NPORT-EX 2 FEFNPORT.htm

 

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2020 (unaudited)

   

Investments  Shares   Value ($) 
COMMON STOCKS - 75.3%          
           
Australia - 0.4%          
Newcrest Mining Ltd.   9,349,121    187,169,748 
           
Belgium - 0.6%          
Groupe Bruxelles Lambert SA      2,788,865    280,263,530 
           
Brazil - 0.2%          
Cielo SA   75,872,591    125,255,503 
           
Canada - 4.7%          
Agnico Eagle Mines Ltd.   3,871,032    239,270,377 
Barrick Gold Corp.   23,564,409    436,412,855 
Cenovus Energy, Inc.   13,128,069    114,345,481 
Franco-Nevada Corp.   1,720,472    195,564,911 
Imperial Oil Ltd.   10,896,401    258,371,666 
Nutrien Ltd.   11,278,104    481,462,260 
Power Corp. of Canada   10,384,176    259,094,372 
Wheaton Precious Metals Corp.   11,902,240    350,520,968 
         2,335,042,890 
Denmark - 0.1%          
ISS A/S   3,009,360    73,113,616 
           
France - 4.7%          
Cie de Saint-Gobain   8,744,290    329,907,784 
Danone SA   8,247,355    659,990,232 
Legrand SA   2,040,139    163,235,052 
LVMH Moet Hennessy Louis Vuitton SE   264,822    115,322,653 
Rexel SA   11,789,132    141,022,857 
Saint Jean Groupe SA(a)   261,940    6,826,857 
Sanofi   4,486,722    432,692,411 
Sodexo SA   3,089,157    323,449,753 
Wendel SA   1,067,994    142,486,883 
         2,314,934,482 
Germany - 0.9%          
HeidelbergCement AG   4,420,456    298,120,959 
Henkel AG & Co. KGaA (Preference)   1,054,898    107,285,802 
Hornbach Holding AG & Co. KGaA   451,742    28,557,255 
         433,964,016 
Hong Kong - 2.3%          
CK Asset Holdings Ltd.   29,853,500    190,732,622 
Guoco Group Ltd.   12,693,580    214,832,090 
Hang Lung Properties Ltd.   48,179,406    100,643,290 
Hongkong Land Holdings Ltd.   23,278,100    123,559,154 
Hysan Development Co. Ltd.   23,322,348    87,061,713 
Jardine Matheson Holdings Ltd.   6,979,771    389,066,130 
Jardine Strategic Holdings Ltd.   1,542,800    47,210,074 
         1,153,105,073 
Ireland - 0.2%          
CRH plc   3,284,015    123,662,128 
           
Japan - 11.3%          
Chofu Seisakusho Co. Ltd.(a)   3,346,500    71,025,000 
FANUC Corp.   4,173,600    760,137,786 
Hirose Electric Co. Ltd.(a)   2,202,315    273,151,564 
Hoshizaki Corp.   2,027,500    186,513,702 
Hoya Corp.   1,355,340    129,713,377 
KDDI Corp.   20,462,200    618,348,862 
Keyence Corp.   702,200    236,049,474 
Komatsu Ltd.   6,756,000    149,382,147 
Mitsubishi Electric Corp.   17,189,500    238,335,042 
Mitsubishi Estate Co. Ltd.   30,826,080    603,712,472 
MS&AD Insurance Group Holdings, Inc.   6,636,820    220,426,655 
Nissin Foods Holdings Co. Ltd.   1,469,130    110,270,939 
NTT DOCOMO, Inc.   7,423,400    210,916,633 
Olympus Corp.   1,619,924    26,173,515 
Secom Co. Ltd.   6,450,630    566,059,935 
Shimano, Inc.   1,737,990    266,481,590 
SMC Corp.   632,256    272,925,557 
Sompo Holdings, Inc.   16,952,900    633,425,281 
T Hasegawa Co. Ltd.(a)   3,002,800    61,597,273 
         5,634,646,804 
Mexico - 0.4%          
Fresnillo plc   18,230,274    159,243,597 
Industrias Penoles SAB de CV   6,401,020    66,860,857 
         226,104,454 
Norway - 0.3%          
Orkla ASA   13,983,441    134,993,215 
           
South Korea - 2.0%          
Hyundai Mobis Co. Ltd.   1,067,561    204,142,892 
Kia Motors Corp.   6,083,209    206,907,169 
KT&G Corp.   4,745,993    377,134,183 
Lotte Confectionery Co. Ltd.*   161,797    18,577,471 
Lotte Corp.   913,277    26,798,295 
Namyang Dairy Products Co. Ltd.*(a)   39,989    13,789,889 
NAVER Corp.   302,939    45,176,875 
Samsung Electronics Co. Ltd. (Preference)   3,010,804    117,694,678 
         1,010,221,452 
Sweden - 1.1%          
Investor AB, Class A   3,325,495    181,362,257 
Investor AB, Class B   3,394,798    185,882,213 
Svenska Handelsbanken AB, Class A   16,841,698    165,001,668 
         532,246,138 
Switzerland - 2.4%          
Cie Financiere Richemont SA (Registered)   4,561,324    331,256,007 
Nestle SA (Registered)   4,497,808    496,075,395 
Pargesa Holding SA(a)   4,327,670    346,684,998 
         1,174,016,400 
Taiwan - 0.6%          
Taiwan Semiconductor Manufacturing Co. Ltd., ADR   5,152,904    277,947,642 

 

SeeNotes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2020 (unaudited)

 

Investments   Shares     Value ($)  
Thailand - 0.5%
Bangkok Bank PCL, NVDR     50,457,600       231,493,424  
                 
United Kingdom - 6.7%
Berkeley Group Holdings plc     5,013,920       346,934,186  
British American Tobacco plc     18,990,473       837,383,552  
BT Group plc     24,363,427       51,771,030  
Diageo plc     3,750,155       148,292,830  
GlaxoSmithKline plc     14,471,132       339,773,879  
Linde plc     1,061,412       215,604,620  
Linde plc     1,043,455       212,529,080  
Lloyds Banking Group plc     588,687,159       439,475,826  
TechnipFMC plc     15,937,242       263,123,865  
Unilever NV        5,146,589       300,314,905  
WPP plc     12,115,527       150,639,084  
              3,305,842,857  
United States - 35.9%
3M Co.     2,250,860       357,121,448  
Alleghany Corp.*     418,350       333,701,061  
Alphabet, Inc., Class A*     134,718       193,021,256  
Alphabet, Inc., Class C*     163,012       233,796,701  
American Express Co.     2,970,047       385,720,004  
Analog Devices, Inc.     2,752,754       302,114,751  
Anthem, Inc.     1,441,013       382,271,929  
Bank of New York Mellon Corp. (The)     12,724,349       569,796,348  
Berkshire Hathaway, Inc., Class A*     865       290,636,549  
Booking Holdings, Inc.*     144,513       264,538,272  
Brown & Brown, Inc.     6,606,295       296,622,645  
CH Robinson Worldwide, Inc.     5,894,551       425,704,473  
Charles Schwab Corp. (The)     3,988,832       181,691,298  
Colgate-Palmolive Co.     8,044,177       593,499,379  
Comcast Corp., Class A     22,940,736       990,810,388  
ConocoPhillips     1,162,255       69,072,815  
Cummins, Inc.     1,271,224       203,357,703  
Deere & Co.     2,762,301       438,045,693  
DENTSPLY SIRONA, Inc.     4,419,926       247,515,856  
Expeditors International of Washington, Inc.     536,645       39,196,551  
Exxon Mobil Corp.     15,144,015       940,746,212  
Facebook, Inc., Class A*     1,528,101       308,538,873  
Flowserve Corp.(a)     8,382,216       391,281,843  
H&R Block, Inc.     3,586,106       83,197,659  
HCA Healthcare, Inc.     1,665,329       231,147,665  
IPG Photonics Corp.*     1,136,199       145,058,526  
JG Boswell Co.     2,485       1,493,485  
Kraft Heinz Co. (The)     3,569,007       104,215,004  
Microsoft Corp.     2,494,255       424,597,029  
Mills Music Trust(a)     31,592       1,105,720  
National Oilwell Varco, Inc.     16,637,869       342,906,480  
Newmont Corp.     9,675,395       435,973,299  
NOW, Inc.*     2,182,088       21,842,701  
Omnicom Group, Inc.     4,573,389       344,421,926  
Oracle Corp.     21,407,976       1,122,848,341  
Philip Morris International, Inc.     8,061,415       666,679,020  
Royal Gold, Inc.     1,260,596       145,371,931  
San Juan Basin Royalty Trust(a)     3,908,035       9,418,364  
Schlumberger Ltd.     20,292,342       679,996,380  
Scotts Miracle-Gro Co. (The)     1,126,328       138,245,499  
Teradata Corp.*(a)     10,721,521       260,961,821  
Texas Instruments, Inc.     2,493,377       300,825,935  
Tiffany & Co.     1,148,649       153,941,939  
Travelers Cos., Inc. (The)     2,211,808       291,118,169  
Truist Financial Corp.     8,242,132       425,046,747  
UGI Corp.     3,503,753       145,721,087  
Union Pacific Corp.     1,710,300       306,862,026  
Universal Health Services, Inc., Class B     2,116,279       290,163,014  
US Bancorp     7,819,459       416,151,608  
Varian Medical Systems, Inc.*     957,070       134,535,330  
Wells Fargo & Co.     6,423,768       301,531,670  
Weyerhaeuser Co., REIT     27,267,350       789,389,782  
Willis Towers Watson plc     1,496,237       316,139,916  
WR Berkley Corp.     4,588,904       337,422,111  
              17,807,132,232  
TOTAL COMMON STOCKS
(Cost $27,494,346,642)
            37,361,155,604  

 

      Ounces          
COMMODITIES - 9.9%                
                 
Gold bullion*                
(Cost $3,255,381,405)        3,082,705       4,891,019,025  

 

   Principal      
   Amount ($)      
FOREIGN GOVERNMENT SECURITIES - 1.4%          
Indonesia - 0.2%          
Indonesia Treasury Bond          
8.25%, 7/15/2021  IDR965,460,000,000    73,546,770 
           
Malaysia - 0.2%
Malaysia Government Bond          
3.66%, 10/15/2020  MYR54,021,000    13,258,858 
3.42%, 8/15/2022  MYR443,682,000    109,659,801 
         122,918,659 
Mexico - 0.1%
Mexico Government Bond          
Series M, 8.00%, 12/7/2023  MXN911,940,000    50,505,033 
           
Peru - 0.1%
Republic of Peru          
8.20%, 8/12/2026(b)  PEN183,392,000    69,547,167 
           
Poland - 0.3%
Republic of Poland          
2.50%, 4/25/2024  PLN469,059,000    124,576,051 
           
Singapore - 0.5%
Singapore Government Bond          
3.25%, 9/1/2020  SGD119,604,000    88,491,831 

  

SeeNotes to Consolidated Schedule of Investments. (Continued)

 

 

 

   

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2020 (unaudited)

  

Investments  Principal
Amount ($)
   Value ($) 
2.25%, 6/1/2021  SGD214,847,000    159,083,039 
         247,574,870 
Venezuela, Bolivarian Republic of - 0.0%          
Venezuela Government Bond (Oil Indexed Payment Obligation)          
Zero Coupon, 4/15/2020‡(c)(d)(e)   53,230     
           
TOTAL FOREIGN GOVERNMENT SECURITIES
(Cost $677,046,361)
        688,668,550 
           
CORPORATE BONDS - 0.0%(f)          
           
United States - 0.0%(f)          
Bausch & Lomb, Inc.          
7.13%, 8/1/2028‡
(Cost $4,982,422)
   5,467,000    5,658,345 
           
SHORT-TERM INVESTMENTS - 13.4%          
           
COMMERCIAL PAPER - 13.4%          
Air Liquide US LLC          
1.77%, 3/2/2020(g)   22,452,000    22,421,646 
Apple, Inc.          
1.63%, 2/4/2020(b)(g)   73,927,000    73,914,153 
1.63%, 2/5/2020(b)(g)   73,927,000    73,910,962 
1.68%, 2/6/2020(b)(g)   20,113,000    20,107,767 
1.59%, 2/11/2020(b)(g)   23,693,000    23,681,743 
1.58%, 2/12/2020(b)(g)   56,460,000    56,430,754 
1.60%, 2/19/2020(b)(g)   34,288,000    34,259,950 
1.62%, 3/30/2020(b)(g)   33,465,000    33,380,209 
1.61%, 4/1/2020(b)(g)   18,486,000    18,437,449 
1.60%, 4/2/2020(b)(g)   66,568,000    66,390,415 
AutoZone, Inc.          
1.64%, 2/3/2020(b)(g)   1,499,000    1,498,791 
Avery Dennison Corp.          
1.68%, 2/3/2020(g)   2,399,000    2,398,660 
BASF SE          
1.62%, 3/6/2020(b)(g)   67,801,000    67,697,048 
1.68%, 3/16/2020(g)   20,882,000    20,840,497 
1.68%, 3/19/2020(g)   78,655,000    78,486,993 
1.69%, 3/23/2020(b)(g)   104,664,000    104,419,389 
1.69%, 3/24/2020(g)   66,452,000    66,293,316 
1.69%, 3/25/2020(b)(g)   40,868,000    40,768,323 
BNG Bank NV          
1.57%, 2/3/2020(b)(g)   30,472,000    30,467,950 
Boeing Co. (The)          
2.03%, 2/18/2020(b)(g)   65,408,000    65,350,114 
2.03%, 2/20/2020(b)(g)   31,176,000    31,145,344 
BP Capital Markets plc          
1.76%, 2/3/2020(g)   55,788,000    55,779,748 
1.88%, 2/26/2020(g)   17,334,000    17,313,819 
CenterPoint Energy, Inc.          
1.67%, 2/3/2020(g)   2,699,000    2,698,629 
Chevron Corp.          
1.62%, 2/21/2020(b)(g)   63,255,000    63,198,176 
1.60%, 3/12/2020(b)(g)   68,507,000    68,390,903 
CME Group, Inc.          
1.57%, 2/11/2020(g)   670,000    669,676 
Coca-Cola Co. (The)          
1.66%, 2/20/2020(b)(g)   64,902,000    64,846,472 
1.64%, 2/21/2020(b)(g)   60,123,000    60,068,990 
1.68%, 3/3/2020(b)(g)   75,280,000    75,176,950 
Emerson Electric Co.          
1.54%, 2/25/2020(g)   8,300,000    8,290,951 
Engie SA          
1.94%, 2/3/2020(b)(g)   44,789,000    44,783,289 
1.70%, 3/5/2020(g)   71,983,000    71,874,226 
1.68%, 4/9/2020(g)   34,048,000    33,939,410 
Erste Abwicklungsanstalt          
1.83%, 2/10/2020(b)(g)   17,334,000    17,326,450 
1.72%, 4/6/2020(b)(g)   89,442,000    89,173,406 
1.72%, 4/16/2020(b)(g)   83,377,000    83,089,210 
1.72%, 4/17/2020(b)(g)   77,064,000    76,794,666 
Export Development Corp.          
1.74%, 2/18/2020(g)   46,693,000    46,656,813 
Exxon Mobil Corp.          
1.70%, 2/4/2020(g)   36,526,000    36,519,097 
1.61%, 3/17/2020(g)   65,848,000    65,720,866 
1.61%, 4/1/2020(g)   112,485,000    112,195,288 
1.61%, 4/2/2020(g)   41,906,000    41,796,299 
General Electric Co.          
2.11%, 2/6/2020(g)   10,700,000    10,696,979 
Henkel of America, Inc.          
1.71%, 3/11/2020(b)(g)   42,860,000    42,785,376 
Hitachi International Treasury Ltd.          
1.71%, 2/3/2020(g)   5,998,000    5,997,155 
Hydro-Quebec          
1.62%, 3/5/2020(b)(g)   45,761,000    45,693,795 
Kreditanstalt fuer Wiederaufbau          
1.71%, 2/6/2020(b)(g)   45,279,000    45,267,152 
1.73%, 2/7/2020(b)(g)   77,113,000    77,089,459 
1.73%, 2/11/2020(b)(g)   80,365,000    80,326,447 
1.73%, 2/13/2020(b)(g)   29,223,000    29,206,432 
1.74%, 2/20/2020(b)(g)   31,898,000    31,870,178 
1.73%, 2/21/2020(g)   52,184,000    52,136,208 
1.56%, 3/9/2020(g)   125,000,000    124,788,758 
1.65%, 4/29/2020(g)   17,934,000    17,860,445 
LVMH Moet Hennessy Louis Vuitton, Inc.          
1.74%, 2/7/2020(b)(g)   19,652,000    19,645,924 
1.72%, 2/14/2020(b)(g)   17,600,000    17,589,179 
1.72%, 2/25/2020(g)   38,098,000    38,056,436 
1.56%, 3/2/2020(b)(g)   11,172,000    11,157,002 
1.68%, 3/4/2020(b)(g)   27,099,000    27,060,298 
1.66%, 4/14/2020(g)   33,284,000    33,178,022 

 

SeeNotes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2020 (unaudited)

 

Investments   Principal
Amount ($)
    Value ($)  
Merck & Co., Inc.                
1.55%, 3/12/2020(g)     49,412,000       49,327,700  
1.54%, 3/13/2020(b)(g)     41,006,000       40,934,431  
MetLife Short Term Funding LLC                
1.80%, 2/3/2020(b)(g)     32,924,000       32,919,281  
1.76%, 2/5/2020(b)(g)     88,499,000       88,478,104  
1.69%, 2/10/2020(b)(g)     70,154,000       70,121,846  
1.71%, 2/12/2020(b)(g)     35,031,000       35,011,967  
1.80%, 2/13/2020(b)(g)     32,924,000       32,904,739  
1.71%, 2/14/2020(b)(g)     33,359,000       33,338,114  
1.79%, 3/2/2020(b)(g)     108,705,000       108,564,496  
1.73%, 3/13/2020(b)(g)     55,947,000       55,848,571  
Molson Coors Beverage Co.                
1.85%, 2/3/2020(g)     1,499,000       1,498,770  
Nederlandse Waterschapsbank NV                
1.71%, 4/8/2020(b)(g)     29,578,000       29,486,765  
1.71%, 4/9/2020(b)(g)     83,377,000       83,115,718  
1.71%, 4/14/2020(b)(g)     39,328,000       39,195,178  
Nestle Capital Corp.                
1.64%, 2/11/2020(b)(g)     44,433,000       44,412,228  
1.62%, 2/12/2020(b)(g)        40,631,000       40,610,413  
1.62%, 2/14/2020(b)(g)     47,173,000       47,145,483  
1.72%, 2/27/2020(b)(g)     50,000,000       49,944,125  
1.72%, 2/28/2020(b)(g)     50,000,000       49,942,055  
1.62%, 3/6/2020(b)(g)     33,873,000       33,823,701  
Nestle Finance International Ltd.                
1.71%, 2/20/2020(g)     55,185,000       55,139,319  
1.61%, 4/15/2020(g)     81,736,000       81,478,872  
Novartis Finance Corp.                
1.53%, 2/27/2020(b)(g)     17,092,000       17,072,130  
1.58%, 3/17/2020(g)     41,906,000       41,823,003  
NRW Bank                
1.80%, 2/7/2020(b)(g)     77,384,000       77,360,376  
1.81%, 2/10/2020(b)(g)     80,365,000       80,329,952  
1.57%, 3/3/2020(b)(g)     91,342,000       91,212,011  
1.64%, 4/8/2020(b)(g)     66,931,000       66,726,444  
Oesterreichische Kontrollbank AG                
1.73%, 2/6/2020(g)     54,299,000       54,285,199  
1.73%, 2/18/2020(g)     113,366,000       113,277,348  
1.76%, 3/4/2020(g)     64,893,000       64,799,013  
Pfizer, Inc.                
1.69%, 2/4/2020(b)(g)     80,453,000       80,439,019  
Philip Morris International, Inc.                
1.55%, 2/6/2020(b)(g)     35,000,000       34,990,964  
1.64%, 3/2/2020(b)(g)     42,017,000       41,960,883  
1.58%, 3/4/2020(g)     66,701,000       66,606,107  
1.56%, 3/10/2020(g)     39,529,000       39,462,367  
1.57%, 3/13/2020(g)     62,924,000       62,809,625  
1.57%, 3/17/2020(b)(g)     32,642,000       32,576,934  
1.56%, 3/20/2020(b)(g)     82,012,000       81,837,861  
Province of Quebec Canada                
1.62%, 2/10/2020(b)(g)     37,118,000       37,101,441  
1.68%, 2/12/2020(g)     25,105,000       25,091,577  
1.69%, 2/19/2020(b)(g)     63,253,000       63,199,587  
1.65%, 2/24/2020(b)(g)     18,763,000       18,742,861  
1.63%, 3/9/2020(b)(g)     38,532,000       38,465,907  
1.63%, 3/10/2020(g)     50,071,000       49,982,909  
1.63%, 3/12/2020(b)(g)     37,770,000       37,700,185  
1.63%, 3/17/2020(g)     21,036,000       20,992,482  
1.61%, 3/20/2020(b)(g)     12,958,000       12,929,481  
PSP Capital, Inc.                
1.70%, 2/5/2020(b)(g)     34,051,000       34,043,755  
1.71%, 2/11/2020(b)(g)     39,109,000       39,090,776  
1.71%, 2/12/2020(b)(g)     42,860,000       42,838,227  
1.76%, 2/13/2020(b)(g)     88,866,000       88,817,158  
1.74%, 2/19/2020(b)(g)     87,211,000       87,141,728  
1.77%, 3/3/2020(b)(g)     26,301,000       26,264,459  
1.73%, 3/5/2020(b)(g)     22,836,000       22,802,247  
1.78%, 3/11/2020(b)(g)     14,992,000       14,965,797  
1.66%, 4/16/2020(b)(g)     24,377,000       24,294,300  
QUALCOMM, Inc.                
1.82%, 2/13/2020(g)     46,818,000       46,791,288  
Sanofi                
1.63%, 3/16/2020(b)(g)     82,090,000       81,924,794  
1.60%, 3/18/2020(b)(g)     92,431,000       92,236,836  
1.60%, 3/23/2020(b)(g)     49,680,000       49,564,825  
1.70%, 3/31/2020(b)(g)     36,918,000       36,819,552  
Siemens Capital Co. LLC                
1.58%, 2/4/2020(g)     17,355,000       17,351,963  
1.81%, 3/26/2020(b)(g)     83,281,000       83,085,440  
Total Capital Canada Ltd.                
1.79%, 2/3/2020(b)(g)     44,789,000       44,783,252  
1.67%, 3/11/2020(g)     89,442,000       89,286,967  
1.69%, 4/7/2020(b)(g)     59,733,000       59,556,018  
Unilever Capital Corp.                
1.72%, 2/3/2020(b)(g)     32,924,000       32,919,747  
1.73%, 2/14/2020(b)(g)     49,385,000       49,355,232  
UnitedHealth Group, Inc.                
1.71%, 3/6/2020(g)     38,840,000       38,775,693  
1.70%, 3/16/2020(g)     60,387,000       60,260,942  
Walt Disney Co. (The)                
1.61%, 3/27/2020(b)(g)     26,805,000       26,740,078  
1.63%, 4/17/2020(b)(g)     36,973,000       36,847,023  
1.62%, 4/21/2020(b)(g)     82,353,000       82,056,900  
1.62%, 4/22/2020(b)(g)     38,532,000       38,391,660  
1.62%, 4/23/2020(b)(g)     70,800,000       70,538,664  
TOTAL COMMERCIAL PAPER
(Cost $6,651,403,068)
            6,651,572,915  
U.S. TREASURY OBLIGATIONS - 0.0%(f)                
U.S. Treasury Bills                
1.49%, 3/3/2020 (g)(h)
(Cost $14,980,754)
    15,000,000       14,981,467  
                 
      Shares          
INVESTMENT COMPANIES - 0.0%(f)                
JP Morgan U.S. Government Money Market Fund, Agency Shares 1.41% (i)
(Cost $424,373)
       424,373       424,373  
TOTAL SHORT-TERM INVESTMENTS
(Cost $6,666,808,195)
            6,666,978,755  
Total Investments - 100.0%
(Cost $38,098,565,025)
            49,613,480,279    
Other Assets Less Liabilities - 0.0%(f)             11,484,877    
Net Assets - 100.0%             49,624,965,156    

 

SeeNotes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2020 (unaudited)

 

* Non-income producing security.
Value determined using significant unobservable inputs.
(a) Affiliated company as defined under the Investment Company Act of 1940.
(b) Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Under procedures approved by the Board of Trustees, such securities have been determined to be liquid by the investment adviser and may be resold, normally to qualified institutional buyers in transactions exempt from registration.
(c) Security fair valued as of January 31, 2020 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2020 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(d) Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2020.
(e) Defaulted security.
(f) Represents less than 0.05% of net assets.
(g) The rate shown was the current yield as of January 31, 2020.
(h) All or a portion of the security pledged as collateral.
(i) Represents 7-day effective yield as of January 31, 2020.

  

SeeNotes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

 

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2020
Currency Purchased  Currency Sold  Counterparty  Settlement Date  Unrealized
Appreciation
(Depreciation)
 
EUR   167,690,000  USD   185,507,063  Goldman Sachs  2/12/2020  $559,284 
JPY   27,367,220,000  USD   250,436,684  Goldman Sachs  2/12/2020   2,252,056 
USD   257,005,400  JPY   27,367,220,000  Goldman Sachs  2/12/2020   4,316,659 
EUR   3,145,000  USD   3,482,411  JPMorgan Chase Bank  3/11/2020   13,168 
JPY   7,484,645,000  USD   68,584,858  JPMorgan Chase Bank  3/11/2020   621,695 
USD   176,409,881  EUR   158,118,000  JPMorgan Chase Bank  3/11/2020   666,150 
USD   157,494,051  EUR   140,712,000  UBS AG  4/15/2020   745,197 
USD   238,363,179  JPY   25,666,232,000  UBS AG  4/15/2020   549,755 
USD   220,761,050  EUR   197,116,000  HSBC Bank plc  5/13/2020   829,068 
Total unrealized appreciation                10,553,032 
USD   185,544,793  EUR   167,690,000  Goldman Sachs  2/12/2020   (521,554)
USD   112,789,597  GBP   89,559,000  Goldman Sachs  2/12/2020   (5,497,594)
USD   57,750,438  GBP   44,921,000  JPMorgan Chase Bank  3/11/2020   (1,624,074)
USD   368,986,442  JPY   39,993,149,000  JPMorgan Chase Bank  3/11/2020   (809,050)
USD   137,005,900  GBP   103,622,000  UBS AG  4/15/2020   (91,119)
USD   79,314,309  GBP   60,389,000  HSBC Bank plc  5/13/2020   (639,762)
USD   354,697,932  JPY   38,311,101,000  HSBC Bank plc  5/13/2020   (804,719)
Total unrealized depreciation                (9,987,872)
Net unrealized appreciation               $565,160 

 

Abbreviations

 

ADR American Depositary Receipt
EUR Euro
GBP British Pound
IDR Indonesian Rupiah
JPY Japanese Yen
MXN Mexican Peso
MYR Malaysia Ringgit
NVDR Non-Voting Depositary Receipt
Preference A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.
PEN Peruvian Sol
PLN Poland New Zloty
REIT Real Estate Investment Trust
SGD Singapore Dollar
USD United States Dollar

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Affiliated Securities

 

Security Description  Shares at
January 31,
2020
   Market Value
October 31,
2019
   Purchases at
Cost
   Proceeds
from Sales
   Net Realized
Gain (Loss)
   Change
in  Unrealized
Appreciation/
(Depreciation)
   Market Value
January 31,
2020
  

Dividend/

Interest
Income

   Capital Gain
Distributions
 
Chofu Seisakusho Co. Ltd.   3,346,500   $77,469,035   $          –   $   $   $(6,444,035)  $71,025,000   $440,349   $           – 
Flowserve Corp.   8,382,216    409,387,429                (18,105,586)   391,281,843    1,592,621     
Hirose Electric Co. Ltd.   2,202,315    306,650,778        (29,878,701)   4,421,074    (8,041,587)   273,151,564         
Mills Music Trust   31,592    897,213                208,507    1,105,720    31,358     
Namyang Dairy Products Co. Ltd.*   39,989    16,171,580                (2,381,691)   13,789,889         
Pargesa Holding SA   4,327,670    342,096,567                4,588,431    346,684,998         
Saint Jean Groupe SA   261,940    6,719,259                107,598    6,826,857         
San Juan Basin Royalty Trust   3,908,035    10,278,132                (859,768)   9,418,364    123,756     
T Hasegawa Co. Ltd.   3,002,800    55,962,414                5,634,859    61,597,273         
Teradata Corp.*   10,721,521    320,895,124                (59,933,303)   260,961,821         
Total       $1,546,527,531   $   $(29,878,701)  $4,421,074   $(85,226,575)  $1,435,843,329   $2,188,084   $ 

 

* Non-income producing security.

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Industry Diversification for Portfolio Holdings  Percent of Net
Assets
 
Air Freight & Logistics   1.0%
Auto Components   0.4 
Automobiles   0.4 
Banks   3.9 
Beverages   0.3 
Building Products   0.7 
Capital Markets   1.5 
Chemicals   2.3 
Commercial Services & Supplies   1.2 
Commodities   9.9 
Construction Materials   0.8 
Consumer Finance   0.8 
Diversified Consumer Services   0.2 
Diversified Financial Services   3.0 
Diversified Telecommunication Services   0.1 
Electrical Equipment   0.8 
Electronic Equipment, Instruments & Components   1.4 
Energy Equipment & Services   2.6 
Entertainment   0.0*
Equity Real Estate Investment Trusts (REITs)   1.6 
Food Products   3.0 
Foreign Government Securities   1.4 
Gas Utilities   0.3 
Health Care Equipment & Supplies   1.2 
Health Care Providers & Services   1.9 
Hotels, Restaurants & Leisure   0.7 
Household Durables   0.8 
Household Products   1.4 
Industrial Conglomerates   2.1 
Insurance   5.4 
Interactive Media & Services   1.6 
Internet & Direct Marketing Retail   0.5 
IT Services   0.2 
Leisure Products   0.5 
Machinery   4.9 
Media   3.0 
Metals & Mining   4.5 
Oil, Gas & Consumable Fuels   2.7 
Personal Products   0.6 
Pharmaceuticals   1.6 
Real Estate Management & Development   2.2 
Road & Rail   0.6 
Semiconductors & Semiconductor Equipment   1.8 
Software   3.6 
Specialty Retail   0.4 
Technology Hardware, Storage & Peripherals   0.2 
Textiles, Apparel & Luxury Goods   0.9 
Tobacco   3.8 
Trading Companies & Distributors   0.3 
Wireless Telecommunication Services   1.6 
Short-Term Investments   13.4 
Total Investments   100.0%

 

* Less than 0.05%

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Investments  Shares   Value ($) 
COMMON STOCKS - 73.9%                
           
Australia - 0.4%                   
Newcrest Mining Ltd.   2,568,558    51,422,626 
           
Belgium - 0.8%                
Groupe Bruxelles Lambert SA   907,727    91,220,900 
Legris Industries SE*‡(a)(b)(c)   905,366    18,033,567 
         109,254,467 
Brazil - 0.4%                
Cielo SA   31,230,830    51,557,925 
           
Canada - 6.5%                
Agnico Eagle Mines Ltd.   1,063,638    65,743,984 
Barrick Gold Corp.   6,972,023    129,121,866 
Cenovus Energy, Inc.   6,627,505    57,725,568 
Franco-Nevada Corp.   472,679    53,729,108 
Imperial Oil Ltd.   6,877,585    163,078,901 
Nutrien Ltd.   4,815,975    205,593,973 
Power Corp. of Canada   4,725,503    117,905,478 
Wheaton Precious Metals Corp.   3,269,997    96,301,412 
         889,200,290 
Chile - 0.9%                
Cia Cervecerias Unidas SA, ADR   6,840,588    121,899,278 
           
Denmark - 0.4%                
ISS A/S   2,267,957    55,100,931 
           
France - 7.9%                
Cie de Saint-Gobain   4,196,973    158,344,939 
Danone SA   4,115,540    329,343,917 
Laurent-Perrier(c)   558,938    50,804,045 
Legrand SA   691,232    55,306,668 
Rexel SA   7,346,731    87,882,381 
Saint Jean Groupe SA   51,740    1,348,483 
Sanofi   1,849,956    178,406,846 
Sodexo SA   1,354,608    141,834,042 
Wendel SA   493,657    65,861,463 
         1,069,132,784 
Germany - 1.9%                
FUCHS PETROLUB SE (Preference)   1,053,186    46,675,805 
HeidelbergCement AG   1,871,185    126,195,005 
Henkel AG & Co. KGaA (Preference)   434,441    44,183,751 
Hornbach Holding AG & Co. KGaA   147,330    9,313,591 
Telefonica Deutschland Holding AG   8,913,704    27,017,737 
         253,385,889 
Hong Kong - 4.8%                
CK Asset Holdings Ltd.   13,955,500    89,161,040 
Great Eagle Holdings Ltd.   22,777,700    69,448,555 
Guoco Group Ltd.   7,806,340    132,118,152 
Hang Lung Properties Ltd.   19,567,441    40,874,967 
Hongkong Land Holdings Ltd.   9,272,700    49,219,093 
Hysan Development Co. Ltd.   17,500,405    65,328,553 
Jardine Matheson Holdings Ltd.   3,666,900    204,400,200 
Jardine Strategic Holdings Ltd.   233,600    7,148,220 
         657,698,780 
Ireland - 0.4%                
CRH plc   1,586,739    59,749,886 
           
Japan - 20.4%                
As One Corp.   744,340    67,452,926 
Chofu Seisakusho Co. Ltd.(c)   1,835,700    38,960,284 
Daiichikosho Co. Ltd.   2,242,080    108,914,500 
FANUC Corp.   1,866,540    339,952,938 
Hirose Electric Co. Ltd.   919,830    114,085,861 
Hoshizaki Corp.   836,200    76,923,678 
Hoya Corp.   558,630    53,463,916 
Kansai Paint Co. Ltd.   3,559,930    85,217,303 
KDDI Corp.   8,255,900    249,485,704 
Keyence Corp.   286,700    96,376,223 
Komatsu Ltd.   3,227,300    71,358,941 
Maezawa Kasei Industries Co. Ltd.(c)   837,200    8,867,774 
Mitsubishi Electric Corp.   7,375,000    102,255,501 
Mitsubishi Estate Co. Ltd.   14,367,050    281,371,075 
MS&AD Insurance Group Holdings, Inc.   3,144,900    104,450,593 
Nagaileben Co. Ltd.   1,687,224    36,257,718 
Nissin Foods Holdings Co. Ltd.   644,830    48,400,080 
NTT DOCOMO, Inc.   3,027,700    86,024,233 
Olympus Corp.   675,672    10,917,001 
Secom Co. Ltd.   2,640,700    231,728,447 
Shimano, Inc.   710,470    108,934,560 
SK Kaken Co. Ltd.   87,561    38,222,835 
SMC Corp.   268,090    115,726,245 
Sompo Holdings, Inc.   6,825,700    255,034,298 
T Hasegawa Co. Ltd.   1,906,436    39,107,253 
         2,769,489,887 
Mexico - 0.6%                
Fresnillo plc   5,813,900    50,785,103 
Industrias Penoles SAB de CV   2,246,692    23,467,471 
         74,252,574 
Netherlands - 0.7%                
HAL Trust   595,098    95,062,016 
           
Norway - 0.9%                
Orkla ASA   13,188,419    127,318,239 
           
Singapore - 1.6%                
ComfortDelGro Corp. Ltd.   20,481,815    32,398,926 
Haw Par Corp. Ltd.(c)   20,875,313    186,938,535 
UOL Group Ltd.   26,200    152,198 
         219,489,659 

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Investments  Shares   Value ($) 
South Korea - 4.0%                
Fursys, Inc.*(c)   872,463    20,899,290 
Hyundai Mobis Co. Ltd.   461,565    88,262,136 
Kia Motors Corp.   2,863,889    97,408,977 
KT&G Corp.   2,157,369    171,432,532 
Lotte Confectionery Co. Ltd.*   104,605    12,010,707 
Lotte Corp.   621,610    18,239,908 
Namyang Dairy Products Co. Ltd.*   22,950    7,914,125 
Namyang Dairy Products Co. Ltd. (Preference)*(c)   27,183    2,999,173 
NAVER Corp.   125,632    18,735,326 
NongShim Co. Ltd.   203,663    39,175,565 
Samsung Electronics Co. Ltd. (Preference)   1,663,696    65,035,175 
         542,112,914 
Sweden - 2.4%                
Industrivarden AB, Class C   1,572,517    37,066,737 
Investor AB, Class A   1,645,125    89,720,052 
Investor AB, Class B   2,096,088    114,771,328 
Svenska Handelsbanken AB, Class A   8,041,032    78,779,687 
            320,337,804 
Switzerland - 4.3%                
Cie Financiere Richemont SA (Registered)   1,876,623    136,285,570 
Nestle SA (Registered)   2,338,404    257,908,894 
Pargesa Holding SA   2,413,791    193,366,206 
         587,560,670 
Taiwan - 1.0%                
Taiwan Secom Co. Ltd.   8,545,694    25,120,250 
Taiwan Semiconductor Manufacturing Co. Ltd., ADR   2,137,976    115,322,425 
         140,442,675 
Thailand - 0.9%                
Bangkok Bank PCL, NVDR   20,413,559    93,654,963 
Thai Beverage PCL   52,214,985    30,306,885 
         123,961,848 
Turkey - 0.2%                
AG Anadolu Grubu Holding A/S   7,603,583    25,406,879 
           
United Kingdom - 10.0%                
Berkeley Group Holdings plc   1,795,849    124,262,336 
British American Tobacco plc   7,146,922    315,143,015 
BT Group plc   11,608,113    24,666,644 
Diageo plc   1,558,209    61,616,446 
GlaxoSmithKline plc   6,143,809    144,253,111 
Hiscox Ltd.   2,662,703    46,067,061 
Linde plc   580,089    118,151,508 
Lloyds Banking Group plc   260,375,845    194,379,795 
TechnipFMC plc   8,787,472    145,081,163 
Unilever NV   2,108,554    123,038,812 
WPP plc   5,076,546    63,119,519 
         1,359,779,410 
United States - 2.5%                
Newmont Corp.   3,390,003    152,753,535 
Royal Gold, Inc.   499,959    57,655,272 
Willis Towers Watson plc   605,195    127,871,652 
         338,280,459 
TOTAL COMMON STOCKS
(Cost $7,550,493,454)
        10,041,897,890 
           
   Ounces     
COMMODITIES - 9.9%          
Gold bullion*                              
(Cost $806,520,370)   848,708    1,346,560,870 

 

    Principal
Amount ($)
     
FOREIGN GOVERNMENT SECURITIES - 2.2%                
            
Indonesia - 0.2%                
Indonesia Treasury Bond           
8.25%, 7/15/2021   IDR436,483,000,000    33,250,383 
            
Malaysia - 0.4%            
Malaysia Government Bond           
3.66%, 10/15/2020   MYR25,956,000    6,370,614 
3.42%, 8/15/2022   MYR181,499,000    44,859,030 
          51,229,644 
Mexico - 0.2%                
Mexico Government Bond           
Series M, 8.00%, 12/7/2023   MXN377,210,000    20,890,633 
            
Peru - 0.2%                
Republic of Peru           
8.20%, 8/12/2026(d)   PEN75,793,000    28,742,739 
            
Poland - 0.4%                
Republic of Poland           
2.50%, 4/25/2024   PLN195,005,000    51,790,825 
            
Singapore - 0.8%                
Singapore Government Bond           
3.25%, 9/1/2020   SGD53,521,000    39,598,770 
2.25%, 6/1/2021   SGD85,183,000    63,073,585 
          102,672,355 
TOTAL FOREIGN GOVERNMENT SECURITIES
(Cost $283,134,757)
        288,576,579 

 

         
SHORT-TERM INVESTMENTS - 13.6%                   
           
COMMERCIAL PAPER - 13.5%                                     
Air Liquide US LLC          
1.77%, 3/2/2020(e)   10,229,000    10,215,171 

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Investments  Principal
Amount ($)
   Value ($) 
Apple, Inc.          
1.63%, 2/4/2020(d)(e)   26,073,000    26,068,469 
1.63%, 2/5/2020(d)(e)   26,073,000    26,067,344 
1.68%, 2/6/2020(d)(e)   4,887,000    4,885,728 
1.59%, 2/11/2020(d)(e)   11,307,000    11,301,628 
1.58%, 2/12/2020(d)(e)   18,540,000    18,530,396 
1.60%, 2/19/2020(d)(e)   5,712,000    5,707,327 
1.62%, 3/30/2020(d)(e)   16,535,000    16,493,105 
1.61%, 4/1/2020(d)(e)   6,514,000    6,496,892 
1.60%, 4/2/2020(d)(e)   33,432,000    33,342,813 
AutoZone, Inc.          
1.64%, 2/3/2020(d)(e)      5,318,000    5,317,258 
Avery Dennison Corp.          
1.68%, 2/3/2020(e)   8,508,000    8,506,795 
BASF SE          
1.62%, 3/6/2020(d)(e)   18,399,000    18,370,791 
1.68%, 3/16/2020(e)   10,318,000    10,297,493 
1.68%, 3/19/2020(e)   21,345,000    21,299,407 
1.69%, 3/23/2020(d)(e)   42,992,000    42,891,523 
1.69%, 3/24/2020(e)   23,548,000    23,491,769 
1.69%, 3/25/2020(d)(e)   9,132,000    9,109,727 
BNG Bank NV          
1.57%, 2/3/2020(d)(e)   19,528,000    19,525,404 
Boeing Co. (The)          
2.03%, 2/18/2020(d)(e)   9,592,000    9,583,511 
2.03%, 2/20/2020(d)(e)   6,774,000    6,767,339 
BP Capital Markets plc          
1.76%, 2/3/2020(e)   9,862,000    9,860,541 
CenterPoint Energy, Inc.          
1.67%, 2/3/2020(e)   9,571,000    9,569,684 
Chevron Corp.          
1.62%, 2/21/2020(d)(e)   13,745,000    13,732,652 
1.61%, 3/12/2020(d)(e)   6,493,000    6,481,997 
CME Group, Inc.          
1.57%, 2/11/2020(e)   1,130,000    1,129,453 
Coca-Cola Co. (The)          
1.66%, 2/20/2020(d)(e)   10,098,000    10,089,361 
1.64%, 2/21/2020(d)(e)   14,877,000    14,863,635 
1.68%, 3/3/2020(d)(e)   24,720,000    24,686,161 
Engie SA          
1.94%, 2/3/2020(d)(e)   5,211,000    5,210,335 
1.70%, 3/5/2020(e)   33,962,000    33,910,680 
1.68%, 4/9/2020(e)   15,952,000    15,901,124 
Erste Abwicklungsanstalt          
1.72%, 4/6/2020(d)(e)   10,558,000    10,526,294 
1.72%, 4/16/2020(d)(e)   16,623,000    16,565,623 
1.72%, 4/17/2020(d)(e)   22,936,000    22,855,840 
Export Development Corp.          
1.74%, 2/18/2020(e)   5,432,000    5,427,790 
Exxon Mobil Corp.          
1.70%, 2/4/2020(e)   8,874,000    8,872,323 
1.61%, 3/17/2020(e)   9,152,000    9,134,330 
1.61%, 4/1/2020(e)   23,865,000    23,803,534 
1.61%, 4/2/2020(e)   8,094,000    8,072,812 
Henkel of America, Inc.          
1.71%, 3/11/2020(d)(e)   7,140,000    7,127,568 
Hitachi International Treasury Ltd.          
1.71%, 2/3/2020(e)   21,270,000    21,267,004 
Hydro-Quebec          
1.62%, 3/5/2020(d)(e)   8,839,000    8,826,019 
Kreditanstalt fuer Wiederaufbau          
1.71%, 2/6/2020(d)(e)   32,821,000    32,812,412 
1.73%, 2/7/2020(d)(e)   22,537,000    22,530,120 
1.73%, 2/11/2020(d)(e)   19,635,000    19,625,581 
1.73%, 2/13/2020(d)(e)   14,577,000    14,568,736 
1.74%, 2/20/2020(d)(e)   3,002,000    2,999,381 
1.65%, 4/29/2020(e)   8,766,000    8,730,047 
LVMH Moet Hennessy Louis Vuitton, Inc.          
1.74%, 2/7/2020(d)(e)   11,798,000    11,794,353 
1.72%, 2/25/2020(e)   11,902,000    11,889,015 
1.56%, 3/2/2020(d)(e)   18,828,000    18,802,724 
1.68%, 3/4/2020(d)(e)   11,964,000    11,946,913 
1.66%, 4/14/2020(e)   16,716,000    16,662,775 
Merck & Co., Inc.          
1.55%, 3/12/2020(e)   16,935,000    16,906,108 
1.54%, 3/13/2020(d)(e)   8,994,000    8,978,302 
MetLife Short Term Funding LLC          
1.80%, 2/3/2020(d)(e)   7,930,000    7,928,863 
1.76%, 2/5/2020(d)(e)   21,501,000    21,495,924 
1.69%, 2/10/2020(d)(e)   23,323,000    23,312,310 
1.71%, 2/12/2020(d)(e)   5,108,000    5,105,225 
1.80%, 2/13/2020(d)(e)   7,930,000    7,925,361 
1.71%, 2/14/2020(d)(e)   16,641,000    16,630,581 
1.79%, 3/2/2020(d)(e)   10,295,000    10,281,693 
1.73%, 3/13/2020(d)(e)   5,303,000    5,293,670 
Molson Coors Beverage Co.          
1.85%, 2/3/2020(e)   5,318,000    5,317,185 
Nederlandse Waterschapsbank NV          
1.71%, 4/8/2020(d)(e)   10,422,000    10,389,853 
1.71%, 4/9/2020(d)(e)   16,623,000    16,570,907 
1.71%, 4/14/2020(d)(e)   10,672,000    10,635,958 
Nestle Capital Corp.          
1.64%, 2/11/2020(d)(e)   5,567,000    5,564,398 
1.62%, 2/12/2020(d)(e)   6,769,000    6,765,570 
1.62%, 2/14/2020(d)(e)   11,927,000    11,920,043 
1.62%, 3/6/2020(d)(e)   14,955,000    14,933,234 
Nestle Finance International Ltd.          
1.71%, 2/20/2020(e)   44,815,000    44,777,903 
1.61%, 4/15/2020(e)   18,264,000    18,206,545 
Novartis Finance Corp.          
1.53%, 2/27/2020(d)(e)   8,008,000    7,998,691 
1.58%, 3/17/2020(e)   8,094,000    8,077,969 
NRW Bank          
1.80%, 2/7/2020(d)(e)   22,616,000    22,609,096 
1.81%, 2/10/2020(d)(e)   19,635,000    19,626,437 
1.57%, 3/3/2020(d)(e)   8,658,000    8,645,678 
1.64%, 4/8/2020(d)(e)   33,069,000    32,967,934 
Oesterreichische Kontrollbank AG          
1.73%, 2/6/2020(e)   19,151,000    19,146,133 

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Investments  Principal
Amount ($)
   Value ($) 
1.73%, 2/18/2020(e)   24,634,000    24,614,736 
1.76%, 3/4/2020(e)   6,107,000    6,098,155 
Pfizer, Inc.          
1.69%, 2/4/2020(d)(e)   19,547,000    19,543,603 
Philip Morris International, Inc.          
1.64%, 3/2/2020(d)(e)   3,983,000    3,977,680 
1.58%, 3/4/2020(e)   13,299,000    13,280,080 
1.56%, 3/10/2020(e)   13,548,000    13,525,163 
1.57%, 3/13/2020(e)   17,076,000    17,044,961 
1.57%, 3/17/2020(d)(e)   8,858,000    8,840,343 
1.56%, 3/20/2020(d)(e)   17,988,000    17,949,806 
Province of Quebec Canada          
1.62%, 2/10/2020(d)(e)   4,382,000    4,380,045 
1.68%, 2/12/2020(e)   3,145,000    3,143,319 
1.69%, 2/19/2020(d)(e)      22,515,000    22,495,987 
1.65%, 2/24/2020(d)(e)   15,237,000    15,220,646 
1.63%, 3/9/2020(d)(e)   11,468,000    11,448,329 
1.63%, 3/10/2020(e)   17,161,000    17,130,808 
1.63%, 3/12/2020(d)(e)   7,530,000    7,516,081 
1.63%, 3/17/2020(e)   10,564,000    10,542,146 
1.61%, 3/20/2020(d)(e)   2,842,000    2,835,745 
PSP Capital, Inc.          
1.70%, 2/5/2020(d)(e)   16,249,000    16,245,542 
1.71%, 2/11/2020(d)(e)   11,291,000    11,285,739 
1.71%, 2/12/2020(d)(e)   7,140,000    7,136,373 
1.76%, 2/13/2020(d)(e)   11,134,000    11,127,881 
1.74%, 2/19/2020(d)(e)   12,789,000    12,778,842 
1.77%, 3/3/2020(d)(e)   23,699,000    23,666,074 
1.73%, 3/5/2020(d)(e)   2,164,000    2,160,801 
1.78%, 3/11/2020(d)(e)   13,508,000    13,484,391 
1.66%, 4/16/2020(d)(e)   15,623,000    15,569,998 
QUALCOMM, Inc.          
1.82%, 2/13/2020(e)   8,536,000    8,531,130 
Sanofi          
1.63%, 3/16/2020(d)(e)   40,560,000    40,478,373 
1.60%, 3/18/2020(d)(e)   32,569,000    32,500,584 
1.60%, 3/23/2020(d)(e)   25,896,000    25,835,964 
1.70%, 3/31/2020(d)(e)   13,082,000    13,047,115 
Siemens Capital Co. LLC          
1.58%, 2/4/2020(e)   1,645,000    1,644,712 
1.83%, 3/26/2020(d)(e)   38,219,000    38,129,255 
Total Capital Canada Ltd.          
1.79%, 2/3/2020(d)(e)   5,211,000    5,210,331 
1.67%, 3/11/2020(e)   10,558,000    10,539,699 
1.69%, 4/7/2020(d)(e)   21,167,000    21,104,285 
Unilever Capital Corp.          
1.72%, 2/3/2020(d)(e)   7,930,000    7,928,976 
1.73%, 2/14/2020(d)(e)   11,894,000    11,886,830 
UnitedHealth Group, Inc.          
1.71%, 3/6/2020(e)   11,560,000    11,540,860 
1.70%, 3/16/2020(e)   11,663,000    11,638,654 
Walt Disney Co. (The)          
1.61%, 3/27/2020(d)(e)   9,445,000    9,422,124 
1.63%, 4/17/2020(d)(e)   13,027,000    12,982,614 
1.62%, 4/21/2020(d)(e)   28,226,000    28,124,513 
1.62%, 4/22/2020(d)(e)   11,468,000    11,426,232 
1.62%, 4/23/2020(d)(e)   17,700,000    17,634,666 
TOTAL COMMERCIAL PAPER
(Cost $1,835,166,393)
        1,835,208,469 
U.S. TREASURY OBLIGATIONS - 0.1%          
U.S. Treasury Bills          
1.49%, 3/3/2020(e)(f)          
(Cost $14,980,754)   15,000,000    14,981,467 

 

   Shares     
INVESTMENT COMPANIES - 0.0%(g)          
JP Morgan U.S. Government Money Market Fund, Agency Shares 1.41% (h)
(Cost $183,859)
      183,859    183,859 
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,850,331,006)
        1,850,373,795 
           
Total Investments - 99.6%
(Cost $10,490,479,587)
        13,527,409,134 
Other Assets Less Liabilities - 0.4%        61,983,508 
Net Assets - 100.0%        13,589,392,642 

 

* Non-income producing security.
Value determined using significant unobservable inputs.
(a) Security fair valued as of January 31, 2020 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2020 amounted to $18,033,567, which represents approximately 0.13% of net assets of the Fund.
(b) Represents a security that is subject to legal or contractual restrictions on resale.
(c) Affiliated company as defined under the Investment Company Act of 1940.
(d) Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Under procedures approved by the Board of Trustees, such securities have been determined to be liquid by the investment adviser and may be resold, normally to qualified institutional buyers in transactions exempt from registration.
(e) The rate shown was the current yield as of January 31, 2020.
(f) All or a portion of the security pledged as collateral.
(g) Represents less than 0.05% of net assets.
(h) Represents 7-day effective yield as of January 31, 2020.

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Restricted Securities  Acquisition Date  Cost   Carrying Value
Per
Share/Principal
 
Legris Industries SE  04/30/04  $23,433,066   $19.92 

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2020

 

Currency Purchased  Currency Sold  Counterparty  Settlement
Date
  Unrealized
Appreciation
(Depreciation)
 
EUR 98,510,000   USD 108,976,688  Goldman Sachs  2/12/2020  $328,553 
JPY 13,840,556,000   USD 126,654,551  Goldman Sachs  2/12/2020   1,138,943 
USD 129,976,579   JPY 13,840,556,000  Goldman Sachs  2/12/2020   2,183,086 
JPY 3,061,929,000   USD 28,057,706  JPMorgan Chase Bank  3/11/2020   254,332 
USD 68,990,613   EUR 61,837,000  JPMorgan Chase Bank  3/11/2020   260,519 
USD 115,829,780   EUR 103,569,000  UBS AG  4/15/2020   457,089 
USD 177,723,859   JPY 19,136,772,000  UBS AG  4/15/2020   409,898 
USD 80,644,600   EUR 72,007,000  HSBC Bank plc  5/13/2020   302,861 
Total unrealized appreciation           5,335,281 
USD 108,998,852   EUR 98,510,000  Goldman Sachs  2/12/2020   (306,389)
USD 45,456,003   GBP 36,168,000  Goldman Sachs  2/12/2020   (2,313,749)
USD 26,788,047   GBP 20,837,000  JPMorgan Chase Bank  3/11/2020   (753,341)
USD 182,309,670   JPY 19,759,907,000  JPMorgan Chase Bank  3/11/2020   (399,738)
USD 54,599,010   GBP 41,295,000  UBS AG  4/15/2020   (36,312)
USD 9,892,526   EUR 8,902,000  HSBC Bank plc  5/13/2020   (39,872)
USD 33,966,892   GBP 25,862,000  HSBC Bank plc  5/13/2020   (273,982)
USD 106,599,673   JPY 11,513,884,000  HSBC Bank plc  5/13/2020   (241,848)
Total unrealized depreciation           (4,365,231)
Net unrealized appreciation          $970,050 

 

Abbreviations
 
ADR American Depositary Receipt
EUR Euro
GBP British Pound
IDR Indonesian Rupiah
JPY Japanese Yen
MXN Mexican Peso
MYR Malaysia Ringgit
NVDR Non-Voting Depositary Receipt
PEN Peruvian Sol
PLN Poland New Zloty
Preference A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.
SGD Singapore Dollar
USD United States Dollar

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Affiliated Securities

 

Security Description   Shares at
January 31,
2020
    Market Value
October 31, 2019
    Purchases at
Cost
    Proceeds
from Sales
    Net Realized
Gain (Loss)
    Change
in  Unrealized
Appreciation/
(Depreciation)
    Market Value
January 31,
2020
    Dividend/
Interest
Income
    Capital Gain
Distributions
 
Chofu Seisakusho Co. Ltd.     1,835,700     $ 42,652,531     $          -     $ (156,044 )   $ 19,355     $ (3,555,558 )   $ 38,960,284     $ 241,879     $          -  
Fursys, Inc.*     872,463       23,284,177       -       -       -       (2,384,887 )     20,899,290       -       -  
Haw Par Corp. Ltd.     20,875,313       205,615,197       -       -       -       (18,676,662 )     186,938,535       -       -  
Laurent-Perrier     558,938       55,481,136       -       -       -       (4,677,091 )     50,804,045       -       -  
Legris Industries SE*‡(a)(b)     905,366       19,770,997       -       -       -       (1,737,430 )     18,033,567       -       -  
Maezawa Kasei Industries Co. Ltd.     837,200       9,169,992       -       -       -       (302,218 )     8,867,774       -       -  
Namyang Dairy Products Co. Ltd. (Preference)*     27,183       4,018,631       -       -       -       (1,019,458 )     2,999,173       -       -  
Total           $ 359,992,661     $ -     $ (156,044 )   $ 19,355     $ (32,353,304 )   $ 327,502,668     $ 241,879     $ -  

 

* Non-income producing security.

‡ Value determined using significant unobservable inputs.

(a) Security fair valued as of January 31, 2020 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2020 amounted to $18,033,567 which represents approximately 0.13% of net assets of the Fund.

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

  

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

 

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2020 (unaudited)

 

Industry Diversification for Portfolio Holdings  Percent of Net
Assets
 
Auto Components   0.6%
Automobiles   0.7 
Banks   2.7 
Beverages   1.9 
Building Products   1.3 
Chemicals   4.0 
Commercial Services & Supplies   2.5 
Commodities   9.9 
Construction Materials   1.3 
Consumer Finance   0.1 
Diversified Financial Services   5.1 
Diversified Telecommunication Services   0.4 
Electrical Equipment   1.1 
Electronic Equipment, Instruments & Components   1.5 
Energy Equipment & Services   1.1 
Entertainment   0.8 
Food Products   6.1 
Foreign Government Securities   2.2 
Health Care Equipment & Supplies   0.8 
Health Care Providers & Services   0.5 
Hotels, Restaurants & Leisure   1.0 
Household Durables   1.2 
Household Products   0.3 
Industrial Conglomerates   2.8 
Insurance   4.9 
Interactive Media & Services   0.1 
IT Services   0.4 
Leisure Products   0.8 
Machinery   4.4 
Media   0.5 
Metals & Mining   5.0 
Oil, Gas & Consumable Fuels   1.6 
Personal Products   0.9 
Pharmaceuticals   3.8 
Real Estate Management & Development   4.4 
Road & Rail   0.2 
Semiconductors & Semiconductor Equipment   0.8 
Specialty Retail   0.1 
Technology Hardware, Storage & Peripherals   0.5 
Textiles, Apparel & Luxury Goods   1.0 
Tobacco   3.6 
Trading Companies & Distributors   0.7 
Wireless Telecommunication Services   2.4 
Short-Term Investments   13.6 
Total Investments   99.6%

 

See Notes to Consolidated Schedule of Investments. (Continued)

 

 

 

 

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2020 (unaudited)

 

Investments   Shares     Value ($)  
COMMON STOCKS - 73.8%
             
Air Freight & Logistics - 1.6%                
CH Robinson Worldwide, Inc.     294,902       21,297,822  
Expeditors International of Washington, Inc.     23,975       1,751,134  
              23,048,956  
Banks - 4.9%