Seeking Alpha

First Eagle Global Value Team Annual Letter 2018

Fund Letters
Fund holdings

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.

We have an all season investment approach that sees a purpose in all phases of the market cycle: Down markets are a time for planting seeds by buying shares, and up markets are a time for harvest.

In 2018, we enlarged our position in gold and gold-related securities.