Radian Group, Inc.

0001752724-23-065862.txt : 20230324 0001752724-23-065862.hdr.sgml : 20230324 20230324163225 ACCESSION NUMBER: 0001752724-23-065862 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230324 DATE AS OF CHANGE: 20230324 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST EAGLE FUNDS CENTRAL INDEX KEY: 0000906352 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07762 FILM NUMBER: 23760296 BUSINESS ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 212-698-3393 MAIL ADDRESS: STREET 1: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: FIRST EAGLE FUNDS INC DATE OF NAME CHANGE: 20030103 FORMER COMPANY: FORMER CONFORMED NAME: FIRST EAGLE SOGEN FUNDS INC DATE OF NAME CHANGE: 20000403 FORMER COMPANY: FORMER CONFORMED NAME: SOGEN FUNDS INC DATE OF NAME CHANGE: 19930714

0000906352 S000072438 First Eagle Small Cap Opportunity Fund

C000228685 Class R6 FESRX

C000228686 Class A FESAX

C000228687 Class I FESCX

NPORT-P 1 primary_doc.xml NPORT-P false 0000906352 XXXXXXXX S000072438 C000228686 C000228687 C000228685 First Eagle Funds 811-07762 0000906352 549300FE2F4XF7FZN136 1345 Avenue of the Americas New York 10105 800-334-2143 First Eagle Small Cap Opportunity Fund S000072438 549300XYTAXPWI1QOH17 2023-10-31 2023-01-31 N 828470286.99 4585289.69 823884997.30 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N N/A N/A Radian Group, Inc. 54930005OUP720S5U385 Radian Group, Inc. 750236101 99624.00000000 NS USD 2201690.40000000 0.267232733599 Long EC CORP US N 1 N N N Trinity Industries, Inc. R1JB4KXN77XFCXOQKV49 Trinity Industries, Inc. 896522109 79291.00000000 NS USD 2281202.07000000 0.276883555044 Long EC CORP US N 1 N N N Sonos, Inc. 549300WEPU6075I77M08 Sonos, Inc. 83570H108 28857.00000000 NS USD 532123.08000000 0.064587057871 Long EC CORP US N 1 N N N Helix Energy Solutions Group, Inc. 416AP2JOUTCWEGSOZW41 Helix Energy Solutions Group, Inc. 42330P107 339115.00000000 NS USD 2689181.95000000 0.326402587595 Long EC CORP US N 1 N N N Louisiana-Pacific Corp. 549300C7E2UAO5BVRR75 Louisiana-Pacific Corp. 546347105 72913.00000000 NS USD 4964646.17000000 0.602589704421 Long EC CORP US N 1 N N N Addus HomeCare Corp. 52990090ZT33AKPDBX62 Addus HomeCare Corp. 006739106 11583.00000000 NS USD 1245404.16000000 0.151162378739 Long EC CORP US N 1 N N N Six Flags Entertainment Corp. 549300JYTDUAA4JQ3717 Six Flags Entertainment Corp. 83001A102 93101.00000000 NS USD 2499761.85000000 0.303411502599 Long EC CORP US N 1 N N N Ingredion, Inc. PKSTQ48QDN0XSVS7YK88 Ingredion, Inc. 457187102 16281.00000000 NS USD 1673686.80000000 0.203145682405 Long EC CORP US N 1 N N N Aviat Networks, Inc. 549300Z3X8Z4MK52CI65 Aviat Networks, Inc. 05366Y201 161290.00000000 NS USD 5217731.50000000 0.633308230772 Long EC CORP US N 1 N N N Neuronetics, Inc. 549300T0911ILTTG7P06 Neuronetics, Inc. 64131A105 299437.00000000 NS USD 1760689.56000000 0.213705743613 Long EC CORP US N 1 N N N Permian Resources Corp. 529900NXUJPOKU7OJ511 Permian Resources Corp. 71424F105 201735.00000000 NS USD 2192859.45000000 0.266160866769 Long EC CORP US N 1 N N N inTEST Corp. 549300RJJBPHDOAVDU15 inTEST Corp. 461147100 346653.00000000 NS USD 4506489.00000000 0.546980344922 Long EC CORP US N 1 N N N Triumph Group, Inc. 5493007L6S47Q14SL582 Triumph Group, Inc. 896818101 107130.00000000 NS USD 1220210.70000000 0.148104493224 Long EC CORP US N 1 N N N Bloomin' Brands, Inc. E1UJ2GO305B5FXGV7N04 Bloomin' Brands, Inc. 094235108 146114.00000000 NS USD 3543264.50000000 0.430067850684 Long EC CORP US N 1 N N N Axcelis Technologies, Inc. 529900HF9B6NL1QG9F05 Axcelis Technologies, Inc. 054540208 54952.00000000 NS USD 6041972.40000000 0.733351428876 Long EC CORP US N 1 N N N Sight Sciences, Inc. N/A Sight Sciences, Inc. 82657M105 327677.00000000 NS USD 3771562.27000000 0.457777758104 Long EC CORP US N 1 N N N Curtiss-Wright Corp. TEL51ETZWP7D0ZM4X325 Curtiss-Wright Corp. 231561101 23567.00000000 NS USD 3907408.60000000 0.474266264442 Long EC CORP US N 1 N N N America's Car-Mart, Inc. N/A America's Car-Mart, Inc. 03062T105 68838.00000000 NS USD 5929705.32000000 0.719724881437 Long EC CORP US N 1 N N N Option Care Health, Inc. 549300DI3Q5ACSYJRI17 Option Care Health, Inc. 68404L201 77048.00000000 NS USD 2224375.76000000 0.269986195560 Long EC CORP US N 1 N N N ADTRAN Holdings, Inc. 549300VV36J86CRRWF77 ADTRAN Holdings, Inc. 00486H105 159638.00000000 NS USD 3012369.06000000 0.365629799046 Long EC CORP US N 1 N N N Tilly's, Inc. N/A Tilly's, Inc., Class A 886885102 272250.00000000 NS USD 2412135.00000000 0.292775691741 Long EC CORP US N 1 N N N RadNet, Inc. 529900RECG94V2IZJ970 RadNet, Inc. 750491102 63560.00000000 NS USD 1337938.00000000 0.162393781217 Long EC CORP US N 1 N N N Airgain, Inc. 549300LL8ZO53X8A5U98 Airgain, Inc. 00938A104 227330.00000000 NS USD 1818640.00000000 0.220739545684 Long EC CORP US N 1 N N N Potbelly Corp. 54930027NUULUR2P5W11 Potbelly Corp. 73754Y100 415012.00000000 NS USD 3315945.88000000 0.402476788734 Long EC CORP US N 1 N N N Old National Bancorp 549300MMK90CL5KMVX16 Old National Bancorp 680033107 226377.00000000 NS USD 3961597.50000000 0.480843505220 Long EC CORP US N 1 N N N Park-Ohio Holdings Corp. N/A Park-Ohio Holdings Corp. 700666100 121274.00000000 NS USD 1606880.50000000 0.195036990024 Long EC CORP US N 1 N N N Radiant Logistics, Inc. 549300HWCW2HBOG4GN20 Radiant Logistics, Inc. 75025X100 162292.00000000 NS USD 910458.12000000 0.110507913481 Long EC CORP US N 1 N N N Cracker Barrel Old Country Store, Inc. 8P4PHQIUWPIECBFBW745 Cracker Barrel Old Country Store, Inc. 22410J106 27372.00000000 NS USD 3054167.76000000 0.370703164884 Long EC CORP US N 1 N N N Chesapeake Energy Corp. X2MT1W32SPAZ9WSKLE78 Chesapeake Energy Corp. 165167735 25532.00000000 NS USD 2214135.04000000 0.268743216256 Long EC CORP US N 1 N N N Comtech Telecommunications Corp. 529900FTEZ8MGM0Y8F73 Comtech Telecommunications Corp. 205826209 88689.00000000 NS USD 1406607.54000000 0.170728626520 Long EC CORP US N 1 N N N Natural Grocers by Vitamin Cottage, Inc. 529900P4OTXDGBUS3O87 Natural Grocers by Vitamin Cottage, Inc. 63888U108 68853.00000000 NS USD 683710.29000000 0.082986131831 Long EC CORP US N 1 N N N Chuy's Holdings, Inc. N/A Chuy's Holdings, Inc. 171604101 157922.00000000 NS USD 5405670.06000000 0.656119492127 Long EC CORP US N 1 N N N Lantronix, Inc. N/A Lantronix, Inc. 516548203 339035.00000000 NS USD 1712126.75000000 0.207811376055 Long EC CORP US N 1 N N N Enhabit, Inc. 549300RFQ78SLDFSHF49 Enhabit, Inc. 29332G102 161023.00000000 NS USD 2473313.28000000 0.300201276647 Long EC CORP US N 1 N N N Toll Brothers, Inc. 529900JB6IS9MSZGVR44 Toll Brothers, Inc. 889478103 56310.00000000 NS USD 3349881.90000000 0.406595812641 Long EC CORP US N 1 N N N Sientra, Inc. 5493006T0OLHI64MOG63 Sientra, Inc. 82621J204 88016.20000000 NS USD 186594.34000000 0.022648105088 Long EC CORP US N 1 N N N Cohu, Inc. 529900FJPORJ3JJ2XS33 Cohu, Inc. 192576106 120642.00000000 NS USD 4352763.36000000 0.528321716533 Long EC CORP US N 1 N N N Squarespace, Inc. 549300T4QP7KELU8ST60 Squarespace, Inc., Class A 85225A107 177716.00000000 NS USD 4215423.52000000 0.511651933681 Long EC CORP US N 1 N N N Ironwood Pharmaceuticals, Inc. 549300PC8MR6QHH6P296 Ironwood Pharmaceuticals, Inc. 46333X108 338406.00000000 NS USD 3898437.12000000 0.473177340621 Long EC CORP US N 1 N N N American Public Education, Inc. 254900GZNX6TJQGM4S17 American Public Education, Inc. 02913V103 195958.00000000 NS USD 2373051.38000000 0.288031871896 Long EC CORP US N 1 N N N Haynes International, Inc. 549300I9MS5UZLRFDO40 Haynes International, Inc. 420877201 54646.00000000 NS USD 3043235.74000000 0.369376278239 Long EC CORP US N 1 N N N SM Energy Co. 84BUTVXV5ODI6BXNMH43 SM Energy Co. 78454L100 63584.00000000 NS USD 2090006.08000000 0.253676919333 Long EC CORP US N 1 N N N Univar Solutions, Inc. 549300VSXHFQVR770L55 Univar Solutions, Inc. 91336L107 130690.00000000 NS USD 4506191.20000000 0.546944199101 Long EC CORP US N 1 N N N Acadia Healthcare Co., Inc. 5493005CW985Y9D0NC11 Acadia Healthcare Co., Inc. 00404A109 18489.00000000 NS USD 1553445.78000000 0.188551288722 Long EC CORP US N 1 N N N JetBlue Airways Corp. 54930070J9H97ZO93T57 JetBlue Airways Corp. 477143101 584703.00000000 NS USD 4677624.00000000 0.567752054634 Long EC CORP US N 1 N N N Flexion, Inc. N/A Flexion, Inc., CVR 339CVR011 44841.00000000 NS USD 0.04000000 0.000000004855 Long CORP US N 3 N N N Allegiant Travel Co. 549300JM9OZXOHWL2K18 Allegiant Travel Co. 01748X102 71320.00000000 NS USD 6135659.60000000 0.744722821766 Long EC CORP US N 1 N N N Accuray, Inc. 549300G28LY4TZKZJG51 Accuray, Inc. 004397105 299605.00000000 NS USD 755004.60000000 0.091639561646 Long EC CORP US N 1 N N N Newpark Resources, Inc. 54930073OHWDQW4DJN26 Newpark Resources, Inc. 651718504 251551.00000000 NS USD 1142041.54000000 0.138616620492 Long EC CORP US N 1 N N N VIA Optronics AG 391200MQMJVYVM0L2S18 VIA Optronics AG 91823Y109 163472.00000000 NS USD 504311.12000000 0.061211348871 Long EC CORP DE N 1 N N N Community Health Systems, Inc. N/A Community Health Systems, Inc. 203668108 1135936.00000000 NS USD 5929585.92000000 0.719710389123 Long EC CORP US N 1 N N N Lumentum Holdings, Inc. 549300JLWRRC38DWEF52 Lumentum Holdings, Inc. 55024U109 38889.00000000 NS USD 2340340.02000000 0.284061492522 Long EC CORP US N 1 N N N LGI Homes, Inc. 549300W02B4WNV8CV109 LGI Homes, Inc. 50187T106 55436.00000000 NS USD 6311388.60000000 0.766052133572 Long EC CORP US N 1 N N N Walker & Dunlop, Inc. N/A Walker & Dunlop, Inc. 93148P102 19400.00000000 NS USD 1850372.00000000 0.224591054099 Long EC CORP US N 1 N N N Daseke, Inc. 549300CUSFIOX5Q3VA53 Daseke, Inc. 23753F107 415751.00000000 NS USD 2901941.98000000 0.352226583747 Long EC CORP US N 1 N N N Steven Madden Ltd. 549300Z9GZ7GYJWSGF43 Steven Madden Ltd. 556269108 99505.00000000 NS USD 3567254.25000000 0.432979634498 Long EC CORP US N 1 N N N DZS, Inc. 549300JL6GXPZ9SNGD29 DZS, Inc. 268211109 272611.00000000 NS USD 3462159.70000000 0.420223661232 Long EC CORP US N 1 N N N InfuSystem Holdings, Inc. 549300F58N8PHJ4QUI59 InfuSystem Holdings, Inc. 45685K102 128488.00000000 NS USD 1287449.76000000 0.156265712352 Long EC CORP US N 1 N N N Fabrinet 5493004TETZ6IYF7CV44 Fabrinet N/A 19520.00000000 NS USD 2570003.20000000 0.311937128169 Long EC CORP KY N 1 N N N Magnite, Inc. 54930018FR2YX1HHSB02 Magnite, Inc. 55955D100 183799.00000000 NS USD 2220291.92000000 0.269490514729 Long EC CORP US N 1 N N N Columbus McKinnon Corp. 549300W3HQB0HO1F3G69 Columbus McKinnon Corp. 199333105 138185.00000000 NS USD 4967750.75000000 0.602966526430 Long EC CORP US N 1 N N N Luxfer Holdings plc 21380045UF5SJYZOXE41 Luxfer Holdings plc N/A 143397.00000000 NS USD 2373220.35000000 0.288052380827 Long EC CORP GB N 1 N N N QuidelOrtho Corp. 549300YU8CMO9HF53113 QuidelOrtho Corp. 219798105 35612.00000000 NS USD 3048743.32000000 0.370044767169 Long EC CORP US N 1 N N N LSB Industries, Inc. 5493001H215A0HG0MI71 LSB Industries, Inc. 502160104 237339.00000000 NS USD 3016578.69000000 0.366140747784 Long EC CORP US N 1 N N N Patterson Cos., Inc. YM48Q2087CUE26GWEK09 Patterson Cos., Inc. 703395103 184591.00000000 NS USD 5572802.29000000 0.676405360974 Long EC CORP US N 1 N N N ARC Document Solutions, Inc. 529900E4UQREZKXE7O60 ARC Document Solutions, Inc. 00191G103 104736.00000000 NS USD 365528.64000000 0.044366463911 Long EC CORP US N 1 N N N Skyline Champion Corp. N/A Skyline Champion Corp. 830830105 60892.00000000 NS USD 3589583.40000000 0.435689861056 Long EC CORP US N 1 N N N Orion Group Holdings, Inc. 549300KBVXPV9Q3CT222 Orion Group Holdings, Inc. 68628V308 421714.00000000 NS USD 1210319.18000000 0.146903898476 Long EC CORP US N 1 N N N Callon Petroleum Co. 549300EFOWPEB0WLZW21 Callon Petroleum Co. 13123X508 115723.00000000 NS USD 4924013.65000000 0.597657885036 Long EC CORP US N 1 N N N Blue Bird Corp. 5493004ZXJUUWQ65ER59 Blue Bird Corp. 095306106 179956.00000000 NS USD 2609362.00000000 0.316714348307 Long EC CORP US N 1 N N N PCTEL, Inc. N/A PCTEL, Inc. 69325Q105 366085.00000000 NS USD 1694973.55000000 0.205729386450 Long EC CORP US N 1 N N N Coherent Corp. 549300O5C25A0MMHHU33 Coherent Corp. 19247G107 151479.00000000 NS USD 6574188.60000000 0.797949789296 Long EC CORP US N 1 N N N Lincoln Educational Services Corp. 549300BJ55KUY6RG7L98 Lincoln Educational Services Corp. 533535100 436972.00000000 NS USD 2774772.20000000 0.336791203759 Long EC CORP US N 1 N N N Old Republic International Corp. 549300IV6O2YY2A1KH37 Old Republic International Corp. 680223104 166920.00000000 NS USD 4405018.80000000 0.534664281354 Long EC CORP US N 1 N N N Wabash National Corp. 5299004ZAWHQZI5XO485 Wabash National Corp. 929566107 153996.00000000 NS USD 3966936.96000000 0.481491588389 Long EC CORP US N 1 N N N SecureWorks Corp. N/A SecureWorks Corp., Class A 81374A105 392952.00000000 NS USD 3151475.04000000 0.382513949195 Long EC CORP US N 1 N N N Brookdale Senior Living, Inc. LH7MQB13NWY7CJ9VC445 Brookdale Senior Living, Inc. 112463104 880574.00000000 NS USD 2536053.12000000 0.307816397714 Long EC CORP US N 1 N N N Mercury Systems, Inc. 549300P3B84SGK7HH679 Mercury Systems, Inc. 589378108 64187.00000000 NS USD 3208387.20000000 0.389421728823 Long EC CORP US N 1 N N N HealthStream, Inc. 529900OJ88H8635JNH64 HealthStream, Inc. 42222N103 72210.00000000 NS USD 1746037.80000000 0.211927369198 Long EC CORP US N 1 N N N Alpha & Omega Semiconductor Ltd. 5493001FE7J03YOV2V35 Alpha & Omega Semiconductor Ltd. N/A 134875.00000000 NS USD 4445480.00000000 0.539575306574 Long EC CORP BM N 1 N N N Amkor Technology, Inc. 529900VHLRTKPWZJBM84 Amkor Technology, Inc. 031652100 154193.00000000 NS USD 4511687.18000000 0.547611280067 Long EC CORP US N 1 N N N NexTier Oilfield Solutions, Inc. 529900L27H2D4QT0IT24 NexTier Oilfield Solutions, Inc. 65290C105 147466.00000000 NS USD 1389129.72000000 0.168607235785 Long EC CORP US N 1 N N N Livent Corp. 254900OOLQ2VNMZTJL47 Livent Corp. 53814L108 173083.00000000 NS USD 4486311.36000000 0.544531260394 Long EC CORP US N 1 N N N Huntsman Corp. 5299000V56320A7RIQ67 Huntsman Corp. 447011107 170074.00000000 NS USD 5389645.06000000 0.654174439110 Long EC CORP US N 1 N N N Alto Ingredients, Inc. 549300TI77MKE21DLE34 Alto Ingredients, Inc. 021513106 461565.00000000 NS USD 1564705.35000000 0.189917932129 Long EC CORP US N 1 N N N Astronics Corp. 549300NNXCF8H4MSMK17 Astronics Corp. 046433108 150197.00000000 NS USD 2230425.45000000 0.270720483721 Long EC CORP US N 1 N N N Ultra Clean Holdings, Inc. 5493007L6LS7QX18PE75 Ultra Clean Holdings, Inc. 90385V107 150365.00000000 NS USD 5059782.25000000 0.614136956806 Long EC CORP US N 1 N N N US Silica Holdings, Inc. 529900HOXGPM9F75C193 US Silica Holdings, Inc. 90346E103 272743.00000000 NS USD 3338374.32000000 0.405199066731 Long EC CORP US N 1 N N N VSE Corp. 549300QWJYQDH4U5XI15 VSE Corp. 918284100 90056.00000000 NS USD 4944074.40000000 0.600092781905 Long EC CORP US N 1 N N N GXO Logistics, Inc. 5493007CNWMXN78JRN66 GXO Logistics, Inc. 36262G101 41302.00000000 NS USD 2161333.66000000 0.262334387333 Long EC CORP US N 1 N N N CareDx, Inc. 549300NQOFKL9NON0U06 CareDx, Inc. 14167L103 305996.00000000 NS USD 4571580.24000000 0.554880869900 Long EC CORP US N 1 N N N Assertio Holdings, Inc. N/A Assertio Holdings, Inc. 04546C205 641137.00000000 NS USD 2635073.07000000 0.319835059339 Long EC CORP US N 1 N N N Tactile Systems Technology, Inc. 54930069VDTITHOTKJ98 Tactile Systems Technology, Inc. 87357P100 332576.00000000 NS USD 4313510.72000000 0.523557381689 Long EC CORP US N 1 N N N Cars.com, Inc. 5493002G6J07LNGX4M98 Cars.com, Inc. 14575E105 208047.00000000 NS USD 3557603.70000000 0.431808287765 Long EC CORP US N 1 N N N Zumiez, Inc. 549300J0PDF58P6HZD25 Zumiez, Inc. 989817101 94186.00000000 NS USD 2432824.38000000 0.295286889307 Long EC CORP US N 1 N N N Axos Financial, Inc. 529900D8M56422GK9O25 Axos Financial, Inc. 05465C100 38085.00000000 NS USD 1832650.20000000 0.222440050007 Long EC CORP US N 1 N N N Regis Corp. 5493000Q1S5TJIDIQH89 Regis Corp. 758932107 1399895.00000000 NS USD 2295827.80000000 0.278658770037 Long EC CORP US N 1 N N N Seacoast Banking Corp. of Florida 549300V6IC06XYQYPG88 Seacoast Banking Corp. of Florida 811707801 168970.00000000 NS USD 5425626.70000000 0.658541752523 Long EC CORP US N 1 N N N Pacira BioSciences, Inc. N/A Pacira BioSciences, Inc. 695127100 67075.00000000 NS USD 2634035.25000000 0.319709092729 Long EC CORP US N 1 N N N Columbia Sportswear Co. 549300OTMCIEUXAH5Z60 Columbia Sportswear Co. 198516106 4418.00000000 NS USD 423686.20000000 0.051425405413 Long EC CORP US N 1 N N N John Bean Technologies Corp. 5493007CT6ATBZ2L6826 John Bean Technologies Corp. 477839104 26358.00000000 NS USD 2944979.34000000 0.357450293384 Long EC CORP US N 1 N N N Heritage-Crystal Clean, Inc. N/A Heritage-Crystal Clean, Inc. 42726M106 150162.00000000 NS USD 5586026.40000000 0.678010452709 Long EC CORP US N 1 N N N Quest Resource Holding Corp. 54930088J62L2GTB0F58 Quest Resource Holding Corp. 74836W203 208784.00000000 NS USD 1440609.60000000 0.174855666108 Long EC CORP US N 1 N N N Herc Holdings, Inc. 549300TP80QLITMSBP82 Herc Holdings, Inc. 42704L104 33666.00000000 NS USD 5229003.12000000 0.634676336762 Long EC CORP US N 1 N N N Pennant Group, Inc. (The) 5493007H2OYR6BYLDA64 Pennant Group, Inc. (The) 70805E109 178649.00000000 NS USD 2311718.06000000 0.280587468830 Long EC CORP US N 1 N N N BJ's Restaurants, Inc. 5299000EOW66I1OJNQ23 BJ's Restaurants, Inc. 09180C106 118604.00000000 NS USD 3744328.28000000 0.454472200886 Long EC CORP US N 1 N N N Alaska Air Group, Inc. 529900G48RT4KWLC6C27 Alaska Air Group, Inc. 011659109 96886.00000000 NS USD 4974127.24000000 0.603740480322 Long EC CORP US N 1 N N N Generac Holdings, Inc. 529900S2H2AHJHSFFI84 Generac Holdings, Inc. 368736104 44127.00000000 NS USD 5321716.20000000 0.645929494703 Long EC CORP US N 1 N N N Universal Technical Institute, Inc. 2549003YOJGAZ0PVFV48 Universal Technical Institute, Inc. 913915104 347871.00000000 NS USD 2636862.18000000 0.320052214646 Long EC CORP US N 1 N N N Synchronoss Technologies, Inc. 5493007Z5J8Z2TA76376 Synchronoss Technologies, Inc. 87157B103 813972.00000000 NS USD 637340.08000000 0.077357893648 Long EC CORP US N 1 N N N DMC Global, Inc. 549300CBDXD1Z5MRNG02 DMC Global, Inc. 23291C103 133888.00000000 NS USD 3044613.12000000 0.369543459339 Long EC CORP US N 1 N N N AAR Corp. MP76T5YQX3YK5VVAQ802 AAR Corp. 000361105 89778.00000000 NS USD 4618180.32000000 0.560537008822 Long EC CORP US N 1 N N N Health Catalyst, Inc. 549300223PL6GWKVJG92 Health Catalyst, Inc. 42225T107 104910.00000000 NS USD 1458249.00000000 0.176996668804 Long EC CORP US N 1 N N N Noodles & Co. 5299003PCPK4UINV4362 Noodles & Co., Class A 65540B105 295198.00000000 NS USD 1856795.42000000 0.225370704174 Long EC CORP US N 1 N N N Everbridge, Inc. 549300WCY0UMR64ATW81 Everbridge, Inc. 29978A104 150000.00000000 NS USD 4794000.00000000 0.581877327019 Long EC CORP US N 1 N N N Whitestone REIT N/A Whitestone REIT 966084204 394050.00000000 NS USD 4102060.50000000 0.497892365250 Long EC CORP US N 1 N N N Coeur Mining, Inc. 5493003AVK173D48DR70 Coeur Mining, Inc. 192108504 301461.00000000 NS USD 1172683.29000000 0.142335798545 Long EC CORP US N 1 N N N Hain Celestial Group, Inc. (The) 5493000S8QXWHLIXDP75 Hain Celestial Group, Inc. (The) 405217100 68517.00000000 NS USD 1405968.84000000 0.170651103565 Long EC CORP US N 1 N N N Ichor Holdings Ltd. 529900PS8R2JVLJ2H892 Ichor Holdings Ltd. N/A 159528.00000000 NS USD 5392046.40000000 0.654465904546 Long EC CORP KY N 1 N N N AdvanSix, Inc. 5493009TPRODMCAZLF67 AdvanSix, Inc. 00773T101 85866.00000000 NS USD 3712845.84000000 0.450650983106 Long EC CORP US N 1 N N N Ladder Capital Corp. 549300Q6LLV2QCV67C06 Ladder Capital Corp. 505743104 223102.00000000 NS USD 2498742.40000000 0.303287765669 Long EC CORP US N 1 N N N Tile Shop Holdings, Inc. 549300Q3SS4FSW01UE50 Tile Shop Holdings, Inc. 88677Q109 257429.00000000 NS USD 1287145.00000000 0.156228721753 Long EC CORP US N 1 N N N RPC, Inc. N/A RPC, Inc. 749660106 225179.00000000 NS USD 2233775.68000000 0.271127121785 Long EC CORP US N 1 N N N Ashford, Inc. N/A Ashford, Inc. 044104107 32366.00000000 NS USD 437588.32000000 0.053112791400 Long EC CORP US N 1 N N N Spirit AeroSystems Holdings, Inc. N/A Spirit AeroSystems Holdings, Inc., Class A 848574109 113498.00000000 NS USD 4102952.70000000 0.498000657063 Long EC CORP US N 1 N N N Topgolf Callaway Brands Corp. 5493005UB0KFRKBPCU72 Topgolf Callaway Brands Corp. 131193104 154788.00000000 NS USD 3790758.12000000 0.460107676729 Long EC CORP US N 1 N N N Pebblebrook Hotel Trust 5493004Q1NNH6JXCSI52 Pebblebrook Hotel Trust 70509V100 122490.00000000 NS USD 2008836.00000000 0.243824806445 Long EC CORP US N 1 N N N Tenet Healthcare Corp. 0W9AIBT6U6ADJ2I8HK17 Tenet Healthcare Corp. 88033G407 114227.00000000 NS USD 6265350.95000000 0.760464260246 Long EC CORP US N 1 N N N Ducommun, Inc. 549300Z71HMWF90S2214 Ducommun, Inc. 264147109 99890.00000000 NS USD 5771644.20000000 0.700540029119 Long EC CORP US N 1 N N N Utz Brands, Inc. N/A Utz Brands, Inc. 918090101 146908.00000000 NS USD 2447487.28000000 0.297066615853 Long EC CORP US N 1 N N N Cavco Industries, Inc. N/A Cavco Industries, Inc. 149568107 16867.00000000 NS USD 4488308.70000000 0.544773689860 Long EC CORP US N 1 N N N Alexander & Baldwin, Inc. N/A Alexander & Baldwin, Inc. 014491104 201952.00000000 NS USD 4043079.04000000 0.490733421927 Long EC CORP US N 1 N N N Surgery Partners, Inc. 549300LC82HG33S19I03 Surgery Partners, Inc. 86881A100 78863.00000000 NS USD 2618251.60000000 0.317793333848 Long EC CORP US N 1 N N N Bowman Consulting Group Ltd. N/A Bowman Consulting Group Ltd. 103002101 43920.00000000 NS USD 1119520.80000000 0.135883139475 Long EC CORP US N 1 N N N Matador Resources Co. 549300CI3Q2UUK5R4G79 Matador Resources Co. 576485205 31064.00000000 NS USD 2055194.24000000 0.249451591755 Long EC CORP US N 1 N N N Stewart Information Services Corp. 529900TV1XI0PLKENU10 Stewart Information Services Corp. 860372101 99723.00000000 NS USD 4763767.71000000 0.578207847650 Long EC CORP US N 1 N N N Insteel Industries, Inc. 52990026LKY4MOX3L174 Insteel Industries, Inc. 45774W108 55499.00000000 NS USD 1664415.01000000 0.202020308107 Long EC CORP US N 1 N N N Ferroglobe plc 2138005GCFJACFTZUD90 Ferroglobe plc N/A 618349.00000000 NS USD 2937157.75000000 0.356500938799 Long EC CORP GB N 1 N N N Goodyear Tire & Rubber Co. (The) 5493002BI0S2ZQUY3437 Goodyear Tire & Rubber Co. (The) 382550101 394603.00000000 NS USD 4439283.75000000 0.538823229522 Long EC CORP US N 1 N N N Orthofix Medical, Inc. N/A Orthofix Medical, Inc. 68752M108 74847.00000000 NS USD 1618940.61000000 0.196500799905 Long EC CORP US N 1 N N N Denny's Corp. 54930037V56XOULXM917 Denny's Corp. 24869P104 366004.00000000 NS USD 4399368.08000000 0.533978418640 Long EC CORP US N 1 N N N Century Communities, Inc. 5299002QMB2O7ZL1CA26 Century Communities, Inc. 156504300 84839.00000000 NS USD 5192146.80000000 0.630202858046 Long EC CORP US N 1 N N N Performant Financial Corp. N/A Performant Financial Corp. 71377E105 816991.00000000 NS USD 2647050.84000000 0.321288875106 Long EC CORP US N 1 N N N NOV, Inc. 549300EHF3IW1AR6U008 NOV, Inc. 62955J103 153350.00000000 NS USD 3747874.00000000 0.454902566775 Long EC CORP US N 1 N N N Ruth's Hospitality Group, Inc. 529900JQW9JP41OHOD14 Ruth's Hospitality Group, Inc. 783332109 121224.00000000 NS USD 2098387.44000000 0.254694216653 Long EC CORP US N 1 N N N Ameris Bancorp PBJHNT51T5V6G5UQFV42 Ameris Bancorp 03076K108 97661.00000000 NS USD 4605692.76000000 0.559021316699 Long EC CORP US N 1 N N N CalAmp Corp. 5493007SIGZIX83TOW07 CalAmp Corp. 128126109 546274.00000000 NS USD 2529248.62000000 0.306990493611 Long EC CORP US N 1 N N N Harsco Corp. KAO98FK89NPNNPQGUZ43 Harsco Corp. 415864107 183978.00000000 NS USD 1460785.32000000 0.177304517594 Long EC CORP US N 1 N N N Physicians Realty Trust 549300ITOVH0OY7PZC34 Physicians Realty Trust 71943U104 345595.00000000 NS USD 5481136.70000000 0.665279343350 Long EC CORP US N 1 N N N JP Morgan U.S. Government Money Market Fund N/A JP Morgan U.S. Government Money Market Fund, Capital Shares N/A 59450120.91000000 NS USD 59450120.91000000 7.215827585746 Long STIV RF US N 1 N N N Container Store Group, Inc. (The) 529900L7KB2N9KXCDI76 Container Store Group, Inc. (The) 210751103 487081.00000000 NS USD 2537692.01000000 0.308015319894 Long EC CORP US N 1 N N N NMI Holdings, Inc. 529900KNNGFXJX1C3Z08 NMI Holdings, Inc., Class A 629209305 95670.00000000 NS USD 2222414.10000000 0.269748096795 Long EC CORP US N 1 N N N MKS Instruments, Inc. 549300KEQATBHAGVF505 MKS Instruments, Inc. 55306N104 57584.00000000 NS USD 5891994.88000000 0.715147732912 Long EC CORP US N 1 N N N Commercial Metals Co. 549300OQS2LO07ZJ7N73 Commercial Metals Co. 201723103 76486.00000000 NS USD 4150895.22000000 0.503819736201 Long EC CORP US N 1 N N N PGT Innovations, Inc. 549300LRW9WM59C1S579 PGT Innovations, Inc. 69336V101 39664.00000000 NS USD 860708.80000000 0.104469531891 Long EC CORP US N 1 N N N EverQuote, Inc. N/A EverQuote, Inc., Class A 30041R108 97090.00000000 NS USD 1514604.00000000 0.183836822489 Long EC CORP US N 1 N N N Ameresco, Inc. 529900NZXZGBCBXYY327 Ameresco, Inc., Class A 02361E108 57445.00000000 NS USD 3703479.15000000 0.449514090211 Long EC CORP US N 1 N N N Park Hotels & Resorts, Inc. 5493005UZ5TQN0H6HS73 Park Hotels & Resorts, Inc. 700517105 127671.00000000 NS USD 1878040.41000000 0.227949339550 Long EC CORP US N 1 N N N Marchex, Inc. N/A Marchex, Inc., Class B 56624R108 468344.00000000 NS USD 960105.20000000 0.116533885572 Long EC CORP US N 1 N N N QuinStreet, Inc. 549300TP8MFBFPOS4Y78 QuinStreet, Inc. 74874Q100 170372.00000000 NS USD 2611802.76000000 0.317010598391 Long EC CORP US N 1 N N N Tanger Factory Outlet Centers, Inc. UKEW8YSXE4Y581KYOL30 Tanger Factory Outlet Centers, Inc. 875465106 193662.00000000 NS USD 3700880.82000000 0.449198714884 Long EC CORP US N 1 N N N LSI Industries, Inc. 529900HY42OANH6BVT33 LSI Industries, Inc. 50216C108 130047.00000000 NS USD 1785545.31000000 0.216722639185 Long EC CORP US N 1 N N N Beazer Homes USA, Inc. 549300DUPYT2T0F60I45 Beazer Homes USA, Inc. 07556Q881 274144.00000000 NS USD 4487737.28000000 0.544704333093 Long EC CORP US N 1 N N N Artivion, Inc. 549300YTKV8DMSMG6K81 Artivion, Inc. 228903100 162833.00000000 NS USD 2123342.32000000 0.257723144244 Long EC CORP US N 1 N N N AdaptHealth Corp. N/A AdaptHealth Corp. 00653Q102 85443.00000000 NS USD 1831043.49000000 0.222245033712 Long EC CORP US N 1 N N N Diodes, Inc. 549300XP2X1ARVH3BX23 Diodes, Inc. 254543101 28298.00000000 NS USD 2523898.62000000 0.306341131137 Long EC CORP US N 1 N N N Sonic Automotive, Inc. 549300NTLRGJ2JCBZU03 Sonic Automotive, Inc., Class A 83545G102 10038.00000000 NS USD 539140.98000000 0.065438863648 Long EC CORP US N 1 N N N Digi International, Inc. 529900KG656HGROI4N27 Digi International, Inc. 253798102 25234.00000000 NS USD 857703.66000000 0.104104779527 Long EC CORP US N 1 N N N Onto Innovation, Inc. 254900RXZVN73CHOO062 Onto Innovation, Inc. 683344105 65711.00000000 NS USD 5168170.15000000 0.627292664259 Long EC CORP US N 1 N N N Digital Turbine, Inc. 549300D0WZR1VI2QGB24 Digital Turbine, Inc. 25400W102 193356.00000000 NS USD 3356660.16000000 0.407418531833 Long EC CORP US N 1 N N N PBF Energy, Inc. 2549003PBEDCSZMZIY02 PBF Energy, Inc., Class A 69318G106 27346.00000000 NS USD 1148258.54000000 0.139371216099 Long EC CORP US N 1 N N N Belden, Inc. 68BKYO1JC791TTJHUE82 Belden, Inc. 077454106 50031.00000000 NS USD 4057013.79000000 0.492424768419 Long EC CORP US N 1 N N N Advanced Energy Industries, Inc. 549300756XI3QLFT2U27 Advanced Energy Industries, Inc. 007973100 50938.00000000 NS USD 4723990.12000000 0.573379796389 Long EC CORP US N 1 N N N ProPetro Holding Corp. N/A ProPetro Holding Corp. 74347M108 401475.00000000 NS USD 3994676.25000000 0.484858476982 Long EC CORP US N 1 N N N Kaman Corp. 5493003YK076OLTEQF95 Kaman Corp. 483548103 57902.00000000 NS USD 1460288.44000000 0.177244208206 Long EC CORP US N 1 N N N Braemar Hotels & Resorts, Inc. 549300JDUUEBN868C776 Braemar Hotels & Resorts, Inc. 10482B101 378647.00000000 NS USD 2006829.10000000 0.243581216623 Long EC CORP US N 1 N N N Shyft Group, Inc. (The) 549300YY0TB51BGRV994 Shyft Group, Inc. (The) 825698103 100908.00000000 NS USD 3359227.32000000 0.407730123865 Long EC CORP US N 1 N N N Quipt Home Medical Corp. N/A Quipt Home Medical Corp. 74880P104 309135.00000000 NS USD 1792983.00000000 0.217625397461 Long EC CORP CA N 1 N N N Macerich Co. (The) 529900PSWCB5KI0JYU46 Macerich Co. (The) 554382101 204684.00000000 NS USD 2812358.16000000 0.341353243379 Long EC CORP US N 1 N N N MDC Holdings, Inc. 5299005FV4VNV75R8R35 MDC Holdings, Inc. 552676108 42107.00000000 NS USD 1589960.32000000 0.192983283493 Long EC CORP US N 1 N N N AZEK Co., Inc. (The) 5493002LDDDU1RX46815 AZEK Co., Inc. (The) 05478C105 150485.00000000 NS USD 3631203.05000000 0.440741494492 Long EC CORP US N 1 N N N Modine Manufacturing Co. Z35SZFYJR8GZZRSIUU09 Modine Manufacturing Co. 607828100 187676.00000000 NS USD 4483579.64000000 0.544199694701 Long EC CORP US N 1 N N N Avnet, Inc. XJI53DCPL7QABOWK4Z75 Avnet, Inc. 053807103 88762.00000000 NS USD 4072400.56000000 0.494292355528 Long EC CORP US N 1 N N N Yext, Inc. 5299008ZQSBBVH7K0589 Yext, Inc. 98585N106 380504.00000000 NS USD 2644502.80000000 0.320979603787 Long EC CORP US N 1 N N N GEE Group, Inc. 549300FHWV21VESO1Y46 GEE Group, Inc. 36165A102 1027770.00000000 NS USD 515940.54000000 0.062622883253 Long EC CORP US N 1 N N N Zeta Global Holdings Corp. N/A Zeta Global Holdings Corp., Class A 98956A105 205810.00000000 NS USD 1868754.80000000 0.226822287834 Long EC CORP US N 1 N N N CarParts.com, Inc. 5493005FSRX4Y7E7H678 CarParts.com, Inc. 14427M107 541097.00000000 NS USD 3690281.54000000 0.447912214944 Long EC CORP US N 1 N N N B Riley Financial, Inc. N/A B Riley Financial, Inc. 05580M108 35660.00000000 NS USD 1523751.80000000 0.184947147355 Long EC CORP US N 1 N N N Manitex International, Inc. 549300QZ9TZ4MVXPZQ53 Manitex International, Inc. 563420108 190152.00000000 NS USD 775820.16000000 0.094166074457 Long EC CORP US N 1 N N N Hexcel Corp. S6Q7LW43WUBUHXY2QP69 Hexcel Corp. 428291108 60533.00000000 NS USD 4272419.14000000 0.518569843364 Long EC CORP US N 1 N N N H&E Equipment Services, Inc. 254900KVLRCDMQRYY541 H&E Equipment Services, Inc. 404030108 52239.00000000 NS USD 2658442.71000000 0.322671576580 Long EC CORP US N 1 N N N Heidrick & Struggles International, Inc. 5493006284N2J367VB57 Heidrick & Struggles International, Inc. 422819102 78084.00000000 NS USD 2401863.84000000 0.291529017747 Long EC CORP US N 1 N N N FormFactor, Inc. 549300YCEEO6SZD1ZR61 FormFactor, Inc. 346375108 210943.00000000 NS USD 5935936.02000000 0.720481139898 Long EC CORP US N 1 N N N Clarus Corp. 549300PKSLI6PT0ULL72 Clarus Corp. 18270P109 126079.00000000 NS USD 1267093.95000000 0.153795002233 Long EC CORP US N 1 N N N Select Medical Holdings Corp. N/A Select Medical Holdings Corp. 81619Q105 67079.00000000 NS USD 1949986.53000000 0.236681883562 Long EC CORP US N 1 N N N Lithia Motors, Inc. SE8N1EZEHPZQBCBVKD53 Lithia Motors, Inc., Class A 536797103 25727.00000000 NS USD 6771346.40000000 0.821880046631 Long EC CORP US N 1 N N N Chatham Lodging Trust N/A Chatham Lodging Trust 16208T102 151667.00000000 NS USD 2155188.07000000 0.261588459197 Long EC CORP US N 1 N N N Texas Capital Bancshares, Inc. 549300466Q2SXRX0YM48 Texas Capital Bancshares, Inc. 88224Q107 66126.00000000 NS USD 4368944.82000000 0.530285760065 Long EC CORP US N 1 N N N Navigator Holdings Ltd. 213800H7RVOFYARK2W19 Navigator Holdings Ltd. N/A 305408.00000000 NS USD 3942817.28000000 0.478564034169 Long EC CORP MH N 1 N N N SMART Global Holdings, Inc. 529900RDGHQY8XKXPN14 SMART Global Holdings, Inc. N/A 224895.00000000 NS USD 3865945.05000000 0.469233577825 Long EC CORP KY N 1 N N N Kulicke & Soffa Industries, Inc. 529900H6BEIRBF429744 Kulicke & Soffa Industries, Inc. 501242101 95037.00000000 NS USD 4856390.70000000 0.589450070812 Long EC CORP US N 1 N N N Orion Energy Systems, Inc. N/A Orion Energy Systems, Inc. 686275108 328699.00000000 NS USD 545640.34000000 0.066227731028 Long EC CORP US N 1 N N N Arcosa, Inc. 549300WFHLTCZV7D6V29 Arcosa, Inc. 039653100 37049.00000000 NS USD 2195894.23000000 0.266529216722 Long EC CORP US N 1 N N N Upland Software, Inc. 549300NS277POYJ63W89 Upland Software, Inc. 91544A109 294580.00000000 NS USD 2571683.40000000 0.312141064399 Long EC CORP US N 1 N N N Earthstone Energy, Inc. 54930081UTV7CK45XG14 Earthstone Energy, Inc., Class A 27032D304 242280.00000000 NS USD 3367692.00000000 0.408757534247 Long EC CORP US N 1 N N N Armada Hoffler Properties, Inc. 549300WQRSIV6XZT9313 Armada Hoffler Properties, Inc. 04208T108 394604.00000000 NS USD 5003578.72000000 0.607315187968 Long EC CORP US N 1 N N N WESCO International, Inc. 529900TXOGREY3WNJ434 WESCO International, Inc. 95082P105 26828.00000000 NS USD 3997640.28000000 0.485218239572 Long EC CORP US N 1 N N N LL Flooring Holdings, Inc. N/A LL Flooring Holdings, Inc. 55003T107 172210.00000000 NS USD 1043592.60000000 0.126667265870 Long EC CORP US N 1 N N N Titan Machinery, Inc. 549300835ZM8G0BT5C94 Titan Machinery, Inc. 88830R101 93263.00000000 NS USD 4097976.22000000 0.497396631014 Long EC CORP US N 1 N N N RH 5493008MTS3OGGMHGK69 RH 74967X103 10745.00000000 NS USD 3352332.55000000 0.406893263135 Long EC CORP US N 1 N N N Century Aluminum Co. 549300U5ODNGEYWKSW73 Century Aluminum Co. 156431108 330783.00000000 NS USD 3718000.92000000 0.451276686938 Long EC CORP US N 1 N N N Helmerich & Payne, Inc. 254900NAOGHJ88RZ4C73 Helmerich & Payne, Inc. 423452101 13580.00000000 NS USD 657815.20000000 0.079843085158 Long EC CORP US N 1 N N N EnerSys 7ZS3DE5PN30BYUJFWP05 EnerSys 29275Y102 22899.00000000 NS USD 1901074.98000000 0.230745187281 Long EC CORP US N 1 N N N Carpenter Technology Corp. DX6I6ZD3X5WNNCDJKP85 Carpenter Technology Corp. 144285103 115370.00000000 NS USD 5571217.30000000 0.676212980969 Long EC CORP US N 1 N N N Everspin Technologies, Inc. 549300MNDRV7X6PEDF15 Everspin Technologies, Inc. 30041T104 77449.00000000 NS USD 534398.10000000 0.064863191070 Long EC CORP US N 1 N N N Babcock & Wilcox Enterprises, Inc. 5493006H661OZN2C0T54 Babcock & Wilcox Enterprises, Inc. 05614L209 214776.00000000 NS USD 1426112.64000000 0.173096080724 Long EC CORP US N 1 N N N Heartland Express, Inc. 5299005V45FZIQGLOG39 Heartland Express, Inc. 422347104 142240.00000000 NS USD 2392476.80000000 0.290389654847 Long EC CORP US N 1 N N N Veeco Instruments, Inc. 5493004201F72ADDZW04 Veeco Instruments, Inc. 922417100 209049.00000000 NS USD 4151713.14000000 0.503919012192 Long EC CORP US N 1 N N N Real Good Food Co., Inc. (The) N/A Real Good Food Co., Inc. (The), Class A 75601G109 259000.00000000 NS USD 1440040.00000000 0.174786530246 Long EC CORP US N 1 N N N NOW, Inc. 549300AVH5SOCFVVDW91 NOW, Inc. 67011P100 227719.00000000 NS USD 3197174.76000000 0.388060805874 Long EC CORP US N 1 N N N Independent Bank Group, Inc. N/A Independent Bank Group, Inc. 45384B106 86403.00000000 NS USD 5296503.90000000 0.642869322460 Long EC CORP US N 1 N N N Kimball International, Inc. 549300RYF7HKL9SKYG25 Kimball International, Inc., Class B 494274103 246927.00000000 NS USD 1827259.80000000 0.221785783936 Long EC CORP US N 1 N N N Iteris, Inc. 549300HHWPIES6047045 Iteris, Inc. 46564T107 439914.00000000 NS USD 1627681.80000000 0.197561772011 Long EC CORP US N 1 N N N Chefs' Warehouse, Inc. (The) 549300JYEDC8C547E980 Chefs' Warehouse, Inc. (The) 163086101 94999.00000000 NS USD 3631811.77000000 0.440815378590 Long EC CORP US N 1 N N N Hecla Mining Co. 5493009Y6HOBZD1QD537 Hecla Mining Co. 422704106 731520.00000000 NS USD 4513478.40000000 0.547828691478 Long EC CORP US N 1 N N N CIRCOR International, Inc. 5493007701O01N3FQM69 CIRCOR International, Inc. 17273K109 201320.00000000 NS USD 5566498.00000000 0.675640170441 Long EC CORP US N 1 N N N Astec Industries, Inc. 5493002DO2QKHLKB2A48 Astec Industries, Inc. 046224101 91421.00000000 NS USD 4035322.94000000 0.489792016267 Long EC CORP US N 1 N N N TTM Technologies, Inc. 549300SC4BDOIS008048 TTM Technologies, Inc. 87305R109 244296.00000000 NS USD 3840333.12000000 0.466124900026 Long EC CORP US N 1 N N N Archrock, Inc. 549300K3RIHMHDVFTL28 Archrock, Inc. 03957W106 77432.00000000 NS USD 767351.12000000 0.093138134874 Long EC CORP US N 1 N N N Cheesecake Factory, Inc. (The) 529900872XMLK10SY247 Cheesecake Factory, Inc. (The) 163072101 134469.00000000 NS USD 5277908.25000000 0.640612253809 Long EC CORP US N 1 N N N Societal CDMO, Inc. 2549004EL1Z016VYWA54 Societal CDMO, Inc. 75629F109 1296163.00000000 NS USD 1685011.90000000 0.204520279592 Long EC CORP US N 1 N N N Snap One Holdings Corp. 254900UH1TKVPR8FDW43 Snap One Holdings Corp. 83303Y105 113929.00000000 NS USD 1092579.11000000 0.132613060509 Long EC CORP US N 1 N N N Enviva, Inc. 549300WH5VXDEFM5KR81 Enviva, Inc. 29415B103 107868.00000000 NS USD 4905836.64000000 0.595451629302 Long EC CORP US N 1 N N N Liberty Energy, Inc. N/A Liberty Energy, Inc., Class A 53115L104 175655.00000000 NS USD 2780618.65000000 0.337500823429 Long EC CORP US N 1 N N N Amedisys, Inc. 5299001RBS9GK9STN379 Amedisys, Inc. 023436108 56574.00000000 NS USD 5468442.84000000 0.663738611325 Long EC CORP US N 1 N N N Allbirds, Inc. N/A Allbirds, Inc., Class A 01675A109 526168.00000000 NS USD 1446962.00000000 0.175626696048 Long EC CORP US N 1 N N N Quanex Building Products Corp. 5493000TL30VL5WOAW87 Quanex Building Products Corp. 747619104 111192.00000000 NS USD 2878760.88000000 0.349412950767 Long EC CORP US N 1 N N N EnPro Industries, Inc. 549300Y5CFT2LKCFDN54 EnPro Industries, Inc. 29355X107 27342.00000000 NS USD 3310295.94000000 0.401791020694 Long EC CORP US N 1 N N N Unifi, Inc. 549300MW5LPO0M2LNO04 Unifi, Inc. 904677200 484956.00000000 NS USD 4146373.80000000 0.503270943589 Long EC CORP US N 1 N N N Amtech Systems, Inc. 5299008VRUUPETM6HZ85 Amtech Systems, Inc. 032332504 273715.00000000 NS USD 2964333.45000000 0.359799421001 Long EC CORP US N 1 N N N Oil States International, Inc. 5493004TF4KQJGMYL777 Oil States International, Inc. 678026105 489267.00000000 NS USD 4188125.52000000 0.508338607175 Long EC CORP US N 1 N N N Dorian LPG Ltd. 549300WP1W2WGMC7F395 Dorian LPG Ltd. N/A 104736.00000000 NS USD 2079009.60000000 0.252342208780 Long EC CORP MH N 1 N N N Gibraltar Industries, Inc. N/A Gibraltar Industries, Inc. 374689107 50056.00000000 NS USD 2681499.92000000 0.325470172267 Long EC CORP US N 1 N N N Barnes Group, Inc. G1MSYD2DQZX30V5DMX12 Barnes Group, Inc. 067806109 81338.00000000 NS USD 3600019.88000000 0.436956600957 Long EC CORP US N 1 N N N FTAI Aviation Ltd. N/A FTAI Aviation Ltd. N/A 175466.00000000 NS USD 3923419.76000000 0.476209637614 Long EC CORP KY N 1 N N N V2X, Inc. N/A V2X, Inc. 92242T101 64470.00000000 NS USD 2846995.20000000 0.345557354403 Long EC CORP US N 1 N N N Dixie Group, Inc. (The) 549300MLTT5S33W3Q656 Dixie Group, Inc. (The) 255519100 213469.00000000 NS USD 191865.94000000 0.023287951671 Long EC CORP US N 1 N N N Ceragon Networks Ltd. 529900WC6JZN5WQLZ645 Ceragon Networks Ltd. N/A 404010.00000000 NS USD 840340.80000000 0.101997342196 Long EC CORP IL N 1 N N N Air Lease Corp. 5493004NW4M4P8TMMK63 Air Lease Corp. 00912X302 154862.00000000 NS USD 6964144.14000000 0.845281096612 Long EC CORP US N 1 N N N Superior Industries International, Inc. 54930065O5ZIQD1F8U04 Superior Industries International, Inc. 868168105 521973.00000000 NS USD 2949147.45000000 0.357956202584 Long EC CORP US N 1 N N N Skechers USA, Inc. 529900D2R54KZPA4XR56 Skechers USA, Inc., Class A 830566105 19431.00000000 NS USD 935602.65000000 0.113559860061 Long EC CORP US N 1 N N N iCAD, Inc. N/A iCAD, Inc. 44934S206 644272.00000000 NS USD 1475382.88000000 0.179076313421 Long EC CORP US N 1 N N N Owens & Minor, Inc. 549300LMT5KQQXCEZ733 Owens & Minor, Inc. 690732102 80811.00000000 NS USD 1595209.14000000 0.193620365127 Long EC CORP US N 1 N N N Sportsman's Warehouse Holdings, Inc. 549300JVV8YLQSRSF462 Sportsman's Warehouse Holdings, Inc. 84920Y106 367858.00000000 NS USD 3468900.94000000 0.421041887079 Long EC CORP US N 1 N N N 2023-03-02 First Eagle Funds Tricia Larkin Tricia Larkin Treasurer XXXX NPORT-EX 2 tm238419d2_nportex.htm PART F

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 80.1%

Australia - 0.3%
Newcrest Mining Ltd.		9,296,442		147,712,223

Belgium - 1.2%
Groupe Bruxelles Lambert NV		6,469,396		553,425,720

Brazil - 1.9%
Ambev SA, ADR		135,881,898		361,445,849
Itausa SA (Preference)		113,282,546		190,355,202
Wheaton Precious Metals Corp.		7,936,282		363,005,539
				914,806,590
Canada - 4.0%
Agnico Eagle Mines Ltd.		2,298,700		129,814,226
Barrick Gold Corp.		20,128,459		393,511,373
Franco-Nevada Corp.		769,497		112,872,669
Imperial Oil Ltd.		10,896,401		595,532,885
Nutrien Ltd.		4,138,319		342,611,430
Power Corp. of Canada		13,272,144		359,995,248
				1,934,337,831
China - 2.1%
Alibaba Group Holding Ltd.*		34,738,392		477,606,654
Prosus NV*		6,294,726		508,269,306
				985,875,960
France - 3.6%
Danone SA		10,211,219		559,975,979
Legrand SA		1,954,335		174,256,508
LVMH Moet Hennessy Louis Vuitton SE		145,168		126,728,101
Sanofi		4,031,951		394,826,688
Sodexo SA		3,480,088		344,990,916
Wendel SE		1,067,994		113,087,837
				1,713,866,029
Germany - 0.8%
Brenntag SE		1,126,149		84,064,835
Henkel AG & Co. KGaA (Preference)		4,137,100		294,976,545
				379,041,380
Hong Kong - 2.0%
CK Asset Holdings Ltd.		37,986,500		242,867,086
Guoco Group Ltd.		12,748,580		117,479,150
Hongkong Land Holdings Ltd.		31,759,300		155,264,082
Hysan Development Co. Ltd.		23,322,348		78,466,824
Jardine Matheson Holdings Ltd.		7,051,271		374,814,456
				968,891,598
Ireland - 0.3%
CRH plc		3,284,015		153,437,515

Japan - 7.0%
Chofu Seisakusho Co. Ltd. (a)		3,224,200		52,474,540
FANUC Corp.		2,720,500		480,684,318
Hirose Electric Co. Ltd.		1,258,915		163,890,961
Hoshizaki Corp.		5,662,600		203,549,369
Keyence Corp.		263,400		121,261,179
Komatsu Ltd.		6,756,000		166,025,053
Mitsubishi Electric Corp.		24,592,300		271,025,699
Mitsubishi Estate Co. Ltd.		21,378,880		274,785,346
MS&AD Insurance Group Holdings, Inc.		11,209,120		359,518,138
Secom Co. Ltd.		6,337,130		377,539,684
Shimano, Inc.		1,517,390		270,604,471
SMC Corp.		442,156		224,575,898
Sompo Holdings, Inc.		7,663,700		329,913,758
T Hasegawa Co. Ltd. (a)		3,002,800		73,510,498
USS Co. Ltd.		1,298,600		21,359,598
				3,390,718,510
Mexico - 1.3%
Fomento Economico Mexicano SAB de CV, ADR		5,421,458		476,004,012
Fresnillo plc		5,590,827		56,790,880
Industrias Penoles SAB de CV*		6,401,020		91,223,161
				624,018,053
Norway - 0.2%
Orkla ASA		15,778,116		117,794,955

South Korea - 1.8%
Hyundai Mobis Co. Ltd.		999,985		167,204,658
KT&G Corp.*		5,242,098		393,217,713
Lotte Confectionery Co. Ltd.*		161,797		15,783,061
Lotte Corp.*		913,277		24,072,255
Namyang Dairy Products Co. Ltd.		784		320,557
NAVER Corp.		629,662		104,603,022
Samsung Electronics Co. Ltd. (Preference)		3,025,981		135,788,152
				840,989,418
Sweden - 0.9%
Investor AB, Class A		4,970,940		99,212,948
Investor AB, Class B		11,255,824		218,723,050
Svenska Handelsbanken AB, Class A		12,783,537		133,307,015
				451,243,013
Switzerland - 2.4%
Cie Financiere Richemont SA (Registered)		5,088,998		784,506,339
Schindler Holding AG		1,798,637		383,356,763
				1,167,863,102
Taiwan - 0.9%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		4,606,256		427,138,119

Thailand - 0.5%
Bangkok Bank PCL, NVDR		47,278,400		227,923,743

United Kingdom - 5.5%
BAE Systems plc		30,239,911		320,121,286
Berkeley Group Holdings plc (a)		6,766,463		346,494,969
British American Tobacco plc		19,154,797		734,276,606
Lloyds Banking Group plc		437,703,164		284,855,398
Reckitt Benckiser Group plc		4,483,021		319,464,302

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
Unilever plc		12,894,404		654,608,748
				2,659,821,309
United States - 43.4%
Alphabet, Inc., Class A*		2,694,360		266,310,542
Alphabet, Inc., Class C*		3,980,259		397,508,466
American Express Co.		2,046,860		358,057,220
Analog Devices, Inc.		2,464,848		422,647,487
Bank of New York Mellon Corp. (The)		11,504,615		581,788,381
Becton Dickinson & Co.		1,130,197		285,058,287
Berkshire Hathaway, Inc., Class A*		728		344,343,927
Boston Properties, Inc., REIT		2,546,846		189,841,901
Brown & Brown, Inc.		3,486,931		204,194,679
CH Robinson Worldwide, Inc. (a)		7,426,526		743,915,109
Charles Schwab Corp. (The)		2,951,646		228,516,433
Colgate-Palmolive Co.		7,218,573		538,000,246
Comcast Corp., Class A		21,961,227		864,174,282
Cummins, Inc.		1,455,755		363,269,103
Deere & Co.		381,724		161,408,176
Dentsply Sirona, Inc.		6,900,950		254,161,988
Douglas Emmett, Inc., REIT		8,215,068		137,602,389
DR Horton, Inc.		1,069,118		105,511,255
Elevance Health, Inc.		1,258,041		629,007,920
Equity Residential, REIT		5,273,527		335,659,994
Expeditors International of Washington, Inc.		1,875,971		202,886,264
Exxon Mobil Corp.		9,538,191		1,106,525,538
Fidelity National Financial, Inc.		1,180,125		51,960,904
Fidelity National Information Services, Inc.		1,678,512		125,955,540
Flowserve Corp. (a)		7,892,216		271,650,075
GSK plc		7,314,932		128,487,063
Haleon plc*		68,822,768		275,799,288
HCA Healthcare, Inc.		3,109,934		793,250,865
IPG Photonics Corp.* (a)		3,097,302		347,207,554
J.G. Boswell Co.		2,485		2,060,065
Kraft Heinz Co. (The)		4,471,740		181,239,622
Medtronic plc		1,421,609		118,974,457
Meta Platforms, Inc., Class A*		4,124,147		614,374,179
Microsoft Corp.		1,584,979		392,773,646
Mills Music Trust (a)		31,592		1,211,553
Nestle SA (Registered)		3,086,462		376,576,320
Newmont Corp.		7,901,033		418,201,677
NOV, Inc. (a)		26,905,276		657,564,945
Oracle Corp.		14,601,623		1,291,659,571
Philip Morris International, Inc.		6,664,841		694,743,026
PPG Industries, Inc.		853,547		111,251,316
Ross Stores, Inc.		2,633,277		311,227,009
Royal Gold, Inc.		1,476,988		187,621,786
RPM International, Inc.		174,428		15,682,821
Salesforce, Inc.*		1,385,077		232,651,384
Schlumberger Ltd.		19,905,698		1,134,226,672
Texas Instruments, Inc.		2,333,362		413,495,080
Travelers Cos., Inc. (The)		1,003,263		191,743,625
UGI Corp.		6,123,570		243,901,793
Union Pacific Corp.		518,453		105,862,918
Universal Health Services, Inc., Class B		3,368,166		499,195,883
US Bancorp		6,565,740		326,973,852
W.R. Berkley Corp.		2,267,622		159,051,007
Walmart, Inc.		1,383,386		199,027,744
Wells Fargo & Co.		6,275,140		294,115,812
Weyerhaeuser Co., REIT		10,347,140		356,252,030
Willis Towers Watson plc		2,553,725		649,131,358
				20,895,492,027
TOTAL COMMON STOCKS (Cost $26,444,964,255)				38,554,397,095

Investments	Ounces		Value ($)
COMMODITIES - 11.1%

Gold bullion* (Cost $2,902,970,315)		2,764,801		5,330,702,334

Investments	Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 1.0%

Colombia - 0.2%
Titulos de Tesoreria
Series B, 5.75%, 11/3/2027	COP	504,289,700,000		84,407,982

Indonesia - 0.1%
Republic of Indonesia
8.38%, 3/15/2024	IDR	853,795,000,000		58,456,194

Mexico - 0.4%
Mex Bonos Desarr Fix Rt
Series M, 8.00%, 12/7/2023	MXN	911,940,000		47,351,336
Series M 20, 10.00%, 12/5/2024	MXN	816,590,000		43,464,158
Series M, 5.75%, 3/5/2026	MXN	1,813,230,000		87,205,092
				178,020,586
Peru - 0.1%
Republic of Peru
8.20%, 8/12/2026 (b)	PEN	221,343,000		59,383,917

South Korea - 0.2%
Republic of Korea
1.25%, 3/10/2026	KRW	158,937,690,000		121,125,504
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost 573,462,545)				501,394,183

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 0.0% (c)

United States - 0.0% (c)
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡ (Cost $5,115,830)		5,467,000		4,961,302

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 7.6%

COMMERCIAL PAPER - 7.6%
Arrow Electronics, Inc.
4.80%, 2/1/2023 (d)		17,703,000		17,700,611
BP Capital Markets plc
4.35%, 2/1/2023 (d)		83,658,000		83,647,830
4.51%, 2/13/2023 (d)		97,000,000		96,839,923
4.60%, 3/22/2023 (d)		20,000,000		19,871,306
CenterPoint Energy, Inc.
4.50%, 2/1/2023 (d)		19,876,000		19,873,483
Engie SA
4.66%, 2/15/2023 (d)		65,500,000		65,374,431
4.61%, 2/22/2023 (d)		47,572,000		47,436,613
4.61%, 2/23/2023 (d)		50,000,000		49,851,363
4.69%, 3/23/2023 (d)		69,800,000		69,338,215
4.71%, 4/25/2023 (d)		37,950,000		37,492,728
4.71%, 4/26/2023 (d)		100,000,000		98,776,236
Entergy Corp.
4.50%, 2/1/2023 (b)(d)		20,244,000		20,241,448
Export Development Canada
4.35%, 2/7/2023 (d)		80,000,000		79,930,934
4.42%, 2/16/2023 (d)		75,000,000		74,851,467
4.32%, 2/21/2023 (d)		25,000,000		24,934,900
4.45%, 3/14/2023 (d)		88,821,000		88,345,985
4.61%, 4/4/2023 (d)		50,000,000		49,593,300
4.68%, 4/19/2023 (d)		68,000,000		67,316,668
FMS Wertmanagement
4.40%, 3/8/2023 (d)		100,000,000		99,546,200
General Motors Financial Co., Inc.
4.75%, 2/1/2023 (d)		40,486,000		40,480,617
Henkel US Operations Corp.
4.35%, 3/10/2023 (d)		50,000,000		49,760,547
Hydro-Quebec
4.51%, 4/12/2023 (d)		53,089,000		52,622,338
Johnson & Johnson
4.38%, 3/15/2023 (b)(d)		10,000,000		9,945,904
Kreditanstalt fuer Wiederaufbau
4.08%, 2/17/2023 (b)(d)		50,000,000		49,897,221
4.36%, 3/14/2023 (b)(d)		49,000,000		48,747,438
4.57%, 3/29/2023 (d)		44,500,000		44,186,249
4.55%, 4/3/2023 (b)(d)		116,147,000		115,253,461
4.69%, 5/3/2023 (d)		72,125,000		71,283,582
Linde, Inc.
4.23%, 2/9/2023 (d)		50,000,000		49,944,462
LVMH Moet Hennessy Louis Vuitton SE
4.15%, 2/3/2023 (b)(d)		49,475,000		49,456,806
LVMH Moet Hennessy Louis Vuitton, Inc.
4.57%, 3/17/2023 (b)(d)		33,800,000		33,606,072
Mitsui & Co. USA, Inc.
4.31%, 2/1/2023 (d)		18,403,000		18,400,800
Nederlandse Waterschapsbank NV
4.46%, 3/15/2023 (b)(d)		70,453,000		70,066,489
4.71%, 4/14/2023 (b)(d)		30,125,000		29,840,763
NRW Bank
4.34%, 3/7/2023 (b)(d)		97,500,000		97,077,988
4.49%, 3/8/2023 (b)(d)		46,735,000		46,526,749
4.34%, 3/9/2023 (b)(d)		105,740,000		105,255,299
4.71%, 4/18/2023 (b)(d)		50,000,000		49,505,703
4.70%, 4/21/2023 (b)(d)		64,804,000		64,136,807
Oesterreichische Kontrollbank AG
4.27%, 2/15/2023 (d)		63,000,000		62,882,557
4.30%, 2/21/2023 (d)		100,000,000		99,738,433
4.40%, 3/13/2023 (d)		139,500,000		138,785,063
Oracle Corp.
4.66%, 2/14/2023 (d)		71,550,000		71,418,944
Philip Morris International, Inc.
4.51%, 2/10/2023 (d)		50,500,000		50,435,879
4.61%, 3/16/2023 (d)		81,260,000		80,794,299
Province of Quebec
4.31%, 2/8/2023 (b)(d)		25,000,000		24,975,322
4.30%, 2/27/2023 (b)(d)		67,000,000		66,772,468
4.36%, 3/1/2023 (b)(d)		75,000,000		74,725,165
PSP Capital, Inc.
4.37%, 2/6/2023 (b)(d)		50,000,000		49,963,050
4.42%, 3/6/2023 (b)(d)		82,353,000		82,001,989
4.67%, 4/20/2023 (b)(d)		50,000,000		49,492,864
4.70%, 5/2/2023 (b)(d)		69,722,000		68,903,886
Siemens Capital Co. LLC
4.58%, 4/24/2023 (b)(d)		100,000,000		98,950,511
Svensk Export Credit Corp.
4.65%, 4/20/2023 (d)		50,000,000		49,497,143
Svensk Exportkredit AB
4.55%, 4/6/2023 (d)		93,444,000		92,678,524
Unilever Capital Corp.
4.58%, 4/13/2023 (b)(d)		50,000,000		49,540,200
4.66%, 4/17/2023 (b)(d)		33,500,000		33,175,102

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
Walgreens Boots Alliance, Inc.
4.65%, 2/1/2023 (b)(d)		61,097,000		61,089,127
Walt Disney Co. (The)
5.00%, 4/6/2023 (b)(d)		54,692,000		54,223,434
4.98%, 4/28/2023 (b)(d)		75,000,000		74,128,006
TOTAL COMMERCIAL PAPER (Cost $3,641,982,976)				3,641,130,902

U.S. TREASURY OBLIGATIONS - 0.0% (c)
U.S. Treasury Bills
4.30%, 3/2/2023 (d)(e)		15,200,000		15,145,910
4.58%, 4/27/2023 (d)(e)		15,000,000		14,840,731
TOTAL U.S. TREASURY OBLIGATIONS (Cost $29,987,437)				29,986,641

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (c)
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (f) (Cost $221,835)		221,835		221,835
TOTAL SHORT-TERM INVESTMENTS (Cost $3,672,192,248)				3,671,339,378

Total Investments - 99.8% (Cost $33,598,705,193)				48,062,794,292
Other assets less liabilities - 0.2%				60,786,973
Net Assets - 100.0%				48,123,581,265

*	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, 2023 amounted to $1,636,883,189, which represents approximately 3.40% 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, 2023.
(e)	All or a portion of this security is pledged with the custodian for current or potential holdings of forward foreign currency exchange contracts.
(f)	Represents 7-day effective yield as of January 31, 2023.

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation) ($)
USD	90,017,016	EUR	86,475,000	UBS AG	2/15/2023		(4,074,007	)
USD	90,231,474	EUR	86,475,000	Bank of New York Mellon	3/15/2023		(4,019,718	)
USD	99,350,499	EUR	93,436,000	Goldman Sachs	4/19/2023		(2,706,355	)
USD	84,667,921	GBP	69,228,000	Goldman Sachs	4/19/2023		(819,808	)
USD	100,176,177	EUR	92,655,000	JPMorgan Chase Bank	5/17/2023		(1,178,926	)
USD	93,506,952	GBP	77,000,000	JPMorgan Chase Bank	5/17/2023		(1,628,222	)
Net unrealized depreciation							(14,427,036	)

Abbreviations
ADR	American Depositary Receipt
COP	Colombian Peso
EUR	Euro
Fix Rt	Fixed Rate
GBP	British Pound
IDR	Indonesian Rupiah
KRW	Korea (Rep.) Won
MXN	Mexican Peso
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
USD	United States Dollar

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.7	%
Air Freight & Logistics		1.9
Auto Components		0.4
Banks		3.0
Beverages		1.7
Capital Markets		1.7
Chemicals		1.1
Commercial Services & Supplies		0.8
Commodities		11.1
Construction Materials		0.3
Consumer Finance		0.7
Diversified Financial Services		2.7
Electrical Equipment		0.9
Electronic Equipment, Instruments & Components		1.3
Energy Equipment & Services		3.7
Entertainment		0.0	*
Equity Real Estate Investment Trusts (REITs)		2.1
Food & Staples Retailing		0.4
Food Products		2.6
Foreign Government Securities		1.0
Gas Utilities		0.5
Health Care Equipment & Supplies		1.4
Health Care Providers & Services		4.0
Hotels, Restaurants & Leisure		0.7
Household Durables		1.1
Household Products		2.4
Industrial Conglomerates		1.1
Insurance		4.8
Interactive Media & Services		2.9
Internet & Direct Marketing Retail		2.1
IT Services		0.3
Leisure Products		0.6
Machinery		4.7
Media		1.8
Metals & Mining		4.0
Oil, Gas & Consumable Fuels		3.5
Personal Products		1.9
Pharmaceuticals		1.1
Real Estate Management & Development		1.6
Road & Rail		0.2
Semiconductors & Semiconductor Equipment		2.6
Software		4.0
Specialty Retail		0.7
Technology Hardware, Storage & Peripherals		0.3
Textiles, Apparel & Luxury Goods		1.9
Tobacco		3.7
Trading Companies & Distributors		0.2
Short-Term Investments		7.6
Total Investments		99.8	%

^*	Less than 0.05%

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Affiliated Securities

Security Description	Shares at January 31, 2023		Market Value October 31, 2022		Purchases at Cost		Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Market Value January 31, 2023		Dividend Income
Common Stocks - 5.2%
Japan - 0.3%
Chofu Seisakusho Co. Ltd.		3,224,200	$	44,031,237	$	-	$	-	$	-	$	8,443,303	$	52,474,540	$	392,737
T Hasegawa Co. Ltd.		3,002,800		63,875,515		-		-		-		9,634,983		73,510,498		38,968
				107,906,752		-		-		-		18,078,286		125,985,038		431,705
United Kingdom - 0.7%
Berkeley Group Holdings plc		6,766,463		269,219,704		-		-		-		77,275,265		346,494,969		-
United States - 4.2%
CH Robinson Worldwide, Inc.		7,426,526		725,720,121		-		-		-		18,194,988		743,915,109		4,530,181
Flowserve Corp.		7,892,216		226,348,755		-		-		-		45,301,320		271,650,075		1,578,443
IPG Photonics Corp.*		3,097,302		265,314,889		-		-		-		81,892,665		347,207,554		-
Mills Music Trust		31,592		1,200,812		-		-		-		10,741		1,211,553		20,688
NOV, Inc.		26,905,276		602,678,182		-		-		-		54,886,763		657,564,945		1,345,264
				1,821,262,759		-		-		-		200,286,477		2,021,549,236		7,474,576
Total Common Stocks				2,198,389,215		-		-		-		295,640,028		2,494,029,243		7,906,281
Total			$	2,198,389,215	$	-		-	$	-	$	295,640,028	$	2,494,029,243	$	7,906,281

* Non-income producing security.

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 81.5%

Australia - 0.3%
Newcrest Mining Ltd.		2,048,366		32,546,720

Belgium - 2.1%
Groupe Bruxelles Lambert NV		2,922,262		249,985,462
Legris Industries SE*‡ (a)(b)(c)		905,366		15,197,108
				265,182,570
Brazil - 3.0%
Ambev SA, ADR		70,219,934		186,785,024
Itausa SA (Preference)		52,187,137		87,693,060
Wheaton Precious Metals Corp.		2,364,552		108,154,608
				382,632,692
Canada - 7.3%
Agnico Eagle Mines Ltd.		717,589		40,524,323
Barrick Gold Corp.		5,379,581		105,170,809
Franco-Nevada Corp.		194,071		28,467,053
Imperial Oil Ltd.		7,543,865		412,303,080
Nutrien Ltd.		2,232,687		184,844,157
Power Corp. of Canada		6,472,619		175,564,105
				946,873,527
Chile - 1.1%
Cia Cervecerias Unidas SA, ADR (b)		9,392,572		146,618,049

China - 3.1%
Alibaba Group Holding Ltd.*		13,666,828		187,900,695
Prosus NV*		2,487,528		200,856,102
				388,756,797
Faroe Islands - 0.4%
Bakkafrost P/F		801,656		49,743,937

France - 6.1%
Danone SA		4,768,985		261,527,742
Laurent-Perrier (b)		558,938		74,740,883
Legrand SA		812,472		72,443,329
LVMH Moet Hennessy Louis Vuitton SE		33,358		29,120,715
Sanofi		1,679,882		164,501,564
Sodexo SA		1,313,872		130,247,828
Wendel SE		493,657		52,272,393
				784,854,454
Germany - 2.0%
Brenntag SE		628,298		46,901,225
FUCHS PETROLUB SE (Preference)		2,322,615		92,659,271
Henkel AG & Co. KGaA (Preference)		1,698,517		121,104,802
				260,665,298
Hong Kong - 4.7%
CK Asset Holdings Ltd.		19,475,000		124,513,617
Great Eagle Holdings Ltd.		22,777,700		54,701,643
Guoco Group Ltd.		7,806,340		71,936,026
Hongkong Land Holdings Ltd.		15,883,500		77,650,863
Hysan Development Co. Ltd.		17,500,405		58,879,200
Jardine Matheson Holdings Ltd.		3,779,100		200,880,283
				588,561,632
Ireland - 0.5%
CRH plc		1,432,866		66,947,136

Japan - 15.2%
As One Corp.		1,378,380		61,786,343
Chofu Seisakusho Co. Ltd. (b)		1,829,100		29,768,991
Daiichikosho Co. Ltd. (b)		2,866,280		89,122,052
FANUC Corp.		1,220,740		215,692,180
Hirose Electric Co. Ltd.		758,730		98,774,729
Hoshizaki Corp.		2,554,200		91,813,972
Kansai Paint Co. Ltd.		3,986,530		56,142,794
Keyence Corp.		74,800		34,435,597
Komatsu Ltd.		3,814,300		93,734,363
Mitsubishi Electric Corp.		11,266,300		124,163,126
Mitsubishi Estate Co. Ltd.		14,103,550		181,274,644
MS&AD Insurance Group Holdings, Inc.		4,764,500		152,815,223
Nagaileben Co. Ltd.		1,687,224		25,560,978
Nihon Kohden Corp.		1,779,300		46,743,993
Pilot Corp.		477,500		17,043,029
Secom Co. Ltd.		3,010,200		179,335,118
Shimano, Inc.		694,470		123,848,639
SK Kaken Co. Ltd.		87,561		29,161,213
SMC Corp.		208,990		106,148,321
Sompo Holdings, Inc.		3,104,300		133,636,661
T Hasegawa Co. Ltd.		1,906,436		46,670,794
USS Co. Ltd.		560,300		9,215,911
				1,946,888,671
Mexico - 2.4%
Fomento Economico Mexicano SAB de CV, ADR		2,613,173		229,436,589
Fresnillo plc		1,426,722		14,492,453
Grupo Mexico SAB de CV, Series B		6,905,948		30,711,032
Industrias Penoles SAB de CV*		2,246,692		32,018,388
				306,658,462
Netherlands - 2.5%
HAL Trust		631,823		87,020,809
Shell plc		7,707,709		226,053,026
				313,073,835
Norway - 0.8%
Orkla ASA		14,555,924		108,670,415

Singapore - 1.7%
Haw Par Corp. Ltd. (b)		19,447,213		145,080,737
UOL Group Ltd.		14,128,300		75,382,531
				220,463,268
South Korea - 4.0%
Fursys, Inc. (b)		872,463		21,018,152
Hyundai Mobis Co. Ltd.		505,396		84,505,833
KT&G Corp.*		2,451,893		183,920,209

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
Lotte Confectionery Co. Ltd.*		104,605		10,204,065
Lotte Corp.*		772,717		20,367,359
Namyang Dairy Products Co. Ltd.		450		183,993
Namyang Dairy Products Co. Ltd. (Preference) (b)		10,783		2,199,105
NAVER Corp.		258,729		42,981,529
NongShim Co. Ltd.		203,663		56,786,087
Samsung Electronics Co. Ltd. (Preference)		1,863,921		83,641,764
				505,808,096
Sweden - 2.5%
Industrivarden AB, Class A		123,708		3,277,068
Industrivarden AB, Class C		1,572,517		41,427,444
Investor AB, Class A		1,982,447		39,566,844
Investor AB, Class B		8,384,352		162,924,638
L E Lundbergforetagen AB, Class B		63,109		2,922,405
Svenska Handelsbanken AB, Class A		7,413,243		77,305,467
				327,423,866
Switzerland - 3.5%
Cie Financiere Richemont SA (Registered)		1,949,803		300,576,423
Schindler Holding AG		724,861		154,494,968
				455,071,391
Taiwan - 1.7%
Taiwan Secom Co. Ltd.		8,545,694		28,660,277
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		2,075,542		192,465,010
				221,125,287
Thailand - 1.0%
Bangkok Bank PCL, NVDR		21,880,059		105,481,255
Thai Beverage PCL		52,214,985		27,890,102
				133,371,357
Turkey - 0.4%
AG Anadolu Grubu Holding A/S		9,784,125		47,336,038

United Kingdom - 8.9%
BAE Systems plc		13,135,620		139,054,363
Berkeley Group Holdings plc		2,497,480		127,890,192
British American Tobacco plc		7,639,941		292,868,149
Great Portland Estates plc, REIT		3,302,520		23,187,260
Lloyds Banking Group plc		200,709,184		130,620,702
Reckitt Benckiser Group plc		2,246,129		160,061,270
Unilever plc		5,122,575		260,057,185
				1,133,739,121
United States - 6.3%
GSK plc		3,695,113		64,904,803
Haleon plc*		26,953,694		108,013,813
Nestle SA (Registered)		1,236,148		150,821,253
Newmont Corp.		2,665,290		141,073,800
Royal Gold, Inc.		454,973		57,795,220
Willis Towers Watson plc		1,119,400		284,540,286
				807,149,175
TOTAL COMMON STOCKS (Cost $7,881,074,937)				10,440,161,794

Investments	Ounces		Value ($)
COMMODITIES - 10.9%

Gold bullion* (Cost $663,216,747)		724,971		1,397,788,020

Investments	Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 2.2%

Colombia - 0.3%
Titulos de Tesoreria
Series B, 5.75%, 11/3/2027	COP	231,789,600,000		38,796,930

Indonesia - 0.1%
Republic of Indonesia
8.38%, 3/15/2024	IDR	267,431,000,000		18,310,014

Mexico - 0.6%
Mex Bonos Desarr Fix Rt
Series M, 8.00%, 12/7/2023	MXN	377,210,000		19,586,154
Series M 20, 10.00%, 12/5/2024	MXN	388,030,000		20,653,446
Series M, 5.75%, 3/5/2026	MXN	665,860,000		32,023,727
				72,263,327
Peru - 0.2%
Republic of Peru
8.20%, 8/12/2026 (d)	PEN	90,458,000		24,268,896

Singapore - 0.6%
Republic of Singapore
1.25%, 11/1/2026	SGD	108,048,000		77,561,325

South Korea - 0.4%
Republic of Korea
1.25%, 3/10/2026	KRW	59,926,230,000		45,669,437

TOTAL FOREIGN GOVERNMENT SECURITIES (Cost 304,851,892)				276,869,929

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 4.1%

COMMERCIAL PAPER - 3.9%
Arrow Electronics, Inc.
4.80%, 2/1/2023 (e)		17,803,000		17,800,597
CenterPoint Energy, Inc.
4.50%, 2/1/2023 (e)		19,986,000		19,983,469
Entergy Corp.
4.50%, 2/1/2023 (e)(d)		20,356,000		20,353,433
Export Development Canada
4.45%, 3/14/2023 (e)		6,179,000		6,145,955
4.61%, 4/6/2023 (e)		50,000,000		49,580,479
General Motors Financial Co., Inc.
4.75%, 2/1/2023 (e)		40,713,000		40,707,586
Hydro-Quebec
4.51%, 4/12/2023 (e)		21,911,000		21,718,398
Kreditanstalt fuer Wiederaufbau
4.51%, 4/3/2023 (e)(d)		12,353,000		12,257,966
4.69%, 5/3/2023 (e)		28,875,000		28,538,141
Mitsui & Co. USA, Inc.
4.31%, 2/1/2023 (e)		18,506,000		18,503,788
NRW Bank
4.49%, 3/8/2023 (e)(d)		3,265,000		3,250,451
4.54%, 3/20/2023 (e)(d)		50,000,000		49,699,467
4.54%, 3/21/2023 (e)		25,000,000		24,846,467
4.70%, 4/21/2023 (e)(d)		35,196,000		34,833,637
Oracle Corp.
4.66%, 2/14/2023 (e)		20,000,000		19,963,367
PSP Capital, Inc.
4.42%, 3/6/2023 (e)(d)		17,647,000		17,571,783
4.70%, 5/2/2023 (e)(d)		30,278,000		29,922,720
Svensk Exportkredit AB
4.55%, 4/6/2023 (e)		6,556,000		6,502,294
Walgreens Boots Alliance, Inc.
4.65%, 2/1/2023 (e)(d)		61,440,000		61,432,083
TOTAL COMMERCIAL PAPER (Cost $483,686,239)				483,612,081

U.S. TREASURY OBLIGATIONS - 0.2%
U.S. Treasury Bills
4.30%, 3/2/2023 (e)(f)		10,000,000		9,964,414
4.58%, 4/27/2023 (e)		10,000,000		9,893,821
TOTAL U.S. TREASURY OBLIGATIONS (Cost $19,858,765)				19,858,235

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (g)
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (h) (Cost $70,420)		70,420		70,420
TOTAL SHORT-TERM INVESTMENTS (Cost $503,615,424)				503,540,736

Total Investments - 98.7% (Cost $9,352,759,000)				12,618,360,479
Other assets less liabilities - 1.3%				170,174,555
Net Assets - 100.0%				12,788,535,034

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Security fair valued as of January 31, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $15,197,108, which represents approximately 0.12% 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.

Restricted Securities		Acquisition Date		Cost				Carrying Value Per Share/Principal
Legris Industries SE		04/30/04		$	23,433,066			$	16.79

(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, 2023 amounted to $253,590,436, which represents approximately 1.98% of net assets of the Fund.
(e)	The rate shown was the current yield as of January 31, 2023.
(f)	All or a portion of this security is pledged with the custodian for current or potential holdings of forward foreign currency exchange contracts.
(g)	Represents less than 0.05% of net assets.
(h)	Represents 7-day effective yield as of January 31, 2023.

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation) ($)
USD	52,707,969	EUR	50,634,000	UBS AG	2/15/2023		(2,385,467	)
USD	52,833,541	EUR	50,634,000	Bank of New York Mellon	3/15/2023		(2,353,680	)
USD	51,030,957	EUR	47,993,000	Goldman Sachs	4/19/2023		(1,390,108	)
USD	33,289,654	GBP	27,219,000	Goldman Sachs	4/19/2023		(322,331	)
USD	49,509,120	EUR	45,792,000	JPMorgan Chase Bank	5/17/2023		(582,649	)
USD	39,340,925	GBP	32,396,000	JPMorgan Chase Bank	5/17/2023		(685,037	)
Net unrealized depreciation							(7,719,272	)

Abbreviations
ADR	American Depositary Receipt
COP	Colombian Peso
EUR	Euro
Fix Rt	Fixed Rate
GBP	British Pound
IDR	Indonesian Rupiah
KRW	Korea (Rep.) Won
MXN	Mexican Peso
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, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		1.1	%
Auto Components		0.7
Banks		3.1
Beverages		5.2
Chemicals		3.2
Commercial Services & Supplies		1.9
Commodities		10.9
Construction Materials		0.5
Diversified Financial Services		5.0
Electrical Equipment		1.5
Electronic Equipment, Instruments & Components		1.0
Entertainment		0.7
Equity Real Estate Investment Trusts (REITs)		0.2
Food Products		5.0
Foreign Government Securities		2.2
Health Care Equipment & Supplies		0.6
Health Care Providers & Services		0.5
Hotels, Restaurants & Leisure		1.0
Household Durables		1.2
Household Products		2.2
Industrial Conglomerates		2.7
Insurance		5.8
Interactive Media & Services		0.3
Internet & Direct Marketing Retail		3.1
Leisure Products		1.0
Machinery		5.3
Metals & Mining		4.6
Oil, Gas & Consumable Fuels		5.0
Personal Products		2.8
Pharmaceuticals		2.9
Real Estate Management & Development		4.5
Semiconductors & Semiconductor Equipment		1.5
Specialty Retail		0.1
Technology Hardware, Storage & Peripherals		0.7
Textiles, Apparel & Luxury Goods		2.5
Tobacco		3.7
Trading Companies & Distributors		0.4
Short-Term Investments		4.1
Total Investments		98.7	%

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Affiliated Securities

Security Description	Shares at January 31, 2023		Market Value October 31, 2022		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation/ (Depreciation)		Market Value January 31, 2023		Dividend Income
Common Stocks — 4.1%
Belgium — 0.1%
Legris Industries SE*‡ (a)(b)		905,366	$	14,924,062	$	–	$	–		$	–	$	273,046	$	15,197,108	$	–
Chile — 1.1%
Cia Cervecerias Unidas SA ADR		9,392,572		101,533,703		–		–			–		45,084,346		146,618,049		2,211,543
France — 0.6%
Laurent-Perrier		558,938		54,469,274		–		–			–		20,271,609		74,740,883		–
Japan — 0.9%
Chofu Seisakusho Co. Ltd.		1,829,100		24,979,077		–		–			–		4,789,914		29,768,991		222,801
Daiichikosho Co. Ltd.		2,866,280		82,184,041		–		–			–		6,938,011		89,122,052		–
				107,163,118		–		–			–		11,727,925		118,891,043		222,801
Singapore — 1.2%
Haw Par Corp. Ltd.		19,447,213		129,829,745		–		–			–		15,250,992		145,080,737		–
South Korea — 0.2%
Fursys, Inc.		872,463		16,775,972		–		–			–		4,242,180		21,018,152		632,434
Namyang Dairy Products Co. Ltd. (Preference)		10,783		2,237,746		–		(1,005,812	)		939,253		27,918		2,199,105		10,871
				19,013,718		–		(1,005,812	)		939,253		4,270,098		23,217,257		643,305

Total Common Stocks				426,933,620		–		(1,005,812	)		939,253		96,878,016		523,745,077		3,077,649
Total			$	426,933,620	$	–	$	(1,005,812	)	$	939,253	$	96,878,016	$	523,745,077	$	3,077,649

Non-income producing security.

‡

Value determined using significant unobservable inputs.

(a)

Security fair valued as of January 31, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $15,197,108, which represents approximately 0.12% of net assets of the Fund.

(b)

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

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 74.4%

Aerospace & Defense - 1.1%
Aerojet Rocketdyne Holdings, Inc.*		240,464		13,446,747

Air Freight & Logistics - 3.5%
CH Robinson Worldwide, Inc.		330,334		33,089,557
Expeditors International of Washington, Inc.		94,942		10,267,977
				43,357,534
Banks - 2.3%
US Bancorp		345,798		17,220,740
Wells Fargo & Co.		235,971		11,059,961
				28,280,701
Capital Markets - 3.5%
Bank of New York Mellon Corp. (The)		602,359		30,461,295
Charles Schwab Corp. (The)		153,075		11,851,066
				42,312,361
Chemicals - 1.5%
Nutrien Ltd. (Canada)		158,929		13,157,732
PPG Industries, Inc.		37,210		4,849,951
RPM International, Inc.		6,621		595,294
				18,602,977
Consumer Finance - 1.2%
American Express Co.		82,555		14,441,346

Diversified Financial Services - 1.5%
Berkshire Hathaway, Inc., Class A*		38		17,973,996

Electronic Equipment, Instruments & Components - 1.6%
IPG Photonics Corp.*		172,551		19,342,967

Energy Equipment & Services - 4.2%
NOV, Inc.		999,361		24,424,383
Schlumberger Ltd.		471,530		26,867,779
				51,292,162
Equity Real Estate Investment Trusts (REITs) - 3.5%
Boston Properties, Inc.		104,410		7,782,721
Douglas Emmett, Inc.		344,416		5,768,968
Equity Residential		241,230		15,354,290
Weyerhaeuser Co.		401,701		13,830,565
				42,736,544
Food & Staples Retailing - 0.7%
Walmart, Inc.		58,370		8,397,692

Food Products - 0.7%
Kraft Heinz Co. (The)		206,681		8,376,781

Gas Utilities - 0.8%
UGI Corp.		242,612		9,663,236

Health Care Equipment & Supplies - 2.4%
Becton Dickinson & Co.		44,564		11,239,932
Dentsply Sirona, Inc.		350,379		12,904,459
Medtronic plc		57,220		4,788,742
				28,933,133
Health Care Providers & Services - 7.9%
Elevance Health, Inc.		63,028		31,513,370
HCA Healthcare, Inc.		157,427		40,154,905
Universal Health Services, Inc., Class B		170,425		25,258,689
				96,926,964
Household Durables - 0.3%
DR Horton, Inc.		40,545		4,001,386

Household Products - 2.3%
Colgate-Palmolive Co.		376,279		28,044,074

Insurance - 3.8%
Brown & Brown, Inc.		197,669		11,575,497
Fidelity National Financial, Inc.		45,593		2,007,460
Travelers Cos., Inc. (The)		47,615		9,100,179
W.R. Berkley Corp.		88,177		6,184,735
Willis Towers Watson plc		67,171		17,074,196
				45,942,067
Interactive Media & Services - 4.8%
Alphabet, Inc., Class A*		145,960		14,426,687
Alphabet, Inc., Class C*		167,497		16,727,925
Meta Platforms, Inc., Class A*		181,732		27,072,616
				58,227,228
IT Services - 0.4%
Fidelity National Information Services, Inc.		63,699		4,779,973

Machinery - 3.3%
Cummins, Inc.		73,903		18,441,755
Deere & Co.		20,543		8,686,402
Flowserve Corp.		378,708		13,035,129
				40,163,286
Media - 3.0%
Comcast Corp., Class A		920,308		36,214,120

Metals & Mining - 3.3%
Agnico Eagle Mines Ltd. (Canada)		82,024		4,632,132
Barrick Gold Corp. (Canada)		522,110		10,207,251
Franco-Nevada Corp. (Canada)		21,527		3,157,660
Newcrest Mining Ltd. (Australia)		236,346		3,755,328
Newmont Corp.		252,516		13,365,672
Royal Gold, Inc.		38,764		4,924,191
				40,042,234
Oil, Gas & Consumable Fuels - 3.0%
Exxon Mobil Corp.		317,531		36,836,771

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

Investments	Shares		Value ($)
Road & Rail - 0.4%
Union Pacific Corp.		24,414		4,985,095

Semiconductors & Semiconductor Equipment - 3.5%
Analog Devices, Inc.		126,112		21,624,424
Texas Instruments, Inc.		119,213		21,125,736
				42,750,160
Software - 5.7%
Microsoft Corp.		89,751		22,241,196
Oracle Corp.		425,031		37,598,242
Salesforce, Inc.*		61,730		10,368,788
				70,208,226
Specialty Retail - 1.0%
Ross Stores, Inc.		100,220		11,845,002

Tobacco - 3.2%
Philip Morris International, Inc.		372,296		38,808,135

TOTAL COMMON STOCKS (Cost $519,462,536)				906,932,898

Investments	Ounces		Value ($)
COMMODITIES - 11.4%

Gold bullion* (Cost $78,780,492)		72,529		139,839,718

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 2.8%

Oil, Gas & Consumable Fuels - 2.8%
Enterprise Products Partners LP		623,041		15,949,849
Magellan Midstream Partners LP		337,252		18,009,257

TOTAL MASTER LIMITED PARTNERSHIPS (Cost $28,023,469)				33,959,106

Investments	Principal Amount ($)		Value ($)
CONVERTIBLE PREFERRED STOCKS - 0.4%

Banks - 0.4%
Bank of America Corp.
Series L, 7.25%, (a) (Cost $5,693,463)		4,250		5,287,850

CORPORATE BONDS - 0.4%

Diversified Financial Services - 0.3%
Mexico Remittances Funding Fiduciary Estate Management Sarl (Mexico)
4.88%, 1/15/2028‡ (b)		4,132,000		3,812,193

Food Products - 0.1%
Post Holdings, Inc.
5.75%, 3/1/2027 (b)		666,000		656,063

Health Care Equipment & Supplies - 0.0% (c)
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡		600,000		544,500

TOTAL CORPORATE BONDS (Cost $4,697,005)				5,012,756

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 10.6%

COMMERCIAL PAPER - 9.8%
Arrow Electronics, Inc.
4.80%, 2/1/2023 (d)		3,936,000		3,935,469
CenterPoint Energy, Inc.
4.50%, 2/1/2023 (d)		4,419,000		4,418,440
Entergy Corp.
4.50%, 2/1/2023 (b)(d)		4,501,000		4,500,432
General Motors Financial Co., Inc.
4.75%, 2/1/2023 (d)		9,002,000		9,000,803
Intel Corp.
4.46%, 3/1/2023 (b)(d)		10,000,000		9,963,605
Johnson & Johnson
4.38%, 3/15/2023 (b)(d)		10,000,000		9,945,904
MetLife Funding, Inc.
4.25%, 2/16/2023 (d)		15,000,000		14,970,160
Mitsui & Co. USA, Inc.
4.31%, 2/1/2023 (d)		4,092,000		4,091,511
Oracle Corp.
4.97%, 3/13/2023 (b)(d)		10,000,000		9,945,629
Philip Morris International, Inc.
4.71%, 5/8/2023 (b)(d)		10,000,000		9,875,086
Roche Holdings, Inc.
4.67%, 4/21/2023 (b)(d)		10,000,000		9,897,556
Walgreens Boots Alliance, Inc.
4.65%, 2/1/2023 (b)(d)		13,585,000		13,583,249
Walt Disney Co. (The)
4.71%, 3/15/2023 (b)(d)		15,000,000		14,916,311
TOTAL COMMERCIAL PAPER (Cost $119,062,808)				119,044,155

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (c)
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (e)
(Cost $14,346)		14,346		14,346

Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 0.8%
U.S. Treasury Bills
4.30%, 3/2/2023 (d) (Cost $9,965,724)		10,000,000		9,964,415

TOTAL SHORT-TERM INVESTMENTS (Cost $129,042,878)				129,022,916

Total Investments - 100.0% (Cost $765,699,843)				1,220,055,244
Liabilities in excess of other assets - 0.0% (c)				(519,337	)
Net Assets - 100.0%				1,219,535,907

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (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, 2023. The maturity date reflects the next call date.
(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, 2023 amounted to $87,096,028, which represents approximately 7.14% 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, 2023.
(e)	Represents 7-day effective yield as of January 31, 2023.

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		1.1	%
Air Freight & Logistics		3.6
Banks		2.7
Capital Markets		3.5
Chemicals		1.5
Commodities		11.4
Consumer Finance		1.2
Diversified Financial Services		1.8
Electronic Equipment, Instruments & Components		1.6
Energy Equipment & Services		4.2
Equity Real Estate Investment Trusts (REITs)		3.5
Food & Staples Retailing		0.7
Food Products		0.7
Gas Utilities		0.8
Health Care Equipment & Supplies		2.4
Health Care Providers & Services		7.9
Household Durables		0.3
Household Products		2.3
Insurance		3.8
Interactive Media & Services		4.8
IT Services		0.4
Machinery		3.3
Media		3.0
Metals & Mining		3.3
Oil, Gas & Consumable Fuels		5.8
Road & Rail		0.4
Semiconductors & Semiconductor Equipment		3.5
Software		5.7
Specialty Retail		1.0
Tobacco		3.2
Short-Term Investments		10.6
Total Investments		100.0	%

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 79.2%

Australia - 8.1%
AngloGold Ashanti Ltd., ADR		2,677,961		56,290,740
Newcrest Mining Ltd.		7,025,248		111,624,963
Northern Star Resources Ltd.		2,042,973		18,203,972
				186,119,675
Brazil - 12.5%
Wheaton Precious Metals Corp.		6,340,844		290,030,205

Canada - 40.3%
Agnico Eagle Mines Ltd.		1,939,024		109,502,284
Alamos Gold, Inc., Class A		10,094,202		111,369,648
B2Gold Corp.		27,617,461		109,386,359
Barrick Gold Corp.		9,080,585		177,525,437
Dundee Precious Metals, Inc. (a)		14,240,008		93,003,397
Franco-Nevada Corp.		701,323		102,872,654
Kinross Gold Corp.		4,330,528		20,093,650
MAG Silver Corp.*		4,897,100		67,242,882
Novagold Resources, Inc.* (a)		17,740,710		111,943,880
Orla Mining Ltd.*		6,508,741		28,078,744
				931,018,935
Mexico - 2.7%
Fresnillo plc		4,277,558		43,450,868
Industrias Penoles SAB de CV*		1,403,600		20,003,191
				63,454,059
United States - 15.6%
Newmont Corp.		4,699,082		248,722,410
Royal Gold, Inc.		879,006		111,660,132
				360,382,542
TOTAL COMMON STOCKS (Cost $1,187,787,617)				1,831,005,416

Investments	Ounces		Value ($)
COMMODITIES - 17.8%

Gold bullion*		156,473		301,689,764
Silver bullion*		4,596,472		109,081,165
TOTAL COMMODITIES (Cost $228,806,160)				410,770,929

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		4,340,649

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 1.9%

COMMERCIAL PAPER - 1.9%
Arrow Electronics, Inc.
4.80%, 2/1/2023 (b)		4,389,000		4,388,408
CenterPoint Energy, Inc.
4.50%, 2/1/2023 (b)		4,927,000		4,926,376
Entergy Corp.
4.50%, 2/1/2023 (b)(c)		5,018,000		5,017,367
General Motors Financial Co., Inc.
4.75%, 2/1/2023 (b)		10,037,000		10,035,665
Mitsui & Co. USA, Inc.
4.31%, 2/1/2023 (b)		4,562,000		4,561,455
Walgreens Boots Alliance, Inc.
4.65%, 2/1/2023 (b)(c)		15,146,000		15,144,048
TOTAL COMMERCIAL PAPER (Cost $44,079,000)				44,073,319

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (d)
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (e) (Cost $51,714)		51,714		51,714
TOTAL SHORT-TERM INVESTMENTS (Cost $44,130,714)				44,125,033

Total Investments - 99.1% (Cost $1,506,698,207)				2,290,242,027
Other assets less liabilities - 0.9%				20,732,803
Net Assets - 100.0%				2,310,974,830

*	Non-income producing security.
(a)	Affiliated company as defined under the Investment Company Act of 1940.
(b)	The rate shown was the current yield as of January 31, 2023.
(c)	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, 2023 amounted to $20,161,415, which represents approximately 0.87% of net assets of the Fund.
(d)	Represents less than 0.05% of net assets.
(e)	Represents 7-day effective yield as of January 31, 2023.

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, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Commodities		17.8	%
Metals & Mining		79.4
Short-Term Investments		1.9
Total Investments		99.1	%

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Affiliated Securities

Security Description Shares at
January 31,
2023 Market Value
October 31,
2022 Purchases
at Cost Proceeds
from Sales Net Realized
Gain (Loss) Change in
Unrealized
Appreciation/
(Depreciation) Market Value
January 31,
2023 Dividend
Income

Common Stock — 8.9%

Canada — 8.9%

Dundee Precious Metals, Inc. 14,240,008 $ 62,596,607 $ 2,015,396 $ - $ - $ 28,391,394 $ 93,003,397 $ 436,828

Novagold Resources, Inc.* 17,740,710 83,460,385 - (1,813,442 ) (1,319,109 ) 31,616,046 111,943,880 -

Total Common Stock $ 146,056,992 $ 2,015,396 $ (1,813,442 ) $ (1,319,109 ) $ 60,007,440 $ 204,947,277 $ 436,828

Total $ 146,056,992 $ 2,015,396 $ (1,813,442 ) $ (1,319,109 ) $ 60,007,440 $ 204,947,277 $ 436,828

* Non-income producing security.

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 63.7%

Belgium - 1.6%
Groupe Bruxelles Lambert NV		311,546		26,651,262

Brazil - 1.9%
Ambev SA, ADR		5,387,074		14,329,617
Itausa SA (Preference)		3,990,855		6,706,064
Wheaton Precious Metals Corp.		235,189		10,757,545
				31,793,226
Canada - 3.3%
Agnico Eagle Mines Ltd.		16,806		949,083
Barrick Gold Corp.		90,496		1,769,197
Franco-Nevada Corp.		42,649		6,255,913
Franco-Nevada Corp.		32,962		4,835,525
Imperial Oil Ltd.		254,278		13,897,333
Nutrien Ltd.		28,543		2,363,075
Power Corp. of Canada		916,038		24,846,726
				54,916,852
Chile - 1.5%
Cia Cervecerias Unidas SA, ADR		1,180,964		18,434,848
Quinenco SA		2,083,758		7,249,857
				25,684,705
France - 2.9%
Danone SA		366,854		20,118,012
Sanofi		151,208		14,806,964
Sodexo SA		102,398		10,151,002
Wendel SE		26,895		2,847,860
				47,923,838
Germany - 1.7%
Brenntag SE		70,045		5,228,723
FUCHS PETROLUB SE (Preference)		319,659		12,752,596
Henkel AG & Co. KGaA (Preference)		149,355		10,649,059
				28,630,378
Hong Kong - 4.1%
CK Asset Holdings Ltd.		2,333,500		14,919,257
Great Eagle Holdings Ltd.		1,662,774		3,993,224
Guoco Group Ltd.		167,700		1,545,368
Hongkong Land Holdings Ltd.		2,123,300		10,380,337
Hysan Development Co. Ltd.		1,193,083		4,014,066
Jardine Matheson Holdings Ltd.		601,900		31,994,348
Mandarin Oriental International Ltd.*		1,047,200		1,972,144
				68,818,744
Japan - 3.0%
Daiwa Industries Ltd.		269,700		2,511,174
FANUC Corp.		36,200		6,396,167
Komatsu Ltd.		203,200		4,993,530
Mitsubishi Electric Corp.		76,200		839,782
MS&AD Insurance Group Holdings, Inc.		264,800		8,493,120
Nagaileben Co. Ltd.		10,000		151,497
Nohmi Bosai Ltd.		23,300		308,956
Secom Co. Ltd.		227,800		13,571,371
Shimano, Inc.		24,700		4,404,886
Sompo Holdings, Inc.		123,400		5,312,233
USS Co. Ltd.		214,900		3,534,712
				50,517,428
Mexico - 2.6%
Bolsa Mexicana de Valores SAB de CV		403,523		875,169
Coca-Cola Femsa SAB de CV, ADR (a)		229,375		17,473,787
Fomento Economico Mexicano SAB de CV, ADR		167,196		14,679,809
Fresnillo plc		178,369		1,811,849
GMexico Transportes SAB de CV (b)		359,128		778,122
Grupo Mexico SAB de CV, Series B		1,669,959		7,426,376
				43,045,112
Netherlands - 0.3%
HAL Trust		39,727		5,471,589

Norway - 0.9%
Orkla ASA		2,098,631		15,667,786

Singapore - 1.0%
Haw Par Corp. Ltd.		937,200		6,991,730
United Overseas Bank Ltd.		255,500		5,807,678
UOL Group Ltd.		764,200		4,077,443
				16,876,851
South Korea - 2.3%
KT&G Corp.*		404,136		30,314,854
Samsung Electronics Co. Ltd. (Preference)		157,978		7,089,119
				37,403,973
Sweden - 2.0%
Industrivarden AB, Class A		10,611		281,089
Industrivarden AB, Class C		436,104		11,489,017
Investor AB, Class A		639,643		12,766,372
Svenska Handelsbanken AB, Class A		831,749		8,673,497
				33,209,975
Switzerland - 2.1%
Cie Financiere Richemont SA (Registered)		144,172		22,225,170
Schindler Holding AG		61,668		13,143,756
				35,368,926
Taiwan - 0.3%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (a)		47,844		4,436,574

Thailand - 0.8%
Bangkok Bank PCL, NVDR		1,644,800		7,929,392
Thai Beverage PCL		10,785,200		5,760,805
				13,690,197
United Kingdom - 7.2%
BAE Systems plc		807,624		8,549,550

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
Berkeley Group Holdings plc		222,665		11,402,161
British American Tobacco plc		989,342		37,925,262
Linde plc		6,853		2,267,932
Lloyds Banking Group plc		9,591,729		6,242,257
Reckitt Benckiser Group plc		120,054		8,555,161
Unilever plc		871,901		44,263,699
				119,206,022
United States - 24.2%
Analog Devices, Inc. (a)		37,082		6,358,450
Bank of New York Mellon Corp. (The) (a)		336,334		17,008,410
Becton Dickinson & Co.		32,527		8,203,960
Boston Properties, Inc., REIT (a)		116,979		8,719,615
CH Robinson Worldwide, Inc. (a)		107,646		10,782,900
Colgate-Palmolive Co. (a)		283,242		21,110,026
Comcast Corp., Class A (a)		522,212		20,549,042
Douglas Emmett, Inc., REIT		331,773		5,557,198
Elevance Health, Inc. (a)		15,305		7,652,347
Equity Residential, REIT		282,147		17,958,657
Exxon Mobil Corp. (a)		434,620		50,420,266
Fidelity National Financial, Inc.		15,685		690,611
Fidelity National Information Services, Inc. (a)		58,474		4,387,889
General Dynamics Corp.		7,297		1,700,639
GSK plc		403,994		7,096,170
Haleon plc*		3,403,644		13,639,710
HCA Healthcare, Inc. (a)		86,699		22,114,314
IDACORP, Inc. (a)		45,166		4,779,014
Kraft Heinz Co. (The) (a)		148,824		6,031,837
Medtronic plc		49,431		4,136,880
Nestle SA (Registered)		302,470		36,904,080
Oracle Corp. (a)		77,125		6,822,477
Philip Morris International, Inc. (a)		292,773		30,518,657
Ross Stores, Inc. (a)		46,498		5,495,599
Royal Gold, Inc.		78,566		9,980,239
Schlumberger Ltd. (a)		168,227		9,585,574
Texas Instruments, Inc. (a)		80,467		14,259,557
Travelers Cos., Inc. (The)		15		2,867
Truist Financial Corp.		34,610		1,709,388
UGI Corp. (a)		152,737		6,083,515
Union Pacific Corp. (a)		6,543		1,336,015
Universal Health Services, Inc., Class B (a)		19,258		2,854,228
US Bancorp		308,262		15,351,448
Walmart, Inc. (a)		56,972		8,196,562
Wells Fargo & Co. (a)		229,665		10,764,399
Weyerhaeuser Co., REIT (a)		129,131		4,445,980
				403,208,520
TOTAL Common Stocks (Cost $929,045,802)				1,062,521,958

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 10.1%

Australia - 0.2%
Coronado Finance Pty. Ltd.
10.75%, 5/15/2026 (c)		1,459,000		1,503,961
Nufarm Australia Ltd.
5.00%, 1/27/2030 (c)		2,595,000		2,354,483
				3,858,444
Canada - 0.5%
Open Text Corp.
3.88%, 2/15/2028 (c)		1,106,000		961,070
Open Text Holdings, Inc.
4.13%, 2/15/2030 (c)		6,065,000		5,107,195
Transcanada Trust Series 16-A
5.87%, 8/15/2076 (d)		2,550,000		2,479,365
				8,547,630
Germany - 0.3%
IHO Verwaltungs GmbH
4.75%, (4.75% Cash or 5.50% PIK), 9/15/2026 (c)(e)		3,879,000		3,548,043
6.00%, (6.00% Cash or 6.75% PIK), 5/15/2027 (c)(e)		1,336,632		1,241,491
				4,789,534
Mexico - 0.7%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028‡ (c)		13,186,000		12,165,434

Poland - 0.3%
Canpack SA
3.13%, 11/1/2025 (c)		420,000		382,410
3.88%, 11/15/2029 (c)		6,197,000		5,145,927
				5,528,337
United Kingdom - 0.2%
BAT Capital Corp.
3.22%, 9/6/2026		2,425,000		2,284,175

United States - 7.9%
ACCO Brands Corp.
4.25%, 3/15/2029 (c)		7,408,000		6,408,327
Aircastle Ltd.
4.40%, 9/25/2023		984,000		975,480
American Airlines, Inc.
5.50%, 4/20/2026 (c)		4,267,833		4,183,863
5.75%, 4/20/2029 (c)		502,000		485,545
American Tower Corp.
REIT, 2.40%, 3/15/2025		115,000		109,046
AMN Healthcare, Inc.
4.63%, 10/1/2027 (c)		2,959,000		2,744,709
Aramark Services, Inc.
5.00%, 4/1/2025 (c)		2,141,000		2,108,885
5.00%, 2/1/2028 (c)		194,000		182,845
Ball Corp.
6.88%, 3/15/2028		752,000		775,575

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
Bank of New York Mellon Corp. (The)
Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 3.75%, 12/20/2026 (d)(f)		2,882,000		2,503,882
Carnival Corp.
4.00%, 8/1/2028 (c)		1,206,000		1,041,960
Centene Corp.
4.25%, 12/15/2027		2,873,000		2,755,983
4.63%, 12/15/2029		450,000		427,527
Charles River Laboratories International, Inc.
4.25%, 5/1/2028 (c)		2,282,000		2,111,603
3.75%, 3/15/2029 (c)		1,522,000		1,355,622
CITGO Petroleum Corp.
7.00%, 6/15/2025 (c)		8,657,000		8,584,108
6.38%, 6/15/2026 (c)		5,182,000		5,077,661
DCP Midstream Operating LP
6.45%, 11/3/2036 (c)		773,000		810,831
Delta Air Lines, Inc.
4.50%, 10/20/2025 (c)		5,641,167		5,573,819
DT Midstream, Inc.
4.13%, 6/15/2029 (c)		2,910,000		2,553,525
Edgewell Personal Care Co.
5.50%, 6/1/2028 (c)		1,770,000		1,676,208
4.13%, 4/1/2029 (c)		1,557,000		1,356,536
Embecta Corp.
5.00%, 2/15/2030 (c)		2,393,000		1,971,234
6.75%, 2/15/2030 (c)		2,292,000		2,062,318
HCA, Inc.
5.38%, 2/1/2025		1,500,000		1,505,666
5.88%, 2/15/2026		1,449,000		1,474,959
3.50%, 9/1/2030		1,588,000		1,423,369
Imola Merger Corp.
4.75%, 5/15/2029 (c)		3,133,000		2,725,710
Iron Mountain, Inc.
REIT, 5.25%, 3/15/2028 (c)		1,005,000		955,655
REIT, 5.00%, 7/15/2028 (c)		1,596,000		1,467,543
REIT, 4.88%, 9/15/2029 (c)		1,322,000		1,193,945
REIT, 5.25%, 7/15/2030 (c)		3,609,000		3,265,928
KFC Holding Co.
4.75%, 6/1/2027 (c)		1,472,000		1,427,840
Kinder Morgan Energy Partners LP
4.15%, 2/1/2024		2,700,000		2,674,198
Lamb Weston Holdings, Inc.
4.13%, 1/31/2030 (c)		1,583,000		1,426,679
Mileage Plus Holdings LLC
6.50%, 6/20/2027 (c)		4,895,609		4,946,082
MSCI, Inc.
4.00%, 11/15/2029 (c)		2,625,000		2,388,750
Pilgrim's Pride Corp.
5.88%, 9/30/2027 (c)		3,343,000		3,317,225
4.25%, 4/15/2031 (c)		2,699,000		2,341,383
Post Holdings, Inc.
5.75%, 3/1/2027 (c)		2,867,000		2,824,224
PRA Group, Inc.
7.38%, 9/1/2025 (c)		1,200,000		1,189,902
Roller Bearing Co. of America, Inc.
4.38%, 10/15/2029 (c)		2,635,000		2,374,319
Scripps Escrow II, Inc.
5.38%, 1/15/2031 (c)		64,000		51,648
SEG Holding LLC
5.63%, 10/15/2028 (c)		5,461,000		5,162,543
Service Corp. International
4.63%, 12/15/2027		699,000		664,537
5.13%, 6/1/2029		857,000		820,667
Spectrum Brands, Inc.
5.75%, 7/15/2025		1,520,000		1,507,337
Sylvamo Corp.
7.00%, 9/1/2029 (c)		2,234,000		2,136,061
Taylor Morrison Communities, Inc.
5.13%, 8/1/2030 (c)		2,000,000		1,829,000
Teleflex, Inc.
4.63%, 11/15/2027		2,919,000		2,786,806
4.25%, 6/1/2028 (c)		782,000		721,356
Truist Financial Corp.
Series N, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 4.80%, 9/1/2024 (d)(f)		11,982,000		11,481,333
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 10/15/2027		3,127,543		3,164,714
VICI Properties LP
REIT, 5.63%, 5/1/2024 (c)		1,586,000		1,582,683
WESCO Distribution, Inc.
7.25%, 6/15/2028 (c)		2,136,000		2,188,709
				130,857,863
TOTAL Corporate Bonds (Cost 174,654,697)				168,031,417

Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 9.1%

U.S. Treasury Bonds
6.13%, 11/15/2027 (g)		13,267,400		14,695,200
U.S. Treasury Inflation Linked Notes
0.63%, 1/15/2024		10,540,000		13,184,836
0.38%, 7/15/2025		9,475,000		11,505,426
0.13%, 4/15/2027		12,630,800		12,577,085
U.S. Treasury Notes
0.25%, 6/15/2023		7,865,200		7,736,162
2.63%, 12/31/2023 (g)		19,435,700		19,064,448
2.50%, 1/31/2024		14,953,900		14,628,536
1.75%, 6/30/2024		14,117,000		13,578,238
1.75%, 12/31/2024		16,847,000		16,088,227

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
1.75%, 3/15/2025		4,180,000		3,979,001
0.38%, 12/31/2025		17,607,700		15,948,724
1.75%, 12/31/2026		9,210,000		8,563,501
TOTAL U.S. Treasury Obligations (Cost 155,821,528)				151,549,384

Investments	Ounces		Value ($)
COMMODITIES - 6.5%

Gold bullion* (Cost $69,667,432)		56,395		108,732,506

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 3.7%

United States - 3.7%
Enterprise Products Partners LP		1,203,180		30,801,408
Magellan Midstream Partners LP (a)		595,232		31,785,389
TOTAL Master Limited Partnerships (Cost 53,608,809)				62,586,797

Investments	Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 1.7%

Brazil - 0.2%
Notas do Tesouro Nacional
10.00%, 1/1/2025	BRL	21,000,000		3,982,252

Colombia - 0.3%
Titulos de Tesoreria
Series B, 5.75%, 11/3/2027	COP	19,880,400,000		3,327,580
3.00%, 1/30/2030		2,690,000		2,094,506
				5,422,086
Italy - 0.2%
Republic of Italy
2.38%, 10/17/2024		3,300,000		3,124,717

Mexico - 0.4%
Mex Bonos Desarr Fix Rt
Series M, 8.00%, 12/7/2023	MXN	68,770,000		3,570,795
Series M, 5.75%, 3/5/2026	MXN	56,800,000		2,731,727
				6,302,522
Saudi Arabia - 0.1%
Kingdom of Saudi Arabia
4.75%, 1/18/2028 (c)		800,000		810,240

Singapore - 0.3%
Republic of Singapore
1.25%, 11/1/2026	SGD	7,592,000		5,449,852

South Korea - 0.2%
Republic of Korea
1.25%, 3/10/2026	KRW	4,480,550,000		3,414,601

TOTAL Foreign Government Securities (Cost 30,517,652)				28,506,270

Investments	Principal Amount ($)		Value ($)
CONVERTIBLE PREFERRED STOCKS - 1.6%

United States - 1.6%
Bank of America Corp.
Series L, 7.25%, (f)		10,496		13,059,123
Wells Fargo & Co.
Series L, 7.50%, (f)		11,123		13,992,623
TOTAL Convertible Preferred Stocks (Cost 30,438,618)				27,051,746

Investments	Shares		Value ($)
PREFERRED STOCKS - 1.2%

United States - 1.2%
Charles Schwab Corp. (The)
Series D 5.95%, 03/01/23 (f)		46,239		1,162,911
General American Investors Co., Inc.
Series B 5.95%, 12/03/21 (f)		4,712		122,621
MetLife, Inc.
Series A(ICE LIBOR USD 3 Month + 1.00%, 4.00% Floor), 5.75%, 12/03/21 (d)(f)		128,986		3,051,809
Northern Trust Corp.
Series E 4.70%, 01/01/25 (f)		101,453		2,318,201
State Street Corp.
Series G(ICE LIBOR USD 3 Month + 3.71%), 5.35%, 03/15/26 (d)(f)		57,946		1,515,288
Truist Financial Corp.
Series R 4.75%, 09/01/25 (f)		383,073		8,504,220
US Bancorp
Series B(ICE LIBOR USD 3 Month + 0.60%), 5.39%, 12/03/21 (d)(f)		140,375		2,863,650
TOTAL Preferred Stocks (Cost 20,485,647)				19,538,700

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
CLOSED END FUNDS - 0.8%
United Kingdom - 0.8%
Caledonia Investments plc (Cost $11,116,587)		310,700		13,777,191

Investments	Principal Amount ($)		Value ($)
LOAN ASSIGNMENTS - 0.1%

United States - 0.1%
Aramark Intermediate HoldCo Corp., Term Loan B3
(ICE LIBOR USD 1 Month + 1.75%), 6.32%, 3/11/2025 (d) (Cost $1,483,815)		1,500,000		1,488,435

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 1.1%

COMMERCIAL PAPER - 1.1%
Arrow Electronics, Inc.
4.80%, 2/1/2023 (h)		1,874,000		1,873,747
CenterPoint Energy, Inc.
4.50%, 2/1/2023 (h)		2,104,000		2,103,734
Entergy Corp.
4.50%, 2/1/2023 (c)(h)		2,143,000		2,142,730
General Motors Financial Co., Inc.
4.75%, 2/1/2023 (h)		4,286,000		4,285,430
Mitsui & Co. USA, Inc.
4.31%, 2/1/2023 (h)		1,948,000		1,947,767
Walgreens Boots Alliance, Inc.
4.65%, 2/1/2023 (c)(h)		6,468,000		6,467,166
TOTAL COMMERCIAL PAPER (Cost $18,822,999)				18,820,574

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (i)
JP Morgan U.S. Government Money Market Fund, Capital Shares 4.20% (j) (Cost $6,455)		6,455		6,455

TOTAL SHORT-TERM INVESTMENTS (Cost $18,829,454)				18,827,029

Total Investments - 99.6% (Cost $1,495,670,041)				1,662,611,433
Other assets less liabilities - 0.4%				6,013,607
Net Assets - 100.0%				1,668,625,040

*	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)	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.
(c)	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, 2023 amounted to $138,415,056, which represents approximately 8.30% of net assets of the Fund.
(d)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2023.
(e)	Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
(f)	Perpetual security. The rate reflected was the rate in effect on January 31, 2023. The maturity date reflects the next call date.
(g)	All or a portion of this security is pledged with the custodian for current or potential holdings of forward foreign currency exchange contracts.
(h)	The rate shown was the current yield as of January 31, 2023.
(i)	Represents less than 0.05% of net assets.
(j)	Represents 7-day effective yield as of January 31, 2023.

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2023

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation) ($)
USD	3,602,763	EUR	3,461,000	UBS AG	2/15/2023	(163,054	)
USD	3,611,346	EUR	3,461,000	Bank of New York Mellon	3/15/2023	(160,882	)
USD	3,895,931	EUR	3,664,000	Goldman Sachs	4/19/2023	(106,127	)
USD	2,380,016	GBP	1,946,000	Goldman Sachs	4/19/2023	(23,045	)
USD	3,561,387	EUR	3,294,000	JPMorgan Chase Bank	5/17/2023	(41,912	)
USD	2,637,625	GBP	2,172,000	JPMorgan Chase Bank	5/17/2023	(45,929	)
Net unrealized depreciation						(540,949	)

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Written Call Options Contracts as of January 31, 2023 :

Description	Counterparty	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value ($)
Analog Devices, Inc.	Exchange Traded	99	USD	(1,697,553	)	USD	230.00	9/15/2023		(11,137	)
Bank of New York Mellon Corp. (The)	Exchange Traded	336	USD	(1,699,152	)	USD	55.00	6/16/2023		(36,960	)
Bank of New York Mellon Corp. (The)	Exchange Traded	327	USD	(1,653,639	)	USD	60.00	6/16/2023		(8,175	)
Bank of New York Mellon Corp. (The)	Exchange Traded	328	USD	(1,658,696	)	USD	60.00	9/15/2023		(26,240	)
Bank of New York Mellon Corp. (The)	Exchange Traded	329	USD	(1,663,753	)	USD	65.00	9/15/2023		(9,048	)
Becton Dickinson & Co.	Exchange Traded	66	USD	(1,664,652	)	USD	300.00	9/15/2023		(22,440	)
Boston Properties, Inc., REIT	Exchange Traded	463	USD	(3,451,202	)	USD	85.00	7/21/2023		(71,765	)
Boston Properties, Inc., REIT	Exchange Traded	224	USD	(1,669,696	)	USD	90.00	7/21/2023		(16,800	)
CH Robinson Worldwide, Inc.	Exchange Traded	170	USD	(1,702,890	)	USD	120.00	5/19/2023		(12,750	)
CH Robinson Worldwide, Inc.	Exchange Traded	178	USD	(1,783,026	)	USD	120.00	7/21/2023		(29,370	)
CH Robinson Worldwide, Inc.	Exchange Traded	170	USD	(1,702,890	)	USD	125.00	5/19/2023		(6,375	)
CH Robinson Worldwide, Inc.	Exchange Traded	175	USD	(1,752,975	)	USD	125.00	7/21/2023		(14,875	)
Coca-Cola Femsa SAB de CV	Exchange Traded	464	USD	(3,534,752	)	USD	80.00	2/17/2023		(13,920	)
Coca-Cola Femsa SAB de CV	Exchange Traded	226	USD	(1,721,668	)	USD	90.00	8/18/2023		(23,165	)
Colgate-Palmolive Co.	Exchange Traded	196	USD	(1,460,788	)	USD	90.00	5/19/2023		(3,920	)
Colgate-Palmolive Co.	Exchange Traded	210	USD	(1,565,130	)	USD	90.00	8/18/2023		(3,675	)
Comcast Corp., Class A	Exchange Traded	434	USD	(1,707,790	)	USD	50.00	6/16/2023		(6,293	)
Elevance Health, Inc.	Exchange Traded	30	USD	(1,499,970	)	USD	500.00	3/17/2023		(46,560	)
Elevance Health, Inc.	Exchange Traded	31	USD	(1,549,969	)	USD	510.00	6/16/2023		(83,452	)
Elevance Health, Inc.	Exchange Traded	29	USD	(1,449,971	)	USD	540.00	6/16/2023		(42,775	)
Elevance Health, Inc.	Exchange Traded	29	USD	(1,449,971	)	USD	550.00	3/17/2023		(6,090	)
Exxon Mobil Corp.	Exchange Traded	144	USD	(1,670,544	)	USD	120.00	2/17/2023		(13,824	)
Exxon Mobil Corp.	Exchange Traded	161	USD	(1,867,761	)	USD	120.00	6/16/2023		(93,380	)
Exxon Mobil Corp.	Exchange Traded	134	USD	(1,554,534	)	USD	125.00	3/17/2023		(14,070	)
Exxon Mobil Corp.	Exchange Traded	138	USD	(1,600,938	)	USD	130.00	2/17/2023		(414	)
Exxon Mobil Corp.	Exchange Traded	134	USD	(1,554,534	)	USD	130.00	3/17/2023		(4,824	)
Exxon Mobil Corp.	Exchange Traded	141	USD	(1,635,741	)	USD	135.00	3/17/2023		(1,692	)
Exxon Mobil Corp.	Exchange Traded	141	USD	(1,635,741	)	USD	140.00	3/17/2023		(564	)
Exxon Mobil Corp.	Exchange Traded	129	USD	(1,496,529	)	USD	145.00	3/17/2023		(387	)
Exxon Mobil Corp.	Exchange Traded	149	USD	(1,728,549	)	USD	145.00	6/16/2023		(6,705	)
Exxon Mobil Corp.	Exchange Traded	129	USD	(1,496,529	)	USD	150.00	3/17/2023		(516	)
Exxon Mobil Corp.	Exchange Traded	147	USD	(1,705,347	)	USD	150.00	6/16/2023		(3,381	)
Exxon Mobil Corp.	Exchange Traded	145	USD	(1,682,145	)	USD	155.00	7/21/2023		(4,132	)
Exxon Mobil Corp.	Exchange Traded	143	USD	(1,658,943	)	USD	160.00	7/21/2023		(2,288	)
Fidelity National Information Services, Inc.	Exchange Traded	221	USD	(1,658,384	)	USD	90.00	2/17/2023		(4,420	)
Fidelity National Information Services, Inc.	Exchange Traded	208	USD	(1,560,832	)	USD	90.00	4/21/2023		(11,440	)
General Dynamics Corp.	Exchange Traded	72	USD	(1,678,032	)	USD	290.00	8/18/2023		(4,680	)
HCA Healthcare, Inc.	Exchange Traded	47	USD	(1,198,829	)	USD	220.00	3/17/2023		(174,135	)
HCA Healthcare, Inc.	Exchange Traded	125	USD	(3,188,375	)	USD	230.00	3/17/2023		(353,125	)
HCA Healthcare, Inc.	Exchange Traded	152	USD	(3,877,064	)	USD	240.00	3/17/2023		(287,280	)
HCA Healthcare, Inc.	Exchange Traded	135	USD	(3,443,445	)	USD	250.00	3/17/2023		(175,500	)
HCA Healthcare, Inc.	Exchange Traded	64	USD	(1,632,448	)	USD	290.00	3/17/2023		(8,000	)
HCA Healthcare, Inc.	Exchange Traded	64	USD	(1,632,448	)	USD	290.00	6/16/2023		(41,600	)
HCA Healthcare, Inc.	Exchange Traded	64	USD	(1,632,448	)	USD	310.00	9/15/2023		(37,120	)
HCA Healthcare, Inc.	Exchange Traded	65	USD	(1,657,955	)	USD	320.00	6/16/2023		(7,800	)
HCA Healthcare, Inc.	Exchange Traded	64	USD	(1,632,448	)	USD	320.00	9/15/2023		(25,280	)
IDACORP, Inc.	Exchange Traded	128	USD	(1,354,368	)	USD	130.00	2/17/2023		(61,440	)
Kraft Heinz Co. (The)	Exchange Traded	407	USD	(1,649,571	)	USD	42.50	4/21/2023		(31,339	)
Kraft Heinz Co. (The)	Exchange Traded	381	USD	(1,544,193	)	USD	50.00	7/21/2023		(4,953	)

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Description	Counterparty	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value ($)
Magellan Midstream Partners LP	Exchange Traded	275	USD	(1,468,500	)	USD	60.00	4/21/2023		(2,750	)
Oracle Corp.	Exchange Traded	187	USD	(1,654,202	)	USD	85.00	3/17/2023		(104,720	)
Oracle Corp.	Exchange Traded	187	USD	(1,654,202	)	USD	87.50	2/17/2023		(43,010	)
Oracle Corp.	Exchange Traded	188	USD	(1,663,048	)	USD	100.00	3/17/2023		(5,640	)
Philip Morris International, Inc.	Exchange Traded	149	USD	(1,553,176	)	USD	115.00	3/17/2023		(2,608	)
Philip Morris International, Inc.	Exchange Traded	149	USD	(1,553,176	)	USD	120.00	3/17/2023		(2,235	)
Philip Morris International, Inc.	Exchange Traded	155	USD	(1,615,720	)	USD	120.00	6/16/2023		(6,975	)
Philip Morris International, Inc.	Exchange Traded	152	USD	(1,584,448	)	USD	125.00	6/16/2023		(3,040	)
Philip Morris International, Inc.	Exchange Traded	165	USD	(1,719,960	)	USD	125.00	9/15/2023		(10,725	)
Philip Morris International, Inc.	Exchange Traded	149	USD	(1,553,176	)	USD	130.00	6/16/2023		(2,980	)
Ross Stores, Inc.	Exchange Traded	183	USD	(2,162,877	)	USD	100.00	5/19/2023		(429,135	)
Schlumberger Ltd.	Exchange Traded	276	USD	(1,572,648	)	USD	70.00	2/17/2023		(828	)
Schlumberger Ltd.	Exchange Traded	301	USD	(1,715,098	)	USD	75.00	5/19/2023		(11,438	)
Schlumberger Ltd.	Exchange Traded	290	USD	(1,652,420	)	USD	80.00	8/18/2023		(20,300	)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR	Exchange Traded	181	USD	(1,678,413	)	USD	100.00	2/17/2023		(7,240	)
Texas Instruments, Inc.	Exchange Traded	87	USD	(1,541,727	)	USD	195.00	2/17/2023		(1,740	)
Texas Instruments, Inc.	Exchange Traded	87	USD	(1,541,727	)	USD	210.00	4/21/2023		(4,002	)
Texas Instruments, Inc.	Exchange Traded	92	USD	(1,630,332	)	USD	220.00	4/21/2023		(1,564	)
Texas Instruments, Inc.	Exchange Traded	90	USD	(1,594,890	)	USD	230.00	4/21/2023		(720	)
UGI Corp.	Exchange Traded	399	USD	(1,589,217	)	USD	40.00	2/17/2023		(31,920	)
Union Pacific Corp.	Exchange Traded	65	USD	(1,327,235	)	USD	220.00	5/19/2023		(25,805	)
Universal Health Services, Inc., Class B	Exchange Traded	104	USD	(1,541,384	)	USD	160.00	2/17/2023		(6,240	)
Universal Health Services, Inc., Class B	Exchange Traded	88	USD	(1,304,248	)	USD	160.00	3/17/2023		(20,680	)
Walmart, Inc.	Exchange Traded	99	USD	(1,424,313	)	USD	165.00	2/17/2023		(99	)
Walmart, Inc.	Exchange Traded	113	USD	(1,625,731	)	USD	170.00	3/17/2023		(791	)
Wells Fargo & Co.	Exchange Traded	355	USD	(1,663,885	)	USD	52.50	7/21/2023		(41,890	)
Wells Fargo & Co.	Exchange Traded	322	USD	(1,509,214	)	USD	55.00	3/17/2023		(966	)
Wells Fargo & Co.	Exchange Traded	322	USD	(1,509,214	)	USD	55.00	4/21/2023		(5,474	)
Wells Fargo & Co.	Exchange Traded	372	USD	(1,743,564	)	USD	55.00	7/21/2023		(23,808	)
Weyerhaeuser Co., REIT	Exchange Traded	529	USD	(1,821,347	)	USD	38.00	7/21/2023		(33,063	)
										(2,722,460	)
Total Written Options Contracts (Premiums Received ($2,447,564))										(2,722,460	)

Abbreviations
ADR	American Depositary Receipt
BRL	Brazilian real
COP	Colombian Peso
EUR	Euro
Fix Rt	Fixed Rate
GBP	British Pound
ICE	Intercontinental Exchange
KRW	Korea (Rep.) Won
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
SGD	Singapore Dollar
USD	United States Dollar

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.6	%
Air Freight & Logistics		0.6
Airlines		1.1
Auto Components		0.3
Banks		6.8
Beverages		4.3
Capital Markets		1.7
Chemicals		1.1
Commercial Services & Supplies		1.4
Commodities		6.5
Consumer Finance		0.1
Containers & Packaging		0.3
Diversified Consumer Services		0.1
Diversified Financial Services		5.1
Electric Utilities		0.3
Electrical Equipment		0.0	*
Electronic Equipment, Instruments & Components		0.0	*
Energy Equipment & Services		0.6
Equity Real Estate Investment Trusts (REITs)		2.7
Food & Staples Retailing		0.8
Food Products		5.3
Foreign Government Securities		1.7
Gas Utilities		0.4
Health Care Equipment & Supplies		1.2
Health Care Providers & Services		2.5
Hotels, Restaurants & Leisure		0.9
Household Durables		0.8
Household Products		2.5
Industrial Conglomerates		2.4
Insurance		2.5
IT Services		0.3
Leisure Products		0.3
Life Sciences Tools & Services		0.2
Machinery		1.8
Media		1.2
Metals & Mining		2.6
Oil, Gas & Consumable Fuels		8.9
Paper & Forest Products		0.1
Personal Products		3.7
Pharmaceuticals		1.7
Professional Services		0.2
Real Estate Management & Development		2.2
Road & Rail		0.1
Semiconductors & Semiconductor Equipment		1.6
Software		0.8
Specialty Retail		0.5
Technology Hardware, Storage & Peripherals		0.5
Textiles, Apparel & Luxury Goods		1.3
Tobacco		6.1
Trading Companies & Distributors		0.7
U.S. Treasury Obligations		9.1
Short-Term Investments		1.1
Total Investments		99.6	%

*Less than 0.05%

See Notes to Schedule of Investments.

(Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 89.1%

Australia - 0.9%
Coronado Finance Pty. Ltd.
10.75%, 5/15/2026 (a)		867,000		893,717
Nufarm Australia Ltd.
5.00%, 1/27/2030 (a)		859,000		779,384
				1,673,101
Canada - 4.0%
Kronos Acquisition Holdings, Inc.
5.00%, 12/31/2026 (a)		2,000,000		1,815,500
7.00%, 12/31/2027 (a)		932,000		812,238
Open Text Corp.
3.88%, 2/15/2028 (a)		2,190,000		1,903,023
Open Text Holdings, Inc.
4.13%, 2/15/2030 (a)		393,000		330,936
Precision Drilling Corp.
6.88%, 1/15/2029 (a)		1,944,000		1,872,539
Ritchie Bros Auctioneers, Inc.
5.38%, 1/15/2025 (a)		634,000		626,192
				7,360,428
Germany - 4.4%
Cheplapharm Arzneimittel GmbH
5.50%, 1/15/2028 (a)		2,640,000		2,356,359
IHO Verwaltungs GmbH
4.75%, (4.75% Cash or 5.50% PIK) 9/15/2026 (a)(b)		3,041,000		2,781,542
6.00%, (6.00% Cash or 6.75% PIK) 5/15/2027 (a)(b)		1,280,244		1,189,116
6.37%, (6.38% Cash or 7.13% PIK) 5/15/2029 (a)(b)		689,000		602,840
Mercer International, Inc.
5.13%, 2/1/2029		1,395,000		1,193,004
				8,122,861
Mexico - 1.9%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028‡ (a)		3,626,000		3,345,356
Petroleos Mexicanos
6.70%, 2/16/2032		200,000		166,013
				3,511,369
Poland - 1.1%
Canpack SA
3.13%, 11/1/2025 (a)		200,000		182,100
3.88%, 11/15/2029 (a)		2,147,000		1,782,847
				1,964,947
Singapore - 0.6%
Avation Capital SA
6.50%, (8.25% Cash or 9.00% PIK) 10/31/2026 (a)(b)		1,250,917		1,062,758

United Kingdom - 0.6%
Petrofac Ltd.
9.75%, 11/15/2026 (a)		1,600,000		1,024,838

United States - 75.6%
ACCO Brands Corp.
4.25%, 3/15/2029 (a)		2,114,000		1,828,726
American Airlines, Inc.
5.50%, 4/20/2026 (a)		1,251,333		1,226,713
5.75%, 4/20/2029 (a)		185,000		178,936
AMN Healthcare, Inc.
4.63%, 10/1/2027 (a)		2,626,000		2,435,825
4.00%, 4/15/2029 (a)		1,609,000		1,395,695
Antero Midstream Partners LP
7.88%, 5/15/2026 (a)		615,000		631,144
5.38%, 6/15/2029 (a)		1,294,000		1,201,802
Antero Resources Corp.
8.38%, 7/15/2026 (a)		604,000		633,958
Aramark Services, Inc.
5.00%, 4/1/2025 (a)		623,000		613,655
6.38%, 5/1/2025 (a)		1,163,000		1,163,291
5.00%, 2/1/2028 (a)		57,000		53,722
Arcosa, Inc.
4.38%, 4/15/2029 (a)		163,000		145,769
Arko Corp.
5.13%, 11/15/2029 (a)		1,000,000		792,700
Ashland LLC
3.38%, 9/1/2031 (a)		1,500,000		1,245,000
Avantor Funding, Inc.
3.88%, 11/1/2029 (a)		2,000,000		1,758,120
Ball Corp.
6.88%, 3/15/2028		367,000		378,505
Boyd Gaming Corp.
4.75%, 12/1/2027		872,000		828,982
4.75%, 6/15/2031 (a)		162,000		145,769
BWX Technologies, Inc.
4.13%, 6/30/2028 (a)		1,000,000		902,506
4.13%, 4/15/2029 (a)		653,000		584,454
Carnival Corp.
5.75%, 3/1/2027 (a)		1,242,000		1,030,860
4.00%, 8/1/2028 (a)		424,000		366,328
Centene Corp.
4.25%, 12/15/2027		2,641,000		2,533,432
4.63%, 12/15/2029		809,000		768,599
Charles River Laboratories International, Inc.
4.25%, 5/1/2028 (a)		857,000		793,008
3.75%, 3/15/2029 (a)		1,182,000		1,052,789
Cinemark USA, Inc.
8.75%, 5/1/2025 (a)		1,603,000		1,632,580
CITGO Petroleum Corp.
7.00%, 6/15/2025 (a)		3,956,000		3,922,690
6.38%, 6/15/2026 (a)		802,000		785,852
CNX Midstream Partners LP
4.75%, 4/15/2030 (a)		1,079,000		912,974
CNX Resources Corp.
7.38%, 1/15/2031 (a)		250,000		243,123

See Notes to Schedule of Investments.

(Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
Cogent Communications Group, Inc.
3.50%, 5/1/2026 (a)		648,000		599,954
Conduent Business Services LLC
6.00%, 11/1/2029 (a)		2,000,000		1,770,000
Consensus Cloud Solutions, Inc.
6.00%, 10/15/2026 (a)		3,000,000		2,866,929
Crestwood Midstream Partners LP
6.00%, 2/1/2029 (a)		1,868,000		1,772,111
7.38%, 2/1/2031 (a)		1,000,000		1,006,250
Crocs, Inc.
4.13%, 8/15/2031 (a)		500,000		415,815
Crown Americas LLC
4.75%, 2/1/2026		1,844,000		1,801,477
Dana, Inc.
5.38%, 11/15/2027		1,255,000		1,192,520
DaVita, Inc.
4.63%, 6/1/2030 (a)		2,234,000		1,882,145
Delta Air Lines, Inc.
4.50%, 10/20/2025 (a)		2,197,849		2,171,610
7.38%, 1/15/2026		1,528,000		1,590,409
DT Midstream, Inc.
4.13%, 6/15/2029 (a)		1,243,000		1,090,732
Dycom Industries, Inc.
4.50%, 4/15/2029 (a)		2,065,000		1,848,691
Edgewell Personal Care Co.
5.50%, 6/1/2028 (a)		618,000		585,252
4.13%, 4/1/2029 (a)		669,000		582,866
Embecta Corp.
5.00%, 2/15/2030 (a)		801,000		659,824
6.75%, 2/15/2030 (a)		693,000		623,554
Energizer Holdings, Inc.
4.75%, 6/15/2028 (a)		8,000		7,160
4.38%, 3/31/2029 (a)		871,000		756,394
EnLink Midstream LLC
6.50%, 9/1/2030 (a)		1,000,000		1,018,750
Entegris Escrow Corp.
4.75%, 4/15/2029 (a)		1,000,000		937,239
Fair Isaac Corp.
4.00%, 6/15/2028 (a)		2,169,000		2,013,927
Frontier Communications Holdings LLC
5.88%, 10/15/2027 (a)		914,000		872,797
6.75%, 5/1/2029 (a)		308,000		264,110
6.00%, 1/15/2030 (a)		1,000,000		821,430
G-III Apparel Group Ltd.
7.88%, 8/15/2025 (a)		2,000,000		1,899,517
Gray Escrow II, Inc.
5.38%, 11/15/2031 (a)		1,000,000		769,025
Hawaiian Brand Intellectual Property Ltd.
5.75%, 1/20/2026 (a)		1,240,000		1,184,188
HCA, Inc.
3.50%, 9/1/2030		607,000		544,071
Hertz Corp. (The)
5.00%, 12/1/2029 (a)		2,000,000		1,635,000
Howard Hughes Corp. (The)
4.38%, 2/1/2031 (a)		62,000		51,518
Imola Merger Corp.
4.75%, 5/15/2029 (a)		1,184,000		1,030,080
Ingles Markets, Inc.
4.00%, 6/15/2031 (a)		1,500,000		1,292,443
Interface, Inc.
5.50%, 12/1/2028 (a)		2,794,000		2,347,379
International Game Technology plc
5.25%, 1/15/2029 (a)		967,000		928,030
IQVIA, Inc.
5.00%, 10/15/2026 (a)		800,000		780,000
5.00%, 5/15/2027 (a)		1,075,000		1,043,191
Iron Mountain, Inc.
REIT, 5.25%, 3/15/2028 (a)		621,000		590,509
REIT, 5.00%, 7/15/2028 (a)		220,000		202,293
REIT, 4.88%, 9/15/2029 (a)		870,000		785,727
REIT, 5.25%, 7/15/2030 (a)		763,000		690,469
REIT, 4.50%, 2/15/2031 (a)		940,000		805,477
ITT Holdings LLC
6.50%, 8/1/2029 (a)		1,250,000		1,085,938
Jefferies Finance LLC
5.00%, 8/15/2028 (a)		1,150,000		975,367
Kaiser Aluminum Corp.
4.63%, 3/1/2028 (a)		1,312,000		1,197,856
Koppers, Inc.
6.00%, 2/15/2025 (a)		2,389,000		2,353,165
Lamb Weston Holdings, Inc.
4.88%, 5/15/2028 (a)		581,000		561,925
4.13%, 1/31/2030 (a)		1,117,000		1,006,696
Level 3 Financing, Inc.
4.25%, 7/1/2028 (a)		589,000		466,777
Macy's Retail Holdings LLC
5.88%, 3/15/2030 (a)		250,000		228,193
6.13%, 3/15/2032 (a)		500,000		447,500
Maxar Technologies, Inc.
7.75%, 6/15/2027 (a)		2,000,000		2,091,200
MGIC Investment Corp.
5.25%, 8/15/2028		612,000		576,932
Mileage Plus Holdings LLC
6.50%, 6/20/2027 (a)		699,205		706,413
Moog, Inc.
4.25%, 12/15/2027 (a)		155,000		143,763
MSCI, Inc.
4.00%, 11/15/2029 (a)		1,000,000		910,000
Mueller Water Products, Inc.
4.00%, 6/15/2029 (a)		646,000		572,951
Oxford Finance LLC
6.38%, 2/1/2027 (a)		250,000		239,108
PennyMac Financial Services, Inc.
5.75%, 9/15/2031 (a)		1,000,000		840,496
Pilgrim's Pride Corp.
5.88%, 9/30/2027 (a)		638,000		633,081
4.25%, 4/15/2031 (a)		2,347,000		2,036,023
Post Holdings, Inc.
5.75%, 3/1/2027 (a)		1,786,000		1,759,353
PRA Group, Inc.
7.38%, 9/1/2025 (a)		2,000,000		1,983,169
Radian Group, Inc.
4.50%, 10/1/2024		645,000		623,601
Range Resources Corp.
4.75%, 2/15/2030 (a)		1,000,000		895,754

See Notes to Schedule of Investments.

(Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Principal Amount ($)		Value ($)
Roller Bearing Co. of America, Inc.
4.38%, 10/15/2029 (a)		1,019,000		918,190
Royal Caribbean Cruises Ltd.
11.50%, 6/1/2025 (a)		596,000		639,973
5.50%, 8/31/2026 (a)		1,000,000		894,962
5.38%, 7/15/2027 (a)		100,000		86,988
8.25%, 1/15/2029 (a)		500,000		522,500
SBA Communications Corp.
REIT, 3.88%, 2/15/2027		609,000		562,433
Scripps Escrow II, Inc.
5.38%, 1/15/2031 (a)		2,452,000		1,978,764
Sealed Air Corp.
4.00%, 12/1/2027 (a)		1,252,000		1,158,163
6.13%, 2/1/2028 (a)		250,000		252,225
SEG Holding LLC
5.63%, 10/15/2028 (a)		3,198,000		3,023,221
Service Corp. International
4.63%, 12/15/2027		124,000		117,886
5.13%, 6/1/2029		125,000		119,701
Shea Homes LP
4.75%, 2/15/2028		668,000		595,282
Spirit Loyalty Cayman Ltd.
8.00%, 9/20/2025 (a)		1,000,000		1,024,980
Sprint LLC
7.88%, 9/15/2023		2,500,000		2,537,183
Staples, Inc.
10.75%, 4/15/2027 (a)		500,000		378,750
Sunoco LP
4.50%, 4/30/2030		2,000,000		1,781,700
Sylvamo Corp.
7.00%, 9/1/2029 (a)		397,000		379,596
Teleflex, Inc.
4.63%, 11/15/2027		1,005,000		959,486
4.25%, 6/1/2028 (a)		1,026,000		946,434
Thor Industries, Inc.
4.00%, 10/15/2029 (a)		1,250,000		1,039,400
Triton Water Holdings, Inc.
6.25%, 4/1/2029 (a)		2,138,000		1,697,056
Turning Point Brands, Inc.
5.63%, 2/15/2026 (a)		1,830,000		1,658,109
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 10/15/2027		587,027		594,004
United Airlines, Inc.
4.38%, 4/15/2026 (a)		343,000		325,622
4.63%, 4/15/2029 (a)		229,000		208,873
United Natural Foods, Inc.
6.75%, 10/15/2028 (a)		1,530,000		1,476,450
United Rentals North America, Inc.
6.00%, 12/15/2029 (a)		100,000		101,500
United Wholesale Mortgage LLC
5.50%, 4/15/2029 (a)		326,000		280,311
VICI Properties LP
REIT, 4.25%, 12/1/2026 (a)		245,000		231,219
REIT, 5.75%, 2/1/2027 (a)		2,415,000		2,402,321
REIT, 3.75%, 2/15/2027 (a)		305,000		281,803
REIT, 4.13%, 8/15/2030 (a)		305,000		272,819
Vista Outdoor, Inc.
4.50%, 3/15/2029 (a)		3,203,000		2,594,430
WESCO Distribution, Inc.
7.25%, 6/15/2028 (a)		1,850,000		1,895,651
White Cap Parent LLC
8.25%, (8.25% Cash or 9.00% PIK) 3/15/2026 (a)(b)		1,972,000		1,799,450
Wyndham Hotels & Resorts, Inc.
4.38%, 8/15/2028 (a)		1,222,000		1,127,057
Ziff Davis, Inc.
4.63%, 10/15/2030 (a)		1,588,000		1,407,063
ZipRecruiter, Inc.
5.00%, 1/15/2030 (a)		500,000		435,000
				138,960,186
Total Corporate Bonds (Cost 177,233,340)				163,680,488

Investments	Principal Amount ($)		Value ($)
LOAN ASSIGNMENTS - 1.5%

United States - 1.5%
Aramark Intermediate HoldCo Corp., Term Loan B3
(ICE LIBOR USD 1 Month + 1.75%), 6.32%, 3/11/2025 (c)		1,750,000		1,736,507
BJ's Wholesale Club, Inc., 1st Lien Term Loan B
(ICE LIBOR USD 1 Month + 2.75%), 7.11%, 2/3/2027 (c)		1,070,112		1,070,444

TOTAL Loan Assignments (Cost 2,800,590)				2,806,951

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 8.4%

COMMERCIAL PAPER - 8.4%
Arrow Electronics, Inc.
4.80%, 2/1/2023 (d)		1,533,000		1,532,793
CenterPoint Energy, Inc.
4.50%, 2/1/2023 (d)		1,721,000		1,720,782
Entergy Corp.
4.50%, 2/1/2023 (a)(d)		1,753,000		1,752,779
General Motors Financial Co., Inc.
4.75%, 2/1/2023 (d)		3,505,000		3,504,534
Mitsui & Co. USA, Inc.
4.31%, 2/1/2023 (d)		1,593,000		1,592,810
Walgreens Boots Alliance, Inc.
4.65%, 2/1/2023 (a)(d)		5,289,000		5,288,318
TOTAL COMMERCIAL PAPER (Cost $15,394,000)				15,392,016

See Notes to Schedule of Investments.

(Continued)

First Eagle High Income Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (e)
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (f) (Cost $4,679)		4,679		4,679

TOTAL SHORT-TERM INVESTMENTS (Cost $15,398,679)				15,396,695

Total Investments - 99.0% (Cost $195,432,609)				181,884,134
Other assets less liabilities - 1.0%				1,888,254
Net Assets - 100.0%				183,772,388

‡	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, 2023 amounted to $151,256,365, which represents approximately 82.31% 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)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2023.
(d)	The rate shown was the current yield as of January 31, 2023.
(e)	Represents less than 0.05% of net assets.
(f)	Represents 7-day effective yield as of January 31, 2023.

Abbreviations
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, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		2.0	%
Airlines		5.0
Auto Components		3.1
Automobiles		0.6
Beverages		0.9
Capital Markets		0.5
Chemicals		2.4
Commercial Services & Supplies		4.6
Construction & Engineering		1.1
Consumer Finance		1.7
Containers & Packaging		3.0
Diversified Consumer Services		0.1
Diversified Financial Services		2.5
Diversified Telecommunication Services		1.3
Energy Equipment & Services		1.6
Entertainment		0.9
Equity Real Estate Investment Trusts (REITs)		3.7
Food & Staples Retailing		3.7
Food Products		3.3
Health Care Equipment & Supplies		2.7
Health Care Providers & Services		3.1
Health Care Technology		1.0
Hotels, Restaurants & Leisure		3.6
Household Durables		0.3
Household Products		1.8
Interactive Media & Services		1.0
IT Services		1.3
Leisure Products		1.4
Life Sciences Tools & Services		1.0
Machinery		0.8
Media		1.5
Metals & Mining		0.7
Multiline Retail		0.4
Oil, Gas & Consumable Fuels		9.8
Paper & Forest Products		0.9
Personal Products		0.6
Pharmaceuticals		1.3
Professional Services		2.1
Real Estate Management & Development		0.0	*
Road & Rail		0.9
Semiconductors & Semiconductor Equipment		0.5
Software		3.9
Specialty Retail		1.6
Textiles, Apparel & Luxury Goods		1.3
Thrifts & Mortgage Finance		1.2
Tobacco		0.9
Trading Companies & Distributors		1.6
Wireless Telecommunication Services		1.4
Short-Term Investments		8.4
Total Investments		99.0	%

* Less than 0.05%

See Notes to Schedule of Investments.

(Continued)

First Eagle Fund of America
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 95.0%

Air Freight & Logistics - 5.9%
CH Robinson Worldwide, Inc.		114,305		11,449,932
Expeditors International of Washington, Inc.		101,436		10,970,303
				22,420,235
Beverages - 3.9%
PepsiCo, Inc.		85,057		14,546,448

Capital Markets - 3.1%
Bank of New York Mellon Corp. (The)		234,559		11,861,649

Electronic Equipment, Instruments & Components - 4.4%
TE Connectivity Ltd.		131,856		16,765,490

Equity Real Estate Investment Trusts (REITs) - 2.0%
Equity Residential		121,127		7,709,734

Food Products - 1.1%
Nestle SA (Registered)		33,476		4,084,375

Health Care Equipment & Supplies - 9.7%
Becton Dickinson & Co.		49,735		12,544,162
Medtronic plc		286,840		24,005,639
				36,549,801
Health Care Providers & Services - 9.3%
HCA Healthcare, Inc.		53,355		13,609,260
UnitedHealth Group, Inc.		42,657		21,293,948
				34,903,208
Hotels, Restaurants & Leisure - 1.5%
Starbucks Corp.		51,285		5,597,245

Household Products - 4.3%
Colgate-Palmolive Co.		219,798		16,381,545

Interactive Media & Services - 8.1%
Alphabet, Inc., Class A*		153,955		15,216,912
Meta Platforms, Inc., Class A*		103,241		15,379,812
				30,596,724
IT Services - 1.8%
Accenture plc, Class A		2,731		762,086
Fidelity National Information Services, Inc.		79,808		5,988,792
				6,750,878
Machinery - 3.4%
Schindler Holding AG (Switzerland)		59,223		12,622,635

Media - 6.6%
Comcast Corp., Class A		629,399		24,766,851

Semiconductors & Semiconductor Equipment - 8.7%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan)		44,654		4,140,765
Texas Instruments, Inc.		161,075		28,544,101
				32,684,866
Software - 7.7%
Microsoft Corp.		33,141		8,212,671
Oracle Corp.		237,285		20,990,231
				29,202,902
Specialty Retail - 8.1%
Home Depot, Inc. (The)		53,770		17,430,621
Ross Stores, Inc.		110,084		13,010,828
				30,441,449
Tobacco - 5.4%
Philip Morris International, Inc.		195,760		20,406,022

TOTAL COMMON STOCKS (Cost $323,054,672)				358,292,057

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 4.0%

Oil, Gas & Consumable Fuels - 4.0%
Enterprise Products Partners LP		298,192		7,633,715
Magellan Midstream Partners LP		142,333		7,600,582

TOTAL MASTER LIMITED PARTNERSHIPS (Cost $14,832,767)				15,234,297

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 1.2%

COMMERCIAL PAPER - 1.2%
Arrow Electronics, Inc.
4.80%, 2/1/2023 (a)		434,000		433,941
CenterPoint Energy, Inc.
4.50%, 2/1/2023 (a)		487,000		486,938
Entergy Corp.
4.50%, 2/1/2023 (a)(b)		496,000		495,938
General Motors Financial Co., Inc.
4.75%, 2/1/2023 (a)		993,000		992,868
Mitsui & Co. USA, Inc.
4.31%, 2/1/2023 (a)		451,000		450,946
Walgreens Boots Alliance, Inc.
4.65%, 2/1/2023 (a)(b)		1,499,000		1,498,807
TOTAL COMMERCIAL PAPER (Cost $4,360,000)				4,359,438

See Notes to Schedule of Investments.

(Continued)

First Eagle Fund of America
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (c)
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (d) (Cost $1,857)		1,857		1,857

TOTAL SHORT-TERM INVESTMENTS (Cost $4,361,857)				4,361,295

Total Investments - 100.2% (Cost $342,249,296)				377,887,649
Liabilities in excess of other assets - (0.2%)				(834,595	)
Net Assets - 100.0%				377,053,054

*	Non-income producing security.
(a)	The rate shown was the current yield as of January 31, 2023.
(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, 2023 amounted to $1,994,745, which represents approximately 0.53% 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, 2023.

Abbreviations
ADR	American Depositary Receipt

See Notes to Schedule of Investments.

(Continued)

First Eagle Fund of America
Schedule of Investments
January 31, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Air Freight & Logistics		5.9	%
Beverages		3.9
Capital Markets		3.1
Electronic Equipment, Instruments & Components		4.4
Equity Real Estate Investment Trusts (REITs)		2.0
Food Products		1.1
Health Care Equipment & Supplies		9.7
Health Care Providers & Services		9.3
Hotels, Restaurants & Leisure		1.5
Household Products		4.3
Interactive Media & Services		8.1
IT Services		1.8
Machinery		3.4
Media		6.6
Oil, Gas & Consumable Fuels		4.0
Semiconductors & Semiconductor Equipment		8.7
Software		7.7
Specialty Retail		8.1
Tobacco		5.4
Short-Term Investments		1.2
Total Investments		100.2	%

See Notes to Schedule of Investments.

(Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

Investments	Shares		Value ($)
COMMON STOCKS - 93.0%

Aerospace & Defense - 4.1%
AAR Corp.*		89,778		4,618,180
Astronics Corp.*		154,612		2,295,988
Curtiss-Wright Corp.		23,567		3,907,409
Ducommun, Inc.*		101,390		5,858,314
Hexcel Corp.		60,533		4,272,419
Kaman Corp.		57,902		1,460,289
Mercury Systems, Inc.*		66,514		3,324,702
Spirit AeroSystems Holdings, Inc., Class A		115,849		4,187,941
Triumph Group, Inc.*		115,946		1,320,625
V2X, Inc.*		66,316		2,928,515
				34,174,382
Air Freight & Logistics - 0.4%
GXO Logistics, Inc.*		41,302		2,161,334
Radiant Logistics, Inc.*		162,292		910,458
				3,071,792
Airlines - 1.9%
Alaska Air Group, Inc.*		98,886		5,076,807
Allegiant Travel Co.*		71,320		6,135,660
JetBlue Airways Corp.*		593,203		4,745,624
				15,958,091
Auto Components - 1.5%
Goodyear Tire & Rubber Co. (The)*		401,103		4,512,409
Modine Manufacturing Co.*		187,676		4,483,580
Superior Industries International, Inc.*		521,973		2,949,147
				11,945,136
Banks - 2.9%
Ameris Bancorp		97,661		4,605,693
Independent Bank Group, Inc.		87,403		5,357,804
Old National Bancorp		226,377		3,961,597
Seacoast Banking Corp. of Florida		169,970		5,457,737
Texas Capital Bancshares, Inc.*		68,019		4,494,015
				23,876,846
Biotechnology - 1.0%
CareDx, Inc.*		310,420		4,637,675
Ironwood Pharmaceuticals, Inc.*		343,169		3,953,307
				8,590,982
Building Products - 1.4%
AZEK Co., Inc. (The)*		150,485		3,631,203
Gibraltar Industries, Inc.*		50,056		2,681,500
Insteel Industries, Inc.		55,499		1,664,415
PGT Innovations, Inc.*		39,664		860,709
Quanex Building Products Corp.		111,192		2,878,761
				11,716,588
Capital Markets - 0.2%
Ashford, Inc., REIT*		5,188		70,142
B Riley Financial, Inc.		35,660		1,523,752
				1,593,894
Chemicals - 2.0%
AdvanSix, Inc.		85,866		3,712,846
Huntsman Corp.		168,095		5,326,931
Livent Corp.*		173,083		4,486,311
LSB Industries, Inc.*		246,233		3,129,621
				16,655,709
Commercial Services & Supplies - 2.2%
ARC Document Solutions, Inc.		104,736		365,529
Harsco Corp.*		183,978		1,460,785
Heritage-Crystal Clean, Inc.*		150,162		5,586,026
Kimball International, Inc., Class B		249,427		1,845,760
Performant Financial Corp.*		821,991		2,663,251
Quest Resource Holding Corp.*		208,784		1,440,610
VSE Corp.		90,056		4,944,074
				18,306,035
Communications Equipment - 2.8%
ADTRAN Holdings, Inc.		164,356		3,101,398
Aviat Networks, Inc.*		161,290		5,217,731
CalAmp Corp.*		546,274		2,529,248
Ceragon Networks Ltd. (Israel)*		404,010		840,341
Comtech Telecommunications Corp.		90,791		1,439,945
Digi International, Inc.*		25,234		857,704
DZS, Inc.*		272,611		3,462,160
Lantronix, Inc.*		341,535		1,724,752
Lumentum Holdings, Inc.*		41,094		2,473,037
PCTEL, Inc.*		366,085		1,694,973
				23,341,289
Construction & Engineering - 1.0%
Ameresco, Inc., Class A*		58,445		3,767,949
Arcosa, Inc.		37,049		2,195,894
Bowman Consulting Group Ltd.*		43,920		1,119,521
Orion Group Holdings, Inc.*		431,237		1,237,650
				8,321,014
Diversified Consumer Services - 1.2%
American Public Education, Inc.*		195,958		2,373,052
Lincoln Educational Services Corp.*		436,972		2,774,772
Regis Corp.*		1,399,895		2,295,828
Universal Technical Institute, Inc.*		347,871		2,636,862
				10,080,514
Electrical Equipment - 1.3%
Babcock & Wilcox Enterprises, Inc.*		214,776		1,426,113
EnerSys		22,899		1,901,075
Generac Holdings, Inc.*		44,627		5,382,016
LSI Industries, Inc.		129,337		1,775,797
Orion Energy Systems, Inc.*		328,699		545,640
				11,030,641
Electronic Equipment, Instruments & Components - 3.6%
Advanced Energy Industries, Inc.		52,938		4,909,470
Airgain, Inc.*		229,830		1,838,640
Avnet, Inc.		90,762		4,164,160
Belden, Inc.		50,031		4,057,014
Coherent Corp.*		151,479		6,574,189

See Notes to Schedule of Investments.

(Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

Investments	Shares		Value ($)
Fabrinet (Thailand)*		19,133		2,519,051
Iteris, Inc.*		439,914		1,627,682
TTM Technologies, Inc.*		246,731		3,878,611
VIA Optronics AG, ADR (Germany)*		163,472		504,311
				30,073,128
Energy Equipment & Services - 3.7%
Archrock, Inc.		77,432		767,351
DMC Global, Inc.*		132,302		3,008,547
Helix Energy Solutions Group, Inc.*		339,115		2,689,182
Helmerich & Payne, Inc.		13,580		657,815
Liberty Energy, Inc., Class A		175,655		2,780,619
Newpark Resources, Inc.*		251,551		1,142,042
NexTier Oilfield Solutions, Inc.*		156,285		1,472,205
NOV, Inc.		153,061		3,740,811
Oil States International, Inc.*		489,267		4,188,125
ProPetro Holding Corp.*		406,475		4,044,426
RPC, Inc.		225,179		2,233,776
US Silica Holdings, Inc.*		277,204		3,392,977
				30,117,876
Equity Real Estate Investment Trusts (REITs) - 4.0%
Alexander & Baldwin, Inc.		204,952		4,103,139
Armada Hoffler Properties, Inc.		397,084		5,035,025
Braemar Hotels & Resorts, Inc.		378,647		2,006,829
Chatham Lodging Trust		151,667		2,155,188
Macerich Co. (The)		204,684		2,812,358
Park Hotels & Resorts, Inc.		127,671		1,878,041
Pebblebrook Hotel Trust		122,490		2,008,836
Physicians Realty Trust		346,595		5,496,997
Tanger Factory Outlet Centers, Inc.		193,662		3,700,881
Whitestone REIT		398,881		4,152,351
				33,349,645
Food & Staples Retailing - 0.5%
Chefs' Warehouse, Inc. (The)*		94,999		3,631,812
Natural Grocers by Vitamin Cottage, Inc.		68,853		683,710
				4,315,522
Food Products - 0.9%
Hain Celestial Group, Inc. (The)*		70,292		1,442,392
Ingredion, Inc.		16,281		1,673,687
Real Good Food Co., Inc. (The), Class A*		259,000		1,440,040
Utz Brands, Inc.		146,908		2,447,487
				7,003,606
Health Care Equipment & Supplies - 2.2%
Accuray, Inc.*		299,605		755,005
Artivion, Inc.*		165,513		2,158,289
Neuronetics, Inc.*		299,437		1,760,690
Orthofix Medical, Inc.*		74,847		1,618,941
QuidelOrtho Corp.*		37,862		3,241,366
Sientra, Inc.*		88,016		186,594
Sight Sciences, Inc.*		327,677		3,771,562
Tactile Systems Technology, Inc.*		330,103		4,281,436
				17,773,883
Health Care Providers & Services - 5.8%
Acadia Healthcare Co., Inc.*		18,489		1,553,446
AdaptHealth Corp.*		85,443		1,831,043
Addus HomeCare Corp.*		11,583		1,245,404
Amedisys, Inc.*		57,074		5,516,773
Brookdale Senior Living, Inc.*		880,574		2,536,053
Community Health Systems, Inc.*		1,140,936		5,955,686
Enhabit, Inc.*		163,523		2,511,713
InfuSystem Holdings, Inc.*		128,488		1,287,450
Option Care Health, Inc.*		77,048		2,224,376
Owens & Minor, Inc.*		80,811		1,595,209
Patterson Cos., Inc.		186,591		5,633,182
Pennant Group, Inc. (The)*		178,649		2,311,718
Quipt Home Medical Corp.*		309,135		1,792,983
RadNet, Inc.*		63,560		1,337,938
Select Medical Holdings Corp.		67,079		1,949,987
Surgery Partners, Inc.*		78,863		2,618,252
Tenet Healthcare Corp.*		114,227		6,265,351
				48,166,564
Health Care Technology - 0.6%
Health Catalyst, Inc.*		104,910		1,458,249
HealthStream, Inc.*		72,210		1,746,038
iCAD, Inc.*		644,272		1,475,383
				4,679,670
Hotels, Restaurants & Leisure - 4.3%
BJ's Restaurants, Inc.*		118,604		3,744,328
Bloomin' Brands, Inc.		146,114		3,543,265
Cheesecake Factory, Inc. (The)		134,469		5,277,908
Chuy's Holdings, Inc.*		157,922		5,405,670
Cracker Barrel Old Country Store, Inc.		27,372		3,054,168
Denny's Corp.*		371,004		4,459,468
Noodles & Co., Class A*		297,698		1,872,520
Potbelly Corp.*		415,012		3,315,946
Ruth's Hospitality Group, Inc.		123,724		2,141,662
Six Flags Entertainment Corp.*		93,101		2,499,762
				35,314,697
Household Durables - 3.8%
Beazer Homes USA, Inc.*		274,144		4,487,737
Cavco Industries, Inc.*		16,523		4,396,770
Century Communities, Inc.		84,839		5,192,147
Dixie Group, Inc. (The)*		213,469		191,866
LGI Homes, Inc.*		56,436		6,425,239
MDC Holdings, Inc.		42,107		1,589,960
Skyline Champion Corp.*		60,892		3,589,583
Snap One Holdings Corp.*		114,120		1,094,411
Sonos, Inc.*		28,857		532,123
Toll Brothers, Inc.		56,310		3,349,882
Vizio Holding Corp., Class A*		22,025		192,939
				31,042,657
Insurance - 1.1%
Old Republic International Corp.		169,910		4,483,925
Stewart Information Services Corp.		100,723		4,811,538
				9,295,463

See Notes to Schedule of Investments.

(Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

Investments	Shares		Value ($)
Interactive Media & Services - 0.9%
Cars.com, Inc.*		208,047		3,557,604
EverQuote, Inc., Class A*		97,090		1,514,604
QuinStreet, Inc.*		173,074		2,653,224
				7,725,432
Internet & Direct Marketing Retail - 0.5%
CarParts.com, Inc.*		541,097		3,690,281

IT Services - 0.5%
Squarespace, Inc., Class A*		179,716		4,262,863

Leisure Products - 0.6%
Clarus Corp.		132,732		1,333,957
Topgolf Callaway Brands Corp.*		157,288		3,851,983
				5,185,940
Machinery - 5.1%
Astec Industries, Inc.		91,421		4,035,323
Barnes Group, Inc.		83,699		3,704,518
Blue Bird Corp.*		179,956		2,609,362
CIRCOR International, Inc.*		201,871		5,581,733
Columbus McKinnon Corp.		138,185		4,967,751
EnPro Industries, Inc.		27,342		3,310,296
John Bean Technologies Corp.		26,858		3,000,844
Luxfer Holdings plc (United Kingdom)		145,397		2,406,320
Manitex International, Inc.*		192,628		785,922
Park-Ohio Holdings Corp.		121,274		1,606,881
Shyft Group, Inc. (The)		100,908		3,359,227
Trinity Industries, Inc.		84,291		2,425,052
Wabash National Corp.		153,996		3,966,937
				41,760,166
Media - 0.4%
Magnite, Inc.*		183,799		2,220,292
Marchex, Inc., Class B*		468,344		960,105
				3,180,397
Metals & Mining - 3.1%
Carpenter Technology Corp.		116,370		5,619,507
Century Aluminum Co.*		330,783		3,718,001
Coeur Mining, Inc.*		319,099		1,241,295
Commercial Metals Co.		76,486		4,150,895
Ferroglobe plc*		631,951		3,001,767
Haynes International, Inc.		54,646		3,043,236
Hecla Mining Co.		731,520		4,513,479
				25,288,180
Mortgage Real Estate Investment Trusts (REITs) - 0.3%
Ladder Capital Corp.		238,102		2,666,742

Oil, Gas & Consumable Fuels - 3.8%
Alto Ingredients, Inc.*		461,565		1,564,705
Callon Petroleum Co.*		115,723		4,924,014
Chesapeake Energy Corp.		25,532		2,214,135
Dorian LPG Ltd.		104,736		2,079,010
Earthstone Energy, Inc., Class A*		246,700		3,429,130
Enviva, Inc.		108,868		4,951,317
Matador Resources Co.		33,064		2,187,514
Navigator Holdings Ltd.*		312,408		4,033,187
PBF Energy, Inc., Class A		27,346		1,148,258
Permian Resources Corp.		206,534		2,245,025
SM Energy Co.		67,993		2,234,930
				31,011,225
Paper & Forest Products - 0.6%
Louisiana-Pacific Corp.		73,913		5,032,736

Pharmaceuticals - 0.9%
Assertio Holdings, Inc.*		646,137		2,655,623
Pacira BioSciences, Inc.*		67,075		2,634,035
Societal CDMO, Inc.*		1,296,163		1,685,012
				6,974,670
Professional Services - 0.4%
GEE Group, Inc.*		1,027,770		515,940
Heidrick & Struggles International, Inc.		78,084		2,401,864
				2,917,804
Road & Rail - 0.6%
Daseke, Inc.*		415,751		2,901,942
Heartland Express, Inc.		142,240		2,392,477
				5,294,419
Semiconductors & Semiconductor Equipment - 8.5%
Alpha & Omega Semiconductor Ltd.*		134,875		4,445,480
Amkor Technology, Inc.		154,193		4,511,687
Amtech Systems, Inc.*		273,715		2,964,334
Axcelis Technologies, Inc.*		54,952		6,041,973
Cohu, Inc.*		120,642		4,352,763
Diodes, Inc.*		28,298		2,523,899
Everspin Technologies, Inc.*		78,388		540,877
FormFactor, Inc.*		210,943		5,935,936
Ichor Holdings Ltd.*		161,528		5,459,646
inTEST Corp.*		345,346		4,489,498
Kulicke & Soffa Industries, Inc. (Singapore)		95,037		4,856,391
MKS Instruments, Inc.		57,584		5,891,995
Onto Innovation, Inc.*		65,711		5,168,170
SMART Global Holdings, Inc.*		224,895		3,865,945
Ultra Clean Holdings, Inc.*		152,365		5,127,082
Veeco Instruments, Inc.*		214,549		4,260,943
				70,436,619
Software - 2.3%
Digital Turbine, Inc.*		195,570		3,395,095
Everbridge, Inc.*		152,000		4,857,920
SecureWorks Corp., Class A*		394,073		3,160,466
Synchronoss Technologies, Inc.*		838,972		656,915
Upland Software, Inc.*		294,580		2,571,683
Yext, Inc.*		380,504		2,644,503
Zeta Global Holdings Corp., Class A*		205,810		1,868,755
				19,155,337
Specialty Retail - 3.7%
America's Car-Mart, Inc.*		68,838		5,929,705
Container Store Group, Inc. (The)*		487,081		2,537,692

See Notes to Schedule of Investments.

(Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

Investments	Shares		Value ($)
Lithia Motors, Inc., Class A		25,727		6,771,346
LL Flooring Holdings, Inc.*		176,626		1,070,354
RH*		10,745		3,352,333
Sonic Automotive, Inc., Class A		10,038		539,141
Sportsman's Warehouse Holdings, Inc.*		384,726		3,627,966
Tile Shop Holdings, Inc.*		257,429		1,287,145
Tilly's, Inc., Class A*		272,250		2,412,135
Zumiez, Inc.*		99,186		2,561,974
				30,089,791
Textiles, Apparel & Luxury Goods - 1.2%
Allbirds, Inc., Class A*		531,168		1,460,712
Skechers USA, Inc., Class A*		19,431		935,603
Steven Madden Ltd.		99,505		3,567,254
Unifi, Inc.*		484,956		4,146,374
				10,109,943
Thrifts & Mortgage Finance - 1.0%
Axos Financial, Inc.*		38,085		1,832,650
NMI Holdings, Inc., Class A*		95,670		2,222,414
Radian Group, Inc.		99,624		2,201,691
Walker & Dunlop, Inc.		19,400		1,850,372
				8,107,127
Trading Companies & Distributors - 4.2%
Air Lease Corp.		154,862		6,964,144
FTAI Aviation Ltd.		177,899		3,977,822
H&E Equipment Services, Inc.		52,239		2,658,443
Herc Holdings, Inc.		33,326		5,176,194
NOW, Inc.*		227,719		3,197,175
Titan Machinery, Inc.*		93,263		4,097,976
Univar Solutions, Inc.*		130,690		4,506,191
WESCO International, Inc.*		26,828		3,997,640
				34,575,585
TOTAL COMMON STOCKS (Cost $702,413,096)				767,260,881

Investments	Number of Rights		Value ($)
RIGHTS - 0.0% (a)

IT Services - 0.0% (a)
Flexion, Inc., CVR*‡ (b) (Cost $27,802)		44,841		—

Investments	Shares		Value ($)
SHORT-TERM INVESTMENTS - 7.2%

INVESTMENT COMPANIES - 7.2%
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (c)
(Cost $59,450,121)		59,450,121		59,450,121

Total Investments - 100.2% (Cost $761,891,019)				826,711,002
Liabilities in excess of other assets - (0.2%)				(1,261,170	)
Net Assets - 100.0%				825,449,832

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Represents less than 0.05% of net assets.
(b)	Security fair valued as of January 31, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(c)	Represents 7-day effective yield as of January 31, 2023.

Abbreviations
ADR	American Depositary Receipt
CVR	Contingent Value Rights
REIT	Real Estate Investment Trust

See Notes to Schedule of Investments.

(Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2023

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		4.1	%
Air Freight & Logistics		0.4
Airlines		1.9
Auto Components		1.5
Banks		2.9
Biotechnology		1.0
Building Products		1.4
Capital Markets		0.2
Chemicals		2.0
Commercial Services & Supplies		2.2
Communications Equipment		2.8
Construction & Engineering		1.0
Diversified Consumer Services		1.2
Electrical Equipment		1.3
Electronic Equipment, Instruments & Components		3.6
Energy Equipment & Services		3.7
Equity Real Estate Investment Trusts (REITs)		4.0
Food & Staples Retailing		0.5
Food Products		0.9
Health Care Equipment & Supplies		2.2
Health Care Providers & Services		5.8
Health Care Technology		0.6
Hotels, Restaurants & Leisure		4.3
Household Durables		3.8
Insurance		1.1
Interactive Media & Services		0.9
Internet & Direct Marketing Retail		0.5
IT Services		0.5
Leisure Products		0.6
Machinery		5.1
Media		0.4
Metals & Mining		3.1
Mortgage Real Estate Investment Trusts (REITs)		0.3
Oil, Gas & Consumable Fuels		3.8
Paper & Forest Products		0.6
Pharmaceuticals		0.9
Professional Services		0.4
Road & Rail		0.6
Semiconductors & Semiconductor Equipment		8.5
Software		2.3
Specialty Retail		3.7
Textiles, Apparel & Luxury Goods		1.2
Thrifts & Mortgage Finance		1.0
Trading Companies & Distributors		4.2
Short-Term Investments		7.2
Total Investments		100.2	%

See Notes to Schedule of Investments.

(Continued)

First Eagle U.S. Smid Cap Opportunity Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 99.2%

Aerospace & Defense - 3.6%
Curtiss-Wright Corp.		164		27,191
Mercury Systems, Inc.*		401		20,044
				47,235
Air Freight & Logistics - 1.1%
GXO Logistics, Inc.*		272		14,234

Airlines - 1.4%
JetBlue Airways Corp.*		2,277		18,216

Auto Components - 1.1%
Goodyear Tire & Rubber Co. (The)*		1,328		14,940

Banks - 5.9%
Ameris Bancorp		495		23,344
Independent Bank Group, Inc.		311		19,064
Seacoast Banking Corp. of Florida		612		19,651
Texas Capital Bancshares, Inc.*		235		15,527
				77,586
Biotechnology - 0.9%
CareDx, Inc.*		790		11,803

Building Products - 2.8%
AZEK Co., Inc. (The)*		531		12,813
Lennox International, Inc.		93		24,238
				37,051
Capital Markets - 1.7%
B Riley Financial, Inc.		296		12,648
Raymond James Financial, Inc.		87		9,811
				22,459
Chemicals - 3.3%
Chemours Co. (The)		520		18,923
Huntsman Corp.		527		16,700
Westlake Corp.		65		7,979
				43,602
Communications Equipment - 1.9%
Ciena Corp.*		469		24,397

Construction & Engineering - 0.9%
Ameresco, Inc., Class A*		180		11,605

Electrical Equipment - 4.1%
EnerSys		253		21,004
Generac Holdings, Inc.*		266		32,080
				53,084
Electronic Equipment, Instruments & Components - 3.3%
Belden, Inc.		211		17,110
Coherent Corp.*		584		25,346
				42,456
Energy Equipment & Services - 1.2%
Liberty Energy, Inc., Class A		1,006		15,925

Food & Staples Retailing - 4.1%
Casey's General Stores, Inc.		107		25,243
Performance Food Group Co.*		460		28,207
				53,450
Food Products - 1.5%
Ingredion, Inc.		193		19,840

Health Care Equipment & Supplies - 2.3%
QuidelOrtho Corp.*		180		15,410
Zimmer Biomet Holdings, Inc.		116		14,771
				30,181
Health Care Providers & Services - 7.5%
Amedisys, Inc.*		171		16,529
Cardinal Health, Inc.		373		28,814
Owens & Minor, Inc.*		157		3,099
Quest Diagnostics, Inc.		158		23,460
Select Medical Holdings Corp.		116		3,372
Tenet Healthcare Corp.*		416		22,818
				98,092
Hotels, Restaurants & Leisure - 8.9%
Aramark		567		25,248
Bloomin' Brands, Inc.		181		4,389
Cheesecake Factory, Inc. (The)		694		27,239
Chuy's Holdings, Inc.*		426		14,582
Cracker Barrel Old Country Store, Inc.		188		20,977
Denny's Corp.*		1,177		14,148
Vail Resorts, Inc.		37		9,707
				116,290
Household Durables - 3.3%
Beazer Homes USA, Inc.*		796		13,030
LGI Homes, Inc.*		200		22,770
Toll Brothers, Inc.		132		7,853
				43,653
Insurance - 1.5%
Old Republic International Corp.		760		20,056

Internet & Direct Marketing Retail - 1.5%
Chewy, Inc., Class A*		445		20,052

IT Services - 0.5%
Amdocs Ltd.		66		6,067

Leisure Products - 1.5%
Topgolf Callaway Brands Corp.*		800		19,592

Life Sciences Tools & Services - 1.6%
Avantor, Inc.*		626		14,962
PerkinElmer, Inc.		42		5,776
				20,738
Machinery - 3.5%
Donaldson Co., Inc.		59		3,679

See Notes to Schedule of Investments.

(Continued)

First Eagle U.S. Smid Cap Opportunity Fund
Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
Dover Corp.		88		13,361
Flowserve Corp.		605		20,824
Ingersoll Rand, Inc.		140		7,840
				45,704
Metals & Mining - 2.4%
Cleveland-Cliffs, Inc.*		1,477		31,534

Oil, Gas & Consumable Fuels - 7.7%
Chesapeake Energy Corp.		311		26,970
HF Sinclair Corp.		424		24,126
Matador Resources Co.		384		25,405
Permian Resources Corp.		413		4,489
SM Energy Co.		608		19,985
				100,975
Pharmaceuticals - 1.1%
Pacira BioSciences, Inc.*		366		14,373

Road & Rail - 1.2%
XPO, Inc.*		375		14,947

Semiconductors & Semiconductor Equipment - 6.3%
Amkor Technology, Inc.		635		18,580
MKS Instruments, Inc.		269		27,524
ON Semiconductor Corp.*		303		22,255
Onto Innovation, Inc.*		176		13,843
				82,202
Specialty Retail - 2.8%
Advance Auto Parts, Inc.		25		3,807
Lithia Motors, Inc., Class A		98		25,793
RH*		23		7,176
				36,776
Textiles, Apparel & Luxury Goods - 1.4%
Deckers Outdoor Corp.*		10		4,275
Skechers USA, Inc., Class A*		94		4,526
Steven Madden Ltd.		270		9,679
				18,480
Thrifts & Mortgage Finance - 3.4%
Radian Group, Inc.		816		18,033
Rocket Cos., Inc., Class A		1,204		11,330
Walker & Dunlop, Inc.		157		14,975
				44,338
Trading Companies & Distributors - 2.0%
Air Lease Corp.		580		26,083

TOTAL COMMON STOCKS (Cost $1,280,745)				1,298,016

SHORT-TERM INVESTMENTS - 3.7%

INVESTMENT COMPANIES - 3.7%
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (a)
(Cost $49,019)	49,019	49,019

Total Investments - 102.9% (Cost $1,329,764)		1,347,035
Liabilities in excess of other assets - (2.9%)		(37,799	)
Net Assets - 100.0%		1,309,236

*	Non-income producing security.
(a)	Represents 7-day effective yield as of January 31, 2023.

See Notes to Schedule of Investments.

(Continued)

First Eagle U.S. Smid Cap Opportunity Fund
Schedule of Investments
January 31, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		3.6	%
Air Freight & Logistics		1.1
Airlines		1.4
Auto Components		1.1
Banks		5.9
Biotechnology		0.9
Building Products		2.8
Capital Markets		1.7
Chemicals		3.3
Communications Equipment		1.9
Construction & Engineering		0.9
Electrical Equipment		4.1
Electronic Equipment, Instruments & Components		3.3
Energy Equipment & Services		1.2
Food & Staples Retailing		4.1
Food Products		1.5
Health Care Equipment & Supplies		2.3
Health Care Providers & Services		7.5
Hotels, Restaurants & Leisure		8.9
Household Durables		3.3
Insurance		1.5
Internet & Direct Marketing Retail		1.5
IT Services		0.5
Leisure Products		1.5
Life Sciences Tools & Services		1.6
Machinery		3.5
Metals & Mining		2.4
Oil, Gas & Consumable Fuels		7.7
Pharmaceuticals		1.1
Road & Rail		1.2
Semiconductors & Semiconductor Equipment		6.3
Specialty Retail		2.8
Textiles, Apparel & Luxury Goods		1.4
Thrifts & Mortgage Finance		3.4
Trading Companies & Distributors		2.0
Short-Term Investments		3.7
Total Investments		102.9	%

See Notes to Schedule of Investments.

(Continued)

First Eagle Global Real Assets Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 83.2%

Australia - 2.8%
Glencore plc		53,934		361,190

Belgium - 0.8%
Shurgard Self Storage SA		2,139		103,216

Brazil - 1.8%
Wheaton Precious Metals Corp.		5,139		234,983

Canada - 10.1%
Barrick Gold Corp.		4,402		86,085
Canadian National Railway Co.		1,695		201,762
Canadian Pacific Railway Ltd.		2,343		184,932
Franco-Nevada Corp.		1,242		182,181
Imperial Oil Ltd.		4,652		254,251
Nutrien Ltd.		3,567		295,268
StorageVault Canada, Inc.		18,394		88,891
				1,293,370
Faroe Islands - 0.9%
Bakkafrost P/F		1,908		118,394

France - 0.9%
Air Liquide SA		719		114,484

Germany - 1.9%
FUCHS PETROLUB SE (Preference)		6,027		240,443

Hong Kong - 4.0%
CK Asset Holdings Ltd.		31,000		198,199
Guoco Group Ltd.		4,000		36,860
Hongkong Land Holdings Ltd.		38,400		187,729
Hysan Development Co. Ltd.		27,000		90,840
				513,628
Ireland - 1.3%
CRH plc		3,502		163,622

Israel - 0.8%
ICL Group Ltd.		12,657		100,876

Japan - 4.0%
Kansai Paint Co. Ltd.		5,000		70,415
Komatsu Ltd.		10,700		262,947
Mitsubishi Estate Co. Ltd.		6,700		86,116
Shin-Etsu Chemical Co. Ltd.		600		88,454
				507,932
Mexico - 2.8%
GMexico Transportes SAB de CV (a)		17,003		36,840
Grupo Mexico SAB de CV, Series B		71,013		315,798
				352,638
Netherlands - 1.0%
Shell plc		4,563		133,825

Russia - 0.0%
Alrosa PJSC*‡ (b)		48,132		—

Singapore - 1.6%
UOL Group Ltd.		39,600		211,289

Spain - 1.4%
Aena SME SA* (a)		1,186		178,195

United Kingdom - 5.5%
Berkeley Group Holdings plc		2,109		107,997
Big Yellow Group plc, REIT		6,688		99,753
Great Portland Estates plc, REIT		6,061		42,555
Severn Trent plc		2,886		100,435
United Utilities Group plc		27,170		355,522
				706,262
United States - 41.6%
American Homes 4 Rent, Class A, REIT		7,587		260,158
American Water Works Co., Inc.		215		33,645
Ball Corp.		725		42,224
Boston Properties, Inc., REIT		1,472		109,723
Charter Communications, Inc., Class A*		550		211,371
Chevron Corp.		1,869		325,243
Comcast Corp., Class A		1,669		65,675
Cummins, Inc.		488		121,776
Deere & Co.		140		59,198
Douglas Emmett, Inc., REIT		5,079		85,073
DR Horton, Inc.		1,296		127,902
EOG Resources, Inc.		581		76,837
Equinix, Inc., REIT		218		160,912
Equity Residential, REIT		3,409		216,983
Extra Space Storage, Inc., REIT		410		64,710
Exxon Mobil Corp.		3,214		372,856
HCA Healthcare, Inc.		607		154,828
Home Depot, Inc. (The)		190		61,592
IDACORP, Inc.		1,190		125,914
Mid-America Apartment Communities, Inc., REIT		902		150,382
National Energy Services Reunited Corp.*		13,733		103,822
Newmont Corp.		1,426		75,478
NOV, Inc.		16,633		406,511
Phillips 66		1,818		182,291
PPG Industries, Inc.		924		120,434
Royal Gold, Inc.		1,588		201,724
RPM International, Inc.		2,121		190,699
SBA Communications Corp., REIT		742		220,767
Schlumberger Ltd.		7,691		438,233
Terreno Realty Corp., REIT		908		58,502
UGI Corp.		6,226		247,982
Walmart, Inc.		438		63,015

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Real Assets Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Investments	Shares		Value ($)
Williams Cos., Inc. (The)		6,154		198,405
				5,334,865
TOTAL COMMON STOCKS (Cost $10,048,346)				10,669,212

Investments	Ounces		Value ($)
COMMODITIES - 9.0%

Gold bullion*
(Cost $1,072,790)		602		1,159,832

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 3.3%

United States - 3.3%
Enterprise Products Partners LP		8,726		223,386
Magellan Midstream Partners LP		3,671		196,031
TOTAL MASTER LIMITED PARTNERSHIPS (Cost 374,834)				419,417

Investments	Shares		Value ($)
EXCHANGE TRADED FUNDS - 1.6%

United States
iShares Gold Trust*
(Cost $189,043)		5,566		203,660

Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 0.9%

U.S. Treasury Inflation Linked Notes
0.13%, 4/15/2027 (Cost $121,281)		119,500		118,992

Investments	Shares		Value ($)
SHORT-TERM INVESTMENTS - 1.6%

INVESTMENT COMPANIES - 1.6%
JP Morgan U.S. Government Money Market Fund, Capital Shares, 4.20% (c) (Cost $206,133)		206,133		206,133

Total Investments - 99.6% (Cost $12,012,427)				12,777,246
Other assets less liabilities - 0.4%				55,781
Net Assets - 100.0%				12,833,027

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	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.
(b)	Security fair valued as of January 31, 2023 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2023 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(c)	Represents 7-day effective yield as of January 31, 2023.

Abbreviations
PJSC	Public Joint Stock Company
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

See Notes to Consolidated Schedule of Investments.

(Continued)

First Eagle Global Real Assets Fund
Consolidated Schedule of Investments
January 31, 2023 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Chemicals		9.5	%
Commodities		9.0
Commodity Funds		1.6
Construction Materials		1.3
Containers & Packaging		0.3
Electric Utilities		1.0
Energy Equipment & Services		7.4
Equity Real Estate Investment Trusts (REITs)		11.5
Food & Staples Retailing		0.5
Food Products		0.9
Gas Utilities		1.9
Health Care Providers & Services		1.2
Household Durables		1.8
Industrial Conglomerates		0.3
Machinery		3.5
Media		2.2
Metals & Mining		11.4
Oil, Gas & Consumable Fuels		15.3
Real Estate Management & Development		7.5
Road & Rail		3.3
Specialty Retail		0.5
Transportation Infrastructure		1.4
U.S. Treasury Obligations		0.9
Water Utilities		3.8
Short-Term Investments		1.6
Total Investments		99.6	%

See Notes to Consolidated 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”). As of January 31, 2023, the Trust consists of ten separate portfolios, the 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, First Eagle Fund of America (renamed First Eagle Rising Dividend Fund as of March 1, 2023), First Eagle Small Cap Opportunity Fund, First Eagle U.S. Smid Cap Opportunity Fund and First Eagle Global Real Assets Fund (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 First Eagle Small Cap Opportunity Fund seeks long-term growth of capital. The First Eagle U.S. Smid Cap Opportunity Fund seeks long-term growth of capital by investing, under normal circumstances, in equity securities of small- and mid-cap (“smid cap”) companies in an attempt to take advantage of what the Adviser believes are opportunistic situations for undervalued securities. The First Eagle Global Real Assets Fund seeks long-term growth of capital.

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, except for the First Eagle Small Cap Opportunity Fund, First Eagle U.S. Smid Cap Opportunity Fund and First Eagle Global Real Assets Fund, which offer Class A shares, Class I shares and Class R6 shares only. On February 28, 2022, First Eagle Fund of America’s Class Y shares converted into Class A shares. As a result, Class Y shares were terminated.

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 Blackstone 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”).

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”), First Eagle Gold Fund (the “Gold Fund”) and First Eagle Global Real Assets Fund (the “Global Real Assets 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., First Eagle Gold Cayman Fund, Ltd., and First Eagle Global Real Assets 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 invest- ment 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 schedule of investments include the accounts of the Global Fund and the First Eagle Global Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Global Cayman Fund, Ltd. has $4,742,830,152 in net assets, representing 9.86% 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 schedule of investments include the accounts of the Overseas Fund and the First Eagle Overseas Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Overseas Cayman Fund, Ltd. has $1,013,015,712 in net assets, representing 7.92% 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 schedule of investments include the accounts of the 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, 2023, the First Eagle U.S. Value Cayman Fund, Ltd. has $139,804,528 in net assets, representing 11.46% 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 schedule of investments include the accounts of the Gold Fund and the First Eagle Gold Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Gold Cayman Fund, Ltd. has $410,602,039 in net assets, representing 17.77% of the Gold Fund’s net assets.

The First Eagle Global Real Assets Cayman Fund, Ltd., established on September 9, 2021, is an exempted company under the laws of the Cayman Islands. The consolidated schedule of investments include the accounts of the Global Real Assets Fund and the First Eagle Global Real Assets Cayman Fund, Ltd. All intercompany transactions and balances have been eliminated. As of January 31, 2023, the First Eagle Global Real Assets Cayman Fund, Ltd. has $1,362,074 in net assets, representing 10.61% of the Global Real Assets Fund’s net assets.

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 warrant), 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 quotations are not readily available within the meaning of applicable regulations, such as for private placements, or determined to be unreliable for a particular holding, such holdings may be “fair valued” in accordance with procedures adopted 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 by the Adviser as “valuation designee” under the oversight of the Board. The Board Valuation, Liquidity and Allocations Committee (the “Committee”) oversees the execution of the valuation and liquidity procedures for the Funds. Effective September 8, 2022, and in accordance with Rule 2a-5 under the 1940 Act, the Funds’ Board has designated the Adviser the “valuation designee” to perform the Fund’s fair value determinations. The Adviser’s fair valuation process is subject to Board oversight and certain reporting and other requirements and the Funds’ fair valuation policy has been revised to incorporate changes required by Rule 2a-5.

The following is a summary of the Funds’ inputs used to value the Funds’ investments as of January 31, 2023:

First Eagle Global Fund

Description†	Level 1		Level 2			Level 3^‡			Total
Assets:
Common Stocks	$	23,956,927,516	$	14,597,469,579	(a)	$	–		$	38,554,397,095
Corporate Bonds		–		–			4,961,302	(b)		4,961,302
Commodities ^*		–		5,330,702,334			–			5,330,702,334
Foreign Government Securities		–		501,394,183			–			501,394,183
Short-Term Investments		221,835		3,671,117,543			–			3,671,339,378
Total	$	23,957,149,351	$	24,100,683,639		$	4,961,302		$	48,062,794,292

Liabilities:
Forward Foreign Currency Exchange Contracts^**	$	–	$	(14,427,036	)	$	–		$	(14,427,036	)
Total	$	–	$	(14,427,036	)	$	–		$	(14,427,036	)

(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 1 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 1.
†	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, 2023 was as follows:

	Corporate Bonds			Foreign Government Securities			Total
Beginning Balance —market value	$	5,207,318		$	131,252,430		$	136,459,748
Purchases⁽¹⁾		—			—			—
Sales⁽²⁾		—			—			—
Transfer In — Level 3		—			—			—
Transfer Out — Level 3		—			(131,252,430	)(a)		(131,252,430	)
Accrued discounts/ (premiums)		12,439			—			12,439
Realized Gains (Losses)		—			—			—
Change in Unrealized Appreciation (Depreciation)		(258,455	)		—			(258,455	)
Ending Balance — market value	$	4,961,302		$	—		$	4,961,302
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	(258,455	)	$	—		$	(258,455	)

(a) Transfers from Level 3 to Level 2 are due to an increase in market activity, e.g., frequency of trades, which resulted in an increase in available market inputs to determine the price.

(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	$	2,618,589,987	$	7,806,374,699	(a)	$	15,197,108	$	10,440,161,794
Commodities ^*		–		1,397,788,020			–		1,397,788,020
Foreign Government Securities		–		276,869,929			–		276,869,929
Short-Term Investments		70,420		503,470,316			–		503,540,736
Total	$	2,618,660,407	$	9,984,502,964		$	15,197,108	$	12,618,360,479

Liabilities:
Forward Foreign Currency Exchange Contracts^**	$	–	$	(7,719,272	)	$	–	$	(7,719,272	)
Total	$	–	$	(7,719,272	)	$	–	$	(7,719,272	)

(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 1 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, 2023 was as follows:

	Common Stocks		Foreign Government Security			Total
Beginning Balance —market value	$	14,924,062	$	128,237,726		$	143,161,788
Purchases⁽¹⁾		—		—			—
Sales⁽²⁾		—		—			—
Transfer In — Level 3		—		—			—
Transfer Out — Level 3		—		(128,237,726	)(a)		(128,237,726	)
Accrued discounts/ (premiums)		—		—			—
Realized Gains (Losses)		—		—			—
Change in Unrealized Appreciation (Depreciation)		273,046		—			273,046
Ending Balance — market value	$	15,197,108	$	—		$	15,197,108
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	273,046	$	—		$	273,046

(a) Transfers from Level 3 to Level 2 are due to an increase in market activity, e.g., frequency of trades, which resulted in an increase in available market inputs to determine the price.

(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.

Quantitative Information about Level 3 Fair Value Measurements

Fair Value as of
January 31, 2023

Valuation Technique(s)

Unobservable Input

Range (Weighted
Average)

Direction Change in Fair Value
Resulting from Increase in
Unobservable Input (a)

Common Stocks

15,197,108

Market Comparable Companies

Enterprise Value Multiple

0.36X - 9.35X (4.88X)

Increase

Total

15,197,108

(a) This column represents the direction change in the fair value of Level 3 securities that would result from an increase to the corresponding unobservable inputs. A decrease to the unobservable input would have the opposite effect. Significant increases and decreases of these inputs could result in significantly higher or lower gain value determination.

First Eagle U.S. Value Fund

Description†	Level 1		Level 2			Level 3^‡			Total
Assets:
Common Stocks	$	903,177,570	$	3,755,328	(a)	$	–		$	906,932,898
Convertible Preferred Stocks		5,287,850		–			–			5,287,850
Corporate Bonds		–		656,063			4,356,693	(b)		5,012,756
Commodities ^*		–		139,839,718			–			139,839,718
Master Limited Partnerships		33,959,106		–			–			33,959,106
Short-Term Investments		14,346		129,008,570			–			129,022,916
Total	$	942,438,872	$	273,259,679		$	4,356,693		$	1,220,055,244

(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 1 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 1.
†	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, 2023 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	3,954,544
Purchases⁽¹⁾		—
Sales⁽²⁾		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		27,623
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		374,526
Ending Balance — market value	$	4,356,693
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	374,526

(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	$	1,657,725,613	$	173,279,803	(a)	$	–	$	1,831,005,416
Commodities ^*		–		410,770,929			–		410,770,929
Rights		4,340,649		–			–		4,340,649
Short-Term Investments		51,714		44,073,319			–		44,125,033
Total	$	1,662,117,976	$	628,124,051		$	–	$	2,290,242,027

(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 1 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	$	505,901,112		$	556,620,846	(a)	$	–		$	1,062,521,958
Convertible Preferred Stocks		27,051,746			–			–			27,051,746
Corporate Bonds		–			155,865,983			12,165,434	(b)		168,031,417
Closed End Funds		–			13,777,191			–			13,777,191
Commodities ^*		–			108,732,506			–			108,732,506
Foreign Government Securities		–			28,506,270			–			28,506,270
Loan Assignments		–			1,488,435			–			1,488,435
Master Limited Partnerships		62,586,797			–			–			62,586,797
Preferred Stocks		19,538,700			–			–			19,538,700
U.S. Treasury Obligations		–			151,549,384			–			151,549,384
Short-Term Investments		6,455			18,820,574			–			18,827,029
Total	$	615,084,810		$	1,035,361,189		$	12,165,434		$	1,662,611,433

Liabilities:
Forward Foreign Currency Exchange Contracts^**	$	–		$	(540,949	)	$	–		$	(540,949	)
Written Options		(2,722,460	)		–			–			(2,722,460	)
Total	$	(2,722,460	)	$	(540,949	)	$	–		$	(3,263,409	)

(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 1 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 1.
†	See 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, 2023 was as follows:

	Corporate Bonds		Foreign Government Securities			Total
Beginning Balance —market value	$	10,795,940	$	7,890,932		$	18,686,872
Purchases⁽¹⁾		—		—			—
Sales⁽²⁾		—		—			—
Transfer In — Level 3		—		—			—
Transfer Out — Level 3		—		(7,890,932	)(a)		(7,890,932	)
Accrued discounts/ (premiums)		21,155		—			21,155
Realized Gains (Losses)		—		—			—
Change in Unrealized Appreciation (Depreciation)		1,348,339		—			1,348,339
Ending Balance — market value	$	12,165,434	$	—		$	12,165,434
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	1,348,339	$	—		$	1,348,339

(a) Transfers from Level 3 to Level 2 are due to an increase in market activity, e.g., frequency of trades, which resulted in an increase in available market inputs to determine the price.

(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:
Corporate Bonds	$	–	$	160,335,132	$	3,345,356	(b)	$	163,680,488
Loan Assignments		–		2,806,951		–			2,806,951
Short-Term Investments		4,679		15,392,016		–			15,396,695
Total	$	4,679	$	178,534,099	$	3,345,356		$	181,884,134

(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 Schedule of Investments for additional detailed categorizations.
‡	Value determined using significant unobservable inputs.

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	2,968,761
Purchases⁽¹⁾		—
Sales⁽²⁾		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		2,658
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		373,937
Ending Balance — market value	$	3,345,356
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	373,937

(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	$	341,585,047	$	16,707,010	(a)	$	–	$	358,292,057
Master Limited Partnerships		15,234,297		–			–		15,234,297
Short-Term Investments		1,857		4,359,438			–		4,361,295
Total	$	356,821,201	$	21,066,448		$	–	$	377,887,649

(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 1 for additional details.
†	See Schedule of Investments for additional detailed categorizations.

First Eagle Small Cap Opportunity Fund

Description†	Level 1		Level 2		Level 3^‡			Total
Assets:
Common Stocks	$	767,260,881	$	–	$	–		$	767,260,881
Rights		–		–		–	^		–
Short-Term Investments		59,450,121		–		–			59,450,121
Total	$	826,711,002	$	–	$	–		$	826,711,002

†	See Schedule of Investments for additional detailed categorizations.
‡	Value determined using significant unobservable inputs.
^	Fair value represents zero.

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

	Rights
Beginning Balance —market value	$	—	^
Purchases⁽¹⁾		—
Sales⁽²⁾		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		—
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		—
Ending Balance — market value	$	—	^
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	—

(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.

^	Fair value represents zero.

Quantitative Information about Level 3 Fair Value Measurements

Fair Value as of
January 31, 2023

Valuation Technique(s)

Unobservable Input

Range (Weighted
Average)

Direction Change in Fair Value
Resulting from Increase in
Unobservable Input (a)

Rights

Discounted Cash Flow

Estimated probability of the company hitting specified milestones

0% (0%)

Increase

Total

^ Fair value represents zero.

First Eagle U.S. Smid Cap Opportunity Fund

Description†	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks	$	1,298,016	$	–	$	–	$	1,298,016
Short-Term Investments		49,019		–		–		49,019
Total	$	1,347,035	$	–	$	–	$	1,347,035

†

See Schedule of Investments for additional detailed categorizations.

First Eagle Global Real Assets Fund

Description†	Level 1		Level 2			Level 3^‡			Total
Assets:
Common Stocks	$	7,359,287	$	3,309,925	(a)	$	–	^	$	10,669,212
Commodities ^*		–		1,159,832			–			1,159,832
Exchange-Traded Funds		203,660		–			–			203,660
Master Limited Partnerships		419,417		–			–			419,417
U.S. Treasury Obligations		–		118,992			–			118,992
Short-Term Investments		206,133		–			–			206,133
Total	$	8,188,497	$	4,588,749		$	–		$	12,777,246

(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 1 for additional details.
†	See Consolidated Schedule of Investments for additional detailed categorizations.
‡	Value determined using significant unobservable inputs.
*	Represents gold bullion.
^	Fair value represents zero.

Fair Value Level 3 activity for the three-month period ended January 31, 2023 was as follows:

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

(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.

^	Fair value represents zero.

Quantitative Information about Level 3 Fair Value Measurements

Fair Value as of
January 31, 2023

Valuation Technique(s)

Unobservable Input

Range (Weighted
Average)

Direction Change in Fair Value
Resulting from Increase in
Unobservable Input (a)

Common Stocks

Discounted Cash Flow

Estimated Recoverability

0% (0%)

Increase

Total

^ Fair value represents zero.

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, First Eagle High Income Fund and First Eagle Global Real Assets 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 expo- sure to currency exchange movements, but cannot eliminate that exposure. It is possible to lose money under a hedge.

d)	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, 2023, 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:

Derivatives Volume Disclosure

First Eagle
Global Fund

First Eagle
Overseas Fund

First Eagle
Global Income
Builder Fund

Forward Foreign Currency Exchange Contracts:

Average Settlement Value — Sold

434,227,725

221,778,758

15,352,414

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.

For financial reporting purposes, the Funds do not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statements of Asset and Liabilities.

At January 31, 2023, 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	$	–	$	14,427,036	$	(13,062,049	)	$	(13,830,523	)

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	$	–	$	7,719,272	$	(6,200,742	)	$	(7,465,844	)

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	$	–	$	540,949	$	(415,686	)	$	(523,882	)

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, 2023:

First Eagle Global 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)
Bank of New York Mellon	$	4,019,718	$	–	$	–		$	4,019,718
Goldman Sachs		3,526,163		–		(3,454,917	)		71,246
JPMorgan Chase Bank		2,807,148		–		(2,767,346	)		39,802
UBS AG		4,074,007		–		–			4,074,007
	$	14,427,036	$	–	$	(6,222,263	)	$	8,204,773

First Eagle Overseas 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)
Bank of New York Mellon	$	2,353,680	$	–	$	–		$	2,353,680
Goldman Sachs		1,712,439		–		(1,658,248	)		54,191
JPMorgan Chase Bank		1,267,686		–		(1,233,720	)		33,966
UBS AG		2,385,467		–		–			2,385,467
	$	7,719,272	$	–	$	(2,891,968	)	$	4,827,304

First Eagle Global Income Builder 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)
Bank of New York Mellon	$	160,882	$	–	$	–		$	160,882
Goldman Sachs		129,172		–		(110,092	)		19,080
JPMorgan Chase Bank		87,841		–		(75,545	)		12,296
UBS AG		163,054		–		–			163,054
	$	540,949	$	–	$	(185,637	)	$	355,312

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

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.

In general, a call option is covered if a Fund holds, 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 a Fund 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 a Fund, 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 a Fund. The risk in writing a covered call option is that a Fund gives up the opportunity for profit if the market price of the underlying security increases and the option is exercised. A Fund also has the additional risk of not being able to enter into a closing transaction if a liquid secondary market does not exist.

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

Rule 18f-4 under the 1940 Act, implemented on August 19, 2022, permits the Funds to enter into Derivatives Transactions (as defined below) and certain other transactions notwithstanding the restrictions on the issuance of “senior securities” under Section 18 of the 1940 Act. Section 18 of the 1940 Act, among other things, prohibits open-end funds, including the Funds, from issuing or selling any “senior security,” other than borrowing from a bank (subject to a requirement to maintain 300% “asset coverage”).

Under Rule 18f-4, “Derivatives Transactions” include the following: (1) any swap, security-based swap (including a contract for differences), futures contract, forward contract, option (excluding purchased options), any combination of the foregoing, or any similar instrument, under which a Fund is or may be required to make any payment or delivery of cash or other assets during the life of the instrument or at maturity or early termination, whether as margin or settlement payment or otherwise; (2) any short sale borrowing; (3) reverse repurchase agreements and similar financing transactions (e.g., recourse and nonrecourse tender option bonds, and borrowed bonds), if a Fund elects to treat these transactions as Derivatives Transactions under Rule 18f-4; and (4) when issued or forward-settling securities (e.g., ﬁrm and standby commitments, including to-be-announced (“TBA”) commitments, and dollar rolls) and nonstandard settlement cycle securities, unless a Fund intends to physically settle the transaction and the transaction will settle within 35 days of its trade date.

Unless a fund is relying on the Limited Derivatives User Exception (as defined below), a fund must comply with Rule 18f-4 with respect to its Derivatives Transactions. Rule 18f-4, among other things, requires a fund to adopt and implement a comprehensive written derivatives risk management program (“DRMP”) and comply with a relative or absolute limit on fund leverage risk calculated based on value-at-risk (“VaR”). The DRMP is administered by a “derivatives risk manager,” who is appointed by the Board, including a majority of Independent Trustees, and periodically reviews the DRMP and reports to the Board.

Rule 18f-4 provides an exception from the DRMP, VaR limit and certain other requirements if the Fund’s “derivatives exposure” (as defined in Rule 18f-4) is limited to 10% of its net assets (as calculated in accordance with Rule 18f-4) and the Fund adopts and implements written policies and procedures reasonably designed to manage its derivatives risks (the “Limited Derivatives User Exception”). As of the date hereof, each Fund is relying on the Limited Derivatives User Exception.

As of January 31, 2023, portfolio securities valued at $128,868,977 were earmarked to cover collateral requirements for written options for First Eagle Global Income Builder Fund.

For the period ended January 31, 2023, 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
Options:
Average Number of Contracts - Written		16,675

At January 31, 2023, the Funds had the following options grouped into appropriate risk categories illustrated below:

First Eagle Global Income Builder Fund

					Gain or (Loss) Derivative Recognized in Income
Risk Type		Asset Derivative Fair Value		Liability Derivative Fair Value	Net realized Gains (Losses)			Change in Appreciation (Depreciation)
Equity — Written options	$	–	$	2,722,460	$	1,414,290	$	1,261,273

Repurchase Agreements — The Funds may enter into repurchase agreement transactions with institutions that meet the Adviser’s credit guidelines. Each repurchase agreement is valued at market. The Funds require that the collateral received in a repurchase agreement transaction be transferred to a custodian in a manner sufficient to enable the Funds to obtain collateral in the event of a counterparty default. If the counterparty defaults and the fair value of the collateral declines, realization of the collateral by the Funds may be delayed or limited.

Bank Loans — A Fund may invest in bank loans, which usually take the form of loan participations and assignments. Loan participations and assignments are agreements to make money available to U.S. or foreign corporations, partner- ships or other business entities (the “Borrower”) in a specified amount, at a specified rate and within a specified time. A loan is typically originated, negotiated and structured by a U.S. or foreign bank, insurance company or other financial institution (the “Agent”) for a group of loan investors (“Loan Investors”). The Agent typically administers and enforces the loan on behalf of the other Loan Investors in the syndicate and may hold any collateral on behalf of the Loan Investors. Such loan participations and assignments are typically senior, secured and collateralized in nature. A Fund records an investment when the Borrower withdraws money and records interest as earned. A Fund generally has no right to enforce compliance with the terms of the loan agreement with the Borrower. As a result, a Fund assumes the credit risk of the Borrower, the selling participant and any intermediary between a Fund and the Borrower (“Intermediate Participants”). In the event that the Borrower, selling participant or Intermediate Participants becomes insolvent or enters into bankruptcy, each Fund may incur certain costs and delays in realizing payment or may suffer a loss of principal and/or interest.

Treasury Inflation-Protected Securities — The Funds may invest in Treasury Inflation-Protected Securities (“TIPS”) which are specially structured bonds in which the principal amount is adjusted to keep pace with inflation. The principal value of TIPS will be adjusted upward or downward and any increase or decrease in the principal amount of TIPS will be included as interest income in the Statements of Operations, even though investors do not receive their principal until maturity. TIPS are subject to interest rate risk.

Restricted Securities — The Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expenses, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.

New Accounting Pronouncements — In March 2020, the FASB issued Accounting Standard Update (“ASU”) 2020-04, which provides optional guidance to ease the potential accounting burden associated with transitioning away from the London Interbank Offered Rate and other reference rates that are expected to be discontinued. The ASU is effective immediately upon release of the update on March 12, 2020 through December 31, 2022. In December 2022, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 949)” which extends the effective period of ASU 2020-04 through December 31, 2024. At this time, management is evaluating implications of these changes on the financial statements.

In March 2022, the FASB issued ASU 2022-02, “Financial Instruments Credit Losses (Topic 326)”, which is intended to address issues identiﬁed during the post implementation review of ASU 2016-3, “Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. The amendment, among other things, eliminates the accounting guidance for troubled debt restructurings by creditors in Subtopic 310-40, “Receivables Troubled Debt Restructurings by Creditors”, while enhancing disclosure requirements for certain loan reﬁnancings and restructurings by creditors when a borrower is experiencing ﬁnancial difficulty. The new guidance is effective for interim and annual periods beginning after December 15, 2022. Management is currently evaluating the impact of the new standard, but does not anticipate the new standard to have a material impact to the financial statements and related disclosure.

In June 2022, FASB issued Accounting Standards Update (“ASU”) 2022-03, Fair Value Measurement (Topic 820) — Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The amendments in the ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, should not be considered in measuring fair value. The ASU is effective for interim and annual reporting periods beginning after December 15, 2023, with the option of early adoption. Management is currently evaluating the impact, if any, of applying this new standard.