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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Berks County Municipal Authority (The)</name>
        <lei>N/A</lei>
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          <isin value="US084538GW19"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37758.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Bethel Park School District</name>
        <lei>N/A</lei>
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        <cusip>087059MU2</cusip>
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          <isin value="US087059MU23"/>
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        <balance>120000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>120000.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Series 2022 SUB D-1</title>
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          <isin value="US09182NCB47"/>
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        <curCd>USD</curCd>
        <valUSD>100669.42000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Series 2025 A</title>
        <cusip>09182TEV5</cusip>
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          <isin value="US09182TEV52"/>
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        <balance>205000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>206642.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Series 2025 F</title>
        <cusip>09182TGW1</cusip>
        <identifiers>
          <isin value="US09182TGW18"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145351.74000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Brooklyn Arena Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Brooklyn Arena Local Development Corp., Series A</title>
        <cusip>113807BQ3</cusip>
        <identifiers>
          <isin value="US113807BQ39"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168686.33000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Broome County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Broome County Local Development Corp., Series 2020</title>
        <cusip>114731AT9</cusip>
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          <isin value="US114731AT93"/>
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        <balance>130000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99233.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Buffalo &amp; Fort Erie Public Bridge Authority</name>
        <lei>N/A</lei>
        <title>Buffalo &amp; Fort Erie Public Bridge Authority, Series 2017</title>
        <cusip>119427BV3</cusip>
        <identifiers>
          <isin value="US119427BV39"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105242.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority, Series 2026B</title>
        <cusip>13013JHM1</cusip>
        <identifiers>
          <isin value="US13013JHM18"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>153918.99000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
        <lei>9845007J7054602FF597</lei>
        <title>State of California</title>
        <cusip>13063CZU7</cusip>
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          <isin value="US13063CZU79"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135302.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Series 2016A</title>
        <cusip>13077C3N2</cusip>
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          <isin value="US13077C3N26"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50025.75000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Charlotte NC Airport Revenue</name>
        <lei>N/A</lei>
        <title>City of Charlotte, Series B</title>
        <cusip>161036NE4</cusip>
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          <isin value="US161036NE49"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50248.85000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Metropolitan Water Reclamation District of Greater Chicago</name>
        <lei>254900GOGQEZEWCZ4D37</lei>
        <title>Metropolitan Water Reclamation District of Greater Chicago, Series E</title>
        <cusip>167560UM1</cusip>
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          <isin value="US167560UM17"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75261.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series D</title>
        <cusip>167593F72</cusip>
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          <isin value="US167593F728"/>
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        <balance>135000.00000000</balance>
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        <valUSD>135149.99000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport, Series D</title>
        <cusip>167593WR9</cusip>
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          <isin value="US167593WR94"/>
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        <balance>85000.00000000</balance>
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        <valUSD>85187.61000000</valUSD>
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          <maturityDt>2047-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Development Authority of Cobb County (The)</name>
        <lei>N/A</lei>
        <title>Development Authority of Cobb County (The), Series 2020</title>
        <cusip>19078VCU0</cusip>
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          <isin value="US19078VCU08"/>
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        <curCd>USD</curCd>
        <valUSD>156869.14000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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      <invstOrSec>
        <name>Columbia County Hospital Authority/GA</name>
        <lei>N/A</lei>
        <title>Columbia County Hospital Authority</title>
        <cusip>197479AE8</cusip>
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          <isin value="US197479AE83"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152412.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority, Series O</title>
        <cusip>20774YWB9</cusip>
        <identifiers>
          <isin value="US20774YWB90"/>
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        <name>Energy Southeast A Cooperative District</name>
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        <name>Florida Gulf Coast University Financing Corp.</name>
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        <name>Fort Bend County Levee Improvement District No. 6</name>
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        <name>Greater Orlando Aviation Authority</name>
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        <name>Harris-Brazoria Counties Municipal Utility District No. 509</name>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>Harris County Municipal Utility District No. 171</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Harris County Water Control &amp; Improvement District No. 136</name>
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          <isin value="US414521ER16"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45203H5R98"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-12-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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          <isin value="US45204EHX94"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204ESZ24"/>
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          <maturityDt>2039-05-15</maturityDt>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204FJR73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Series 2022 A</title>
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          <isin value="US45204FTA39"/>
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        <balance>120000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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          <isin value="US452153CH07"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Illinois State Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-01-01</maturityDt>
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        <name>Imperial Irrigation District Electric System Revenue</name>
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          <isin value="US452650JA39"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Series 2016</title>
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          <isin value="US45506DA544"/>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <maturityDt>2037-10-01</maturityDt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45506DF428"/>
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        <balance>40000.00000000</balance>
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          <maturityDt>2036-10-01</maturityDt>
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        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
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          <isin value="US45528UJ774"/>
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        <name>Infirmary Health System Special Care Facilities Financing Authority of Mobile</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-02-01</maturityDt>
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        <name>Jefferson County Civic Facility Development Corp.</name>
        <lei>N/A</lei>
        <title>Jefferson County Civic Facility Development Corp., Series 2017 A</title>
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          <isin value="US47325RAT68"/>
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        <balance>30000.00000000</balance>
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          <maturityDt>2047-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JPMorgan US Government Money Market Fund</name>
        <lei>549300NQ5E5B7ZV4T516</lei>
        <title>JPMorgan US Government Money Market Fund</title>
        <cusip>4812C0670</cusip>
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        <name>Montgomery County Municipal Utility District No. 42</name>
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          <maturityDt>2040-09-01</maturityDt>
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        <name>New York Counties Tobacco Trust IV</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hampshire Business Finance Authority</name>
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          <isin value="US63608TBN90"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <lei>N/A</lei>
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          <isin value="US63608TBQ22"/>
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          <maturityDt>2036-12-15</maturityDt>
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          <annualizedRt>5.87500000</annualizedRt>
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        <name>New Jersey Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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        <name>New Jersey Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.75000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New York City Municipal Water Finance Authority</name>
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          <maturityDt>2047-06-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2037-02-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>Northampton County General Purpose Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission</title>
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      <invstOrSec>
        <name>Oklahoma Water Resources Board</name>
        <lei>5493007CUNXW5UX11C71</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Palm Beach County Health Facilities Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Patrick Henry Local School District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
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      <invstOrSec>
        <name>Pinellas County School Board</name>
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        <name>Port of Beaumont Navigation District</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Port St Lucie FL</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74443DNN74"/>
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          <maturityDt>2056-06-01</maturityDt>
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        <name>Public Finance Authority</name>
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        <name>City of Reno NV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Salem NJ</name>
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        <name>City of Salisbury MD</name>
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        <name>City of Salt Lake City UT Airport Revenue</name>
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        <name>Norman Y Mineta San Jose International Airport SJC</name>
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          <isin value="US798136VU88"/>
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        <name>Seattle Housing Authority</name>
        <lei>5493003LM6XXXMFX5M88</lei>
        <title>Seattle Housing Authority, Series A</title>
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        <name>Seattle Housing Authority</name>
        <lei>5493003LM6XXXMFX5M88</lei>
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        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Syracuse Industrial Development Agency</name>
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        <name>Tampa-Hillsborough County Expressway Authority</name>
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      <invstOrSec>
        <name>Tennergy Corp.</name>
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          <isin value="US880397BW31"/>
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        <name>Texas A&amp;M University</name>
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        <name>Texas Private Activity Bond Surface Transportation Corp.</name>
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          <isin value="US882667CD81"/>
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        <name>Texas Water Development Board</name>
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        <name>County of Trimble KY</name>
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        <name>University of Louisville</name>
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        <name>Walled Lake Consolidated School District</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>West Lafayette Redevelopment Authority</name>
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        <name>West Park Municipal Utility District</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <debtSec>
          <maturityDt>2034-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>First Eagle ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Shuang Wu</ncom:signature>
      <ncom:signerName>Shuang Wu</ncom:signerName>
      <ncom:title> Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
