Seeks capital appreciation by investing primarily in U.S. stocks and, to a lesser extent, in debt and international equity securities. The Fund of America investment philosophy emphasizes disciplined, bottom-up, fundamental analysis that focuses on identifying corporations in the process of corporate change.
Includes detailed analysis of First Eagle Fund Of America's positions in CC, WDC, WYND, HPQ, BLL, BB, UNVR, AJRD, VC, MLM, EQT, CPLG.
Fund of America Class A shares (without sales charge) declined -0.67% in Q3, underperforming the S&P 500 Index, which returned 7.71%. For both the quarter and the year-to-date period, our performance was very disappointing. We attributed this to 3 primary factors.