First Eagle U.S. Value's veteran managers play defense well but struggle to go on offense. Most of its share classes warrant a Morningstar Analyst Rating of Neutral, but two cheaper ones are rated Bronze.
Will FEVAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FEVAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FEVAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FEVAX’s parent organization’s priorities and whether they’re in line with investors’ interests.