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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-7762

First Eagle Funds

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas

New York, NY 10105-4300

(Address of principal executive offices) (Zip code)

Sheelyn Michael

First Eagle Funds

1345 Avenue of the Americas

New York, NY 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-212-698-3300

Date of fiscal year end: October 31

Date of reporting period: April 30, 2026

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N- CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549- 1090. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders.

TABLE OF CONTENTS

First Eagle Global Fund Class A - SGENX

First Eagle Global Fund Class C - FESGX

First Eagle Global Fund Class I - SGIIX

First Eagle Global Fund Class R6 - FEGRX

First Eagle Overseas Fund Class A - SGOVX

First Eagle Overseas Fund Class C - FESOX

First Eagle Overseas Fund Class I - SGOIX

First Eagle Overseas Fund Class R6 - FEORX

First Eagle U.S. Fund Class A - FEVAX

First Eagle U.S. Fund Class C - FEVCX

First Eagle U.S. Fund Class I - FEVIX

First Eagle U.S. Fund Class R6 - FEVRX

First Eagle Gold Fund Class A - SGGDX

First Eagle Gold Fund Class C - FEGOX

First Eagle Gold Fund Class I - FEGIX

First Eagle Gold Fund Class R6 - FEURX

First Eagle Global Income Builder Fund Class A - FEBAX

First Eagle Global Income Builder Fund Class C - FEBCX

First Eagle Global Income Builder Fund Class I - FEBIX

First Eagle Global Income Builder Fund Class R6 - FEBRX

First Eagle Rising Dividend Fund Class A - FEFAX

First Eagle Rising Dividend Fund Class C - FEAMX

First Eagle Rising Dividend Fund Class I - FEAIX

First Eagle Rising Dividend Fund Class R6 - FEFRX

First Eagle Small Cap Opportunity Fund Class A - FESAX

First Eagle Small Cap Opportunity Fund Class C - FECCX

First Eagle Small Cap Opportunity Fund Class I - FESCX

First Eagle Small Cap Opportunity Fund Class R6 - FESRX

First Eagle U.S. Smid Cap Opportunity Fund Class A - FEMAX

First Eagle U.S. Smid Cap Opportunity Fund Class I - FESMX

First Eagle U.S. Smid Cap Opportunity Fund Class R6 - FEXRX

First Eagle Global Real Assets Fund Class A - FERAX

First Eagle Global Real Assets Fund Class I - FEREX

First Eagle Global Real Assets Fund Class R6 - FERRX

First Eagle High Yield Municipal Fund Class A - FEHAX

First Eagle High Yield Municipal Fund Class C - FEHCX

First Eagle High Yield Municipal Fund Class I - FEHIX

First Eagle High Yield Municipal Fund Class R6 - FEHRX

First Eagle Short Duration High Yield Municipal Fund Class A - FDUAX

First Eagle Short Duration High Yield Municipal Fund Class C - FDYCX

First Eagle Short Duration High Yield Municipal Fund Class I - FDUIX

First Eagle Short Duration High Yield Municipal Fund Class R6 - FDURX

First Eagle Core Plus Municipal Fund Class A - FPMAX

First Eagle Core Plus Municipal Fund Class C - FPLCX

First Eagle Core Plus Municipal Fund Class I - FPMMX

First Eagle Core Plus Municipal Fund Class R6 - FPCPX

April 30, 2026

Semi-Annual Shareholder Report

Class A | SGENX

This Semi-Annual Shareholder Report contains important information about the Class A shares of the Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class A	$57	1.09%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$74,866,788,287
Number of Portfolio Holdings226
Portfolio Turnover Rate12.28%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	83.9%
Commodities	10.4%
Corporate Bonds	0.0%^{Footnote Reference1}
Short-Term Investments	5.7%^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference3}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference4}	10.4%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	2.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	1.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
British American Tobacco plc (Tobacco, United Kingdom)	1.6%
SLB Ltd. (Energy Equipment & Services, United States)	1.5%
Elevance Health, Inc. (Health Care Providers & Services, United States)	1.4%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	1.3%
Prosus NV (Broadline Retail, China)	1.3%
Total	25.3%

Footnote	Description
Footnote¹	Less than 0.05%.
Footnote²	Includes short-term commercial paper (1.2% of total investments) that settles in 90 days or less; long-term commercial paper (4.2% of total investments) that settles in 91 days or more; and other short-term investments (0.3% of total investments), such as U.S. treasury bills or money market funds.
Footnote³	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote⁴	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.7%
Others^{Footnote Reference1}	3.7%
Consumer Discretionary	5.9%
Materials	6.1%
Energy	7.0%
Communication Services	8.0%
Health Care	8.8%
Information Technology	9.8%
Industrials	10.0%
Commodities	10.4%
Financials	12.0%
Consumer Staples	12.6%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	50.4%
United Kingdom	7.5%
Japan	6.5%
Canada	5.2%
South Korea	3.9%
France	3.9%
Switzerland	3.0%
Mexico	2.7%
Hong Kong	2.2%
China	2.0%
Others^{Footnote Reference4}	7.0%
Short-Term Investments	5.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Global Fund

April 30, 2026

Semi-Annual Shareholder Report

Class A | SGENX

First Eagle Investments

For more information, please scan the QR code to navigate to the Mutual Fund Shareholder Reports webpage. If you wish to view additional information about the Fund, including but not limited to financial statements, holdings, or the Fund's prospectus, please visit http://www.firsteagle.com.

Important Notice Regarding Delivery of Shareholder Materials

Unless we are notified otherwise, we send one copy of these materials to shareholders with the same residential address (provided they have the same last name or are reasonably believed to be family members) for as long as they remain a shareholder of the Fund. If you would like to receive individual mailings, please call 800.334.2143 and we will send separate copies of these materials within 30 days after receiving your request.

April 30, 2026

Semi-Annual Shareholder Report

Class C | FESGX

This Semi-Annual Shareholder Report contains important information about the Class C shares of the Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class C	$97	1.85%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$74,866,788,287
Number of Portfolio Holdings226
Portfolio Turnover Rate12.28%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	83.9%
Commodities	10.4%
Corporate Bonds	0.0%^{Footnote Reference1}
Short-Term Investments	5.7%^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference3}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference4}	10.4%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	2.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	1.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
British American Tobacco plc (Tobacco, United Kingdom)	1.6%
SLB Ltd. (Energy Equipment & Services, United States)	1.5%
Elevance Health, Inc. (Health Care Providers & Services, United States)	1.4%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	1.3%
Prosus NV (Broadline Retail, China)	1.3%
Total	25.3%

Footnote	Description
Footnote¹	Less than 0.05%.
Footnote²	Includes short-term commercial paper (1.2% of total investments) that settles in 90 days or less; long-term commercial paper (4.2% of total investments) that settles in 91 days or more; and other short-term investments (0.3% of total investments), such as U.S. treasury bills or money market funds.
Footnote³	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote⁴	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.7%
Others^{Footnote Reference1}	3.7%
Consumer Discretionary	5.9%
Materials	6.1%
Energy	7.0%
Communication Services	8.0%
Health Care	8.8%
Information Technology	9.8%
Industrials	10.0%
Commodities	10.4%
Financials	12.0%
Consumer Staples	12.6%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	50.4%
United Kingdom	7.5%
Japan	6.5%
Canada	5.2%
South Korea	3.9%
France	3.9%
Switzerland	3.0%
Mexico	2.7%
Hong Kong	2.2%
China	2.0%
Others^{Footnote Reference4}	7.0%
Short-Term Investments	5.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Global Fund

April 30, 2026

Semi-Annual Shareholder Report

Class C | FESGX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class I | SGIIX

This Semi-Annual Shareholder Report contains important information about the Class I shares of the Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class I	$45	0.85%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$74,866,788,287
Number of Portfolio Holdings226
Portfolio Turnover Rate12.28%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	83.9%
Commodities	10.4%
Corporate Bonds	0.0%^{Footnote Reference1}
Short-Term Investments	5.7%^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference3}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference4}	10.4%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	2.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	1.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
British American Tobacco plc (Tobacco, United Kingdom)	1.6%
SLB Ltd. (Energy Equipment & Services, United States)	1.5%
Elevance Health, Inc. (Health Care Providers & Services, United States)	1.4%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	1.3%
Prosus NV (Broadline Retail, China)	1.3%
Total	25.3%

Footnote	Description
Footnote¹	Less than 0.05%.
Footnote²	Includes short-term commercial paper (1.2% of total investments) that settles in 90 days or less; long-term commercial paper (4.2% of total investments) that settles in 91 days or more; and other short-term investments (0.3% of total investments), such as U.S. treasury bills or money market funds.
Footnote³	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote⁴	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.7%
Others^{Footnote Reference1}	3.7%
Consumer Discretionary	5.9%
Materials	6.1%
Energy	7.0%
Communication Services	8.0%
Health Care	8.8%
Information Technology	9.8%
Industrials	10.0%
Commodities	10.4%
Financials	12.0%
Consumer Staples	12.6%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	50.4%
United Kingdom	7.5%
Japan	6.5%
Canada	5.2%
South Korea	3.9%
France	3.9%
Switzerland	3.0%
Mexico	2.7%
Hong Kong	2.2%
China	2.0%
Others^{Footnote Reference4}	7.0%
Short-Term Investments	5.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Global Fund

April 30, 2026

Semi-Annual Shareholder Report

Class I | SGIIX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEGRX

This Semi-Annual Shareholder Report contains important information about the Class R6 shares of the Fund for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class R6	$41	0.78%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$74,866,788,287
Number of Portfolio Holdings226
Portfolio Turnover Rate12.28%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	83.9%
Commodities	10.4%
Corporate Bonds	0.0%^{Footnote Reference1}
Short-Term Investments	5.7%^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference3}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference4}	10.4%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	2.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	1.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
British American Tobacco plc (Tobacco, United Kingdom)	1.6%
SLB Ltd. (Energy Equipment & Services, United States)	1.5%
Elevance Health, Inc. (Health Care Providers & Services, United States)	1.4%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	1.3%
Prosus NV (Broadline Retail, China)	1.3%
Total	25.3%

Footnote	Description
Footnote¹	Less than 0.05%.
Footnote²	Includes short-term commercial paper (1.2% of total investments) that settles in 90 days or less; long-term commercial paper (4.2% of total investments) that settles in 91 days or more; and other short-term investments (0.3% of total investments), such as U.S. treasury bills or money market funds.
Footnote³	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote⁴	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.7%
Others^{Footnote Reference1}	3.7%
Consumer Discretionary	5.9%
Materials	6.1%
Energy	7.0%
Communication Services	8.0%
Health Care	8.8%
Information Technology	9.8%
Industrials	10.0%
Commodities	10.4%
Financials	12.0%
Consumer Staples	12.6%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	50.4%
United Kingdom	7.5%
Japan	6.5%
Canada	5.2%
South Korea	3.9%
France	3.9%
Switzerland	3.0%
Mexico	2.7%
Hong Kong	2.2%
China	2.0%
Others^{Footnote Reference4}	7.0%
Short-Term Investments	5.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Global Fund

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEGRX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class A | SGOVX

First Eagle Overseas Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class A	$59	1.12%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$17,191,174,042
Number of Portfolio Holdings166
Portfolio Turnover Rate10.64%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	85.5%
Commodities	9.0%
Short-Term Investments	5.5%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	9.0%
Imperial Oil Ltd. (Oil, Gas & Consumable Fuels, Canada)	3.2%
Shell plc (Oil, Gas & Consumable Fuels, United Kingdom)	2.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	2.5%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	2.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.0%
Prosus NV (Broadline Retail, China)	1.9%
SMC Corp. (Machinery, Japan)	1.8%
Dassault Systemes SE (Software, France)	1.8%
Fomento Economico Mexicano SAB de CV, ADR (Beverages, Mexico)	1.6%
Total	28.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.5% of total investments) that settles in 90 days or less; long-term commercial paper (3.6% of total investments) that settles in 91 days or more; and other short-term investments (0.4% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.5%
Others^{Footnote Reference1}	0.8%
Real Estate	3.0%
Health Care	4.6%
Energy	6.1%
Materials	8.0%
Commodities	9.0%
Information Technology	9.0%
Consumer Discretionary	9.4%
Industrials	11.9%
Financials	13.7%
Consumer Staples	18.7%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
Japan	14.7%
United Kingdom	12.5%
United States^{Footnote Reference3}	10.9%
Canada	8.5%
South Korea	6.5%
France	6.5%
Switzerland	4.3%
Hong Kong	4.3%
Mexico	4.2%
Germany	3.2%
Others^{Footnote Reference4}	18.9%
Short-Term Investments	5.5%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Overseas Fund

April 30, 2026

Semi-Annual Shareholder Report

Class A | SGOVX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class C | FESOX

First Eagle Overseas Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class C	$98	1.86%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$17,191,174,042
Number of Portfolio Holdings166
Portfolio Turnover Rate10.64%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	85.5%
Commodities	9.0%
Short-Term Investments	5.5%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	9.0%
Imperial Oil Ltd. (Oil, Gas & Consumable Fuels, Canada)	3.2%
Shell plc (Oil, Gas & Consumable Fuels, United Kingdom)	2.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	2.5%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	2.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.0%
Prosus NV (Broadline Retail, China)	1.9%
SMC Corp. (Machinery, Japan)	1.8%
Dassault Systemes SE (Software, France)	1.8%
Fomento Economico Mexicano SAB de CV, ADR (Beverages, Mexico)	1.6%
Total	28.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.5% of total investments) that settles in 90 days or less; long-term commercial paper (3.6% of total investments) that settles in 91 days or more; and other short-term investments (0.4% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.5%
Others^{Footnote Reference1}	0.8%
Real Estate	3.0%
Health Care	4.6%
Energy	6.1%
Materials	8.0%
Commodities	9.0%
Information Technology	9.0%
Consumer Discretionary	9.4%
Industrials	11.9%
Financials	13.7%
Consumer Staples	18.7%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
Japan	14.7%
United Kingdom	12.5%
United States^{Footnote Reference3}	10.9%
Canada	8.5%
South Korea	6.5%
France	6.5%
Switzerland	4.3%
Hong Kong	4.3%
Mexico	4.2%
Germany	3.2%
Others^{Footnote Reference4}	18.9%
Short-Term Investments	5.5%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Overseas Fund

April 30, 2026

Semi-Annual Shareholder Report

Class C | FESOX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class I | SGOIX

First Eagle Overseas Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class I	$46	0.87%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$17,191,174,042
Number of Portfolio Holdings166
Portfolio Turnover Rate10.64%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	85.5%
Commodities	9.0%
Short-Term Investments	5.5%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	9.0%
Imperial Oil Ltd. (Oil, Gas & Consumable Fuels, Canada)	3.2%
Shell plc (Oil, Gas & Consumable Fuels, United Kingdom)	2.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	2.5%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	2.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.0%
Prosus NV (Broadline Retail, China)	1.9%
SMC Corp. (Machinery, Japan)	1.8%
Dassault Systemes SE (Software, France)	1.8%
Fomento Economico Mexicano SAB de CV, ADR (Beverages, Mexico)	1.6%
Total	28.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.5% of total investments) that settles in 90 days or less; long-term commercial paper (3.6% of total investments) that settles in 91 days or more; and other short-term investments (0.4% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.5%
Others^{Footnote Reference1}	0.8%
Real Estate	3.0%
Health Care	4.6%
Energy	6.1%
Materials	8.0%
Commodities	9.0%
Information Technology	9.0%
Consumer Discretionary	9.4%
Industrials	11.9%
Financials	13.7%
Consumer Staples	18.7%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
Japan	14.7%
United Kingdom	12.5%
United States^{Footnote Reference3}	10.9%
Canada	8.5%
South Korea	6.5%
France	6.5%
Switzerland	4.3%
Hong Kong	4.3%
Mexico	4.2%
Germany	3.2%
Others^{Footnote Reference4}	18.9%
Short-Term Investments	5.5%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Overseas Fund

April 30, 2026

Semi-Annual Shareholder Report

Class I | SGOIX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEORX

First Eagle Overseas Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class R6	$42	0.79%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$17,191,174,042
Number of Portfolio Holdings166
Portfolio Turnover Rate10.64%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	85.5%
Commodities	9.0%
Short-Term Investments	5.5%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	9.0%
Imperial Oil Ltd. (Oil, Gas & Consumable Fuels, Canada)	3.2%
Shell plc (Oil, Gas & Consumable Fuels, United Kingdom)	2.9%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	2.5%
LVMH Moet Hennessy Louis Vuitton SE (Textiles, Apparel & Luxury Goods, France)	2.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.0%
Prosus NV (Broadline Retail, China)	1.9%
SMC Corp. (Machinery, Japan)	1.8%
Dassault Systemes SE (Software, France)	1.8%
Fomento Economico Mexicano SAB de CV, ADR (Beverages, Mexico)	1.6%
Total	28.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.5% of total investments) that settles in 90 days or less; long-term commercial paper (3.6% of total investments) that settles in 91 days or more; and other short-term investments (0.4% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	5.5%
Others^{Footnote Reference1}	0.8%
Real Estate	3.0%
Health Care	4.6%
Energy	6.1%
Materials	8.0%
Commodities	9.0%
Information Technology	9.0%
Consumer Discretionary	9.4%
Industrials	11.9%
Financials	13.7%
Consumer Staples	18.7%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
Japan	14.7%
United Kingdom	12.5%
United States^{Footnote Reference3}	10.9%
Canada	8.5%
South Korea	6.5%
France	6.5%
Switzerland	4.3%
Hong Kong	4.3%
Mexico	4.2%
Germany	3.2%
Others^{Footnote Reference4}	18.9%
Short-Term Investments	5.5%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

First Eagle Overseas Fund

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEORX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class A | FEVAX

First Eagle U.S. Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class A	$59	1.13%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$1,652,642,257
Number of Portfolio Holdings87
Portfolio Turnover Rate11.05%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	76.0%
Commodities	11.8%
Master Limited Partnerships	1.9%
Corporate Bonds	1.2%
Convertible Preferred Stocks	0.3%
Convertible Bonds	0.3%
Preferred Stocks	0.2%
Short-Term Investments	8.3%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	11.7%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	4.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	3.3%
Bank of New York Mellon Corp. (The) (Capital Markets, United States)	2.9%
HCA Healthcare, Inc. (Health Care Providers & Services, United States)	2.8%
Elevance Health, Inc. (Health Care Providers & Services, United States)	2.8%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	2.8%
Philip Morris International, Inc. (Tobacco, United States)	2.3%
Oracle Corp. (Software, United States)	2.2%
ONEOK, Inc. (Oil, Gas & Consumable Fuels, United States)	2.1%
Total	37.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.7% of total investments) that settles in 90 days or less; long-term commercial paper (2.7% of total investments) that settles in 91 days or more; and other short-term investments (3.9% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	8.3%
Real Estate	4.6%
Consumer Staples	5.1%
Materials	6.4%
Industrials	7.8%
Information Technology	8.9%
Energy	10.3%
Financials	10.9%
Commodities	11.8%
Communication Services	12.2%
Health Care	13.7%

First Eagle U.S. Fund

April 30, 2026

Semi-Annual Shareholder Report

Class A | FEVAX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEVCX

First Eagle U.S. Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class C	$98	1.89%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$1,652,642,257
Number of Portfolio Holdings87
Portfolio Turnover Rate11.05%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	76.0%
Commodities	11.8%
Master Limited Partnerships	1.9%
Corporate Bonds	1.2%
Convertible Preferred Stocks	0.3%
Convertible Bonds	0.3%
Preferred Stocks	0.2%
Short-Term Investments	8.3%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	11.7%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	4.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	3.3%
Bank of New York Mellon Corp. (The) (Capital Markets, United States)	2.9%
HCA Healthcare, Inc. (Health Care Providers & Services, United States)	2.8%
Elevance Health, Inc. (Health Care Providers & Services, United States)	2.8%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	2.8%
Philip Morris International, Inc. (Tobacco, United States)	2.3%
Oracle Corp. (Software, United States)	2.2%
ONEOK, Inc. (Oil, Gas & Consumable Fuels, United States)	2.1%
Total	37.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.7% of total investments) that settles in 90 days or less; long-term commercial paper (2.7% of total investments) that settles in 91 days or more; and other short-term investments (3.9% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	8.3%
Real Estate	4.6%
Consumer Staples	5.1%
Materials	6.4%
Industrials	7.8%
Information Technology	8.9%
Energy	10.3%
Financials	10.9%
Commodities	11.8%
Communication Services	12.2%
Health Care	13.7%

First Eagle U.S. Fund

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEVCX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEVIX

First Eagle U.S. Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class I	$45	0.88%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$1,652,642,257
Number of Portfolio Holdings87
Portfolio Turnover Rate11.05%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	76.0%
Commodities	11.8%
Master Limited Partnerships	1.9%
Corporate Bonds	1.2%
Convertible Preferred Stocks	0.3%
Convertible Bonds	0.3%
Preferred Stocks	0.2%
Short-Term Investments	8.3%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	11.7%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	4.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	3.3%
Bank of New York Mellon Corp. (The) (Capital Markets, United States)	2.9%
HCA Healthcare, Inc. (Health Care Providers & Services, United States)	2.8%
Elevance Health, Inc. (Health Care Providers & Services, United States)	2.8%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	2.8%
Philip Morris International, Inc. (Tobacco, United States)	2.3%
Oracle Corp. (Software, United States)	2.2%
ONEOK, Inc. (Oil, Gas & Consumable Fuels, United States)	2.1%
Total	37.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.7% of total investments) that settles in 90 days or less; long-term commercial paper (2.7% of total investments) that settles in 91 days or more; and other short-term investments (3.9% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	8.3%
Real Estate	4.6%
Consumer Staples	5.1%
Materials	6.4%
Industrials	7.8%
Information Technology	8.9%
Energy	10.3%
Financials	10.9%
Commodities	11.8%
Communication Services	12.2%
Health Care	13.7%

First Eagle U.S. Fund

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEVIX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEVRX

First Eagle U.S. Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class R6	$42	0.81%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$1,652,642,257
Number of Portfolio Holdings87
Portfolio Turnover Rate11.05%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	76.0%
Commodities	11.8%
Master Limited Partnerships	1.9%
Corporate Bonds	1.2%
Convertible Preferred Stocks	0.3%
Convertible Bonds	0.3%
Preferred Stocks	0.2%
Short-Term Investments	8.3%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	11.7%
Alphabet, Inc., Class C (Interactive Media & Services, United States)	4.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	3.3%
Bank of New York Mellon Corp. (The) (Capital Markets, United States)	2.9%
HCA Healthcare, Inc. (Health Care Providers & Services, United States)	2.8%
Elevance Health, Inc. (Health Care Providers & Services, United States)	2.8%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	2.8%
Philip Morris International, Inc. (Tobacco, United States)	2.3%
Oracle Corp. (Software, United States)	2.2%
ONEOK, Inc. (Oil, Gas & Consumable Fuels, United States)	2.1%
Total	37.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.7% of total investments) that settles in 90 days or less; long-term commercial paper (2.7% of total investments) that settles in 91 days or more; and other short-term investments (3.9% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	8.3%
Real Estate	4.6%
Consumer Staples	5.1%
Materials	6.4%
Industrials	7.8%
Information Technology	8.9%
Energy	10.3%
Financials	10.9%
Commodities	11.8%
Communication Services	12.2%
Health Care	13.7%

First Eagle U.S. Fund

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEVRX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class A | SGGDX

First Eagle Gold Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class A	$63	1.12%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$5,378,075,140
Number of Portfolio Holdings28
Portfolio Turnover Rate10.25%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	73.1%
Commodities	25.0%
Rights	0.1%
Short-Term Investments	1.8%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	21.0%
Wheaton Precious Metals Corp. (Metals & Mining, Canada)	10.6%
Agnico Eagle Mines Ltd. (Metals & Mining, Canada)	7.3%
Newmont Corp. (Metals & Mining, United States)	6.9%
Franco-Nevada Corp. (Metals & Mining, Canada)	4.9%
DPM Metals, Inc. (Metals & Mining, Canada)	4.9%
G Mining Ventures Corp. (Metals & Mining, Canada)	4.8%
Alamos Gold, Inc., Class A (Metals & Mining, Canada)	4.5%
Barrick Mining Corp. (Metals & Mining, Canada)	4.0%
Kinross Gold Corp. (Metals & Mining, Canada)	3.8%
Total	72.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.8% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	1.8%
Commodities	25.0%
Materials	73.2%

Asset Allocation by Country^{Footnote Reference1}

Based on total investments in the portfolio

Table Summary
Canada	51.2%
United States^{Footnote Reference2}	35.5%
Australia	4.0%
South Africa	2.8%
United Kingdom	2.6%
Mexico	2.1%
Short-Term Investments	1.8%

Footnote	Description
Footnote¹	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote²	Includes gold and silver bullion.

First Eagle Gold Fund

April 30, 2026

Semi-Annual Shareholder Report

Class A | SGGDX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEGOX

First Eagle Gold Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class C	$105	1.85%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$5,378,075,140
Number of Portfolio Holdings28
Portfolio Turnover Rate10.25%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	73.1%
Commodities	25.0%
Rights	0.1%
Short-Term Investments	1.8%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	21.0%
Wheaton Precious Metals Corp. (Metals & Mining, Canada)	10.6%
Agnico Eagle Mines Ltd. (Metals & Mining, Canada)	7.3%
Newmont Corp. (Metals & Mining, United States)	6.9%
Franco-Nevada Corp. (Metals & Mining, Canada)	4.9%
DPM Metals, Inc. (Metals & Mining, Canada)	4.9%
G Mining Ventures Corp. (Metals & Mining, Canada)	4.8%
Alamos Gold, Inc., Class A (Metals & Mining, Canada)	4.5%
Barrick Mining Corp. (Metals & Mining, Canada)	4.0%
Kinross Gold Corp. (Metals & Mining, Canada)	3.8%
Total	72.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.8% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	1.8%
Commodities	25.0%
Materials	73.2%

Asset Allocation by Country^{Footnote Reference1}

Based on total investments in the portfolio

Table Summary
Canada	51.2%
United States^{Footnote Reference2}	35.5%
Australia	4.0%
South Africa	2.8%
United Kingdom	2.6%
Mexico	2.1%
Short-Term Investments	1.8%

Footnote	Description
Footnote¹	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote²	Includes gold and silver bullion.

First Eagle Gold Fund

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEGOX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEGIX

First Eagle Gold Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class I	$50	0.88%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$5,378,075,140
Number of Portfolio Holdings28
Portfolio Turnover Rate10.25%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	73.1%
Commodities	25.0%
Rights	0.1%
Short-Term Investments	1.8%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	21.0%
Wheaton Precious Metals Corp. (Metals & Mining, Canada)	10.6%
Agnico Eagle Mines Ltd. (Metals & Mining, Canada)	7.3%
Newmont Corp. (Metals & Mining, United States)	6.9%
Franco-Nevada Corp. (Metals & Mining, Canada)	4.9%
DPM Metals, Inc. (Metals & Mining, Canada)	4.9%
G Mining Ventures Corp. (Metals & Mining, Canada)	4.8%
Alamos Gold, Inc., Class A (Metals & Mining, Canada)	4.5%
Barrick Mining Corp. (Metals & Mining, Canada)	4.0%
Kinross Gold Corp. (Metals & Mining, Canada)	3.8%
Total	72.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.8% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	1.8%
Commodities	25.0%
Materials	73.2%

Asset Allocation by Country^{Footnote Reference1}

Based on total investments in the portfolio

Table Summary
Canada	51.2%
United States^{Footnote Reference2}	35.5%
Australia	4.0%
South Africa	2.8%
United Kingdom	2.6%
Mexico	2.1%
Short-Term Investments	1.8%

Footnote	Description
Footnote¹	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote²	Includes gold and silver bullion.

First Eagle Gold Fund

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEGIX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEURX

First Eagle Gold Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class R6	$45	0.80%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$5,378,075,140
Number of Portfolio Holdings28
Portfolio Turnover Rate10.25%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	73.1%
Commodities	25.0%
Rights	0.1%
Short-Term Investments	1.8%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)^{Footnote Reference3}	21.0%
Wheaton Precious Metals Corp. (Metals & Mining, Canada)	10.6%
Agnico Eagle Mines Ltd. (Metals & Mining, Canada)	7.3%
Newmont Corp. (Metals & Mining, United States)	6.9%
Franco-Nevada Corp. (Metals & Mining, Canada)	4.9%
DPM Metals, Inc. (Metals & Mining, Canada)	4.9%
G Mining Ventures Corp. (Metals & Mining, Canada)	4.8%
Alamos Gold, Inc., Class A (Metals & Mining, Canada)	4.5%
Barrick Mining Corp. (Metals & Mining, Canada)	4.0%
Kinross Gold Corp. (Metals & Mining, Canada)	3.8%
Total	72.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.8% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.
Footnote³	The Fund invests in gold and precious metals through investment in a wholly owned subsidiary of the Fund organized under the laws of the Cayman Islands (the “Subsidiary”). Gold bullion and commodities include the Fund’s investment in the Subsidiary.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	1.8%
Commodities	25.0%
Materials	73.2%

Asset Allocation by Country^{Footnote Reference1}

Based on total investments in the portfolio

Table Summary
Canada	51.2%
United States^{Footnote Reference2}	35.5%
Australia	4.0%
South Africa	2.8%
United Kingdom	2.6%
Mexico	2.1%
Short-Term Investments	1.8%

Footnote	Description
Footnote¹	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote²	Includes gold and silver bullion.

First Eagle Gold Fund

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEURX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class A | FEBAX

This Semi-Annual Shareholder Report contains important information about the Class A shares of the Fund, and a material change that occurred for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Income Builder Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class A	$60	1.13%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$2,524,689,685
Number of Portfolio Holdings251
Portfolio Turnover Rate11.80%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	60.8%
U.S. Treasury Obligations	11.9%
Corporate Bonds	12.0%
Commodities	8.1%
Foreign Government Securities	2.0%
Preferred Stocks	1.6%
Convertible Preferred Stocks	1.3%
Master Limited Partnerships	1.1%
Convertible Bonds	0.3%
Loan Assignments	0.1%
Asset-Backed Securities	0.1%
Short-Term Investments	0.7%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)	8.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.7%
Jardine Matheson Holdings Ltd. (Industrial Conglomerates, Hong Kong)	2.3%
Nestle SA (Registered) (Food Products, Switzerland)	1.8%
Unilever plc (Personal Care Products, United Kingdom)	1.7%
Power Corp. of Canada (Insurance, Canada)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
KT&G Corp. (Tobacco, South Korea)	1.6%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.6%
U.S. Treasury Notes (U.S. Treasury Obligations, United States)	1.5%
Total	24.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (0.7% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	0.7%
Others^{Footnote Reference1}	8.2%
Real Estate	5.0%
Materials	5.6%
Information Technology	6.4%
Industrials	6.7%
Energy	6.9%
Health Care	7.3%
Commodities	8.1%
U.S. Treasury Obligations	12.0%
Financials	14.6%
Consumer Staples	18.5%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	51.7%
United Kingdom	7.5%
Canada	5.9%
South Korea	5.4%
Hong Kong	4.3%
Switzerland	4.0%
Mexico	3.9%
Japan	3.4%
Brazil	2.6%
Netherlands	1.5%
Others^{Footnote Reference4}	9.1%
Short-Term Investments	0.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

Material Fund Changes

First Eagle Global Income Builder Fund changed its name to First Eagle Global Balanced Fund effective May 15, 2026.

First Eagle Global Income Builder Fund

April 30, 2026

Semi-Annual Shareholder Report

Class A | FEBAX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEBCX

This Semi-Annual Shareholder Report contains important information about the Class C shares of the Fund, and a material change that occurred for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Income Builder Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class C	$101	1.91%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$2,524,689,685
Number of Portfolio Holdings251
Portfolio Turnover Rate11.80%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	60.8%
U.S. Treasury Obligations	11.9%
Corporate Bonds	12.0%
Commodities	8.1%
Foreign Government Securities	2.0%
Preferred Stocks	1.6%
Convertible Preferred Stocks	1.3%
Master Limited Partnerships	1.1%
Convertible Bonds	0.3%
Loan Assignments	0.1%
Asset-Backed Securities	0.1%
Short-Term Investments	0.7%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)	8.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.7%
Jardine Matheson Holdings Ltd. (Industrial Conglomerates, Hong Kong)	2.3%
Nestle SA (Registered) (Food Products, Switzerland)	1.8%
Unilever plc (Personal Care Products, United Kingdom)	1.7%
Power Corp. of Canada (Insurance, Canada)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
KT&G Corp. (Tobacco, South Korea)	1.6%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.6%
U.S. Treasury Notes (U.S. Treasury Obligations, United States)	1.5%
Total	24.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (0.7% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	0.7%
Others^{Footnote Reference1}	8.2%
Real Estate	5.0%
Materials	5.6%
Information Technology	6.4%
Industrials	6.7%
Energy	6.9%
Health Care	7.3%
Commodities	8.1%
U.S. Treasury Obligations	12.0%
Financials	14.6%
Consumer Staples	18.5%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	51.7%
United Kingdom	7.5%
Canada	5.9%
South Korea	5.4%
Hong Kong	4.3%
Switzerland	4.0%
Mexico	3.9%
Japan	3.4%
Brazil	2.6%
Netherlands	1.5%
Others^{Footnote Reference4}	9.1%
Short-Term Investments	0.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

Material Fund Changes

First Eagle Global Income Builder Fund changed its name to First Eagle Global Balanced Fund effective May 15, 2026.

First Eagle Global Income Builder Fund

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEBCX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEBIX

This Semi-Annual Shareholder Report contains important information about the Class I shares of the Fund, and a material change that occurred for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Income Builder Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class I	$48	0.91%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$2,524,689,685
Number of Portfolio Holdings251
Portfolio Turnover Rate11.80%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	60.8%
U.S. Treasury Obligations	11.9%
Corporate Bonds	12.0%
Commodities	8.1%
Foreign Government Securities	2.0%
Preferred Stocks	1.6%
Convertible Preferred Stocks	1.3%
Master Limited Partnerships	1.1%
Convertible Bonds	0.3%
Loan Assignments	0.1%
Asset-Backed Securities	0.1%
Short-Term Investments	0.7%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)	8.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.7%
Jardine Matheson Holdings Ltd. (Industrial Conglomerates, Hong Kong)	2.3%
Nestle SA (Registered) (Food Products, Switzerland)	1.8%
Unilever plc (Personal Care Products, United Kingdom)	1.7%
Power Corp. of Canada (Insurance, Canada)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
KT&G Corp. (Tobacco, South Korea)	1.6%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.6%
U.S. Treasury Notes (U.S. Treasury Obligations, United States)	1.5%
Total	24.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (0.7% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	0.7%
Others^{Footnote Reference1}	8.2%
Real Estate	5.0%
Materials	5.6%
Information Technology	6.4%
Industrials	6.7%
Energy	6.9%
Health Care	7.3%
Commodities	8.1%
U.S. Treasury Obligations	12.0%
Financials	14.6%
Consumer Staples	18.5%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	51.7%
United Kingdom	7.5%
Canada	5.9%
South Korea	5.4%
Hong Kong	4.3%
Switzerland	4.0%
Mexico	3.9%
Japan	3.4%
Brazil	2.6%
Netherlands	1.5%
Others^{Footnote Reference4}	9.1%
Short-Term Investments	0.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

Material Fund Changes

First Eagle Global Income Builder Fund changed its name to First Eagle Global Balanced Fund effective May 15, 2026.

First Eagle Global Income Builder Fund

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEBIX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEBRX

This Semi-Annual Shareholder Report contains important information about the Class R6 shares of the Fund, and a material change that occurred for the period of November 1, 2025 to April 30, 2026. You can find additional information about the Fund at https://www.firsteagle.com/first-eagle-fund-shareholder-reports. You can also request this information by contacting us at 800.334.2143.

First Eagle Global Income Builder Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class R6	$45	0.85%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$2,524,689,685
Number of Portfolio Holdings251
Portfolio Turnover Rate11.80%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	60.8%
U.S. Treasury Obligations	11.9%
Corporate Bonds	12.0%
Commodities	8.1%
Foreign Government Securities	2.0%
Preferred Stocks	1.6%
Convertible Preferred Stocks	1.3%
Master Limited Partnerships	1.1%
Convertible Bonds	0.3%
Loan Assignments	0.1%
Asset-Backed Securities	0.1%
Short-Term Investments	0.7%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Gold bullion (Precious Metal)	8.0%
British American Tobacco plc (Tobacco, United Kingdom)	2.7%
Jardine Matheson Holdings Ltd. (Industrial Conglomerates, Hong Kong)	2.3%
Nestle SA (Registered) (Food Products, Switzerland)	1.8%
Unilever plc (Personal Care Products, United Kingdom)	1.7%
Power Corp. of Canada (Insurance, Canada)	1.7%
Becton Dickinson & Co. (Health Care Equipment & Supplies, United States)	1.6%
KT&G Corp. (Tobacco, South Korea)	1.6%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	1.6%
U.S. Treasury Notes (U.S. Treasury Obligations, United States)	1.5%
Total	24.5%

Footnote	Description
Footnote¹	Includes short-term commercial paper (0.7% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	0.7%
Others^{Footnote Reference1}	8.2%
Real Estate	5.0%
Materials	5.6%
Information Technology	6.4%
Industrials	6.7%
Energy	6.9%
Health Care	7.3%
Commodities	8.1%
U.S. Treasury Obligations	12.0%
Financials	14.6%
Consumer Staples	18.5%

Asset Allocation by Country^{Footnote Reference2}

Based on total investments in the portfolio

Table Summary
United States^{Footnote Reference3}	51.7%
United Kingdom	7.5%
Canada	5.9%
South Korea	5.4%
Hong Kong	4.3%
Switzerland	4.0%
Mexico	3.9%
Japan	3.4%
Brazil	2.6%
Netherlands	1.5%
Others^{Footnote Reference4}	9.1%
Short-Term Investments	0.7%

Footnote	Description
Footnote¹	Includes additional sectors outside the top 10 listed above.
Footnote²	Country allocations reflect country of risk not currency of issue. Bonds of non-U.S. issuers may be U.S. dollar denominated.
Footnote³	Includes gold bullion.
Footnote⁴	Includes additional countries outside the top 10 listed above.

Material Fund Changes

First Eagle Global Income Builder Fund changed its name to First Eagle Global Balanced Fund effective May 15, 2026.

First Eagle Global Income Builder Fund

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEBRX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class A | FEFAX

First Eagle Rising Dividend Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class A	$47	0.90%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$472,780,719
Number of Portfolio Holdings38
Portfolio Turnover Rate17.75%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	94.7%
Master Limited Partnerships	3.7%
Short-Term Investments	1.6%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Alphabet, Inc., Class A (Interactive Media & Services, United States)	8.0%
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment, United States)	6.1%
TE Connectivity plc (Electronic Equipment, Instruments & Components, Ireland)	4.7%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	4.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	4.2%
Comcast Corp., Class A (Diversified Telecommunication Services, United States)	4.1%
Schindler Holding AG (Machinery, Switzerland)	3.8%
Salesforce, Inc. (Software, United States)	3.8%
HCA Healthcare, Inc. (Health Care Providers & Services, United States)	3.7%
Enterprise Products Partners LP (Oil, Gas & Consumable Fuels, United States)	3.7%
Total	46.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.6% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	1.6%
Real Estate	1.3%
Financials	1.6%
Energy	6.8%
Consumer Discretionary	7.6%
Consumer Staples	8.2%
Industrials	9.8%
Health Care	15.3%
Communication Services	16.3%
Information Technology	31.5%

First Eagle Rising Dividend Fund

April 30, 2026

Semi-Annual Shareholder Report

Class A | FEFAX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEAMX

First Eagle Rising Dividend Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class C	$86	1.65%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$472,780,719
Number of Portfolio Holdings38
Portfolio Turnover Rate17.75%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	94.7%
Master Limited Partnerships	3.7%
Short-Term Investments	1.6%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Alphabet, Inc., Class A (Interactive Media & Services, United States)	8.0%
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment, United States)	6.1%
TE Connectivity plc (Electronic Equipment, Instruments & Components, Ireland)	4.7%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	4.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	4.2%
Comcast Corp., Class A (Diversified Telecommunication Services, United States)	4.1%
Schindler Holding AG (Machinery, Switzerland)	3.8%
Salesforce, Inc. (Software, United States)	3.8%
HCA Healthcare, Inc. (Health Care Providers & Services, United States)	3.7%
Enterprise Products Partners LP (Oil, Gas & Consumable Fuels, United States)	3.7%
Total	46.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.6% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	1.6%
Real Estate	1.3%
Financials	1.6%
Energy	6.8%
Consumer Discretionary	7.6%
Consumer Staples	8.2%
Industrials	9.8%
Health Care	15.3%
Communication Services	16.3%
Information Technology	31.5%

First Eagle Rising Dividend Fund

April 30, 2026

Semi-Annual Shareholder Report

Class C | FEAMX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEAIX

First Eagle Rising Dividend Fund

What Were the Fund's Costs for the Last Six Months?

Based on a Hypothetical $10,000 Investment

Table Summary
Class Name	Cost of a $10,000 Investment	Cost Paid as a Percentage of a $10,000 Investment
Class I	$34	0.65%^{Footnote Reference1}

Footnote	Description
Footnote¹	Annualized.

Key Fund Statistics

Net Assets$472,780,719
Number of Portfolio Holdings38
Portfolio Turnover Rate17.75%^{Footnote Reference1}

Footnote	Description
Footnote¹	Not annualized.

Asset Allocation by Asset Class

Based on total investments in the portfolio

Table Summary
Value	Value
Common Stocks	94.7%
Master Limited Partnerships	3.7%
Short-Term Investments	1.6%^{Footnote Reference1}

Top 10 Holdings^{Footnote Reference2}

Based on total net assets of the portfolio

Table Summary
Alphabet, Inc., Class A (Interactive Media & Services, United States)	8.0%
Texas Instruments, Inc. (Semiconductors & Semiconductor Equipment, United States)	6.1%
TE Connectivity plc (Electronic Equipment, Instruments & Components, Ireland)	4.7%
Samsung Electronics Co. Ltd. (Preference) (Technology Hardware, Storage & Peripherals, South Korea)	4.6%
Meta Platforms, Inc., Class A (Interactive Media & Services, United States)	4.2%
Comcast Corp., Class A (Diversified Telecommunication Services, United States)	4.1%
Schindler Holding AG (Machinery, Switzerland)	3.8%
Salesforce, Inc. (Software, United States)	3.8%
HCA Healthcare, Inc. (Health Care Providers & Services, United States)	3.7%
Enterprise Products Partners LP (Oil, Gas & Consumable Fuels, United States)	3.7%
Total	46.7%

Footnote	Description
Footnote¹	Includes short-term commercial paper (1.6% of total investments) that settles in 90 days or less; long-term commercial paper (0.0% of total investments) that settles in 91 days or more; and other short-term investments (0.0% of total investments), such as U.S. treasury bills or money market funds.
Footnote²	Holdings in cash, short-term commercial paper, long-term commercial paper and other short-term cash equivalents have been excluded.

Asset Allocation by Sector

Based on total investments in the portfolio

Table Summary
Value	Value
Short-Term Investments	1.6%
Real Estate	1.3%
Financials	1.6%
Energy	6.8%
Consumer Discretionary	7.6%
Consumer Staples	8.2%
Industrials	9.8%
Health Care	15.3%
Communication Services	16.3%
Information Technology	31.5%

First Eagle Rising Dividend Fund

April 30, 2026

Semi-Annual Shareholder Report

Class I | FEAIX

First Eagle Investments

Important Notice Regarding Delivery of Shareholder Materials

April 30, 2026

Semi-Annual Shareholder Report

Class R6 | FEFRX

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference3

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference3

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference3

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference3

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Asset Allocation by Asset Class

Top 10 HoldingsFootnote Reference2

Asset Allocation by Sector

Important Notice Regarding Delivery of Shareholder Materials

What Were the Fund's Costs for the Last Six Months?

Key Fund Statistics

Top 10 Holdings^{Footnote Reference3}

Top 10 Holdings^{Footnote Reference3}

Top 10 Holdings^{Footnote Reference3}

Top 10 Holdings^{Footnote Reference3}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}

Top 10 Holdings^{Footnote Reference2}