# EDGAR Filing Document

**Accession Number:** 0000906352
**File Stem:** 0001752724-23-065857
**Filing Date:** 2023-3
**Character Count:** 268656
**Document Hash:** 892ba8c6a40209bac643cf9568b60754
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-065857.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001752724-23-065857

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST EAGLE FUNDS
- **CENTRAL INDEX KEY:** 0000906352
- **IRS NUMBER:** 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:** 23760291

**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 U.S. Smid Cap Opportunity Fund (Series ID: S000077255)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237506 | Class A      |  |
| C000237507 | Class I      |  |
| C000237508 | Class R6     |  |

## Nport-Ex

First Eagle Global Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 80.1%** |  |  |
| &nbsp;&nbsp;**Australia - 0.3%** |  |  |
| &nbsp;&nbsp;Newcrest Mining Ltd. | 9296442 | 147712223 |
| &nbsp;&nbsp;**Belgium - 1.2%** |  |  |
| &nbsp;&nbsp;Groupe Bruxelles Lambert NV | 6469396 | 553425720 |
| &nbsp;&nbsp;**Brazil - 1.9%** |  |  |
| &nbsp;&nbsp;Ambev SA, ADR | 135881898 | 361445849 |
| &nbsp;&nbsp;Itausa SA (Preference) | 113282546 | 190355202 |
| &nbsp;&nbsp;Wheaton Precious Metals Corp. | 7936282 | 363005539 |
|  |  | **914806590** |
| &nbsp;&nbsp;**Canada - 4.0%** |  |  |
| &nbsp;&nbsp;Agnico Eagle Mines Ltd. | 2298700 | 129814226 |
| &nbsp;&nbsp;Barrick Gold Corp. | 20128459 | 393511373 |
| &nbsp;&nbsp;Franco-Nevada Corp. | 769497 | 112872669 |
| &nbsp;&nbsp;Imperial Oil Ltd. | 10896401 | 595532885 |
| &nbsp;&nbsp;Nutrien Ltd. | 4138319 | 342611430 |
| &nbsp;&nbsp;Power Corp. of Canada | 13272144 | 359995248 |
|  |  | **1934337831** |
| &nbsp;&nbsp;**China - 2.1%** |  |  |
| &nbsp;&nbsp;Alibaba Group Holding Ltd.\* | 34738392 | 477606654 |
| &nbsp;&nbsp;Prosus NV\* | 6294726 | 508269306 |
|  |  | **985875960** |
| &nbsp;&nbsp;**France - 3.6%** |  |  |
| &nbsp;&nbsp;Danone SA | 10211219 | 559975979 |
| &nbsp;&nbsp;Legrand SA | 1954335 | 174256508 |
| &nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton SE | 145168 | 126728101 |
| &nbsp;&nbsp;Sanofi | 4031951 | 394826688 |
| &nbsp;&nbsp;Sodexo SA | 3480088 | 344990916 |
| &nbsp;&nbsp;Wendel SE | 1067994 | 113087837 |
|  |  | **1713866029** |
| &nbsp;&nbsp;**Germany - 0.8%** |  |  |
| &nbsp;&nbsp;Brenntag SE | 1126149 | 84064835 |
| &nbsp;&nbsp;Henkel AG & Co. KGaA (Preference) | 4137100 | 294976545 |
|  |  | **379041380** |
| &nbsp;&nbsp;**Hong Kong - 2.0%** |  |  |
| &nbsp;&nbsp;CK Asset Holdings Ltd. | 37986500 | 242867086 |
| &nbsp;&nbsp;Guoco Group Ltd. | 12748580 | 117479150 |
| &nbsp;&nbsp;Hongkong Land Holdings Ltd. | 31759300 | 155264082 |
| &nbsp;&nbsp;Hysan Development Co. Ltd. | 23322348 | 78466824 |
| &nbsp;&nbsp;Jardine Matheson Holdings Ltd. | 7051271 | 374814456 |
|  |  | **968891598** |
| &nbsp;&nbsp;**Ireland - 0.3%** |  |  |
| &nbsp;&nbsp;CRH plc | 3284015 | 153437515 |
| &nbsp;&nbsp;**Japan - 7.0%** |  |  |
| &nbsp;&nbsp;Chofu Seisakusho Co. Ltd. (a) | 3224200 | 52474540 |
| &nbsp;&nbsp;FANUC Corp. | 2720500 | 480684318 |
| &nbsp;&nbsp;Hirose Electric Co. Ltd. | 1258915 | 163890961 |
| &nbsp;&nbsp;Hoshizaki Corp. | 5662600 | 203549369 |
| &nbsp;&nbsp;Keyence Corp. | 263400 | 121261179 |
| &nbsp;&nbsp;Komatsu Ltd. | 6756000 | 166025053 |
| &nbsp;&nbsp;Mitsubishi Electric Corp. | 24592300 | 271025699 |
| &nbsp;&nbsp;Mitsubishi Estate Co. Ltd. | 21378880 | 274785346 |
| &nbsp;&nbsp;MS&AD Insurance Group Holdings, Inc. | 11209120 | 359518138 |
| &nbsp;&nbsp;Secom Co. Ltd. | 6337130 | 377539684 |
| &nbsp;&nbsp;Shimano, Inc. | 1517390 | 270604471 |
| &nbsp;&nbsp;SMC Corp. | 442156 | 224575898 |
| &nbsp;&nbsp;Sompo Holdings, Inc. | 7663700 | 329913758 |
| &nbsp;&nbsp;T Hasegawa Co. Ltd. (a) | 3002800 | 73510498 |
| &nbsp;&nbsp;USS Co. Ltd. | 1298600 | 21359598 |
|  |  | **3390718510** |
| &nbsp;&nbsp;**Mexico - 1.3%** |  |  |
| &nbsp;&nbsp;Fomento Economico Mexicano SAB de CV, ADR | 5421458 | 476004012 |
| &nbsp;&nbsp;Fresnillo plc | 5590827 | 56790880 |
| &nbsp;&nbsp;Industrias Penoles SAB de CV\* | 6401020 | 91223161 |
|  |  | **624018053** |
| &nbsp;&nbsp;**Norway - 0.2%** |  |  |
| &nbsp;&nbsp;Orkla ASA | 15778116 | 117794955 |
| &nbsp;&nbsp;**South Korea - 1.8%** |  |  |
| &nbsp;&nbsp;Hyundai Mobis Co. Ltd. | 999985 | 167204658 |
| &nbsp;&nbsp;KT&G Corp.\* | 5242098 | 393217713 |
| &nbsp;&nbsp;Lotte Confectionery Co. Ltd.\* | 161797 | 15783061 |
| &nbsp;&nbsp;Lotte Corp.\* | 913277 | 24072255 |
| &nbsp;&nbsp;Namyang Dairy Products Co. Ltd. | 784 | 320557 |
| &nbsp;&nbsp;NAVER Corp. | 629662 | 104603022 |
| &nbsp;&nbsp;Samsung Electronics Co. Ltd. (Preference) | 3025981 | 135788152 |
|  |  | **840989418** |
| &nbsp;&nbsp;**Sweden - 0.9%** |  |  |
| &nbsp;&nbsp;Investor AB, Class A | 4970940 | 99212948 |
| &nbsp;&nbsp;Investor AB, Class B | 11255824 | 218723050 |
| &nbsp;&nbsp;Svenska Handelsbanken AB, Class A | 12783537 | 133307015 |
|  |  | **451243013** |
| &nbsp;&nbsp;**Switzerland - 2.4%** |  |  |
| &nbsp;&nbsp;Cie Financiere Richemont SA (Registered) | 5088998 | 784506339 |
| &nbsp;&nbsp;Schindler Holding AG | 1798637 | 383356763 |
|  |  | **1167863102** |
| &nbsp;&nbsp;**Taiwan - 0.9%** |  |  |
| &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 4606256 | 427138119 |
| &nbsp;&nbsp;**Thailand - 0.5%** |  |  |
| &nbsp;&nbsp;Bangkok Bank PCL, NVDR | 47278400 | 227923743 |
| &nbsp;&nbsp;**United Kingdom - 5.5%** |  |  |
| &nbsp;&nbsp;BAE Systems plc | 30239911 | 320121286 |
| &nbsp;&nbsp;Berkeley Group Holdings plc (a) | 6766463 | 346494969 |
| &nbsp;&nbsp;British American Tobacco plc | 19154797 | 734276606 |
| &nbsp;&nbsp;Lloyds Banking Group plc | 437703164 | 284855398 |
| &nbsp;&nbsp;Reckitt Benckiser Group plc | 4483021 | 319464302 |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;Unilever plc | 12894404 | 654608748 |
|  |  | **2659821309** |
| &nbsp;&nbsp;**United States - 43.4%** |  |  |
| &nbsp;&nbsp;Alphabet, Inc., Class A\* | 2694360 | 266310542 |
| &nbsp;&nbsp;Alphabet, Inc., Class C\* | 3980259 | 397508466 |
| &nbsp;&nbsp;American Express Co. | 2046860 | 358057220 |
| &nbsp;&nbsp;Analog Devices, Inc. | 2464848 | 422647487 |
| &nbsp;&nbsp;Bank of New York Mellon Corp. (The) | 11504615 | 581788381 |
| &nbsp;&nbsp;Becton Dickinson & Co. | 1130197 | 285058287 |
| &nbsp;&nbsp;Berkshire Hathaway, Inc., Class A\* | 728 | 344343927 |
| &nbsp;&nbsp;Boston Properties, Inc., REIT | 2546846 | 189841901 |
| &nbsp;&nbsp;Brown & Brown, Inc. | 3486931 | 204194679 |
| &nbsp;&nbsp;CH Robinson Worldwide, Inc. (a) | 7426526 | 743915109 |
| &nbsp;&nbsp;Charles Schwab Corp. (The) | 2951646 | 228516433 |
| &nbsp;&nbsp;Colgate-Palmolive Co. | 7218573 | 538000246 |
| &nbsp;&nbsp;Comcast Corp., Class A | 21961227 | 864174282 |
| &nbsp;&nbsp;Cummins, Inc. | 1455755 | 363269103 |
| &nbsp;&nbsp;Deere & Co. | 381724 | 161408176 |
| &nbsp;&nbsp;Dentsply Sirona, Inc. | 6900950 | 254161988 |
| &nbsp;&nbsp;Douglas Emmett, Inc., REIT | 8215068 | 137602389 |
| &nbsp;&nbsp;DR Horton, Inc. | 1069118 | 105511255 |
| &nbsp;&nbsp;Elevance Health, Inc. | 1258041 | 629007920 |
| &nbsp;&nbsp;Equity Residential, REIT | 5273527 | 335659994 |
| &nbsp;&nbsp;Expeditors International of Washington, Inc. | 1875971 | 202886264 |
| &nbsp;&nbsp;Exxon Mobil Corp. | 9538191 | 1106525538 |
| &nbsp;&nbsp;Fidelity National Financial, Inc. | 1180125 | 51960904 |
| &nbsp;&nbsp;Fidelity National Information Services, Inc. | 1678512 | 125955540 |
| &nbsp;&nbsp;Flowserve Corp. (a) | 7892216 | 271650075 |
| &nbsp;&nbsp;GSK plc | 7314932 | 128487063 |
| &nbsp;&nbsp;Haleon plc\* | 68822768 | 275799288 |
| &nbsp;&nbsp;HCA Healthcare, Inc. | 3109934 | 793250865 |
| &nbsp;&nbsp;IPG Photonics Corp.\* (a) | 3097302 | 347207554 |
| &nbsp;&nbsp;J.G. Boswell Co. | 2485 | 2060065 |
| &nbsp;&nbsp;Kraft Heinz Co. (The) | 4471740 | 181239622 |
| &nbsp;&nbsp;Medtronic plc | 1421609 | 118974457 |
| &nbsp;&nbsp;Meta Platforms, Inc., Class A\* | 4124147 | 614374179 |
| &nbsp;&nbsp;Microsoft Corp. | 1584979 | 392773646 |
| &nbsp;&nbsp;Mills Music Trust (a) | 31592 | 1211553 |
| &nbsp;&nbsp;Nestle SA (Registered) | 3086462 | 376576320 |
| &nbsp;&nbsp;Newmont Corp. | 7901033 | 418201677 |
| &nbsp;&nbsp;NOV, Inc. (a) | 26905276 | 657564945 |
| &nbsp;&nbsp;Oracle Corp. | 14601623 | 1291659571 |
| &nbsp;&nbsp;Philip Morris International, Inc. | 6664841 | 694743026 |
| &nbsp;&nbsp;PPG Industries, Inc. | 853547 | 111251316 |
| &nbsp;&nbsp;Ross Stores, Inc. | 2633277 | 311227009 |
| &nbsp;&nbsp;Royal Gold, Inc. | 1476988 | 187621786 |
| &nbsp;&nbsp;RPM International, Inc. | 174428 | 15682821 |
| &nbsp;&nbsp;Salesforce, Inc.\* | 1385077 | 232651384 |
| &nbsp;&nbsp;Schlumberger Ltd. | 19905698 | 1134226672 |
| &nbsp;&nbsp;Texas Instruments, Inc. | 2333362 | 413495080 |
| &nbsp;&nbsp;Travelers Cos., Inc. (The) | 1003263 | 191743625 |
| &nbsp;&nbsp;UGI Corp. | 6123570 | 243901793 |
| &nbsp;&nbsp;Union Pacific Corp. | 518453 | 105862918 |
| &nbsp;&nbsp;Universal Health Services, Inc., Class B | 3368166 | 499195883 |
| &nbsp;&nbsp;US Bancorp | 6565740 | 326973852 |
| &nbsp;&nbsp;W.R. Berkley Corp. | 2267622 | 159051007 |
| &nbsp;&nbsp;Walmart, Inc. | 1383386 | 199027744 |
| &nbsp;&nbsp;Wells Fargo & Co. | 6275140 | 294115812 |
| &nbsp;&nbsp;Weyerhaeuser Co., REIT | 10347140 | 356252030 |
| &nbsp;&nbsp;Willis Towers Watson plc | 2553725 | 649131358 |
|  |  | **20895492027** |
| **TOTAL COMMON STOCKS <br> (Cost $26,444,964,255)** |  | **38554397095** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Ounces** | **Value ($)** |
| **COMMODITIES - 11.1%** |  |  |
| &nbsp;&nbsp;Gold bullion\*<br> (Cost $2,902,970,315) | 2764801 | 5330702334 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Principal<br> Amount ($)** | **Value ($)** |
| **FOREIGN GOVERNMENT SECURITIES - 1.0%** |  |  |  |
| &nbsp;&nbsp;**Colombia - 0.2%** |  |  |  |
| &nbsp;&nbsp;Titulos de Tesoreria |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.75%, 11/3/2027 | COP | 504289700000 | 84407982 |
| &nbsp;&nbsp;**Indonesia - 0.1%** |  |  |  |
| &nbsp;&nbsp;Republic of Indonesia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.38%, 3/15/2024 | IDR | 853795000000 | 58456194 |
| &nbsp;&nbsp;**Mexico - 0.4%** |  |  |  |
| &nbsp;&nbsp;Mex Bonos Desarr Fix Rt |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M, 8.00%, 12/7/2023 | MXN | 911940000 | 47351336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M 20, 10.00%, 12/5/2024 | MXN | 816590000 | 43464158 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M, 5.75%, 3/5/2026 | MXN | 1813230000 | 87205092 |
|  |  |  | **178020586** |
| &nbsp;&nbsp;**Peru - 0.1%** |  |  |  |
| &nbsp;&nbsp;Republic of Peru |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.20%, 8/12/2026 (b) | PEN | 221343000 | 59383917 |
| &nbsp;&nbsp;**South Korea - 0.2%** |  |  |  |
| &nbsp;&nbsp;Republic of Korea |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.25%, 3/10/2026 | KRW | 158937690000 | 121125504 |
| **TOTAL FOREIGN GOVERNMENT SECURITIES<br> (Cost 573,462,545)** |  |  | **501394183** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **CORPORATE BONDS - 0.0% (c)** |  |  |
| **United States - 0.0% (c)** |  |  |
| &nbsp;&nbsp;Bausch & Lomb, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 8/1/2028‡ <br> (Cost $5,115,830) | 5467000 | 4961302 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal Amount ($)** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 7.6%** |  |  |
| **COMMERCIAL PAPER - 7.6%** |  |  |
| &nbsp;&nbsp;Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 2/1/2023 (d) | 17703000 | 17700611 |
| &nbsp;&nbsp;BP Capital Markets plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.35%, 2/1/2023 (d) | 83658000 | 83647830 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.51%, 2/13/2023 (d) | 97000000 | 96839923 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.60%, 3/22/2023 (d) | 20000000 | 19871306 |
| &nbsp;&nbsp;CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (d) | 19876000 | 19873483 |
| &nbsp;&nbsp;Engie SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.66%, 2/15/2023 (d) | 65500000 | 65374431 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.61%, 2/22/2023 (d) | 47572000 | 47436613 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.61%, 2/23/2023 (d) | 50000000 | 49851363 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.69%, 3/23/2023 (d) | 69800000 | 69338215 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.71%, 4/25/2023 (d) | 37950000 | 37492728 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.71%, 4/26/2023 (d) | 100000000 | 98776236 |
| &nbsp;&nbsp;Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (b)(d) | 20244000 | 20241448 |
| &nbsp;&nbsp;Export Development Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.35%, 2/7/2023 (d) | 80000000 | 79930934 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.42%, 2/16/2023 (d) | 75000000 | 74851467 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.32%, 2/21/2023 (d) | 25000000 | 24934900 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.45%, 3/14/2023 (d) | 88821000 | 88345985 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.61%, 4/4/2023 (d) | 50000000 | 49593300 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.68%, 4/19/2023 (d) | 68000000 | 67316668 |
| &nbsp;&nbsp;FMS Wertmanagement |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 3/8/2023 (d) | 100000000 | 99546200 |
| &nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2023 (d) | 40486000 | 40480617 |
| &nbsp;&nbsp;Henkel US Operations Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.35%, 3/10/2023 (d) | 50000000 | 49760547 |
| &nbsp;&nbsp;Hydro-Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.51%, 4/12/2023 (d) | 53089000 | 52622338 |
| &nbsp;&nbsp;Johnson & Johnson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 3/15/2023 (b)(d) | 10000000 | 9945904 |
| &nbsp;&nbsp;Kreditanstalt fuer Wiederaufbau |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.08%, 2/17/2023 (b)(d) | 50000000 | 49897221 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.36%, 3/14/2023 (b)(d) | 49000000 | 48747438 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.57%, 3/29/2023 (d) | 44500000 | 44186249 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 4/3/2023 (b)(d) | 116147000 | 115253461 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.69%, 5/3/2023 (d) | 72125000 | 71283582 |
| &nbsp;&nbsp;Linde, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.23%, 2/9/2023 (d) | 50000000 | 49944462 |
| &nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton SE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.15%, 2/3/2023 (b)(d) | 49475000 | 49456806 |
| &nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.57%, 3/17/2023 (b)(d) | 33800000 | 33606072 |
| &nbsp;&nbsp;Mitsui & Co. USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/1/2023 (d) | 18403000 | 18400800 |
| &nbsp;&nbsp;Nederlandse Waterschapsbank NV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.46%, 3/15/2023 (b)(d) | 70453000 | 70066489 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.71%, 4/14/2023 (b)(d) | 30125000 | 29840763 |
| &nbsp;&nbsp;NRW Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.34%, 3/7/2023 (b)(d) | 97500000 | 97077988 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.49%, 3/8/2023 (b)(d) | 46735000 | 46526749 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.34%, 3/9/2023 (b)(d) | 105740000 | 105255299 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.71%, 4/18/2023 (b)(d) | 50000000 | 49505703 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 4/21/2023 (b)(d) | 64804000 | 64136807 |
| &nbsp;&nbsp;Oesterreichische Kontrollbank AG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.27%, 2/15/2023 (d) | 63000000 | 62882557 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 2/21/2023 (d) | 100000000 | 99738433 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 3/13/2023 (d) | 139500000 | 138785063 |
| &nbsp;&nbsp;Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.66%, 2/14/2023 (d) | 71550000 | 71418944 |
| &nbsp;&nbsp;Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.51%, 2/10/2023 (d) | 50500000 | 50435879 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.61%, 3/16/2023 (d) | 81260000 | 80794299 |
| &nbsp;&nbsp;Province of Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/8/2023 (b)(d) | 25000000 | 24975322 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 2/27/2023 (b)(d) | 67000000 | 66772468 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.36%, 3/1/2023 (b)(d) | 75000000 | 74725165 |
| &nbsp;&nbsp;PSP Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.37%, 2/6/2023 (b)(d) | 50000000 | 49963050 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.42%, 3/6/2023 (b)(d) | 82353000 | 82001989 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.67%, 4/20/2023 (b)(d) | 50000000 | 49492864 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 5/2/2023 (b)(d) | 69722000 | 68903886 |
| &nbsp;&nbsp;Siemens Capital Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.58%, 4/24/2023 (b)(d) | 100000000 | 98950511 |
| &nbsp;&nbsp;Svensk Export Credit Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 4/20/2023 (d) | 50000000 | 49497143 |
| &nbsp;&nbsp;Svensk Exportkredit AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 4/6/2023 (d) | 93444000 | 92678524 |
| &nbsp;&nbsp;Unilever Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.58%, 4/13/2023 (b)(d) | 50000000 | 49540200 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.66%, 4/17/2023 (b)(d) | 33500000 | 33175102 |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal Amount ($)** | **Value ($)** |
| &nbsp;&nbsp;Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 2/1/2023 (b)(d) | 61097000 | 61089127 |
| &nbsp;&nbsp;Walt Disney Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 4/6/2023 (b)(d) | 54692000 | 54223434 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.98%, 4/28/2023 (b)(d) | 75000000 | 74128006 |
| **TOTAL COMMERCIAL PAPER<br> (Cost $3,641,982,976)** |  | **3641130902** |
| **U.S. TREASURY OBLIGATIONS - 0.0% (c)** |  |  |
| &nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 3/2/2023 (d)(e) | 15200000 | 15145910 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.58%, 4/27/2023 (d)(e) | 15000000 | 14840731 |
| **TOTAL U.S. TREASURY OBLIGATIONS<br> (Cost $29,987,437)** |  | **29986641** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **INVESTMENT COMPANIES - 0.0% (c)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (f) <br> (Cost $221,835) | 221835 | 221835 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $3,672,192,248)** |  | **3671339378** |
| **Total Investments - 99.8%<br> (Cost $33,598,705,193)** |  | **48062794292** |
| **Other assets less liabilities - 0.2%** |  | **60786973** |
| **Net Assets - 100.0%** |  | **48123581265** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Value determined using significant unobservable inputs. |
| (a) | Affiliated company as defined under the Investment Company Act of 1940. |
| (b) | Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2023 amounted to $1,636,883,189, which represents approximately 3.40% of net assets of the Fund. |
| (c) | Represents less than 0.05% of net assets. |
| (d) | The rate shown was the current yield as of January 31, 2023. |
| (e) | All or a portion of this security is pledged with the custodian for current or potential holdings of forward foreign currency exchange contracts. |
| (f) | Represents 7-day effective yield as of January 31, 2023. |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

**Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement <br> Date** | **Unrealized<br> Appreciation<br> (Depreciation) ($)** |
| USD | 90017016 | EUR | 86475000 | UBS AG | 2/15/2023 | (4074007) |
| USD | 90231474 | EUR | 86475000 | Bank of New York Mellon | 3/15/2023 | (4019718) |
| USD | 99350499 | EUR | 93436000 | Goldman Sachs | 4/19/2023 | (2706355) |
| USD | 84667921 | GBP | 69228000 | Goldman Sachs | 4/19/2023 | (819808) |
| USD | 100176177 | EUR | 92655000 | JPMorgan Chase Bank | 5/17/2023 | (1178926) |
| USD | 93506952 | GBP | 77000000 | JPMorgan Chase Bank | 5/17/2023 | (1628222) |
| **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** |  | (14427036) |

---

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| ADR | American Depositary Receipt |
| COP | Colombian Peso |
| EUR | Euro |
| Fix Rt | Fixed Rate |
| GBP | British Pound |
| IDR | Indonesian Rupiah |
| KRW | Korea (Rep.) Won |
| MXN | Mexican Peso |
| NVDR | Non-Voting Depositary Receipt |
| PEN | Peruvian Sol |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. |
| REIT | Real Estate Investment Trust |
| USD | United States Dollar |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Aerospace & Defense | 0.7% |
| Air Freight & Logistics | 1.9 |
| Auto Components | 0.4 |
| Banks | 3 |
| Beverages | 1.7 |
| Capital Markets | 1.7 |
| Chemicals | 1.1 |
| Commercial Services & Supplies | 0.8 |
| Commodities | 11.1 |
| Construction Materials | 0.3 |
| Consumer Finance | 0.7 |
| Diversified Financial Services | 2.7 |
| Electrical Equipment | 0.9 |
| Electronic Equipment, Instruments & Components | 1.3 |
| Energy Equipment & Services | 3.7 |
| Entertainment | 0.0 \* |
| Equity Real Estate Investment Trusts (REITs) | 2.1 |
| Food & Staples Retailing | 0.4 |
| Food Products | 2.6 |
| Foreign Government Securities | 1 |
| Gas Utilities | 0.5 |
| Health Care Equipment & Supplies | 1.4 |
| Health Care Providers & Services | 4 |
| Hotels, Restaurants & Leisure | 0.7 |
| Household Durables | 1.1 |
| Household Products | 2.4 |
| Industrial Conglomerates | 1.1 |
| Insurance | 4.8 |
| Interactive Media & Services | 2.9 |
| Internet & Direct Marketing Retail | 2.1 |
| IT Services | 0.3 |
| Leisure Products | 0.6 |
| Machinery | 4.7 |
| Media | 1.8 |
| Metals & Mining | 4 |
| Oil, Gas & Consumable Fuels | 3.5 |
| Personal Products | 1.9 |
| Pharmaceuticals | 1.1 |
| Real Estate Management & Development | 1.6 |
| Road & Rail | 0.2 |
| Semiconductors & Semiconductor Equipment | 2.6 |
| Software | 4 |
| Specialty Retail | 0.7 |
| Technology Hardware, Storage & Peripherals | 0.3 |
| Textiles, Apparel & Luxury Goods | 1.9 |
| Tobacco | 3.7 |
| Trading Companies & Distributors | 0.2 |
| Short-Term Investments | 7.6 |
| **Total Investments** | **99.8%** |

---

<sup>\*</sup> Less than 0.05%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

**Affiliated Securities**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Shares at<br> January 31,<br> 2023** | **Market Value<br> October 31,<br> 2022** | **Purchases<br> at Cost** | **Proceeds<br> from Sales** | **Net<br> Realized<br> Gain (Loss)** | **Change<br> in Unrealized<br> Appreciation/<br> (Depreciation)** | **Market Value<br> January 31,<br> 2023** | **Dividend<br> Income** |
| **Common Stocks - 5.2%** |  |  |  |  |  |  |  |  |
| **Japan - 0.3%** |  |  |  |  |  |  |  |  |
| Chofu Seisakusho Co. Ltd. | 3224200 | $44031237 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | $8443303 | $52474540 | $392737 |
| T Hasegawa Co. Ltd. | 3002800 | 63875515 | - | - | - | 9634983 | 73510498 | 38968 |
|  |  | **107906752** | **-** | **-** | **-** | **18078286** | **125985038** | **431705** |
| **United Kingdom - 0.7%** |  |  |  |  |  |  |  |  |
| Berkeley Group Holdings plc | 6766463 | 269219704 | - | - | - | 77275265 | 346494969 | - |
| **United States - 4.2%** |  |  |  |  |  |  |  |  |
| CH Robinson Worldwide, Inc. | 7426526 | 725720121 |  |  |  | 18194988 | 743915109 | 4530181 |
| Flowserve Corp. | 7892216 | 226348755 |  |  |  | 45301320 | 271650075 | 1578443 |
| IPG Photonics Corp.\* | 3097302 | 265314889 |  |  |  | 81892665 | 347207554 |  |
| Mills Music Trust | 31592 | 1200812 |  |  |  | 10741 | 1211553 | 20688 |
| NOV, Inc. | 26905276 | 602678182 | - | - | - | 54886763 | 657564945 | 1345264 |
|  |  | 1821262759 | - | - | - | 200286477 | 2021549236 | 7474576 |
| **Total Common Stocks** |  | **2198389215** | **-** | - | - | **295640028** | **2494029243** | **7906281** |
| **Total** |  | $**2198389215** | $**-** | **-** | $**-** | $**295640028** | $**2494029243** | $**7906281** |

---

\* Non-income producing security.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 81.5%** |  |  |
| &nbsp;&nbsp;**Australia - 0.3%** |  |  |
| &nbsp;&nbsp;Newcrest Mining Ltd. | 2048366 | 32546720 |
| &nbsp;&nbsp;**Belgium - 2.1%** |  |  |
| &nbsp;&nbsp;Groupe Bruxelles Lambert NV | 2922262 | 249985462 |
| &nbsp;&nbsp;Legris Industries SE\*‡ (a)(b)(c) | 905366 | 15197108 |
|  |  | **265182570** |
| &nbsp;&nbsp;**Brazil - 3.0%** |  |  |
| &nbsp;&nbsp;Ambev SA, ADR | 70219934 | 186785024 |
| &nbsp;&nbsp;Itausa SA (Preference) | 52187137 | 87693060 |
| &nbsp;&nbsp;Wheaton Precious Metals Corp. | 2364552 | 108154608 |
|  |  | **382632692** |
| &nbsp;&nbsp;**Canada - 7.3%** |  |  |
| &nbsp;&nbsp;Agnico Eagle Mines Ltd. | 717589 | 40524323 |
| &nbsp;&nbsp;Barrick Gold Corp. | 5379581 | 105170809 |
| &nbsp;&nbsp;Franco-Nevada Corp. | 194071 | 28467053 |
| &nbsp;&nbsp;Imperial Oil Ltd. | 7543865 | 412303080 |
| &nbsp;&nbsp;Nutrien Ltd. | 2232687 | 184844157 |
| &nbsp;&nbsp;Power Corp. of Canada | 6472619 | 175564105 |
|  |  | **946873527** |
| &nbsp;&nbsp;**Chile - 1.1%** |  |  |
| &nbsp;&nbsp;Cia Cervecerias Unidas SA, ADR (b) | 9392572 | 146618049 |
| &nbsp;&nbsp;**China - 3.1%** |  |  |
| &nbsp;&nbsp;Alibaba Group Holding Ltd.\* | 13666828 | 187900695 |
| &nbsp;&nbsp;Prosus NV\* | 2487528 | 200856102 |
|  |  | **388756797** |
| &nbsp;&nbsp;**Faroe Islands - 0.4%** |  |  |
| &nbsp;&nbsp;Bakkafrost P/F | 801656 | 49743937 |
| &nbsp;&nbsp;**France - 6.1%** |  |  |
| &nbsp;&nbsp;Danone SA | 4768985 | 261527742 |
| &nbsp;&nbsp;Laurent-Perrier (b) | 558938 | 74740883 |
| &nbsp;&nbsp;Legrand SA | 812472 | 72443329 |
| &nbsp;&nbsp;LVMH Moet Hennessy Louis Vuitton SE | 33358 | 29120715 |
| &nbsp;&nbsp;Sanofi | 1679882 | 164501564 |
| &nbsp;&nbsp;Sodexo SA | 1313872 | 130247828 |
| &nbsp;&nbsp;Wendel SE | 493657 | 52272393 |
|  |  | **784854454** |
| &nbsp;&nbsp;**Germany - 2.0%** |  |  |
| &nbsp;&nbsp;Brenntag SE | 628298 | 46901225 |
| &nbsp;&nbsp;FUCHS PETROLUB SE (Preference) | 2322615 | 92659271 |
| &nbsp;&nbsp;Henkel AG & Co. KGaA (Preference) | 1698517 | 121104802 |
|  |  | **260665298** |
| &nbsp;&nbsp;**Hong Kong - 4.7%** |  |  |
| &nbsp;&nbsp;CK Asset Holdings Ltd. | 19475000 | 124513617 |
| &nbsp;&nbsp;Great Eagle Holdings Ltd. | 22777700 | 54701643 |
| &nbsp;&nbsp;Guoco Group Ltd. | 7806340 | 71936026 |
| &nbsp;&nbsp;Hongkong Land Holdings Ltd. | 15883500 | 77650863 |
| &nbsp;&nbsp;Hysan Development Co. Ltd. | 17500405 | 58879200 |
| &nbsp;&nbsp;Jardine Matheson Holdings Ltd. | 3779100 | 200880283 |
|  |  | **588561632** |
| &nbsp;&nbsp;**Ireland - 0.5%** |  |  |
| &nbsp;&nbsp;CRH plc | 1432866 | 66947136 |
| &nbsp;&nbsp;**Japan - 15.2%** |  |  |
| &nbsp;&nbsp;As One Corp. | 1378380 | 61786343 |
| &nbsp;&nbsp;Chofu Seisakusho Co. Ltd. (b) | 1829100 | 29768991 |
| &nbsp;&nbsp;Daiichikosho Co. Ltd. (b) | 2866280 | 89122052 |
| &nbsp;&nbsp;FANUC Corp. | 1220740 | 215692180 |
| &nbsp;&nbsp;Hirose Electric Co. Ltd. | 758730 | 98774729 |
| &nbsp;&nbsp;Hoshizaki Corp. | 2554200 | 91813972 |
| &nbsp;&nbsp;Kansai Paint Co. Ltd. | 3986530 | 56142794 |
| &nbsp;&nbsp;Keyence Corp. | 74800 | 34435597 |
| &nbsp;&nbsp;Komatsu Ltd. | 3814300 | 93734363 |
| &nbsp;&nbsp;Mitsubishi Electric Corp. | 11266300 | 124163126 |
| &nbsp;&nbsp;Mitsubishi Estate Co. Ltd. | 14103550 | 181274644 |
| &nbsp;&nbsp;MS&AD Insurance Group Holdings, Inc. | 4764500 | 152815223 |
| &nbsp;&nbsp;Nagaileben Co. Ltd. | 1687224 | 25560978 |
| &nbsp;&nbsp;Nihon Kohden Corp. | 1779300 | 46743993 |
| &nbsp;&nbsp;Pilot Corp. | 477500 | 17043029 |
| &nbsp;&nbsp;Secom Co. Ltd. | 3010200 | 179335118 |
| &nbsp;&nbsp;Shimano, Inc. | 694470 | 123848639 |
| &nbsp;&nbsp;SK Kaken Co. Ltd. | 87561 | 29161213 |
| &nbsp;&nbsp;SMC Corp. | 208990 | 106148321 |
| &nbsp;&nbsp;Sompo Holdings, Inc. | 3104300 | 133636661 |
| &nbsp;&nbsp;T Hasegawa Co. Ltd. | 1906436 | 46670794 |
| &nbsp;&nbsp;USS Co. Ltd. | 560300 | 9215911 |
|  |  | **1946888671** |
| &nbsp;&nbsp;**Mexico - 2.4%** |  |  |
| &nbsp;&nbsp;Fomento Economico Mexicano SAB de CV, ADR | 2613173 | 229436589 |
| &nbsp;&nbsp;Fresnillo plc | 1426722 | 14492453 |
| &nbsp;&nbsp;Grupo Mexico SAB de CV, Series B | 6905948 | 30711032 |
| &nbsp;&nbsp;Industrias Penoles SAB de CV\* | 2246692 | 32018388 |
|  |  | **306658462** |
| &nbsp;&nbsp;**Netherlands - 2.5%** |  |  |
| &nbsp;&nbsp;HAL Trust | 631823 | 87020809 |
| &nbsp;&nbsp;Shell plc | 7707709 | 226053026 |
|  |  | **313073835** |
| &nbsp;&nbsp;**Norway - 0.8%** |  |  |
| &nbsp;&nbsp;Orkla ASA | 14555924 | 108670415 |
| &nbsp;&nbsp;**Singapore - 1.7%** |  |  |
| &nbsp;&nbsp;Haw Par Corp. Ltd. (b) | 19447213 | 145080737 |
| &nbsp;&nbsp;UOL Group Ltd. | 14128300 | 75382531 |
|  |  | **220463268** |
| &nbsp;&nbsp;**South Korea - 4.0%** |  |  |
| &nbsp;&nbsp;Fursys, Inc. (b) | 872463 | 21018152 |
| &nbsp;&nbsp;Hyundai Mobis Co. Ltd. | 505396 | 84505833 |
| &nbsp;&nbsp;KT&G Corp.\* | 2451893 | 183920209 |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;Lotte Confectionery Co. Ltd.\* | 104605 | 10204065 |
| &nbsp;&nbsp;Lotte Corp.\* | 772717 | 20367359 |
| &nbsp;&nbsp;Namyang Dairy Products Co. Ltd. | 450 | 183993 |
| &nbsp;&nbsp;Namyang Dairy Products Co. Ltd. (Preference) (b) | 10783 | 2199105 |
| &nbsp;&nbsp;NAVER Corp. | 258729 | 42981529 |
| &nbsp;&nbsp;NongShim Co. Ltd. | 203663 | 56786087 |
| &nbsp;&nbsp;Samsung Electronics Co. Ltd. (Preference) | 1863921 | 83641764 |
|  |  | **505808096** |
| &nbsp;&nbsp;**Sweden - 2.5%** |  |  |
| &nbsp;&nbsp;Industrivarden AB, Class A | 123708 | 3277068 |
| &nbsp;&nbsp;Industrivarden AB, Class C | 1572517 | 41427444 |
| &nbsp;&nbsp;Investor AB, Class A | 1982447 | 39566844 |
| &nbsp;&nbsp;Investor AB, Class B | 8384352 | 162924638 |
| &nbsp;&nbsp;L E Lundbergforetagen AB, Class B | 63109 | 2922405 |
| &nbsp;&nbsp;Svenska Handelsbanken AB, Class A | 7413243 | 77305467 |
|  |  | **327423866** |
| &nbsp;&nbsp;**Switzerland - 3.5%** |  |  |
| &nbsp;&nbsp;Cie Financiere Richemont SA (Registered) | 1949803 | 300576423 |
| &nbsp;&nbsp;Schindler Holding AG | 724861 | 154494968 |
|  |  | **455071391** |
| &nbsp;&nbsp;**Taiwan - 1.7%** |  |  |
| &nbsp;&nbsp;Taiwan Secom Co. Ltd. | 8545694 | 28660277 |
| &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., ADR | 2075542 | 192465010 |
|  |  | **221125287** |
| &nbsp;&nbsp;**Thailand - 1.0%** |  |  |
| &nbsp;&nbsp;Bangkok Bank PCL, NVDR | 21880059 | 105481255 |
| &nbsp;&nbsp;Thai Beverage PCL | 52214985 | 27890102 |
|  |  | **133371357** |
| &nbsp;&nbsp;**Turkey - 0.4%** |  |  |
| &nbsp;&nbsp;AG Anadolu Grubu Holding A/S | 9784125 | 47336038 |
| &nbsp;&nbsp;**United Kingdom - 8.9%** |  |  |
| &nbsp;&nbsp;BAE Systems plc | 13135620 | 139054363 |
| &nbsp;&nbsp;Berkeley Group Holdings plc | 2497480 | 127890192 |
| &nbsp;&nbsp;British American Tobacco plc | 7639941 | 292868149 |
| &nbsp;&nbsp;Great Portland Estates plc, REIT | 3302520 | 23187260 |
| &nbsp;&nbsp;Lloyds Banking Group plc | 200709184 | 130620702 |
| &nbsp;&nbsp;Reckitt Benckiser Group plc | 2246129 | 160061270 |
| &nbsp;&nbsp;Unilever plc | 5122575 | 260057185 |
|  |  | **1133739121** |
| &nbsp;&nbsp;**United States - 6.3%** |  |  |
| &nbsp;&nbsp;GSK plc | 3695113 | 64904803 |
| &nbsp;&nbsp;Haleon plc\* | 26953694 | 108013813 |
| &nbsp;&nbsp;Nestle SA (Registered) | 1236148 | 150821253 |
| &nbsp;&nbsp;Newmont Corp. | 2665290 | 141073800 |
| &nbsp;&nbsp;Royal Gold, Inc. | 454973 | 57795220 |
| &nbsp;&nbsp;Willis Towers Watson plc | 1119400 | 284540286 |
|  |  | **807149175** |
| **TOTAL COMMON STOCKS <br> (Cost $7,881,074,937)** |  | **10440161794** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Ounces** | **Value ($)** |
| **COMMODITIES - 10.9%** |  |  |
| &nbsp;&nbsp;Gold bullion\*<br> (Cost $663,216,747) | 724971 | 1397788020 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Principal<br> Amount ($)** | **Value ($)** |
| **FOREIGN GOVERNMENT SECURITIES - 2.2%** |  |  |  |
| &nbsp;&nbsp;**Colombia - 0.3%** |  |  |  |
| &nbsp;&nbsp;Titulos de Tesoreria |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.75%, 11/3/2027 | COP | 231789600000 | 38796930 |
| &nbsp;&nbsp;**Indonesia - 0.1%** |  |  |  |
| &nbsp;&nbsp;Republic of Indonesia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.38%, 3/15/2024 | IDR | 267431000000 | 18310014 |
| &nbsp;&nbsp;**Mexico - 0.6%** |  |  |  |
| &nbsp;&nbsp;Mex Bonos Desarr Fix Rt |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M, 8.00%, 12/7/2023 | MXN | 377210000 | 19586154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M 20, 10.00%, 12/5/2024 | MXN | 388030000 | 20653446 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M, 5.75%, 3/5/2026 | MXN | 665860000 | 32023727 |
|  |  |  | **72263327** |
| &nbsp;&nbsp;**Peru - 0.2%** |  |  |  |
| &nbsp;&nbsp;Republic of Peru |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.20%, 8/12/2026 (d) | PEN | 90458000 | 24268896 |
| &nbsp;&nbsp;**Singapore - 0.6%** |  |  |  |
| &nbsp;&nbsp;Republic of Singapore |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.25%, 11/1/2026 | SGD | 108048000 | 77561325 |
| &nbsp;&nbsp;**South Korea - 0.4%** |  |  |  |
| &nbsp;&nbsp;Republic of Korea |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.25%, 3/10/2026 | KRW | 59926230000 | 45669437 |
| **TOTAL FOREIGN GOVERNMENT SECURITIES<br> (Cost 304,851,892)** |  |  | **276869929** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 4.1%** |  |  |
| **COMMERCIAL PAPER - 3.9%** |  |  |
| &nbsp;&nbsp;Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 2/1/2023 (e) | 17803000 | 17800597 |
| &nbsp;&nbsp;CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (e) | 19986000 | 19983469 |
| &nbsp;&nbsp;Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (e)(d) | 20356000 | 20353433 |
| &nbsp;&nbsp;Export Development Canada |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.45%, 3/14/2023 (e) | 6179000 | 6145955 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.61%, 4/6/2023 (e) | 50000000 | 49580479 |
| &nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2023 (e) | 40713000 | 40707586 |
| &nbsp;&nbsp;Hydro-Quebec |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.51%, 4/12/2023 (e) | 21911000 | 21718398 |
| &nbsp;&nbsp;Kreditanstalt fuer Wiederaufbau |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.51%, 4/3/2023 (e)(d) | 12353000 | 12257966 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.69%, 5/3/2023 (e) | 28875000 | 28538141 |
| &nbsp;&nbsp;Mitsui & Co. USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/1/2023 (e) | 18506000 | 18503788 |
| &nbsp;&nbsp;NRW Bank |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.49%, 3/8/2023 (e)(d) | 3265000 | 3250451 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.54%, 3/20/2023 (e)(d) | 50000000 | 49699467 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.54%, 3/21/2023 (e) | 25000000 | 24846467 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 4/21/2023 (e)(d) | 35196000 | 34833637 |
| &nbsp;&nbsp;Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.66%, 2/14/2023 (e) | 20000000 | 19963367 |
| &nbsp;&nbsp;PSP Capital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.42%, 3/6/2023 (e)(d) | 17647000 | 17571783 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.70%, 5/2/2023 (e)(d) | 30278000 | 29922720 |
| &nbsp;&nbsp;Svensk Exportkredit AB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.55%, 4/6/2023 (e) | 6556000 | 6502294 |
| &nbsp;&nbsp;Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 2/1/2023 (e)(d) | 61440000 | 61432083 |
| **TOTAL COMMERCIAL PAPER<br> (Cost $483,686,239)** |  | **483612081** |
| **U.S. TREASURY OBLIGATIONS - 0.2%** |  |  |
| &nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 3/2/2023 (e)(f) | 10000000 | 9964414 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.58%, 4/27/2023 (e) | 10000000 | 9893821 |
| **TOTAL U.S. TREASURY OBLIGATIONS<br> (Cost $19,858,765)** |  | **19858235** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **INVESTMENT COMPANIES - 0.0% (g)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (h) <br> (Cost $70,420) | 70420 | 70420 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $503,615,424)** |  | **503540736** |
| **Total Investments - 98.7%<br> (Cost $9,352,759,000)** |  | **12618360479** |
| **Other assets less liabilities - 1.3%** |  | **170174555** |
| **Net Assets - 100.0%** |  | **12788535034** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Value determined using significant unobservable inputs. |
| (a) | Security fair valued as of January 31, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $15,197,108, which represents approximately 0.12% of net assets of the Fund. |
| (b) | Affiliated company as defined under the Investment Company Act of 1940. |
| (c) | Represents a security that is subject to legal or contractual restrictions on resale. |

---

---

| | | | |
|:---|:---|:---|:---|
| Restricted Securities | Acquisition Date | Cost | Carrying Value<br> Per<br> Share/Principal |
| Legris Industries SE | &nbsp;&nbsp;04/30/04 | $23433066 | $16.79 |

---

(d) Securities exempt from registration under Rule 144A
 or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2023 amounted to $253,590,436,
 which represents approximately 1.98% of net assets of the Fund.

(e) The rate shown was the current yield as of January
 31, 2023.

(f) All or a portion of this security is pledged with the
 custodian for current or potential holdings of forward foreign currency exchange contracts.

(g) Represents less than 0.05% of net assets.

(h) Represents 7-day effective yield as of January 31,
 2023.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

**Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement<br> Date** | **Unrealized<br> Appreciation<br> (Depreciation) ($)** |
| USD | 52707969 | EUR | 50634000 | UBS AG | 2/15/2023 | (2385467) |
| USD | 52833541 | EUR | 50634000 | Bank of New York Mellon | 3/15/2023 | (2353680) |
| USD | 51030957 | EUR | 47993000 | Goldman Sachs | 4/19/2023 | (1390108) |
| USD | 33289654 | GBP | 27219000 | Goldman Sachs | 4/19/2023 | (322331) |
| USD | 49509120 | EUR | 45792000 | JPMorgan Chase Bank | 5/17/2023 | (582649) |
| USD | 39340925 | GBP | 32396000 | JPMorgan Chase Bank | 5/17/2023 | (685037) |
| **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** |  | (7719272) |

---

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| ADR | American Depositary Receipt |
| COP | Colombian Peso |
| EUR | Euro |
| Fix Rt | Fixed Rate |
| GBP | British Pound |
| IDR | Indonesian Rupiah |
| KRW | Korea (Rep.) Won |
| MXN | Mexican Peso |
| NVDR | Non-Voting Depositary Receipt |
| PEN | Peruvian Sol |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. |
| REIT | Real Estate Investment Trust |
| SGD | Singapore Dollar |
| USD | United States Dollar |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Aerospace & Defense | 1.1% |
| Auto Components | 0.7 |
| Banks | 3.1 |
| Beverages | 5.2 |
| Chemicals | 3.2 |
| Commercial Services & Supplies | 1.9 |
| Commodities | 10.9 |
| Construction Materials | 0.5 |
| Diversified Financial Services | 5 |
| Electrical Equipment | 1.5 |
| Electronic Equipment, Instruments & Components | 1 |
| Entertainment | 0.7 |
| Equity Real Estate Investment Trusts (REITs) | 0.2 |
| Food Products | 5 |
| Foreign Government Securities | 2.2 |
| Health Care Equipment & Supplies | 0.6 |
| Health Care Providers & Services | 0.5 |
| Hotels, Restaurants & Leisure | 1 |
| Household Durables | 1.2 |
| Household Products | 2.2 |
| Industrial Conglomerates | 2.7 |
| Insurance | 5.8 |
| Interactive Media & Services | 0.3 |
| Internet & Direct Marketing Retail | 3.1 |
| Leisure Products | 1 |
| Machinery | 5.3 |
| Metals & Mining | 4.6 |
| Oil, Gas & Consumable Fuels | 5 |
| Personal Products | 2.8 |
| Pharmaceuticals | 2.9 |
| Real Estate Management & Development | 4.5 |
| Semiconductors & Semiconductor Equipment | 1.5 |
| Specialty Retail | 0.1 |
| Technology Hardware, Storage & Peripherals | 0.7 |
| Textiles, Apparel & Luxury Goods | 2.5 |
| Tobacco | 3.7 |
| Trading Companies & Distributors | 0.4 |
| Short-Term Investments | 4.1 |
| **Total Investments** | **98.7%** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

**Affiliated Securities**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Shares at <br> January 31,<br> 2023** | **Market <br> Value<br> October 31,<br> 2022** | **Purchases at<br> Cost** | **Proceeds from<br> Sales** | **Net<br> Realized<br> Gain<br> (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> (Depreciation)** | **Market<br> Value<br> January 31,<br> 2023** | **Dividend<br> Income** |
| **Common Stocks — 4.1%** |  |  |  |  |  |  |  |  |
| **Belgium — 0.1%** |  |  |  |  |  |  |  |  |
| Legris Industries SE\*‡ (a)(b) | 905366 | $14924062 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $273046 | $15197108 | $– |
| **Chile — 1.1%** |  |  |  |  |  |  |  |  |
| Cia Cervecerias Unidas SA ADR | 9392572 | 101533703 | – | – | – | 45084346 | 146618049 | 2211543 |
| **France — 0.6%** |  |  |  |  |  |  |  |  |
| Laurent-Perrier | 558938 | 54469274 | – | – | – | 20271609 | 74740883 | – |
| **Japan — 0.9%** |  |  |  |  |  |  |  |  |
| Chofu Seisakusho Co. Ltd. | 1829100 | 24979077 |  |  |  | 4789914 | 29768991 | 222801 |
| Daiichikosho Co. Ltd. | 2866280 | 82184041 | – | – | – | 6938011 | 89122052 | – |
|  |  | **107163118** | **–** | **–** | **–** | **11727925** | **118891043** | **222801** |
| **Singapore — 1.2%** |  |  |  |  |  |  |  |  |
| Haw Par Corp. Ltd. | 19447213 | 129829745 | – | – | – | 15250992 | 145080737 | – |
| **South Korea — 0.2%** |  |  |  |  |  |  |  |  |
| Fursys, Inc. | 872463 | 16775972 |  |  |  | 4242180 | 21018152 | 632434 |
| Namyang Dairy Products Co. Ltd. (Preference) | 10783 | 2237746 | – | (1005812) | 939253 | 27918 | 2199105 | 10871 |
|  |  | **19013718** | **–** | **(1005812)** | **939253** | **4270098** | **23217257** | **643305** |
| **Total Common Stocks** |  | **426933620** | **–** | **(1005812)** | **939253** | **96878016** | **523745077** | **3077649** |
| **Total** |  | $**426933620** | $**–** | $**(1005812)** | $**939253** | $**96878016** | $**523745077** | $**3077649** |

---

\* Non-income producing security.

‡ Value determined using significant unobservable inputs.

(a) Security fair valued as of January 31, 2023 in accordance
with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $15,197,108, which
represents approximately 0.12% of net assets of the Fund.

(b) Represents a security that is subject to legal or contractual
restrictions on resale.

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 74.4%** |  |  |
| &nbsp;&nbsp;**Aerospace & Defense - 1.1%** |  |  |
| &nbsp;&nbsp;Aerojet Rocketdyne Holdings, Inc.\* | 240464 | 13446747 |
| &nbsp;&nbsp;**Air Freight & Logistics - 3.5%** |  |  |
| &nbsp;&nbsp;CH Robinson Worldwide, Inc. | 330334 | 33089557 |
| &nbsp;&nbsp;Expeditors International of Washington, Inc. | 94942 | 10267977 |
|  |  | **43357534** |
| &nbsp;&nbsp;**Banks - 2.3%** |  |  |
| &nbsp;&nbsp;US Bancorp | 345798 | 17220740 |
| &nbsp;&nbsp;Wells Fargo & Co. | 235971 | 11059961 |
|  |  | **28280701** |
| &nbsp;&nbsp;**Capital Markets - 3.5%** |  |  |
| &nbsp;&nbsp;Bank of New York Mellon Corp. (The) | 602359 | 30461295 |
| &nbsp;&nbsp;Charles Schwab Corp. (The) | 153075 | 11851066 |
|  |  | **42312361** |
| &nbsp;&nbsp;**Chemicals - 1.5%** |  |  |
| &nbsp;&nbsp;Nutrien Ltd. (Canada) | 158929 | 13157732 |
| &nbsp;&nbsp;PPG Industries, Inc. | 37210 | 4849951 |
| &nbsp;&nbsp;RPM International, Inc. | 6621 | 595294 |
|  |  | **18602977** |
| &nbsp;&nbsp;**Consumer Finance - 1.2%** |  |  |
| &nbsp;&nbsp;American Express Co. | 82555 | 14441346 |
| &nbsp;&nbsp;**Diversified Financial Services - 1.5%** |  |  |
| &nbsp;&nbsp;Berkshire Hathaway, Inc., Class A\* | 38 | 17973996 |
| &nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 1.6%** |  |  |
| &nbsp;&nbsp;IPG Photonics Corp.\* | 172551 | 19342967 |
| &nbsp;&nbsp;**Energy Equipment & Services - 4.2%** |  |  |
| &nbsp;&nbsp;NOV, Inc. | 999361 | 24424383 |
| &nbsp;&nbsp;Schlumberger Ltd. | 471530 | 26867779 |
|  |  | **51292162** |
| &nbsp;&nbsp;**Equity Real Estate Investment Trusts (REITs) - 3.5%** |  |  |
| &nbsp;&nbsp;Boston Properties, Inc. | 104410 | 7782721 |
| &nbsp;&nbsp;Douglas Emmett, Inc. | 344416 | 5768968 |
| &nbsp;&nbsp;Equity Residential | 241230 | 15354290 |
| &nbsp;&nbsp;Weyerhaeuser Co. | 401701 | 13830565 |
|  |  | **42736544** |
| &nbsp;&nbsp;**Food & Staples Retailing - 0.7%** |  |  |
| &nbsp;&nbsp;Walmart, Inc. | 58370 | 8397692 |
| &nbsp;&nbsp;**Food Products - 0.7%** |  |  |
| &nbsp;&nbsp;Kraft Heinz Co. (The) | 206681 | 8376781 |
| &nbsp;&nbsp;**Gas Utilities - 0.8%** |  |  |
| &nbsp;&nbsp;UGI Corp. | 242612 | 9663236 |
| &nbsp;&nbsp;**Health Care Equipment & Supplies - 2.4%** |  |  |
| &nbsp;&nbsp;Becton Dickinson & Co. | 44564 | 11239932 |
| &nbsp;&nbsp;Dentsply Sirona, Inc. | 350379 | 12904459 |
| &nbsp;&nbsp;Medtronic plc | 57220 | 4788742 |
|  |  | **28933133** |
| &nbsp;&nbsp;**Health Care Providers & Services - 7.9%** |  |  |
| &nbsp;&nbsp;Elevance Health, Inc. | 63028 | 31513370 |
| &nbsp;&nbsp;HCA Healthcare, Inc. | 157427 | 40154905 |
| &nbsp;&nbsp;Universal Health Services, Inc., Class B | 170425 | 25258689 |
|  |  | **96926964** |
| &nbsp;&nbsp;**Household Durables - 0.3%** |  |  |
| &nbsp;&nbsp;DR Horton, Inc. | 40545 | 4001386 |
| &nbsp;&nbsp;**Household Products - 2.3%** |  |  |
| &nbsp;&nbsp;Colgate-Palmolive Co. | 376279 | 28044074 |
| &nbsp;&nbsp;**Insurance - 3.8%** |  |  |
| &nbsp;&nbsp;Brown & Brown, Inc. | 197669 | 11575497 |
| &nbsp;&nbsp;Fidelity National Financial, Inc. | 45593 | 2007460 |
| &nbsp;&nbsp;Travelers Cos., Inc. (The) | 47615 | 9100179 |
| &nbsp;&nbsp;W.R. Berkley Corp. | 88177 | 6184735 |
| &nbsp;&nbsp;Willis Towers Watson plc | 67171 | 17074196 |
|  |  | **45942067** |
| &nbsp;&nbsp;**Interactive Media & Services - 4.8%** |  |  |
| &nbsp;&nbsp;Alphabet, Inc., Class A\* | 145960 | 14426687 |
| &nbsp;&nbsp;Alphabet, Inc., Class C\* | 167497 | 16727925 |
| &nbsp;&nbsp;Meta Platforms, Inc., Class A\* | 181732 | 27072616 |
|  |  | **58227228** |
| &nbsp;&nbsp;**IT Services - 0.4%** |  |  |
| &nbsp;&nbsp;Fidelity National Information Services, Inc. | 63699 | 4779973 |
| &nbsp;&nbsp;**Machinery - 3.3%** |  |  |
| &nbsp;&nbsp;Cummins, Inc. | 73903 | 18441755 |
| &nbsp;&nbsp;Deere & Co. | 20543 | 8686402 |
| &nbsp;&nbsp;Flowserve Corp. | 378708 | 13035129 |
|  |  | **40163286** |
| &nbsp;&nbsp;**Media - 3.0%** |  |  |
| &nbsp;&nbsp;Comcast Corp., Class A | 920308 | 36214120 |
| &nbsp;&nbsp;**Metals & Mining - 3.3%** |  |  |
| &nbsp;&nbsp;Agnico Eagle Mines Ltd. (Canada) | 82024 | 4632132 |
| &nbsp;&nbsp;Barrick Gold Corp. (Canada) | 522110 | 10207251 |
| &nbsp;&nbsp;Franco-Nevada Corp. (Canada) | 21527 | 3157660 |
| &nbsp;&nbsp;Newcrest Mining Ltd. (Australia) | 236346 | 3755328 |
| &nbsp;&nbsp;Newmont Corp. | 252516 | 13365672 |
| &nbsp;&nbsp;Royal Gold, Inc. | 38764 | 4924191 |
|  |  | **40042234** |
| &nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 3.0%** |  |  |
| &nbsp;&nbsp;Exxon Mobil Corp. | 317531 | 36836771 |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;**Road & Rail - 0.4%** |  |  |
| &nbsp;&nbsp;Union Pacific Corp. | 24414 | 4985095 |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 3.5%** |  |  |
| &nbsp;&nbsp;Analog Devices, Inc. | 126112 | 21624424 |
| &nbsp;&nbsp;Texas Instruments, Inc. | 119213 | 21125736 |
|  |  | **42750160** |
| &nbsp;&nbsp;**Software - 5.7%** |  |  |
| &nbsp;&nbsp;Microsoft Corp. | 89751 | 22241196 |
| &nbsp;&nbsp;Oracle Corp. | 425031 | 37598242 |
| &nbsp;&nbsp;Salesforce, Inc.\* | 61730 | 10368788 |
|  |  | **70208226** |
| &nbsp;&nbsp;**Specialty Retail - 1.0%** |  |  |
| &nbsp;&nbsp;Ross Stores, Inc. | 100220 | 11845002 |
| &nbsp;&nbsp;**Tobacco - 3.2%** |  |  |
| &nbsp;&nbsp;Philip Morris International, Inc. | 372296 | 38808135 |
| **TOTAL COMMON STOCKS <br> (Cost $519,462,536)** |  | **906932898** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Ounces** | **Value ($)** |
| **COMMODITIES - 11.4%** |  |  |
| &nbsp;&nbsp;Gold bullion\* <br> (Cost $78,780,492) | 72529 | 139839718 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **MASTER LIMITED PARTNERSHIPS - 2.8%** |  |  |
| &nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 2.8%** |  |  |
| &nbsp;&nbsp;Enterprise Products Partners LP | 623041 | 15949849 |
| &nbsp;&nbsp;Magellan Midstream Partners LP | 337252 | 18009257 |
| **TOTAL MASTER LIMITED PARTNERSHIPS <br> (Cost $28,023,469)** |  | **33959106** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **CONVERTIBLE PREFERRED STOCKS - 0.4%** |  |  |
| &nbsp;&nbsp;**Banks - 0.4%** |  |  |
| &nbsp;&nbsp;Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series L, 7.25%, (a) <br> (Cost $5,693,463) | 4250 | 5287850 |
| **CORPORATE BONDS - 0.4%** |  |  |
| &nbsp;&nbsp;**Diversified Financial Services - 0.3%** |  |  |
| &nbsp;&nbsp;Mexico Remittances Funding Fiduciary Estate Management Sarl (Mexico) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 1/15/2028‡ (b) | 4132000 | 3812193 |
| &nbsp;&nbsp;**Food Products - 0.1%** |  |  |
| &nbsp;&nbsp;Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 3/1/2027 (b) | 666000 | 656063 |
| &nbsp;&nbsp;**Health Care Equipment & Supplies - 0.0% (c)** |  |  |
| &nbsp;&nbsp;Bausch & Lomb, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.13%, 8/1/2028‡ | 600000 | 544500 |
| **TOTAL CORPORATE BONDS <br> (Cost $4,697,005)** |  | **5012756** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 10.6%** |  |  |
| **COMMERCIAL PAPER - 9.8%** |  |  |
| &nbsp;&nbsp;Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 2/1/2023 (d) | 3936000 | 3935469 |
| &nbsp;&nbsp;CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (d) | 4419000 | 4418440 |
| &nbsp;&nbsp;Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (b)(d) | 4501000 | 4500432 |
| &nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2023 (d) | 9002000 | 9000803 |
| &nbsp;&nbsp;Intel Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.46%, 3/1/2023 (b)(d) | 10000000 | 9963605 |
| &nbsp;&nbsp;Johnson & Johnson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 3/15/2023 (b)(d) | 10000000 | 9945904 |
| &nbsp;&nbsp;MetLife Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 2/16/2023 (d) | 15000000 | 14970160 |
| &nbsp;&nbsp;Mitsui & Co. USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/1/2023 (d) | 4092000 | 4091511 |
| &nbsp;&nbsp;Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.97%, 3/13/2023 (b)(d) | 10000000 | 9945629 |
| &nbsp;&nbsp;Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.71%, 5/8/2023 (b)(d) | 10000000 | 9875086 |
| &nbsp;&nbsp;Roche Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.67%, 4/21/2023 (b)(d) | 10000000 | 9897556 |
| &nbsp;&nbsp;Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 2/1/2023 (b)(d) | 13585000 | 13583249 |
| &nbsp;&nbsp;Walt Disney Co. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.71%, 3/15/2023 (b)(d) | 15000000 | 14916311 |
| **TOTAL COMMERCIAL PAPER<br> (Cost $119,062,808)** |  | **119044155** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **INVESTMENT COMPANIES - 0.0% (c)** |  |  |
| &nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (e) |  |  |
| &nbsp;&nbsp; (Cost $14,346) | 14346 | 14346 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **U.S. TREASURY OBLIGATIONS - 0.8%** |  |  |
| &nbsp;&nbsp;U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.30%, 3/2/2023 (d) <br> (Cost $9,965,724) | 10000000 | 9964415 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $129,042,878)** |  | **129022916** |
| **Total Investments - 100.0%<br> (Cost $765,699,843)** |  | **1220055244** |
| **Liabilities in excess of other assets - 0.0% (c)** |  | **(519337)** |
| **Net Assets - 100.0%** |  | **1219535907** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Value determined using significant unobservable inputs. |
| (a) | Perpetual security. The rate reflected was the rate in effect on January 31, 2023. The maturity date reflects the next call date. |
| (b) | Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2023 amounted to $87,096,028, which represents approximately 7.14% of net assets of the Fund. |
| (c) | Represents less than 0.05% of net assets. |
| (d) | The rate shown was the current yield as of January 31, 2023. |
| (e) | Represents 7-day effective yield as of January 31, 2023. |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Aerospace & Defense | 1.1% |
| Air Freight & Logistics | 3.6 |
| Banks | 2.7 |
| Capital Markets | 3.5 |
| Chemicals | 1.5 |
| Commodities | 11.4 |
| Consumer Finance | 1.2 |
| Diversified Financial Services | 1.8 |
| Electronic Equipment, Instruments & Components | 1.6 |
| Energy Equipment & Services | 4.2 |
| Equity Real Estate Investment Trusts (REITs) | 3.5 |
| Food & Staples Retailing | 0.7 |
| Food Products | 0.7 |
| Gas Utilities | 0.8 |
| Health Care Equipment & Supplies | 2.4 |
| Health Care Providers & Services | 7.9 |
| Household Durables | 0.3 |
| Household Products | 2.3 |
| Insurance | 3.8 |
| Interactive Media & Services | 4.8 |
| IT Services | 0.4 |
| Machinery | 3.3 |
| Media | 3 |
| Metals & Mining | 3.3 |
| Oil, Gas & Consumable Fuels | 5.8 |
| Road & Rail | 0.4 |
| Semiconductors & Semiconductor Equipment | 3.5 |
| Software | 5.7 |
| Specialty Retail | 1 |
| Tobacco | 3.2 |
| Short-Term Investments | 10.6 |
| **Total Investments** | **100.0%** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 79.2%** | |  |  |
|  | |  |  |
| &nbsp;&nbsp;**Australia - 8.1%** | |  |  |
| &nbsp;&nbsp;AngloGold Ashanti Ltd., ADR | | 2677961 | 56290740 |
| &nbsp;&nbsp;Newcrest Mining Ltd. | | 7025248 | 111624963 |
| &nbsp;&nbsp;Northern Star Resources Ltd. | | 2042973 | 18203972 |
|  | |  | **186119675** |
| &nbsp;&nbsp;**Brazil - 12.5%** | |  |  |
| &nbsp;&nbsp;Wheaton Precious Metals Corp. | | 6340844 | 290030205 |
|  | |  |  |
| &nbsp;&nbsp;**Canada - 40.3%** | |  |  |
| &nbsp;&nbsp;Agnico Eagle Mines Ltd. | | 1939024 | 109502284 |
| &nbsp;&nbsp;Alamos Gold, Inc., Class A | | 10094202 | 111369648 |
| &nbsp;&nbsp;B2Gold Corp. | | 27617461 | 109386359 |
| &nbsp;&nbsp;Barrick Gold Corp. | | 9080585 | 177525437 |
| &nbsp;&nbsp;Dundee Precious Metals, Inc. (a) | | 14240008 | 93003397 |
| &nbsp;&nbsp;Franco-Nevada Corp. | | 701323 | 102872654 |
| &nbsp;&nbsp;Kinross Gold Corp. | | 4330528 | 20093650 |
| &nbsp;&nbsp;MAG Silver Corp.\* | | 4897100 | 67242882 |
| &nbsp;&nbsp;Novagold Resources, Inc.\* (a) | | 17740710 | 111943880 |
| &nbsp;&nbsp;Orla Mining Ltd.\* | | 6508741 | 28078744 |
|  | |  | **931018935** |
| &nbsp;&nbsp;**Mexico - 2.7%** | |  |  |
| &nbsp;&nbsp;Fresnillo plc | | 4277558 | 43450868 |
| &nbsp;&nbsp;Industrias Penoles SAB de CV\* | | 1403600 | 20003191 |
|  | |  | **63454059** |
| &nbsp;&nbsp;**United States - 15.6%** | |  |  |
| &nbsp;&nbsp;Newmont Corp. | | 4699082 | 248722410 |
| &nbsp;&nbsp;Royal Gold, Inc. | | 879006 | 111660132 |
|  | |  | **360382542** |
| **TOTAL COMMON STOCKS <br> (Cost $1,187,787,617)** | |  | **1831005416** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Ounces** | **Value ($)** |
| **COMMODITIES - 17.8%** |  |  |
| &nbsp;&nbsp;Gold bullion\* | 156473 | 301689764 |
| &nbsp;&nbsp;Silver bullion\* | 4596472 | 109081165 |
| **TOTAL COMMODITIES <br> (Cost $228,806,160)** |  | **410770929** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Number of<br> Rights** | **Value ($)** |
| **RIGHTS - 0.2%** |  |  |
| &nbsp;&nbsp;**Canada - 0.2%** |  |  |
| &nbsp;&nbsp;Pan American Silver Corp., CVR, expiring 2/22/2029\*<br> (Cost $45,973,716) | 6835667 | 4340649 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 1.9%** |  |  |
| **COMMERCIAL PAPER - 1.9%** |  |  |
| &nbsp;&nbsp;Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 2/1/2023 (b) | 4389000 | 4388408 |
| &nbsp;&nbsp;CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (b) | 4927000 | 4926376 |
| &nbsp;&nbsp;Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (b)(c) | 5018000 | 5017367 |
| &nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2023 (b) | 10037000 | 10035665 |
| &nbsp;&nbsp;Mitsui & Co. USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/1/2023 (b) | 4562000 | 4561455 |
| &nbsp;&nbsp;Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 2/1/2023 (b)(c) | 15146000 | 15144048 |
| **TOTAL COMMERCIAL PAPER<br> (Cost $44,079,000)** |  | **44073319** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **INVESTMENT COMPANIES - 0.0% (d)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (e) <br> (Cost $51,714) | 51714 | 51714 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $44,130,714)** |  | **44125033** |
| **Total Investments - 99.1%<br> (Cost $1,506,698,207)** |  | **2290242027** |
| **Other assets less liabilities - 0.9%** |  | **20732803** |
| **Net Assets - 100.0%** |  | **2310974830** |

---

\* Non-income producing security.

(a) Affiliated company as defined under the Investment Company Act of 1940.

(b) The rate shown was the current yield as of January 31, 2023.

(c) Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2023 amounted to $20,161,415, which represents approximately 0.87% of net assets of the Fund.

(d) Represents less than 0.05% of net assets.

(e) Represents 7-day effective yield as of January 31, 2023.

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| ADR | American Depositary Receipt |
| CVR | Contingent Value Rights |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Commodities | 17.8% |
| Metals & Mining | 79.4 |
| Short-Term Investments | 1.9 |
| **Total Investments** | **99.1%** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

**Affiliated Securities**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Description** | **Shares at<br> January 31,<br> 2023** | **Market Value<br> October 31,<br> 2022** | **Purchases<br> at Cost** | **Proceeds<br> from Sales** | **Net Realized<br> Gain (Loss)** | **Change in<br> Unrealized<br> Appreciation/<br> (Depreciation)** | **Market Value<br> January 31,<br> 2023** | **Dividend<br> Income** |
| **Common Stock — 8.9%** |  |  |  |  |  |  |  |  |
| **Canada — 8.9%** |  |  |  |  |  |  |  |  |
| Dundee Precious Metals, Inc. | 14240008 | $62596607 | $2015396 | $- | $- | $28391394 | $93003397 | $436828 |
| Novagold Resources, Inc.\* | 17740710 | 83460385 | - | (1813442) | (1319109) | 31616046 | 111943880 | - |
| **Total Common Stock** |  | $**146056992** | $**2015396** | $**(1813442)** | $**(1319109)** | $**60007440** | $**204947277** | $**436828** |
| **Total** |  | $**146056992** | $**2015396** | $**(1813442)** | $**(1319109)** | $**60007440** | $**204947277** | $**436828** |

---

\* Non-income producing security.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 63.7%** |  |  |
| &nbsp;&nbsp;**Belgium - 1.6%** |  |  |
| &nbsp;&nbsp;Groupe Bruxelles Lambert NV | 311546 | 26651262 |
| &nbsp;&nbsp;**Brazil - 1.9%** |  |  |
| &nbsp;&nbsp;Ambev SA, ADR | 5387074 | 14329617 |
| &nbsp;&nbsp;Itausa SA (Preference) | 3990855 | 6706064 |
| &nbsp;&nbsp;Wheaton Precious Metals Corp. | 235189 | 10757545 |
|  |  | **31793226** |
| &nbsp;&nbsp;**Canada - 3.3%** |  |  |
| &nbsp;&nbsp;Agnico Eagle Mines Ltd. | 16806 | 949083 |
| &nbsp;&nbsp;Barrick Gold Corp. | 90496 | 1769197 |
| &nbsp;&nbsp;Franco-Nevada Corp. | 42649 | 6255913 |
| &nbsp;&nbsp;Franco-Nevada Corp. | 32962 | 4835525 |
| &nbsp;&nbsp;Imperial Oil Ltd. | 254278 | 13897333 |
| &nbsp;&nbsp;Nutrien Ltd. | 28543 | 2363075 |
| &nbsp;&nbsp;Power Corp. of Canada | 916038 | 24846726 |
|  |  | **54916852** |
| &nbsp;&nbsp;**Chile - 1.5%** |  |  |
| &nbsp;&nbsp;Cia Cervecerias Unidas SA, ADR | 1180964 | 18434848 |
| &nbsp;&nbsp;Quinenco SA | 2083758 | 7249857 |
|  |  | **25684705** |
| &nbsp;&nbsp;**France - 2.9%** |  |  |
| &nbsp;&nbsp;Danone SA | 366854 | 20118012 |
| &nbsp;&nbsp;Sanofi | 151208 | 14806964 |
| &nbsp;&nbsp;Sodexo SA | 102398 | 10151002 |
| &nbsp;&nbsp;Wendel SE | 26895 | 2847860 |
|  |  | **47923838** |
| &nbsp;&nbsp;**Germany - 1.7%** |  |  |
| &nbsp;&nbsp;Brenntag SE | 70045 | 5228723 |
| &nbsp;&nbsp;FUCHS PETROLUB SE (Preference) | 319659 | 12752596 |
| &nbsp;&nbsp;Henkel AG & Co. KGaA (Preference) | 149355 | 10649059 |
|  |  | **28630378** |
| &nbsp;&nbsp;**Hong Kong - 4.1%** |  |  |
| &nbsp;&nbsp;CK Asset Holdings Ltd. | 2333500 | 14919257 |
| &nbsp;&nbsp;Great Eagle Holdings Ltd. | 1662774 | 3993224 |
| &nbsp;&nbsp;Guoco Group Ltd. | 167700 | 1545368 |
| &nbsp;&nbsp;Hongkong Land Holdings Ltd. | 2123300 | 10380337 |
| &nbsp;&nbsp;Hysan Development Co. Ltd. | 1193083 | 4014066 |
| &nbsp;&nbsp;Jardine Matheson Holdings Ltd. | 601900 | 31994348 |
| &nbsp;&nbsp;Mandarin Oriental International Ltd.\* | 1047200 | 1972144 |
|  |  | **68818744** |
| &nbsp;&nbsp;**Japan - 3.0%** |  |  |
| &nbsp;&nbsp;Daiwa Industries Ltd. | 269700 | 2511174 |
| &nbsp;&nbsp;FANUC Corp. | 36200 | 6396167 |
| &nbsp;&nbsp;Komatsu Ltd. | 203200 | 4993530 |
| &nbsp;&nbsp;Mitsubishi Electric Corp. | 76200 | 839782 |
| &nbsp;&nbsp;MS&AD Insurance Group Holdings, Inc. | 264800 | 8493120 |
| &nbsp;&nbsp;Nagaileben Co. Ltd. | 10000 | 151497 |
| &nbsp;&nbsp;Nohmi Bosai Ltd. | 23300 | 308956 |
| &nbsp;&nbsp;Secom Co. Ltd. | 227800 | 13571371 |
| &nbsp;&nbsp;Shimano, Inc. | 24700 | 4404886 |
| &nbsp;&nbsp;Sompo Holdings, Inc. | 123400 | 5312233 |
| &nbsp;&nbsp;USS Co. Ltd. | 214900 | 3534712 |
|  |  | **50517428** |
| &nbsp;&nbsp;**Mexico - 2.6%** |  |  |
| &nbsp;&nbsp;Bolsa Mexicana de Valores SAB de CV | 403523 | 875169 |
| &nbsp;&nbsp;Coca-Cola Femsa SAB de CV, ADR (a) | 229375 | 17473787 |
| &nbsp;&nbsp;Fomento Economico Mexicano SAB de CV, ADR | 167196 | 14679809 |
| &nbsp;&nbsp;Fresnillo plc | 178369 | 1811849 |
| &nbsp;&nbsp;GMexico Transportes SAB de CV (b) | 359128 | 778122 |
| &nbsp;&nbsp;Grupo Mexico SAB de CV, Series B | 1669959 | 7426376 |
|  |  | **43045112** |
| &nbsp;&nbsp;**Netherlands - 0.3%** |  |  |
| &nbsp;&nbsp;HAL Trust | 39727 | 5471589 |
| &nbsp;&nbsp;**Norway - 0.9%** |  |  |
| &nbsp;&nbsp;Orkla ASA | 2098631 | 15667786 |
| &nbsp;&nbsp;**Singapore - 1.0%** |  |  |
| &nbsp;&nbsp;Haw Par Corp. Ltd. | 937200 | 6991730 |
| &nbsp;&nbsp;United Overseas Bank Ltd. | 255500 | 5807678 |
| &nbsp;&nbsp;UOL Group Ltd. | 764200 | 4077443 |
|  |  | **16876851** |
| &nbsp;&nbsp;**South Korea - 2.3%** |  |  |
| &nbsp;&nbsp;KT&G Corp.\* | 404136 | 30314854 |
| &nbsp;&nbsp;Samsung Electronics Co. Ltd. (Preference) | 157978 | 7089119 |
|  |  | **37403973** |
| &nbsp;&nbsp;**Sweden - 2.0%** |  |  |
| &nbsp;&nbsp;Industrivarden AB, Class A | 10611 | 281089 |
| &nbsp;&nbsp;Industrivarden AB, Class C | 436104 | 11489017 |
| &nbsp;&nbsp;Investor AB, Class A | 639643 | 12766372 |
| &nbsp;&nbsp;Svenska Handelsbanken AB, Class A | 831749 | 8673497 |
|  |  | **33209975** |
| &nbsp;&nbsp;**Switzerland - 2.1%** |  |  |
| &nbsp;&nbsp;Cie Financiere Richemont SA (Registered) | 144172 | 22225170 |
| &nbsp;&nbsp;Schindler Holding AG | 61668 | 13143756 |
|  |  | **35368926** |
| &nbsp;&nbsp;**Taiwan - 0.3%** |  |  |
| &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., ADR (a) | 47844 | 4436574 |
| &nbsp;&nbsp;**Thailand - 0.8%** |  |  |
| &nbsp;&nbsp;Bangkok Bank PCL, NVDR | 1644800 | 7929392 |
| &nbsp;&nbsp;Thai Beverage PCL | 10785200 | 5760805 |
|  |  | **13690197** |
| &nbsp;&nbsp;**United Kingdom - 7.2%** |  |  |
| &nbsp;&nbsp;BAE Systems plc | 807624 | 8549550 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;Berkeley Group Holdings plc | 222665 | 11402161 |
| &nbsp;&nbsp;British American Tobacco plc | 989342 | 37925262 |
| &nbsp;&nbsp;Linde plc | 6853 | 2267932 |
| &nbsp;&nbsp;Lloyds Banking Group plc | 9591729 | 6242257 |
| &nbsp;&nbsp;Reckitt Benckiser Group plc | 120054 | 8555161 |
| &nbsp;&nbsp;Unilever plc | 871901 | 44263699 |
|  |  | **119206022** |
| &nbsp;&nbsp;**United States - 24.2%** |  |  |
| &nbsp;&nbsp;Analog Devices, Inc. (a) | 37082 | 6358450 |
| &nbsp;&nbsp;Bank of New York Mellon Corp. (The) (a) | 336334 | 17008410 |
| &nbsp;&nbsp;Becton Dickinson & Co. | 32527 | 8203960 |
| &nbsp;&nbsp;Boston Properties, Inc., REIT (a) | 116979 | 8719615 |
| &nbsp;&nbsp;CH Robinson Worldwide, Inc. (a) | 107646 | 10782900 |
| &nbsp;&nbsp;Colgate-Palmolive Co. (a) | 283242 | 21110026 |
| &nbsp;&nbsp;Comcast Corp., Class A (a) | 522212 | 20549042 |
| &nbsp;&nbsp;Douglas Emmett, Inc., REIT | 331773 | 5557198 |
| &nbsp;&nbsp;Elevance Health, Inc. (a) | 15305 | 7652347 |
| &nbsp;&nbsp;Equity Residential, REIT | 282147 | 17958657 |
| &nbsp;&nbsp;Exxon Mobil Corp. (a) | 434620 | 50420266 |
| &nbsp;&nbsp;Fidelity National Financial, Inc. | 15685 | 690611 |
| &nbsp;&nbsp;Fidelity National Information Services, Inc. (a) | 58474 | 4387889 |
| &nbsp;&nbsp;General Dynamics Corp. | 7297 | 1700639 |
| &nbsp;&nbsp;GSK plc | 403994 | 7096170 |
| &nbsp;&nbsp;Haleon plc\* | 3403644 | 13639710 |
| &nbsp;&nbsp;HCA Healthcare, Inc. (a) | 86699 | 22114314 |
| &nbsp;&nbsp;IDACORP, Inc. (a) | 45166 | 4779014 |
| &nbsp;&nbsp;Kraft Heinz Co. (The) (a) | 148824 | 6031837 |
| &nbsp;&nbsp;Medtronic plc | 49431 | 4136880 |
| &nbsp;&nbsp;Nestle SA (Registered) | 302470 | 36904080 |
| &nbsp;&nbsp;Oracle Corp. (a) | 77125 | 6822477 |
| &nbsp;&nbsp;Philip Morris International, Inc. (a) | 292773 | 30518657 |
| &nbsp;&nbsp;Ross Stores, Inc. (a) | 46498 | 5495599 |
| &nbsp;&nbsp;Royal Gold, Inc. | 78566 | 9980239 |
| &nbsp;&nbsp;Schlumberger Ltd. (a) | 168227 | 9585574 |
| &nbsp;&nbsp;Texas Instruments, Inc. (a) | 80467 | 14259557 |
| &nbsp;&nbsp;Travelers Cos., Inc. (The) | 15 | 2867 |
| &nbsp;&nbsp;Truist Financial Corp. | 34610 | 1709388 |
| &nbsp;&nbsp;UGI Corp. (a) | 152737 | 6083515 |
| &nbsp;&nbsp;Union Pacific Corp. (a) | 6543 | 1336015 |
| &nbsp;&nbsp;Universal Health Services, Inc., Class B (a) | 19258 | 2854228 |
| &nbsp;&nbsp;US Bancorp | 308262 | 15351448 |
| &nbsp;&nbsp;Walmart, Inc. (a) | 56972 | 8196562 |
| &nbsp;&nbsp;Wells Fargo & Co. (a) | 229665 | 10764399 |
| &nbsp;&nbsp;Weyerhaeuser Co., REIT (a) | 129131 | 4445980 |
|  |  | **403208520** |
| **TOTAL Common Stocks <br> (Cost $929,045,802)** |  | **1062521958** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **CORPORATE BONDS - 10.1%** |  |  |
| **Australia - 0.2%** |  |  |
| &nbsp;&nbsp;Coronado Finance Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10.75%, 5/15/2026 (c) | 1459000 | 1503961 |
| &nbsp;&nbsp;Nufarm Australia Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 1/27/2030 (c) | 2595000 | 2354483 |
|  |  | **3858444** |
| **Canada - 0.5%** |  |  |
| &nbsp;&nbsp;Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 2/15/2028 (c) | 1106000 | 961070 |
| &nbsp;&nbsp;Open Text Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 2/15/2030 (c) | 6065000 | 5107195 |
| &nbsp;&nbsp;Transcanada Trust Series 16-A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 8/15/2076 (d) | 2550000 | 2479365 |
|  |  | **8547630** |
| **Germany - 0.3%** |  |  |
| &nbsp;&nbsp;IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, (4.75% Cash or 5.50% PIK), 9/15/2026 (c)(e) | 3879000 | 3548043 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, (6.00% Cash or 6.75% PIK), 5/15/2027 (c)(e) | 1336632 | 1241491 |
|  |  | **4789534** |
| **Mexico - 0.7%** |  |  |
| &nbsp;&nbsp;Mexico Remittances Funding Fiduciary Estate Management Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 1/15/2028‡ (c) | 13186000 | 12165434 |
| **Poland - 0.3%** |  |  |
| &nbsp;&nbsp;Canpack SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.13%, 11/1/2025 (c) | 420000 | 382410 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 11/15/2029 (c) | 6197000 | 5145927 |
|  |  | **5528337** |
| **United Kingdom - 0.2%** |  |  |
| &nbsp;&nbsp;BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.22%, 9/6/2026 | 2425000 | 2284175 |
| **United States - 7.9%** |  |  |
| &nbsp;&nbsp;ACCO Brands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 3/15/2029 (c) | 7408000 | 6408327 |
| &nbsp;&nbsp;Aircastle Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.40%, 9/25/2023 | 984000 | 975480 |
| &nbsp;&nbsp;American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 4/20/2026 (c) | 4267833 | 4183863 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 4/20/2029 (c) | 502000 | 485545 |
| &nbsp;&nbsp;American Tower Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 2.40%, 3/15/2025 | 115000 | 109046 |
| &nbsp;&nbsp;AMN Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 10/1/2027 (c) | 2959000 | 2744709 |
| &nbsp;&nbsp;Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 4/1/2025 (c) | 2141000 | 2108885 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/1/2028 (c) | 194000 | 182845 |
| &nbsp;&nbsp;Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 3/15/2028 | 752000 | 775575 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| &nbsp;&nbsp;Bank of New York Mellon Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 3.75%, 12/20/2026 (d)(f) | 2882000 | 2503882 |
| &nbsp;&nbsp;Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/2028 (c) | 1206000 | 1041960 |
| &nbsp;&nbsp;Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 12/15/2027 | 2873000 | 2755983 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 12/15/2029 | 450000 | 427527 |
| &nbsp;&nbsp;Charles River Laboratories International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 5/1/2028 (c) | 2282000 | 2111603 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 3/15/2029 (c) | 1522000 | 1355622 |
| &nbsp;&nbsp;CITGO Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 6/15/2025 (c) | 8657000 | 8584108 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 6/15/2026 (c) | 5182000 | 5077661 |
| &nbsp;&nbsp;DCP Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.45%, 11/3/2036 (c) | 773000 | 810831 |
| &nbsp;&nbsp;Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 10/20/2025 (c) | 5641167 | 5573819 |
| &nbsp;&nbsp;DT Midstream, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 6/15/2029 (c) | 2910000 | 2553525 |
| &nbsp;&nbsp;Edgewell Personal Care Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 6/1/2028 (c) | 1770000 | 1676208 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 4/1/2029 (c) | 1557000 | 1356536 |
| &nbsp;&nbsp;Embecta Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/15/2030 (c) | 2393000 | 1971234 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 2/15/2030 (c) | 2292000 | 2062318 |
| &nbsp;&nbsp;HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 2/1/2025 | 1500000 | 1505666 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 2/15/2026 | 1449000 | 1474959 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 9/1/2030 | 1588000 | 1423369 |
| &nbsp;&nbsp;Imola Merger Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 5/15/2029 (c) | 3133000 | 2725710 |
| &nbsp;&nbsp;Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.25%, 3/15/2028 (c) | 1005000 | 955655 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.00%, 7/15/2028 (c) | 1596000 | 1467543 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 4.88%, 9/15/2029 (c) | 1322000 | 1193945 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.25%, 7/15/2030 (c) | 3609000 | 3265928 |
| &nbsp;&nbsp;KFC Holding Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 6/1/2027 (c) | 1472000 | 1427840 |
| &nbsp;&nbsp;Kinder Morgan Energy Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.15%, 2/1/2024 | 2700000 | 2674198 |
| &nbsp;&nbsp;Lamb Weston Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 1/31/2030 (c) | 1583000 | 1426679 |
| &nbsp;&nbsp;Mileage Plus Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 6/20/2027 (c) | 4895609 | 4946082 |
| &nbsp;&nbsp;MSCI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/2029 (c) | 2625000 | 2388750 |
| &nbsp;&nbsp;Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 9/30/2027 (c) | 3343000 | 3317225 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 4/15/2031 (c) | 2699000 | 2341383 |
| &nbsp;&nbsp;Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 3/1/2027 (c) | 2867000 | 2824224 |
| &nbsp;&nbsp;PRA Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 9/1/2025 (c) | 1200000 | 1189902 |
| &nbsp;&nbsp;Roller Bearing Co. of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 10/15/2029 (c) | 2635000 | 2374319 |
| &nbsp;&nbsp;Scripps Escrow II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 1/15/2031 (c) | 64000 | 51648 |
| &nbsp;&nbsp;SEG Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 10/15/2028 (c) | 5461000 | 5162543 |
| &nbsp;&nbsp;Service Corp. International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 12/15/2027 | 699000 | 664537 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 6/1/2029 | 857000 | 820667 |
| &nbsp;&nbsp;Spectrum Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 7/15/2025 | 1520000 | 1507337 |
| &nbsp;&nbsp;Sylvamo Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 9/1/2029 (c) | 2234000 | 2136061 |
| &nbsp;&nbsp;Taylor Morrison Communities, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 8/1/2030 (c) | 2000000 | 1829000 |
| &nbsp;&nbsp;Teleflex, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/2027 | 2919000 | 2786806 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 6/1/2028 (c) | 782000 | 721356 |
| &nbsp;&nbsp;Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series N, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 4.80%, 9/1/2024 (d)(f) | 11982000 | 11481333 |
| &nbsp;&nbsp;United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1, Class A, 5.88%, 10/15/2027 | 3127543 | 3164714 |
| &nbsp;&nbsp;VICI Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.63%, 5/1/2024 (c) | 1586000 | 1582683 |
| &nbsp;&nbsp;WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.25%, 6/15/2028 (c) | 2136000 | 2188709 |
|  |  | **130857863** |
| **TOTAL Corporate Bonds <br> (Cost 174,654,697)** |  | **168031417** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **U.S. TREASURY OBLIGATIONS - 9.1%** |  |  |
| &nbsp;&nbsp;U.S. Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 11/15/2027 (g) | 13267400 | 14695200 |
| &nbsp;&nbsp;U.S. Treasury Inflation Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.63%, 1/15/2024 | 10540000 | 13184836 |
| &nbsp;&nbsp;&nbsp;&nbsp;0.38%, 7/15/2025 | 9475000 | 11505426 |
| &nbsp;&nbsp;&nbsp;&nbsp;0.13%, 4/15/2027 | 12630800 | 12577085 |
| &nbsp;&nbsp;U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.25%, 6/15/2023 | 7865200 | 7736162 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.63%, 12/31/2023 (g) | 19435700 | 19064448 |
| &nbsp;&nbsp;&nbsp;&nbsp;2.50%, 1/31/2024 | 14953900 | 14628536 |
| &nbsp;&nbsp;&nbsp;&nbsp;1.75%, 6/30/2024 | 14117000 | 13578238 |
| &nbsp;&nbsp;&nbsp;&nbsp;1.75%, 12/31/2024 | 16847000 | 16088227 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| &nbsp;&nbsp;&nbsp;&nbsp;1.75%, 3/15/2025 | 4180000 | 3979001 |
| &nbsp;&nbsp;&nbsp;&nbsp;0.38%, 12/31/2025 | 17607700 | 15948724 |
| &nbsp;&nbsp;&nbsp;&nbsp;1.75%, 12/31/2026 | 9210000 | 8563501 |
| **TOTAL U.S. Treasury Obligations<br> (Cost 155,821,528)** |  | **151549384** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Ounces** | **Value ($)** |
| **COMMODITIES - 6.5%** |  |  |
| &nbsp;&nbsp;Gold bullion\*<br> (Cost $69,667,432) | 56395 | 108732506 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **MASTER LIMITED PARTNERSHIPS - 3.7%** |  |  |
| &nbsp;&nbsp;**United States - 3.7%** |  |  |
| &nbsp;&nbsp;Enterprise Products Partners LP | 1203180 | 30801408 |
| &nbsp;&nbsp;Magellan Midstream Partners LP (a) | 595232 | 31785389 |
| **TOTAL Master Limited Partnerships <br> (Cost 53,608,809)** |  | **62586797** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Principal<br> Amount ($)** | **Value ($)** |
| **FOREIGN GOVERNMENT SECURITIES - 1.7%** |  |  |  |
| &nbsp;&nbsp;**Brazil - 0.2%** |  |  |  |
| &nbsp;&nbsp;Notas do Tesouro Nacional |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10.00%, 1/1/2025 | BRL | 21000000 | 3982252 |
| &nbsp;&nbsp;**Colombia - 0.3%** |  |  |  |
| &nbsp;&nbsp;Titulos de Tesoreria |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.75%, 11/3/2027 | COP | 19880400000 | 3327580 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.00%, 1/30/2030 |  | 2690000 | 2094506 |
|  |  |  | **5422086** |
| &nbsp;&nbsp;**Italy - 0.2%** |  |  |  |
| &nbsp;&nbsp;Republic of Italy |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2.38%, 10/17/2024 |  | 3300000 | 3124717 |
| &nbsp;&nbsp;**Mexico - 0.4%** |  |  |  |
| &nbsp;&nbsp;Mex Bonos Desarr Fix Rt |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M, 8.00%, 12/7/2023 | MXN | 68770000 | 3570795 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series M, 5.75%, 3/5/2026 | MXN | 56800000 | 2731727 |
|  |  |  | **6302522** |
| &nbsp;&nbsp;**Saudi Arabia - 0.1%** |  |  |  |
| &nbsp;&nbsp;Kingdom of Saudi Arabia |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 1/18/2028 (c) |  | 800000 | 810240 |
| &nbsp;&nbsp;**Singapore - 0.3%** |  |  |  |
| &nbsp;&nbsp;Republic of Singapore |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.25%, 11/1/2026 | SGD | 7592000 | 5449852 |
| &nbsp;&nbsp;**South Korea - 0.2%** |  |  |  |
| &nbsp;&nbsp;Republic of Korea |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1.25%, 3/10/2026 | KRW | 4480550000 | 3414601 |
| **TOTAL Foreign Government Securities<br> (Cost 30,517,652)** |  |  | **28506270** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **CONVERTIBLE PREFERRED STOCKS - 1.6%** |  |  |
| **United States - 1.6%** |  |  |
| &nbsp;&nbsp;Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series L, 7.25%, (f) | 10496 | 13059123 |
| &nbsp;&nbsp;Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series L, 7.50%, (f) | 11123 | 13992623 |
| **TOTAL Convertible Preferred Stocks <br> (Cost 30,438,618)** |  | **27051746** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **PREFERRED STOCKS - 1.2%** |  |  |
| **United States - 1.2%** |  |  |
| &nbsp;&nbsp;Charles Schwab Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series D 5.95%, 03/01/23 (f) | 46239 | 1162911 |
| &nbsp;&nbsp;General American Investors Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B 5.95%, 12/03/21 (f) | 4712 | 122621 |
| &nbsp;&nbsp;MetLife, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A(ICE LIBOR USD 3 Month + 1.00%, 4.00% Floor), 5.75%, 12/03/21 (d)(f) | 128986 | 3051809 |
| &nbsp;&nbsp;Northern Trust Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series E 4.70%, 01/01/25 (f) | 101453 | 2318201 |
| &nbsp;&nbsp;State Street Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series G(ICE LIBOR USD 3 Month + 3.71%), 5.35%, 03/15/26 (d)(f) | 57946 | 1515288 |
| &nbsp;&nbsp;Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series R 4.75%, 09/01/25 (f) | 383073 | 8504220 |
| &nbsp;&nbsp;US Bancorp |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B(ICE LIBOR USD 3 Month + 0.60%), 5.39%, 12/03/21 (d)(f) | 140375 | 2863650 |
| **TOTAL Preferred Stocks <br> (Cost 20,485,647)** |  | **19538700** |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **CLOSED END FUNDS - 0.8%** |  |  |
| &nbsp;&nbsp;**United Kingdom - 0.8%** |  |  |
| &nbsp;&nbsp;Caledonia Investments plc <br> (Cost $11,116,587) | 310700 | 13777191 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal Amount ($)** | **Value ($)** |
| **LOAN ASSIGNMENTS - 0.1%** |  |  |
| **United States - 0.1%** |  |  |
| &nbsp;&nbsp;Aramark Intermediate HoldCo Corp., Term Loan B3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(ICE LIBOR USD 1 Month + 1.75%), 6.32%, 3/11/2025 (d) <br> (Cost $1,483,815) | 1500000 | 1488435 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal Amount ($)** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 1.1%** |  |  |
| **COMMERCIAL PAPER - 1.1%** |  |  |
| &nbsp;&nbsp;Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 2/1/2023 (h) | 1874000 | 1873747 |
| &nbsp;&nbsp;CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (h) | 2104000 | 2103734 |
| &nbsp;&nbsp;Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (c)(h) | 2143000 | 2142730 |
| &nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2023 (h) | 4286000 | 4285430 |
| &nbsp;&nbsp;Mitsui & Co. USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/1/2023 (h) | 1948000 | 1947767 |
| &nbsp;&nbsp;Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 2/1/2023 (c)(h) | 6468000 | 6467166 |
| **TOTAL COMMERCIAL PAPER<br> (Cost $18,822,999)** |  | **18820574** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **INVESTMENT COMPANIES - 0.0% (i)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares 4.20% (j) <br> (Cost $6,455) | 6455 | 6455 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $18,829,454)** |  | **18827029** |
| **Total Investments - 99.6%<br> (Cost $1,495,670,041)** |  | **1662611433** |
| **Other assets less liabilities - 0.4%** |  | **6013607** |
| **Net Assets - 100.0%** |  | **1668625040** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Value determined using significant unobservable inputs. |
| (a) | All or a portion of the security pledged as collateral for call options written. |
| (b) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale. |
| (c) | Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2023 amounted to $138,415,056, which represents approximately 8.30% of net assets of the Fund. |
| (d) | Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2023. |
| (e) | Security has the ability to pay in kind ("PIK") or pay income in cash. When applicable, separate rates of such payments are disclosed. |
| (f) | Perpetual security. The rate reflected was the rate in effect on January 31, 2023. The maturity date reflects the next call date. |
| (g) | All or a portion of this security is pledged with the custodian for current or potential holdings of forward foreign currency exchange contracts. |
| (h) | The rate shown was the current yield as of January 31, 2023. |
| (i) | Represents less than 0.05% of net assets. |
| (j) | Represents 7-day effective yield as of January 31, 2023. |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** | **Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** | **Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** | **Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** | **Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** | **Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** | **Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023** |
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | **Settlement Date** | **Unrealized Appreciation (Depreciation) ($)** |
| USD | 3602763 | EUR | 3461000 | UBS AG | 2/15/2023 | (163054) |
| USD | 3611346 | EUR | 3461000 | Bank of New York Mellon | 3/15/2023 | (160882) |
| USD | 3895931 | EUR | 3664000 | Goldman Sachs | 4/19/2023 | (106127) |
| USD | 2380016 | GBP | 1946000 | Goldman Sachs | 4/19/2023 | (23045) |
| USD | 3561387 | EUR | 3294000 | JPMorgan Chase Bank | 5/17/2023 | (41912) |
| USD | 2637625 | GBP | 2172000 | JPMorgan Chase Bank | 5/17/2023 | (45929) |
| **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** | **Net unrealized depreciation** |  |  | (540949) |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

**Written Call Options Contracts as of January 31, 2023 :**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Number of<br> Contracts** | **Notional<br> Amount** | **Notional<br> Amount** | **Exercise Price** | **Exercise Price** | **Expiration<br> Date** | **Value ($)** |
| Analog Devices, Inc. | Exchange Traded | 99 | USD | (1697553) | USD | 230.00 | 9/15/2023 | (11137) |
| Bank of New York Mellon Corp. (The) | Exchange Traded | 336 | USD | (1699152) | USD | 55.00 | 6/16/2023 | (36960) |
| Bank of New York Mellon Corp. (The) | Exchange Traded | 327 | USD | (1653639) | USD | 60.00 | 6/16/2023 | (8175) |
| Bank of New York Mellon Corp. (The) | Exchange Traded | 328 | USD | (1658696) | USD | 60.00 | 9/15/2023 | (26240) |
| Bank of New York Mellon Corp. (The) | Exchange Traded | 329 | USD | (1663753) | USD | 65.00 | 9/15/2023 | (9048) |
| Becton Dickinson & Co. | Exchange Traded | 66 | USD | (1664652) | USD | 300.00 | 9/15/2023 | (22440) |
| Boston Properties, Inc., REIT | Exchange Traded | 463 | USD | (3451202) | USD | 85.00 | 7/21/2023 | (71765) |
| Boston Properties, Inc., REIT | Exchange Traded | 224 | USD | (1669696) | USD | 90.00 | 7/21/2023 | (16800) |
| CH Robinson Worldwide, Inc. | Exchange Traded | 170 | USD | (1702890) | USD | 120.00 | 5/19/2023 | (12750) |
| CH Robinson Worldwide, Inc. | Exchange Traded | 178 | USD | (1783026) | USD | 120.00 | 7/21/2023 | (29370) |
| CH Robinson Worldwide, Inc. | Exchange Traded | 170 | USD | (1702890) | USD | 125.00 | 5/19/2023 | (6375) |
| CH Robinson Worldwide, Inc. | Exchange Traded | 175 | USD | (1752975) | USD | 125.00 | 7/21/2023 | (14875) |
| Coca-Cola Femsa SAB de CV | Exchange Traded | 464 | USD | (3534752) | USD | 80.00 | 2/17/2023 | (13920) |
| Coca-Cola Femsa SAB de CV | Exchange Traded | 226 | USD | (1721668) | USD | 90.00 | 8/18/2023 | (23165) |
| Colgate-Palmolive Co. | Exchange Traded | 196 | USD | (1460788) | USD | 90.00 | 5/19/2023 | (3920) |
| Colgate-Palmolive Co. | Exchange Traded | 210 | USD | (1565130) | USD | 90.00 | 8/18/2023 | (3675) |
| Comcast Corp., Class A | Exchange Traded | 434 | USD | (1707790) | USD | 50.00 | 6/16/2023 | (6293) |
| Elevance Health, Inc. | Exchange Traded | 30 | USD | (1499970) | USD | 500.00 | 3/17/2023 | (46560) |
| Elevance Health, Inc. | Exchange Traded | 31 | USD | (1549969) | USD | 510.00 | 6/16/2023 | (83452) |
| Elevance Health, Inc. | Exchange Traded | 29 | USD | (1449971) | USD | 540.00 | 6/16/2023 | (42775) |
| Elevance Health, Inc. | Exchange Traded | 29 | USD | (1449971) | USD | 550.00 | 3/17/2023 | (6090) |
| Exxon Mobil Corp. | Exchange Traded | 144 | USD | (1670544) | USD | 120.00 | 2/17/2023 | (13824) |
| Exxon Mobil Corp. | Exchange Traded | 161 | USD | (1867761) | USD | 120.00 | 6/16/2023 | (93380) |
| Exxon Mobil Corp. | Exchange Traded | 134 | USD | (1554534) | USD | 125.00 | 3/17/2023 | (14070) |
| Exxon Mobil Corp. | Exchange Traded | 138 | USD | (1600938) | USD | 130.00 | 2/17/2023 | (414) |
| Exxon Mobil Corp. | Exchange Traded | 134 | USD | (1554534) | USD | 130.00 | 3/17/2023 | (4824) |
| Exxon Mobil Corp. | Exchange Traded | 141 | USD | (1635741) | USD | 135.00 | 3/17/2023 | (1692) |
| Exxon Mobil Corp. | Exchange Traded | 141 | USD | (1635741) | USD | 140.00 | 3/17/2023 | (564) |
| Exxon Mobil Corp. | Exchange Traded | 129 | USD | (1496529) | USD | 145.00 | 3/17/2023 | (387) |
| Exxon Mobil Corp. | Exchange Traded | 149 | USD | (1728549) | USD | 145.00 | 6/16/2023 | (6705) |
| Exxon Mobil Corp. | Exchange Traded | 129 | USD | (1496529) | USD | 150.00 | 3/17/2023 | (516) |
| Exxon Mobil Corp. | Exchange Traded | 147 | USD | (1705347) | USD | 150.00 | 6/16/2023 | (3381) |
| Exxon Mobil Corp. | Exchange Traded | 145 | USD | (1682145) | USD | 155.00 | 7/21/2023 | (4132) |
| Exxon Mobil Corp. | Exchange Traded | 143 | USD | (1658943) | USD | 160.00 | 7/21/2023 | (2288) |
| Fidelity National Information Services, Inc. | Exchange Traded | 221 | USD | (1658384) | USD | 90.00 | 2/17/2023 | (4420) |
| Fidelity National Information Services, Inc. | Exchange Traded | 208 | USD | (1560832) | USD | 90.00 | 4/21/2023 | (11440) |
| General Dynamics Corp. | Exchange Traded | 72 | USD | (1678032) | USD | 290.00 | 8/18/2023 | (4680) |
| HCA Healthcare, Inc. | Exchange Traded | 47 | USD | (1198829) | USD | 220.00 | 3/17/2023 | (174135) |
| HCA Healthcare, Inc. | Exchange Traded | 125 | USD | (3188375) | USD | 230.00 | 3/17/2023 | (353125) |
| HCA Healthcare, Inc. | Exchange Traded | 152 | USD | (3877064) | USD | 240.00 | 3/17/2023 | (287280) |
| HCA Healthcare, Inc. | Exchange Traded | 135 | USD | (3443445) | USD | 250.00 | 3/17/2023 | (175500) |
| HCA Healthcare, Inc. | Exchange Traded | 64 | USD | (1632448) | USD | 290.00 | 3/17/2023 | (8000) |
| HCA Healthcare, Inc. | Exchange Traded | 64 | USD | (1632448) | USD | 290.00 | 6/16/2023 | (41600) |
| HCA Healthcare, Inc. | Exchange Traded | 64 | USD | (1632448) | USD | 310.00 | 9/15/2023 | (37120) |
| HCA Healthcare, Inc. | Exchange Traded | 65 | USD | (1657955) | USD | 320.00 | 6/16/2023 | (7800) |
| HCA Healthcare, Inc. | Exchange Traded | 64 | USD | (1632448) | USD | 320.00 | 9/15/2023 | (25280) |
| IDACORP, Inc. | Exchange Traded | 128 | USD | (1354368) | USD | 130.00 | 2/17/2023 | (61440) |
| Kraft Heinz Co. (The) | Exchange Traded | 407 | USD | (1649571) | USD | 42.50 | 4/21/2023 | (31339) |
| Kraft Heinz Co. (The) | Exchange Traded | 381 | USD | (1544193) | USD | 50.00 | 7/21/2023 | (4953) |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Counterparty** | **Number of<br> Contracts** | **Notional<br> Amount** | **Notional<br> Amount** | **Exercise Price** | **Exercise Price** | **Expiration<br> Date** | **Value ($)** |
| Magellan Midstream Partners LP | Exchange Traded | 275 | USD | (1468500) | USD | 60.00 | 4/21/2023 | (2750) |
| Oracle Corp. | Exchange Traded | 187 | USD | (1654202) | USD | 85.00 | 3/17/2023 | (104720) |
| Oracle Corp. | Exchange Traded | 187 | USD | (1654202) | USD | 87.50 | 2/17/2023 | (43010) |
| Oracle Corp. | Exchange Traded | 188 | USD | (1663048) | USD | 100.00 | 3/17/2023 | (5640) |
| Philip Morris International, Inc. | Exchange Traded | 149 | USD | (1553176) | USD | 115.00 | 3/17/2023 | (2608) |
| Philip Morris International, Inc. | Exchange Traded | 149 | USD | (1553176) | USD | 120.00 | 3/17/2023 | (2235) |
| Philip Morris International, Inc. | Exchange Traded | 155 | USD | (1615720) | USD | 120.00 | 6/16/2023 | (6975) |
| Philip Morris International, Inc. | Exchange Traded | 152 | USD | (1584448) | USD | 125.00 | 6/16/2023 | (3040) |
| Philip Morris International, Inc. | Exchange Traded | 165 | USD | (1719960) | USD | 125.00 | 9/15/2023 | (10725) |
| Philip Morris International, Inc. | Exchange Traded | 149 | USD | (1553176) | USD | 130.00 | 6/16/2023 | (2980) |
| Ross Stores, Inc. | Exchange Traded | 183 | USD | (2162877) | USD | 100.00 | 5/19/2023 | (429135) |
| Schlumberger Ltd. | Exchange Traded | 276 | USD | (1572648) | USD | 70.00 | 2/17/2023 | (828) |
| Schlumberger Ltd. | Exchange Traded | 301 | USD | (1715098) | USD | 75.00 | 5/19/2023 | (11438) |
| Schlumberger Ltd. | Exchange Traded | 290 | USD | (1652420) | USD | 80.00 | 8/18/2023 | (20300) |
| Taiwan Semiconductor Manufacturing Co. Ltd., ADR | Exchange Traded | 181 | USD | (1678413) | USD | 100.00 | 2/17/2023 | (7240) |
| Texas Instruments, Inc. | Exchange Traded | 87 | USD | (1541727) | USD | 195.00 | 2/17/2023 | (1740) |
| Texas Instruments, Inc. | Exchange Traded | 87 | USD | (1541727) | USD | 210.00 | 4/21/2023 | (4002) |
| Texas Instruments, Inc. | Exchange Traded | 92 | USD | (1630332) | USD | 220.00 | 4/21/2023 | (1564) |
| Texas Instruments, Inc. | Exchange Traded | 90 | USD | (1594890) | USD | 230.00 | 4/21/2023 | (720) |
| UGI Corp. | Exchange Traded | 399 | USD | (1589217) | USD | 40.00 | 2/17/2023 | (31920) |
| Union Pacific Corp. | Exchange Traded | 65 | USD | (1327235) | USD | 220.00 | 5/19/2023 | (25805) |
| Universal Health Services, Inc., Class B | Exchange Traded | 104 | USD | (1541384) | USD | 160.00 | 2/17/2023 | (6240) |
| Universal Health Services, Inc., Class B | Exchange Traded | 88 | USD | (1304248) | USD | 160.00 | 3/17/2023 | (20680) |
| Walmart, Inc. | Exchange Traded | 99 | USD | (1424313) | USD | 165.00 | 2/17/2023 | (99) |
| Walmart, Inc. | Exchange Traded | 113 | USD | (1625731) | USD | 170.00 | 3/17/2023 | (791) |
| Wells Fargo & Co. | Exchange Traded | 355 | USD | (1663885) | USD | 52.50 | 7/21/2023 | (41890) |
| Wells Fargo & Co. | Exchange Traded | 322 | USD | (1509214) | USD | 55.00 | 3/17/2023 | (966) |
| Wells Fargo & Co. | Exchange Traded | 322 | USD | (1509214) | USD | 55.00 | 4/21/2023 | (5474) |
| Wells Fargo & Co. | Exchange Traded | 372 | USD | (1743564) | USD | 55.00 | 7/21/2023 | (23808) |
| Weyerhaeuser Co., REIT | Exchange Traded | 529 | USD | (1821347) | USD | 38.00 | 7/21/2023 | (33063) |
|  |  |  |  |  |  |  |  | (2722460) |
| Total Written Options Contracts (Premiums Received ($2447564)) | Total Written Options Contracts (Premiums Received ($2447564)) | Total Written Options Contracts (Premiums Received ($2447564)) |  |  |  |  |  | (2722460) |

---

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| ADR | American Depositary Receipt |
| BRL | Brazilian real |
| COP | Colombian Peso |
| EUR | Euro |
| Fix Rt | Fixed Rate |
| GBP | British Pound |
| ICE | Intercontinental Exchange |
| KRW | Korea (Rep.) Won |
| LIBOR | London Interbank Offered Rate |
| MXN | Mexican Peso |
| NVDR | Non-Voting Depositary Receipt |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. |
| REIT | Real Estate Investment Trust |
| SGD | Singapore Dollar |
| USD | United States Dollar |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Aerospace & Defense | 0.6% |
| Air Freight & Logistics | 0.6 |
| Airlines | 1.1 |
| Auto Components | 0.3 |
| Banks | 6.8 |
| Beverages | 4.3 |
| Capital Markets | 1.7 |
| Chemicals | 1.1 |
| Commercial Services & Supplies | 1.4 |
| Commodities | 6.5 |
| Consumer Finance | 0.1 |
| Containers & Packaging | 0.3 |
| Diversified Consumer Services | 0.1 |
| Diversified Financial Services | 5.1 |
| Electric Utilities | 0.3 |
| Electrical Equipment | 0.0 \* |
| Electronic Equipment, Instruments & Components | 0.0 \* |
| Energy Equipment & Services | 0.6 |
| Equity Real Estate Investment Trusts (REITs) | 2.7 |
| Food & Staples Retailing | 0.8 |
| Food Products | 5.3 |
| Foreign Government Securities | 1.7 |
| Gas Utilities | 0.4 |
| Health Care Equipment & Supplies | 1.2 |
| Health Care Providers & Services | 2.5 |
| Hotels, Restaurants & Leisure | 0.9 |
| Household Durables | 0.8 |
| Household Products | 2.5 |
| Industrial Conglomerates | 2.4 |
| Insurance | 2.5 |
| IT Services | 0.3 |
| Leisure Products | 0.3 |
| Life Sciences Tools & Services | 0.2 |
| Machinery | 1.8 |
| Media | 1.2 |
| Metals & Mining | 2.6 |
| Oil, Gas & Consumable Fuels | 8.9 |
| Paper & Forest Products | 0.1 |
| Personal Products | 3.7 |
| Pharmaceuticals | 1.7 |
| Professional Services | 0.2 |
| Real Estate Management & Development | 2.2 |
| Road & Rail | 0.1 |
| Semiconductors & Semiconductor Equipment | 1.6 |
| Software | 0.8 |
| Specialty Retail | 0.5 |
| Technology Hardware, Storage & Peripherals | 0.5 |
| Textiles, Apparel & Luxury Goods | 1.3 |
| Tobacco | 6.1 |
| Trading Companies & Distributors | 0.7 |
| U.S. Treasury Obligations | 9.1 |
| Short-Term Investments | 1.1 |
| **Total Investments** | **99.6%** |

---

\*Less than 0.05%

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **CORPORATE BONDS - 89.1%** | **CORPORATE BONDS - 89.1%** | **CORPORATE BONDS - 89.1%** |
| **Australia - 0.9%** | **Australia - 0.9%** | **Australia - 0.9%** |
| &nbsp;&nbsp;Coronado Finance Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10.75%, 5/15/2026 (a) | 867000 | 893717 |
| &nbsp;&nbsp;Nufarm Australia Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 1/27/2030 (a) | 859000 | 779384 |
|  |  | **1673101** |
| **Canada - 4.0%** |  |  |
| &nbsp;&nbsp;Kronos Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/31/2026 (a) | 2000000 | 1815500 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 12/31/2027 (a) | 932000 | 812238 |
| &nbsp;&nbsp;Open Text Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 2/15/2028 (a) | 2190000 | 1903023 |
| &nbsp;&nbsp;Open Text Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 2/15/2030 (a) | 393000 | 330936 |
| &nbsp;&nbsp;Precision Drilling Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 1/15/2029 (a) | 1944000 | 1872539 |
| &nbsp;&nbsp;Ritchie Bros Auctioneers, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 1/15/2025 (a) | 634000 | 626192 |
|  |  | **7360428** |
| **Germany - 4.4%** |  |  |
| &nbsp;&nbsp;Cheplapharm Arzneimittel GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 1/15/2028 (a) | 2640000 | 2356359 |
| &nbsp;&nbsp;IHO Verwaltungs GmbH |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, (4.75% Cash or 5.50% PIK) 9/15/2026 (a)(b) | 3041000 | 2781542 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, (6.00% Cash or 6.75% PIK) 5/15/2027 (a)(b) | 1280244 | 1189116 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.37%, (6.38% Cash or 7.13% PIK) 5/15/2029 (a)(b) | 689000 | 602840 |
| &nbsp;&nbsp;Mercer International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 2/1/2029 | 1395000 | 1193004 |
|  |  | **8122861** |
| **Mexico - 1.9%** |  |  |
| &nbsp;&nbsp;Mexico Remittances Funding Fiduciary Estate Management Sarl |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 1/15/2028‡ (a) | 3626000 | 3345356 |
| &nbsp;&nbsp;Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.70%, 2/16/2032 | 200000 | 166013 |
|  |  | **3511369** |
| **Poland - 1.1%** |  |  |
| &nbsp;&nbsp;Canpack SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.13%, 11/1/2025 (a) | 200000 | 182100 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 11/15/2029 (a) | 2147000 | 1782847 |
|  |  | **1964947** |
| **Singapore - 0.6%** |  |  |
| &nbsp;&nbsp;Avation Capital SA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, (8.25% Cash or 9.00% PIK) 10/31/2026 (a)(b) | 1250917 | 1062758 |
| **United Kingdom - 0.6%** |  |  |
| &nbsp;&nbsp;Petrofac Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9.75%, 11/15/2026 (a) | 1600000 | 1024838 |
| **United States - 75.6%** |  |  |
| &nbsp;&nbsp;ACCO Brands Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 3/15/2029 (a) | 2114000 | 1828726 |
| &nbsp;&nbsp;American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 4/20/2026 (a) | 1251333 | 1226713 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 4/20/2029 (a) | 185000 | 178936 |
| &nbsp;&nbsp;AMN Healthcare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 10/1/2027 (a) | 2626000 | 2435825 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 4/15/2029 (a) | 1609000 | 1395695 |
| &nbsp;&nbsp;Antero Midstream Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.88%, 5/15/2026 (a) | 615000 | 631144 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 6/15/2029 (a) | 1294000 | 1201802 |
| &nbsp;&nbsp;Antero Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.38%, 7/15/2026 (a) | 604000 | 633958 |
| &nbsp;&nbsp;Aramark Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 4/1/2025 (a) | 623000 | 613655 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 5/1/2025 (a) | 1163000 | 1163291 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/1/2028 (a) | 57000 | 53722 |
| &nbsp;&nbsp;Arcosa, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 4/15/2029 (a) | 163000 | 145769 |
| &nbsp;&nbsp;Arko Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 11/15/2029 (a) | 1000000 | 792700 |
| &nbsp;&nbsp;Ashland LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.38%, 9/1/2031 (a) | 1500000 | 1245000 |
| &nbsp;&nbsp;Avantor Funding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.88%, 11/1/2029 (a) | 2000000 | 1758120 |
| &nbsp;&nbsp;Ball Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.88%, 3/15/2028 | 367000 | 378505 |
| &nbsp;&nbsp;Boyd Gaming Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 12/1/2027 | 872000 | 828982 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 6/15/2031 (a) | 162000 | 145769 |
| &nbsp;&nbsp;BWX Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 6/30/2028 (a) | 1000000 | 902506 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 4/15/2029 (a) | 653000 | 584454 |
| &nbsp;&nbsp;Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 3/1/2027 (a) | 1242000 | 1030860 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/2028 (a) | 424000 | 366328 |
| &nbsp;&nbsp;Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 12/15/2027 | 2641000 | 2533432 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 12/15/2029 | 809000 | 768599 |
| &nbsp;&nbsp;Charles River Laboratories International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 5/1/2028 (a) | 857000 | 793008 |
| &nbsp;&nbsp;&nbsp;&nbsp;3.75%, 3/15/2029 (a) | 1182000 | 1052789 |
| &nbsp;&nbsp;Cinemark USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.75%, 5/1/2025 (a) | 1603000 | 1632580 |
| &nbsp;&nbsp;CITGO Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 6/15/2025 (a) | 3956000 | 3922690 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 6/15/2026 (a) | 802000 | 785852 |
| &nbsp;&nbsp;CNX Midstream Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 4/15/2030 (a) | 1079000 | 912974 |
| &nbsp;&nbsp;CNX Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 1/15/2031 (a) | 250000 | 243123 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| &nbsp;&nbsp;Cogent Communications Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 5/1/2026 (a) | 648000 | 599954 |
| &nbsp;&nbsp;Conduent Business Services LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 11/1/2029 (a) | 2000000 | 1770000 |
| &nbsp;&nbsp;Consensus Cloud Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 10/15/2026 (a) | 3000000 | 2866929 |
| &nbsp;&nbsp;Crestwood Midstream Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 2/1/2029 (a) | 1868000 | 1772111 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 2/1/2031 (a) | 1000000 | 1006250 |
| &nbsp;&nbsp;Crocs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 8/15/2031 (a) | 500000 | 415815 |
| &nbsp;&nbsp;Crown Americas LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2026 | 1844000 | 1801477 |
| &nbsp;&nbsp;Dana, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 11/15/2027 | 1255000 | 1192520 |
| &nbsp;&nbsp;DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 6/1/2030 (a) | 2234000 | 1882145 |
| &nbsp;&nbsp;Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 10/20/2025 (a) | 2197849 | 2171610 |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 1/15/2026 | 1528000 | 1590409 |
| &nbsp;&nbsp;DT Midstream, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 6/15/2029 (a) | 1243000 | 1090732 |
| &nbsp;&nbsp;Dycom Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 4/15/2029 (a) | 2065000 | 1848691 |
| &nbsp;&nbsp;Edgewell Personal Care Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 6/1/2028 (a) | 618000 | 585252 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 4/1/2029 (a) | 669000 | 582866 |
| &nbsp;&nbsp;Embecta Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 2/15/2030 (a) | 801000 | 659824 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 2/15/2030 (a) | 693000 | 623554 |
| &nbsp;&nbsp;Energizer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 6/15/2028 (a) | 8000 | 7160 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 3/31/2029 (a) | 871000 | 756394 |
| &nbsp;&nbsp;EnLink Midstream LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 9/1/2030 (a) | 1000000 | 1018750 |
| &nbsp;&nbsp;Entegris Escrow Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 4/15/2029 (a) | 1000000 | 937239 |
| &nbsp;&nbsp;Fair Isaac Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 6/15/2028 (a) | 2169000 | 2013927 |
| &nbsp;&nbsp;Frontier Communications Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 10/15/2027 (a) | 914000 | 872797 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 5/1/2029 (a) | 308000 | 264110 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 1/15/2030 (a) | 1000000 | 821430 |
| &nbsp;&nbsp;G-III Apparel Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.88%, 8/15/2025 (a) | 2000000 | 1899517 |
| &nbsp;&nbsp;Gray Escrow II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 11/15/2031 (a) | 1000000 | 769025 |
| &nbsp;&nbsp;Hawaiian Brand Intellectual Property Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 1/20/2026 (a) | 1240000 | 1184188 |
| &nbsp;&nbsp;HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3.50%, 9/1/2030 | 607000 | 544071 |
| &nbsp;&nbsp;Hertz Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 12/1/2029 (a) | 2000000 | 1635000 |
| &nbsp;&nbsp;Howard Hughes Corp. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 2/1/2031 (a) | 62000 | 51518 |
| &nbsp;&nbsp;Imola Merger Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 5/15/2029 (a) | 1184000 | 1030080 |
| &nbsp;&nbsp;Ingles Markets, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 6/15/2031 (a) | 1500000 | 1292443 |
| &nbsp;&nbsp;Interface, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 12/1/2028 (a) | 2794000 | 2347379 |
| &nbsp;&nbsp;International Game Technology plc |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 1/15/2029 (a) | 967000 | 928030 |
| &nbsp;&nbsp;IQVIA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/15/2026 (a) | 800000 | 780000 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 5/15/2027 (a) | 1075000 | 1043191 |
| &nbsp;&nbsp;Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.25%, 3/15/2028 (a) | 621000 | 590509 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.00%, 7/15/2028 (a) | 220000 | 202293 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 4.88%, 9/15/2029 (a) | 870000 | 785727 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.25%, 7/15/2030 (a) | 763000 | 690469 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 4.50%, 2/15/2031 (a) | 940000 | 805477 |
| &nbsp;&nbsp;ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 8/1/2029 (a) | 1250000 | 1085938 |
| &nbsp;&nbsp;Jefferies Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/15/2028 (a) | 1150000 | 975367 |
| &nbsp;&nbsp;Kaiser Aluminum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 3/1/2028 (a) | 1312000 | 1197856 |
| &nbsp;&nbsp;Koppers, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 2/15/2025 (a) | 2389000 | 2353165 |
| &nbsp;&nbsp;Lamb Weston Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.88%, 5/15/2028 (a) | 581000 | 561925 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.13%, 1/31/2030 (a) | 1117000 | 1006696 |
| &nbsp;&nbsp;Level 3 Financing, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 7/1/2028 (a) | 589000 | 466777 |
| &nbsp;&nbsp;Macy's Retail Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 3/15/2030 (a) | 250000 | 228193 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 3/15/2032 (a) | 500000 | 447500 |
| &nbsp;&nbsp;Maxar Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.75%, 6/15/2027 (a) | 2000000 | 2091200 |
| &nbsp;&nbsp;MGIC Investment Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.25%, 8/15/2028 | 612000 | 576932 |
| &nbsp;&nbsp;Mileage Plus Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.50%, 6/20/2027 (a) | 699205 | 706413 |
| &nbsp;&nbsp;Moog, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 12/15/2027 (a) | 155000 | 143763 |
| &nbsp;&nbsp;MSCI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/2029 (a) | 1000000 | 910000 |
| &nbsp;&nbsp;Mueller Water Products, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 6/15/2029 (a) | 646000 | 572951 |
| &nbsp;&nbsp;Oxford Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.38%, 2/1/2027 (a) | 250000 | 239108 |
| &nbsp;&nbsp;PennyMac Financial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 9/15/2031 (a) | 1000000 | 840496 |
| &nbsp;&nbsp;Pilgrim's Pride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.88%, 9/30/2027 (a) | 638000 | 633081 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 4/15/2031 (a) | 2347000 | 2036023 |
| &nbsp;&nbsp;Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.75%, 3/1/2027 (a) | 1786000 | 1759353 |
| &nbsp;&nbsp;PRA Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.38%, 9/1/2025 (a) | 2000000 | 1983169 |
| &nbsp;&nbsp;Radian Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 10/1/2024 | 645000 | 623601 |
| &nbsp;&nbsp;Range Resources Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/15/2030 (a) | 1000000 | 895754 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| &nbsp;&nbsp;Roller Bearing Co. of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 10/15/2029 (a) | 1019000 | 918190 |
| &nbsp;&nbsp;Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;11.50%, 6/1/2025 (a) | 596000 | 639973 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 8/31/2026 (a) | 1000000 | 894962 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 7/15/2027 (a) | 100000 | 86988 |
| &nbsp;&nbsp;&nbsp;&nbsp;8.25%, 1/15/2029 (a) | 500000 | 522500 |
| &nbsp;&nbsp;SBA Communications Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 3.88%, 2/15/2027 | 609000 | 562433 |
| &nbsp;&nbsp;Scripps Escrow II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.38%, 1/15/2031 (a) | 2452000 | 1978764 |
| &nbsp;&nbsp;Sealed Air Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/1/2027 (a) | 1252000 | 1158163 |
| &nbsp;&nbsp;&nbsp;&nbsp;6.13%, 2/1/2028 (a) | 250000 | 252225 |
| &nbsp;&nbsp;SEG Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 10/15/2028 (a) | 3198000 | 3023221 |
| &nbsp;&nbsp;Service Corp. International |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 12/15/2027 | 124000 | 117886 |
| &nbsp;&nbsp;&nbsp;&nbsp;5.13%, 6/1/2029 | 125000 | 119701 |
| &nbsp;&nbsp;Shea Homes LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/15/2028 | 668000 | 595282 |
| &nbsp;&nbsp;Spirit Loyalty Cayman Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.00%, 9/20/2025 (a) | 1000000 | 1024980 |
| &nbsp;&nbsp;Sprint LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.88%, 9/15/2023 | 2500000 | 2537183 |
| &nbsp;&nbsp;Staples, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;10.75%, 4/15/2027 (a) | 500000 | 378750 |
| &nbsp;&nbsp;Sunoco LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 4/30/2030 | 2000000 | 1781700 |
| &nbsp;&nbsp;Sylvamo Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.00%, 9/1/2029 (a) | 397000 | 379596 |
| &nbsp;&nbsp;Teleflex, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/2027 | 1005000 | 959486 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.25%, 6/1/2028 (a) | 1026000 | 946434 |
| &nbsp;&nbsp;Thor Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/15/2029 (a) | 1250000 | 1039400 |
| &nbsp;&nbsp;Triton Water Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.25%, 4/1/2029 (a) | 2138000 | 1697056 |
| &nbsp;&nbsp;Turning Point Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.63%, 2/15/2026 (a) | 1830000 | 1658109 |
| &nbsp;&nbsp;United Airlines Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series 2020-1, Class A, 5.88%, 10/15/2027 | 587027 | 594004 |
| &nbsp;&nbsp;United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 4/15/2026 (a) | 343000 | 325622 |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 4/15/2029 (a) | 229000 | 208873 |
| &nbsp;&nbsp;United Natural Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.75%, 10/15/2028 (a) | 1530000 | 1476450 |
| &nbsp;&nbsp;United Rentals North America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6.00%, 12/15/2029 (a) | 100000 | 101500 |
| &nbsp;&nbsp;United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.50%, 4/15/2029 (a) | 326000 | 280311 |
| &nbsp;&nbsp;VICI Properties LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 4.25%, 12/1/2026 (a) | 245000 | 231219 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 5.75%, 2/1/2027 (a) | 2415000 | 2402321 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 3.75%, 2/15/2027 (a) | 305000 | 281803 |
| &nbsp;&nbsp;&nbsp;&nbsp;REIT, 4.13%, 8/15/2030 (a) | 305000 | 272819 |
| &nbsp;&nbsp;Vista Outdoor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 3/15/2029 (a) | 3203000 | 2594430 |
| &nbsp;&nbsp;WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7.25%, 6/15/2028 (a) | 1850000 | 1895651 |
| &nbsp;&nbsp;White Cap Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;8.25%, (8.25% Cash or 9.00% PIK) 3/15/2026 (a)(b) | 1972000 | 1799450 |
| &nbsp;&nbsp;Wyndham Hotels & Resorts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.38%, 8/15/2028 (a) | 1222000 | 1127057 |
| &nbsp;&nbsp;Ziff Davis, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.63%, 10/15/2030 (a) | 1588000 | 1407063 |
| &nbsp;&nbsp;ZipRecruiter, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5.00%, 1/15/2030 (a) | 500000 | 435000 |
|  |  | **138960186** |
| **Total Corporate Bonds <br> (Cost 177,233,340)** |  | **163680488** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **LOAN ASSIGNMENTS - 1.5%** |  |  |
| **United States - 1.5%** |  |  |
| &nbsp;&nbsp;Aramark Intermediate HoldCo Corp., Term Loan B3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(ICE LIBOR USD 1 Month + 1.75%), 6.32%, 3/11/2025 (c) | 1750000 | 1736507 |
| &nbsp;&nbsp;BJ's Wholesale Club, Inc., 1st Lien Term Loan B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(ICE LIBOR USD 1 Month + 2.75%), 7.11%, 2/3/2027 (c) | 1070112 | 1070444 |
| **TOTAL Loan Assignments <br> (Cost 2,800,590)** |  | **2806951** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 8.4%** |  |  |
| **COMMERCIAL PAPER - 8.4%** |  |  |
| &nbsp;&nbsp;Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 2/1/2023 (d) | 1533000 | 1532793 |
| &nbsp;&nbsp;CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (d) | 1721000 | 1720782 |
| &nbsp;&nbsp;Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (a)(d) | 1753000 | 1752779 |
| &nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2023 (d) | 3505000 | 3504534 |
| &nbsp;&nbsp;Mitsui & Co. USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/1/2023 (d) | 1593000 | 1592810 |
| &nbsp;&nbsp;Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 2/1/2023 (a)(d) | 5289000 | 5288318 |
| **TOTAL COMMERCIAL PAPER<br> (Cost $15,394,000)** |  | **15392016** |

---

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **INVESTMENT COMPANIES - 0.0% (e)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (f) <br> (Cost $4,679) | 4679 | 4679 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $15,398,679)** |  | **15396695** |
| **Total Investments - 99.0%<br> (Cost $195,432,609)** |  | **181884134** |
| **Other assets less liabilities - 1.0%** |  | **1888254** |
| **Net Assets - 100.0%** |  | **183772388** |

---

‡ Value determined using significant
 unobservable inputs.

(a) Securities exempt from registration under Rule 144A
 or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2023 amounted to $151,256,365,
 which represents approximately 82.31% of net assets of the Fund.

(b) Security has the ability to pay in kind ("PIK")
 or pay income in cash. When applicable, separate rates of such payments are disclosed.

(c) Variable or floating rate security, linked to the referenced
 benchmark. The interest rate shown is the rate in effect as of January 31, 2023.

(d) The rate shown was the current yield as of January
 31, 2023.

(e) Represents less than 0.05% of net assets.

(f) Represents 7-day effective yield as of January 31,
 2023.

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| ICE | Intercontinental Exchange |
| LIBOR | London Interbank Offered Rate |
| REIT | Real Estate Investment Trust |
| USD | United States Dollar |

---

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Aerospace & Defense | 2.0% |
| Airlines | 5 |
| Auto Components | 3.1 |
| Automobiles | 0.6 |
| Beverages | 0.9 |
| Capital Markets | 0.5 |
| Chemicals | 2.4 |
| Commercial Services & Supplies | 4.6 |
| Construction & Engineering | 1.1 |
| Consumer Finance | 1.7 |
| Containers & Packaging | 3 |
| Diversified Consumer Services | 0.1 |
| Diversified Financial Services | 2.5 |
| Diversified Telecommunication Services | 1.3 |
| Energy Equipment & Services | 1.6 |
| Entertainment | 0.9 |
| Equity Real Estate Investment Trusts (REITs) | 3.7 |
| Food & Staples Retailing | 3.7 |
| Food Products | 3.3 |
| Health Care Equipment & Supplies | 2.7 |
| Health Care Providers & Services | 3.1 |
| Health Care Technology | 1 |
| Hotels, Restaurants & Leisure | 3.6 |
| Household Durables | 0.3 |
| Household Products | 1.8 |
| Interactive Media & Services | 1 |
| IT Services | 1.3 |
| Leisure Products | 1.4 |
| Life Sciences Tools & Services | 1 |
| Machinery | 0.8 |
| Media | 1.5 |
| Metals & Mining | 0.7 |
| Multiline Retail | 0.4 |
| Oil, Gas & Consumable Fuels | 9.8 |
| Paper & Forest Products | 0.9 |
| Personal Products | 0.6 |
| Pharmaceuticals | 1.3 |
| Professional Services | 2.1 |
| Real Estate Management & Development | 0.0 \* |
| Road & Rail | 0.9 |
| Semiconductors & Semiconductor Equipment | 0.5 |
| Software | 3.9 |
| Specialty Retail | 1.6 |
| Textiles, Apparel & Luxury Goods | 1.3 |
| Thrifts & Mortgage Finance | 1.2 |
| Tobacco | 0.9 |
| Trading Companies & Distributors | 1.6 |
| Wireless Telecommunication Services | 1.4 |
| Short-Term Investments | 8.4 |
| **Total Investments** | **99.0%** |

---

\* Less than 0.05%

See Notes to Schedule of Investments. (Continued)

First Eagle Fund of America<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 95.0%** | **COMMON STOCKS - 95.0%** | **COMMON STOCKS - 95.0%** |
| &nbsp;&nbsp;**Air Freight & Logistics - 5.9%** |  |  |
| &nbsp;&nbsp;CH Robinson Worldwide, Inc. | 114305 | 11449932 |
| &nbsp;&nbsp;Expeditors International of Washington, Inc. | 101436 | 10970303 |
|  |  | **22420235** |
| &nbsp;&nbsp;**Beverages - 3.9%** |  |  |
| &nbsp;&nbsp;PepsiCo, Inc. | 85057 | 14546448 |
| &nbsp;&nbsp;**Capital Markets - 3.1%** |  |  |
| &nbsp;&nbsp;Bank of New York Mellon Corp. (The) | 234559 | 11861649 |
| &nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 4.4%** |  |  |
| &nbsp;&nbsp;TE Connectivity Ltd. | 131856 | 16765490 |
| &nbsp;&nbsp;**Equity Real Estate Investment Trusts (REITs) - 2.0%** |  |  |
| &nbsp;&nbsp;Equity Residential | 121127 | 7709734 |
| &nbsp;&nbsp;**Food Products - 1.1%** |  |  |
| &nbsp;&nbsp;Nestle SA (Registered) | 33476 | 4084375 |
| &nbsp;&nbsp;**Health Care Equipment & Supplies - 9.7%** |  |  |
| &nbsp;&nbsp;Becton Dickinson & Co. | 49735 | 12544162 |
| &nbsp;&nbsp;Medtronic plc | 286840 | 24005639 |
|  |  | **36549801** |
| &nbsp;&nbsp;**Health Care Providers & Services - 9.3%** |  |  |
| &nbsp;&nbsp;HCA Healthcare, Inc. | 53355 | 13609260 |
| &nbsp;&nbsp;UnitedHealth Group, Inc. | 42657 | 21293948 |
|  |  | **34903208** |
| &nbsp;&nbsp;**Hotels, Restaurants & Leisure - 1.5%** |  |  |
| &nbsp;&nbsp;Starbucks Corp. | 51285 | 5597245 |
| &nbsp;&nbsp;**Household Products - 4.3%** |  |  |
| &nbsp;&nbsp;Colgate-Palmolive Co. | 219798 | 16381545 |
| &nbsp;&nbsp;**Interactive Media & Services - 8.1%** |  |  |
| &nbsp;&nbsp;Alphabet, Inc., Class A\* | 153955 | 15216912 |
| &nbsp;&nbsp;Meta Platforms, Inc., Class A\* | 103241 | 15379812 |
|  |  | **30596724** |
| &nbsp;&nbsp;**IT Services - 1.8%** |  |  |
| &nbsp;&nbsp;Accenture plc, Class A | 2731 | 762086 |
| &nbsp;&nbsp;Fidelity National Information Services, Inc. | 79808 | 5988792 |
|  |  | **6750878** |
| &nbsp;&nbsp;**Machinery - 3.4%** |  |  |
| &nbsp;&nbsp;Schindler Holding AG (Switzerland) | 59223 | 12622635 |
| &nbsp;&nbsp;**Media - 6.6%** |  |  |
| &nbsp;&nbsp;Comcast Corp., Class A | 629399 | 24766851 |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 8.7%** |  |  |
| &nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan) | 44654 | 4140765 |
| &nbsp;&nbsp;Texas Instruments, Inc. | 161075 | 28544101 |
|  |  | **32684866** |
| &nbsp;&nbsp;**Software - 7.7%** |  |  |
| &nbsp;&nbsp;Microsoft Corp. | 33141 | 8212671 |
| &nbsp;&nbsp;Oracle Corp. | 237285 | 20990231 |
|  |  | **29202902** |
| &nbsp;&nbsp;**Specialty Retail - 8.1%** |  |  |
| &nbsp;&nbsp;Home Depot, Inc. (The) | 53770 | 17430621 |
| &nbsp;&nbsp;Ross Stores, Inc. | 110084 | 13010828 |
|  |  | **30441449** |
| &nbsp;&nbsp;**Tobacco - 5.4%** |  |  |
| &nbsp;&nbsp;Philip Morris International, Inc. | 195760 | 20406022 |
| **TOTAL COMMON STOCKS <br> (Cost $323,054,672)** |  | **358292057** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **MASTER LIMITED PARTNERSHIPS - 4.0%** |  |  |
| &nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 4.0%** |  |  |
| &nbsp;&nbsp;Enterprise Products Partners LP | 298192 | 7633715 |
| &nbsp;&nbsp;Magellan Midstream Partners LP | 142333 | 7600582 |
| **TOTAL MASTER LIMITED PARTNERSHIPS <br> (Cost $14,832,767)** |  | **15234297** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal Amount ($)** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 1.2%** |  |  |
| **COMMERCIAL PAPER - 1.2%** |  |  |
| &nbsp;&nbsp;Arrow Electronics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.80%, 2/1/2023 (a) | 434000 | 433941 |
| &nbsp;&nbsp;CenterPoint Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (a) | 487000 | 486938 |
| &nbsp;&nbsp;Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/1/2023 (a)(b) | 496000 | 495938 |
| &nbsp;&nbsp;General Motors Financial Co., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/1/2023 (a) | 993000 | 992868 |
| &nbsp;&nbsp;Mitsui & Co. USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.31%, 2/1/2023 (a) | 451000 | 450946 |
| &nbsp;&nbsp;Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4.65%, 2/1/2023 (a)(b) | 1499000 | 1498807 |
| **TOTAL COMMERCIAL PAPER<br> (Cost $4,360,000)** |  | **4359438** |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Fund of America<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **INVESTMENT COMPANIES - 0.0% (c)** |  |  |
| &nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (d) <br> (Cost $1,857) | 1857 | 1857 |
| **TOTAL SHORT-TERM INVESTMENTS <br> (Cost $4,361,857)** |  | **4361295** |
| **Total Investments - 100.2%<br> (Cost $342,249,296)** |  | **377887649** |
| **Liabilities in excess of other assets - (0.2%)** |  | **(834595)** |
| **Net Assets - 100.0%** |  | **377053054** |

---

\* Non-income producing security.

(a) The rate shown was the current yield as of January 31, 2023.

(b) Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2023 amounted to $1,994,745, which represents approximately 0.53% of net assets of the Fund.

(c) Represents less than 0.05% of net assets.

(d) Represents 7-day effective yield as of January 31, 2023.

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| ADR | American Depositary Receipt |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Fund of America<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Air Freight & Logistics | 5.9% |
| Beverages | 3.9 |
| Capital Markets | 3.1 |
| Electronic Equipment, Instruments & Components | 4.4 |
| Equity Real Estate Investment Trusts (REITs) | 2.0 |
| Food Products | 1.1 |
| Health Care Equipment & Supplies | 9.7 |
| Health Care Providers & Services | 9.3 |
| Hotels, Restaurants & Leisure | 1.5 |
| Household Products | 4.3 |
| Interactive Media & Services | 8.1 |
| IT Services | 1.8 |
| Machinery | 3.4 |
| Media | 6.6 |
| Oil, Gas & Consumable Fuels | 4.0 |
| Semiconductors & Semiconductor Equipment | 8.7 |
| Software | 7.7 |
| Specialty Retail | 8.1 |
| Tobacco | 5.4 |
| Short-Term Investments | 1.2 |
| **Total Investments** | **100.2%** |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 93.0%** | **COMMON STOCKS - 93.0%** | **COMMON STOCKS - 93.0%** |
| &nbsp;&nbsp;**Aerospace & Defense - 4.1%** |  |  |
| &nbsp;&nbsp;AAR Corp.\* | 89778 | 4618180 |
| &nbsp;&nbsp;Astronics Corp.\* | 154612 | 2295988 |
| &nbsp;&nbsp;Curtiss-Wright Corp. | 23567 | 3907409 |
| &nbsp;&nbsp;Ducommun, Inc.\* | 101390 | 5858314 |
| &nbsp;&nbsp;Hexcel Corp. | 60533 | 4272419 |
| &nbsp;&nbsp;Kaman Corp. | 57902 | 1460289 |
| &nbsp;&nbsp;Mercury Systems, Inc.\* | 66514 | 3324702 |
| &nbsp;&nbsp;Spirit AeroSystems Holdings, Inc., Class A | 115849 | 4187941 |
| &nbsp;&nbsp;Triumph Group, Inc.\* | 115946 | 1320625 |
| &nbsp;&nbsp;V2X, Inc.\* | 66316 | 2928515 |
|  |  | **34174382** |
| &nbsp;&nbsp;**Air Freight & Logistics - 0.4%** |  |  |
| &nbsp;&nbsp;GXO Logistics, Inc.\* | 41302 | 2161334 |
| &nbsp;&nbsp;Radiant Logistics, Inc.\* | 162292 | 910458 |
|  |  | **3071792** |
| &nbsp;&nbsp;**Airlines - 1.9%** |  |  |
| &nbsp;&nbsp;Alaska Air Group, Inc.\* | 98886 | 5076807 |
| &nbsp;&nbsp;Allegiant Travel Co.\* | 71320 | 6135660 |
| &nbsp;&nbsp;JetBlue Airways Corp.\* | 593203 | 4745624 |
|  |  | **15958091** |
| &nbsp;&nbsp;**Auto Components - 1.5%** |  |  |
| &nbsp;&nbsp;Goodyear Tire & Rubber Co. (The)\* | 401103 | 4512409 |
| &nbsp;&nbsp;Modine Manufacturing Co.\* | 187676 | 4483580 |
| &nbsp;&nbsp;Superior Industries International, Inc.\* | 521973 | 2949147 |
|  |  | **11945136** |
| &nbsp;&nbsp;**Banks - 2.9%** |  |  |
| &nbsp;&nbsp;Ameris Bancorp | 97661 | 4605693 |
| &nbsp;&nbsp;Independent Bank Group, Inc. | 87403 | 5357804 |
| &nbsp;&nbsp;Old National Bancorp | 226377 | 3961597 |
| &nbsp;&nbsp;Seacoast Banking Corp. of Florida | 169970 | 5457737 |
| &nbsp;&nbsp;Texas Capital Bancshares, Inc.\* | 68019 | 4494015 |
|  |  | **23876846** |
| &nbsp;&nbsp;**Biotechnology - 1.0%** |  |  |
| &nbsp;&nbsp;CareDx, Inc.\* | 310420 | 4637675 |
| &nbsp;&nbsp;Ironwood Pharmaceuticals, Inc.\* | 343169 | 3953307 |
|  |  | **8590982** |
| &nbsp;&nbsp;**Building Products - 1.4%** |  |  |
| &nbsp;&nbsp;AZEK Co., Inc. (The)\* | 150485 | 3631203 |
| &nbsp;&nbsp;Gibraltar Industries, Inc.\* | 50056 | 2681500 |
| &nbsp;&nbsp;Insteel Industries, Inc. | 55499 | 1664415 |
| &nbsp;&nbsp;PGT Innovations, Inc.\* | 39664 | 860709 |
| &nbsp;&nbsp;Quanex Building Products Corp. | 111192 | 2878761 |
|  |  | **11716588** |
| &nbsp;&nbsp;**Capital Markets - 0.2%** |  |  |
| &nbsp;&nbsp;Ashford, Inc., REIT\* | 5188 | 70142 |
| &nbsp;&nbsp;B Riley Financial, Inc. | 35660 | 1523752 |
|  |  | **1593894** |
| &nbsp;&nbsp;**Chemicals - 2.0%** |  |  |
| &nbsp;&nbsp;AdvanSix, Inc. | 85866 | 3712846 |
| &nbsp;&nbsp;Huntsman Corp. | 168095 | 5326931 |
| &nbsp;&nbsp;Livent Corp.\* | 173083 | 4486311 |
| &nbsp;&nbsp;LSB Industries, Inc.\* | 246233 | 3129621 |
|  |  | **16655709** |
| &nbsp;&nbsp;**Commercial Services & Supplies - 2.2%** |  |  |
| &nbsp;&nbsp;ARC Document Solutions, Inc. | 104736 | 365529 |
| &nbsp;&nbsp;Harsco Corp.\* | 183978 | 1460785 |
| &nbsp;&nbsp;Heritage-Crystal Clean, Inc.\* | 150162 | 5586026 |
| &nbsp;&nbsp;Kimball International, Inc., Class B | 249427 | 1845760 |
| &nbsp;&nbsp;Performant Financial Corp.\* | 821991 | 2663251 |
| &nbsp;&nbsp;Quest Resource Holding Corp.\* | 208784 | 1440610 |
| &nbsp;&nbsp;VSE Corp. | 90056 | 4944074 |
|  |  | **18306035** |
| &nbsp;&nbsp;**Communications Equipment - 2.8%** |  |  |
| &nbsp;&nbsp;ADTRAN Holdings, Inc. | 164356 | 3101398 |
| &nbsp;&nbsp;Aviat Networks, Inc.\* | 161290 | 5217731 |
| &nbsp;&nbsp;CalAmp Corp.\* | 546274 | 2529248 |
| &nbsp;&nbsp;Ceragon Networks Ltd. (Israel)\* | 404010 | 840341 |
| &nbsp;&nbsp;Comtech Telecommunications Corp. | 90791 | 1439945 |
| &nbsp;&nbsp;Digi International, Inc.\* | 25234 | 857704 |
| &nbsp;&nbsp;DZS, Inc.\* | 272611 | 3462160 |
| &nbsp;&nbsp;Lantronix, Inc.\* | 341535 | 1724752 |
| &nbsp;&nbsp;Lumentum Holdings, Inc.\* | 41094 | 2473037 |
| &nbsp;&nbsp;PCTEL, Inc.\* | 366085 | 1694973 |
|  |  | **23341289** |
| &nbsp;&nbsp;**Construction & Engineering - 1.0%** |  |  |
| &nbsp;&nbsp;Ameresco, Inc., Class A\* | 58445 | 3767949 |
| &nbsp;&nbsp;Arcosa, Inc. | 37049 | 2195894 |
| &nbsp;&nbsp;Bowman Consulting Group Ltd.\* | 43920 | 1119521 |
| &nbsp;&nbsp;Orion Group Holdings, Inc.\* | 431237 | 1237650 |
|  |  | **8321014** |
| &nbsp;&nbsp;**Diversified Consumer Services - 1.2%** |  |  |
| &nbsp;&nbsp;American Public Education, Inc.\* | 195958 | 2373052 |
| &nbsp;&nbsp;Lincoln Educational Services Corp.\* | 436972 | 2774772 |
| &nbsp;&nbsp;Regis Corp.\* | 1399895 | 2295828 |
| &nbsp;&nbsp;Universal Technical Institute, Inc.\* | 347871 | 2636862 |
|  |  | **10080514** |
| &nbsp;&nbsp;**Electrical Equipment - 1.3%** |  |  |
| &nbsp;&nbsp;Babcock & Wilcox Enterprises, Inc.\* | 214776 | 1426113 |
| &nbsp;&nbsp;EnerSys | 22899 | 1901075 |
| &nbsp;&nbsp;Generac Holdings, Inc.\* | 44627 | 5382016 |
| &nbsp;&nbsp;LSI Industries, Inc. | 129337 | 1775797 |
| &nbsp;&nbsp;Orion Energy Systems, Inc.\* | 328699 | 545640 |
|  |  | **11030641** |
| &nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 3.6%** |  |  |
| &nbsp;&nbsp;Advanced Energy Industries, Inc. | 52938 | 4909470 |
| &nbsp;&nbsp;Airgain, Inc.\* | 229830 | 1838640 |
| &nbsp;&nbsp;Avnet, Inc. | 90762 | 4164160 |
| &nbsp;&nbsp;Belden, Inc. | 50031 | 4057014 |
| &nbsp;&nbsp;Coherent Corp.\* | 151479 | 6574189 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;Fabrinet (Thailand)\* | 19133 | 2519051 |
| &nbsp;&nbsp;Iteris, Inc.\* | 439914 | 1627682 |
| &nbsp;&nbsp;TTM Technologies, Inc.\* | 246731 | 3878611 |
| &nbsp;&nbsp;VIA Optronics AG, ADR (Germany)\* | 163472 | 504311 |
|  |  | **30073128** |
| &nbsp;&nbsp;**Energy Equipment & Services - 3.7%** |  |  |
| &nbsp;&nbsp;Archrock, Inc. | 77432 | 767351 |
| &nbsp;&nbsp;DMC Global, Inc.\* | 132302 | 3008547 |
| &nbsp;&nbsp;Helix Energy Solutions Group, Inc.\* | 339115 | 2689182 |
| &nbsp;&nbsp;Helmerich & Payne, Inc. | 13580 | 657815 |
| &nbsp;&nbsp;Liberty Energy, Inc., Class A | 175655 | 2780619 |
| &nbsp;&nbsp;Newpark Resources, Inc.\* | 251551 | 1142042 |
| &nbsp;&nbsp;NexTier Oilfield Solutions, Inc.\* | 156285 | 1472205 |
| &nbsp;&nbsp;NOV, Inc. | 153061 | 3740811 |
| &nbsp;&nbsp;Oil States International, Inc.\* | 489267 | 4188125 |
| &nbsp;&nbsp;ProPetro Holding Corp.\* | 406475 | 4044426 |
| &nbsp;&nbsp;RPC, Inc. | 225179 | 2233776 |
| &nbsp;&nbsp;US Silica Holdings, Inc.\* | 277204 | 3392977 |
|  |  | **30117876** |
| &nbsp;&nbsp;**Equity Real Estate Investment Trusts (REITs) - 4.0%** |  |  |
| &nbsp;&nbsp;Alexander & Baldwin, Inc. | 204952 | 4103139 |
| &nbsp;&nbsp;Armada Hoffler Properties, Inc. | 397084 | 5035025 |
| &nbsp;&nbsp;Braemar Hotels & Resorts, Inc. | 378647 | 2006829 |
| &nbsp;&nbsp;Chatham Lodging Trust | 151667 | 2155188 |
| &nbsp;&nbsp;Macerich Co. (The) | 204684 | 2812358 |
| &nbsp;&nbsp;Park Hotels & Resorts, Inc. | 127671 | 1878041 |
| &nbsp;&nbsp;Pebblebrook Hotel Trust | 122490 | 2008836 |
| &nbsp;&nbsp;Physicians Realty Trust | 346595 | 5496997 |
| &nbsp;&nbsp;Tanger Factory Outlet Centers, Inc. | 193662 | 3700881 |
| &nbsp;&nbsp;Whitestone REIT | 398881 | 4152351 |
|  |  | **33349645** |
| &nbsp;&nbsp;**Food & Staples Retailing - 0.5%** |  |  |
| &nbsp;&nbsp;Chefs' Warehouse, Inc. (The)\* | 94999 | 3631812 |
| &nbsp;&nbsp;Natural Grocers by Vitamin Cottage, Inc. | 68853 | 683710 |
|  |  | **4315522** |
| &nbsp;&nbsp;**Food Products - 0.9%** |  |  |
| &nbsp;&nbsp;Hain Celestial Group, Inc. (The)\* | 70292 | 1442392 |
| &nbsp;&nbsp;Ingredion, Inc. | 16281 | 1673687 |
| &nbsp;&nbsp;Real Good Food Co., Inc. (The), Class A\* | 259000 | 1440040 |
| &nbsp;&nbsp;Utz Brands, Inc. | 146908 | 2447487 |
|  |  | **7003606** |
| &nbsp;&nbsp;**Health Care Equipment & Supplies - 2.2%** |  |  |
| &nbsp;&nbsp;Accuray, Inc.\* | 299605 | 755005 |
| &nbsp;&nbsp;Artivion, Inc.\* | 165513 | 2158289 |
| &nbsp;&nbsp;Neuronetics, Inc.\* | 299437 | 1760690 |
| &nbsp;&nbsp;Orthofix Medical, Inc.\* | 74847 | 1618941 |
| &nbsp;&nbsp;QuidelOrtho Corp.\* | 37862 | 3241366 |
| &nbsp;&nbsp;Sientra, Inc.\* | 88016 | 186594 |
| &nbsp;&nbsp;Sight Sciences, Inc.\* | 327677 | 3771562 |
| &nbsp;&nbsp;Tactile Systems Technology, Inc.\* | 330103 | 4281436 |
|  |  | **17773883** |
| &nbsp;&nbsp;**Health Care Providers & Services - 5.8%** |  |  |
| &nbsp;&nbsp;Acadia Healthcare Co., Inc.\* | 18489 | 1553446 |
| &nbsp;&nbsp;AdaptHealth Corp.\* | 85443 | 1831043 |
| &nbsp;&nbsp;Addus HomeCare Corp.\* | 11583 | 1245404 |
| &nbsp;&nbsp;Amedisys, Inc.\* | 57074 | 5516773 |
| &nbsp;&nbsp;Brookdale Senior Living, Inc.\* | 880574 | 2536053 |
| &nbsp;&nbsp;Community Health Systems, Inc.\* | 1140936 | 5955686 |
| &nbsp;&nbsp;Enhabit, Inc.\* | 163523 | 2511713 |
| &nbsp;&nbsp;InfuSystem Holdings, Inc.\* | 128488 | 1287450 |
| &nbsp;&nbsp;Option Care Health, Inc.\* | 77048 | 2224376 |
| &nbsp;&nbsp;Owens & Minor, Inc.\* | 80811 | 1595209 |
| &nbsp;&nbsp;Patterson Cos., Inc. | 186591 | 5633182 |
| &nbsp;&nbsp;Pennant Group, Inc. (The)\* | 178649 | 2311718 |
| &nbsp;&nbsp;Quipt Home Medical Corp.\* | 309135 | 1792983 |
| &nbsp;&nbsp;RadNet, Inc.\* | 63560 | 1337938 |
| &nbsp;&nbsp;Select Medical Holdings Corp. | 67079 | 1949987 |
| &nbsp;&nbsp;Surgery Partners, Inc.\* | 78863 | 2618252 |
| &nbsp;&nbsp;Tenet Healthcare Corp.\* | 114227 | 6265351 |
|  |  | **48166564** |
| &nbsp;&nbsp;**Health Care Technology - 0.6%** |  |  |
| &nbsp;&nbsp;Health Catalyst, Inc.\* | 104910 | 1458249 |
| &nbsp;&nbsp;HealthStream, Inc.\* | 72210 | 1746038 |
| &nbsp;&nbsp;iCAD, Inc.\* | 644272 | 1475383 |
|  |  | **4679670** |
| &nbsp;&nbsp;**Hotels, Restaurants & Leisure - 4.3%** |  |  |
| &nbsp;&nbsp;BJ's Restaurants, Inc.\* | 118604 | 3744328 |
| &nbsp;&nbsp;Bloomin' Brands, Inc. | 146114 | 3543265 |
| &nbsp;&nbsp;Cheesecake Factory, Inc. (The) | 134469 | 5277908 |
| &nbsp;&nbsp;Chuy's Holdings, Inc.\* | 157922 | 5405670 |
| &nbsp;&nbsp;Cracker Barrel Old Country Store, Inc. | 27372 | 3054168 |
| &nbsp;&nbsp;Denny's Corp.\* | 371004 | 4459468 |
| &nbsp;&nbsp;Noodles & Co., Class A\* | 297698 | 1872520 |
| &nbsp;&nbsp;Potbelly Corp.\* | 415012 | 3315946 |
| &nbsp;&nbsp;Ruth's Hospitality Group, Inc. | 123724 | 2141662 |
| &nbsp;&nbsp;Six Flags Entertainment Corp.\* | 93101 | 2499762 |
|  |  | **35314697** |
| &nbsp;&nbsp;**Household Durables - 3.8%** |  |  |
| &nbsp;&nbsp;Beazer Homes USA, Inc.\* | 274144 | 4487737 |
| &nbsp;&nbsp;Cavco Industries, Inc.\* | 16523 | 4396770 |
| &nbsp;&nbsp;Century Communities, Inc. | 84839 | 5192147 |
| &nbsp;&nbsp;Dixie Group, Inc. (The)\* | 213469 | 191866 |
| &nbsp;&nbsp;LGI Homes, Inc.\* | 56436 | 6425239 |
| &nbsp;&nbsp;MDC Holdings, Inc. | 42107 | 1589960 |
| &nbsp;&nbsp;Skyline Champion Corp.\* | 60892 | 3589583 |
| &nbsp;&nbsp;Snap One Holdings Corp.\* | 114120 | 1094411 |
| &nbsp;&nbsp;Sonos, Inc.\* | 28857 | 532123 |
| &nbsp;&nbsp;Toll Brothers, Inc. | 56310 | 3349882 |
| &nbsp;&nbsp;Vizio Holding Corp., Class A\* | 22025 | 192939 |
|  |  | **31042657** |
| &nbsp;&nbsp;**Insurance - 1.1%** |  |  |
| &nbsp;&nbsp;Old Republic International Corp. | 169910 | 4483925 |
| &nbsp;&nbsp;Stewart Information Services Corp. | 100723 | 4811538 |
|  |  | **9295463** |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;**Interactive Media & Services - 0.9%** |  |  |
| &nbsp;&nbsp;Cars.com, Inc.\* | 208047 | 3557604 |
| &nbsp;&nbsp;EverQuote, Inc., Class A\* | 97090 | 1514604 |
| &nbsp;&nbsp;QuinStreet, Inc.\* | 173074 | 2653224 |
|  |  | **7725432** |
| &nbsp;&nbsp;**Internet & Direct Marketing Retail - 0.5%** |  |  |
| &nbsp;&nbsp;CarParts.com, Inc.\* | 541097 | 3690281 |
| &nbsp;&nbsp;**IT Services - 0.5%** |  |  |
| &nbsp;&nbsp;Squarespace, Inc., Class A\* | 179716 | 4262863 |
| &nbsp;&nbsp;**Leisure Products - 0.6%** |  |  |
| &nbsp;&nbsp;Clarus Corp. | 132732 | 1333957 |
| &nbsp;&nbsp;Topgolf Callaway Brands Corp.\* | 157288 | 3851983 |
|  |  | **5185940** |
| &nbsp;&nbsp;**Machinery - 5.1%** |  |  |
| &nbsp;&nbsp;Astec Industries, Inc. | 91421 | 4035323 |
| &nbsp;&nbsp;Barnes Group, Inc. | 83699 | 3704518 |
| &nbsp;&nbsp;Blue Bird Corp.\* | 179956 | 2609362 |
| &nbsp;&nbsp;CIRCOR International, Inc.\* | 201871 | 5581733 |
| &nbsp;&nbsp;Columbus McKinnon Corp. | 138185 | 4967751 |
| &nbsp;&nbsp;EnPro Industries, Inc. | 27342 | 3310296 |
| &nbsp;&nbsp;John Bean Technologies Corp. | 26858 | 3000844 |
| &nbsp;&nbsp;Luxfer Holdings plc (United Kingdom) | 145397 | 2406320 |
| &nbsp;&nbsp;Manitex International, Inc.\* | 192628 | 785922 |
| &nbsp;&nbsp;Park-Ohio Holdings Corp. | 121274 | 1606881 |
| &nbsp;&nbsp;Shyft Group, Inc. (The) | 100908 | 3359227 |
| &nbsp;&nbsp;Trinity Industries, Inc. | 84291 | 2425052 |
| &nbsp;&nbsp;Wabash National Corp. | 153996 | 3966937 |
|  |  | **41760166** |
| &nbsp;&nbsp;**Media - 0.4%** |  |  |
| &nbsp;&nbsp;Magnite, Inc.\* | 183799 | 2220292 |
| &nbsp;&nbsp;Marchex, Inc., Class B\* | 468344 | 960105 |
|  |  | **3180397** |
| &nbsp;&nbsp;**Metals & Mining - 3.1%** |  |  |
| &nbsp;&nbsp;Carpenter Technology Corp. | 116370 | 5619507 |
| &nbsp;&nbsp;Century Aluminum Co.\* | 330783 | 3718001 |
| &nbsp;&nbsp;Coeur Mining, Inc.\* | 319099 | 1241295 |
| &nbsp;&nbsp;Commercial Metals Co. | 76486 | 4150895 |
| &nbsp;&nbsp;Ferroglobe plc\* | 631951 | 3001767 |
| &nbsp;&nbsp;Haynes International, Inc. | 54646 | 3043236 |
| &nbsp;&nbsp;Hecla Mining Co. | 731520 | 4513479 |
|  |  | **25288180** |
| &nbsp;&nbsp;**Mortgage Real Estate Investment Trusts (REITs) - 0.3%** |  |  |
| &nbsp;&nbsp;Ladder Capital Corp. | 238102 | 2666742 |
| &nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 3.8%** |  |  |
| &nbsp;&nbsp;Alto Ingredients, Inc.\* | 461565 | 1564705 |
| &nbsp;&nbsp;Callon Petroleum Co.\* | 115723 | 4924014 |
| &nbsp;&nbsp;Chesapeake Energy Corp. | 25532 | 2214135 |
| &nbsp;&nbsp;Dorian LPG Ltd. | 104736 | 2079010 |
| &nbsp;&nbsp;Earthstone Energy, Inc., Class A\* | 246700 | 3429130 |
| &nbsp;&nbsp;Enviva, Inc. | 108868 | 4951317 |
| &nbsp;&nbsp;Matador Resources Co. | 33064 | 2187514 |
| &nbsp;&nbsp;Navigator Holdings Ltd.\* | 312408 | 4033187 |
| &nbsp;&nbsp;PBF Energy, Inc., Class A | 27346 | 1148258 |
| &nbsp;&nbsp;Permian Resources Corp. | 206534 | 2245025 |
| &nbsp;&nbsp;SM Energy Co. | 67993 | 2234930 |
|  |  | **31011225** |
| &nbsp;&nbsp;**Paper & Forest Products - 0.6%** |  |  |
| &nbsp;&nbsp;Louisiana-Pacific Corp. | 73913 | 5032736 |
| &nbsp;&nbsp;**Pharmaceuticals - 0.9%** |  |  |
| &nbsp;&nbsp;Assertio Holdings, Inc.\* | 646137 | 2655623 |
| &nbsp;&nbsp;Pacira BioSciences, Inc.\* | 67075 | 2634035 |
| &nbsp;&nbsp;Societal CDMO, Inc.\* | 1296163 | 1685012 |
|  |  | **6974670** |
| &nbsp;&nbsp;**Professional Services - 0.4%** |  |  |
| &nbsp;&nbsp;GEE Group, Inc.\* | 1027770 | 515940 |
| &nbsp;&nbsp;Heidrick & Struggles International, Inc. | 78084 | 2401864 |
|  |  | **2917804** |
| &nbsp;&nbsp;**Road & Rail - 0.6%** |  |  |
| &nbsp;&nbsp;Daseke, Inc.\* | 415751 | 2901942 |
| &nbsp;&nbsp;Heartland Express, Inc. | 142240 | 2392477 |
|  |  | **5294419** |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 8.5%** |  |  |
| &nbsp;&nbsp;Alpha & Omega Semiconductor Ltd.\* | 134875 | 4445480 |
| &nbsp;&nbsp;Amkor Technology, Inc. | 154193 | 4511687 |
| &nbsp;&nbsp;Amtech Systems, Inc.\* | 273715 | 2964334 |
| &nbsp;&nbsp;Axcelis Technologies, Inc.\* | 54952 | 6041973 |
| &nbsp;&nbsp;Cohu, Inc.\* | 120642 | 4352763 |
| &nbsp;&nbsp;Diodes, Inc.\* | 28298 | 2523899 |
| &nbsp;&nbsp;Everspin Technologies, Inc.\* | 78388 | 540877 |
| &nbsp;&nbsp;FormFactor, Inc.\* | 210943 | 5935936 |
| &nbsp;&nbsp;Ichor Holdings Ltd.\* | 161528 | 5459646 |
| &nbsp;&nbsp;inTEST Corp.\* | 345346 | 4489498 |
| &nbsp;&nbsp;Kulicke & Soffa Industries, Inc. (Singapore) | 95037 | 4856391 |
| &nbsp;&nbsp;MKS Instruments, Inc. | 57584 | 5891995 |
| &nbsp;&nbsp;Onto Innovation, Inc.\* | 65711 | 5168170 |
| &nbsp;&nbsp;SMART Global Holdings, Inc.\* | 224895 | 3865945 |
| &nbsp;&nbsp;Ultra Clean Holdings, Inc.\* | 152365 | 5127082 |
| &nbsp;&nbsp;Veeco Instruments, Inc.\* | 214549 | 4260943 |
|  |  | **70436619** |
| &nbsp;&nbsp;**Software - 2.3%** |  |  |
| &nbsp;&nbsp;Digital Turbine, Inc.\* | 195570 | 3395095 |
| &nbsp;&nbsp;Everbridge, Inc.\* | 152000 | 4857920 |
| &nbsp;&nbsp;SecureWorks Corp., Class A\* | 394073 | 3160466 |
| &nbsp;&nbsp;Synchronoss Technologies, Inc.\* | 838972 | 656915 |
| &nbsp;&nbsp;Upland Software, Inc.\* | 294580 | 2571683 |
| &nbsp;&nbsp;Yext, Inc.\* | 380504 | 2644503 |
| &nbsp;&nbsp;Zeta Global Holdings Corp., Class A\* | 205810 | 1868755 |
|  |  | **19155337** |
| &nbsp;&nbsp;**Specialty Retail - 3.7%** |  |  |
| &nbsp;&nbsp;America's Car-Mart, Inc.\* | 68838 | 5929705 |
| &nbsp;&nbsp;Container Store Group, Inc. (The)\* | 487081 | 2537692 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;Lithia Motors, Inc., Class A | 25727 | 6771346 |
| &nbsp;&nbsp;LL Flooring Holdings, Inc.\* | 176626 | 1070354 |
| &nbsp;&nbsp;RH\* | 10745 | 3352333 |
| &nbsp;&nbsp;Sonic Automotive, Inc., Class A | 10038 | 539141 |
| &nbsp;&nbsp;Sportsman's Warehouse Holdings, Inc.\* | 384726 | 3627966 |
| &nbsp;&nbsp;Tile Shop Holdings, Inc.\* | 257429 | 1287145 |
| &nbsp;&nbsp;Tilly's, Inc., Class A\* | 272250 | 2412135 |
| &nbsp;&nbsp;Zumiez, Inc.\* | 99186 | 2561974 |
|  |  | **30089791** |
| &nbsp;&nbsp;**Textiles, Apparel & Luxury Goods - 1.2%** |  |  |
| &nbsp;&nbsp;Allbirds, Inc., Class A\* | 531168 | 1460712 |
| &nbsp;&nbsp;Skechers USA, Inc., Class A\* | 19431 | 935603 |
| &nbsp;&nbsp;Steven Madden Ltd. | 99505 | 3567254 |
| &nbsp;&nbsp;Unifi, Inc.\* | 484956 | 4146374 |
|  |  | **10109943** |
| &nbsp;&nbsp;**Thrifts & Mortgage Finance - 1.0%** |  |  |
| &nbsp;&nbsp;Axos Financial, Inc.\* | 38085 | 1832650 |
| &nbsp;&nbsp;NMI Holdings, Inc., Class A\* | 95670 | 2222414 |
| &nbsp;&nbsp;Radian Group, Inc. | 99624 | 2201691 |
| &nbsp;&nbsp;Walker & Dunlop, Inc. | 19400 | 1850372 |
|  |  | **8107127** |
| &nbsp;&nbsp;**Trading Companies & Distributors - 4.2%** |  |  |
| &nbsp;&nbsp;Air Lease Corp. | 154862 | 6964144 |
| &nbsp;&nbsp;FTAI Aviation Ltd. | 177899 | 3977822 |
| &nbsp;&nbsp;H&E Equipment Services, Inc. | 52239 | 2658443 |
| &nbsp;&nbsp;Herc Holdings, Inc. | 33326 | 5176194 |
| &nbsp;&nbsp;NOW, Inc.\* | 227719 | 3197175 |
| &nbsp;&nbsp;Titan Machinery, Inc.\* | 93263 | 4097976 |
| &nbsp;&nbsp;Univar Solutions, Inc.\* | 130690 | 4506191 |
| &nbsp;&nbsp;WESCO International, Inc.\* | 26828 | 3997640 |
|  |  | **34575585** |
| **TOTAL COMMON STOCKS <br> (Cost $702,413,096)** |  | **767260881** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Number of Rights** | **Value ($)** |
| **RIGHTS - 0.0% (a)** |  |  |
| &nbsp;&nbsp;**IT Services - 0.0% (a)** |  |  |
| &nbsp;&nbsp;Flexion, Inc., CVR\*‡ (b)<br> (Cost $27,802) | 44841 |  |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 7.2%** |  |  |
| **INVESTMENT COMPANIES - 7.2%** |  |  |
| &nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (c) |  |  |
| &nbsp;&nbsp; (Cost $59,450,121) | 59450121 | 59450121 |
| **Total Investments - 100.2%<br> (Cost $761,891,019)** |  | **826711002** |
| **Liabilities in excess of other assets - (0.2%)** |  | **(1261170)** |
| **Net Assets - 100.0%** |  | **825449832** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Value determined using significant unobservable inputs. |
| (a) | Represents less than 0.05% of net assets. |
| (b) | Security fair valued as of January 31, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $0, which represents approximately 0.00% of net assets of the Fund. |
| (c) | Represents 7-day effective yield as of January 31, 2023. |

---

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| ADR | American Depositary Receipt |
| CVR | Contingent Value Rights |
| REIT | Real Estate Investment Trust |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Aerospace & Defense | 4.1% |
| Air Freight & Logistics | 0.4 |
| Airlines | 1.9 |
| Auto Components | 1.5 |
| Banks | 2.9 |
| Biotechnology | 1 |
| Building Products | 1.4 |
| Capital Markets | 0.2 |
| Chemicals | 2 |
| Commercial Services & Supplies | 2.2 |
| Communications Equipment | 2.8 |
| Construction & Engineering | 1 |
| Diversified Consumer Services | 1.2 |
| Electrical Equipment | 1.3 |
| Electronic Equipment, Instruments & Components | 3.6 |
| Energy Equipment & Services | 3.7 |
| Equity Real Estate Investment Trusts (REITs) | 4 |
| Food & Staples Retailing | 0.5 |
| Food Products | 0.9 |
| Health Care Equipment & Supplies | 2.2 |
| Health Care Providers & Services | 5.8 |
| Health Care Technology | 0.6 |
| Hotels, Restaurants & Leisure | 4.3 |
| Household Durables | 3.8 |
| Insurance | 1.1 |
| Interactive Media & Services | 0.9 |
| Internet & Direct Marketing Retail | 0.5 |
| IT Services | 0.5 |
| Leisure Products | 0.6 |
| Machinery | 5.1 |
| Media | 0.4 |
| Metals & Mining | 3.1 |
| Mortgage Real Estate Investment Trusts (REITs) | 0.3 |
| Oil, Gas & Consumable Fuels | 3.8 |
| Paper & Forest Products | 0.6 |
| Pharmaceuticals | 0.9 |
| Professional Services | 0.4 |
| Road & Rail | 0.6 |
| Semiconductors & Semiconductor Equipment | 8.5 |
| Software | 2.3 |
| Specialty Retail | 3.7 |
| Textiles, Apparel & Luxury Goods | 1.2 |
| Thrifts & Mortgage Finance | 1 |
| Trading Companies & Distributors | 4.2 |
| Short-Term Investments | 7.2 |
| **Total Investments** | **100.2%** |

---

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 99.2%** | **COMMON STOCKS - 99.2%** | **COMMON STOCKS - 99.2%** |
| &nbsp;&nbsp;**Aerospace & Defense - 3.6%** |  |  |
| &nbsp;&nbsp;Curtiss-Wright Corp. | 164 | 27191 |
| &nbsp;&nbsp;Mercury Systems, Inc.\* | 401 | 20044 |
|  |  | **47235** |
| &nbsp;&nbsp;**Air Freight & Logistics - 1.1%** |  |  |
| &nbsp;&nbsp;GXO Logistics, Inc.\* | 272 | 14234 |
| &nbsp;&nbsp;**Airlines - 1.4%** |  |  |
| &nbsp;&nbsp;JetBlue Airways Corp.\* | 2277 | 18216 |
| &nbsp;&nbsp;**Auto Components - 1.1%** |  |  |
| &nbsp;&nbsp;Goodyear Tire & Rubber Co. (The)\* | 1328 | 14940 |
| &nbsp;&nbsp;**Banks - 5.9%** |  |  |
| &nbsp;&nbsp;Ameris Bancorp | 495 | 23344 |
| &nbsp;&nbsp;Independent Bank Group, Inc. | 311 | 19064 |
| &nbsp;&nbsp;Seacoast Banking Corp. of Florida | 612 | 19651 |
| &nbsp;&nbsp;Texas Capital Bancshares, Inc.\* | 235 | 15527 |
|  |  | **77586** |
| &nbsp;&nbsp;**Biotechnology - 0.9%** |  |  |
| &nbsp;&nbsp;CareDx, Inc.\* | 790 | 11803 |
| &nbsp;&nbsp;**Building Products - 2.8%** |  |  |
| &nbsp;&nbsp;AZEK Co., Inc. (The)\* | 531 | 12813 |
| &nbsp;&nbsp;Lennox International, Inc. | 93 | 24238 |
|  |  | **37051** |
| &nbsp;&nbsp;**Capital Markets - 1.7%** |  |  |
| &nbsp;&nbsp;B Riley Financial, Inc. | 296 | 12648 |
| &nbsp;&nbsp;Raymond James Financial, Inc. | 87 | 9811 |
|  |  | **22459** |
| &nbsp;&nbsp;**Chemicals - 3.3%** |  |  |
| &nbsp;&nbsp;Chemours Co. (The) | 520 | 18923 |
| &nbsp;&nbsp;Huntsman Corp. | 527 | 16700 |
| &nbsp;&nbsp;Westlake Corp. | 65 | 7979 |
|  |  | **43602** |
| &nbsp;&nbsp;**Communications Equipment - 1.9%** |  |  |
| &nbsp;&nbsp;Ciena Corp.\* | 469 | 24397 |
| &nbsp;&nbsp;**Construction & Engineering - 0.9%** |  |  |
| &nbsp;&nbsp;Ameresco, Inc., Class A\* | 180 | 11605 |
| &nbsp;&nbsp;**Electrical Equipment - 4.1%** |  |  |
| &nbsp;&nbsp;EnerSys | 253 | 21004 |
| &nbsp;&nbsp;Generac Holdings, Inc.\* | 266 | 32080 |
|  |  | **53084** |
| &nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 3.3%** |  |  |
| &nbsp;&nbsp;Belden, Inc. | 211 | 17110 |
| &nbsp;&nbsp;Coherent Corp.\* | 584 | 25346 |
|  |  | **42456** |
| &nbsp;&nbsp;**Energy Equipment & Services - 1.2%** |  |  |
| &nbsp;&nbsp;Liberty Energy, Inc., Class A | 1006 | 15925 |
| &nbsp;&nbsp;**Food & Staples Retailing - 4.1%** |  |  |
| &nbsp;&nbsp;Casey's General Stores, Inc. | 107 | 25243 |
| &nbsp;&nbsp;Performance Food Group Co.\* | 460 | 28207 |
|  |  | **53450** |
| &nbsp;&nbsp;**Food Products - 1.5%** |  |  |
| &nbsp;&nbsp;Ingredion, Inc. | 193 | 19840 |
| &nbsp;&nbsp;**Health Care Equipment & Supplies - 2.3%** |  |  |
| &nbsp;&nbsp;QuidelOrtho Corp.\* | 180 | 15410 |
| &nbsp;&nbsp;Zimmer Biomet Holdings, Inc. | 116 | 14771 |
|  |  | **30181** |
| &nbsp;&nbsp;**Health Care Providers & Services - 7.5%** |  |  |
| &nbsp;&nbsp;Amedisys, Inc.\* | 171 | 16529 |
| &nbsp;&nbsp;Cardinal Health, Inc. | 373 | 28814 |
| &nbsp;&nbsp;Owens & Minor, Inc.\* | 157 | 3099 |
| &nbsp;&nbsp;Quest Diagnostics, Inc. | 158 | 23460 |
| &nbsp;&nbsp;Select Medical Holdings Corp. | 116 | 3372 |
| &nbsp;&nbsp;Tenet Healthcare Corp.\* | 416 | 22818 |
|  |  | **98092** |
| &nbsp;&nbsp;**Hotels, Restaurants & Leisure - 8.9%** |  |  |
| &nbsp;&nbsp;Aramark | 567 | 25248 |
| &nbsp;&nbsp;Bloomin' Brands, Inc. | 181 | 4389 |
| &nbsp;&nbsp;Cheesecake Factory, Inc. (The) | 694 | 27239 |
| &nbsp;&nbsp;Chuy's Holdings, Inc.\* | 426 | 14582 |
| &nbsp;&nbsp;Cracker Barrel Old Country Store, Inc. | 188 | 20977 |
| &nbsp;&nbsp;Denny's Corp.\* | 1177 | 14148 |
| &nbsp;&nbsp;Vail Resorts, Inc. | 37 | 9707 |
|  |  | **116290** |
| &nbsp;&nbsp;**Household Durables - 3.3%** |  |  |
| &nbsp;&nbsp;Beazer Homes USA, Inc.\* | 796 | 13030 |
| &nbsp;&nbsp;LGI Homes, Inc.\* | 200 | 22770 |
| &nbsp;&nbsp;Toll Brothers, Inc. | 132 | 7853 |
|  |  | **43653** |
| &nbsp;&nbsp;**Insurance - 1.5%** |  |  |
| &nbsp;&nbsp;Old Republic International Corp. | 760 | 20056 |
| &nbsp;&nbsp;**Internet & Direct Marketing Retail - 1.5%** |  |  |
| &nbsp;&nbsp;Chewy, Inc., Class A\* | 445 | 20052 |
| &nbsp;&nbsp;**IT Services - 0.5%** |  |  |
| &nbsp;&nbsp;Amdocs Ltd. | 66 | 6067 |
| &nbsp;&nbsp;**Leisure Products - 1.5%** |  |  |
| &nbsp;&nbsp;Topgolf Callaway Brands Corp.\* | 800 | 19592 |
| &nbsp;&nbsp;**Life Sciences Tools & Services - 1.6%** |  |  |
| &nbsp;&nbsp;Avantor, Inc.\* | 626 | 14962 |
| &nbsp;&nbsp;PerkinElmer, Inc. | 42 | 5776 |
|  |  | **20738** |
| &nbsp;&nbsp;**Machinery - 3.5%** |  |  |
| &nbsp;&nbsp;Donaldson Co., Inc. | 59 | 3679 |

---

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;Dover Corp. | 88 | 13361 |
| &nbsp;&nbsp;Flowserve Corp. | 605 | 20824 |
| &nbsp;&nbsp;Ingersoll Rand, Inc. | 140 | 7840 |
|  |  | **45704** |
| &nbsp;&nbsp;**Metals & Mining - 2.4%** |  |  |
| &nbsp;&nbsp;Cleveland-Cliffs, Inc.\* | 1477 | 31534 |
| &nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 7.7%** |  |  |
| &nbsp;&nbsp;Chesapeake Energy Corp. | 311 | 26970 |
| &nbsp;&nbsp;HF Sinclair Corp. | 424 | 24126 |
| &nbsp;&nbsp;Matador Resources Co. | 384 | 25405 |
| &nbsp;&nbsp;Permian Resources Corp. | 413 | 4489 |
| &nbsp;&nbsp;SM Energy Co. | 608 | 19985 |
|  |  | **100975** |
| &nbsp;&nbsp;**Pharmaceuticals - 1.1%** |  |  |
| &nbsp;&nbsp;Pacira BioSciences, Inc.\* | 366 | 14373 |
| &nbsp;&nbsp;**Road & Rail - 1.2%** |  |  |
| &nbsp;&nbsp;XPO, Inc.\* | 375 | 14947 |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 6.3%** |  |  |
| &nbsp;&nbsp;Amkor Technology, Inc. | 635 | 18580 |
| &nbsp;&nbsp;MKS Instruments, Inc. | 269 | 27524 |
| &nbsp;&nbsp;ON Semiconductor Corp.\* | 303 | 22255 |
| &nbsp;&nbsp;Onto Innovation, Inc.\* | 176 | 13843 |
|  |  | **82202** |
| &nbsp;&nbsp;**Specialty Retail - 2.8%** |  |  |
| &nbsp;&nbsp;Advance Auto Parts, Inc. | 25 | 3807 |
| &nbsp;&nbsp;Lithia Motors, Inc., Class A | 98 | 25793 |
| &nbsp;&nbsp;RH\* | 23 | 7176 |
|  |  | **36776** |
| &nbsp;&nbsp;**Textiles, Apparel & Luxury Goods - 1.4%** |  |  |
| &nbsp;&nbsp;Deckers Outdoor Corp.\* | 10 | 4275 |
| &nbsp;&nbsp;Skechers USA, Inc., Class A\* | 94 | 4526 |
| &nbsp;&nbsp;Steven Madden Ltd. | 270 | 9679 |
|  |  | **18480** |
| &nbsp;&nbsp;**Thrifts & Mortgage Finance - 3.4%** |  |  |
| &nbsp;&nbsp;Radian Group, Inc. | 816 | 18033 |
| &nbsp;&nbsp;Rocket Cos., Inc., Class A | 1204 | 11330 |
| &nbsp;&nbsp;Walker & Dunlop, Inc. | 157 | 14975 |
|  |  | **44338** |
| &nbsp;&nbsp;**Trading Companies & Distributors - 2.0%** |  |  |
| &nbsp;&nbsp;Air Lease Corp. | 580 | 26083 |
| **TOTAL COMMON STOCKS <br> (Cost $1,280,745)** |  | **1298016** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS - 3.7%** |  |  |
| **INVESTMENT COMPANIES - 3.7%** |  |  |
| &nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (a) |  |  |
| &nbsp;&nbsp; (Cost $49,019) | 49019.0 | 49019 |
| **Total Investments - 102.9%<br> (Cost $1,329,764)** |  | **1347035** |
| **Liabilities in excess of other assets - (2.9%)** |  | **(37799)** |
| **Net Assets - 100.0%** |  | **1309236** |

---

\* Non-income producing security. <br> (a) Represents 7-day effective yield as of January 31, 2023.

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund<br> Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net <br> Assets** |
| Aerospace & Defense | 3.6% |
| Air Freight & Logistics | 1.1 |
| Airlines | 1.4 |
| Auto Components | 1.1 |
| Banks | 5.9 |
| Biotechnology | 0.9 |
| Building Products | 2.8 |
| Capital Markets | 1.7 |
| Chemicals | 3.3 |
| Communications Equipment | 1.9 |
| Construction & Engineering | 0.9 |
| Electrical Equipment | 4.1 |
| Electronic Equipment, Instruments & Components | 3.3 |
| Energy Equipment & Services | 1.2 |
| Food & Staples Retailing | 4.1 |
| Food Products | 1.5 |
| Health Care Equipment & Supplies | 2.3 |
| Health Care Providers & Services | 7.5 |
| Hotels, Restaurants & Leisure | 8.9 |
| Household Durables | 3.3 |
| Insurance | 1.5 |
| Internet & Direct Marketing Retail | 1.5 |
| IT Services | 0.5 |
| Leisure Products | 1.5 |
| Life Sciences Tools & Services | 1.6 |
| Machinery | 3.5 |
| Metals & Mining | 2.4 |
| Oil, Gas & Consumable Fuels | 7.7 |
| Pharmaceuticals | 1.1 |
| Road & Rail | 1.2 |
| Semiconductors & Semiconductor Equipment | 6.3 |
| Specialty Retail | 2.8 |
| Textiles, Apparel & Luxury Goods | 1.4 |
| Thrifts & Mortgage Finance | 3.4 |
| Trading Companies & Distributors | 2.0 |
| Short-Term Investments | 3.7 |
| **Total Investments** | **102.9%** |

---

See Notes to Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **COMMON STOCKS - 83.2%** | **COMMON STOCKS - 83.2%** | **COMMON STOCKS - 83.2%** |
| &nbsp;&nbsp;**Australia - 2.8%** | &nbsp;&nbsp;**Australia - 2.8%** | &nbsp;&nbsp;**Australia - 2.8%** |
| &nbsp;&nbsp;Glencore plc | 53934 | 361190 |
| &nbsp;&nbsp;**Belgium - 0.8%** |  |  |
| &nbsp;&nbsp;Shurgard Self Storage SA | 2139 | 103216 |
| &nbsp;&nbsp;**Brazil - 1.8%** |  |  |
| &nbsp;&nbsp;Wheaton Precious Metals Corp. | 5139 | 234983 |
| &nbsp;&nbsp;**Canada - 10.1%** |  |  |
| &nbsp;&nbsp;Barrick Gold Corp. | 4402 | 86085 |
| &nbsp;&nbsp;Canadian National Railway Co. | 1695 | 201762 |
| &nbsp;&nbsp;Canadian Pacific Railway Ltd. | 2343 | 184932 |
| &nbsp;&nbsp;Franco-Nevada Corp. | 1242 | 182181 |
| &nbsp;&nbsp;Imperial Oil Ltd. | 4652 | 254251 |
| &nbsp;&nbsp;Nutrien Ltd. | 3567 | 295268 |
| &nbsp;&nbsp;StorageVault Canada, Inc. | 18394 | 88891 |
|  |  | **1293370** |
| &nbsp;&nbsp;**Faroe Islands - 0.9%** |  |  |
| &nbsp;&nbsp;Bakkafrost P/F | 1908 | 118394 |
| &nbsp;&nbsp;**France - 0.9%** |  |  |
| &nbsp;&nbsp;Air Liquide SA | 719 | 114484 |
| &nbsp;&nbsp;**Germany - 1.9%** |  |  |
| &nbsp;&nbsp;FUCHS PETROLUB SE (Preference) | 6027 | 240443 |
| &nbsp;&nbsp;**Hong Kong - 4.0%** |  |  |
| &nbsp;&nbsp;CK Asset Holdings Ltd. | 31000 | 198199 |
| &nbsp;&nbsp;Guoco Group Ltd. | 4000 | 36860 |
| &nbsp;&nbsp;Hongkong Land Holdings Ltd. | 38400 | 187729 |
| &nbsp;&nbsp;Hysan Development Co. Ltd. | 27000 | 90840 |
|  |  | **513628** |
| &nbsp;&nbsp;**Ireland - 1.3%** |  |  |
| &nbsp;&nbsp;CRH plc | 3502 | 163622 |
| &nbsp;&nbsp;**Israel - 0.8%** |  |  |
| &nbsp;&nbsp;ICL Group Ltd. | 12657 | 100876 |
| &nbsp;&nbsp;**Japan - 4.0%** |  |  |
| &nbsp;&nbsp;Kansai Paint Co. Ltd. | 5000 | 70415 |
| &nbsp;&nbsp;Komatsu Ltd. | 10700 | 262947 |
| &nbsp;&nbsp;Mitsubishi Estate Co. Ltd. | 6700 | 86116 |
| &nbsp;&nbsp;Shin-Etsu Chemical Co. Ltd. | 600 | 88454 |
|  |  | **507932** |
| &nbsp;&nbsp;**Mexico - 2.8%** |  |  |
| &nbsp;&nbsp;GMexico Transportes SAB de CV (a) | 17003 | 36840 |
| &nbsp;&nbsp;Grupo Mexico SAB de CV, Series B | 71013 | 315798 |
|  |  | **352638** |
| &nbsp;&nbsp;**Netherlands - 1.0%** |  |  |
| &nbsp;&nbsp;Shell plc | 4563 | 133825 |
| &nbsp;&nbsp;**Russia - 0.0%** |  |  |
| &nbsp;&nbsp;Alrosa PJSC\*‡ (b) | 48132 |  |
| &nbsp;&nbsp;**Singapore - 1.6%** |  |  |
| &nbsp;&nbsp;UOL Group Ltd. | 39600 | 211289 |
| &nbsp;&nbsp;**Spain - 1.4%** |  |  |
| &nbsp;&nbsp;Aena SME SA\* (a) | 1186 | 178195 |
| &nbsp;&nbsp;**United Kingdom - 5.5%** |  |  |
| &nbsp;&nbsp;Berkeley Group Holdings plc | 2109 | 107997 |
| &nbsp;&nbsp;Big Yellow Group plc, REIT | 6688 | 99753 |
| &nbsp;&nbsp;Great Portland Estates plc, REIT | 6061 | 42555 |
| &nbsp;&nbsp;Severn Trent plc | 2886 | 100435 |
| &nbsp;&nbsp;United Utilities Group plc | 27170 | 355522 |
|  |  | **706262** |
| &nbsp;&nbsp;**United States - 41.6%** |  |  |
| &nbsp;&nbsp;American Homes 4 Rent, Class A, REIT | 7587 | 260158 |
| &nbsp;&nbsp;American Water Works Co., Inc. | 215 | 33645 |
| &nbsp;&nbsp;Ball Corp. | 725 | 42224 |
| &nbsp;&nbsp;Boston Properties, Inc., REIT | 1472 | 109723 |
| &nbsp;&nbsp;Charter Communications, Inc., Class A\* | 550 | 211371 |
| &nbsp;&nbsp;Chevron Corp. | 1869 | 325243 |
| &nbsp;&nbsp;Comcast Corp., Class A | 1669 | 65675 |
| &nbsp;&nbsp;Cummins, Inc. | 488 | 121776 |
| &nbsp;&nbsp;Deere & Co. | 140 | 59198 |
| &nbsp;&nbsp;Douglas Emmett, Inc., REIT | 5079 | 85073 |
| &nbsp;&nbsp;DR Horton, Inc. | 1296 | 127902 |
| &nbsp;&nbsp;EOG Resources, Inc. | 581 | 76837 |
| &nbsp;&nbsp;Equinix, Inc., REIT | 218 | 160912 |
| &nbsp;&nbsp;Equity Residential, REIT | 3409 | 216983 |
| &nbsp;&nbsp;Extra Space Storage, Inc., REIT | 410 | 64710 |
| &nbsp;&nbsp;Exxon Mobil Corp. | 3214 | 372856 |
| &nbsp;&nbsp;HCA Healthcare, Inc. | 607 | 154828 |
| &nbsp;&nbsp;Home Depot, Inc. (The) | 190 | 61592 |
| &nbsp;&nbsp;IDACORP, Inc. | 1190 | 125914 |
| &nbsp;&nbsp;Mid-America Apartment Communities, Inc., REIT | 902 | 150382 |
| &nbsp;&nbsp;National Energy Services Reunited Corp.\* | 13733 | 103822 |
| &nbsp;&nbsp;Newmont Corp. | 1426 | 75478 |
| &nbsp;&nbsp;NOV, Inc. | 16633 | 406511 |
| &nbsp;&nbsp;Phillips 66 | 1818 | 182291 |
| &nbsp;&nbsp;PPG Industries, Inc. | 924 | 120434 |
| &nbsp;&nbsp;Royal Gold, Inc. | 1588 | 201724 |
| &nbsp;&nbsp;RPM International, Inc. | 2121 | 190699 |
| &nbsp;&nbsp;SBA Communications Corp., REIT | 742 | 220767 |
| &nbsp;&nbsp;Schlumberger Ltd. | 7691 | 438233 |
| &nbsp;&nbsp;Terreno Realty Corp., REIT | 908 | 58502 |
| &nbsp;&nbsp;UGI Corp. | 6226 | 247982 |
| &nbsp;&nbsp;Walmart, Inc. | 438 | 63015 |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| &nbsp;&nbsp;Williams Cos., Inc. (The) | 6154 | 198405 |
|  |  | **5334865** |
| **TOTAL COMMON STOCKS <br> (Cost $10,048,346)** |  | **10669212** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Ounces** | **Value ($)** |
| **COMMODITIES - 9.0%** |  |  |
| &nbsp;&nbsp;Gold bullion\* |  |  |
| &nbsp;&nbsp;(Cost $1,072,790) | 602 | 1159832 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **MASTER LIMITED PARTNERSHIPS - 3.3%** |  |  |
| &nbsp;&nbsp;**United States - 3.3%** |  |  |
| &nbsp;&nbsp;Enterprise Products Partners LP | 8726 | 223386 |
| &nbsp;&nbsp;Magellan Midstream Partners LP | 3671 | 196031 |
| **TOTAL MASTER LIMITED PARTNERSHIPS <br> (Cost 374,834)** |  | **419417** |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **EXCHANGE TRADED FUNDS - 1.6%** |  |  |
| **United States** |  |  |
| &nbsp;&nbsp;iShares Gold Trust\* |  |  |
| &nbsp;&nbsp; (Cost $189,043) | 5566 | 203660 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount ($)** | **Value ($)** |
| **U.S. TREASURY OBLIGATIONS - 0.9%** |  |  |
| &nbsp;&nbsp;U.S. Treasury Inflation Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.13%, 4/15/2027 <br> (Cost $121,281) | 119500 | 118992 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
| **SHORT-TERM INVESTMENTS - 1.6%** |  |  |
| **INVESTMENT COMPANIES - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (c) <br> (Cost $206,133) | 206133 | 206133 |
| **Total Investments - 99.6%<br> (Cost $12,012,427)** |  | **12777246** |
| **Other assets less liabilities - 0.4%** |  | **55781** |
| **Net Assets - 100.0%** |  | **12833027** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| ‡ | Value determined using significant unobservable inputs. |
| (a) | Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale. |
| (b) | Security fair valued as of January 31, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $0, which represents approximately 0.00% of net assets of the Fund. |
| (c) | Represents 7-day effective yield as of January 31, 2023. |

---

---

| | |
|:---|:---|
| **Abbreviations** | **Abbreviations** |
| PJSC | Public Joint Stock Company |
| Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. |
| REIT | Real Estate Investment Trust |

---

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund<br> Consolidated Schedule of Investments<br> January 31, 2023 (unaudited)

---

| | |
|:---|:---|
| **Industry Diversification for Portfolio Holdings** | **Percent of Net<br> Assets** |
| Chemicals | 9.5% |
| Commodities | 9 |
| Commodity Funds | 1.6 |
| Construction Materials | 1.3 |
| Containers & Packaging | 0.3 |
| Electric Utilities | 1 |
| Energy Equipment & Services | 7.4 |
| Equity Real Estate Investment Trusts (REITs) | 11.5 |
| Food & Staples Retailing | 0.5 |
| Food Products | 0.9 |
| Gas Utilities | 1.9 |
| Health Care Providers & Services | 1.2 |
| Household Durables | 1.8 |
| Industrial Conglomerates | 0.3 |
| Machinery | 3.5 |
| Media | 2.2 |
| Metals & Mining | 11.4 |
| Oil, Gas & Consumable Fuels | 15.3 |
| Real Estate Management & Development | 7.5 |
| Road & Rail | 3.3 |
| Specialty Retail | 0.5 |
| Transportation Infrastructure | 1.4 |
| U.S. Treasury Obligations | 0.9 |
| Water Utilities | 3.8 |
| Short-Term Investments | 1.6 |
| **Total Investments** | **99.6%** |

---

See Notes to Consolidated Schedule of Investments. (Continued)

**FIRST EAGLE FUNDS**

**NOTES TO SCHEDULES OF INVESTMENTS (unaudited)**

First Eagle Funds (the "Trust"), is an open-end management investment company registered under the Investment Company Act of 1940, as amended ("1940 Act"). As of January 31, 2023, the Trust consists of ten separate portfolios, the First Eagle Global Fund, First Eagle Overseas Fund, First Eagle U.S. Value Fund, First Eagle Gold Fund, First Eagle Global Income Builder Fund, First Eagle High Income Fund, First Eagle Fund of America (renamed First Eagle Rising Dividend Fund as of March 1, 2023), First Eagle Small Cap Opportunity Fund, First Eagle U.S. Smid Cap Opportunity Fund and First Eagle Global Real Assets Fund (each individually a "Fund" or collectively the "Funds"). All the Funds are diversified mutual funds except for First Eagle Gold Fund and First Eagle Fund of America, which are non-diversified. The Trust is a Delaware statutory trust. The First Eagle Global Fund seeks long-term growth of capital by investing in a range of asset classes from markets in the United States and throughout the world. The First Eagle Overseas Fund seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations. The First Eagle U.S. Value Fund seeks long-term growth of capital by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt securities. The First Eagle Gold Fund seeks to provide investors the opportunity to participate in the investment characteristics of gold (and to a limited extent other precious metals) for a portion of their overall investment portfolio. The First Eagle Global Income Builder Fund seeks current income generation and long-term growth of capital. The First Eagle High Income Fund seeks to provide investors with a high level of current income. The First Eagle Fund of America seeks capital appreciation and current income by investing primarily in domestic stocks and, to a lesser extent, in debt and foreign equity instruments. The First Eagle Small Cap Opportunity Fund seeks long-term growth of capital. The First Eagle U.S. Smid Cap Opportunity Fund seeks long-term growth of capital by investing, under normal circumstances, in equity securities of small- and mid-cap ("smid cap") companies in an attempt to take advantage of what the Adviser believes are opportunistic situations for undervalued securities. The First Eagle Global Real Assets Fund seeks long-term growth of capital.

The Funds offer seven share classes, Class A shares, Class C shares, Class I shares, Class R3 shares, Class R4 shares, Class R5 shares and Class R6 shares, except for the First Eagle Small Cap Opportunity Fund, First Eagle U.S. Smid Cap Opportunity Fund and First Eagle Global Real Assets Fund, which offer Class A shares, Class I shares and Class R6 shares only. On February 28, 2022, First Eagle Fund of America's Class Y shares converted into Class A shares. As a result, Class Y shares were terminated.

First Eagle Investment Management, LLC (the "Adviser"), a subsidiary of First Eagle Holdings, Inc. ("First Eagle Holdings"), manages the Funds. A controlling interest in First Eagle Holdings is owned by BCP CC Holdings L.P., a Delaware limited partnership ("BCP CC Holdings"). BCP CC Holdings GP L.L.C., a Delaware limited liability company ("BCP CC Holdings GP"), is the general partner of BCP CC Holdings and has two managing members, Blackstone Capital Partners VI L.P. ("BCP VI") and Corsair IV Financial Services Capital Partners L.P. ("Corsair IV"). BCP VI and Corsair IV are indirectly controlled by Blackstone Inc. ("Blackstone") and Corsair Capital LLC ("Corsair"), respectively. Investment vehicles indirectly controlled by Blackstone and Corsair and certain co-investors own a majority economic interest in First Eagle Holdings and the Adviser through BCP CC Holdings.

The following is a summary of significant accounting policies that are adhered to by the Funds. The Funds are investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946 — Investment Companies, which is part of U.S. generally accepted accounting principles ("GAAP").

**a)** **Investments in Subsidiaries** — The First Eagle Global Fund (the "Global Fund"),
 First Eagle Overseas Fund (the "Overseas Fund"), First Eagle U.S. Value Fund
 (the "U.S. Value Fund"), First Eagle Gold Fund (the "Gold Fund")
 and First Eagle Global Real Assets Fund (the "Global Real Assets Fund") may invest
 in certain precious metals through their investment in the First Eagle Global Cayman Fund,
 Ltd., First
Eagle Overseas Cayman Fund, Ltd., First Eagle U.S. Value Cayman Fund, Ltd., First Eagle Gold Cayman Fund, Ltd., and First Eagle
Global Real Assets Cayman Fund, Ltd., respectively, each a wholly owned subsidiary (each referred to herein as a
"Subsidiary" or collectively "the Subsidiaries"). Each Fund may invest up to 25% of its total assets in
shares of its respective Subsidiary. Each Subsidiary has the ability to invest in commodities and securities consistent with the
invest- ment objective of its respective Fund. Substantially all of each Subsidiary's assets represent physical gold bullion,
and First Eagle Gold Cayman Fund, Ltd. also holds physical silver. Trading in bullion directly by the Funds presents the risk of tax
consequences (e.g., a change in the Funds' tax status subjecting the Funds to be taxed at the Fund level on all of their
income if the Funds' "non- qualifying income" exceeds 10% of the Funds' gross income in any taxable year).
Trading in bullion by the Subsidiaries generally does not present the same tax risks.

The First Eagle Global Cayman Fund, Ltd., established on October 18, 2013, is an exempted company under the laws of the Cayman Islands. The consolidated schedule of investments include the accounts of the Global Fund and the First Eagle Global Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Global Cayman Fund, Ltd. has $4,742,830,152 in net assets, representing 9.86% of the Global Fund's net assets.

The First Eagle Overseas Cayman Fund, Ltd., established on October 18, 2013, is an exempted company under the laws of the Cayman Islands. The consolidated schedule of investments include the accounts of the Overseas Fund and the First Eagle Overseas Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Overseas Cayman Fund, Ltd. has $1,013,015,712 in net assets, representing 7.92% of the Overseas Fund's net assets.

The First Eagle U.S. Value Cayman Fund, Ltd., established on January 24, 2012, is an exempted company under the laws of the Cayman Islands. The consolidated schedule of investments include the accounts of the U.S. Value Fund and the First Eagle U.S. Value Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle U.S. Value Cayman Fund, Ltd. has $139,804,528 in net assets, representing 11.46% of the U.S. Value Fund's net assets.

The First Eagle Gold Cayman Fund, Ltd., established on May 28, 2010, is an exempted company under the laws of the Cayman Islands. The consolidated schedule of investments include the accounts of the Gold Fund and the First Eagle Gold Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Gold Cayman Fund, Ltd. has $410,602,039 in net assets, representing 17.77% of the Gold Fund's net assets.

The First Eagle Global Real Assets Cayman Fund, Ltd., established on September 9, 2021, is an exempted company under the laws of the Cayman Islands. The consolidated schedule of investments include the accounts of the Global Real Assets Fund and the First Eagle Global Real Assets Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Global Real Assets Cayman Fund, Ltd. has $1,362,074 in net assets, representing 10.61% of the Global Real Assets Fund's net assets.

**b)** **Investment Valuation** — Each Fund computes its net asset value once daily as of the close of
 trading on each day the New York Stock Exchange ("NYSE") is open for trading.
 The net asset value per share is computed by dividing the total current value of the assets
 of a Fund, less its liabilities, by the total number of shares outstanding at the time of
 such computation.

A portfolio security (including an option or warrant), other than a bond, which is traded on a U.S. national securities exchange or a securities exchange abroad is generally valued at the price of the official close (last quoted sales price if an official closing price is not available) as of the local market close on the primary exchange. If there are no round lot sales on such date, such security will be valued at the mean between the closing bid and asked prices (and if there is only a bid or only an asked price on such date, valuation will be at such bid or asked price for long or short positions, respectively). Securities, other than bonds, traded in the over-the-counter market are valued at the mean between the last bid and asked prices prior to the time of valuation (and if there is only a bid or only an asked price on such date, valuation will be at such bid or asked price for long or short positions, respectively), except if such unlisted security is traded on the NASDAQ in which case it is valued at the NASDAQ Official Closing Price. Such prices are provided by approved pricing vendors or other independent pricing sources.

All bonds, whether listed on an exchange or traded in the over-counter-market for which market quotations are readily available are generally priced at the evaluated bid price provided by an approved pricing service as of the close of the NYSE (normally 4:00 p.m. Eastern Time), or dealers in the over-the-counter markets in the United States or abroad. Pricing services and broker-dealers use multiple valuation techniques to determine value. In instances where sufficient market activity exists, dealers or pricing services utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the dealers or pricing services also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining value and/or market characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon-rates, anticipated timing of principal repayments, underlying collateral, and other unique security features in order to estimate the relevant cash flows, which are then discounted to calculate the fair values. The Adviser's Valuation Committee, at least annually, will review the pricing service's inputs, methods, models and assumptions for its evaluated prices. Short-term debt maturing in 60 days or less is valued at evaluated bid prices.

Commodities (such as physical metals) are valued at a calculated evaluated mean price, as provided by an independent price source as of the close of the NYSE.

Forward foreign currency exchange contracts are valued at the current cost of covering or offsetting such contracts, by reference to forward currency rates at the time the NYSE closes, as provided by an independent pricing source.

The spot exchange rates, as provided by an independent price source as of the close of the NYSE, are used to convert foreign security prices into U.S. dollars.

Any security that is listed or traded on more than one exchange (or traded in multiple markets) is valued at the official close on the primary exchange or market on which they are traded. In the absence of such a quotation, a security may be valued at the last quoted sales price on the most active exchange or market as determined by the independent pricing agent. The Funds use pricing services to identify the market prices of publicly traded securities in their portfolios. When market prices are determined to be "stale" as a result of limited market activity for a particular holding or have been materially affected by events occurring after the close of trading on the exchange or market on which the security is principally traded but before the Fund's NAV is calculated, or in other circumstances when market quotations are not readily available within the meaning of applicable regulations, such as for private placements, or determined to be unreliable for a particular holding, such holdings may be "fair valued" in accordance with procedures adopted by the Board of Trustees ("Board"). The values assigned to a Fund's holdings therefore may differ on occasion from reported market values.

Additionally, trading of foreign equity securities on most foreign markets is completed before the close in trading in the U.S. markets. The Funds have implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. The fair value pricing utilizes factors provided by an independent pricing service. The values assigned to a Fund's holdings therefore may differ on occasion from reported market values, especially during periods of higher market price volatility. The Board and the Adviser believe relying on the procedures as just described will result in prices that are more reflective of the actual market value of portfolio securities held by the Funds than relying solely on reported market values.

The Funds adopted provisions surrounding fair value measurements and disclosures that define fair value, establish a framework for measuring fair value in GAAP and expand disclosures about fair value measurements. This applies to fair value measurements that are already required or permitted by other accounting standards and is intended to increase consistency of those measurements and applies broadly to securities and other types of assets and liabilities.

The Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs or assumptions to valuation techniques used to measure fair value. These inputs are used in determining the value of the Funds' investments and are summarized in the following fair value hierarchy:

Level 1 — Quoted prices in active markets for identical securities.

Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 — Other significant unobservable inputs (including the Fund's own assumption in determining the fair value of investments).

The significant unobservable inputs that may be used in determining valuations for investments identified within Level 3 are market comparables and the enterprise value of a company. Indications of value and quotations may be observable at any given time, but are currently treated by the Funds as unobservable. Significant changes in any of the unobservable inputs may significantly impact the fair value measurement. The impact is based on the relationship between each unobservable input and the fair value measurement.

Significant increases (decreases) in enterprise multiples may increase (decrease) the fair value measurement. Significant increases (decreases) in the discount for marketability, probability of insolvency and probability of default may decrease (increase) the fair value measurement.

Fair valuation of securities, other financial investments or other assets (collectively, "securities") held by the Funds are determined in good faith by the Adviser as "valuation designee" under the oversight of the Board. The Board Valuation, Liquidity and Allocations Committee (the "Committee") oversees the execution of the valuation and liquidity procedures for the Funds. Effective September 8, 2022, and in accordance with Rule 2a-5 under the 1940 Act, the Funds' Board has designated the Adviser the "valuation designee" to perform the Fund's fair value determinations. The Adviser's fair valuation process is subject to Board oversight and certain reporting and other requirements and the Funds' fair valuation policy has been revised to incorporate changes required by Rule 2a-5.

The following is a summary of the Funds' inputs used to value the Funds' investments as of January 31, 2023:

**First Eagle Global Fund**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3<sup>‡</sup>** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $23956927516 | $14597469579 (a) | $– | $38554397095 |
| Corporate Bonds |  |  | 4961302 (b) | 4961302 |
| Commodities <sup>\*</sup> |  | 5330702334 |  | 5330702334 |
| Foreign Government Securities |  | 501394183 |  | 501394183 |
| Short-Term Investments | 221835 | 3671117543 | – | 3671339378 |
| &nbsp;&nbsp;&nbsp;**Total** | $**23957149351** | $**24100683639** | $**4961302** | $**48062794292** |
| **Liabilities:** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts<sup>\*\*</sup> | $– | $(14427036) | $– | $(14427036) |
| &nbsp;&nbsp;&nbsp;**Total** | $**–** | $**(14427036)** | $**–** | $**(14427036)** |

---

---

| | |
|:---|:---|
| (a) | The Fund has implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. See Note 1 for additional details. |
| (b) | These investments are valued by brokers and pricing services. The inputs for these investments are not readily available or cannot be reasonably estimated and are generally those inputs described in Note 1. |
| † | See Consolidated Schedule of Investments for additional detailed categorizations. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Represents gold bullion. |
| \*\* | Forward Foreign Currency Exchange Contracts are valued at net unrealized appreciation (depreciation) on the contracts. |

---

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Corporate<br> Bonds** | **Foreign <br> Government <br> Securities** | **Total** |
| Beginning Balance —market value | $5207318 | $131252430 | $136459748 |
| Purchases<sup>(1)</sup> |  |  |  |
| Sales<sup>(2)</sup> |  |  |  |
| Transfer In — Level 3 |  |  |  |
| Transfer Out — Level 3 |  | (131252430)(a) | (131252430) |
| Accrued discounts/ (premiums) | 12439 |  | 12439 |
| Realized Gains (Losses) |  |  |  |
| Change in Unrealized Appreciation (Depreciation) | (258455) |  | (258455) |
| Ending Balance — market value | $4961302 | $— | $4961302 |
| Change in unrealized gains or (losses) relating to assets still held at reporting date | $(258455) | $— | $(258455) |

---

(a) Transfers from Level 3 to Level 2 are due to an increase in market activity, e.g., frequency of trades, which resulted in an increase in available market inputs to determine the price.

(1) Purchases include all purchases of securities and securities received in corporate actions.

(2) Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

**First Eagle Overseas Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3<sup>‡</sup>** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $2618589987 | $7806374699 (a) | $15197108 | $10440161794 |
| Commodities <sup>\*</sup> |  | 1397788020 |  | 1397788020 |
| Foreign Government Securities |  | 276869929 |  | 276869929 |
| Short-Term Investments | 70420 | 503470316 | – | 503540736 |
| &nbsp;&nbsp;&nbsp;**Total** | $**2618660407** | $**9984502964** | $**15197108** | $**12618360479** |
| **Liabilities:** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts<sup>\*\*</sup> | $– | $(7719272) | $– | $(7719272) |
| &nbsp;&nbsp;&nbsp;**Total** | $**–** | $**(7719272)** | $**–** | $**(7719272)** |

---

---

| | |
|:---|:---|
| (a) | The Fund has implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. See Note 1 for additional details. |
| † | See Consolidated Schedule of Investments for additional detailed categorizations. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Represents gold bullion. |
| \*\* | Forward Foreign Currency Exchange Contracts are valued at net unrealized appreciation (depreciation) on the contracts. |

---

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Common<br> Stocks** | **Foreign<br> Government<br> Security** | <br>**Total** |
| Beginning Balance —market value | $14924062 | $128237726 | $143161788 |
| Purchases<sup>(1)</sup> |  |  |  |
| Sales<sup>(2)</sup> |  |  |  |
| Transfer In — Level 3 |  |  |  |
| Transfer Out — Level 3 |  | (128237726)(a) | (128237726) |
| Accrued discounts/ (premiums) |  |  |  |
| Realized Gains (Losses) |  |  |  |
| Change in Unrealized Appreciation (Depreciation) | 273046 |  | 273046 |
| Ending Balance — market value | $15197108 | $— | $15197108 |
| Change in unrealized gains or (losses) relating to assets still held at reporting date | $273046 | $— | $273046 |

---

(a) Transfers from Level 3 to Level 2 are due to an increase in market activity, e.g., frequency of trades, which resulted in an increase in available market inputs to determine the price.

(1) Purchases include all purchases of securities and securities received in corporate actions.

(2) Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

**Quantitative Information about Level 3 Fair Value Measurements**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair Value as of <br> January 31, 2023 | Valuation Technique(s) | Unobservable Input | Range (Weighted<br> Average) | Direction Change in Fair Value<br> Resulting from Increase in <br> Unobservable Input (a) |
| Common Stocks | 15197108 | Market Comparable Companies | Enterprise Value Multiple | 0.36X - 9.35X (4.88X) | Increase |
| **Total** | **15197108** |  |  |  |  |
| (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. |

---

**First Eagle U.S. Value Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3<sup>‡</sup>** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $903177570 | $3755328 (a) | $– | $906932898 |
| Convertible Preferred Stocks | 5287850 |  |  | 5287850 |
| Corporate Bonds |  | 656063 | 4356693 (b) | 5012756 |
| Commodities <sup>\*</sup> |  | 139839718 |  | 139839718 |
| Master Limited Partnerships | 33959106 |  |  | 33959106 |
| Short-Term Investments | 14346 | 129008570 | – | 129022916 |
| &nbsp;&nbsp;&nbsp;**Total** | $**942438872** | $**273259679** | $**4356693** | $**1220055244** |

---

---

| | |
|:---|:---|
| (a) | The Fund has implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. See Note 1 for additional details. |
| (b) | These investments are valued by brokers and pricing services. The inputs for these investments are not readily available or cannot be reasonably estimated and are generally those inputs described in Note 1. |
| † | See Consolidated Schedule of Investments for additional detailed categorizations. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Represents gold bullion. |

---

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

---

| | |
|:---|:---|
|  | **Corporate Bonds** |
| Beginning Balance —market value | $3954544 |
| Purchases<sup>(1)</sup> |  |
| Sales<sup>(2)</sup> |  |
| Transfer In — Level 3 |  |
| Transfer Out — Level 3 |  |
| Accrued discounts/ (premiums) | 27623 |
| Realized Gains (Losses) |  |
| Change in Unrealized Appreciation (Depreciation) | 374526 |
| Ending Balance — market value | $4356693 |
| Change in unrealized gains or (losses) relating to assets still held at reporting date | $374526 |

---

(1) Purchases include all purchases of securities and securities received in corporate actions.

(2) Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

**First Eagle Gold Fund**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $1657725613 | $173279803 (a) | $– | $1831005416 |
| Commodities <sup>\*</sup> |  | 410770929 |  | 410770929 |
| Rights | 4340649 |  |  | 4340649 |
| Short-Term Investments | 51714 | 44073319 | – | 44125033 |
| &nbsp;&nbsp;&nbsp;**Total** | $**1662117976** | $**628124051** | $**–** | $**2290242027** |

---

---

| | |
|:---|:---|
| (a) | The Fund has implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. See Note 1 for additional details. |
| † | See Consolidated Schedule of Investments for additional detailed categorizations. |
| \* | Represents gold and silver bullion. |

---

**First Eagle Global Income Builder Fund**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3<sup>‡</sup>** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $505901112 | $556620846 (a) | $– | $1062521958 |
| Convertible Preferred Stocks | 27051746 |  |  | 27051746 |
| Corporate Bonds |  | 155865983 | 12165434 (b) | 168031417 |
| Closed End Funds |  | 13777191 |  | 13777191 |
| Commodities <sup>\*</sup> |  | 108732506 |  | 108732506 |
| Foreign Government Securities |  | 28506270 |  | 28506270 |
| Loan Assignments |  | 1488435 |  | 1488435 |
| Master Limited Partnerships | 62586797 |  |  | 62586797 |
| Preferred Stocks | 19538700 |  |  | 19538700 |
| U.S. Treasury Obligations |  | 151549384 |  | 151549384 |
| Short-Term Investments | 6455 | 18820574 | – | 18827029 |
| &nbsp;&nbsp;&nbsp;**Total** | $**615084810** | $**1035361189** | $**12165434** | $**1662611433** |
| **Liabilities:** |  |  |  |  |
| Forward Foreign Currency Exchange Contracts<sup>\*\*</sup> | $– | $(540949) | $– | $(540949) |
| Written Options | (2722460) | – | – | (2722460) |
| &nbsp;&nbsp;&nbsp;**Total** | $**(2722460)** | $**(540949)** | $**–** | $**(3263409)** |

---

---

| | |
|:---|:---|
| (a) | The Fund has implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. See Note 1 for additional details. |
| (b) | These investments are valued by brokers and pricing services. The inputs for these investments are not readily available or cannot be reasonably estimated and are generally those inputs described in Note 1. |
| † | See Schedule of Investments for additional detailed categorizations. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Represents gold bullion. |
| \*\* | Forward Foreign Currency Exchange Contracts are valued at net unrealized appreciation (depreciation) on the contracts. |

---

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **Corporate<br> Bonds** | **Foreign Government<br> Securities** | **Total** |
| Beginning Balance —market value | $10795940 | $7890932 | $18686872 |
| Purchases<sup>(1)</sup> |  |  |  |
| Sales<sup>(2)</sup> |  |  |  |
| Transfer In — Level 3 |  |  |  |
| Transfer Out — Level 3 |  | (7890932)(a) | (7890932) |
| Accrued discounts/ (premiums) | 21155 |  | 21155 |
| Realized Gains (Losses) |  |  |  |
| Change in Unrealized Appreciation (Depreciation) | 1348339 |  | 1348339 |
| Ending Balance — market value | $12165434 | $— | $12165434 |
| Change in unrealized gains or (losses) relating to assets still held at reporting date | $1348339 | $— | $1348339 |

---

(a) Transfers from Level 3 to Level 2 are due to an increase in market activity, e.g., frequency of trades, which resulted in an increase in available market inputs to determine the price.

(1) Purchases include all purchases of securities and securities received in corporate actions.

(2) Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

**First Eagle High Income Fund**

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| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3<sup>‡</sup>** | **Total** |
| **Assets:** |  |  |  |  |
| Corporate Bonds | $– | $160335132 | $3345356 (b) | $163680488 |
| Loan Assignments |  | 2806951 |  | 2806951 |
| Short-Term Investments | 4679 | 15392016 | – | 15396695 |
| &nbsp;&nbsp;&nbsp;**Total** | $**4679** | $**178534099** | $**3345356** | $**181884134** |

---

(b) These investments
 are valued by brokers and pricing services. The inputs for these investments are not readily available or cannot be reasonably estimated
 and are generally those inputs described in Note (b).

† See Schedule of Investments for additional detailed
 categorizations.

‡ Value determined using significant unobservable inputs.

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

---

| | |
|:---|:---|
|  | **Corporate Bonds** |
| Beginning Balance —market value | $2968761 |
| Purchases<sup>(1)</sup> |  |
| Sales<sup>(2)</sup> |  |
| Transfer In — Level 3 |  |
| Transfer Out — Level 3 |  |
| Accrued discounts/ (premiums) | 2658 |
| Realized Gains (Losses) |  |
| Change in Unrealized Appreciation (Depreciation) | 373937 |
| Ending Balance — market value | $3345356 |
| Change in unrealized gains or (losses) relating to assets still held at reporting date | $373937 |

---

(1) Purchases include all purchases of securities and securities received in corporate actions.

(2) Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

**First Eagle Fund of America**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $341585047 | $16707010 (a) | $– | $358292057 |
| Master Limited Partnerships | 15234297 |  |  | 15234297 |
| Short-Term Investments | 1857 | 4359438 | – | 4361295 |
| &nbsp;&nbsp;&nbsp;**Total** | $**356821201** | $**21066448** | $**–** | $**377887649** |

---

(a) The Fund has implemented fair value
 pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign
 market and the close of the NYSE. See Note 1 for additional details.

† See Schedule of Investments for additional detailed
 categorizations.

**First Eagle Small Cap Opportunity Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3<sup>‡</sup>** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $767260881 | $– | $– | $767260881 |
| Rights |  |  |  |  |
| Short-Term Investments | 59450121 | – | – | 59450121 |
| &nbsp;&nbsp;&nbsp;**Total** | $**826711002** | $**–** | $**–** | $**826711002** |

---

† See Schedule of Investments for additional detailed categorizations. <br> ‡ Value determined using significant unobservable inputs. <br> ^ Fair value represents zero.

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

---

| | |
|:---|:---|
|  | **Rights** |
| Beginning Balance —market value | $— |
| Purchases<sup>(1)</sup> |  |
| Sales<sup>(2)</sup> |  |
| Transfer In — Level 3 |  |
| Transfer Out — Level 3 |  |
| Accrued discounts/ (premiums) |  |
| Realized Gains (Losses) |  |
| Change in Unrealized Appreciation (Depreciation) |  |
| Ending Balance — market value | $— |
| Change in unrealized gains or (losses) relating to assets still held at reporting date | $— |

---

(1) Purchases
include all purchases of securities and securities received in corporate actions.

(2) Sales
include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

^ Fair value represents zero.

**Quantitative Information about Level 3 Fair Value Measurements**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair Value as of <br> January 31, 2023 | Valuation Technique(s) | Unobservable Input | Range (Weighted<br> Average) | Direction Change in Fair Value<br> Resulting from Increase in <br> Unobservable Input (a) |
| Rights | -^ | Discounted Cash Flow | Estimated probability of the company hitting specified milestones | 0% (0%) | Increase |
| **Total** | **-^** |  |  |  |  |
| ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. |
| (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. |

---

**First Eagle U.S. Smid Cap Opportunity Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Common Stocks | $1298016 | $– | $– | $1298016 |
| Short-Term Investments | 49019 | – | – | 49019 |
| &nbsp;&nbsp;&nbsp;**Total** | $**1347035** | $**–** | $**–** | $**1347035** |

---

† See Schedule of Investments for additional detailed categorizations.

**First Eagle Global Real Assets Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description†** | **Level 1** | **Level 2** | **Level 3<sup>‡</sup>** | **Total** |
| ***Assets:*** |  |  |  |  |
| Common Stocks | $7359287 | $3309925 (a) | $– | $10669212 |
| Commodities <sup>\*</sup> |  | 1159832 |  | 1159832 |
| Exchange-Traded Funds | 203660 |  |  | 203660 |
| Master Limited Partnerships | 419417 |  |  | 419417 |
| U.S. Treasury Obligations |  | 118992 |  | 118992 |
| Short-Term Investments | 206133 | – | – | 206133 |
| &nbsp;&nbsp;&nbsp;**Total** | $**8188497** | $**4588749** | $**–** | $**12777246** |

---

---

| | |
|:---|:---|
| (a) | The Fund has implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. See Note 1 for additional details. |
| † | See Consolidated Schedule of Investments for additional detailed categorizations. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Represents gold bullion. |
| ^ | Fair value represents zero. |

---

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

---

| | |
|:---|:---|
|  | **Common Stocks** |
| Beginning Balance —market value | $— |
| Purchases<sup>(1)</sup> |  |
| Sales<sup>(2)</sup> |  |
| Transfer In — Level 3 |  |
| Transfer Out — Level 3 |  |
| Accrued discounts/ (premiums) |  |
| Realized Gains (Losses) |  |
| Change in Unrealized Appreciation (Depreciation) |  |
| Ending Balance — market value | $— |
| Change in unrealized gains or (losses) relating to assets still held at reporting date | $— |

---

(1) Purchases include all purchases of securities and securities received in corporate actions.

(2) Sales include all sales of securities, maturities, paydowns and securities tendered in corporate actions.

^ Fair value represents zero.

**Quantitative Information about Level 3 Fair Value Measurements**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair Value as of <br> January 31, 2023 | Valuation Technique(s) | Unobservable Input | Range (Weighted<br> Average) | Direction Change in Fair Value<br> Resulting from Increase in <br> Unobservable Input (a) |
| Common Stocks | -^ | Discounted Cash Flow | Estimated Recoverability | 0% (0%) | Increase |
| **Total** | **-**^** |  |  |  |  |
| ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. | ^ Fair value represents zero. |
| (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. | (a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination. |

---

**c)** **Forward Foreign Currency Exchange Contracts** — In connection with portfolio purchases and sales of securities denominated in
 foreign currencies, each Fund may enter into forward foreign currency exchange contracts. The First Eagle Global Fund, First Eagle
 Overseas Fund, First Eagle Global Income Builder Fund, First Eagle High Income Fund and First Eagle Global Real Assets Fund enter
 into forward foreign currency exchange contracts primarily to manage and/or gain exposure to certain foreign currencies. The
 Funds' currency transactions include portfolio hedging on portfolio positions. Portfolio hedging is the use of a forward
 foreign currency exchange contract (or other cash management position) with respect to one or more portfolio security positions
 denominated or quoted in a particular currency. Currency exchange transactions involve currencies of different countries that the
 Funds invest in and serve as hedges against possible variations in the exchange rates between these currencies and the U.S. dollar.
 Each Fund may engage in portfolio hedging with respect to the currency of a particular country in amounts approximating actual or
 anticipated positions in securities denominated in that currency. Hedging can reduce expo- sure to currency exchange movements, but
 cannot eliminate that exposure. It is possible to lose money under a hedge.

**d)** Funds
investing in forward foreign currency exchange contracts are exposed to risk if the value of the currency changes unfavorably, if the
counterparties to the contracts are unable to meet the terms of their contracts or if the Fund is unable to enter into a closing position.
Forward foreign currency exchange contracts outstanding at period end, if any, are listed after each Fund's portfolio. For the
period ended January 31, 2023, the average monthly outstanding currency purchased or sold in U.S. dollars for forward foreign currency
exchange contracts held by the Funds were as follows:

**Derivatives Volume Disclosure**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **First Eagle<br> Global Fund** | **First Eagle<br> Global Fund** | **First Eagle <br> Overseas Fund** | **First Eagle <br> Overseas Fund** | **First Eagle<br> Global Income <br> Builder Fund** | **First Eagle<br> Global Income <br> Builder Fund** |
| **Forward Foreign Currency Exchange Contracts:** |  |  |  |  |  |  |
| Average Settlement Value — Sold |  | 434227725 |  | 221778758 |  | 15352414 |

---

The Funds adopted provisions surrounding disclosures of derivative instruments and hedging activities which require qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments, and disclosures about currency-risk-related contingent features in derivative agreements.

In order to better define its contractual rights and to secure rights that may help the Funds mitigate counterparty risk, the Funds may enter into an International Swaps and Derivatives Association, Inc. Master Agreement ("ISDA Master Agreement") or similar agreement with derivative contract counterparties. An ISDA Master Agreement is a bilateral agreement between a Fund and a counterparty that governs over-the-counter ("OTC") derivatives and forward foreign currency exchange contracts and typically contains, among other things, collateral posting terms and netting provisions in the event of a default and/or termination event. Under an ISDA Master Agreement, the Funds may, under certain circumstances, offset with the counterparty certain derivative financial instrument's payables and/or receivables with collateral held and/or posted and create one single net payment. With respect to certain counterparties, in accordance with the terms of the ISDA Master Agreement, the Funds may be required to post or receive collateral in the form of cash or debt securities issued by the U.S. Government or related agencies. Daily movement of cash collateral is subject to minimum threshold amounts. Cash collateral that has been pledged to cover obligations of a Fund, if any, is reported separately on the Statements of Assets and Liabilities as cash pledged. Non-cash collateral pledged by a Fund, if any, is noted in the Schedules of Investments. Collateral received by the Funds is held in a segregated account at the Funds' custodian bank. These amounts are not reflected on the Funds' Statements of Assets and Liabilities and are disclosed in the table below. The provisions of the ISDA Master Agreement typically permit a single net payment in the event of default (close-out netting) including the bankruptcy or insolvency of the counterparty. Note, however, that bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency or other events.

For financial reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Asset and Liabilities.

At January 31, 2023, the Funds had the following forward foreign currency exchange contracts grouped into appropriate risk categories illustrated below:

**First Eagle Global Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | Derivative Gain (Loss)<br> Recognized<br> in Income | Derivative Gain (Loss)<br> Recognized<br> in Income |
| Risk Type | Asset Derivative<br> Fair Value | Liability Derivative<br> Fair Value | Net realized Gains<br> (Losses) | Change in<br> Appreciation<br> (Depreciation) |
| Foreign currency | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $14427036 | $(13062049) | $(13830523) |

---

**First Eagle Overseas Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | Derivative Gain (Loss)<br> Recognized<br> in Income | Derivative Gain (Loss)<br> Recognized<br> in Income |
| Risk Type | Asset Derivative<br> Fair Value | Liability Derivative<br> Fair Value | Net realized Gains<br> (Losses) | Change in<br> Appreciation<br> (Depreciation) |
| Foreign currency | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $7719272 | $(6200742) | $(7465844) |

---

**First Eagle Global Income Builder Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | | Derivative Gain (Loss)<br> Recognized<br> in Income | Derivative Gain (Loss)<br> Recognized<br> in Income |
| Risk Type | Asset Derivative<br> Fair Value | Liability Derivative<br> Fair Value | Net realized Gains<br> (Losses) | Change in<br> Appreciation<br> (Depreciation) |
| Foreign currency | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $540949 | $(415686) | $(523882) |

---

The following tables present each Fund's gross derivative assets and liabilities by counterparty net of amounts available for offset under netting arrangements and any related collateral received or pledged by each fund as of January 31, 2023:

**First Eagle Global Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Counterparty | Gross Amount <br> of Liabilities <br> Presented in the <br> Statement of <br> Assets and Liabilities | Derivatives<br> Available for<br> Offset | Collateral Pledged\* | Net Amount<br> (Not Less Than $0) |
| Bank of New York Mellon | $4019718 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $– | $4019718 |
| Goldman Sachs | 3526163 |  | (3454917) | 71246 |
| JPMorgan Chase Bank | 2807148 |  | (2767346) | 39802 |
| UBS AG | 4074007 | – | – | 4074007 |
|  | $14427036 | $– | $(6222263) | $8204773 |

---

**First Eagle Overseas Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Counterparty | Gross Amount<br> of Liabilities<br> Presented in the<br> Statement of <br> Assets and Liabilities | Derivatives<br> Available for <br> Offset | Collateral Pledged\* | Net Amount<br> (Not Less Than $0) |
| Bank of New York Mellon | $2353680 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $– | $2353680 |
| Goldman Sachs | 1712439 |  | (1658248) | 54191 |
| JPMorgan Chase Bank | 1267686 |  | (1233720) | 33966 |
| UBS AG | 2385467 | – | – | 2385467 |
|  | $7719272 | $– | $(2891968) | $4827304 |

---

**First Eagle Global Income Builder Fund**

---

| | | | | |
|:---|:---|:---|:---|:---|
| Counterparty | Gross Amount <br> of Liabilities<br> Presented in the <br> Statement of <br> Assets and Liabilities | Derivatives<br> Available for <br> Offset | Collateral Pledged\* | Net Amount<br> (Not Less Than $0) |
| Bank of New York Mellon | $160882 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $– | $160882 |
| Goldman Sachs | 129172 |  | (110092) | 19080 |
| JPMorgan Chase Bank | 87841 |  | (75545) | 12296 |
| UBS AG | 163054 | – | – | 163054 |
|  | $540949 | $– | $(185637) | $355312 |

---

\* The actual collateral received/pledged may be more than the amount reported due to over collateralization.

**e)** **Options** — In order to seek to produce incremental earnings or protect against declines
 in the value of portfolio securities, each Fund may write "covered" call options
 on portfolio securities. The Funds may also use options for speculative purposes, although
 they generally do not employ options for this purpose.

Options contracts are valued daily based upon the official closing price on the relevant exchange on which the option is traded. If there is no official closing price, the mean between the last bid and asked prices may be used. When an option is exercised, the proceeds on the sale of a written call option are adjusted by the amount of premium received or paid. When a written option expires, the Funds will realize a gain equal to the amount of the premium received. When the Funds enter into a closing purchase transaction, the Funds will realize a gain (or loss, if the cost of the closing purchase transaction exceeds the premium received when the option was written) without regard to any unrealized gain or loss on the underlying security and the liability related to such option is eliminated.

In general, a call option is covered if a Fund holds, on a share-for-share basis, either the underlying shares or a call on the same security as the call written where the exercise price of the call held is equal to or less than the exercise price of the call written (or greater than the exercise price of the call written if the difference is maintained by the Funds in cash, Treasury bills or other high grade short-term obligations earmarked with its custodian). One reason for writing options is to attempt to realize, through the receipt of premiums, a greater return than would be realized on the securities alone. Another reason for writing options is to hedge against a moderate decline in the value of securities owned by a Fund in the case of a call option. If an increase occurs in the underlying security or stock index sufficient to result in the exercise of a call written by a Fund, it may be required to deliver securities or cash and may thereby forego some or all of the gain that otherwise may have been realized on the securities underlying the call option. This "opportunity cost" may be partially or wholly offset by the premium received for the covered call written by a Fund. The risk in writing a covered call option is that a Fund gives up the opportunity for profit if the market price of the underlying security increases and the option is exercised. A Fund also has the additional risk of not being able to enter into a closing transaction if a liquid secondary market does not exist.

A Fund may also write over-the-counter options where the completion of the obligation is dependent upon the credit standing of the counterparty.

Rule 18f-4 under the 1940 Act, implemented on August 19, 2022, permits the Funds to enter into Derivatives Transactions (as defined below) and certain other transactions notwithstanding the restrictions on the issuance of "senior securities" under Section 18 of the 1940 Act. Section 18 of the 1940 Act, among other things, prohibits open-end funds, including the Funds, from issuing or selling any "senior security," other than borrowing from a bank (subject to a requirement to maintain 300% "asset coverage").

Under Rule 18f-4, "Derivatives Transactions" include the following: (1) any swap, security-based swap (including a contract for differences), futures contract, forward contract, option (excluding purchased options), any combination of the foregoing, or any similar instrument, under which a Fund is or may be required to make any payment or delivery of cash or other assets during the life of the instrument or at maturity or early termination, whether as margin or settlement payment or otherwise; (2) any short sale borrowing; (3) reverse repurchase agreements and similar financing transactions (e.g., recourse and nonrecourse tender option bonds, and borrowed bonds), if a Fund elects to treat these transactions as Derivatives Transactions under Rule 18f-4; and (4) when issued or forward-settling securities (e.g., ﬁrm and standby commitments, including to-be-announced ("TBA") commitments, and dollar rolls) and nonstandard settlement cycle securities, unless a Fund intends to physically settle the transaction and the transaction will settle within 35 days of its trade date.

Unless a fund is relying on the Limited Derivatives User Exception (as defined below), a fund must comply with Rule 18f-4 with respect to its Derivatives Transactions. Rule 18f-4, among other things, requires a fund to adopt and implement a comprehensive written derivatives risk management program ("DRMP") and comply with a relative or absolute limit on fund leverage risk calculated based on value-at-risk ("VaR"). The DRMP is administered by a "derivatives risk manager," who is appointed by the Board, including a majority of Independent Trustees, and periodically reviews the DRMP and reports to the Board.

Rule 18f-4 provides an exception from the DRMP, VaR limit and certain other requirements if the Fund's "derivatives exposure" (as defined in Rule 18f-4) is limited to 10% of its net assets (as calculated in accordance with Rule 18f-4) and the Fund adopts and implements written policies and procedures reasonably designed to manage its derivatives risks (the "Limited Derivatives User Exception"). As of the date hereof, each Fund is relying on the Limited Derivatives User Exception.

As of January 31, 2023, portfolio securities valued at $128,868,977 were earmarked to cover collateral requirements for written options for First Eagle Global Income Builder Fund.

For the period ended January 31, 2023, the average monthly number of contracts outstanding for written options and purchased options held by the Funds were as follows:

---

| | | |
|:---|:---|:---|
|  | **First Eagle<br> Global Income <br> Builder Fund** | **First Eagle<br> Global Income <br> Builder Fund** |
| **Options:** |  |  |
| Average Number of Contracts - Written |  | 16675 |

---

At January 31, 2023, the Funds had the following options grouped into appropriate risk categories illustrated below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | **Gain or (Loss)<br> Derivative Recognized <br> in Income** | **Gain or (Loss)<br> Derivative Recognized <br> in Income** |
| **First Eagle Global Income Builder Fund**<br>**Risk Type** | **Asset Derivative<br> Fair Value** | **Liability Derivative<br> Fair Value** | **Net realized <br> Gains (Losses)** | **Change in<br> Appreciation<br> (Depreciation)** |
| Equity — Written options | $– | $2722460 | $1414290 | $1261273 |

---

**f)** **Repurchase Agreements** — The Funds may enter into repurchase agreement transactions with institutions
 that meet the Adviser's credit guidelines. Each repurchase agreement is valued at market.
 The Funds require that the collateral received in a repurchase agreement transaction be transferred
 to a custodian in a manner sufficient to enable the Funds to obtain collateral in the event
 of a counterparty default. If the counterparty defaults and the fair value of the collateral
 declines, realization of the collateral by the Funds may be delayed or limited.

**g)** **Bank Loans** — A Fund may invest in bank loans, which usually take the form of loan participations
 and assignments. Loan participations and assignments are agreements to make money available
 to U.S. or foreign corporations, partner- ships or other business entities (the "Borrower")
 in a specified amount, at a specified rate and within a specified time. A
 loan is typically originated, negotiated and structured by a U.S. or foreign bank, insurance
 company or other financial institution (the "Agent") for a group of loan
 investors ("Loan Investors"). The Agent typically administers and enforces the
 loan on behalf of the other Loan Investors in the syndicate and may hold any collateral on
 behalf of the Loan Investors. Such loan participations and assignments are typically senior,
 secured and collateralized in nature. A Fund records an investment when the Borrower withdraws
 money and records interest as earned. A Fund generally has no right to enforce compliance
 with the terms of the loan agreement with the Borrower. As a result, a Fund assumes the credit
 risk of the Borrower, the selling participant and any intermediary between a Fund and the
 Borrower ("Intermediate Participants"). In the event that the Borrower, selling
 participant or Intermediate Participants becomes insolvent or enters into bankruptcy, each
 Fund may incur certain costs and delays in realizing payment or may suffer a loss of principal
 and/or interest.

**h)** **Treasury Inflation-Protected Securities** — The Funds may invest in Treasury Inflation-Protected
 Securities ("TIPS") which are specially structured bonds in which the principal
 amount is adjusted to keep pace with inflation. The principal value of TIPS will be
 adjusted upward or downward and any increase or decrease in the principal amount of TIPS
 will be included as interest income in the Statements of Operations, even though investors
 do not receive their principal until maturity. TIPS are subject to interest rate risk.

**i)** **Restricted Securities** — The Funds may invest in securities that are subject to legal or contractual
 restrictions on resale. These securities generally may be resold
in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve
time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult. Information regarding restricted
securities, if any, is included at the end of each Fund's Schedule of Investments.

**j)** **New Accounting Pronouncements** — In March 2020,
the FASB issued Accounting Standard Update ("ASU") 2020-04, which provides optional guidance to ease the potential accounting
burden associated with transitioning away from the London Interbank Offered Rate and other reference rates that are expected to be discontinued.
The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. In December 2022, the FASB issued
ASU 2022-06, "Reference Rate Reform (Topic 949)" which extends the effective period of ASU 2020-04 through December 31, 2024.
At this time, management is evaluating implications of these changes on the financial statements.

In March 2022, the FASB issued ASU 2022-02, "Financial Instruments Credit Losses (Topic 326)", which is intended to address issues identiﬁed during the post implementation review of ASU 2016-3, "Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments". The amendment, among other things, eliminates the accounting guidance for troubled debt restructurings by creditors in Subtopic 310-40, "Receivables Troubled Debt Restructurings by Creditors", while enhancing disclosure requirements for certain loan reﬁnancings and restructurings by creditors when a borrower is experiencing ﬁnancial difficulty. The new guidance is effective for interim and annual periods beginning after December 15, 2022. Management is currently evaluating the impact of the new standard, but does not anticipate the new standard to have a material impact to the financial statements and related disclosure.

In June 2022, FASB issued Accounting Standards Update ("ASU") 2022-03, Fair Value Measurement (Topic 820) — Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The amendments in the ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, should not be considered in measuring fair value. The ASU is effective for interim and annual reporting periods beginning after December 15, 2023, with the option of early adoption. Management is currently evaluating the impact, if any, of applying this new standard.

## 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 US Smid Cap Opportunity Fund

- **b. EDGAR series identifier (if any):** S000077255

- **c. LEI of Series:** 549300SU04WO1HWGU546

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $1394289.14

**Total Liabilities:** $85053.03

**Net Assets:** $1309236.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237506 | 0.42%                | -11.32%              | 6.34%                |
| Class ID C000237508 | 5.68%                | -6.60%               | 12.00%               |
| Class ID C000237507 | 5.68%                | -6.56%               | 11.99%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7589.81                | $70957.50                                  |
| Month 2  | $800.11                  | $-81043.79                                 |
| Month 3  | $-6232.06                | $145535.13                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radian Group, Inc.                          | Radian Group, Inc.                                          | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |       816 | NS      | $18033.60     | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion, Inc.                             | Ingredion, Inc.                                             | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |       193 | NS      | $19840.40     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                     | Permian Resources Corp.                                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |       413 | NS      | $4489.31      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands, Inc.                       | Bloomin' Brands, Inc.                                       | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |       181 | NS      | $4389.25      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                        | Curtiss-Wright Corp.                                        | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       164 | NS      | $27191.20     | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                       | Deckers Outdoor Corp.                                       | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |        10 | NS      | $4274.80      | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store, Inc.      | Cracker Barrel Old Country Store, Inc.                      | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |       188 | NS      | $20977.04     | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Energy Corp.                     | Chesapeake Energy Corp.                                     | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |       311 | NS      | $26969.92     | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chuy's Holdings, Inc.                       | Chuy's Holdings, Inc.                                       | CUSIP: 171604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       426 | NS      | $14581.98     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                         | Toll Brothers, Inc.                                         | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |       132 | NS      | $7852.68      | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                               | SM Energy Co.                                               | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |       608 | NS      | $19984.96     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp.                       | JetBlue Airways Corp.                                       | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |      2277 | NS      | $18216.00     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes, Inc.                             | LGI Homes, Inc.                                             | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |       200 | NS      | $22770.00     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop, Inc.                       | Walker & Dunlop, Inc.                                       | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       157 | NS      | $14974.66     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd.                          | Steven Madden Ltd.                                          | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |       270 | NS      | $9679.50      | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.               | Raymond James Financial, Inc.                               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |        87 | NS      | $9810.99      | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                     | Aramark                                                     | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |       567 | NS      | $25248.51     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                           | HF Sinclair Corp.                                           | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       424 | NS      | $24125.60     | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp.                           | QuidelOrtho Corp.                                           | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |       180 | NS      | $15409.80     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                    | Advance Auto Parts, Inc.                                    | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |        25 | NS      | $3807.00      | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp.                              | Coherent Corp.                                              | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |       584 | NS      | $25345.60     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp.            | Old Republic International Corp.                            | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |       760 | NS      | $20056.40     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems, Inc.                       | Mercury Systems, Inc.                                       | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |       401 | NS      | $20043.99     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer, Inc.                           | PerkinElmer, Inc.                                           | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |        42 | NS      | $5776.26      | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                      | Amkor Technology, Inc.                                      | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |       635 | NS      | $18580.10     | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International, Inc.                  | Lennox International, Inc.                                  | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |        93 | NS      | $24237.66     | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                  | Performance Food Group Co.                                  | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |       460 | NS      | $28207.20     | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp.                              | Huntsman Corp.                                              | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |       527 | NS      | $16700.63     | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics, Inc.                         | GXO Logistics, Inc.                                         | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |       272 | NS      | $14233.76     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx, Inc.                                | CareDx, Inc.                                                | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |       790 | NS      | $11802.60     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida           | Seacoast Banking Corp. of Florida                           | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |       612 | NS      | $19651.32     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences, Inc.                    | Pacira BioSciences, Inc.                                    | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       366 | NS      | $14372.82     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd.                                 | Amdocs Ltd.                                                 | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | GG        |        66 | NS      | $6067.38      | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings, Inc.                      | Generac Holdings, Inc.                                      | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |       266 | NS      | $32079.60     | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                       | Cardinal Health, Inc.                                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       373 | NS      | $28814.25     | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp.               | Topgolf Callaway Brands Corp.                               | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |       800 | NS      | $19592.00     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                      | Tenet Healthcare Corp.                                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |       416 | NS      | $22817.60     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co.                       | Matador Resources Co.                                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |       384 | NS      | $25405.44     | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)            | Goodyear Tire & Rubber Co. (The)                            | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |      1328 | NS      | $14940.00     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs, Inc.                      | Cleveland-Cliffs, Inc.                                      | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |      1477 | NS      | $31533.95     | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.                | Casey's General Stores, Inc.                                | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       107 | NS      | $25242.37     | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Denny's Corp.                               | Denny's Corp.                                               | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |      1177 | NS      | $14147.54     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp.                                 | Ciena Corp.                                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       469 | NS      | $24397.38     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co. (The)                          | Chemours Co. (The)                                          | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |       520 | NS      | $18922.80     | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp                                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |       495 | NS      | $23344.20     | 1.78%             |  |  |  | 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        |     49019 | NS      | $49018.98     | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                | Zimmer Biomet Holdings, Inc.                                | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       116 | NS      | $14771.44     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments, Inc.                       | MKS Instruments, Inc.                                       | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |       269 | NS      | $27524.08     | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco, Inc.                              | Ameresco, Inc., Class A                                     | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |       180 | NS      | $11604.60     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp.                              | Westlake Corp.                                              | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |        65 | NS      | $7978.75      | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA, Inc.                      | Beazer Homes USA, Inc.                                      | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |       796 | NS      | $13030.52     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand, Inc.                        | Ingersoll Rand, Inc.                                        | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |       140 | NS      | $7840.00      | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO, Inc.                                   | XPO, Inc.                                                   | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |       375 | NS      | $14947.50     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation, Inc.                       | Onto Innovation, Inc.                                       | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |       176 | NS      | $13842.40     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden, Inc.                                | Belden, Inc.                                                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |       211 | NS      | $17109.99     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos., Inc.                           | Rocket Cos., Inc., Class A                                  | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1204 | NS      | $11329.64     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK Co., Inc. (The)                        | AZEK Co., Inc. (The)                                        | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |       531 | NS      | $12813.03     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics, Inc.                     | Quest Diagnostics, Inc.                                     | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |       158 | NS      | $23459.84     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor, Inc.                               | Avantor, Inc.                                               | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       626 | NS      | $14961.40     | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| B Riley Financial, Inc.                     | B Riley Financial, Inc.                                     | CUSIP: 05580M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       296 | NS      | $12648.08     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp.               | Select Medical Holdings Corp.                               | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       116 | NS      | $3372.12      | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors, Inc.                         | Lithia Motors, Inc., Class A                                | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |        98 | NS      | $25793.60     | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.              | Texas Capital Bancshares, Inc.                              | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |       235 | NS      | $15526.45     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.                      | ON Semiconductor Corp.                                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       303 | NS      | $22255.35     | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co., Inc.                         | Donaldson Co., Inc.                                         | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |        59 | NS      | $3678.65      | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                          | RH                                                          | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |        23 | NS      | $7175.77      | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                     | EnerSys                                                     | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |       253 | NS      | $21004.06     | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                                 | Dover Corp.                                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |        88 | NS      | $13361.04     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Group, Inc.                | Independent Bank Group, Inc.                                | CUSIP: 45384B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       311 | NS      | $19064.30     | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory, Inc. (The)              | Cheesecake Factory, Inc. (The)                              | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |       694 | NS      | $27239.50     | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy, Inc.                        | Liberty Energy, Inc., Class A                               | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1006 | NS      | $15924.98     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Amedisys, Inc.                              | Amedisys, Inc.                                              | CUSIP: 023436108<br>LEI: 5299001RBS9GK9STN379 | Long             | EC               | CORP              | US        |       171 | NS      | $16528.86     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp.                             | Flowserve Corp.                                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |       605 | NS      | $20824.10     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                          | Vail Resorts, Inc.                                          | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |        37 | NS      | $9706.58      | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp.                             | Air Lease Corp.                                             | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |       580 | NS      | $26082.60     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy, Inc.                                 | Chewy, Inc., Class A                                        | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |       445 | NS      | $20051.70     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA, Inc.                          | Skechers USA, Inc., Class A                                 | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |        94 | NS      | $4526.10      | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor, Inc.                         | Owens & Minor, Inc.                                         | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |       157 | NS      | $3099.18      | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** First Eagle Funds

**Signature:** Tricia Larkin

**Name of Signer:** Tricia Larkin

**Title:** Treasurer