FEOE: Strong Early Returns For International Value
The First Eagle Overseas Equity ETF (FEOE) employs a value investing strategy focused on developed markets and has delivered strong early performance, outperforming the MSCI EAFE benchmark by nearly 9% over the past 12 months. It ranks in the top quartile among foreign large-cap blend funds, reflecting its active, fundamentals-based management approach. However, its short track record, active management style, and an upcoming expiration of a fee waiver—currently lowering expenses from 0.79% to 0.50%—are factors investors should consider.
- ▪The First Eagle Overseas Equity ETF (FEOE) follows a value investing strategy in developed international markets.
- ▪FEOE outperformed the MSCI EAFE benchmark by nearly 9% over a 12-month period.
- ▪The fund ranks in the top quartile among 680 foreign large-cap blend peers.
- ▪FEOE currently has an expense ratio of 0.50%, supported by a fee waiver that will eventually expire, with the actual fee at 0.79%.
- ▪The fund has a relatively short performance history, which may limit long-term performance assessment.
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