First Eagle Global Income Builder Fund Q4 2024 Commentary

2025-03-04 10:02:00 ET

Summary

• Global Income Builder Fund A Shares (without sales charge*) posted a return of -5.18% in fourth quarter 2024.
• Equity market performance in the fourth quarter was in many ways a microcosm of the past two years.
• The NYSE FANG+ Index gained more than 15% in the fourth quarter, the cherry on top of a 51% annual gain.

Market Overview

Equity market performance in the fourth quarter was in many ways a microcosm of the past two years. As has been the trend, outperformance during the last stanza of 2024 could be found in the most concentrated, highest-growth segment of the world’s largest stock market; that is, tech-oriented US stocks....

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