2.17%
Wheaton Precious Metals Corp1.80%
Dassault Systemes SE1.69%
Merck KGaA1.64%
SLB Ltd1.63%
Franco-Nevada Corp1.61%
HCA Healthcare Inc1.59%
Automatic Data Processing Inc1.59%
LVMH Moet Hennessy Louis Vuitton SE1.51%
Philip Morris International Inc1.50%
Shell PLC1.49%
Oracle Corp1.46%
Noble Corp PLC1.38%
Fomento Economico Mexicano SAB de CV1.38%
ONEOK Inc1.32%
Newmont Corp1.31%
Prosus NV1.30%
Imperial Oil Ltd1.29%
Willis Towers Watson PLC1.22%
Nestle SA1.22%
SMC Corp1.20%
MS&AD Insurance Group Holdings Inc1.18%
Unilever PLC1.18%
Reckitt Benckiser Group PLC1.18%
Cie Financiere Richemont SA1.18%
Bank of New York Mellon Corp/The1.15%
Weyerhaeuser Co1.12%
Bio-Rad Laboratories Inc1.08%
Schindler Holding AG1.02%
Wal-Mart de Mexico SAB de CV0.98%
Keyence Corp0.98%
ExxonMobil Holdings Corp0.98%
Booking Holdings Inc0.97%
International Flavors & Fragrances Inc0.97%
Diageo PLC0.94%
Extra Space Storage Inc0.92%
Relx PLC0.91%
Walt Disney Co/The0.90%
Power Corp of Canada0.90%
Brown & Brown Inc0.89%
Haleon PLC0.88%
Agnico Eagle Mines Ltd0.88%
Secom Co Ltd0.87%
Barrick Mining Corp0.87%
Vivmark Residential0.87%
AIA Group Ltd0.85%

Only in HWGV

49 securities, 79.8% of HWGV by weight

GE HealthCare Technologies Inc3.49%
American International Group Inc3.45%
Cigna Group/The2.70%
First American Government Obligations Fund 12/01/20312.63%
Fiserv Inc2.58%
Akzo Nobel NV2.56%
Shell PLC2.51%
Check Point Software Technologies Ltd2.40%
Heineken Holding NV2.32%
APA Corp2.31%
National Grid PLC2.24%
CDW Corp/DE2.24%
Telefonaktiebolaget LM Ericsson2.20%
CNH Industrial NV2.15%
Julius Baer Group Ltd2.15%
Wells Fargo & Co2.07%
Wpp PLC2.04%
Mondelez International Inc1.97%
Accor SA1.92%
Intuit Inc1.83%
AstraZeneca PLC1.72%
Ovintiv Inc1.71%
Sap SE1.61%
Siemens AG1.56%
TotalEnergies SE1.51%
Gsk PLC1.45%
General Motors Co1.45%
Magna International Inc1.40%
Nippon Sanso Holdings Corp1.28%
Qantas Airways Ltd1.22%
Humana Inc1.14%
Banca Monte dei Paschi di Siena SpA1.13%
BNP Paribas SA1.09%
Biogen Inc1.06%
U-Haul Holding Co1.04%
QUALCOMM Inc0.99%
Truist Financial Corp0.97%
Honeywell Aerospace Inc0.97%
Dominion Energy Inc0.94%
PACCAR Inc0.92%
Koninklijke Philips NV0.91%
Citigroup Inc0.89%
Kraft Heinz Co/The0.89%
Vodafone Group PLC0.83%
Cummins Inc0.77%
Unilever PLC0.72%
Airbus Group SE0.70%
F5 Inc0.69%
Bayerische Motoren Werke AG0.50%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in FEGE and HWGV, widest gap first
Holding	More in FEGEMore in HWGV	FEGE	HWGV
Workday IncWDAY	HWGV +3.21 points	1.82%	5.03%
US BancorpUSB	HWGV +1.31 points	0.58%	1.90%
Elevance Health IncELV	HWGV +1.23 points	1.83%	3.06%
Comcast CorpCMCSA	HWGV +1.03 points	0.85%	1.88%
Medtronic PLCMDT	HWGV +0.95 points	1.43%	2.38%
Omnicom Group IncOMC	HWGV +0.76 points	0.70%	1.46%
PPG Industries IncPPG	HWGV +0.45 points	0.93%	1.38%
Taiwan Semiconductor Manufacturing Co LtdTSM	HWGV +0.39 points	1.07%	1.46%
Salesforce IncCRM	FEGE +0.38 points	1.86%	1.48%

All 96 FEGE holdings⁠All HWGV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FEGE vs HWGV Cost

Overpaying HWGV vs FEGE

$3,627

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

FEGE 0.50%
$9,979
HWGV 0.70%
$13,606

Amount$10,000

Years30 years

Cost over time

FEGE 0.50%
HWGV 0.70%
Overpaying

Year by year

Year	FEGE	HWGV	Overpaying
10	$900	$1,250	$350
20	$3,460	$4,760	$1,300
30	$9,979	$13,606	$3,627

Expense ratio

0.50%FEGE, cheaper
0.70%HWGV

FEGE0.50%HWGV0.70%

0.26%1.70%

Middle half of Global Active Value funds
Median 0.68%

FEGE 4th cheapest of 15 funds

HWGV 9th cheapest of 15 funds

FEGE vs HWGV Dividends

Last 12 months to Oct 30, 2026

Payout (12M): FEGE No data; HWGV None
Last payment: FEGE $0.59; HWGV No data
Ex-dividend: FEGE Dec 30, 2025; HWGV No data
Paid on: FEGE Dec 31, 2025; HWGV No data
Frequency: FEGE Irregular; HWGV No data

Distribution history

Per share, 2025 to 2026, same scale for both

FEGEIrregular · 1 paymentAll FEGE payments⁠

HWGVAll HWGV payments⁠

No distribution history available.

FEGE vs HWGV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FEGE 12.7%since Jan 2025HWGV No data
Return per unit of riskSharpe ratio, 3 years: FEGE 1.54since Jan 2025HWGV No data
Worst fallMax drawdown, 5 years: FEGE −11.1%since Dec 2024HWGV No data
Market sensitivityBeta, 5 years: FEGE 0.55HWGV 0.85; Market = 1

FEGE and HWGV in the news

All news⁠

New ETFs
Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund
Oct 5, 2026HWGV

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FEGE vs HWGV

In short

Stated mandate

Why people hold it

Worth knowing

How FEGE and HWGV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FEGE

Only in HWGV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Hotchkis & Wiley added an ETF class to its 1997 mid-cap value fund

How FEGE and HWGV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FEGE

Only in HWGV

Weight gaps