First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 77.6%
Australia - 0.4%
Newcrest Mining Ltd.		9,296,442		176,692,422
Belgium - 1.5%
Groupe Bruxelles Lambert SA		6,813,598		674,002,594
Brazil - 1.4%
Ambev SA, ADR		103,309,902		288,234,627
Cielo SA*		15,267,525		11,468,642
Wheaton Precious Metals Corp.		7,523,631		308,995,525
				608,698,794
Canada - 3.5%
Agnico Eagle Mines Ltd.		3,117,492		217,633,244
Barrick Gold Corp.		11,518,361		257,665,736
Franco-Nevada Corp.		769,497		91,665,672
Imperial Oil Ltd.		10,896,401		207,319,207
Nutrien Ltd.		9,839,567		483,811,509
Power Corp. of Canada		12,261,601		285,456,784
				1,543,552,152
France - 4.7%
Danone SA		10,211,219		679,032,438
Legrand SA		2,350,814		216,009,176
LVMH Moet Hennessy Louis Vuitton SE		264,822		160,110,190
Rexel SA*		11,789,132		179,393,401
Saint Jean Groupe SA*		93,252		3,078,114
Sanofi		4,486,722		421,968,612
Sodexo SA*		3,827,240		340,532,293
Wendel SE		1,067,994		123,297,171
				2,123,421,395
Germany - 0.7%
Brenntag AG		1,553,189		121,666,058
Henkel AG & Co. KGaA (Preference)		1,980,388		205,112,149
				326,778,207
Hong Kong - 2.3%
CK Asset Holdings Ltd.		29,853,500		148,954,589
Guoco Group Ltd.		12,748,580		154,860,774
Hongkong Land Holdings Ltd.		31,759,300		146,420,663
Hysan Development Co. Ltd.		23,322,348		84,578,221
Jardine Matheson Holdings Ltd.		6,979,771		402,294,624
Jardine Strategic Holdings Ltd.		2,819,500		73,278,805
				1,010,387,676
Ireland - 0.3%
CRH plc		3,284,015		135,541,696
Japan - 10.2%
Chofu Seisakusho Co. Ltd.(a)		3,224,200		62,514,293
FANUC Corp.		2,965,800		774,279,207
Hirose Electric Co. Ltd.		1,555,415		244,212,994
Hoshizaki Corp.		2,080,300		184,647,331
Hoya Corp.		1,355,340		173,421,049
Keyence Corp.		580,400		311,605,828
Komatsu Ltd.		6,756,000		185,111,053
Mitsubishi Electric Corp.		21,420,200		326,761,040
Mitsubishi Estate Co. Ltd.		22,303,180		352,836,088
MS&AD Insurance Group Holdings, Inc.		5,705,620		164,158,510
Olympus Corp.		2,001,224		36,183,685
Secom Co. Ltd.		6,337,130		574,201,444
Shimano, Inc.		1,551,090		363,688,653
SMC Corp.		550,656		333,236,591
Sompo Holdings, Inc.		10,690,400		426,892,514
T Hasegawa Co. Ltd.(a)		3,002,800		58,084,877
USS Co. Ltd.		997,600		19,644,354
				4,591,479,511
Mexico - 1.0%
Fomento Economico Mexicano SAB de CV, ADR		2,758,121		187,690,134
Fresnillo plc		12,042,596		162,270,375
Industrias Penoles SAB de CV*		6,401,020		95,785,789
				445,746,298
Norway - 0.3%
Orkla ASA		13,983,441		135,928,541
South Korea - 2.2%
Hyundai Mobis Co. Ltd.*		667,458		189,150,380
Kia Motors Corp.		1,164,136		85,317,401
KT&G Corp.		5,242,098		375,054,338
Lotte Confectionery Co. Ltd.*		161,797		15,106,897
Lotte Corp.		913,277		26,474,617
Namyang Dairy Products Co. Ltd.*(a)		39,989		10,239,555
NAVER Corp.		304,531		92,921,915
Samsung Electronics Co. Ltd. (Preference)		3,025,981		197,346,635
				991,611,738
Sweden - 1.2%
Investor AB, Class A		2,404,983		176,156,671
Investor AB, Class B		3,394,798		249,006,207
Svenska Handelsbanken AB, Class A*		12,783,537		127,439,029
				552,601,907
Switzerland - 2.2%
Cie Financiere Richemont SA (Registered)		6,374,537		592,093,060
Nestle SA (Registered)		3,679,697		412,481,471
				1,004,574,531
Taiwan - 1.3%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		4,862,904		590,940,094
Thailand - 0.4%
Bangkok Bank PCL, NVDR		47,278,400		178,538,395
United Kingdom - 5.6%
Berkeley Group Holdings plc		5,086,651		290,902,002
British American Tobacco plc		18,940,473		688,256,610
Diageo plc		3,750,155		150,558,191
GlaxoSmithKline plc		14,146,132		262,712,134
Linde plc		880,837		215,081,625
Linde plc		828,640		203,348,256

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
Lloyds Banking Group plc*		437,703,164		196,411,569
Unilever plc		8,267,552		480,584,906
				2,487,855,293
United States - 38.4%
Alleghany Corp.		425,143		240,992,309
Alphabet, Inc., Class A*		134,718		246,178,284
Alphabet, Inc., Class C*		148,554		272,706,520
American Express Co.		3,544,415		412,073,688
Analog Devices, Inc.		2,654,437		391,078,203
Anthem, Inc.		1,357,997		403,297,949
Bank of New York Mellon Corp. (The)		12,108,560		482,283,945
Becton Dickinson and Co.		131,679		34,472,245
Berkshire Hathaway, Inc., Class A*		772		265,645,200
Booking Holdings, Inc.*		165,236		321,273,312
Boston Properties, Inc., REIT		1,627,005		148,496,746
Brown & Brown, Inc.		5,841,695		251,718,637
CH Robinson Worldwide, Inc.(a)		7,172,180		613,651,721
Charles Schwab Corp. (The)		3,586,920		184,869,857
Colgate-Palmolive Co.		7,521,578		586,683,084
Comcast Corp., Class A		20,976,453		1,039,802,775
Cummins, Inc.		1,445,440		338,840,045
Deere & Co.		1,521,989		439,550,423
DENTSPLY SIRONA, Inc.		5,073,941		271,405,104
Douglas Emmett, Inc., REIT		4,379,963		121,368,775
Equity Residential, REIT		3,941,263		242,939,451
Expeditors International of Washington, Inc.		1,672,498		149,722,021
Exxon Mobil Corp.		17,715,752		794,374,320
Facebook, Inc., Class A*		2,242,285		579,249,484
Flowserve Corp.(a)		7,892,216		280,647,201
General Dynamics Corp.		242,088		35,509,468
HCA Healthcare, Inc.		1,665,329		270,582,656
IPG Photonics Corp.*		1,133,211		253,193,334
J G Boswell Co.		2,485		1,528,275
Kraft Heinz Co. (The)		4,743,185		158,944,129
Microsoft Corp.		2,016,253		467,690,046
Mills Music Trust(a)		31,592		1,192,598
Newmont Corp.		8,146,408		485,525,917
NOV, Inc.(a)		23,766,567		294,230,099
Oracle Corp.		19,184,962		1,159,347,254
Philip Morris International, Inc.		8,199,501		653,090,255
PPG Industries, Inc.		784,198		105,639,313
Royal Gold, Inc.		1,259,169		134,579,983
salesforce.com, Inc.*		1,172,000		264,356,320
San Juan Basin Royalty Trust(a)		3,908,035		13,639,042
Schlumberger NV		18,037,405		400,610,765
Scotts Miracle-Gro Co. (The)		423,101		93,678,792
Teradata Corp.*(a)		9,658,435		259,811,901
Texas Instruments, Inc.		2,553,572		423,101,345
Travelers Cos., Inc. (The)		2,389,450		325,682,035
Truist Financial Corp.		4,524,272		217,074,571
UGI Corp.		5,934,226		213,572,794
Union Pacific Corp.		1,349,610		266,507,487
Universal Health Services, Inc., Class B		2,116,279		263,857,666
US Bancorp		6,565,740		281,341,959
W R Berkley Corp.		3,935,721		244,565,703
Wells Fargo & Co.		6,712,587		200,572,100
Weyerhaeuser Co., REIT		13,516,318		421,573,958
Willis Towers Watson plc		1,036,625		210,372,677
				17,234,693,741
TOTAL COMMON STOCKS (Cost $24,138,812,952)				34,813,044,985

Investments	Ounces		Value ($)
COMMODITIES - 11.7%
Gold bullion*
(Cost $3,015,662,623)		2,848,707		5,252,160,615

Investments		Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 1.4%
Indonesia - 0.1%
Republic of Indonesia
8.38%, 3/15/2024	IDR		853,795,000,000		66,399,448
Malaysia - 0.2%
Malaysia Government Bond
3.42%, 8/15/2022	MYR		443,682,000		112,376,099
Mexico - 0.4%
Mex Bonos Desarr Fix Rt
6.50%, 6/9/2022	MXN		1,940,060,000		97,473,369
8.00%, 12/7/2023	MXN		911,940,000		48,879,255
10.00%, 12/5/2024	MXN		536,240,000		31,322,652
					177,675,276
Peru - 0.3%
Republic of Peru
8.20%, 8/12/2026(b)	PEN		318,059,000		117,787,784
Singapore - 0.4%
Republic of Singapore
2.25%, 6/1/2021	SGD		214,847,000		162,744,139
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost $627,868,170)					636,982,746

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 0.0%(c)
United States - 0.0%(c)
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡ (Cost $5,023,229)		5,467,000		5,590,007

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Number of Warrants		Value ($)
WARRANTS - 0.0%(c)
Switzerland - 0.0%(c)
Cie Financiere Richemont SA, expiring 11/22/2023*
(Cost $–)		12,749,074		4,150,695

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 9.1%
COMMERCIAL PAPER - 8.9%
Amazon.com, Inc.
0.07%, 3/9/2021(d)		24,541,000		24,539,299
American Honda Finance Corp.
0.25%, 2/3/2021(d)		40,612,000		40,611,148
0.24%, 2/5/2021(d)		43,167,000		43,165,724
0.24%, 3/10/2021(d)		35,962,000		35,951,891
0.28%, 3/24/2021(d)		28,988,000		28,976,782
0.28%, 3/25/2021(d)		28,988,000		28,976,574
0.28%, 4/6/2021(d)		26,467,000		26,454,094
Apple, Inc.
0.10%, 2/12/2021(b)(d)		27,970,000		27,969,021
0.08%, 2/17/2021(b)(d)		21,244,000		21,242,957
0.09%, 2/25/2021(b)(d)		45,854,000		45,850,871
0.08%, 3/10/2021(b)(d)		34,759,000		34,755,640
BASF SE
0.23%, 3/22/2021(b)(d)		59,167,000		59,153,582
BNG Bank NV
0.15%, 3/31/2021(b)(d)		46,740,000		46,728,912
CenterPoint Energy, Inc.
0.11%, 2/1/2021(d)		32,089,000		32,088,690
Chevron Corp.
0.07%, 2/23/2021(b)(d)		18,655,000		18,653,873
Dow Chemical Co. (The)
0.20%, 2/9/2021(d)		57,567,000		57,564,362
0.20%, 2/11/2021(d)		38,844,000		38,841,755
0.22%, 2/19/2021(d)		40,428,000		40,423,519
0.18%, 2/24/2021(d)		66,617,000		66,607,570
0.20%, 3/1/2021(d)		42,653,000		42,645,618
0.20%, 3/2/2021(d)		20,001,000		19,997,391
0.20%, 3/3/2021(d)		74,621,000		74,607,046
Emerson Electric Co.
0.11%, 2/23/2021(d)		23,077,000		23,075,446
Entergy Corp.
0.12%, 2/1/2021(b)(d)		30,084,000		30,083,732
Erste Abwicklungsanstalt
0.17%, 2/1/2021(b)(d)		36,979,000		36,978,723
0.17%, 2/2/2021(b)(d)		36,979,000		36,978,630
0.18%, 2/9/2021(b)(d)		59,997,000		59,995,350
0.11%, 3/1/2021(b)(d)		58,343,000		58,337,424
0.16%, 4/12/2021(b)(d)		36,730,000		36,720,020
0.16%, 4/13/2021(b)(d)		28,770,000		28,762,016
FMS Wertmanagement
0.13%, 3/4/2021(b)(d)		62,727,000		62,721,491
0.15%, 4/8/2021(b)(d)		63,542,000		63,525,071
0.15%, 4/19/2021(b)(d)		50,793,000		50,776,069
0.15%, 4/20/2021(b)(d)		43,757,000		43,742,134
0.15%, 4/28/2021(b)(d)		55,095,000		55,073,343
General Motors Financial Co., Inc.
0.30%, 2/1/2021(d)		38,909,000		38,907,949
Hitachi International Treasury Ltd.
0.11%, 2/1/2021(d)		23,706,000		23,705,743
Hydro-Quebec
0.10%, 4/12/2021(b)(d)		68,632,000		68,618,918
0.09%, 4/14/2021(b)(d)		20,420,000		20,415,958
0.10%, 4/15/2021(b)(d)		72,873,000		72,858,385
0.10%, 4/21/2021(d)		36,789,000		36,780,872
0.10%, 4/22/2021(d)		28,533,000		28,526,553
Kreditanstalt fuer Wiederaufbau
0.14%, 2/4/2021(b)(d)		41,667,000		41,666,444
0.13%, 2/8/2021(b)(d)		80,511,000		80,509,122
0.12%, 2/9/2021(b)(d)		32,089,000		32,088,167
0.15%, 2/11/2021(b)(d)		84,180,000		84,177,325
0.11%, 2/25/2021(b)(d)		40,000,000		39,996,400
0.11%, 2/26/2021(b)(d)		34,663,000		34,659,765
0.12%, 3/1/2021(b)(d)		33,084,000		33,080,553
0.17%, 3/15/2021(b)(d)		70,588,000		70,576,529
LVMH Moet Hennessy Louis Vuitton SE
0.12%, 2/3/2021(d)		36,979,000		36,978,538
0.13%, 2/4/2021(d)		58,864,000		58,863,117
0.14%, 2/8/2021(b)(d)		27,795,000		27,794,305
0.17%, 2/12/2021(d)		38,827,000		38,825,641
0.17%, 4/16/2021(d)		23,426,000		23,419,186
Merck & Co., Inc.
0.08%, 2/10/2021(b)(d)		55,468,000		55,466,706
0.11%, 2/16/2021(d)		75,406,000		75,403,285

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
MetLife Short Term Funding LLC
0.13%, 2/1/2021(b)(d)		28,785,000		28,784,760
0.15%, 2/8/2021(b)(d)		17,307,000		17,306,481
0.10%, 3/3/2021(b)(d)		51,994,000		51,988,281
Mitsui & Co. USA, Inc.
0.14%, 2/1/2021(d)		20,056,000		20,055,766
Nederlandse Waterschapsbank NV
0.12%, 2/4/2021(b)(d)		48,186,000		48,185,205
0.12%, 2/22/2021(b)(d)		42,770,000		42,766,607
0.15%, 3/22/2021(b)(d)		52,095,000		52,084,465
Nestle Capital Corp.
0.02%, 3/8/2021(b)(d)		16,314,000		16,313,001
0.04%, 4/1/2021(b)(d)		19,967,000		19,964,593
Nestle Finance International Ltd.
0.07%, 2/11/2021(b)(d)		34,969,000		34,968,027
NRW Bank
0.08%, 2/4/2021(b)(d)		31,210,000		31,209,532
0.17%, 2/16/2021(b)(d)		56,123,000		56,120,053
0.20%, 2/17/2021(b)(d)		36,979,000		36,976,853
0.18%, 2/19/2021(b)(d)		24,250,000		24,248,302
0.11%, 2/22/2021(b)(d)		52,273,000		52,268,714
0.18%, 2/23/2021(b)(d)		24,250,000		24,247,912
0.20%, 2/24/2021(b)(d)		18,490,000		18,488,317
0.18%, 3/2/202(b)(d)		24,250,000		24,247,176
0.12%, 3/26/2021(b)(d)		41,411,000		41,401,531
0.12%, 3/29/2021(b)(d)		41,411,000		41,400,888
0.15%, 4/26/2021(b)(d)		16,893,000		16,886,509
Philip Morris International, Inc.
0.08%, 3/23/2021(d)		22,875,000		22,871,363
PSP Capital, Inc.
0.11%, 2/8/2021(b)(d)		40,155,000		40,154,219
0.13%, 2/10/2021(b)(d)		8,494,000		8,493,802
0.12%, 3/12/2021(b)(d)		34,663,000		34,659,037
0.13%, 3/15/2021(b)(d)		57,539,000		57,531,808
0.12%, 3/18/2021(b)(d)		35,962,000		35,957,109
QUALCOMM, Inc.
0.15%, 2/3/2021(d)		12,795,000		12,794,840
Total Capital Canada Ltd.
0.19%, 2/18/2021(d)		75,844,000		75,840,755
0.18%, 3/8/2021(d)		49,672,000		49,666,180
0.20%, 3/17/2021(b)(d)		68,000,000		67,988,370
Unilever Capital Corp.
0.10%, 2/1/2021(b)(d)		39,486,000		39,485,657
0.10%, 2/2/2021(b)(d)		31,336,000		31,335,624
0.11%, 2/10/2021(d)		21,234,000		21,233,342
UnitedHealth Group, Inc.
0.19%, 2/5/2021(d)		52,000,000		51,998,585
0.21%, 2/19/2021(d)		49,412,000		49,407,734
0.22%, 3/30/2021(b)(d)		38,844,000		38,832,347
Walgreens Boots Alliance, Inc.
0.35%, 2/26/2021(b)(d)		17,000,000		16,996,985
0.40%, 3/2/2021(b)(d)		45,000,000		44,990,680
0.23%, 3/9/2021(b)(d)		37,655,000		37,645,128
0.23%, 3/11/2021(b)(d)		39,867,000		39,855,876
0.26%, 3/23/2021(b)(d)		44,724,000		44,706,815
TOTAL COMMERCIAL PAPER (Cost $3,988,244,673)				3,988,254,458
U.S. TREASURY OBLIGATIONS - 0.2%
U.S. Treasury Bills
0.03%, 2/18/2021(d)		62,677,000		62,675,890
0.09%, 3/11/2021(d)		15,000,000		14,999,327
0.09%, 5/20/2021(d)		15,000,000		14,996,681
TOTAL U.S. TREASURY OBLIGATIONS (Cost $92,670,941)				92,671,898

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0%(c)
JP Morgan U.S. Government Money Market Fund, Agency Shares 0.01% (e)  (Cost $5,972,854)		5,972,854		5,972,854
TOTAL SHORT-TERM INVESTMENTS (Cost $4,086,888,468)				4,086,899,210
Total Investments - 99.8%  (Cost $31,874,255,442)				44,798,828,258
Other assets less liabilities - 0.2%				108,597,591
Net Assets - 100.0%				44,907,425,849

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (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. Total value of all such securities at January 31, 2021 amounted to $2,816,235,884, which represents approximately 6.27% of net assets of the Fund.
(c)	Represents less than 0.05% of net assets.
(d)	The rate shown was the current yield as of January 31, 2021.
(e)	Represents 7-day effective yield as of January 31, 2021.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2021

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation) ($)
USD	173,437,380	EUR	142,366,000	Goldman Sachs	5/19/2021		263,092
USD	100,418,120	EUR	82,215,000	JPMorgan Chase Bank	6/16/2021		349,475
Total unrealized appreciation							612,567
USD	95,342,946	EUR	80,348,000	HSBC Bank plc	2/17/2021		(2,193,483	)
USD	98,800,176	GBP	73,323,000	HSBC Bank plc	2/17/2021		(1,670,091	)
USD	13,886,858	GBP	10,166,000	HSBC Bank plc	2/17/2021		(43,024	)
USD	95,447,960	EUR	80,348,000	UBS AG	4/14/2021		(2,217,177	)
USD	96,796,224	GBP	70,866,000	UBS AG	4/14/2021		(339,969	)
USD	121,927,138	EUR	100,241,000	JPMorgan Chase Bank	7/14/2021		(157,780	)
Total unrealized depreciation							(6,621,524	)
Net unrealized depreciation							(6,008,957	)

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

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Affiliated Securities

Security Description	Shares at January 31, 2021		Market Value October 31, 2020		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation/ (Depreciation)			Market Value January 31, 2021		Dividend Income
Common Stock - 4.1%
Japan - 0.8%
Chofu Seisakusho Co. Ltd.		3,224,200	$	65,662,564	$	-	$	-		$	-	$	(3,148,271	)	$	62,514,293	$	448,411
Hirose Electric Co. Ltd. ^		1,555,415		276,532,947		-		(61,053,991	)		17,005,952		11,728,086			244,212,994		-
T Hasegawa Co. Ltd.		3,002,800		58,518,604		-		-			-		(433,727	)		58,084,877		51,293
				400,714,115		-		(61,053,991	)		17,005,952		8,146,088			364,812,164		499,704
South Korea - 0.0% (a)
Namyang Dairy Products Co. Ltd.*		39,989		9,013,160		-		-			-		1,226,395			10,239,555		30,572
United States - 3.3%
CH Robinson Worldwide, Inc.		7,172,180		634,235,877		-		-			-		(20,584,156	)		613,651,721		3,657,812
Flowserve Corp.		7,892,216		229,821,330		-		-			-		50,825,871			280,647,201		1,578,443
Mills Music Trust		31,592		1,168,904		-		-			-		23,694			1,192,598		22,970
NOV, Inc.(b)		23,766,567		199,639,163		-		-			-		94,590,936			294,230,099		-
San Juan Basin Royalty Trust		3,908,035		12,818,355		-		-			-		820,687			13,639,042		360,133
Teradata Corp.*		9,658,435		177,425,451		-		-			-		82,386,450			259,811,901		-
				1,255,109,080		-		-			-		208,063,482			1,463,172,562		5,619,358
Total Common Stock				1,664,836,355		-		(61,053,991	)		17,005,952		217,435,965			1,838,224,281		6,149,634
Total			$	1,664,836,355	$	-	$	(61,053,991	)	$	17,005,952	$	217,435,965		$	1,838,224,281	$	6,149,634

* Non-income producing security.

^ Represents an unaffiliated issuer as of January 31, 2021.

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

(b) Formerly known as National Oilwell Varco, Inc.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.1	%
Air Freight & Logistics		1.7
Auto Components		0.4
Automobiles		0.2
Banks		2.6
Beverages		1.4
Capital Markets		1.5
Chemicals		2.6
Commercial Services & Supplies		1.3
Commodities		11.7
Construction Materials		0.3
Consumer Finance		0.9
Diversified Financial Services		3.3
Electrical Equipment		1.2
Electronic Equipment, Instruments & Components		1.8
Energy Equipment & Services		1.5
Entertainment		0.0	*
Equity Real Estate Investment Trusts (REITs)		2.1
Food Products		3.2
Foreign Government Securities		1.4
Gas Utilities		0.5
Health Care Equipment & Supplies		1.2
Health Care Providers & Services		2.1
Hotels, Restaurants & Leisure		0.8
Household Durables		0.8
Household Products		1.8
Industrial Conglomerates		1.5
Insurance		4.8
Interactive Media & Services		2.7
Internet & Direct Marketing Retail		0.7
IT Services		0.0	*
Leisure Products		0.8
Machinery		5.6
Media		2.3
Metals & Mining		4.3
Oil, Gas & Consumable Fuels		2.3
Personal Products		1.1
Pharmaceuticals		1.5
Real Estate Management & Development		1.6
Road & Rail		0.6
Semiconductors & Semiconductor Equipment		3.1
Software		4.8
Specialty Retail		0.0	*
Technology Hardware, Storage & Peripherals		0.4
Textiles, Apparel & Luxury Goods		1.7
Tobacco		3.8
Trading Companies & Distributors		0.7
Short-Term Investments		9.1
Total Investments		99.8	%

* Less than 0.05%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 72.4%
Australia - 0.4%
Newcrest Mining Ltd.		2,725,136		51,795,179
Belgium - 2.3%
Groupe Bruxelles Lambert SA		3,253,637		321,850,478
Legris Industries SE*‡(a)(b)(c)		905,366		14,898,466
				336,748,944
Brazil - 1.8%
Ambev SA, ADR		55,177,797		153,946,054
Cielo SA*		6,284,449		4,720,745
Wheaton Precious Metals Corp.		2,256,314		92,666,816
				251,333,615
Canada - 5.2%
Agnico Eagle Mines Ltd.		884,893		61,774,700
Barrick Gold Corp.		3,513,293		78,592,365
Franco-Nevada Corp.		224,985		26,801,146
Imperial Oil Ltd.		8,488,821		161,511,644
Nutrien Ltd.		5,482,493		269,574,181
Power Corp. of Canada		6,484,234		150,956,517
				749,210,553
Chile - 1.1%
Cia Cervecerias Unidas SA, ADR(b)		9,392,572		154,507,809
France - 7.0%
Danone SA		5,117,957		340,337,311
Laurent-Perrier(b)		558,938		50,329,802
Legrand SA		851,876		78,276,305
LVMH Moet Hennessy Louis Vuitton SE		30,062		18,175,350
Rexel SA*		7,346,731		111,794,071
Saint Jean Groupe SA*		18,420		608,018
Sanofi		1,976,892		185,923,347
Sodexo SA*		1,804,517		160,558,604
Wendel SE		493,657		56,991,436
				1,002,994,244
Germany - 1.5%
Brenntag AG		880,806		68,996,235
FUCHS PETROLUB SE (Preference)		1,112,385		63,292,109
Henkel AG & Co. KGaA (Preference)		869,245		90,029,181
				222,317,525
Hong Kong - 4.5%
CK Asset Holdings Ltd.		14,681,000		73,251,120
Great Eagle Holdings Ltd.		22,777,700		67,991,472
Guoco Group Ltd.		7,806,340		94,825,922
Hongkong Land Holdings Ltd.		14,249,900		65,696,656
Hysan Development Co. Ltd.		17,500,405		63,465,013
Jardine Matheson Holdings Ltd.		3,892,300		224,341,367
Jardine Strategic Holdings Ltd.		1,911,000		49,666,890
				639,238,440
Ireland - 0.5%
CRH plc		1,586,739		65,489,742
Japan - 18.8%
As One Corp.		709,140		104,008,210
Chofu Seisakusho Co. Ltd.(b)		1,829,100		35,464,578
Daiichikosho Co. Ltd.(b)		2,866,280		98,887,847
FANUC Corp.		1,490,940		389,238,600
Hirose Electric Co. Ltd.		919,830		144,420,902
Hoshizaki Corp.		932,800		82,795,284
Hoya Corp.		558,630		71,478,891
Kansai Paint Co. Ltd.		3,559,930		104,786,696
Keyence Corp.		255,000		136,904,697
Komatsu Ltd.		3,814,300		104,509,930
Maezawa Kasei Industries Co. Ltd.		305,800		2,776,533
Mitsubishi Electric Corp.		10,867,500		165,781,627
Mitsubishi Estate Co. Ltd.		13,600,150		215,154,239
MS&AD Insurance Group Holdings, Inc.		2,490,000		71,640,714
Nagaileben Co. Ltd.		1,687,224		48,941,343
Olympus Corp.		840,372		15,194,579
Secom Co. Ltd.		2,777,800		251,693,870
Shimano, Inc.		710,470		166,585,999
SK Kaken Co. Ltd.		87,561		32,183,861
SMC Corp.		255,490		154,613,074
Sompo Holdings, Inc.		6,347,500		253,470,425
T Hasegawa Co. Ltd.		1,906,436		36,877,282
USS Co. Ltd.		425,500		8,378,782
Yokogawa Electric Corp.		13,600		294,010
				2,696,081,973
Mexico - 1.4%
Fomento Economico Mexicano SAB de CV, ADR		1,601,427		108,977,107
Fresnillo plc		3,669,671		49,447,718
Grupo Mexico SAB de CV, Series B		566,938		2,429,379
Industrias Penoles SAB de CV*		2,246,692		33,619,824
				194,474,028
Netherlands - 1.1%
HAL Trust		608,905		86,595,661
Royal Dutch Shell plc, Class A		3,808,849		70,538,178
				157,133,839
Norway - 0.9%
Orkla ASA		13,188,419		128,200,388
Singapore - 1.8%
ComfortDelGro Corp. Ltd.		20,481,815		24,303,422
Haw Par Corp. Ltd.(b)		19,447,213		163,732,900
United Overseas Bank Ltd.		828,500		14,556,595
UOL Group Ltd.		9,410,800		51,660,538
				254,253,455
South Korea - 4.3%
Fursys, Inc.*(b)		872,463		23,039,887
Hyundai Mobis Co. Ltd.*		413,440		117,164,425
Kia Motors Corp.		550,114		40,316,850

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
KT&G Corp.		2,525,785		180,711,353
Lotte Confectionery Co. Ltd.*		104,605		9,766,912
Lotte Corp.		772,717		22,399,980
Namyang Dairy Products Co. Ltd.*		22,950		5,876,561
Namyang Dairy Products Co. Ltd. (Preference)*(b)		27,183		4,423,603
NAVER Corp.		126,327		38,546,311
NongShim Co. Ltd.		203,663		51,331,079
Samsung Electronics Co. Ltd. (Preference)		1,863,921		121,560,095
				615,137,056
Sweden - 2.7%
Industrivarden AB, Class C*		1,572,517		50,011,012
Investor AB, Class A		1,362,742		99,816,129
Investor AB, Class B		2,096,088		153,746,680
Svenska Handelsbanken AB, Class A*		8,041,032		80,161,016
				383,734,837
Switzerland - 3.5%
Cie Financiere Richemont SA (Registered)		2,792,597		259,387,827
Nestle SA (Registered)		2,199,560		246,563,167
				505,950,994
Taiwan - 2.1%
Taiwan Secom Co. Ltd.		8,545,694		26,356,039
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		2,219,495		269,713,032
				296,069,071
Thailand - 0.8%
Bangkok Bank PCL, NVDR		21,880,059		82,626,117
Thai Beverage PCL		52,214,985		32,331,036
				114,957,153
Turkey - 0.2%
AG Anadolu Grubu Holding A/S		7,894,093		29,257,136
United Kingdom - 8.3%
Berkeley Group Holdings plc		1,972,051		112,780,213
British American Tobacco plc		8,470,873		307,813,555
Diageo plc		1,711,810		68,724,364
GlaxoSmithKline plc		7,145,873		132,708,188
Great Portland Estates plc, REIT		971,781		8,656,029
Hiscox Ltd.*		7,851,225		100,142,250
Linde plc		555,620		135,670,564
Lloyds Banking Group plc*		217,111,612		97,425,004
Unilever plc		3,732,928		216,991,541
				1,180,911,708
United States - 2.2%
Newmont Corp.		2,780,992		165,747,123
Royal Gold, Inc.		394,697		42,185,216
Willis Towers Watson plc		535,349		108,643,726
				316,576,065
TOTAL COMMON STOCKS (Cost $7,071,587,370)				10,346,373,754

Investments	Ounces		Value ($)
COMMODITIES - 10.8%
Gold bullion*
(Cost $799,500,107)		836,267		1,541,826,189

Investments		Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 2.2%
Indonesia - 0.2%
Republic of Indonesia
8.38%, 3/15/2024	IDR		267,431,000,000		20,798,050
Malaysia - 0.3%
Malaysia Government Bond
3.42%, 8/15/2022	MYR		181,499,000		45,970,198
Mexico - 0.5%
Mex Bonos Desarr Fix Rt
6.50%, 6/9/2022	MXN		668,090,000		33,566,479
8.00%, 12/7/2023	MXN		377,210,000		20,218,154
10.00%, 12/5/2024	MXN		366,710,000		21,420,129
					75,204,762
Peru - 0.3%
Republic of Peru
8.20%, 8/12/2026(d)	PEN		129,984,000		48,137,381
Singapore - 0.9%
Republic of Singapore
2.25%, 6/1/2021	SGD		85,183,000		64,525,146
3.13%, 9/1/2022	SGD		84,179,000		66,168,344
					130,693,490
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost $314,799,431)					320,803,881

Investments	Number of Warrants	Value ($)
WARRANTS - 0.0%(e)
Switzerland - 0.0%(e)
Cie Financiere Richemont SA, expiring 11/22/2023*

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Number of Warrants		Value ($)
(Cost $–)		5,585,194		1,818,363

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 14.5%
COMMERCIAL PAPER - 14.2%
Amazon.com, Inc.
0.07%, 3/9/2021(f)		25,459,000		25,457,235
American Honda Finance Corp.
0.25%, 2/3/2021(f)		16,388,000		16,387,656
0.24%, 2/5/2021(f)		21,196,000		21,195,374
0.24%, 3/10/2021(f)		14,038,000		14,034,054
0.28%, 3/24/2021(f)		6,012,000		6,009,673
0.28%, 3/25/2021(f)		6,012,000		6,009,630
0.28%, 4/6/2021(f)		13,533,000		13,526,401
Apple, Inc.
0.10%, 2/12/2021(d)(f)		22,030,000		22,029,229
0.09%, 2/25/2021(d)(f)		16,146,000		16,144,898
0.08%, 3/10/2021(d)(f)		25,241,000		25,238,560
BASF SE
0.23%, 3/22/2021(d)(f)		20,833,000		20,828,275
BNG Bank NV
0.15%, 3/31/2021(d)(f)		11,460,000		11,457,281
Chevron Corp.
0.07%, 2/23/2021(d)(f)		6,345,000		6,344,617
Dow Chemical Co. (The)
0.20%, 2/9/2021(f)		16,533,000		16,532,242
0.20%, 2/11/2021(f)		11,156,000		11,155,356
0.22%, 2/19/2021(f)		20,672,000		20,669,709
0.20%, 3/1/2021(f)		8,847,000		8,845,469
0.20%, 3/2/2021(f)		41,299,000		41,291,548
0.20%, 3/3/2021(f)		25,379,000		25,374,254
Emerson Electric Co.
0.11%, 2/23/2021(f)		13,066,000		13,065,120
0.11%, 3/5/2021(f)		30,000,000		29,997,025
Erste Abwicklungsanstalt
0.17%, 2/1/2021(d)(f)		63,021,000		63,020,527
0.17%, 2/2/2021(d)(f)		63,021,000		63,020,370
0.18%, 2/9/2021(d)(f)		44,303,000		44,301,782
0.11%, 3/1/2021(d)(f)		41,657,000		41,653,018
0.16%, 4/12/2021(d)(f)		13,270,000		13,266,394
0.16%, 4/13/2021(d)(f)		11,230,000		11,226,884
FMS Wertmanagement
0.13%, 3/4/2021(d)(f)		27,273,000		27,270,605
0.15%, 4/8/2021(d)(f)		36,458,000		36,448,287
0.15%, 4/19/2021(d)(f)		46,707,000		46,691,431
0.15%, 4/20/2021(d)(f)		31,243,000		31,232,385
0.15%, 4/28/2021(d)(f)		19,905,000		19,897,176
Hydro-Quebec
0.10%, 4/12/2021(d)(f)		30,368,000		30,362,212
0.09%, 4/14/2021(d)(f)		14,580,000		14,577,114
0.10%, 4/15/2021(d)(f)		26,327,000		26,321,720
0.10%, 4/21/2021(f)		14,361,000		14,357,827
0.10%, 4/22/2021(f)		31,071,000		31,063,980
Kreditanstalt fuer Wiederaufbau
0.14%, 2/4/2021(d)(f)		7,333,000		7,332,902
0.13%, 2/8/2021(d)(f)		18,489,000		18,488,569
0.12%, 2/9/2021(d)(f)		22,911,000		22,910,405
0.15%, 2/11/2021(d)(f)		28,207,000		28,206,104
0.11%, 2/26/2021(d)(f)		15,337,000		15,335,569
0.12%, 3/1/2021(d)(f)		16,916,000		16,914,237
0.17%, 3/15/2021(d)(f)		29,412,000		29,407,220
LVMH Moet Hennessy Louis Vuitton SE
0.12%, 2/3/2021(f)		13,021,000		13,020,837
0.13%, 2/4/2021(f)		28,903,000		28,902,567
0.14%, 2/8/2021(d)(f)		16,555,000		16,554,586
0.17%, 2/12/2021(f)		12,961,000		12,960,546
0.17%, 4/16/2021(f)		25,510,000		25,502,580
LVMH Moet Hennessy Louis Vuitton, Inc.
0.17%, 2/22/2021(d)(f)		25,000,000		24,998,283
Merck & Co., Inc.
0.08%, 2/10/2021(d)(f)		18,515,000		18,514,568
0.11%, 2/16/2021(f)		21,194,000		21,193,237
MetLife Short Term Funding LLC
0.13%, 2/1/2021(d)(f)		17,145,000		17,144,857
0.15%, 2/8/2021(d)(f)		9,800,000		9,799,706
0.10%, 3/3/2021(d)(f)		23,006,000		23,003,470
Nederlandse Waterschapsbank NV
0.12%, 2/4/2021(d)(f)		11,814,000		11,813,805

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
0.15%, 3/22/2021(d)(f)		47,905,000		47,895,313
Nestle Capital Corp.
0.02%, 3/8/2021(d)(f)		33,686,000		33,683,938
0.04%, 4/1/2021(d)(f)		9,583,000		9,581,844
Nestle Finance International Ltd.
0.07%, 2/11/2021(d)(f)		40,031,000		40,029,887
NRW Bank
0.08%, 2/4/2021(d)(f)		10,615,000		10,614,841
0.17%, 2/16/2021(d)(f)		22,877,000		22,875,799
0.20%, 2/17/2021(d)(f)		63,021,000		63,017,341
0.18%, 2/19/2021(d)(f)		25,000,000		24,998,250
0.11%, 2/22/2021(d)(f)		22,727,000		22,725,136
0.18%, 2/23/2021(d)(f)		25,000,000		24,997,847
0.20%, 2/24/2021(d)(f)		31,510,000		31,507,132
0.18%, 3/2/2021(d)(f)		25,000,000		24,997,089
0.12%, 3/26/2021(d)(f)		8,589,000		8,587,036
0.12%, 3/29/2021(d)(f)		8,589,000		8,586,903
0.15%, 4/26/2021(d)(f)		8,107,000		8,103,885
Philip Morris International, Inc.
0.08%, 3/23/2021(f)		13,125,000		13,122,913
PSP Capital, Inc.
0.11%, 2/8/2021(d)(f)		9,845,000		9,844,809
0.13%, 2/10/2021(d)(f)		11,506,000		11,505,732
0.12%, 3/12/2021(d)(f)		15,337,000		15,335,246
0.13%, 3/15/2021(d)(f)		22,461,000		22,458,192
0.12%, 3/18/2021(d)(f)		14,038,000		14,036,091
QUALCOMM, Inc.
0.15%, 2/3/2021(f)		21,805,000		21,804,727
Total Capital Canada Ltd.
0.19%, 2/18/2021(f)		23,142,000		23,141,010
0.18%, 3/8/2021(f)		28,126,000		28,122,704
0.20%, 3/17/2021(d)(f)		17,000,000		16,997,093
Unilever Capital Corp.
0.10%, 2/1/2021(d)(f)		35,164,000		35,163,695
0.10%, 2/2/2021(d)(f)		18,664,000		18,663,776
0.11%, 2/10/2021(f)		28,766,000		28,765,108
UnitedHealth Group, Inc.
0.19%, 2/5/2021(f)		13,000,000		12,999,646
0.21%, 2/19/2021(f)		20,588,000		20,586,223
0.22%, 3/30/2021(d)(f)		11,156,000		11,152,653
Walgreens Boots Alliance, Inc.
0.40%, 3/2/2021(d)(f)		40,000,000		39,991,716
0.23%, 3/9/2021(d)(f)		27,345,000		27,337,831
0.23%, 3/11/2021(d)(f)		19,133,000		19,127,661
0.26%, 3/23/2021(d)(f)		9,276,000		9,272,436
TOTAL COMMERCIAL PAPER (Cost $2,029,932,295)				2,029,940,869
U.S. TREASURY OBLIGATIONS - 0.3%
U.S. Treasury Bills
0.03%, 2/18/2021(f)		21,973,000		21,972,611
0.09%, 3/11/2021(f)		10,000,000		9,999,551
0.09%, 5/20/2021(f)		10,000,000		9,997,787
TOTAL U.S. TREASURY OBLIGATIONS (Cost $41,969,242)				41,969,949

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0%(e)
JP Morgan U.S. Government Money Market Fund, Agency Shares 0.01% (g) (Cost $5,753,161)		5,753,161		5,753,161
TOTAL SHORT-TERM INVESTMENTS (Cost $2,077,654,698)				2,077,663,979
Total Investments - 99.9%  (Cost $10,263,541,606)				14,288,486,166
Other assets less liabilities - 0.1%				12,546,532
Net Assets - 100.0%				14,301,032,698

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Security fair valued as of January 31, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2021 amounted to $14,898,466, which represents approximately 0.10% of net assets of the Fund.
(b)	Affiliated company as defined under the Investment Company Act of 1940.
(c)	Represents a security that is subject to legal or contractual restrictions on resale.
(d)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2021 amounted to $1,512,983,599, which represents approximately 10.58% of net assets of the Fund.
(e)	Represents less than 0.05% of net assets.
(f)	The rate shown was the current yield as of January 31, 2021.
(g)	Represents 7-day effective yield as of January 31, 2021.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Restricted Securities	Acquisition Date	Cost		Carrying Value Per Share/Principal
Legris Industries SE	04/30/04	$	23,433,066	$	16.46

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2021
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	93,662,715	EUR	76,883,000	Goldman Sachs	5/19/2021	$	142,080
USD	5,781,847	EUR	4,699,000	JPMorgan Chase Bank	6/16/2021		62,421
USD	48,952,385	EUR	40,118,000	JPMorgan Chase Bank	6/16/2021		122,440
Total unrealized appreciation							326,941
USD	49,863,169	EUR	42,021,000	HSBC Bank plc	2/17/2021		(1,147,164	)
USD	42,717,335	GBP	31,702,000	HSBC Bank plc	2/17/2021		(722,082	)
USD	5,278,263	GBP	3,864,000	HSBC Bank plc	2/17/2021		(16,353	)
USD	49,918,091	EUR	42,021,000	UBS AG	4/14/2021		(1,159,556	)
USD	42,550,673	GBP	31,152,000	UBS AG	4/14/2021		(149,447	)
USD	64,007,460	EUR	52,623,000	JPMorgan Chase Bank	7/14/2021		(82,829	)
Total unrealized depreciation							(3,277,431	)
Net unrealized depreciation						$	(2,950,490	)

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

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund Consolidated

Schedule of Investments
January 31, 2021 (unaudited)

Affiliated Securities

Security Description	Shares at January 31, 2021		Market Value October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in  Unrealized Appreciation/ (Depreciation)			Market Value January 31, 2021		Dividend Income
Common Stock - 3.1%
Belgium - 0.1%
Legris Industries SE*‡ (a)(c)		905,366	$	8,129,690	$	-	$	-	$	-	$	6,768,776		$	14,898,466	$	-
Chile - 0.7%
Cia Cervecerias Unidas SA		9,392,572		101,064,075		-		-		-		53,443,734			154,507,809		877,767
France  - 0.3%
Laurent-Perrier		558,938		45,954,829		-		-		-		4,374,973			50,329,802		-
Japan - 0.9%
Chofu Seisakusho Co. Ltd.		1,829,100		37,250,603		-		-		-		(1,786,025	)		35,464,578		254,385
Daiichikosho Co. Ltd.		2,866,280		91,899,275		5,851,903		-		-		1,136,669			98,887,847		-
				129,149,878		5,851,903		-		-		(649,356	)		134,352,425		254,385
Singapore – 0.9%
Haw Par Corp. Ltd.		19,447,213		133,533,111		-		-		-		30,199,789			163,732,900		-
South Korea - 0.2%
Fursys, Inc.*		872,463		22,683,276		-		-		-		356,611			23,039,887		667,008
Namyang Dairy Products Co. Ltd. (Preference)*		27,183		3,228,542		-		-		-		1,195,061			4,423,603		21,821
				25,911,818		-		-		-		1,551,672			27,463,490		688,829
Total Common Stock				443,743,401		5,851,903		-		-		95,689,588			545,284,892		1,820,981
Total			$	443,743,401	$	5,851,903	$	-	$	-	$	95,689,588		$	545,284,892	$	1,820,981

* Non-income producing security.

‡ Value determined using significant unobservable inputs.

(a)Security fair valued as of January 31, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2021 amounted to $14,898,466 which represents approximately 0.10% of net assets of the Fund.

(c) 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, 2021 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Auto Components		0.8	%
Automobiles		0.3
Banks		1.9
Beverages		4.0
Building Products		0.0	*
Chemicals		4.5
Commercial Services & Supplies		2.1
Commodities		10.8
Construction Materials		0.5
Consumer Finance		0.1
Diversified Financial Services		5.4
Electrical Equipment		1.7
Electronic Equipment, Instruments & Components		2.0
Entertainment		0.7
Equity Real Estate Investment Trusts (REITs)		0.1
Food Products		5.5
Foreign Government Securities		2.2
Health Care Equipment & Supplies		0.9
Health Care Providers & Services		0.7
Hotels, Restaurants & Leisure		1.1
Household Durables		1.0
Household Products		0.6
Industrial Conglomerates		2.9
Insurance		4.8
Interactive Media & Services		0.3
IT Services		0.0	*
Leisure Products		1.2
Machinery		5.1
Metals & Mining		4.2
Oil, Gas & Consumable Fuels		1.6
Personal Products		1.5
Pharmaceuticals		3.4
Real Estate Management & Development		3.8
Road & Rail		0.2
Semiconductors & Semiconductor Equipment		1.9
Specialty Retail		0.1
Technology Hardware, Storage & Peripherals		0.8
Textiles, Apparel & Luxury Goods		2.0
Tobacco		3.4
Trading Companies & Distributors		1.3
Short-Term Investments		14.5
Total Investments		99.9	%

* Less than 0.05%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2021 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 77.5%
Aerospace & Defense - 0.2%
General Dynamics Corp.		12,035		1,765,294
Air Freight & Logistics - 3.1%
CH Robinson Worldwide, Inc.		326,601		27,943,982
Expeditors International of Washington, Inc.		89,172		7,982,677
				35,926,659
Banks - 2.9%
Truist Financial Corp.		234,829		11,267,096
US Bancorp		345,798		14,817,444
Wells Fargo & Co.		247,457		7,394,015
				33,478,555
Capital Markets - 3.1%
Bank of New York Mellon Corp. (The)		662,458		26,385,702
Charles Schwab Corp. (The)		186,176		9,595,511
				35,981,213
Chemicals - 3.0%
Linde plc (United Kingdom)		43,296		10,624,838
Nutrien Ltd. (Canada)		291,774		14,346,528
PPG Industries, Inc.		36,734		4,948,437
Scotts Miracle-Gro Co. (The)		19,143		4,238,452
				34,158,255
Consumer Finance - 1.5%
American Express Co.		143,823		16,720,862
Diversified Financial Services - 1.2%
Berkshire Hathaway, Inc., Class A*		40		13,764,000
Electronic Equipment, Instruments & Components - 1.1%
IPG Photonics Corp.*		59,026		13,188,179
Energy Equipment & Services - 2.4%
NOV, Inc.		965,034		11,947,121
Schlumberger NV		719,018		15,969,390
				27,916,511
Equity Real Estate Investment Trusts (REITs) - 3.2%
Boston Properties, Inc.		64,068		5,847,486
Douglas Emmett, Inc.		177,655		4,922,820
Equity Residential		161,312		9,943,272
Weyerhaeuser Co.		536,268		16,726,199
				37,439,777
Food Products - 0.6%
Kraft Heinz Co. (The)		206,681		6,925,880
Gas Utilities - 0.7%
UGI Corp.		238,495		8,583,435
Health Care Equipment & Supplies - 1.6%
Becton Dickinson and Co.		5,020		1,314,186
DENTSPLY SIRONA, Inc.		316,174		16,912,147
				18,226,333
Health Care Providers & Services - 4.4%
Anthem, Inc.		64,857		19,261,232
HCA Healthcare, Inc.		98,362		15,981,857
Universal Health Services, Inc., Class B		123,366		15,381,273
				50,624,362
Household Products - 3.2%
Colgate-Palmolive Co.		479,090		37,369,020
Insurance - 6.9%
Alleghany Corp.		42,526		24,105,863
Brown & Brown, Inc.		396,625		17,090,571
Travelers Cos., Inc. (The)		124,572		16,979,164
W R Berkley Corp.		253,572		15,756,964
Willis Towers Watson plc		30,394		6,168,158
				80,100,720
Interactive Media & Services - 5.1%
Alphabet, Inc., Class A*		7,298		13,336,073
Alphabet, Inc., Class C*		7,454		13,683,606
Facebook, Inc., Class A*		120,766		31,197,481
				58,217,160
Internet & Direct Marketing Retail - 1.4%
Booking Holdings, Inc.*		8,032		15,616,859
Machinery - 4.6%
Cummins, Inc.		72,632		17,026,393
Deere & Co.		79,087		22,840,326
Flowserve Corp.		378,708		13,466,857
				53,333,576
Media - 4.1%
Comcast Corp., Class A		955,308		47,354,618
Metals & Mining - 3.4%
Agnico Eagle Mines Ltd. (Canada)		82,024		5,726,125
Barrick Gold Corp. (Canada)		311,133		6,960,045
Franco-Nevada Corp. (Canada)		21,527		2,564,386
Newcrest Mining Ltd. (Australia)		236,346		4,492,100
Newmont Corp.		261,386		15,578,606
Royal Gold, Inc.		37,823		4,042,522
				39,363,784
Oil, Gas & Consumable Fuels - 2.8%
Exxon Mobil Corp.		710,372		31,853,080
Road & Rail - 1.5%
Union Pacific Corp.		89,296		17,633,281
Semiconductors & Semiconductor Equipment - 3.7%
Analog Devices, Inc.		143,380		21,124,175
Texas Instruments, Inc.		128,555		21,300,278
				42,424,453
Software - 8.8%
Microsoft Corp.		115,611		26,817,127

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2021 (unaudited)

Investments	Shares	Value ($)
Oracle Corp.	843,321	50,961,888
salesforce.com, Inc.*	49,128	11,081,312
Teradata Corp.*	463,744	12,474,714
		101,335,041
Tobacco - 3.0%
Philip Morris International, Inc.	435,178	34,661,928
TOTAL COMMON STOCKS (Cost $567,115,691)		893,962,835

Investments	Ounces	Value ($)
COMMODITIES - 11.8%
Gold bullion*  (Cost $79,442,806)	73,531	135,568,926

Investments	Principal Amount ($)	Value ($)
CORPORATE BONDS - 1.7%
Banks - 1.1%
Wachovia Capital Trust III
(ICE LIBOR USD 3 Month + 0.93%, 5.57% Floor), 5.57%, 3/8/2021(a)(b)	12,404,000	12,436,002
Health Care Equipment & Supplies - 0.0%(c)
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡	600,000	613,500
Oil, Gas & Consumable Fuels - 0.6%
CITGO Petroleum Corp.
6.25%, 8/15/2022(d)	6,542,000	6,526,299
TOTAL CORPORATE BONDS (Cost $19,389,215)		19,575,801

Investments	Shares	Value ($)
MASTER LIMITED PARTNERSHIPS - 1.4%
Oil, Gas & Consumable Fuels - 1.4%
Enterprise Products Partners LP	526,087	10,642,740
Magellan Midstream Partners LP	130,508	5,802,386
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $15,806,262)		16,445,126

Investments	Principal Amount ($)	Value ($)
SHORT-TERM INVESTMENTS - 7.8%
COMMERCIAL PAPER - 3.0%
CenterPoint Energy, Inc.
0.11%, 2/1/2021(e)	7,810,000	7,809,924
Entergy Corp.
0.12%, 2/1/2021(d)(e)	7,322,000	7,321,935
General Motors Financial Co., Inc.
0.30%, 2/1/2021(e)	9,469,000	9,468,744
Hitachi International Treasury Ltd. (Japan)
0.11%, 2/1/2021(e)	5,770,000	5,769,938
Mitsui & Co. USA, Inc.
0.14%, 2/1/2021(e)	4,881,000	4,880,943
TOTAL COMMERCIAL PAPER (Cost $35,252,000)		35,251,484

Investments	Shares	Value ($)
INVESTMENT COMPANIES - 0.0%(c)
JP Morgan U.S. Government Money Market Fund, Agency Shares, 0.01% (f)
(Cost $20,165)	20,165	20,165

Investments	Principal Amount ($)	Value ($)
U.S. TREASURY OBLIGATIONS - 4.8%
U.S. Treasury Bills
0.08%, 3/2/2021(e)	20,000,000	19,999,114
0.09%, 3/11/2021(e)	20,000,000	19,999,102
0.07%, 5/20/2021(e)	15,000,000	14,996,681
TOTAL U.S. TREASURY OBLIGATIONS (Cost $54,993,847)		54,994,897
TOTAL SHORT-TERM INVESTMENTS (Cost $90,266,012)		90,266,546
Total Investments - 100.2%  (Cost $772,019,986)		1,155,819,234
Liabilities in excess of other assets - (0.2%)		(2,319,049	)
Net Assets - 100.0%		1,153,500,185

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2021 (unaudited)

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Perpetual security. The rate reflected was the rate in effect on January 31, 2021. The maturity date reflects the next call date.
(b)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2021.
(c)	Represents less than 0.05% of net assets.
(d)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2021 amounted to $13,848,234, which represents approximately 1.20% of net assets of the Fund.
(e)	The rate shown was the current yield as of January 31, 2021.
(f)	Represents 7-day effective yield as of January 31, 2021.

Abbreviations
ICE	Intercontinental Exchange
LIBOR	London Interbank Offered Rate
USD	United States Dollar

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2021 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.2	%
Air Freight & Logistics		3.1
Banks		4.0
Capital Markets		3.1
Chemicals		3.0
Commodities		11.8
Consumer Finance		1.5
Diversified Financial Services		1.2
Electronic Equipment, Instruments & Components		1.1
Energy Equipment & Services		2.4
Equity Real Estate Investment Trusts (REITs)		3.2
Food Products		0.6
Gas Utilities		0.7
Health Care Equipment & Supplies		1.6
Health Care Providers & Services		4.4
Household Products		3.2
Insurance		6.9
Interactive Media & Services		5.1
Internet & Direct Marketing Retail		1.4
Machinery		4.6
Media		4.1
Metals & Mining		3.4
Oil, Gas & Consumable Fuels		4.8
Road & Rail		1.5
Semiconductors & Semiconductor Equipment		3.7
Software		8.8
Tobacco		3.0
Short-Term Investments		7.8
Total Investments		100.2	%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 61.3%
Australia - 3.2%
Newcrest Mining Ltd.		4,036,076		76,711,503
Brazil - 5.2%
Wheaton Precious Metals Corp.		2,965,286		121,784,296
Canada - 34.3%
Agnico Eagle Mines Ltd.		1,217,341		84,983,015
Alamos Gold, Inc., Class A		9,110,996		73,101,716
B2Gold Corp.		17,612,461		87,046,533
Barrick Gold Corp.		6,871,570		153,717,021
Dundee Precious Metals, Inc.(a)		11,632,740		73,958,300
Franco-Nevada Corp.		427,322		50,904,368
Kinross Gold Corp.		2,275,478		15,882,836
Kirkland Lake Gold Ltd.		2,522,700		96,942,700
MAG Silver Corp.*		3,280,988		64,067,465
Novagold Resources, Inc.*		9,965,761		90,887,740
Orla Mining Ltd.*		3,995,382		17,246,928
				808,738,622
Mexico - 3.7%
Fresnillo plc		4,984,311		67,162,098
Industrias Penoles SAB de CV*		1,403,600		21,003,674
				88,165,772
Tanzania, United Republic of - 1.3%
AngloGold Ashanti Ltd., ADR		1,286,240		30,175,190
United States - 13.6%
Newmont Corp.		3,988,123		237,692,131
Royal Gold, Inc.		784,174		83,812,517
				321,504,648
TOTAL COMMON STOCKS (Cost $846,440,018)				1,447,080,031

Investments	Ounces		Value ($)
COMMODITIES - 24.6%
Gold bullion*		271,261	500,123,513
Silver bullion*		3,035,001	81,611,473
TOTAL COMMODITIES (Cost $401,673,556)			581,734,986

Investments	Number of Rights	Value ($)
RIGHTS - 0.2%
Canada - 0.2%
Pan American Silver Corp., CVR, expiring 2/22/2029*
(Cost $45,973,716)	6,835,667	5,263,464

Investments	Principal Amount ($)	Value ($)
SHORT-TERM INVESTMENTS - 13.6%
COMMERCIAL PAPER - 13.6%
Apple, Inc.
0.08%, 2/17/2021(b)(c)	35,506,000	35,504,258
CenterPoint Energy, Inc.
0.11%, 2/1/2021(c)	24,796,000	24,795,760
Dow Chemical Co. (The)
0.18%, 2/24/2021(c)	33,383,000	33,378,274
Emerson Electric Co.
0.11%, 2/23/2021(c)	3,857,000	3,856,740
Entergy Corp.
0.12%, 2/1/2021(b)(c)	23,246,000	23,245,793
Export Development Corp.
0.07%, 2/22/2021(c)	23,400,000	23,398,815
General Motors Financial Co., Inc.
0.30%, 2/1/2021(c)	30,065,000	30,064,188
Hitachi International Treasury Ltd.
0.11%, 2/1/2021(c)	18,318,000	18,317,802
Kreditanstalt fuer Wiederaufbau
0.11%, 2/23/2021(b)(c)	25,000,000	24,997,917
LVMH Moet Hennessy Louis Vuitton SE
0.17%, 2/12/2021(c)	18,212,000	18,211,363
Merck & Co., Inc.
0.08%, 2/10/2021(b)(c)	26,017,000	26,016,393
MetLife Short Term Funding LLC
0.15%, 2/8/2021(b)(c)	2,893,000	2,892,913
Mitsui & Co. USA, Inc.
0.14%, 2/1/2021(c)	15,497,000	15,496,819
Nederlandse Waterschapsbank NV
0.12%, 2/22/2021(b)(c)	32,230,000	32,227,443
Total Capital Canada Ltd.
0.18%, 3/8/2021(c)	8,302,000	8,301,027
TOTAL COMMERCIAL PAPER (Cost $320,708,812)		320,705,505

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0%(d)
JP Morgan U.S. Government Money Market Fund, Agency Shares 0.01% (e)  (Cost $11,375)		11,375		11,375
TOTAL SHORT-TERM INVESTMENTS (Cost $320,720,187)				320,716,880
Total Investments - 99.7%  (Cost $1,614,807,477)				2,354,795,361
Other assets less liabilities - 0.3%				6,259,638
Net Assets - 100.0%				2,361,054,999

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

*	Non-income producing security.
(a)	Affiliated company as defined under the Investment Company Act of 1940.
(b)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2021 amounted to $144,884,717, which represents approximately 6.14% of net assets of the Fund.
(c)	The rate shown was the current yield as of January 31, 2021.
(d)	Represents less than 0.05% of net assets.
(e)	Represents 7-day effective yield as of January 31, 2021.

Abbreviations
ADR	American Depositary Receipt
CVR	Contingent Value Rights

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Commodities		24.6	%
Metals & Mining		61.5
Short-Term Investments		13.6
Total Investments		99.7	%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2021 (unaudited)

Affiliated Securities

Security Description	Shares at January 31, 2021		Market Value October 31, 2020		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation/ (Depreciation)			Market Value January 31, 2021		Dividend Income
Common Stock — 3.1%
Canada — 3.1%
Dundee Precious Metals, Inc.		11,632,740	$	75,809,420	$	1,243,944	$	-	$	-	$	(3,095,064	)	$	73,958,300	$	294,641
Total Common Stock				75,809,420		1,243,944		-		-		(3,095,064	)		73,958,300		294,641
Total			$	75,809,420	$	1,243,944	$	-	$	-	$	(3,095,064	)	$	73,958,300	$	294,641

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 62.3%
Belgium - 2.2%
Groupe Bruxelles Lambert SA		277,053		27,406,143
Brazil - 1.2%
Ambev SA, ADR		3,604,077		10,055,375
Cielo SA*		454,929		341,733
Wheaton Precious Metals Corp.(a)		111,232		4,568,298
				14,965,406
Canada - 3.6%
Agnico Eagle Mines Ltd.		88,353		6,167,955
Franco-Nevada Corp.		38,495		4,585,684
Imperial Oil Ltd.		287,984		5,479,297
Nutrien Ltd.(a)		251,917		12,386,759
Power Corp. of Canada		692,979		16,132,930
				44,752,625
Chile - 1.3%
Cia Cervecerias Unidas SA, ADR		988,140		16,254,903
Quinenco SA		200,388		368,155
				16,623,058
France - 4.6%
Danone SA		394,081		26,205,861
Legrand SA		27,145		2,494,272
Sanofi		151,208		14,220,857
Sodexo SA*		136,670		12,160,342
Wendel SE		15,480		1,787,126
				56,868,458
Germany - 1.8%
Brenntag AG		81,151		6,356,807
FUCHS PETROLUB SE (Preference)		143,667		8,174,317
Henkel AG & Co. KGaA (Preference)		72,310		7,489,269
				22,020,393
Hong Kong - 5.1%
CK Asset Holdings Ltd.		2,196,000		10,956,983
Great Eagle Holdings Ltd.		1,749,774		5,223,078
Guoco Group Ltd.		204,700		2,486,551
Hongkong Land Holdings Ltd.		1,344,900		6,200,425
Hysan Development Co. Ltd.		1,193,083		4,326,702
Jardine Matheson Holdings Ltd.		505,700		29,147,144
Mandarin Oriental International Ltd.*		3,005,400		5,246,608
				63,587,491
Japan - 3.7%
FANUC Corp.		45,100		11,774,224
Komatsu Ltd.		153,000		4,192,124
Mitsubishi Electric Corp.		565,200		8,622,017
MS&AD Insurance Group Holdings, Inc.		24,300		699,144
Secom Co. Ltd.		148,400		13,446,386
Sompo Holdings, Inc.		162,600		6,492,996
USS Co. Ltd.		30,700		604,532
Yokogawa Electric Corp.		1,500		32,428
				45,863,851
Malaysia - 0.1%
British American Tobacco Malaysia Bhd.		338,800		1,095,290
Mexico - 0.9%
Fomento Economico Mexicano SAB de CV, ADR		88,911		6,050,393
Fresnillo plc		366,501		4,938,491
Grupo Mexico SAB de CV, Series B		37,296		159,817
				11,148,701
Netherlands - 0.4%
HAL Trust		38,287		5,445,001
Norway - 1.1%
Orkla ASA		1,384,485		13,458,134
Singapore - 0.5%
ComfortDelGro Corp. Ltd.		2,623,900		3,113,482
UOL Group Ltd.		666,500		3,658,748
				6,772,230
South Korea - 2.1%
Kia Motors Corp.		16,078		1,178,327
KT&G Corp.		268,019		19,175,851
Samsung Electronics Co. Ltd. (Preference)		91,052		5,938,175
				26,292,353
Spain - 0.2%
Zardoya Otis SA		366,424		2,411,320
Sweden - 2.0%
Industrivarden AB, Class C*		189,168		6,016,141
Investor AB, Class A		169,584		12,421,440
Svenska Handelsbanken AB, Class A*		630,573		6,286,180
				24,723,761
Switzerland - 3.8%
Cie Financiere Richemont SA (Registered)		195,516		18,160,325
Nestle SA (Registered)		256,690		28,774,073
				46,934,398
Taiwan - 0.5%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR(a)		49,810		6,052,911
Thailand - 0.9%
Bangkok Bank PCL, NVDR		1,644,800		6,211,292
Thai Beverage PCL		7,735,100		4,789,503
				11,000,795
Turkey - 0.4%
Coca-Cola Icecek A/S		466,883		4,712,058
United Kingdom - 8.2%
Berkeley Group Holdings plc		146,085		8,354,499

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
British American Tobacco plc		745,163		27,077,643
Diageo plc		109,223		4,384,997
GlaxoSmithKline plc		689,315		12,801,479
Great Portland Estates plc, REIT		91,890		818,500
Hiscox Ltd.*		600,597		7,660,605
Linde plc		22,140		5,406,116
Linde plc		21,286		5,223,584
Lloyds Banking Group plc*		9,349,373		4,195,366
Unilever plc		454,539		26,421,918
				102,344,707
United States - 17.7%
3M Co.(a)		14,600		2,564,636
American Express Co.(a)		34,581		4,020,387
Analog Devices, Inc.(a)		25,614		3,773,711
Anthem, Inc.(a)		31,144		9,249,145
Bank of New York Mellon Corp. (The)(a)		255,989		10,196,042
Becton Dickinson and Co.		3,767		986,163
Boston Properties, Inc., REIT		58,543		5,343,220
CH Robinson Worldwide, Inc.(a)		115,489		9,881,239
Colgate-Palmolive Co.(a)		255,488		19,928,064
Cummins, Inc.		9,924		2,326,384
Deere & Co.		19		5,487
Douglas Emmett, Inc., REIT		154,077		4,269,474
Equity Residential, REIT(a)		127,768		7,875,619
Exxon Mobil Corp.(a)		572,716		25,680,585
General Dynamics Corp.		7,297		1,070,324
Kraft Heinz Co. (The)(a)		188,824		6,327,492
Microsoft Corp.(a)		21,517		4,991,083
Oracle Corp.(a)		183,344		11,079,478
Philip Morris International, Inc.(a)		274,614		21,873,005
PPG Industries, Inc.(a)		13,417		1,807,404
Royal Gold, Inc.		46,901		5,012,779
Schlumberger NV(a)		448,673		9,965,027
Texas Instruments, Inc.(a)		62,488		10,353,637
Travelers Cos., Inc. (The)(a)		75,357		10,271,159
Truist Financial Corp.(a)		45,797		2,197,340
UGI Corp.		145,946		5,252,596
Union Pacific Corp.		11,663		2,303,093
US Bancorp(a)		135,381		5,801,076
Wells Fargo & Co.(a)		312,627		9,341,295
Weyerhaeuser Co., REIT(a)		206,931		6,454,178
				220,201,122
TOTAL COMMON STOCKS (Cost $704,731,469)				774,680,206

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 15.2%
Australia - 0.2%
Nufarm Australia Ltd.
5.75%, 4/30/2026(b)		2,633,000		2,712,200
Canada - 0.2%
Open Text Corp.
3.88%, 2/15/2028(b)		1,106,000		1,133,650
Open Text Holdings, Inc.
4.13%, 2/15/2030(b)		774,000		812,468
				1,946,118
Germany - 0.6%
Fresenius Medical Care US Finance, Inc.
5.75%, 2/15/2021(b)		2,494,000		2,498,516
IHO Verwaltungs GmbH
4.75%, (4.75% Cash or 5.50% PIK), 9/15/2026(b)(c)		3,879,000		4,014,765
6.00%, (6.00% Cash or 6.75% PIK), 5/15/2027(b)(c)		1,336,632		1,418,922
				7,932,203
Mexico - 0.7%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028(b)		8,252,000		8,433,544
Netherlands - 0.4%
NXP BV
4.63%, 6/1/2023(b)		4,400,000		4,799,825
Poland - 0.1%
CANPACK SA
3.13%, 11/1/2025(b)		420,000		426,825
2.38%, 11/1/2027(b)		601,000		750,312
				1,177,137
United Kingdom - 0.1%
Lloyds Banking Group plc
(US Treasury Yield Curve Rate T Note Constant Maturity 1 Year + 3.50%), 3.87%, 7/9/2025(d)		1,655,000		1,818,570
United States - 12.9%
AbbVie, Inc.
(ICE LIBOR USD 3 Month + 0.35%), 0.56%, 5/21/2021(d)		2,699,000		2,701,256
ACCO Brands Corp.
5.25%, 12/15/2024(b)		6,882,000		7,071,255
Aircastle Ltd.
5.50%, 2/15/2022		4,919,000		5,150,901
4.40%, 9/25/2023		984,000		1,055,295
American Tower Corp.
REIT, 2.40%, 3/15/2025		115,000		121,568
AMN Healthcare, Inc.
4.63%, 10/1/2027(b)		1,109,000		1,151,974
Andeavor Logistics LP
3.50%, 12/1/2022		111,000		111,152
Aramark Services, Inc.
5.00%, 4/1/2025(b)		1,541,000		1,582,915

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
4.75%, 6/1/2026		1,076,000		1,098,865
5.00%, 2/1/2028(b)		194,000		202,265
BWX Technologies, Inc.
5.38%, 7/15/2026(b)		704,000		728,027
Carnival Corp.
11.50%, 4/1/2023(b)		738,000		837,327
Centene Corp.
4.75%, 1/15/2025		5,199,000		5,333,914
4.25%, 12/15/2027		1,355,000		1,433,434
4.63%, 12/15/2029		684,000		758,354
3.38%, 2/15/2030		1,113,000		1,165,868
Charles River Laboratories International, Inc.
5.50%, 4/1/2026(b)		350,000		365,312
Charter Communications Operating LLC
4.91%, 7/23/2025		1,021,000		1,177,020
CITGO Petroleum Corp.
6.25%, 8/15/2022(b)		13,847,000		13,813,767
7.00%, 6/15/2025(b)		3,378,000		3,423,772
CommScope, Inc.
5.50%, 3/1/2024(b)		563,000		577,714
Conagra Brands, Inc.
9.75%, 3/1/2021		967,000		973,417
Crown Americas LLC
4.50%, 1/15/2023		3,626,000		3,802,767
CVS Health Corp.
(ICE LIBOR USD 3 Month + 0.72%), 0.95%, 3/9/2021(d)		963,000		963,706
DCP Midstream Operating LP
4.75%, 9/30/2021(b)		4,084,000		4,135,050
6.45%, 11/3/2036(b)		1,545,000		1,718,812
Dell International LLC
5.85%, 7/15/2025(b)		2,000,000		2,375,438
6.02%, 6/15/2026(b)		3,103,000		3,745,919
Delta Air Lines, Inc.
4.50%, 10/20/2025(b)		6,155,158		6,577,666
Energizer Holdings, Inc.
4.75%, 6/15/2028(b)		46,000		47,941
4.38%, 3/31/2029(b)		354,000		361,965
EW Scripps Co. (The)
5.13%, 5/15/2025(b)		3,870,000		3,947,400
Foot Locker, Inc.
8.50%, 1/15/2022		2,494,000		2,643,640
GameStop Corp.
10.00%, 3/15/2023(b)		658,000		687,199
HCA, Inc.
4.50%, 2/15/2027		1,085,000		1,259,171
Iron Mountain, Inc.
REIT, 5.25%, 7/15/2030(b)		7,522,000		7,973,320
REIT, 4.50%, 2/15/2031(b)		1,151,000		1,176,990
Lamb Weston Holdings, Inc.
4.63%, 11/1/2024(b)		4,015,000		4,182,827
4.88%, 11/1/2026(b)		803,000		833,112
Level 3 Financing, Inc.
3.75%, 7/15/2029(b)		128,000		128,705
Lumen Technologies, Inc.
Series S, 6.45%, 6/15/2021		1,331,000		1,352,629
Meredith Corp.
6.88%, 2/1/2026		1,716,000		1,735,133
Mileage Plus Holdings LLC
6.50%, 6/20/2027(b)		3,324,031		3,635,659
NortonLifeLock, Inc.
3.95%, 6/15/2022		1,020,000		1,037,850
Pilgrim’s Pride Corp.
5.75%, 3/15/2025(b)		3,300,000		3,374,580
5.88%, 9/30/2027(b)		3,343,000		3,557,621
Scripps Escrow II, Inc.
5.38%, 1/15/2031(b)		64,000		64,640
SEG Holding LLC
5.63%, 10/15/2028(b)		5,461,000		5,821,426
Spectrum Brands, Inc.
5.75%, 7/15/2025		1,520,000		1,566,816
Sprint Communications, Inc.
6.00%, 11/15/2022		1,800,000		1,934,190
Taylor Morrison Communities, Inc.
5.88%, 4/15/2023(b)		3,107,000		3,292,131
5.13%, 8/1/2030(b)		2,000,000		2,193,050
Teleflex, Inc.
4.63%, 11/15/2027		824,000		871,273
T-Mobile USA, Inc.
6.00%, 4/15/2024		2,698,000		2,727,624
Truist Financial Corp.
Series N, (5 Year US Treasury Rate + 3.00%), 4.80%, 9/1/2024(d)(e)		2,170,000		2,264,200
United Airlines Pass-Through Trust
Series 2020-1, Class B, 4.88%, 1/15/2026		1,648,000		1,680,960
Series 2020-1, Class A, 5.88%, 10/15/2027		4,044,795		4,517,686
Valvoline, Inc.
4.25%, 2/15/2030(b)		224,000		234,080
3.63%, 6/15/2031(b)		511,000		512,916
Vulcan Materials Co.
(ICE LIBOR USD 3 Month + 0.65%), 0.88%, 3/1/2021(d)		3,834,000		3,835,188
Wachovia Capital Trust III
(ICE LIBOR USD 3 Month + 0.93%, 5.57% Floor), 5.57%, 3/8/2021(d)(e)		6,773,000		6,790,474
WESCO Distribution, Inc.
5.38%, 6/15/2024		578,000		591,005
7.13%, 6/15/2025(b)		1,780,000		1,936,809
7.25%, 6/15/2028(b)		2,136,000		2,399,508
Western Digital Corp.

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
4.75%, 2/15/2026		4,523,000		5,005,468
				160,329,916
TOTAL CORPORATE BONDS (COST $180,179,344)				189,149,513

Investments	Ounces		Value ($)
COMMODITIES - 8.6%
Gold bullion*
(Cost $71,533,113)		57,789		106,544,816

Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 6.4%
U.S. Treasury Notes
1.13%, 6/30/2021		14,554,000		14,615,400
2.13%, 6/30/2022		14,139,200		14,541,836
1.63%, 12/15/2022		7,400,000		7,608,414
2.63%, 6/30/2023		12,267,700		13,002,324
2.63%, 12/31/2023		7,100,000		7,605,043
2.50%, 1/31/2024		8,788,900		9,397,600
1.75%, 6/30/2024		6,250,000		6,572,754
1.75%, 12/31/2024		6,133,000		6,481,095
				79,824,466
TOTAL U.S. TREASURY OBLIGATIONS (Cost $78,064,799)				79,824,466

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 1.7%
United States - 1.7%
Enterprise Products Partners LP(a)		618,646		12,515,209
Magellan Midstream Partners LP		193,935		8,622,350
TOTAL MASTER LIMITED PARTNERSHIPS (COST $20,135,116)				21,137,559

Investments	Shares		Value ($)
PREFERRED STOCKS - 1.4%
United States - 1.4%
Charles Schwab Corp. (The), Series C 6.00%, 03/05/21(e)		99,775		2,551,247
Charles Schwab Corp. (The), Series D 5.95%, 06/01/21(e)		46,239		1,194,816
General American Investors Co., Inc., Series B 5.95%, 03/05/21(e)		4,712		126,659
MetLife, Inc., Series A(ICE LIBOR USD 3 Month + 1.00%, 4.00% Floor),  4.00%, 03/05/21(d)(e)		67,936		1,737,803
Northern Trust Corp., Series E 4.70%, 01/01/25(e)		101,453		2,718,940
State Street Corp., Series G(ICE LIBOR USD 3 Month + 3.71%),  5.35%, 03/15/26(d)(e)		24,946		712,208
Truist Financial Corp., Series R 4.75%, 09/01/25(e)		124,350		3,256,726
US Bancorp, Series B(ICE LIBOR USD 3 Month + 0.60%),  3.50%, 03/05/21(d)(e)		90,050		2,166,603
US Bancorp, Series F(ICE LIBOR USD 3 Month + 4.47%),  6.50%, 01/15/22(d)(e)		110,325		2,888,309
TOTAL PREFERRED STOCKS (COST $16,841,052)				17,353,311

Investments	Shares		Value ($)
CLOSED END FUNDS - 0.8%
United Kingdom - 0.8%
Caledonia Investments plc (Cost $9,687,777)		275,700		10,244,132

Investments		Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 0.5%
Indonesia - 0.2%
Republic of Indonesia
8.38%, 3/15/2024	IDR		24,460,000,000		1,902,249
Mexico - 0.3%
Mex Bonos Desarr Fix Rt
8.00%, 12/7/2023	MXN		68,770,000		3,686,017
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost $5,628,394)					5,588,266

Investments	Principal Amount ($)		Value ($)
LOAN ASSIGNMENTS - 0.4%
United States - 0.4%
Osum Production Corp., 1st Lien Term Loan B-EXT
(ICE LIBOR USD 3 Month + 7.50%), 8.50%, 7/31/2022‡(d) (Cost $4,240,871)		4,276,406		4,169,495

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
CONVERTIBLE PREFERRED STOCKS - 0.2%
United States - 0.2%
Wells Fargo & Co.
Series L, $1000 par, 7.50%(e) (Cost $2,929,994)		2,000		2,888,000

Investments	Number of Warrants		Value ($)
WARRANTS - 0.0%(f)
Switzerland - 0.0%(f)
Cie Financiere Richemont SA, expiring 11/22/2023*
(Cost $–)		391,032		127,308

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 2.4%
COMMERCIAL PAPER - 2.4%
CenterPoint Energy, Inc.
0.11%, 2/1/2021(g)		6,628,000		6,627,936
Entergy Corp.
0.12%, 2/1/2021(b)(g)		6,214,000		6,213,945
General Motors Financial Co., Inc.
0.30%, 2/1/2021(g)		8,036,000		8,035,783
Hitachi International Treasury Ltd.
0.11%, 2/1/2021(g)		4,896,000		4,895,947
Mitsui & Co. USA, Inc.
0.14%, 2/1/2021(g)		4,142,000		4,141,952
TOTAL COMMERCIAL PAPER (Cost $29,916,000)				29,915,563

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0%(f)
JP Morgan U.S. Government Money Market Fund, Agency Shares 0.01% (h) (Cost $2,015)		2,015		2,015
TOTAL SHORT-TERM INVESTMENTS (Cost $29,918,015)				29,917,578
Total Investments - 99.9%  (Cost $1,123,889,944)				1,241,624,650
Other assets less liabilities - 0.1%				1,677,548
Net Assets - 100.0%				1,243,302,198

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	All or a portion of the security pledged as collateral for call options written.
(b)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2021 amounted to $127,884,064, which represents approximately 10.29% of net assets of the Fund.
(c)	Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
(d)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2021.
(e)	Perpetual security. The rate reflected was the rate in effect on January 31, 2021. The maturity date reflects the next call date.
(f)	Represents less than 0.05% of net assets.
(g)	The rate shown was the current yield as of January 31, 2021.
(h)	Represents 7-day effective yield as of January 31, 2021.

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2021
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	6,690,629	EUR	5,492,000	Goldman Sachs	5/19/2021	$	10,149
USD	3,524,145	EUR	2,886,000	JPMorgan Chase Bank	6/16/2021		11,428
Total unrealized appreciation							21,577
USD	3,708,203	EUR	3,125,000	HSBC Bank plc	2/17/2021		(85,312	)
USD	2,174,809	GBP	1,614,000	HSBC Bank plc	2/17/2021		(36,762	)
USD	405,705	GBP	297,000	HSBC Bank plc	2/17/2021		(1,257	)
USD	692,770	EUR	589,000	JPMorgan Chase Bank	3/17/2021		(22,697	)
USD	3,712,288	EUR	3,125,000	UBS AG	4/14/2021		(86,233	)
USD	2,806,935	GBP	2,055,000	UBS AG	4/14/2021		(9,860	)
USD	5,001,590	EUR	4,112,000	JPMorgan Chase Bank	7/14/2021		(6,472	)
Total unrealized depreciation							(248,593	)
Net unrealized depreciation						$	(227,016	)

Written Call Options Contracts as of January 31, 2021
Description	Counterparty	Number of Contracts		Notional Amount			Exercise Price			Expiration Date	Value ($)
3M Co.	Exchange Traded		71	USD	(1,247,186	)		USD	180.00	3/19/2021		(40,115	)
3M Co.	Exchange Traded		75	USD	(1,317,450	)		USD	185.00	2/19/2021		(11,475	)
American Express Co.	Exchange Traded		108	USD	(1,255,608	)		USD	140.00	3/19/2021		(8,640	)
American Express Co.	Exchange Traded		27	USD	(313,902	)		USD	160.00	3/19/2021		(1,350	)
American Express Co.	Exchange Traded		106	USD	(1,232,356	)		USD	160.00	4/16/2021		(2,968	)
Analog Devices, Inc.	Exchange Traded		93	USD	(1,370,169	)		USD	155.00	2/19/2021		(25,017	)
Anthem, Inc.	Exchange Traded		40	USD	(1,187,920	)		USD	350.00	3/19/2021		(5,000	)
Anthem, Inc.	Exchange Traded		40	USD	(1,187,920	)		USD	390.00	6/18/2021		(10,400	)
Anthem, Inc.	Exchange Traded		40	USD	(1,187,920	)		USD	420.00	6/18/2021		(5,100	)
Bank of New York Mellon Corp. (The)	Exchange Traded		336	USD	(1,338,288	)		USD	50.00	3/19/2021		(3,360	)
CH Robinson Worldwide, Inc.	Exchange Traded		146	USD	(1,249,176	)		USD	120.00	5/21/2021		(3,650	)
CH Robinson Worldwide, Inc.	Exchange Traded		133	USD	(1,137,948	)		USD	120.00	6/18/2021		(13,300	)
Colgate-Palmolive Co.	Exchange Traded		140	USD	(1,092,000	)		USD	90.00	2/19/2021		(980	)
Colgate-Palmolive Co.	Exchange Traded		143	USD	(1,115,400	)		USD	95.00	5/21/2021		(2,503	)
Colgate-Palmolive Co.	Exchange Traded		150	USD	(1,170,000	)		USD	100.00	5/21/2021		(1,950	)
Enterprise Products Partners LP	Exchange Traded		582	USD	(1,177,386	)		USD	25.00	6/18/2021		(24,444	)
Equity Residential	Exchange Traded		213	USD	(1,312,932	)		USD	75.00	4/16/2021		(11,183	)
Equity Residential	Exchange Traded		194	USD	(1,195,816	)		USD	75.00	7/16/2021		(25,220	)
Exxon Mobil Corp.	Exchange Traded		294	USD	(1,318,296	)		USD	60.00	2/19/2021		(1,764	)
Exxon Mobil Corp.	Exchange Traded		320	USD	(1,434,880	)		USD	60.00	3/19/2021		(6,080	)
Exxon Mobil Corp.	Exchange Traded		341	USD	(1,529,044	)		USD	60.00	4/16/2021		(11,253	)
Exxon Mobil Corp.	Exchange Traded		627	USD	(2,811,468	)		USD	60.00	5/21/2021		(35,739	)
Exxon Mobil Corp.	Exchange Traded		320	USD	(1,434,880	)		USD	65.00	5/21/2021		(9,920	)
Exxon Mobil Corp.	Exchange Traded		320	USD	(1,434,880	)		USD	65.00	6/18/2021		(13,440	)
Kraft Heinz Co. (The)	Exchange Traded		400	USD	(1,340,400	)		USD	40.00	4/16/2021		(11,200	)
Microsoft Corp.	Exchange Traded		54	USD	(1,252,584	)		USD	275.00	4/16/2021		(11,880	)
Microsoft Corp.	Exchange Traded		54	USD	(1,252,584	)		USD	275.00	6/18/2021		(29,970	)
Nutrien Ltd.	Exchange Traded		282	USD	(1,386,594	)		USD	55.00	3/19/2021		(23,406	)
Nutrien Ltd.	Exchange Traded		255	USD	(1,253,835	)		USD	60.00	3/19/2021		(5,610	)
Nutrien Ltd.	Exchange Traded		255	USD	(1,253,835	)		USD	60.00	6/18/2021		(25,500	)
Oracle Corp.	Exchange Traded		205	USD	(1,238,815	)		USD	75.00	2/19/2021		(1,435	)
Oracle Corp.	Exchange Traded		228	USD	(1,377,804	)		USD	75.00	3/19/2021		(5,130	)

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Description	Counterparty	Number of Contracts		Notional Amount			Exercise Price			Expiration Date	Value ($)
Oracle Corp.	Exchange Traded		207	USD	(1,250,901	)		USD	75.00	6/18/2021		(16,767	)
Oracle Corp.	Exchange Traded		207	USD	(1,250,901	)		USD	75.00	9/17/2021		(31,050	)
Philip Morris International, Inc.	Exchange Traded		172	USD	(1,369,980	)		USD	90.00	3/19/2021		(8,256	)
Philip Morris International, Inc.	Exchange Traded		155	USD	(1,234,575	)		USD	95.00	2/19/2021		(775	)
Philip Morris International, Inc.	Exchange Traded		155	USD	(1,234,575	)		USD	100.00	3/19/2021		(1,394	)
Philip Morris International, Inc.	Exchange Traded		155	USD	(1,234,575	)		USD	100.00	6/18/2021		(6,200	)
PPG Industries, Inc.	Exchange Traded		88	USD	(1,185,448	)		USD	165.00	5/21/2021		(6,380	)
Schlumberger NV	Exchange Traded		775	USD	(1,721,275	)		USD	25.00	3/19/2021		(68,975	)
Schlumberger NV	Exchange Traded		717	USD	(1,592,457	)		USD	27.50	2/19/2021		(8,604	)
Schlumberger NV	Exchange Traded		558	USD	(1,239,318	)		USD	30.00	2/19/2021		(3,906	)
Schlumberger NV	Exchange Traded		558	USD	(1,239,318	)		USD	30.00	3/19/2021		(13,392	)
Schlumberger NV	Exchange Traded		519	USD	(1,152,699	)		USD	30.00	5/21/2021		(36,330	)
Taiwan Semiconductor Manufacturing Co. Ltd.	Exchange Traded		143	USD	(1,737,736	)		USD	130.00	2/19/2021		(38,610	)
Texas Instruments, Inc.	Exchange Traded		84	USD	(1,391,796	)		USD	180.00	3/19/2021		(20,916	)
Texas Instruments, Inc.	Exchange Traded		77	USD	(1,275,813	)		USD	185.00	3/19/2021		(12,397	)
Texas Instruments, Inc.	Exchange Traded		79	USD	(1,308,951	)		USD	195.00	3/19/2021		(5,530	)
Texas Instruments, Inc.	Exchange Traded		79	USD	(1,308,951	)		USD	195.00	4/16/2021		(10,665	)
Travelers Cos., Inc. (The)	Exchange Traded		98	USD	(1,335,740	)		USD	150.00	2/19/2021		(4,116	)
Travelers Cos., Inc. (The)	Exchange Traded		186	USD	(2,535,180	)		USD	150.00	4/16/2021		(40,920	)
Travelers Cos., Inc. (The)	Exchange Traded		96	USD	(1,308,480	)		USD	150.00	7/16/2021		(43,200	)
Truist Financial Corp.	Exchange Traded		225	USD	(1,079,550	)		USD	52.50	2/19/2021		(6,750	)
Truist Financial Corp.	Exchange Traded		225	USD	(1,079,550	)		USD	52.50	3/19/2021		(20,025	)
US Bancorp	Exchange Traded		346	USD	(1,482,610	)		USD	50.00	3/19/2021		(11,072	)
Wells Fargo & Co.	Exchange Traded		465	USD	(1,389,420	)		USD	40.00	3/19/2021		(5,580	)
Wells Fargo & Co.	Exchange Traded		449	USD	(1,341,612	)		USD	45.00	5/21/2021		(6,735	)
Wells Fargo & Co.	Exchange Traded		449	USD	(1,341,612	)		USD	45.00	6/18/2021		(11,674	)
Weyerhaeuser Co.	Exchange Traded		415	USD	(1,294,385	)		USD	32.00	4/16/2021		(78,850	)
Weyerhaeuser Co.	Exchange Traded		397	USD	(1,238,243	)		USD	37.00	2/19/2021		(3,970	)
Weyerhaeuser Co.	Exchange Traded		397	USD	(1,238,243	)		USD	37.00	7/16/2021		(41,685	)
Wheaton Precious Metals Corp.	Exchange Traded		250	USD	(1,026,750	)		USD	65.00	3/19/2021		(3,750	)
Total Written Options Contracts (Premiums Received ($1,179,372))												(957,456	)

Abbreviations
ADR	American Depositary Receipt
EUR	Euro
Fix Rt	Fixed Rate
GBP	British Pound
ICE	Intercontinental Exchange
IDR	Indonesian Rupiah
LIBOR	London Interbank Offered Rate
MXN	Mexican Peso
NVDR	Non-Voting Depositary Receipt
Preference	A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.
REIT	Real Estate Investment Trust
USD	United States Dollar

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2021 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.2	%
Air Freight & Logistics		0.8
Airlines		1.3
Auto Components		0.4
Automobiles		0.1
Banks		4.5
Beverages		3.8
Biotechnology		0.2
Capital Markets		1.4
Chemicals		2.9
Closed-ended Funds		0.0	*
Commercial Services & Supplies		1.9
Commodities		8.6
Communications Equipment		0.0	*
Construction Materials		0.3
Consumer Finance		0.3
Containers & Packaging		0.4
Diversified Financial Services		5.8
Diversified Telecommunication Services		0.1
Electrical Equipment		0.9
Electronic Equipment, Instruments & Components		0.0	*
Energy Equipment & Services		0.8
Equity Real Estate Investment Trusts (REITs)		2.7
Food & Staples Retailing		0.5
Food Products		7.1
Foreign Government Securities		0.5
Gas Utilities		0.4
Health Care Equipment & Supplies		0.1
Health Care Providers & Services		1.8
Hotels, Restaurants & Leisure		1.5
Household Durables		1.1
Household Products		2.4
Industrial Conglomerates		2.8
Insurance		3.5
IT Services		0.0	*
Life Sciences Tools & Services		0.0	*
Machinery		1.7
Media		0.6
Metals & Mining		2.0
Oil, Gas & Consumable Fuels		6.4
Personal Products		2.1
Pharmaceuticals		2.2
Professional Services		0.1
Real Estate Management & Development		2.4
Road & Rail		0.4
Semiconductors & Semiconductor Equipment		2.0
Software		1.5
Specialty Retail		0.3
Technology Hardware, Storage & Peripherals		1.4
Textiles, Apparel & Luxury Goods		1.5
Tobacco		5.6
Trading Companies & Distributors		1.4
U.S. Treasury Obligations		6.4
Wireless Telecommunication Services		0.4
Short-Term Investments		2.4
Total Investments		99.9	%

* Less than 0.05%

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 86.2%
Australia - 0.7%
Nufarm Australia Ltd.
5.75%, 4/30/2026(a)		1,721,000		1,772,768
Canada - 5.8%
Clearwater Seafoods, Inc.
6.88%, 5/1/2025(a)		2,516,000		2,646,832
GFL Environmental, Inc.
4.00%, 8/1/2028(a)		617,000		610,830
Kinross Gold Corp.
4.50%, 7/15/2027		1,868,000		2,163,415
Kronos Acquisition Holdings, Inc.
7.00%, 12/31/2027(a)		932,000		952,970
MEG Energy Corp.
5.88%, 2/1/2029(a)		155,000		153,837
Open Text Corp.
5.88%, 6/1/2026(a)		94,000		97,741
3.88%, 2/15/2028(a)		2,190,000		2,244,750
Precision Drilling Corp.
7.75%, 12/15/2023		2,688,000		2,677,920
Ritchie Bros Auctioneers, Inc.
5.38%, 1/15/2025(a)		634,000		652,227
Taseko Mines Ltd.
7.00%, 2/15/2026(a)		2,170,000		2,161,863
				14,362,385
Colombia - 0.1%
Millicom International Cellular SA
4.50%, 4/27/2031(a)		300,000		318,000
Germany - 3.6%
Cheplapharm Arzneimittel GmbH
5.50%, 1/15/2028(a)		2,140,000		2,201,525
IHO Verwaltungs GmbH
4.75%, (4.75% Cash or 5.50% PIK), 9/15/2026(a)(b)		3,730,000		3,860,550
6.00%, (6.00% Cash or 6.75% PIK), 5/15/2027(a)(b)		1,280,244		1,359,062
Mercer International, Inc.
5.13%, 2/1/2029(a)		1,395,000		1,419,413
				8,840,550
Mexico - 1.0%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028(a)		2,510,000		2,565,220
Poland - 0.1%
CANPACK SA
3.13%, 11/1/2025(a)		200,000		203,250
2.38%, 11/1/2027(a)		112,000		139,825
				343,075
Singapore - 0.4%
Avation Capital SA
6.50%, 5/15/2021(a)		1,216,000		893,760
United Kingdom - 1.6%
EnQuest plc
7.00%, 10/15/2023(b)(c)		5,247,885		3,935,914
United States - 72.9%
ACCO Brands Corp.
5.25%, 12/15/2024(a)		3,948,000		4,056,570
Adient US LLC
9.00%, 4/15/2025(a)		439,000		491,131
AMN Healthcare, Inc.
4.63%, 10/1/2027(a)		1,036,000		1,076,145
4.00%, 4/15/2029(a)		1,609,000		1,643,191
Antero Midstream Partners LP
7.88%, 5/15/2026(a)		615,000		658,127
Antero Resources Corp.
5.63%, 6/1/2023		6,341,000		6,269,664
8.38%, 7/15/2026(a)		932,000		983,458
Aramark Services, Inc.
5.00%, 4/1/2025(a)		623,000		639,946
6.38%, 5/1/2025(a)		1,163,000		1,236,385
4.75%, 6/1/2026		1,556,000		1,589,065
5.00%, 2/1/2028(a)		57,000		59,428
B&G Foods, Inc.
5.25%, 4/1/2025		1,152,000		1,183,104
Ball Corp.
5.00%, 3/15/2022		1,163,000		1,214,405
Boyd Gaming Corp.
8.63%, 6/1/2025(a)		726,000		802,230
4.75%, 12/1/2027		872,000		893,647
BWX Technologies, Inc.
5.38%, 7/15/2026(a)		168,000		173,734
4.13%, 6/30/2028(a)		1,000,000		1,045,000
California Resources Corp.
7.13%, 2/1/2026(a)		155,000		153,644
Carnival Corp.
11.50%, 4/1/2023(a)		1,156,000		1,311,586
Centene Corp.
5.38%, 6/1/2026(a)		400,000		418,380
5.38%, 8/15/2026(a)		279,000		292,601
4.25%, 12/15/2027		2,641,000		2,793,874
4.63%, 12/15/2029		1,228,000		1,361,490
3.38%, 2/15/2030		190,000		199,025
Charles River Laboratories International, Inc.
5.50%, 4/1/2026(a)		306,000		319,387
4.25%, 5/1/2028(a)		632,000		665,180
Cinemark USA, Inc.
8.75%, 5/1/2025(a)		1,127,000		1,210,454
CITGO Petroleum Corp.
6.25%, 8/15/2022(a)		2,403,000		2,397,233
7.00%, 6/15/2025(a)		3,435,000		3,481,544
Clearwater Paper Corp.
4.75%, 8/15/2028(a)		305,000		315,583
CommScope, Inc.

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
5.50%, 3/1/2024(a)		2,250,000		2,308,804
Conagra Brands, Inc.
9.75%, 3/1/2021		2,345,000		2,360,561
Crestwood Midstream Partners LP
6.25%, 4/1/2023(d)		873,000		877,452
6.00%, 2/1/2029(a)		1,868,000		1,799,510
Crown Americas LLC
4.50%, 1/15/2023		3,692,000		3,871,985
4.75%, 2/1/2026		1,844,000		1,913,242
Dana, Inc.
5.38%, 11/15/2027		1,255,000		1,320,887
DaVita, Inc.
4.63%, 6/1/2030(a)		580,000		609,185
3.75%, 2/15/2031(a)		1,529,000		1,516,577
DCP Midstream Operating LP
4.75%, 9/30/2021(a)		5,186,000		5,250,825
Dell International LLC
7.13%, 6/15/2024(a)		4,740,000		4,922,964
Delta Air Lines, Inc.
4.50%, 10/20/2025(a)		1,122,845		1,199,920
7.38%, 1/15/2026		1,528,000		1,755,408
Energizer Holdings, Inc.
4.75%, 6/15/2028(a)		8,000		8,338
4.38%, 3/31/2029(a)		63,000		64,417
EW Scripps Co. (The)
5.13%, 5/15/2025(a)		1,578,000		1,609,560
Fair Isaac Corp.
4.00%, 6/15/2028(a)		1,669,000		1,721,073
FirstCash, Inc.
4.63%, 9/1/2028(a)		1,521,000		1,576,593
Ford Motor Co.
8.50%, 4/21/2023		1,169,000		1,309,864
Ford Motor Credit Co. LLC
5.88%, 8/2/2021		2,260,000		2,302,375
Frontier Communications Corp.
5.88%, 10/15/2027(a)		914,000		982,276
6.75%, 5/1/2029(a)		308,000		323,500
GameStop Corp.
10.00%, 3/15/2023(a)		1,342,000		1,401,551
Genesis Energy LP
8.00%, 1/15/2027		155,000		147,296
G-III Apparel Group Ltd.
7.88%, 8/15/2025(a)		1,821,000		1,993,995
GLP Capital LP
REIT, 5.25%, 6/1/2025		3,627,000		4,110,624
Hawaiian Brand Intellectual Property Ltd.
5.75%, 1/20/2026(a)		1,240,000		1,289,600
HCA, Inc.
5.88%, 5/1/2023		1,470,000		1,604,138
3.50%, 9/1/2030		607,000		630,436
Hill-Rom Holdings, Inc.
5.00%, 2/15/2025(a)		2,720,000		2,798,200
4.38%, 9/15/2027(a)		306,000		317,858
Howard Hughes Corp. (The)
4.38%, 2/1/2031(a)		62,000		61,870
Interface, Inc.
5.50%, 12/1/2028(a)		1,294,000		1,368,405
International Game Technology plc
5.25%, 1/15/2029(a)		967,000		1,032,273
IQVIA, Inc.
5.00%, 10/15/2026(a)		800,000		831,000
5.00%, 5/15/2027(a)		1,075,000		1,131,844
Iron Mountain, Inc.
REIT, 5.25%, 7/15/2030(a)		1,303,000		1,381,180
REIT, 4.50%, 2/15/2031(a)		940,000		961,225
J2 Global, Inc.
4.63%, 10/15/2030(a)		1,827,000		1,909,215
JBS USA LUX SA
6.75%, 2/15/2028(a)		1,993,000		2,199,774
Kaiser Aluminum Corp.
6.50%, 5/1/2025(a)		292,000		311,710
4.63%, 3/1/2028(a)		1,312,000		1,353,354
Koppers, Inc.
6.00%, 2/15/2025(a)		1,389,000		1,427,198
Lamb Weston Holdings, Inc.
4.63%, 11/1/2024(a)		1,939,000		2,020,050
4.88%, 11/1/2026(a)		388,000		402,550
4.88%, 5/15/2028(a)		581,000		643,283
Level 3 Financing, Inc.
4.25%, 7/1/2028(a)		589,000		603,554
3.75%, 7/15/2029(a)		24,000		24,132
Lumen Technologies, Inc.
Series S, 6.45%, 6/15/2021		1,984,000		2,016,240
Macy’s Retail Holdings LLC
3.88%, 1/15/2022		933,000		932,244
3.63%, 6/1/2024		1,321,000		1,284,673
Meredith Corp.
6.88%, 2/1/2026		3,382,000		3,419,709
MGIC Investment Corp.
5.75%, 8/15/2023		470,000		508,775
5.25%, 8/15/2028		612,000		654,840
Mileage Plus Holdings LLC
6.50%, 6/20/2027(a)		592,428		647,968
Moog, Inc.
4.25%, 12/15/2027(a)		155,000		160,813
NortonLifeLock, Inc.
3.95%, 6/15/2022		459,000		467,033
Pilgrim’s Pride Corp.
5.75%, 3/15/2025(a)		1,021,000		1,044,074
5.88%, 9/30/2027(a)		638,000		678,960
Post Holdings, Inc.
4.63%, 4/15/2030(a)		1,826,000		1,892,594
Powdr Corp.
6.00%, 8/1/2025(a)		152,000		159,220
Qwest Corp.
6.75%, 12/1/2021		3,947,000		4,136,061
Radian Group, Inc.
4.50%, 10/1/2024		645,000		675,638
Royal Caribbean Cruises Ltd.
10.88%, 6/1/2023(a)		1,163,000		1,311,283
RP Escrow Issuer LLC
5.25%, 12/15/2025(a)		620,000		643,250
SBA Communications Corp.
REIT, 4.88%, 9/1/2024		2,928,000		3,005,914

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Principal Amount ($)		Value ($)
REIT, 3.88%, 2/15/2027		609,000		635,985
REIT, 3.13%, 2/1/2029(a)		1,242,000		1,238,895
Scripps Escrow II, Inc.
5.38%, 1/15/2031(a)		2,452,000		2,476,520
Sealed Air Corp.
4.88%, 12/1/2022(a)		4,173,000		4,371,218
4.00%, 12/1/2027(a)		1,252,000		1,330,250
SEG Holding LLC
5.63%, 10/15/2028(a)		3,198,000		3,409,068
Sensata Technologies, Inc.
3.75%, 2/15/2031(a)		1,221,000		1,253,100
Shea Homes LP
4.75%, 2/15/2028(a)		1,668,000		1,709,700
Silversea Cruise Finance Ltd.
7.25%, 2/1/2025(a)		1,488,000		1,536,360
Spectrum Brands, Inc.
5.75%, 7/15/2025		2,968,000		3,059,414
Sprint Communications, Inc.
6.00%, 11/15/2022		1,026,000		1,102,488
Taylor Morrison Communities, Inc.
5.88%, 4/15/2023(a)		3,228,000		3,420,340
5.75%, 1/15/2028(a)		918,000		1,035,045
Teleflex, Inc.
4.63%, 11/15/2027		1,005,000		1,062,657
4.25%, 6/1/2028(a)		58,000		60,961
T-Mobile USA, Inc.
6.00%, 4/15/2024		973,000		983,684
United Airlines Pass-Through Trust
Series 2020-1, Class B, 4.88%, 1/15/2026		321,000		327,420
Series 2020-1, Class A, 5.88%, 10/15/2027		759,192		847,952
United Natural Foods, Inc.
6.75%, 10/15/2028(a)		1,530,000		1,617,975
Valvoline, Inc.
3.63%, 6/15/2031(a)		2,555,000		2,564,581
VICI Properties LP
REIT, 4.25%, 12/1/2026(a)		245,000		253,416
REIT, 3.75%, 2/15/2027(a)		305,000		309,956
REIT, 4.13%, 8/15/2030(a)		305,000		317,392
WESCO Distribution, Inc.
7.13%, 6/15/2025(a)		1,542,000		1,677,843
7.25%, 6/15/2028(a)		1,850,000		2,078,225
Western Digital Corp.
4.75%, 2/15/2026		1,850,000		2,047,340
White Cap Parent LLC
8.25%, 3/15/2026(a)(b)		310,000		313,488
WW International, Inc.
8.63%, 12/1/2025(a)		3,520,000		3,664,918
Wyndham Hotels & Resorts, Inc.
4.38%, 8/15/2028(a)		1,222,000		1,234,220
Yum! Brands, Inc.
7.75%, 4/1/2025(a)		797,000		874,795
				180,951,337
TOTAL CORPORATE BONDS (COST $206,416,337)				213,983,009

Investments	Shares		Value ($)
COMMON STOCKS - 6.9%
United States - 6.9%
Southeastern Grocers, Inc.*‡(e) (Cost $7,050,606)		1,002,366		17,086,331

Investments	Principal Amount ($)		Value ($)
LOAN ASSIGNMENTS - 2.9%
United States - 2.9%
BJ’s Wholesale Club, Inc., 1st Lien Term Loan B
(ICE LIBOR USD 1 Month + 2.00%), 2.13%, 2/3/2024(f)		1,906,987		1,907,788
Osum Production Corp., 1st Lien Term Loan B-EXT
(ICE LIBOR USD 3 Month + 7.50%), 8.50%, 7/31/2022‡(f)		5,332,313		5,199,006
				7,106,794
TOTAL LOAN ASSIGNMENTS (COST $7,161,567)				7,106,794

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 4.8%
COMMERCIAL PAPER - 4.8%
CenterPoint Energy, Inc.
0.11%, 2/1/2021(g)		2,657,000	2,656,974
Entergy Corp.
0.12%, 2/1/2021(a)(g)		2,491,000	2,490,978
General Motors Financial Co., Inc.
0.30%, 2/1/2021(g)		3,222,000	3,221,913
Hitachi International Treasury Ltd.
0.11%, 2/1/2021(g)		1,963,000	1,962,979
Mitsui & Co. USA, Inc.
0.14%, 2/1/2021(g)		1,661,000	1,660,980
TOTAL COMMERCIAL PAPER (Cost $11,994,000)			11,993,824

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0%(h)
JP Morgan U.S. Government Money Market Fund, Agency Shares 0.01% (i) (Cost $629)		629		629
TOTAL SHORT-TERM INVESTMENTS (Cost $11,994,629)				11,994,453

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares	Value ($)
Total Investments - 100.8%  (Cost $232,623,139)			250,170,587
Liabilities in excess of other assets - (0.8)%			(1,906,998	)
Net Assets - 100.0%			248,263,589

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2021 amounted to $142,820,129, which represents approximately 57.53% of net assets of the Fund.
(b)	Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
(c)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(d)	Step bond. Interest rate is a fixed rate for an initial period that either resets at a specific date or may reset in the future at a contingent upon predetermined trigger. The interest rate shown was the current rate as of January 31, 2021.
(e)	Security fair valued as of January 31, 2021 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2021 amounted to $17,086,331, which represents approximately 6.88% of net assets of the Fund.
(f)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2021.
(g)	The rate shown was the current yield as of January 31, 2021.
(h)	Represents less than 0.05% of net assets.
(i)	Represents 7-day effective yield as of January 31, 2021.

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2021
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	129,380	EUR	110,000	JPMorgan Chase Bank	3/17/2021	$	(4,239	)
Net unrealized depreciation						$	(4,239	)

Abbreviations
EUR	Euro
ICE	Intercontinental Exchange
LIBOR	London Interbank Offered Rate
REIT	Real Estate Investment Trust
USD	United States Dollar

See Notes to Schedule of Investments. (Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2021 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.6	%
Airlines		2.4
Auto Components		2.8
Automobiles		0.5
Chemicals		2.3
Commercial Services & Supplies		4.1
Communications Equipment		0.9
Consumer Finance		1.9
Containers & Packaging		5.3
Diversified Consumer Services		1.5
Diversified Financial Services		1.0
Diversified Telecommunication Services		3.3
Electronic Equipment, Instruments & Components		0.5
Energy Equipment & Services		1.1
Entertainment		0.5
Equity Real Estate Investment Trusts (REITs)		4.9
Food & Staples Retailing		8.9
Food Products		6.1
Health Care Equipment & Supplies		1.7
Health Care Providers & Services		4.1
Health Care Technology		0.8
Hotels, Restaurants & Leisure		3.7
Household Durables		2.5
Household Products		1.6
Life Sciences Tools & Services		0.4
Media		3.0
Metals & Mining		2.4
Multiline Retail		0.9
Oil, Gas & Consumable Fuels		12.7
Paper & Forest Products		0.7
Pharmaceuticals		0.9
Professional Services		1.1
Real Estate Management & Development		0.0	*
Retail - Consumer Staples		0.8
Software		2.6
Specialty Retail		0.7
Technology Hardware, Storage & Peripherals		2.8
Textiles, Apparel & Luxury Goods		0.8
Thrifts & Mortgage Finance		0.7
Trading Companies & Distributors		1.5
Wireless Telecommunication Services		1.0
Short-Term Investments		4.8
Total Investments		100.8	%

* Less than 0.05%

See Notes to Schedule of Investments. (Continued)

First Eagle Fund of America
Schedule of Investments
January 31, 2021 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 98.7%
Air Freight & Logistics - 1.8%
Expeditors International of Washington, Inc.		108,280		9,693,225
Beverages - 5.9%
Diageo plc (United Kingdom)		199,652		8,015,467
PepsiCo, Inc.		174,249		23,797,186
				31,812,653
Capital Markets - 1.1%
S&P Global, Inc.		17,619		5,585,223
Chemicals - 3.1%
Linde plc (United Kingdom)		23,269		5,710,213
Sherwin-Williams Co. (The)		15,855		10,968,489
				16,678,702
Electronic Equipment, Instruments & Components - 3.2%
TE Connectivity Ltd.		140,752		16,946,541
Food Products - 2.5%
Nestle SA (Registered) (Switzerland)		121,034		13,567,498
Health Care Equipment & Supplies - 7.3%
Becton Dickinson and Co.		53,089		13,898,169
Medtronic plc		226,999		25,271,799
				39,169,968
Health Care Providers & Services - 6.7%
UnitedHealth Group, Inc.		107,250		35,776,455
Hotels, Restaurants & Leisure - 2.0%
Starbucks Corp.		111,909		10,833,910
Household Products - 4.3%
Colgate-Palmolive Co.		294,487		22,969,986
Interactive Media & Services - 13.2%
Alphabet, Inc., Class A*		20,259		37,020,486
Facebook, Inc., Class A*		129,632		33,487,835
				70,508,321
Internet & Direct Marketing Retail - 0.7%
Booking Holdings, Inc.*		1,800		3,499,794
IT Services - 3.4%
Accenture plc, Class A		15,717		3,802,257
Visa, Inc., Class A		74,904		14,475,198
				18,277,455
Media - 6.4%
Comcast Corp., Class A		690,093		34,207,910
Personal Products - 2.2%
Unilever plc (United Kingdom)		204,865		11,908,607
Semiconductors & Semiconductor Equipment - 17.4%
Analog Devices, Inc.		173,884		25,618,330
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan)		358,138		43,520,930
Texas Instruments, Inc.		144,406		23,926,630
				93,065,890
Software - 10.0%
Microsoft Corp.		53,878		12,497,541
Oracle Corp.		512,543		30,972,973
salesforce.com, Inc.*		45,673		10,302,002
				53,772,516
Specialty Retail - 7.5%
Home Depot, Inc. (The)		43,467		11,771,733
Ross Stores, Inc.		256,167		28,508,825
				40,280,558
TOTAL COMMON STOCKS (Cost $474,545,412)				528,555,212

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 1.6%
COMMERCIAL PAPER - 1.6%
CenterPoint Energy, Inc.
0.11%, 2/1/2021(a)		1,884,000		1,883,982
Entergy Corp.
0.12%, 2/1/2021(a)(b)		1,766,000		1,765,984
General Motors Financial Co., Inc.
0.30%, 2/1/2021(a)		2,284,000		2,283,938
Hitachi International Treasury Ltd. (Japan)
0.11%, 2/1/2021(a)		1,392,000		1,391,985
Mitsui & Co. USA, Inc.
0.14%, 2/1/2021(a)		1,177,000		1,176,986
TOTAL COMMERCIAL PAPER (Cost $8,503,000)				8,502,875

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0%(c)
JP Morgan U.S. Government Money Market Fund, Agency Shares, 0.01%(d)
(Cost $1,311)		1,311		1,311
TOTAL SHORT-TERM INVESTMENTS (Cost $8,504,311)				8,504,186
Total Investments - 100.3%  (Cost $483,049,723)				537,059,398
Liabilities in excess of other assets - (0.3%)				(1,539,736	)
Net Assets - 100.0%				535,519,662

* Non-income producing security.

See Notes to Schedule of Investments. (Continued)

First Eagle Fund of America
Schedule of Investments
January 31, 2021 (unaudited)

(a)	The rate shown was the current yield as of January 31, 2021.
(b)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2021 amounted to $1,765,984, which represents approximately 0.33% of net assets of the Fund.
(c)	Represents less than 0.05% of net assets.
(d)	Represents 7-day effective yield as of January 31, 2021.

Abbreviations
ADR	American Depositary Receipt

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Air Freight & Logistics		1.8	%
Beverages		5.9
Capital Markets		1.1
Chemicals		3.1
Electronic Equipment, Instruments & Components		3.2
Food Products		2.5
Health Care Equipment & Supplies		7.3
Health Care Providers & Services		6.7
Hotels, Restaurants & Leisure		2.0
Household Products		4.3
Interactive Media & Services		13.2
Internet & Direct Marketing Retail		0.7
IT Services		3.4
Media		6.4
Personal Products		2.2
Semiconductors & Semiconductor Equipment		17.4
Software		10.0
Specialty Retail		7.5
Short-Term Investments		1.6
Total Investments		100.3	%

See Notes to Schedule of Investments. (Continued)

FIRST EAGLE FUNDS

NOTES TO SCHEDULES OF INVESTMENTS (unaudited)

First Eagle Funds (the “Trust”), is an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”). The Trust consists of seven separate portfolios, First Eagle Global Fund, First Eagle Overseas Fund, First Eagle U.S. Value Fund, First Eagle Gold Fund, First Eagle Global Income Builder Fund, First Eagle High Income Fund and First Eagle Fund of America (each individually a “Fund” or collectively the “Funds”). All the Funds are diversified mutual funds except for First Eagle Gold Fund and First Eagle Fund of America, which are non-diversified. The Trust is a Delaware statutory trust. The First Eagle Global Fund seeks long-term growth of capital by investing in a range of asset classes from markets in the United States and throughout the world. The First Eagle Overseas Fund seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations. The First Eagle U.S. Value Fund seeks long-term growth of capital by investing, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity and debt securities. The First Eagle Gold Fund seeks to provide investors the opportunity to participate in the investment characteristics of gold (and to a limited extent other precious metals) for a portion of their overall investment portfolio. The First Eagle Global Income Builder Fund seeks current income generation and long-term growth of capital. The First Eagle High Income Fund seeks to provide investors with a high level of current income. The First Eagle Fund of America seeks capital appreciation and current income by investing primarily in domestic stocks and, to a lesser extent, in debt and foreign equity instruments.

The Funds offer seven share classes, Class A shares, Class C shares, Class I shares, Class R3 shares, Class R4 shares, Class R5 shares and Class R6 shares. Additionally, First Eagle Fund of America also offers Class Y shares.

Class Y shares on First Eagle Fund of America are closed to new investors, subject to certain limited exceptions. Additional information can be found in the Fund’s prospectus.

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

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

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

The First Eagle Global Cayman Fund, Ltd., established on October 18, 2013, is an exempted company under the laws of the Cayman Islands. The consolidated financial statements include the accounts of the First Eagle Global Fund and the First Eagle Global Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2021, the First Eagle Global Cayman Fund, Ltd. has $ $4,690,283,936 in net assets, representing 10.44% of the Global Fund’s net assets.

The First Eagle Overseas Cayman Fund, Ltd., established on October 18, 2013, is an exempted company under the laws of the Cayman Islands. The consolidated financial statements include the accounts of the First Eagle Overseas Fund and the First Eagle Overseas Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2021, the First Eagle Overseas Cayman Fund, Ltd. has $1,173,984,656 in net assets, representing 8.21% of the Overseas Fund’s net assets.

The First Eagle U.S. Value Cayman Fund, Ltd., established on January 24, 2012, is an exempted company under the laws of the Cayman Islands. The consolidated financial statements include the accounts of the First Eagle U.S. Value Fund and the First Eagle U.S. Value Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2021, the First Eagle U.S. Value Cayman Fund, Ltd. has $135,562,746 in net assets, representing 11.75% of the U.S. Value Fund’s net assets.

The First Eagle Gold Cayman Fund, Ltd., established on May 28, 2010, is an exempted company under the laws of the Cayman Islands. The consolidated financial statements include the accounts of the First Eagle Gold Fund and the First Eagle Gold Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2021, the First Eagle Gold Cayman Fund, Ltd. has $581,674,461 in net assets, representing 24.64% of the Gold Fund’s net assets.

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

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

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

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

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

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

Any security that is listed or traded on more than one exchange (or traded in multiple markets) is valued at the official close on the primary exchange or market on which they are traded. In the absence of such a quotation, a security may be valued at the last quoted sales price on the most active exchange or market as determined by the independent pricing agent. The Funds use pricing services to identify the market prices of publicly traded securities in their portfolios. When market prices are determined to be “stale” as a result of limited market activity for a particular holding or have been materially affected by events occurring after the close of trading on the exchange or market on which the security is principally traded but before the Fund’s NAV is calculated, or in other circumstances when market prices are unavailable, such as for private placements, or determined to be unreliable for a particular holding, such holdings may be “fair valued” in accordance with procedures approved by the Board of Trustees (“Board”). The values assigned to a Fund’s holdings therefore may differ on occasion from reported market values.

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

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

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

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

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

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

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

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

Fair valuation of securities, other financial investments or other assets (collectively, “securities”) held by the Funds are determined in good faith under the supervision and responsibility of the Board. The Board Valuation and Liquidity Committee (the “Committee”) oversees the execution of the valuation and liquidity procedures for the Funds.

The following is a summary of the Funds’ inputs used to value the Funds’ investments as of January 31, 2021:

First Eagle Global Fund

Description	Level 1		Level 2			Level 3‡			Total
Assets:†
Common Stocks	$	21,020,458,187	$	13,792,586,798	(a)	$	–		$	34,813,044,985
Corporate Bond		–		–			5,590,007	(b)		5,590,007
Commodities *		–		5,252,160,615			–			5,252,160,615
Foreign Government Securities		–		636,982,746			–			636,982,746
Short-Term Investments		5,972,854		4,080,926,356			–			4,086,899,210
Warrants		4,150,695		–			–			4,150,695
Forward Foreign Currency Exchange Contracts**		–		612,567			–			612,567
Total	$	21,030,581,736	$	23,763,269,082		$	5,590,007		$	44,799,440,825
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–	$	(6,621,524	)	$	–		$	(6,621,524	)
Total	$	–	$	(6,621,524	)	$	–		$	(6,621,524	)

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

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

† See Consolidated Schedule of Investments for additional detailed categorizations.

‡ Value determined using significant unobservable inputs.

^* Represents gold bullion.

^** Forward Foreign Currency Exchange Contracts are valued at net unrealized appreciation (depreciation) on the contracts.

Fair Value Level 3 activity for the three-month period ended January 31, 2021 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	5,549,005
Purchases(1)		—
Sales(2)		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		10,524
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		30,478
Ending Balance — market value	$	5,590,007
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	30,478

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

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

First Eagle Overseas Fund

Description	Level 1		Level 2			Level 3‡		Total
Assets:†
Common Stocks	$	2,236,147,495	$	8,095,327,793	(a)	$	14,898,466	$	10,346,373,754
Commodities *		–		1,541,826,189			–		1,541,826,189
Foreign Government Securities		–		320,803,881			–		320,803,881
Short-Term Investments		5,753,161		2,071,910,818			–		2,077,663,979
Warrants		1,818,363		–			–		1,818,363
Forward Foreign Currency Exchange Contracts**		–		326,941			–		326,941
Total	$	2,243,719,019	$	12,030,195,622		$	14,898,466	$	14,288,813,107
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–	$	(3,277,431	)	$	–	$	(3,277,431	)
Total	$	–	$	(3,277,431	)	$	–	$	(3,277,431	)

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

† See Consolidated Schedule of Investments for additional detailed categorizations.

‡ Value determined using significant unobservable inputs.

^* Represents gold bullion.

^** Forward Foreign Currency Exchange Contracts are valued at net unrealized appreciation (depreciation) on the contracts.

Fair Value Level 3 activity for the three-month period ended January 31, 2021 was as follows:

	Common Stocks
Beginning Balance —market value	$	8,129,690
Purchases(1)		—
Sales(2)		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		—
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		6,768,776
Ending Balance — market value	$	14,898,466
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	6,768,776

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

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

First Eagle U.S. Value Fund

Description	Level 1		Level 2			Level 3‡			Total
Assets:†
Common Stocks	$	889,470,735	$	4,492,100	(a)	$	–		$	893,962,835
Corporate Bonds		–		18,962,301			613,500	(b)		19,575,801
Commodities *		–		135,568,926			–			135,568,926
Master Limited Partnerships		16,445,126		–			–			16,445,126
Short-Term Investments		20,165		90,246,381			–			90,266,546
Total	$	905,936,026	$	249,269,708		$	613,500		$	1,155,819,234

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

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

† See Consolidated Schedule of Investments for additional detailed categorizations.

‡ Value determined using significant unobservable inputs.

^* Represents gold bullion.

Fair Value Level 3 activity for the three-month period ended January 31, 2021 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	609,000
Purchases(1)		—
Sales(2)		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		3,291
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		1,209
Ending Balance — market value	$	613,500
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	1,209

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

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

First Eagle Gold Fund

Description	Level 1		Level 2			Level 3		Total
Assets:†
Common Stocks	$	1,303,206,429	$	143,873,602	(a)	$	–	$	1,447,080,031
Commodities *		–		581,734,986			–		581,734,986
Rights		5,263,464		–			–		5,263,464
Short-Term Investments		11,375		320,705,505			–		320,716,880
Total	$	1,308,481,268	$	1,046,314,093		$	–	$	2,354,795,361

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

† See Consolidated Schedule of Investments for additional detailed categorizations.

^* Represents gold and silver bullion.

First Eagle Global Income Builder Fund

Description	Level 1			Level 2			Level 3‡			Total
Assets:†
Common Stocks	$	345,162,894		$	429,517,312	(a)	$	–		$	774,680,206
Convertible Preferred Stocks		2,888,000			–			–			2,888,000
Corporate Bonds		–			189,149,513			–			189,149,513
Closed End Funds		–			10,244,132	(a)		–			10,244,132
Commodities *		–			106,544,816			–			106,544,816
Foreign Government Securities		–			5,588,266			–			5,588,266
Loan Assignments		–			–			4,169,495	(b)		4,169,495
Master Limited Partnerships		21,137,559			–			–			21,137,559
Preferred Stocks		17,353,311			–			–			17,353,311
Short-Term Investments		2,015			29,915,563			–			29,917,578
U.S. Treasury Obligations		–			79,824,466			–			79,824,466
Warrants		127,308			–			–			127,308
Forward Foreign Currency Exchange Contracts**		–			21,577			–			21,577
Total	$	386,671,087		$	850,805,645		$	4,169,495		$	1,241,646,227
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–		$	(248,593	)	$	–		$	(248,593	)
Written Options		(957,456	)		–			–			(957,456	)
Total	$	(957,456	)	$	(248,593	)	$	–		$	(1,206,049	)

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

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

† See Consolidated Schedule of Investments for additional detailed categorizations.

‡ Value determined using significant unobservable inputs.

^* Represents gold bullion.

^** Forward Foreign Currency Exchange Contracts are valued at net unrealized appreciation (depreciation) on the contracts.

Fair Value Level 3 activity for the three-month period ended January 31, 2021 was as follows:

	Loan Assignments
Beginning Balance —market value	$	3,763,237
Purchases(1)		—
Sales(2)		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		5,657
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		400,601
Ending Balance — market value	$	4,169,495
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	400,601

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

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

First Eagle High Income Fund  

Description	Level 1		Level 2			Level 3‡			Total
Assets:†
Common Stocks	$	–	$	–		$	17,086,331		$	17,086,331
Corporate Bonds		–		213,983,009			–			213,983,009
Loan Assignments		–		1,907,788			5,199,006	(a)		7,106,794
Short-Term Investments		629		11,993,824			–			11,994,453
Total	$	629	$	227,884,621		$	22,285,337		$	250,170,587
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–	$	(4,239	)	$	–		$	(4,239	)
Total	$	–	$	(4,239	)	$	–		$	(4,239	)

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

† See Schedule of Investments for additional detailed categorizations.

‡ Value determined using significant unobservable inputs.

^** Forward Foreign Currency Exchange Contracts are valued at net unrealized appreciation (depreciation) on the contracts.

Fair Value Level 3 activity for the three-month period ended January 31, 2021 was as follows:

	Common Stocks		Loan Assignments		Total Value
Beginning Balance —market value	$	16,460,676	$	4,692,435	$	21,153,111
Purchases(1)		—		—		—
Sales(2)		—		—		—
Transfer In — Level 3		—		—		—
Transfer Out — Level 3		—		—		—
Accrued discounts/ (premiums)		—		11,770		11,770
Realized Gains (Losses)		—		—		—
Change in Unrealized Appreciation (Depreciation)		625,655		494,801		1,120,456
Ending Balance — market value	$	17,086,331	$	5,199,006	$	22,285,337
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	625,655	$	494,801	$	1,120,456

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

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

First Eagle Fund of America

Description	Level 1		Level 2			Level 3		Total
Assets:†
Common Stocks	$	506,972,247	$	21,582,965	(a)	$	–	$	528,555,212
Short-Term Investments		1,311		8,502,875			–		8,504,186
Total	$	506,973,558	$	30,085,840		$	–	$	537,059,398

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

† See Schedule of Investments for additional detailed categorizations.

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

Funds investing in forward foreign currency exchange contracts are exposed to risk if the value of the currency changes unfavorably, if the counterparties to the contracts are unable to meet the terms of their contracts or if the Fund is unable to enter into a closing position. Forward foreign currency exchange contracts outstanding at period end, if any, are listed after each Fund’s portfolio. For the period ended January 31, 2021, the average monthly outstanding currency purchased or sold in U.S. dollars for forward foreign currency exchange contracts held by the Funds were as follows:

	FIRST EAGLE GLOBAL FUND		FIRST EAGLE OVERSEAS FUND		FIRST EAGLE GLOBAL INCOME BUILDER FUND		FIRST EAGLE HIGH INCOME FUND
Forward Foreign Currency Exchange Contracts:
Average Settlement Value — Purchased	$	109,527,398	$	57,999,459	$	1,110,299	$	-
Average Settlement Value — Sold		655,931,408		326,831,594		22,573,936		129,380

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

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

At January 31, 2021, the Funds had the following forward foreign currency exchange contracts grouped into appropriate risk categories illustrated below:

First Eagle Global Fund

					Derivative Gain (Loss)  Recognized in Income
Risk Type	Asset Derivative Fair Value		Liability Derivative Fair Value		Net realized Gains (Losses)			Change in Appreciation (Depreciation)
Foreign currency	$	612,567	$	6,621,524	$	(14,210,589	)	$	(8,173,847	)

First Eagle Overseas Fund

					Derivative Gain (Loss)  Recognized in Income
Risk Type	Asset Derivative Fair Value		Liability Derivative Fair Value		Net realized Gains (Losses)		Change in Appreciation (Depreciation)
Foreign currency	$	326,941	$	3,277,431	$	(6,585,878)	$	(4,057,640	)

First Eagle Global Income Builder Fund

					Derivative Gain (Loss)  Recognized in Income
Risk Type	Asset Derivative Fair Value		Liability Derivative Fair Value		Net realized Gains (Losses)			Change in Appreciation (Depreciation)
Foreign currency	$	21,577	$	248,593	$	(420,244	)	$	(333,333	)

First Eagle High Income Fund

					Derivative Gain (Loss)  Recognized in Income
Risk Type	Asset Derivative Fair Value		Liability Derivative Fair Value		Net realized Gains (Losses)		Change in Appreciation (Depreciation)
Foreign currency	$	–	$	4,239	$	–	$	(5,097	)

The following tables present each Fund’s gross derivative assets and liabilities by counterparty net of amounts available for offset under netting arrangements and any related collateral received or pledged by each Fund as of January 31, 2021:

First Eagle Global Fund

Counterparty	Gross Amount of Assets Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Received*			Net Amount (Not Less Than $0)
Goldman Sachs	$	263,092	$	–		$	(263,092	)	$	–
JPMorgan Chase Bank		349,475		(157,780	)		(191,695	)		–
	$	612,567	$	(157,780	)	$	(454,787	)	$	–

Counterparty	Gross Amount of Liabilities Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Pledged*		Net Amount (Not Less Than $0)
HSBC Bank plc	$	3,906,598	$	–		$	–	$	3,906,598
JPMorgan Chase Bank		157,780		(157,780	)		–		–
UBS AG		2,557,146		–			–		2,557,146
	$	6,621,524	$	(157,780	)	$	–	$	6,463,744

First Eagle Overseas Fund

Counterparty	Gross Amount of Assets Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Received*			Net Amount (Not Less Than $0)
Goldman Sachs	$	142,080	$	–		$	(142,080	)	$	–
JPMorgan Chase Bank		184,861		(82,829	)		(102,032	)		–
	$	326,941	$	(82,829	)	$	(244,112	)	$	–

Counterparty	Gross Amount of Liabilities Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Pledged*		Net Amount (Not Less Than $0)
HSBC Bank plc	$	1,885,599	$	–		$	–	$	1,885,599
JPMorgan Chase Bank		82,829		(82,829	)		–		–
UBS AG		1,309,003		–			–		1,309,003
	$	3,277,431	$	(82,829	)	$	–	$	3,194,602

First Eagle Global Income Builder Fund

Counterparty	Gross Amount of Assets Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Received*		Net Amount (Not Less Than $0)
Goldman Sachs	$	10,149	$	–		$	–	$	10,149
JPMorgan Chase Bank		11,428		(11,428	)		–		–
	$	21,577	$	(11,428	)	$	–	$	10,149

Counterparty	Gross Amount of Liabilities Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Pledged*		Net Amount (Not Less Than $0)
HSBC Bank plc	$	123,331	$	–		$	–	$	123,331
JPMorgan Chase Bank		29,169		(11,428	)		–		17,741
UBS AG		96,093		–			–		96,093
	$	248,593	$	(11,428	)	$	–	$	237,165

First Eagle High Income Fund

Counterparty	Gross Amount of Liabilities Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset		Collateral Pledged*		Net Amount (Not Less Than $0)
JPMorgan Chase Bank		4,239		–		–		4,239
	$	4,239	$	–	$	–	$	4,239

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

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

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

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

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

As of January 31, 2021, portfolio securities valued at $81,829,920 were earmarked to cover collateral requirements for written options for First Eagle Global Income Builder Fund.

For the period ended January 31, 2021, the average monthly number of contracts outstanding for written options and purchased options held by the Funds were as follows:

	First Eagle Global Income Builder Fund		First Eagle Fund Of America
Options Contracts:
Average Number of Contracts - Purchased		-		11,787
Average Number of Contracts - Written		15,487		6,447

At January 31, 2021, the Funds had the following options grouped into appropriate risk categories illustrated below:

First Eagle Global Income Builder Fund

					Derivative Gain (Loss)  Recognized in Income
Risk Type	Asset Derivative Fair Value		Liability Derivative Fair Value		Net realized Gains (Losses)		Change in Appreciation (Depreciation)
Equity - Written options	$	–	$	957,456	$	636,056	$	(143,687	)

First Eagle Fund of America

					Derivative Gain (Loss)  Recognized in Income
Risk Type	Asset Derivative Fair Value		Liability Derivative Fair Value		Net realized Gains (Losses)			Change in Appreciation (Depreciation)
Equity - Written options	$	–	$	–	$	(257,843	)	$	(746,245	)
Equity - Purchased options		–		–		(3,933,449	)		2,857,438