FEOE: FIRST EAGLE OVERSEAS EQUITY ETF
What this ETF is trying to do
The First Eagle Overseas Equity ETF (ticker: FEOE) is an exchange-traded fund designed to invest in companies located outside of the United States. Based on its top holdings, it provides exposure to large international businesses in sectors like energy, technology, and consumer goods.
What the numbers show
Recent data shows that the share price of FEOE has grown over the last year. The current price is $54.48. An estimated price from roughly one year ago was approximately $46.30.
When looking at performance, it is important to look at two different numbers:
• One-year price return: This measures only the change in the share price, which was approximately 17.67%.
• One-year total return: This includes both the share price change and any distributions paid out. The one-year total return was approximately 19.46%.
For the year-to-date (YTD) period, both the price return and the total return are approximately 12.66%.
Income and distribution explanation
Some investors look at ETFs for regular cash payments, known as distributions. FEOE has a distribution yield of approximately 1.36%. This means the trailing distributions were about $0.74 per share.
It is important to note that the frequency of these payments is described as "irregular" or "less frequent." In the last 12 months, there was only one distribution payout. Because the payments are not regular, investors should not rely on them as a steady source of monthly income.
NAV erosion explanation
"NAV erosion" refers to a decline in the actual value of the fund's underlying assets. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price erosion (the decline in the market price of the shares), the ETF has an erosion score of 100. This is labeled as "No price erosion detected," and the erosion severity is described as "good." There is no severe erosion-risk flag for this fund.
Pros
• Positive Price Growth: The share price has increased significantly over the last year.
• Strong Erosion Score: The data shows no signs of recent price erosion.
• Global Exposure: The fund holds 90 different assets, providing a variety of international company exposure.
Top Holdings include:
• Shell PLC (4.66%)
• Samsung Electronics Co Ltd (3.96%)
• Imperial Oil Ltd (3.18%)
• British American Tobacco PLC (2.87%)
• LVMH Moet Hennessy Louis Vuitton SE (2.50%)
Cons
• Irregular Income: Distributions are not frequent, which may not suit investors looking for steady cash flow.
• Lower Yield: The distribution yield of 1.36% is relatively low compared to some other types of income-focused funds.
Beginner takeaway
FEOE is an ETF that focuses on international companies. Over the past year, it has seen both its share price and its total return grow. While it does pay distributions, they do not happen on a regular schedule.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SHELL PLC | n/a | 4.66% |
| 2 | SAMSUNG ELECTRONICS CO LTD | n/a | 3.96% |
| 3 | IMPERIAL OIL LTD | n/a | 3.18% |
| 4 | BRITISH AMERICAN TOBACCO PLC | n/a | 2.87% |
| 5 | LVMH MOET HENNESSY LOUIS VUITTON SE | n/a | 2.50% |
| 6 | DASSAULT SYSTEMES SE | n/a | 2.44% |
| 7 | MERCK KGAA | n/a | 2.43% |
| 8 | PROSUS NV ORDINARY SHARES CLASS N | n/a | 2.39% |
| 9 | FOMENTO ECONOMICO MEXICANO SAB DE CV ADR | FMX | 2.05% |
| 10 | n/a | n/a | 2.03% |