Following a period of considerable volatility in the second quarter, global stock markets demonstrated remarkable resilience, ascending steadily throughout the third quarter of 2025. This resurgence provided a positive backdrop for investment portfolios worldwide.
The First Eagle Overseas Fund (A Shares, without sales charge) delivered a notable performance during this period, achieving a robust return of 9.20%. This outcome reflects the fund's strategic positioning and effective management in an evolving global economic landscape.
Several significant holdings played a pivotal role in the fund's strong third-quarter results. Gold bullion continued to act as a valuable asset, while major international corporations such as Alibaba Group, Prosus N.V. Class N, Imperial Oil, and Taiwan Semiconductor Manufacturing also made substantial positive contributions to the fund's overall performance.