This document provides a comprehensive overview of the First Eagle Small Cap Opportunity Fund's investment activities and performance for the third quarter of 2025, detailing returns, significant portfolio contributors, and detractors.
Navigating Small-Cap Markets: A Quarterly Insight into Investment Dynamics
Third Quarter 2025 Fund Performance Highlights
During the third quarter of 2025, the First Eagle Small Cap Opportunity Fund's A Shares, excluding sales charges, recorded a notable return of 13.00%. This performance reflects the fund's engagement with dynamic small-capitalization markets.
Key Investments and Their Quarterly Impact
Several holdings significantly influenced the fund's results over the quarter. Investments such as FTAI Infrastructure Inc., Portillo's, Inc. Class A, Tronox Holdings Plc, Intrepid Potash, Inc., and Goodyear Tire & Rubber Company were among the primary negative contributors. Conversely, Coeur Mining, Inc., Ameresco, Inc. Class A, CECO Environmental Corp., Hecla Mining Company, and Performant Healthcare, Inc. emerged as leading positive contributors, showcasing their strong performance within the portfolio.
