# EDGAR Filing Document

**Accession Number:** 0000906352
**File Stem:** 0001752724-25-161825
**Filing Date:** 2025-6
**Character Count:** 76468
**Document Hash:** 8ef5445e09bfd549a7d1db2f2b66a151
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161825.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161825

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST EAGLE FUNDS
- **CENTRAL INDEX KEY:** 0000906352

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07762
- **FILM NUMBER:** 251085314

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 212-698-3393

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE  FUNDS INC
- **DATE OF NAME CHANGE:** 20030103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE SOGEN FUNDS INC
- **DATE OF NAME CHANGE:** 20000403

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOGEN FUNDS INC
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### First Eagle Global Fund (Series ID: S000011211)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000030894 | Class A      | SGENX           |
| C000030895 | Class I      | SGIIX           |
| C000030896 | Class C      | FESGX           |
| C000179766 | Class R6     | FEGRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** First Eagle Funds

- **b. Investment Company Act file number:** 811-07762

- **c. CIK number of Registrant:** 0000906352

- **d. LEI of Registrant:** 549300FE2F4XF7FZN136

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1345 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 800-334-2143

**Item A.2. Information about the Series.**

- **a. Name of Series:** First Eagle Global Fund

- **b. EDGAR series identifier (if any):** S000011211

- **c. LEI of Series:** 549300EP0EVC5GLYL794

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $58343500996.29

**Total Liabilities:** $206484728.96

**Net Assets:** $58137016267.33

**Amount of Assets Invested in Other Investment Companies:** $5407962920.00

**Cash Not Reported:** $6116184.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000030894 | -3.85%               | -4.06%               | -4.38%               |
| Class ID C000030895 | 1.23%                | 0.99%                | 0.69%                |
| Class ID C000179766 | 1.23%                | 1.01%                | 0.69%                |
| Class ID C000030896 | 0.15%                | -0.08%               | -0.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $146612158.53            | $515790553.67                              |
| Month 2  | $243045537.33            | $235881595.18                              |
| Month 3  | $968014729.77            | $-629727574.29                             |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                         | Title                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bangkok Bank PCL                             | Bangkok Bank PCL                                            | CUSIP: N/A<br>LEI: 549300CCL2BKJGMYXV60       | Long             | EC               | CORP              | TH        |  42690800 | NS      | $178802343.46  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp.                                 | Oracle Corp.                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |   8840792 | NS      | $1244076250.24 | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co. (The)                        | Kraft Heinz Co. (The)                                       | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |   2639545 | NS      | $76810759.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies Capital SA                     | TotalEnergies Capital SA                                    | CUSIP: 89152ESL3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49879040.00   | 0.09%             | 2025-05-20      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-9134886.59   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                            | Exxon Mobil Corp.                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   5306628 | NS      | $560539115.64  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class A                                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2694360 | NS      | $427864368.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.  | Taiwan Semiconductor Manufacturing Co. Ltd.                 | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   3514485 | NS      | $585829504.65  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc. | Expeditors International of Washington, Inc.                | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |   3823523 | NS      | $420243412.93  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-28549190.49  | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| JG Boswell Co.                               | JG Boswell Co.                                              | CUSIP: 101205102<br>LEI: 549300F07JHRNLXLEC77 | Long             | EC               | CORP              | US        |      2485 | NS      | $1273562.50    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos., Inc.                          | Carlisle Cos., Inc.                                         | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |    403991 | NS      | $153306504.68  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                   | Alibaba Group Holding Ltd.                                  | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |  37671592 | NS      | $562438045.25  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Barrick Gold Corp.                           | Barrick Gold Corp.                                          | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |  20796383 | NS      | $395963132.32  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                               | Alphabet, Inc., Class C                                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   5094822 | NS      | $819705911.58  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co. (The)                      | Western Union Co. (The)                                     | CUSIP: 95980GS17<br>LEI: 28ID94QU1140NC23S047 | Long             | STIV             | CORP              | US        |  37489000 | PA      | $37484216.40   | 0.06%             | 2025-05-01      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Johnson & Johnson                            | Johnson & Johnson                                           | CUSIP: 47816FS93<br>LEI: 549300G0CFPGEF6X2043 | Long             | STIV             | CORP              | US        | 115000000 | PA      | $114876421.00  | 0.20%             | 2025-05-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370ASG0<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  50000000 | PA      | $49904195.00   | 0.09%             | 2025-05-16      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Engie SA                                     | Engie SA                                                    | CUSIP: 29287ASU5<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | STIV             | CORP              | FR        |  75000000 | PA      | $74735520.00   | 0.13%             | 2025-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Shell plc                                    | Shell plc                                                   | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |  11330510 | NS      | $368587060.64  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Cummins, Inc.                                | Cummins, Inc.                                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |   1119800 | NS      | $329042032.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-32346255.98  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Financial, Inc.            | Fidelity National Financial, Inc.                           | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |   4297027 | NS      | $275224579.35  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments, Inc.                        | Global Payments, Inc.                                       | CUSIP: 37961CS11<br>LEI: 549300NOMHGVQBX6S778 | Long             | STIV             | CORP              | US        |  27942000 | PA      | $27938197.09   | 0.05%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Danone SA                                    | Danone SA                                                   | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |   7847337 | NS      | $675235220.24  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                    | Sanofi SA                                                   | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |   3554059 | NS      | $388784995.03  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| CH Robinson Worldwide, Inc.                  | CH Robinson Worldwide, Inc.                                 | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |   7566045 | NS      | $675042534.90  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brenntag SE                                  | Brenntag SE                                                 | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |   1126149 | NS      | $75208554.89   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370ATR5<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  50000000 | PA      | $49663325.00   | 0.09%             | 2025-06-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| British American Tobacco plc                 | British American Tobacco plc                                | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |  20559170 | NS      | $895523308.49  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                           | CUSIP: 71838LSE3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49915355.00   | 0.09%             | 2025-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mills Music Trust                            | Mills Music Trust                                           | CUSIP: 601158108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31592 | NS      | $750310.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                           | CUSIP: 71838LSP8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49860360.00   | 0.09%             | 2025-05-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVER Corp.                                  | NAVER Corp.                                                 | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |   2140516 | NS      | $301182610.98  | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Ross Stores, Inc.                            | Ross Stores, Inc.                                           | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |   1040944 | NS      | $144691216.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co.                         | American Express Co.                                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1531880 | NS      | $408108150.80  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $10660497.19   | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                     | Svenska Handelsbanken AB, Class A                           | CUSIP: N/A<br>LEI: NHBDILHZTYCNBV5UYZ31       | Long             | EC               | CORP              | SE        |  10429006 | NS      | $136513805.85  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Franco-Nevada Corp.                          | Franco-Nevada Corp.                                         | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |   1228062 | NS      | $211040307.86  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                               | Amphenol Corp.                                              | CUSIP: 03209LS15<br>LEI: 549300D3L3G0R4U4VT04 | Long             | STIV             | CORP              | US        |  55955000 | PA      | $55948016.82   | 0.10%             | 2025-05-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Groupe Bruxelles Lambert NV                  | Groupe Bruxelles Lambert NV                                 | CUSIP: N/A<br>LEI: 549300KV0ZEHT2KVU152       | Long             | EC               | CORP              | BE        |   6469396 | NS      | $533686978.11  | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                     | Lloyds Banking Group plc                                    | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        | 396239696 | NS      | $389296935.17  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $8257775.93    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheaton Precious Metals Corp.                | Wheaton Precious Metals Corp.                               | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |   7730000 | NS      | $645609600.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pluxee NV                                    | Pluxee NV                                                   | CUSIP: N/A<br>LEI: 213800RQNIQT48SEEO85       | Long             | EC               | CORP              | NL        |   1781470 | NS      | $40064538.79   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| IPG Photonics Corp.                          | IPG Photonics Corp.                                         | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |   3319802 | NS      | $198822941.78  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3351441.44   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Shimano, Inc.                                | Shimano, Inc.                                               | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |   3335690 | NS      | $469950016.40  | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370ASF2<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  50000000 | PA      | $49910065.00   | 0.09%             | 2025-05-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Becton Dickinson & Co.                       | Becton Dickinson & Co.                                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   4660770 | NS      | $965198859.30  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Oil Ltd.                            | Imperial Oil Ltd.                                           | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |  10896401 | NS      | $734989358.04  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MS&AD Insurance Group Holdings, Inc.         | MS&AD Insurance Group Holdings, Inc.                        | CUSIP: N/A<br>LEI: 529900CXROT5S2HMMP26       | Long             | EC               | CORP              | JP        |  24566360 | NS      | $558388777.27  | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                       | Grupo Mexico SAB de CV, Series B                            | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20       | Long             | EC               | CORP              | MX        |   3339780 | NS      | $17354151.19   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE          | LVMH Moet Hennessy Louis Vuitton SE                         | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |    814596 | NS      | $451228541.40  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                       | CK Asset Holdings Ltd.                                      | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |  54929000 | NS      | $224405070.93  | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Schindler Holding AG                         | Schindler Holding AG                                        | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |   1798637 | NS      | $657842475.81  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.                                | Newmont Corp.                                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |   8042727 | NS      | $423690858.36  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV         | Fomento Economico Mexicano SAB de CV                        | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |   6677092 | NS      | $703164558.52  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona, Inc.                        | Dentsply Sirona, Inc.                                       | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |  10435979 | NS      | $145060108.10  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chofu Seisakusho Co. Ltd.                    | Chofu Seisakusho Co. Ltd.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   2714100 | NS      | $34234531.80   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co.                             | Weyerhaeuser Co.                                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |  10347140 | NS      | $268094397.40  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                  | Apple, Inc.                                                 | CUSIP: 03785DV45<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | STIV             | CORP              | US        |  45000000 | PA      | $44485078.50   | 0.08%             | 2025-08-04      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| General Dynamics Corp.                       | General Dynamics Corp.                                      | CUSIP: 36955DSK7<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49884935.00   | 0.09%             | 2025-05-19      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Nutrien Ltd.                                 | Nutrien Ltd.                                                | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |   6438891 | NS      | $367338731.55  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Abwicklungsanstalt                     | Erste Abwicklungsanstalt                                    | CUSIP: 29604CUW0<br>LEI: 7TG4VWERK338227TR435 | Long             | STIV             | NUSS              | DE        |  90000000 | PA      | $89012691.00   | 0.15%             | 2025-07-30      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Derwent London plc                           | Derwent London plc                                          | CUSIP: N/A<br>LEI: 213800BXKQ9KZNUR1M61       | Long             | EC               | CORP              | GB        |   4966240 | NS      | $128597611.42  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                         | Dollar General Corp.                                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |   4406100 | NS      | $412807509.00  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies Capital SA                     | TotalEnergies Capital SA                                    | CUSIP: 89152ES66<br>LEI: 529900QI55ZLJVCMPA71 | Long             | STIV             | CORP              | FR        | 100000000 | PA      | $99927400.00   | 0.17%             | 2025-05-06      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Deere & Co.                                  | Deere & Co.                                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    381724 | NS      | $176951977.44  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.                   | Bio-Rad Laboratories, Inc., Class A                         | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |   1653049 | NS      | $403476199.92  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services, Inc.              | Universal Health Services, Inc., Class B                    | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |   3368166 | NS      | $596401153.62  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FANUC Corp.                                  | FANUC Corp.                                                 | CUSIP: N/A<br>LEI: 529900QTSW745LOKW705       | Long             | EC               | CORP              | JP        |  17670600 | NS      | $448473860.11  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                  | Cie Financiere Richemont SA (Registered)                    | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |   4501227 | NS      | $795390296.09  | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| NRW Bank                                     | NRW Bank                                                    | CUSIP: 62939LST7<br>LEI: 52990002O5KK6XOGJ020 | Long             | STIV             | CORP              | DE        |  50000000 | PA      | $49841000.00   | 0.09%             | 2025-05-27      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| United States of America                     | U.S. Treasury Bills                                         | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39362805.60   | 0.07%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Orkla ASA                                    | Orkla ASA                                                   | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |  16166787 | NS      | $180299424.64  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Gold, Inc.                             | Royal Gold, Inc.                                            | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |   1438598 | NS      | $262846240.58  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                                   | Legrand SA                                                  | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |   2092188 | NS      | $229931105.99  | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                                    | Sodexo SA                                                   | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |   2131829 | NS      | $135321758.41  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| KT&G Corp.                                   | KT&G Corp.                                                  | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |   5242098 | NS      | $423112213.66  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Ambev SA                                     | Ambev SA                                                    | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        | 166791911 | NS      | $421983534.83  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SMC Corp.                                    | SMC Corp.                                                   | CUSIP: N/A<br>LEI: 353800O40V08DOZ70X62       | Long             | EC               | CORP              | JP        |   1416056 | NS      | $458293633.72  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Kreditanstalt fuer Wiederaufbau              | Kreditanstalt fuer Wiederaufbau                             | CUSIP: 48246TS83<br>LEI: 549300GDPG70E3MBBU98 | Long             | STIV             | CORP              | DE        |  80000000 | PA      | $79923824.00   | 0.14%             | 2025-05-08      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| United States of America                     | U.S. Treasury Bills                                         | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  50000000 | PA      | $48980041.50   | 0.08%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fresnillo plc                                | Fresnillo plc                                               | CUSIP: N/A<br>LEI: 549300JXWH1UV5J0XV81       | Long             | EC               | CORP              | GB        |   5445510 | NS      | $72983762.27   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                  | Investor AB, Class A                                        | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |   4970940 | NS      | $148046186.14  | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-33472573.13  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $606913.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4304834.64   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems plc                              | BAE Systems plc                                             | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |  27034130 | NS      | $626722397.45  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Investor AB                                  | Investor AB, Class B                                        | CUSIP: N/A<br>LEI: 549300VEBQPHRZBKUX38       | Long             | EC               | CORP              | SE        |  11255824 | NS      | $333492784.87  | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                         | Meta Platforms, Inc., Class A                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |   2584560 | NS      | $1418923440.00 | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                | Medtronic plc                                               | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |   6658084 | NS      | $564339199.84  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kreditanstalt fuer Wiederaufbau              | Kreditanstalt fuer Wiederaufbau                             | CUSIP: 48246TUQ0<br>LEI: 549300GDPG70E3MBBU98 | Long             | STIV             | CORP              | DE        |  53000000 | PA      | $52467323.50   | 0.09%             | 2025-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                          | Coca-Cola Co. (The)                                         | CUSIP: 19123CSC0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | STIV             | CORP              | US        | 100000000 | PA      | $99856470.00   | 0.17%             | 2025-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   6023060 | NS      | $1032111561.60 | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                     | Willis Towers Watson plc                                    | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |   2511169 | NS      | $772937818.20  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                           | CUSIP: 71838LUU4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | STIV             | CORP              | US        |  40000000 | PA      | $39564824.00   | 0.07%             | 2025-07-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Engie SA                                     | Engie SA                                                    | CUSIP: 29287ATB6<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | STIV             | CORP              | FR        |  75000000 | PA      | $74602747.50   | 0.13%             | 2025-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                  | Reckitt Benckiser Group plc                                 | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |   9376596 | NS      | $605226679.79  | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Comcast Corp.                                | Comcast Corp., Class A                                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |  24979449 | NS      | $854297155.80  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hydro-Quebec                                 | Hydro-Quebec                                                | CUSIP: 44881LS55<br>LEI: 6THEVG93PYJH84S4D167 | Long             | STIV             | CORP              | CA        | 100000000 | PA      | $99940460.00   | 0.17%             | 2025-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Diageo plc                                   | Diageo plc                                                  | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |   6908194 | NS      | $193984809.66  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoshizaki Corp.                              | Hoshizaki Corp.                                             | CUSIP: N/A<br>LEI: 5299001QAMLGU3SRBG20       | Long             | EC               | CORP              | JP        |   6107800 | NS      | $259679907.19  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bancorp                                   | US Bancorp                                                  | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |   5965007 | NS      | $240628382.38  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch & Lomb, Inc.                          | Bausch & Lomb, Inc.                                         | CUSIP: 071707AG8<br>LEI: 549300JPRACCHT4C0232 | Long             | DBT              | CORP              | US        |   5467000 | PA      | $5275655.00    | 0.01%             | 2028-08-01      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| Ontario Teachers' Finance Trust              | Ontario Teachers' Finance Trust                             | CUSIP: 68328GV11<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | STIV             | CORP              | CA        |  45000000 | PA      | $44498092.50   | 0.08%             | 2025-08-01      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Unilever plc                                 | Unilever plc                                                | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |  12894404 | NS      | $822277832.22  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Guoco Group Ltd.                             | Guoco Group Ltd.                                            | CUSIP: N/A<br>LEI: 3OIHUMDMI0Z4XVPQ8V78       | Long             | EC               | CORP              | BM        |  12748580 | NS      | $103517693.73  | 0.18%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Galderma Group AG                            | Galderma Group AG                                           | CUSIP: N/A<br>LEI: 89450001OK6O8ELQ4584       | Long             | EC               | CORP              | CH        |    186050 | NS      | $21608907.52   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                     | Engie SA                                                    | CUSIP: 29287ATJ9<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | STIV             | CORP              | FR        |  50000000 | PA      | $49691935.00   | 0.09%             | 2025-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kreditanstalt fuer Wiederaufbau              | Kreditanstalt fuer Wiederaufbau                             | CUSIP: 48246TUR8<br>LEI: 549300GDPG70E3MBBU98 | Long             | STIV             | CORP              | DE        |  39500000 | PA      | $39098652.35   | 0.07%             | 2025-07-25      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Power Corp. of Canada                        | Power Corp. of Canada                                       | CUSIP: 739239101<br>LEI: 549300BE2CB8T87IJV50 | Long             | EC               | CORP              | CA        |  10763570 | NS      | $407401046.42  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| T Hasegawa Co. Ltd.                          | T Hasegawa Co. Ltd.                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   3002800 | NS      | $60181976.57   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                   | Haleon plc                                                  | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        | 107935852 | NS      | $543119055.63  | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                         | PPG Industries, Inc.                                        | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   4111217 | NS      | $447547082.62  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                     | U.S. Treasury Bills                                         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  60000000 | PA      | $58949694.60   | 0.10%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-7221206.25   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NOV, Inc.                                    | NOV, Inc.                                                   | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |  28255276 | NS      | $328043754.36  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                         | Analog Devices, Inc.                                        | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   1978983 | NS      | $385743366.36  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                              | Schlumberger NV                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |  20475698 | NS      | $680816958.50  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Co.                                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   5342322 | NS      | $492508665.18  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                    | Itausa SA (Preference)                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        | 150707188 | NS      | $284145249.31  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances, Inc.     | International Flavors & Fragrances, Inc.                    | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |   2916342 | NS      | $228816193.32  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan U.S. Government Money Market Fund  | JP Morgan U.S. Government Money Market Fund, Capital Shares | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  63735501 | NS      | $63735500.72   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                                | Entergy Corp.                                               | CUSIP: 29366ES15<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |  36371000 | PA      | $36366399.07   | 0.06%             | 2025-05-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Industrias Penoles SAB de CV                 | Industrias Penoles SAB de CV                                | CUSIP: N/A<br>LEI: 549300WA2HB7776CB324       | Long             | EC               | CORP              | MX        |   6234643 | NS      | $124336785.44  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International, Inc.                      | RPM International, Inc.                                     | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    217286 | NS      | $23195280.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                       | Hyundai Mobis Co. Ltd.                                      | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |    999985 | NS      | $187705857.95  | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings plc                  | Berkeley Group Holdings plc                                 | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |   6528960 | NS      | $363945780.23  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken Holding NV                          | Heineken Holding NV                                         | CUSIP: N/A<br>LEI: 724500M1WJLFM9TYBS04       | Long             | EC               | CORP              | NL        |   3269505 | NS      | $255641993.16  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370AUU6<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  90000000 | PA      | $89038728.00   | 0.15%             | 2025-07-28      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370ATA2<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  75000000 | PA      | $74630917.50   | 0.13%             | 2025-06-10      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370AV50<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  45000000 | PA      | $44476906.50   | 0.08%             | 2025-08-05      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Jardine Matheson Holdings Ltd.               | Jardine Matheson Holdings Ltd.                              | CUSIP: N/A<br>LEI: 2138009KENVUNWOLPK41       | Long             | EC               | CORP              | BM        |   7051271 | NS      | $313323823.49  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| USS Co. Ltd.                                 | USS Co. Ltd.                                                | CUSIP: N/A<br>LEI: 5299000RRQD6UZXG4W72       | Long             | EC               | CORP              | JP        |   2597200 | NS      | $25888229.23   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro-Quebec                                 | Hydro-Quebec                                                | CUSIP: 44881LUV5<br>LEI: 6THEVG93PYJH84S4D167 | Long             | STIV             | CORP              | CA        |  40500000 | PA      | $40066650.00   | 0.07%             | 2025-07-29      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-6261952.04   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4455426.78   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                           | CUSIP: 71838LUR1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49474125.00   | 0.09%             | 2025-07-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $7463122.56    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Honeywell International, Inc.                | Honeywell International, Inc.                               | CUSIP: 43851TTB2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | STIV             | CORP              | US        |  13000000 | PA      | $12934207.00   | 0.02%             | 2025-06-11      | Fixed         | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Secom Co. Ltd.                               | Secom Co. Ltd.                                              | CUSIP: N/A<br>LEI: 529900TYCL9N3E9PGE47       | Long             | EC               | CORP              | JP        |  12674260 | NS      | $466037974.41  | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                        | Walt Disney Co. (The)                                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   2500477 | NS      | $227418383.15  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                     | U.S. Treasury Bills                                         | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39934433.20   | 0.07%             | 2025-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corp.                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    466954 | NS      | $184568238.04  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Province of Quebec Canada                    | Province of Quebec                                          | CUSIP: 74800JV10<br>LEI: 549300WN65YFEQH74Y36 | Long             | STIV             | NUSS              | CA        |  70000000 | PA      | $69220340.00   | 0.12%             | 2025-08-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| TotalEnergies Capital SA                     | TotalEnergies Capital SA                                    | CUSIP: 89152ESN9<br>LEI: 529900QI55ZLJVCMPA71 | Long             | STIV             | CORP              | FR        |  50000000 | PA      | $49866990.00   | 0.09%             | 2025-05-22      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ONEOK, Inc.                                  | ONEOK, Inc.                                                 | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |   1994428 | NS      | $163862204.48  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                     | Engie SA                                                    | CUSIP: 29287AUP3<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | STIV             | CORP              | FR        | 100000000 | PA      | $98963530.00   | 0.17%             | 2025-07-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)          | Bank of New York Mellon Corp. (The)                         | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |   9925724 | NS      | $798127466.84  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Life Insurance Co. Ltd.              | Samsung Life Insurance Co. Ltd.                             | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |   2998664 | NS      | $182071845.74  | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson Enterprises, Inc.                   | Ferguson Enterprises, Inc.                                  | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    444071 | NS      | $75341085.86   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongkong Land Holdings Ltd.                  | Hongkong Land Holdings Ltd.                                 | CUSIP: N/A<br>LEI: 213800XCHYNRPAYGXW28       | Long             | EC               | CORP              | BM        |  31759300 | NS      | $155430092.33  | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| NRW Bank                                     | NRW Bank                                                    | CUSIP: 62939LTP4<br>LEI: 52990002O5KK6XOGJ020 | Long             | STIV             | CORP              | DE        |  46000000 | PA      | $45707440.00   | 0.08%             | 2025-06-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| AIA Group Ltd.                               | AIA Group Ltd.                                              | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |  41248000 | NS      | $309067811.03  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| BXP, Inc.                                    | BXP, Inc.                                                   | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |   2473129 | NS      | $157612511.17  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                    | Nestle SA (Registered)                                      | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |   4863144 | NS      | $517620330.07  | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370AS21<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  75000000 | PA      | $74982030.00   | 0.13%             | 2025-05-02      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Engie SA                                     | Engie SA                                                    | CUSIP: 29287ATG5<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | STIV             | CORP              | FR        |  50000000 | PA      | $49704075.00   | 0.09%             | 2025-06-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Province of Quebec Canada                    | Province of Quebec                                          | CUSIP: 74800JUV5<br>LEI: 549300WN65YFEQH74Y36 | Long             | STIV             | NUSS              | CA        |  40000000 | PA      | $39568000.00   | 0.07%             | 2025-07-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare, Inc.                         | HCA Healthcare, Inc.                                        | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |   3109934 | NS      | $1073176024.72 | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hirose Electric Co. Ltd.                     | Hirose Electric Co. Ltd.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   1258915 | NS      | $142400203.84  | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Residential                           | Equity Residential                                          | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |   6189955 | NS      | $434906238.30  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                        | Elevance Health, Inc.                                       | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |   2300110 | NS      | $967380263.80  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                             | CVS Health Corp.                                            | CUSIP: 12665JS18<br>LEI: 549300EJG376EN5NQE29 | Long             | STIV             | CORP              | US        |  83931000 | PA      | $83919770.03   | 0.14%             | 2025-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gold bullion                                 | Gold bullion                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | COMM             |  | US        |   1946358 | OU      | $6411069451.88 | 11.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Douglas Emmett, Inc.                         | Douglas Emmett, Inc.                                        | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   9162021 | NS      | $126710750.43  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                     | Berkshire Hathaway, Inc., Class A                           | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       675 | NS      | $540364500.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $205026.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Heineken NV                                  | Heineken NV                                                 | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |    439351 | NS      | $39328595.29   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.            | Philip Morris International, Inc.                           | CUSIP: 71838LSM5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49872655.00   | 0.09%             | 2025-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sompo Holdings, Inc.                         | Sompo Holdings, Inc.                                        | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |  11453400 | NS      | $375340651.27  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                    | Prosus NV                                                   | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |  18115368 | NS      | $849331914.07  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Wendel SE                                    | Wendel SE                                                   | CUSIP: N/A<br>LEI: 969500M98ZMIZYJD5O34       | Long             | EC               | CORP              | FR        |    867489 | NS      | $85296836.93   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Keyence Corp.                                | Keyence Corp.                                               | CUSIP: N/A<br>LEI: 529900M7PQBS7A89DZ11       | Long             | EC               | CORP              | JP        |    263400 | NS      | $110125336.33  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                 | Samsung Electronics Co. Ltd. (Preference)                   | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |  12016075 | NS      | $396658506.47  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies Capital SA                     | TotalEnergies Capital SA                                    | CUSIP: 89152ESC3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  30000000 | PA      | $29956356.00   | 0.05%             | 2025-05-12      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| N/A                                          | Forward Foreign Currency Contract                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-9123258.78   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications, Inc.                 | Charter Communications, Inc., Class A                       | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    567150 | NS      | $222243399.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Schindler Holding AG                         | Schindler Holding AG (Registered)                           | CUSIP: N/A<br>LEI: 5299007DRLI319H7Q933       | Long             | EC               | CORP              | CH        |    211870 | NS      | $75117223.31   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.           | General Motors Financial Co., Inc.                          | CUSIP: 37046TS13<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        | 129254000 | PA      | $129237468.41  | 0.22%             | 2025-05-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Air Liquide US LLC                           | Air Liquide US LLC                                          | CUSIP: 00912TUN1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  75000000 | PA      | $74243955.00   | 0.13%             | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd.                      | Agnico Eagle Mines Ltd.                                     | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |   1999447 | NS      | $234999562.90  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hydro-Quebec                                 | Hydro-Quebec                                                | CUSIP: 44881LS14<br>LEI: 6THEVG93PYJH84S4D167 | Long             | STIV             | CORP              | CA        |  50000000 | PA      | $49994055.00   | 0.09%             | 2025-05-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Flowserve Corp.                              | Flowserve Corp.                                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |   2915531 | NS      | $131869467.13  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                     | U.S. Treasury Bills                                         | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  40000000 | PA      | $39544654.00   | 0.07%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Engie SA                                     | Engie SA                                                    | CUSIP: 29287ATH3<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | STIV             | CORP              | FR        |  50000000 | PA      | $49698000.00   | 0.09%             | 2025-06-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                      | Texas Instruments, Inc.                                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   2881064 | NS      | $461114293.20  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                             | Salesforce, Inc.                                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |   1958768 | NS      | $526340549.28  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Electric Corp.                    | Mitsubishi Electric Corp.                                   | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |  24592300 | NS      | $475748018.24  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Extra Space Storage, Inc.                    | Extra Space Storage, Inc.                                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1155209 | NS      | $169261222.68  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp. plc                              | Noble Corp. plc                                             | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Long             | EC               | CORP              | GB        |   9141720 | NS      | $198740992.80  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                 | Samsung Electronics Co. Ltd.                                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |  11473361 | NS      | $447662305.13  | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck KGaA                                   | Merck KGaA                                                  | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |   3315208 | NS      | $461543470.11  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| PSP Capital, Inc.                            | PSP Capital, Inc.                                           | CUSIP: 69370AT95<br>LEI: 549300B456N0WEIC5249 | Long             | STIV             | CORP              | CA        |  75000000 | PA      | $74640000.00   | 0.13%             | 2025-06-09      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Henkel AG & Co. KGaA                         | Henkel AG & Co. KGaA (Preference)                           | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |   3516726 | NS      | $273131338.43  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** First Eagle Funds

**Signature:** Shuang Wu

**Name of Signer:** Shuang Wu

**Title:** Treasurer