# EDGAR Filing Document

**Accession Number:** 0001818416
**File Stem:** 0001752724-23-055268
**Filing Date:** 2023-3
**Character Count:** 37666
**Document Hash:** a18e91c102f8066ec6f0803daae7f944
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-055268.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001752724-23-055268

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**EFFECTIVENESS DATE**: 20230314

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Eagle Credit Opportunities Fund
- **CENTRAL INDEX KEY:** 0001818416
- **IRS NUMBER:** 851899053
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23592
- **FILM NUMBER:** 23731562

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF AMERICAS
- **STREET 2:** 48TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2126983300

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF AMERICAS
- **STREET 2:** 48TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

## Internal

```

Report of Independent Registered Public Accounting
Firm

To the Board of Trustees and Shareholders of First Eagle Credit
Opportunities Fund

In planning and performing our audit of the financial statements
of First Eagle Credit Opportunities Fund and its subsidiary (the
"Fund") as of and for the year ended December 31, 2022, in
accordance with the standards of the Public Company Accounting
Oversight Board (United States) (PCAOB), we considered the
Fund's internal control over financial reporting, including controls
over safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form
N-CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Fund's internal control over financial
reporting.  Accordingly, we do not express an opinion on the
effectiveness of the Fund's internal control over financial
reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting. In
fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A company's internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles. A
company's internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company; (2)
provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and
that receipts and expenditures of the company are being made
only in accordance with authorizations of management and
directors of the company; and (3) provide reasonable assurance
regarding prevention or timely detection of unauthorized
acquisition, use or disposition of a company's assets that could
have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also,
projections of any evaluation of effectiveness to future periods are
subject to the risk that controls may become inadequate because of
changes in conditions, or that the degree of compliance with the
policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of performing
their assigned functions, to prevent or detect misstatements on a
timely basis. A material weakness is a deficiency, or a combination
of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement
of the company's annual or interim financial statements will not be
prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control over financial reporting that might be material
weaknesses under standards established by the PCAOB. However,
we noted no deficiencies in the Fund's internal control over
financial reporting and its operation, including controls over
safeguarding securities, that we consider to be material
weaknesses as defined above as of December 31, 2022.

This report is intended solely for the information and use of the
Board of Trustees of First Eagle Credit Opportunities Fund and the
Securities and Exchange Commission and is not intended to be
and should not be used by anyone other than these specified
parties.

/s/PricewaterhouseCoopers LLP
New York, New York
February 28, 2023

```

## Inst

```

FIRST EAGLE CREDIT OPPORTUNITIES FUND

AMENDED AND RESTATED MULTIPLE CLASS PLAN PURSUANT TO RULE 18f-3

WHEREAS, First Eagle Credit Opportunities Fund (the "Fund") originally adopted
this Amended and Restated Multiple Class Plan pursuant to Rule 18f-3 (the
"Plan") under the Investment Company Act of 1940 (the "1940 Act") on June 15,
2021;

WHEREAS, the Fund amended and restated the Plan as of December 1, 2021, and the
Fund desires to amend and restate the Plan to include Class A-2 shares of the
Fund;

WHEREAS, the Fund engages in business as a closed-end management investment
company that operates as an interval fund and is registered as such under the
1940 Act;

WHEREAS, the Fund employs First Eagle Investment Management, LLC (the "Adviser")
as its investment adviser, and FEF Distributors, LLC (the "Underwriter") as
underwriter and distributor of the securities of which it is the issuer;

WHEREAS, the Fund has obtained an exemptive order (the "Order") from the
Securities and Exchange Commission, pursuant to which the Fund may issue
multiple classes of its shares and the Fund has issued multiple classes of its
shares; and

WHEREAS, pursuant to the Order, the Fund must comply with Rule 18f-3 under the
1940 Act.

NOW, THEREFORE, the Fund hereby adopts the Plan, as set forth below:
1. Features of the Classes. The Fund shall issue its shares of beneficial
interest in three classes:
Class A Shares
Class A-2 Shares
Class I Shares

Shares of each class of the Fund shall represent an equal pro rata interest in
the Fund and, generally, shall have identical voting, dividend, liquidation, and
other rights, preferences, powers, restrictions, limitations, qualifications,
and terms and conditions, except that: (a) each class of the Fund shall have a
different designation; (b) each class of the Fund shall bear any Class Expenses,
as defined in Section 3 below; (c) each class of the Fund shall have exclusive
voting rights on any matter submitted to shareholders that relates solely to its
distribution arrangement (if any); and (d) each class of the Fund shall have
separate voting rights on any matter submitted to shareholders in which the
interests of one class differ from the interests of any other class of the Fund.
In addition, shares of each class of the Fund shall have the features described
in Paragraphs 2, 3, 4 and 5 below.

2. Distribution Plan. The Fund has adopted a Distribution Plan with respect to
the Fund's Class A Shares and Class A-2 Shares pursuant to Rule 12b-1
promulgated under the 1940 Act (the "12b-1 Plan").

The 12b-1 Plan authorizes the Fund to make payments to the Underwriter for
distribution and/or service-related activities, and for otherwise promoting the
sale of the Class A Shares of the Fund, at an annual rate of 0.25% of the
average daily net asset value of the assets attributable to the Class A Shares
of the Fund.

The 12b-1 Plan authorizes the Fund to make payments to the Underwriter for
distribution and/or service-related activities, and for otherwise promoting the
sale of the Class A-2 Shares of the Fund, at an annual rate of 0.75% of the
average daily net asset value of the assets attributable to the Class A-2 Shares
of the Fund.

The Plan further authorizes the Adviser to make assistance payments out of the
Adviser's own resources to brokers, financial institutions and other financial
intermediaries for shareholder accounts as to which a payee has rendered
distribution services to the Fund. The Fund's Class I Shares shall not
participate in the Distribution Plan, nor shall any amounts payable under the
Distribution Plan be used to make payments for distribution or other services
incurred in connection with the sale of Class I Shares.

As used herein, the term "distribution and/or service-related activities" shall
include, without limitation, paying for the printing and distribution of
prospectuses sent to prospective investors, the preparation, printing and
distribution of sales literature and the expenses associated with media
advertisements and telephone and written correspondence with investors or
prospective investors.

3. Allocation of Income and Expenses.
(a) The gross income of the Fund shall, generally, be allocated among the
classes of the Fund on the basis of the relative net assets attributable to the
Fund's classes. To the extent practicable, certain expenses (other than Class
Expenses, as defined below, which shall be allocated more specifically) shall be
subtracted from the gross income on the basis of the relative net assets of each
class of the Fund. These expenses include expenses incurred by the Fund not
attributable to a particular class of shares of the Fund ("Fund Level Expenses")
(for example, fees of Trustees, auditors and legal counsel, advisory fees,
custodial fees, or other expenses relating to the management of the Fund's
assets).
(b) Expenses attributable to a particular class ("Class Expenses") shall be
limited to: (i) payments made pursuant to a distribution plan and/or a service
plan; (ii) transfer agent fees attributable to a specific class; (iii) printing
and postage expenses related to preparing and distributing materials such as
shareholder reports, prospectuses and proxies to current shareholders of a
specific class; (iv) Blue Sky registration fees incurred by a class; (v) SEC
registration fees incurred by a class; (vi) the expense of administrative
personnel and services to support the shareholders of a specific class; (vii)
litigation or other legal expenses relating solely to one class; and (viii)
trustees' fees incurred as a result of issues relating to one class. Expenses in
category (i) above must be allocated to the class for which covered distribution
expenses are incurred. All other "Class Expenses" listed in categories
(ii)-(viii) above may be allocated to a class but only if the President or Chief
Financial Officer has determined, subject to Board approval or ratification,
that such categories of expenses may be treated as Class Expenses consistent
with applicable legal principles under the 1940 Act and the Internal Revenue
Code of 1986, as amended.

Accordingly, expenses of the Fund shall be apportioned to each class of shares
depending on the nature of the expense item. Fund Level Expenses will be
allocated among the classes of shares of the Fund based on their relative net
asset values. Class Expenses shall be allocated to the particular class to which
they are attributable. In addition, certain expenses may be allocated
differently if their method of imposition changes. Thus, if a Class Expense can
no longer be attributed to a class, it shall be charged to the Fund for
allocation among the classes, as determined by the Board of Trustees. Any
additional Class Expenses not specifically identified above which are
subsequently identified and determined to be properly allocated to one class of
shares shall not be so allocated until approved by the Board of Trustees of the
Fund in light of the requirements of the 1940 Act and the Internal Revenue Code
of 1986, as amended.

4. Sales Charges. Class A Shares and Class A-2 Shares shall be subject to a
sales charge at the rate (and subject to the reductions and exemptions)
described in the Fund's Prospectus. When the aggregate offering price of Class A
Shares or Class A-2 Shares of the Fund purchased by an investor qualifies the
investor to purchase such shares without paying a sales charge, an early
withdrawal charge may be imposed at the rate (and subject to the reductions and
exemptions) described in the Fund's Prospectus.

5. Repurchase Fees. The Fund does not currently charge a repurchase fee.
However, in the future the Fund may charge a repurchase fee of up to 2.00%,
which the Fund would retain to help offset non-de minimis estimated costs
incurred by the Fund, directly or indirectly, as a result of repurchasing Common
Shares, thus allocating estimated transaction costs to the shareholder whose
Shares are being repurchased. The Fund may introduce, or modify the amount of, a
repurchase fee at any time. The Fund may also waive or reduce a repurchase fee
if the Adviser or First Eagle Alternative Credit, LLC determines that the
repurchase is offset by a corresponding purchase or if for other reasons the
Fund will not incur transaction costs or will incur reduced transaction costs.
These repurchase fees are separate from the early withdrawal charge described in
the Fund's Prospectus.

6. Waiver or Reimbursement of Expenses. Expenses may be voluntarily waived or
reimbursed by the Adviser or any other provider of services to the Fund without
the prior approval of the Fund's Board of Trustees. Voluntary waivers or
reimbursements may be discontinued at any time, without prior notice, unless
notice is required by disclosures made in the Fund's Prospectus or Statement of
Additional Information.

7. Effectiveness of Plan. This Plan shall take effect upon approval by votes of
a majority of both (a) the Trustees of the Fund and (b) the Trustees of the Fund
who are not "interested persons" (as defined in the 1940 Act) of the Fund, such
Trustees having determined that the Plan as proposed to be adopted or amended,
including the allocation of expenses, is in the best interests of each class
individually and the Fund as a whole.

8. Material Modifications. This Plan may be amended to modify materially its
terms, provided that any such amendment will become effective only upon approval
in the manner provided for initial approval in Paragraph 7 hereof.

IN WITNESS WHEREOF, the Fund has adopted this Amended and Restated Multiple
Class Plan as of the 23 day of March, 2022.

FIRST EAGLE CREDIT OPPORTUNITIES FUND
By:

Name: Sheelyn Michael
Title: Secretary and Deputy General Counsel

```

## Advisory

```

March 23, 2022
First Eagle Credit Opportunities Fund
1345 Avenue of the Americas
New York, NY 10105

Re: Amended and Restated Expense Limitation for First
Eagle Credit Opportunities Fund (the "Fund")

Dear First Eagle Credit Opportunities Fund:

       First Eagle Investment Management, LLC (the
"Investment Adviser") and the Fund hereby confirm their
agreement as follows, which supersedes and replaces in full the
corresponding agreements approved by the Fund on September 11,
2020, September 20, 2020, April 27, 2021 and December 1, 2021
(the "Preceding Agreements") during the Limitation Period (as
defined below). For the avoidance of doubt, nothing herein shall
amend, alter or supersede the ability of the Investment Adviser to
seek reimbursement or repayment under the Preceding
Agreements.

       For the periods noted on Schedule A attached hereto (each
a "Limitation Period"), the Investment Adviser agrees to waive
fees and/or reimburse annual operating expenses (excluding
interest, taxes, brokerage commissions, acquired fund fees and
expenses, dividend and interest expenses relating to short sales, and
extraordinary expenses, if any) ("Annual Operating Expenses") so
that the Annual Operating Expenses of each respective Class of the
Fund's shares are limited to the respective rate per annum, as noted
on Schedule A, of that respective Class' average daily net assets
(each an "Expense Limitation"). Commitment fees relating to
borrowings are treated as interest for purposes of this section.

       The Fund agrees to repay the Investment Adviser out of
assets attributable to its respective Class noted on Schedule A for
any fees waived or expenses reimbursed by the Investment Adviser
pursuant to the terms of this letter, provided that the repayment
does not cause that Class' Annual Operating Expenses to exceed
the expense limitation in place at the time the fees were waived
and/or the expenses were reimbursed, or the expense limitation in
place at the time the Fund repays the Investment Adviser,
whichever is lower. Any such repayment must be made within
three years after the date in which the Fund incurred the expense.

       The Investment Adviser understands that it shall look only
to the assets attributable to the respective Class of the Fund for
performance of this Agreement and for payment of any claim the
Investment Adviser may have hereunder, and no other Class of the
Fund, nor any of the Trust's trustees, officers, employees, agents,
or shareholders, whether past, present or future, shall be personally
liable therefor.

       This Agreement is made and is to be performed principally
in the State of New York, and except insofar as the Investment
Company Act of 1940, as amended, or other federal laws and
regulations may be controlling, this Agreement shall be governed
by, and construed and enforced in accordance with, the laws of the
State of New York. Any amendment to this Agreement shall be in
writing signed by the parties hereto, and requires approval of the
Board of Trustees of the Trust, including a majority of the Trustees
who are not "interested persons" of the Trust as that term is defined
in the Investment Company Act of 1940.

       If you are in agreement with the foregoing, please sign the
form of acceptance on the enclosed counterpart hereof and return
the same.

FIRST EAGLE CREDIT OPPORTUNITIES FUND

By:
Name: Sheelyn M. Michael
Title: Secretary and Deputy General Counsel

Agreed and Acknowledged:

FIRST EAGLE INVESTMENT MANAGEMENT, LLC

By:
Name: Mehdi Mahmud
Title: President and Chief Executive Officer

				SCHEDULE A

Class			Limitation Period			Expense Limitation
A			4/30/22 through 4/30/2024			2.25%
A-2			5/31/22 through 4/30/2024			2.75%
I			4/30/22 through 4/30/2024			2.00%

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001818416

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-12-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** First Eagle Credit Opportunities Fund

- **Item B.1.b - Investment Company Act file number:** 811-23592

- **Item B.1.c - CIK:** 0001818416

- **Item B.1.d - LEI:** 549300K4XYBF9JAM1U67

- **Item B.2.a - Street 1:** 1345 Avenue of the Americas

- **Item B.2.b - City:** New York

- **Item B.2.c - State:** NY

- **Item B.2.e - Zip Code:** 10105

- **Item B.2.f - Telephone:** 1-800-334-2143

- **Item B.2.g - Public Website:** www.firsteagle.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** U.S. Bank National Association

- **b. Street 1:** 425 Walnut Street

- **c. City:** Cincinnati

- **d. State, if applicable:** OH

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 45202

- **g. Telephone number:** 1-800-872-2657

- **h. Briefly describe the books and records kept at this location:** Collateral Custodian and Document Custodian for the SPV

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** First Eagle Investment Management LLC

- **b. Street 1:** 1345 Avenue of the Americas

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10105

- **g. Telephone number:** 1-800-334-2143

- **h. Briefly describe the books and records kept at this location:** Certain Fund Portfolio Transaction Records and Fund Corporate Documents

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 4 Chase Metrotech Center

- **Street 2:** 16th Floor

- **c. City:** Brooklyn

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 11245

- **g. Telephone number:** 1-212-648-0466

- **h. Briefly describe the books and records kept at this location:** Custody and Accounting Records

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** DST Systems, Inc

- **b. Street 1:** 330 West 9th Street

- **c. City:** Kansas City

- **d. State, if applicable:** MO

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 64105

- **g. Telephone number:** 1-800-334-2143

- **h. Briefly describe the books and records kept at this location:** Shareholder Transaction Records

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

### Item B.6 - Organization

- [ ] a. Open-end management investment company registered under the Act on Form N-1A

- [x] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** —

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| William M. Kelly    | No                      | 811-09092, 811-07762                    |
| Lisa Anderson       | No                      | 811-09092, 811-07762                    |
| Paul J. Lawler      | No                      | 811-09092, 811-22743, 811-07762         |
| James E. Jordan     | No                      | 811-07762, 811-09092                    |
| Peter W. Davidson   | No                      | 811-09092, 811-07762                    |
| Candace K. Beinecke | No                      | 811-07762, 811-09092                    |
| Mehdi Mahmud        | Yes                     | 811-07762, 811-09092                    |
| Jean D. Hamilton    | No                      | 811-07762, 811-09092                    |
| John P. Arnhold     | Yes                     | 811-07762, 811-09092                    |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Albert Pisano

- **b. CRD Number, if any:** 001658886

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

- **d. City:** New York

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 10105

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** —

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-34126
  - IC-34330

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** FEF Distributors, LLC

- **ii. SEC file number:** 8-51483

- **iii. CRD number:** 000046585

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PRICEWATERHOUSECOOPERS, LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - First Eagle Credit Opportunities Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** First Eagle Credit Opportunities Fund

- **c. LEI:** 549300K4XYBF9JAM1U67

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 3

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 1

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [x] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 18f-4(e) (17 CFR 270.18f-4(e))

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** Yes

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** First Eagle Investment Management, LLC

- **ii. SEC file number:** 801-50659

- **iii. CRD number:** 000108260

- **iv. LEI, if any:** 549300FZB4XB5JCHXV67

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** First Eagle Alternative Credit, LLC

- **ii. SEC file number:** 801-71201

- **iii. CRD number:** 000150900

- **iv. LEI, if any:** 549300D8L9MTR7PJK409

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** DST Systems, Inc.

- **ii. SEC file number:** 84-448

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MO

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** IHS Markit Group Holdings Ltd

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** U.S. Bank National Association

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** DST Systems, Inc.

- **ii. LEI, if any:** 84-448

- **iii. State, if applicable:** MO

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** First Eagle Investment Management, LLC

- **ii. LEI, if any, or other identifying number:** 801-50659

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                               | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Pershing LLC                       | 8-17574           |    000007560 | ZI8Q1A8EI8LQFJNM0D94 | NJ      | US        | $19,107,053.75            |
| J.P. Morgan Securities LLC         | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $595,005,571.00           |
| INTL FCStone Financial Inc.        | 8-51269           |    000045993 | 549300LNKU6K5TJCRG93 | FL      | US        | $505,000.00               |
| BofA Securities, Inc.              | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $5,613,000.00             |
| Barclays Capital, Inc.             | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $4,497,430.00             |
| Credit Suisse Securities (USA) LLC | 8-00422           |    000000816 | 1V8Y6QCX6YMJ2OELII46 | NY      | US        | $1,805,000.00             |
| Deutsche Bank Securities Inc.      | 8-17822           |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $695,000.00               |
| Goldman Sachs & Co. LLC            | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $7,697,550.00             |
| BTIG, LLC                          | 8-65473           |    000122225 | 549300GTG9PL6WO3EC51 | CA      | US        | $9,554,875.00             |
| Morgan Stanley & Co. LLC           | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $4,433,082.50             |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $649,414,187.30

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $350,832,400.60

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** —

- **c. Did the Fund engage in interfund borrowing?** —

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** First Eagle Credit Opportunities Fund

**Date:** 2023-03-14

**Signature:** Tricia Larkin

**Title:** Treasurer