First Eagle Global Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 79.6%
Belgium - 1.0%
Groupe Bruxelles Lambert NV		6,469,396		490,442,877
Brazil - 1.2%
Ambev SA, ADR		149,620,059		392,004,555
Itausa SA (Preference)		103,903,979		209,720,610
				601,725,165
Canada - 4.4%
Agnico Eagle Mines Ltd.		2,298,700		112,981,588
Barrick Gold Corp.		21,719,042		338,817,055
Franco-Nevada Corp.		1,260,834		136,413,339
Imperial Oil Ltd.		10,896,401		628,521,624
Nutrien Ltd.		4,461,321		222,486,078
Power Corp. of Canada		12,323,141		359,212,984
Wheaton Precious Metals Corp.		7,936,282		371,973,537
				2,170,406,205
China - 1.5%
Alibaba Group Holding Ltd.		34,738,392		311,567,882
Prosus NV		14,526,770		432,195,685
				743,763,567
France - 3.4%
Danone SA		10,211,219		680,308,606
Legrand SA		1,954,335		189,405,691
LVMH Moet Hennessy Louis Vuitton SE		145,168		120,788,337
Sanofi SA		4,031,951		403,781,822
Sodexo SA		2,131,829		240,489,546
Wendel SE		867,489		78,648,801
				1,713,422,803
Germany - 0.9%
Brenntag SE		1,126,149		99,562,865
Henkel AG & Co. KGaA (Preference)		3,516,726		269,586,969
Merck KGaA		597,571		98,046,826
				467,196,660
Hong Kong - 1.4%
CK Asset Holdings Ltd.		37,986,500		171,408,156
Guoco Group Ltd.		12,748,580		116,593,669
Hongkong Land Holdings Ltd.		31,759,300		99,136,889
Hysan Development Co. Ltd.		23,322,348		40,254,225
Jardine Matheson Holdings Ltd.		7,051,271		283,137,795
				710,530,734
Japan - 6.9%
Chofu Seisakusho Co. Ltd. (a)		3,136,200		44,863,717
FANUC Corp.		16,005,400		442,747,409
Hirose Electric Co. Ltd.		1,258,915		146,478,351
Hoshizaki Corp.		5,662,600		206,013,219
Keyence Corp.		263,400		117,844,601
Komatsu Ltd.		6,756,000		192,207,926
Mitsubishi Electric Corp.		24,592,300		364,957,119
MS&AD Insurance Group Holdings, Inc.		10,476,620		432,629,509
Secom Co. Ltd.		6,337,130		459,951,210
Shimano, Inc.		2,260,590		324,564,961
SMC Corp.		442,156		246,123,701
Sompo Holdings, Inc.		7,121,400		369,254,946
T Hasegawa Co. Ltd. (a)		3,002,800		67,384,489
USS Co. Ltd.		1,298,600		24,558,365
				3,439,579,523
Mexico - 1.6%
Fomento Economico Mexicano SAB de CV, ADR		4,913,976		666,040,307
Fresnillo plc		5,590,827		37,395,239
Industrias Penoles SAB de CV*		6,401,020		84,176,677
				787,612,223
Netherlands - 0.4%
Heineken Holding NV		2,538,232		212,977,172
Norway - 0.3%
Orkla ASA		16,166,787		126,636,512
South Korea - 1.6%
Hyundai Mobis Co. Ltd.		999,985		156,751,143
KT&G Corp.		5,242,098		356,013,204
Lotte Corp.*		217,718		4,729,216
NAVER Corp.		721,340		107,567,786
Samsung Electronics Co. Ltd. (Preference)		4,049,795		177,202,242
				802,263,591
Sweden - 1.0%
Investor AB, Class A		4,970,940		115,932,023
Investor AB, Class B		11,255,824		265,015,846
Svenska Handelsbanken AB, Class A		10,429,006		112,428,246
				493,376,115
Switzerland - 3.1%
Cie Financiere Richemont SA (Registered)		4,644,824		689,917,013
Nestle SA (Registered)		3,086,462		351,704,220
Schindler Holding AG		1,798,637		448,020,399
Schindler Holding AG (Registered)		211,870		50,433,735
				1,540,075,367
Taiwan - 1.0%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		4,606,256		520,322,678
Thailand - 0.3%
Bangkok Bank PCL, NVDR		42,690,800		169,659,932
United Kingdom - 6.5%
BAE Systems plc		30,239,911		450,467,990
Berkeley Group Holdings plc (a)		6,766,463		409,740,900
British American Tobacco plc		19,979,503		589,067,875
Derwent London plc, REIT		3,397,186		91,560,428
Diageo plc		3,588,503		129,609,053
Haleon plc		68,822,768		279,541,941
Lloyds Banking Group plc		396,239,696		212,406,587
Reckitt Benckiser Group plc		6,194,803		447,889,719
Unilever plc		12,894,404		628,571,601
				3,238,856,094
United States - 43.1%
Alphabet, Inc., Class A*		2,694,360		377,479,836

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Alphabet, Inc., Class C*		4,503,302		638,568,224
American Express Co.		1,903,714		382,151,548
Analog Devices, Inc.		2,674,970		514,557,229
Bank of New York Mellon Corp. (The)		11,016,077		610,951,630
Becton Dickinson & Co.		1,259,112		300,688,537
Berkshire Hathaway, Inc., Class A*		675		390,163,493
Boston Properties, Inc., REIT		2,473,129		164,463,078
Brown & Brown, Inc.		2,287,048		177,383,443
CH Robinson Worldwide, Inc. (a)		7,346,325		617,752,469
Charles Schwab Corp. (The)		2,570,105		161,711,007
Colgate-Palmolive Co.		7,218,573		607,803,847
Comcast Corp., Class A		21,961,227		1,022,075,505
Cummins, Inc.		1,455,755		348,362,171
Deere & Co.		381,724		150,238,932
Dentsply Sirona, Inc.		6,983,795		242,686,876
Douglas Emmett, Inc., REIT (a)		9,162,021		124,145,385
Elevance Health, Inc.		1,258,041		620,767,751
Equity Residential, REIT		6,189,955		372,573,391
Expeditors International of Washington, Inc.		1,894,425		239,322,710
Extra Space Storage, Inc., REIT		1,155,209		166,858,388
Exxon Mobil Corp.		9,538,191		980,621,417
Fidelity National Financial, Inc.		4,297,027		214,980,261
Flowserve Corp. (a)		7,892,216		315,136,185
HCA Healthcare, Inc.		3,109,934		948,218,877
IPG Photonics Corp.* (a)		3,097,302		303,194,893
JG Boswell Co.		2,485		1,474,847
Kraft Heinz Co. (The)		4,471,740		166,035,706
Medtronic plc		6,323,862		553,590,879
Meta Platforms, Inc., Class A*		4,124,147		1,608,994,711
Microsoft Corp.		466,954		185,651,571
Mills Music Trust (a)		31,592		1,154,372
Newmont Corp.		8,879,115		306,418,259
Noble Corp. plc		2,010,900		88,741,017
NOV, Inc. (a)		26,905,276		524,921,935
ONEOK, Inc.		2,183,545		149,026,946
Oracle Corp.		13,402,937		1,497,108,063
Philip Morris International, Inc.		7,032,600		638,911,710
PPG Industries, Inc.		853,547		120,384,269
Ross Stores, Inc.		1,271,219		178,326,601
Royal Gold, Inc.		1,476,988		168,952,657
RPM International, Inc.		850,166		90,678,706
Salesforce, Inc.*		1,385,077		389,331,294
Schlumberger NV		19,905,698		969,407,493
Texas Instruments, Inc.		2,800,783		448,461,374
UGI Corp.		4,677,898		103,568,662
Universal Health Services, Inc., Class B		3,368,166		534,898,442
US Bancorp		5,965,007		247,786,391
Walmart, Inc.		1,383,386		228,604,536
Walt Disney Co. (The)		2,946,738		283,034,185
Weyerhaeuser Co., REIT		10,347,140		339,075,778
Willis Towers Watson plc		2,868,912		706,613,026
				21,524,010,513
TOTAL COMMON STOCKS (Cost $26,915,557,500)				39,752,857,731

Investments	Ounces		Value ($)
COMMODITIES - 11.2%
Gold bullion*
(Cost $2,902,970,281)		2,764,803		5,623,499,025

Investments		Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 0.7%
Indonesia - 0.1%
Republic of Indonesia
8.38%, 3/15/2024	IDR		853,795,000,000		54,183,519
Mexico - 0.4%
Mex Bonos Desarr Fix Rt
Series M, 10.00%, 12/5/2024	MXN		1,329,050,000		76,745,369
Series M, 5.75%, 3/5/2026	MXN		1,813,230,000		97,132,618
					173,877,987
South Korea - 0.2%
Republic of Korea
1.25%, 3/10/2026	KRW		158,937,690,000		114,246,684
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost 349,368,504)					342,308,190
CORPORATE BONDS - 0.0% (b)
United States - 0.0% (b)
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡  (Cost $5,168,273)			5,467,000		4,927,134
SHORT-TERM INVESTMENTS - 8.5%
COMMERCIAL PAPER - 8.4%
Alimentation Couche-Tard, Inc.
5.84%, 2/1/2024 (c)(d)			36,109,000		36,103,492
BNG Bank NV
5.46%, 3/8/2024 (c)(d)			38,750,000		38,537,088
Caisse d'Amortissement de la Dette Sociale
5.55%, 2/1/2024 (c)(d)			21,150,000		21,146,879

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Cisco Systems, Inc.
5.36%, 3/11/2024 (c)		75,000,000		74,555,834
CVS Caremark Corp.
5.42%, 2/1/2024 (c)		74,378,000		74,366,861
Engie SA
5.62%, 2/6/2024 (c)		50,000,000		49,956,012
5.48%, 3/4/2024 (c)		70,000,000		69,663,061
5.33%, 4/2/2024 (c)		50,000,000		49,543,840
5.39%, 4/25/2024 (c)		37,500,000		37,033,680
Entergy Corp.
5.40%, 2/1/2024 (c)(d)		26,119,000		26,115,088
Erste Abwicklungsanstalt
5.34%, 2/14/2024  (c)(d)		97,250,000		97,048,569
Export Development Canada
5.34%, 4/12/2024 (c)		50,000,000		49,471,400
General Motors Financial Co., Inc.
5.43%, 2/1/2024 (c)(d)		106,377,000		106,360,917
Global Payments, Inc.
5.96%, 2/1/2024 (c)		47,489,000		47,481,121
Hydro-Quebec
5.37%, 2/29/2024 (c)		94,850,000		94,444,313
5.38%, 3/13/2024  (c)(d)		50,000,000		49,690,017
5.29%, 4/8/2024 (c)(d)		50,000,000		49,500,703
5.30%, 4/9/2024 (c)(d)		100,000,000		98,987,042
5.33%, 5/3/2024 (c)(d)		33,000,000		32,553,120
Kreditanstalt fuer Wiederaufbau
5.30%, 4/16/2024  (c)(d)		140,000,000		138,449,713
5.37%, 4/23/2024 (c)		70,000,000		69,153,084
5.33%, 4/26/2024 (c)		37,500,000		37,029,807
5.29%, 5/2/2024 (c)(d)		117,000,000		115,430,808
Microsoft Corp.
5.45%, 2/23/2024  (c)(d)		7,330,000		7,305,288
5.40%, 3/6/2024 (c)(d)		25,000,000		24,871,626
5.45%, 3/15/2024  (c)(d)		90,250,000		89,667,072
5.38%, 3/18/2024 (c)		90,000,000		89,378,934
5.35%, 4/3/2024 (c)(d)		50,000,000		49,537,213
5.34%, 4/5/2024 (c)(d)		75,000,000		74,283,871
Nederlandse Waterschapsbank NV
5.35%, 4/15/2024 (c)		85,000,000		84,053,490
5.28%, 5/20/2024 (c)		75,000,000		73,801,229
NRW Bank
5.41%, 3/13/2024  (c)(d)		100,000,000		99,385,167
5.26%, 4/2/2024 (c)(d)		33,333,000		33,030,466
5.30%, 4/19/2024 (c)		73,000,000		72,155,775
5.32%, 4/30/2024 (c)		50,000,000		49,341,250
Oesterreichische Kontrollbank AG
5.56%, 2/5/2024 (c)		68,072,000		68,021,756
Ontario Teachers' Finance Trust
5.54%, 2/8/2024 (c)(d)		56,691,000		56,623,967
Oracle Corp.
5.58%, 2/2/2024 (c)		119,000,000		118,964,149
5.57%, 2/7/2024 (c)		84,000,000		83,911,310
5.55%, 4/1/2024 (c)		50,000,000		49,538,433
5.48%, 4/26/2024 (c)		25,000,000		24,677,620
Philip Morris International, Inc.
5.38%, 2/6/2024 (c)		50,000,000		49,955,024
5.46%, 2/20/2024 (c)		100,000,000		99,699,694
5.61%, 2/22/2024 (c)		100,000,000		99,669,538
5.56%, 2/27/2024 (c)		50,000,000		49,796,925
5.54%, 3/5/2024 (c)		49,330,000		49,077,298
5.54%, 3/6/2024 (c)		30,000,000		29,841,771
Procter & Gamble Co.(The)
5.37%, 4/9/2024 (c)		37,500,000		37,119,997
Province of Quebec
5.41%, 2/12/2024  (c)(d)		50,000,000		49,911,636
5.38%, 2/21/2024  (c)(d)		25,700,000		25,620,454
5.41%, 3/7/2024 (c)(d)		120,000,000		119,364,000
5.41%, 3/11/2024  (c)(d)		120,000,000		119,294,222
5.40%, 3/14/2024  (c)(d)		100,000,000		99,368,338
PSP Capital, Inc.
5.47%, 2/8/2024 (c)(d)		50,000,000		49,941,323
5.44%, 2/23/2024  (c)(d)		100,000,000		99,662,567
5.43%, 3/8/2024 (c)(d)		50,000,000		49,728,427
5.30%, 5/3/2024 (c)(d)		100,000,000		98,637,912
Sanofi SA
5.35%, 3/15/2024  (c)(d)		25,000,000		24,837,302
5.34%, 3/19/2024  (c)(d)		35,850,000		35,595,608
Siemens Capital Co. LLC
5.41%, 2/1/2024 (c)		60,600,000		60,591,144
5.35%, 3/25/2024  (c)(d)		89,000,000		88,294,052
5.35%, 4/4/2024 (c)(d)		75,000,000		74,295,200
United Parcel Service, Inc.
5.14%, 3/12/2024 (c)		50,000,000		49,708,502
5.14%, 3/20/2024 (c)		50,000,000		49,651,805
Walt Disney Co. (The)
5.69%, 3/1/2024 (c)(d)		50,000,000		49,772,084
TOTAL COMMERCIAL PAPER (Cost $4,171,214,123)				4,170,605,888
U.S. TREASURY OBLIGATIONS - 0.1%
U.S. Treasury Bills
5.32%, 3/7/2024 (c)(e)		20,000,000		19,897,511
5.29%, 6/13/2024 (c)		20,000,000		19,624,521
5.17%, 6/27/2024  (c)(e)		20,000,000		19,589,421
TOTAL U.S. TREASURY OBLIGATIONS (Cost $59,106,489)				59,111,453

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund Consolidated Schedule of Investments January 31, 2024 (unaudited)
Investments	Shares	Value ($)
INVESTMENT COMPANIES - 0.0% (b)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (f) (Cost $1,288,280)	1,288,280	1,288,280
TOTAL SHORT-TERM INVESTMENTS (Cost $4,231,608,892)		4,231,005,621
Total Investments - 100.0% (Cost $34,404,673,450)		49,954,597,701
Liabilities in excess of other assets - 0.0% (b)		(19,740,070	)
Net Assets - 100.0%		49,934,857,631

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Affiliated company as defined under the Investment Company Act of 1940.
(b)	Represents less than 0.05% of net assets.
(c)	The rate shown was the current yield as of January 31, 2024.
(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, 2024 amounted to $2,228,951,231, which represents approximately 4.46% of net assets of the Fund.
(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, 2024.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2024  

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	54,714,746	EUR	49,812,000	UBS AG	2/21/2024	$	839,180
USD	78,960,114	JPY	11,505,223,000	UBS AG	2/21/2024		550,352
USD	22,114,029	EUR	20,115,000	Bank of New York Mellon	3/13/2024		338,535
USD	270,073,794	EUR	248,893,000	Goldman Sachs	4/17/2024		234,705
USD	80,277,729	JPY	11,429,943,000	Goldman Sachs	4/17/2024		1,698,539
USD	227,334,564	EUR	207,940,000	JPMorgan Chase Bank	6/5/2024		1,426,745
Total unrealized appreciation							5,088,056
USD	180,084,137	EUR	168,788,000	UBS AG	2/21/2024		(2,473,259	)
USD	212,888,064	EUR	198,485,000	Bank of New York Mellon	3/13/2024		(1,981,873	)
USD	88,988,600	JPY	13,161,850,000	Bank of New York Mellon	3/13/2024		(1,011,920	)
USD	91,908,644	GBP	73,123,000	Goldman Sachs	4/17/2024		(811,137	)
USD	91,154,232	GBP	71,983,000	JPMorgan Chase Bank	6/5/2024		(129,813	)
USD	109,862,487	JPY	15,953,736,000	JPMorgan Chase Bank	6/5/2024		(614,694	)
Total unrealized depreciation							(7,022,696	)
Net unrealized depreciation						$	(1,934,640	)

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

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.9	%
Air Freight & Logistics		1.7
Automobile Components		0.3
Banks		1.9
Beverages		2.8
Broadline Retail		1.5
Capital Markets		1.5
Chemicals		1.0
Commercial Services & Supplies		0.9
Commodities		11.3
Consumer Finance		0.8
Consumer Staples Distribution & Retail		0.5
Electrical Equipment		1.1
Electronic Equipment, Instruments & Components		1.1
Energy Equipment & Services		3.2
Entertainment		0.6
Financial Services		2.7
Food Products		2.7
Foreign Government Securities		0.7
Gas Utilities		0.2
Health Care Equipment & Supplies		2.2
Health Care Providers & Services		4.2
Hotels, Restaurants & Leisure		0.5
Household Durables		0.9
Household Products		2.7
Industrial Conglomerates		0.8
Insurance		4.5
Interactive Media & Services		5.5
Leisure Products		0.6
Machinery		4.8
Media		2.0
Metals & Mining		3.1
Office REITs		0.8
Oil, Gas & Consumable Fuels		3.5
Personal Care Products		1.8
Pharmaceuticals		1.0
Real Estate Management & Development		0.6
Residential REITs		0.7
Semiconductors & Semiconductor Equipment		3.0
Software		4.1
Specialized REITs		1.0
Specialty Retail		0.4
Technology Hardware, Storage & Peripherals		0.4
Textiles, Apparel & Luxury Goods		1.6
Tobacco		3.2
Trading Companies & Distributors		0.2
Short-Term Investments		8.5
Total Investments		100.0	%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Affiliated Securities

Security Description	Shares at January 31, 2024	Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales		Net Realized Gains (Loss)		Change in Unrealized Appreciation/Depreciation			Market Value January 31, 2024		Dividend Income
Common Stocks 4.8%
Japan 0.2%
Chofu Seisakusho Co. Ltd.	3,136,200	$	44,698,784	$	—	$	—	$	—	$	164,933		$	44,863,717	$	399,318
T Hasegawa Co. Ltd.	3,002,800		62,909,936		—		—		—		4,474,553			67,384,489		—
			107,608,720		—		—		—		4,639,486			112,248,206		399,318
United Kingdom 0.8%
Berkeley Group Holdings plc	6,766,463		332,616,729		—		—		—		77,124,171			409,740,900		—
United States 3.8%
CH Robinson Worldwide, Inc.	7,346,325		547,603,660		55,621,250		—		—		14,527,559			617,752,469		4,082,100
Douglas Emmett, Inc., REIT	9,162,021		102,706,255		—		—		—		21,439,130			124,145,385		1,740,784
Flowserve Corp.	7,892,216		289,802,171		—		—		—		25,334,014			315,136,185		1,578,443
IPG Photonics Corp.*	3,097,302		266,058,242		—		—		—		37,136,651			303,194,893		—
Mills Music Trust	31,592		1,074,444		—		—		—		79,928			1,154,372		20,237
NOV, Inc.	26,905,276		537,029,309		—		—		—		(12,107,374	)		524,921,935		1,345,264
			1,744,274,081		55,621,250		—		—		86,409,908			1,886,305,239		8,766,828
Total Common Stocks			2,184,499,530		55,621,250		—		—		168,173,565			2,408,294,345		9,166,146
Total		$	2,184,499,530	$	55,621,250	$	—	$	—	$	168,173,565		$	2,408,294,345	$	9,166,146

* Non-income producing security.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 83.6%
Belgium - 1.9%
Groupe Bruxelles Lambert NV		2,922,262		221,535,764
Legris Industries SA*‡ (a)(b)(c)		905,366		15,713,571
				237,249,335
Brazil - 2.5%
Ambev SA, ADR		74,789,315		195,948,005
Itausa SA (Preference)		51,723,362		104,398,842
				300,346,847
Canada - 8.2%
Agnico Eagle Mines Ltd.		717,589		35,269,650
Barrick Gold Corp.		5,600,959		87,374,960
Franco-Nevada Corp.		316,575		34,251,180
Imperial Oil Ltd.		7,543,865		435,142,051
Nutrien Ltd.		2,436,243		121,495,438
Power Corp. of Canada		6,216,607		181,210,776
Wheaton Precious Metals Corp.		2,364,552		110,826,552
				1,005,570,607
Chile - 0.9%
Cia Cervecerias Unidas SA, ADR (c)		9,392,572		111,865,533
China - 2.4%
Alibaba Group Holding Ltd.		13,666,828		122,577,483
Prosus NV		5,606,068		166,789,892
				289,367,375
Faroe Islands - 0.4%
Bakkafrost P/F		801,656		44,771,058
France - 6.4%
Danone SA		4,768,985		317,727,153
Laurent-Perrier (c)		558,938		74,599,471
Legrand SA		812,472		78,741,270
LVMH Moet Hennessy Louis Vuitton SE		33,358		27,755,823
Sanofi SA		1,679,882		168,232,653
Sodexo SA		801,545		90,421,508
Wendel SE		439,181		39,817,288
				797,295,166
Germany - 2.4%
Brenntag SE		557,632		49,300,261
FUCHS SE (Preference)		2,322,615		101,808,383
Henkel AG & Co. KGaA (Preference)		1,476,257		113,167,659
Merck KGaA		226,858		37,221,865
				301,498,168
Hong Kong - 3.4%
CK Asset Holdings Ltd.		19,475,000		87,877,900
Great Eagle Holdings Ltd.		22,777,700		33,531,696
Guoco Group Ltd.		7,806,340		71,393,819
Hongkong Land Holdings Ltd.		15,883,500		49,580,462
Hysan Development Co. Ltd.		17,500,405		30,205,588
Jardine Matheson Holdings Ltd.		3,779,100		151,746,549
				424,336,014
Japan - 15.9%
As One Corp.		1,378,380		52,036,163
Chofu Seisakusho Co. Ltd.		1,704,600		24,384,507
Daiichikosho Co. Ltd. (c)		5,732,560		78,535,274
FANUC Corp.		6,945,600		192,131,806
Hirose Electric Co. Ltd.		758,730		88,280,400
Hoshizaki Corp.		2,554,200		92,925,328
Kansai Paint Co. Ltd.		8,320,730		139,121,168
Keyence Corp.		74,800		33,465,361
Komatsu Ltd.		3,814,300		108,516,680
Mitsubishi Electric Corp.		11,266,300		167,195,276
MS&AD Insurance Group Holdings, Inc.		4,237,000		174,965,899
Nagaileben Co. Ltd.		1,687,224		26,772,147
Nihon Kohden Corp.		2,470,100		75,281,006
Pilot Corp.		477,500		13,334,579
Secom Co. Ltd.		2,958,100		214,699,979
Shimano, Inc.		976,470		140,197,005
SK Kaken Co. Ltd.		437,805		21,595,762
SMC Corp.		195,690		108,929,760
Sompo Holdings, Inc.		2,846,300		147,584,794
T Hasegawa Co. Ltd.		1,906,436		42,781,476
USS Co. Ltd.		560,300		10,596,067
				1,953,330,437
Mexico - 3.0%
Fomento Economico Mexicano SAB de CV, ADR		2,174,086		294,675,617
Fresnillo plc		1,426,722		9,542,884
Grupo Mexico SAB de CV, Series B		6,905,948		35,634,154
Industrias Penoles SAB de CV*		2,246,692		29,545,145
				369,397,800
Netherlands - 3.6%
HAL Trust		644,459		80,333,414
Heineken Holding NV		973,676		81,698,899
Shell plc		8,552,371		267,676,716
				429,709,029
Norway - 0.9%
Orkla ASA		14,829,598		116,162,139
Singapore - 1.6%
Haw Par Corp. Ltd. (c)		19,447,213		137,460,090
UOL Group Ltd.		14,128,300		65,605,889
				203,065,979
South Korea - 3.9%
Fursys, Inc. (c)		872,463		20,003,273
Hyundai Mobis Co. Ltd.		505,396		79,222,589
KT&G Corp.		2,451,893		166,518,498
Lotte Corp.*		184,208		4,001,320
NAVER Corp.		286,676		42,749,747
NongShim Co. Ltd.		203,663		57,668,032

See Notes to Consolidated Schedule of Investments.  (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Samsung Electronics Co. Ltd. (Preference)		2,345,824		102,643,534
				472,806,993
Sweden - 3.0%
Industrivarden AB, Class A		123,708		3,894,574
Industrivarden AB, Class C		1,572,517		49,422,772
Investor AB, Class A		1,542,690		35,978,542
Investor AB, Class B		8,384,352		197,407,683
L E Lundbergforetagen AB, Class B		296,080		15,437,853
Svenska Handelsbanken AB, Class A		6,838,494		73,721,300
				375,862,724
Switzerland - 4.9%
Cie Financiere Richemont SA (Registered)		1,767,922		262,597,564
Nestle SA (Registered)		1,236,148		140,859,816
Schindler Holding AG		724,861		180,554,784
Schindler Holding AG (Registered)		82,435		19,622,905
				603,635,069
Taiwan - 2.2%
Taiwan Secom Co. Ltd.		8,545,694		31,789,493
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		2,075,542		234,453,224
				266,242,717
Thailand - 0.9%
Bangkok Bank PCL, NVDR		20,440,959		81,235,576
Thai Beverage PCL		52,214,985		20,385,324
				101,620,900
Turkey - 0.5%
AG Anadolu Grubu Holding A/S		8,696,484		65,628,434
United Kingdom - 11.0%
BAE Systems plc		13,135,620		195,674,397
Berkeley Group Holdings plc		2,497,480		151,234,065
Big Yellow Group plc, REIT		2,602,379		37,630,480
British American Tobacco plc		7,936,742		234,003,806
Diageo plc		1,347,668		48,674,886
Great Portland Estates plc, REIT		4,895,618		25,759,216
Haleon plc		26,953,694		109,479,583
Lloyds Banking Group plc		189,904,219		101,799,258
Reckitt Benckiser Group plc		2,833,967		204,898,313
Unilever plc		5,122,575		249,713,377
				1,358,867,381
United States - 3.7%
Newmont Corp.		2,865,728		98,896,273
Royal Gold, Inc.		454,973		52,044,362
Willis Towers Watson plc		1,237,899		304,894,524
				455,835,159
TOTAL COMMON STOCKS (Cost $7,863,235,513)				10,284,464,864

Investments	Ounces		Value ($)
COMMODITIES - 11.0%
Gold bullion*
(Cost $598,234,591)		663,251		1,349,025,300

Investments		Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 1.7%
Indonesia - 0.1%
Republic of Indonesia
8.38%, 3/15/2024	IDR		267,431,000,000		16,971,700
Mexico - 0.6%
Mex Bonos Desarr Fix Rt
Series M, 10.00%, 12/5/2024	MXN		580,560,000		33,524,165
Series M, 5.75%, 3/5/2026	MXN		665,860,000		35,669,344
					69,193,509
Singapore - 0.6%
Republic of Singapore
1.25%, 11/1/2026	SGD		108,048,000		76,966,581
South Korea - 0.4%
Republic of Korea
1.25%, 3/10/2026	KRW		59,926,230,000		43,075,831
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost 206,335,510)					206,207,621
SHORT-TERM INVESTMENTS - 3.7%
COMMERCIAL PAPER - 3.5%
Alimentation Couche-Tard, Inc.
5.84%, 2/1/2024 (d)(e)			3,891,000		3,890,407
CVS Caremark Corp.
5.42%, 2/1/2024 (d)			44,812,000		44,805,289
Engie SA
5.48%, 3/4/2024 (d)			30,000,000		29,855,598
5.39%, 4/25/2024 (d)			12,500,000		12,344,560
Entergy Corp.
5.40%, 2/1/2024 (d)(e)			15,736,000		15,733,643
General Motors Financial Co., Inc.
5.43%, 2/1/2024 (d)(e)			64,089,000		64,079,310

See Notes to Consolidated Schedule of Investments.  (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Global Payments, Inc.
5.96%, 2/1/2024 (d)		28,611,000		28,606,253
Hydro-Quebec
5.33%, 5/3/2024 (d)(e)		22,000,000		21,702,080
Kreditanstalt fuer Wiederaufbau
5.33%, 4/26/2024 (d)		12,500,000		12,343,269
5.29%, 5/2/2024 (d)(e)		38,000,000		37,490,348
Nederlandse Waterschapsbank NV
5.35%, 4/15/2024 (d)		15,000,000		14,832,969
5.28%, 5/20/2024 (d)		25,000,000		24,600,410
NRW Bank
5.26%, 3/28/2024  (d)(e)		50,000,000		49,582,792
5.26%, 4/2/2024 (d)(e)		16,667,000		16,515,728
5.30%, 4/19/2024 (d)		25,000,000		24,710,882
5.32%, 4/30/2024 (d)		20,000,000		19,736,500
Oesterreichische Kontrollbank AG
5.56%, 2/5/2024 (d)		10,000,000		9,992,619
Ontario Teachers' Finance Trust
5.54%, 2/8/2024 (d)(e)		6,109,000		6,101,777
TOTAL COMMERCIAL PAPER (Cost $437,002,556)				436,924,434
U.S. TREASURY OBLIGATIONS - 0.2%
U.S. Treasury Bills
5.32%, 3/7/2024 (d)(f)		10,000,000		9,948,755
5.29%, 6/13/2024 (d)		10,000,000		9,812,261
5.17%, 6/27/2024  (d)(f)		10,000,000		9,794,710
TOTAL U.S. TREASURY OBLIGATIONS (Cost $29,553,244)				29,555,726

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (g)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (h) (Cost $856,838)		856,838		856,838
TOTAL SHORT-TERM INVESTMENTS (Cost $467,412,638)				467,336,998
Total Investments - 100.0% (Cost $9,135,218,252)				12,307,034,783
Other assets less liabilities - 0.0% (g)				377,364
Net Assets - 100.0%				12,307,412,147

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Represents a security that is subject to legal or contractual restrictions on resale. Total value of all such securities at January 31, 2024 amounted to $15,713,571, which represents approximately 0.13% of net assets of the Fund.

Restricted Securities	Acquisition Date	Cost		Carrying Value Per Share/Principal
Legris Industries SA	04/30/04	$	23,433,066	$	17.36

(b)	Security fair valued as of January 31, 2024 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2024 amounted to $15,713,571, which represents approximately 0.13% of net assets of the Fund.
(c)	Affiliated company as defined under the Investment Company Act of 1940.
(d)	The rate shown was the current yield as of January 31, 2024.
(e)	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, 2024 amounted to $215,096,085, which represents approximately 1.75% of net assets of the Fund.
(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, 2024.

See Notes to Consolidated Schedule of Investments.  (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2024  

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	30,832,790	EUR	28,070,000	UBS AG	2/21/2024	$	472,894
USD	43,864,496	JPY	6,391,465,000	UBS AG	2/21/2024		305,735
USD	32,839,580	EUR	29,871,000	Bank of New York Mellon	3/13/2024		502,729
USD	145,023,615	EUR	133,650,000	Goldman Sachs	4/17/2024		126,031
USD	50,355,457	JPY	7,169,610,000	Goldman Sachs	4/17/2024		1,065,435
USD	127,105,757	EUR	116,262,000	JPMorgan Chase Bank	6/5/2024		797,712
Total unrealized appreciation							3,270,536
USD	101,500,843	EUR	95,134,000	UBS AG	2/21/2024		(1,394,003	)
USD	100,105,709	EUR	93,333,000	Bank of New York Mellon	3/13/2024		(931,930	)
USD	50,430,047	JPY	7,458,851,000	Bank of New York Mellon	3/13/2024		(573,457	)
USD	36,604,093	GBP	29,123,000	Goldman Sachs	4/17/2024		(323,799	)
USD	37,953,176	GBP	29,971,000	JPMorgan Chase Bank	6/5/2024		(54,049	)
USD	62,014,275	JPY	9,005,434,000	JPMorgan Chase Bank	6/5/2024		(346,978	)
Total unrealized depreciation							(3,624,216	)
Net unrealized depreciation						$	(353,680	)

Abbreviations
ADR	American Depositary Receipt
EUR	Euro
Fix Rt	Fixed Rate
GBP	British Pound
IDR	Indonesian Rupiah
JPY	Japanese Yen
KRW	South Korean Won
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 Consolidated Schedule of Investments.  (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		1.6	%
Automobile Components		0.7
Banks		2.9
Beverages		6.6
Broadline Retail		2.4
Chemicals		3.5
Commercial Services & Supplies		2.3
Commodities		11.0
Electrical Equipment		2.0
Electronic Equipment, Instruments & Components		1.0
Entertainment		0.6
Financial Services		5.2
Food Products		5.5
Foreign Government Securities		1.7
Health Care Equipment & Supplies		0.8
Health Care Providers & Services		0.4
Hotels, Restaurants & Leisure		0.7
Household Durables		1.4
Household Products		2.6
Industrial Conglomerates		2.4
Insurance		6.6
Interactive Media & Services		0.4
Leisure Products		1.1
Machinery		5.8
Metals & Mining		4.0
Office REITs		0.2
Oil, Gas & Consumable Fuels		5.7
Personal Care Products		2.9
Pharmaceuticals		2.8
Real Estate Management & Development		2.2
Semiconductors & Semiconductor Equipment		1.9
Specialized REITs		0.3
Specialty Retail		0.1
Technology Hardware, Storage & Peripherals		0.8
Textiles, Apparel & Luxury Goods		2.4
Tobacco		3.3
Trading Companies & Distributors		0.4
Short-Term Investments		3.8
Total Investments		100.0	%

See Notes to Consolidated Schedule of Investments.  (Continued)

First Eagle Overseas Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Affiliated Securities
Security Description	Shares at January 31, 2024		Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales		Net Realized Gains (Loss)		Change in Unrealized Appreciation/Depreciation			Market Value January 31, 2024		Dividend Income
Common Stocks 3.6%
Belgium 0.1%
Legris Industries SA*‡ (a)(b)		905,366	$	15,384,962	$	—	$	—	$	—	$	328,609		$	15,713,571	$	—
Chile 0.9%
Cia Cervecerias Unidas SA, ADR		9,392,572		105,666,435		—		—		—		6,199,098			111,865,533		1,128,781
France 0.6%
Laurent-Perrier		558,938		69,786,652		—		—		—		4,812,819			74,599,471		—
Japan 0.7%
Daiichikosho Co. Ltd.		5,732,560		84,735,608		—		—		—		(6,200,334	)		78,535,274		—
Singapore 1.1%
Haw Par Corp. Ltd.		19,447,213		135,861,236		—		—		—		1,598,854			137,460,090		—
South Korea 0.2%
Fursys, Inc.		872,463		18,766,466		—		—		—		1,236,807			20,003,273		619,167
Total Common Stocks				430,201,359		—		—		—		7,975,853			438,177,212		1,747,948
Total			$	430,201,359	$	—	$	—	$	—	$	7,975,853		$	438,177,212	$	1,747,948

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Represents a security that is subject to legal or contractual restrictions on resale.
(b)	Security fair valued as of January 31, 2024 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2024 amounted to $15,713,571, which represents approximately 0.13% of net assets of the Fund.

See Notes to Consolidated Schedule of Investments.  (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 75.2%
Air Freight & Logistics - 3.2%
CH Robinson Worldwide, Inc.		326,978		27,495,580
Expeditors International of Washington, Inc.		95,532		12,068,558
				39,564,138
Banks - 1.1%
US Bancorp		330,658		13,735,533
Capital Markets - 3.4%
Bank of New York Mellon Corp. (The)		589,455		32,691,174
Charles Schwab Corp. (The)		143,493		9,028,580
				41,719,754
Chemicals - 1.3%
Nutrien Ltd. (Canada)		158,929		7,925,789
PPG Industries, Inc.		37,210		5,248,099
RPM International, Inc.		30,241		3,225,505
				16,399,393
Consumer Finance - 1.3%
American Express Co.		78,997		15,857,858
Consumer Staples Distribution & Retail - 0.8%
Walmart, Inc.		58,370		9,645,642
Electronic Equipment, Instruments & Components - 1.4%
IPG Photonics Corp.*		178,742		17,497,054
Energy Equipment & Services - 3.7%
Noble Corp. plc		73,511		3,244,041
NOV, Inc.		999,361		19,497,533
Schlumberger NV		471,530		22,963,511
				45,705,085
Entertainment - 0.8%
Walt Disney Co. (The)		109,127		10,481,648
Financial Services - 1.5%
Berkshire Hathaway, Inc., Class A*		32		18,496,640
Food Products - 0.8%
Kraft Heinz Co. (The)		262,298		9,739,125
Gas Utilities - 0.3%
UGI Corp.		194,116		4,297,728
Health Care Equipment & Supplies - 3.6%
Becton Dickinson & Co.		46,956		11,213,562
Dentsply Sirona, Inc.		353,557		12,286,106
Medtronic plc		233,051		20,401,285
				43,900,953
Health Care Providers & Services - 8.6%
Elevance Health, Inc.		63,028		31,100,537
HCA Healthcare, Inc.		157,427		47,999,492
Universal Health Services, Inc., Class B		170,425		27,065,194
				106,165,223
Household Products - 2.6%
Colgate-Palmolive Co.		376,279		31,682,692
Insurance - 3.3%
Brown & Brown, Inc.		85,039		6,595,625
Fidelity National Financial, Inc.		158,855		7,947,516
Willis Towers Watson plc		104,185		25,660,765
				40,203,906
Interactive Media & Services - 8.2%
Alphabet, Inc., Class A*		145,960		20,448,996
Alphabet, Inc., Class C*		188,322		26,704,059
Meta Platforms, Inc., Class A*		138,169		53,905,254
				101,058,309
Machinery - 3.3%
Cummins, Inc.		73,903		17,684,988
Deere & Co.		20,543		8,085,314
Flowserve Corp.		378,708		15,121,810
				40,892,112
Media - 3.5%
Comcast Corp., Class A		920,308		42,831,134
Metals & Mining - 2.5%
Agnico Eagle Mines Ltd. (Canada)		82,024		4,031,497
Barrick Gold Corp. (Canada)		552,455		8,618,298
Franco-Nevada Corp. (Canada)		31,259		3,382,003
Newmont Corp.		284,854		9,830,311
Royal Gold, Inc.		38,764		4,434,214
				30,296,323
Office REITs - 0.9%
Boston Properties, Inc., REIT		102,688		6,828,752
Douglas Emmett, Inc., REIT		359,380		4,869,599
				11,698,351
Oil, Gas & Consumable Fuels - 3.1%
Exxon Mobil Corp.		317,531		32,645,362
ONEOK, Inc.		80,792		5,514,054
				38,159,416
Residential REITs - 1.4%
Equity Residential, REIT		296,839		17,866,739
Semiconductors & Semiconductor Equipment - 3.8%
Analog Devices, Inc.		132,445		25,477,120
Texas Instruments, Inc.		137,787		22,062,455
				47,539,575
Software - 6.0%
Microsoft Corp.		22,886		9,099,016
Oracle Corp.		425,031		47,475,962
Salesforce, Inc.*		61,730		17,351,686
				73,926,664

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Specialized REITs - 1.6%
Extra Space Storage, Inc., REIT		42,904		6,197,054
Weyerhaeuser Co., REIT		401,701		13,163,742
				19,360,796
Specialty Retail - 0.5%
Ross Stores, Inc.		46,793		6,564,122
Tobacco - 2.7%
Philip Morris International, Inc.		372,296		33,823,092
TOTAL COMMON STOCKS (Cost $527,228,422)				929,109,005

Investments	Ounces		Value ($)
COMMODITIES - 11.9%
Gold bullion* (Cost $78,780,492)		72,529		147,520,509

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 1.4%
Oil, Gas & Consumable Fuels - 1.4%
Enterprise Products Partners LP (Cost $12,353,309)		623,041		16,672,577

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 0.8%
Banks - 0.1%
Manufacturers & Traders Trust Co.
4.65%, 1/27/2026		1,205,000		1,188,973
Financial Services - 0.2%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028‡ (a)		3,305,600		2,901,092
Food Products - 0.1%
Post Holdings, Inc.
5.75%, 3/1/2027 (a)		666,000		662,773
Health Care Equipment & Supplies - 0.0% (b)
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡		600,000		540,750
Oil, Gas & Consumable Fuels - 0.4%
Enterprise Products Operating LLC
Series E, (CME Term SOFR 3 Month + 3.29%), 5.25%, 8/16/2077 (c)		2,600,000		2,503,924
(CME Term SOFR 3 Month + 2.83%), 5.38%, 2/15/2078 (c)		2,750,000		2,562,382
				5,066,306
TOTAL CORPORATE BONDS (Cost $10,236,522)				10,359,894
CONVERTIBLE PREFERRED STOCKS - 0.4%
Banks - 0.4%
Bank of America Corp.
Series L, 7.25%, (d) (Cost $5,693,463)		4,250		5,175,863
SHORT-TERM INVESTMENTS - 10.5%
COMMERCIAL PAPER - 7.9%
Cisco Systems, Inc.
5.39%, 4/12/2024 (a)(e)		12,500,000		12,367,100
Coca-Cola Co. (The)
5.28%, 7/1/2024 (e)		10,000,000		9,782,358
CVS Caremark Corp.
5.42%, 2/1/2024 (e)		10,208,000		10,206,471
Entergy Corp.
5.40%, 2/1/2024 (a)(e)		3,585,000		3,584,463
General Motors Financial Co., Inc.
5.43%, 2/1/2024 (a)(e)		14,600,000		14,597,793
Global Payments, Inc.
5.96%, 2/1/2024 (e)		6,518,000		6,516,919
Microsoft Corp.
5.38%, 3/18/2024 (e)		10,000,000		9,930,993
5.36%, 5/29/2024 (a)(e)		8,000,000		7,861,625
Oracle Corp.
5.44%, 4/30/2024 (e)		10,000,000		9,865,250
Procter & Gamble Co.(The)
5.37%, 4/9/2024 (e)		12,500,000		12,373,332
TOTAL COMMERCIAL PAPER (Cost $97,100,420)				97,086,304

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (b)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (f)
(Cost $27,183)		27,183		27,183

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 2.6%
U.S. Treasury Bills
5.32%, 3/7/2024 (e)		5,000,000		4,974,378
5.43%, 3/21/2024 (e)		9,100,000		9,034,756
5.17%, 5/9/2024 (e)		5,000,000		4,929,595
5.29%, 6/13/2024 (e)		5,000,000		4,906,130
5.14%, 7/18/2024 (e)		9,000,000		8,790,420
TOTAL U.S. TREASURY OBLIGATIONS (Cost $32,634,333)				32,635,279
TOTAL SHORT-TERM INVESTMENTS (Cost $129,761,936)				129,748,766
Total Investments - 100.2% (Cost $764,054,144)				1,238,586,614
Liabilities in excess of other assets - (0.2%)				(2,441,576	)
Net Assets - 100.0%				1,236,145,038

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Securities exempt from registration under Rule 144A or section 4(a)2 of the Securities Act of 1933. Total value of all such securities at January 31, 2024 amounted to $41,974,846, which represents approximately 3.40% of net assets of the Fund.
(b)	Represents less than 0.05% of net assets.
(c)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2024.
(d)	Perpetual security. The rate reflected was the rate in effect on January 31, 2024. The maturity date reflects the next call date.
(e)	The rate shown was the current yield as of January 31, 2024.
(f)	Represents 7-day effective yield as of January 31, 2024.

Abbreviations
REIT	Real Estate Investment Trust

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Air Freight & Logistics		3.2	%
Banks		1.6
Capital Markets		3.4
Chemicals		1.3
Commodities		11.9
Consumer Finance		1.3
Consumer Staples Distribution & Retail		0.8
Electronic Equipment, Instruments & Components		1.4
Energy Equipment & Services		3.7
Entertainment		0.8
Financial Services		1.7
Food Products		0.9
Gas Utilities		0.3
Health Care Equipment & Supplies		3.6
Health Care Providers & Services		8.6
Household Products		2.6
Insurance		3.3
Interactive Media & Services		8.2
Machinery		3.3
Media		3.5
Metals & Mining		2.5
Office REITs		0.9
Oil, Gas & Consumable Fuels		4.9
Residential REITs		1.4
Semiconductors & Semiconductor Equipment		3.8
Software		6.0
Specialized REITs		1.6
Specialty Retail		0.5
Tobacco		2.7
Short-Term Investments		10.5
Total Investments		100.2	%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 84.3%
Australia - 4.8%
Northern Star Resources Ltd.		11,776,996		101,020,803
Canada - 56.8%
Agnico Eagle Mines Ltd.		2,078,824		102,174,636
Alamos Gold, Inc., Class A		8,311,143		100,639,970
B2Gold Corp.		23,333,222		65,082,065
Barrick Gold Corp.		18,561,427		289,558,261
Dundee Precious Metals, Inc. (a)		15,200,008		97,342,459
Franco-Nevada Corp.		917,800		99,299,482
G Mining Ventures Corp.*		1,095,209		1,596,645
Kinross Gold Corp.		3,900,000		21,489,000
MAG Silver Corp.* (a)		6,081,222		54,730,772
Novagold Resources, Inc.* (a)		17,740,710		45,416,218
Orla Mining Ltd.*		7,840,941		26,127,722
Wheaton Precious Metals Corp.		6,340,844		297,195,358
				1,200,652,588
Mexico - 2.2%
Fresnillo plc		4,277,558		28,611,206
Industrias Penoles SAB de CV*		1,403,600		18,458,056
				47,069,262
South Africa - 3.3%
Gold Fields Ltd., ADR		4,641,037		68,687,348
United Kingdom - 4.8%
Anglogold Ashanti plc		5,812,586		102,417,765
United States - 12.4%
Newmont Corp.		4,646,577		160,353,372
Royal Gold, Inc.		891,278		101,953,291
				262,306,663
TOTAL COMMON STOCKS (Cost $1,437,491,040)				1,782,154,429
Investments	Ounces		Value ($)
COMMODITIES - 14.0%
Gold bullion*		83,075		168,970,458
Silver bullion*		5,558,475		126,841,069
TOTAL COMMODITIES (Cost $152,266,452)				295,811,527
Investments	Number of Rights		Value ($)
RIGHTS - 0.1%
Canada - 0.1%
Pan American Silver Corp., CVR, expiring 2/22/2029*
Cost $45,973,715		6,835,667		3,182,345
Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 2.2%
COMMERCIAL PAPER - 2.2%
CVS Caremark Corp.
5.42%, 2/1/2024 (b)		13,556,000		13,553,970
Entergy Corp.
5.40%, 2/1/2024 (b)(c)		4,760,000		4,759,287
General Motors Financial Co., Inc.
5.43%, 2/1/2024 (b)(c)		19,387,000		19,384,069
Global Payments, Inc.
5.96%, 2/1/2024 (b)		8,655,000		8,653,564
TOTAL COMMERCIAL PAPER (Cost $46,358,000)				46,350,890
Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (d)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (e) (Cost $29,954)		29,954		29,954
TOTAL SHORT-TERM INVESTMENTS (Cost $46,387,954)				46,380,844
Total Investments - 100.6% (Cost $1,682,119,161)				2,127,529,145
Liabilities in excess of other assets - (0.6)%				(12,253,620	)
Net Assets - 100.0%				2,115,275,525

*	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, 2024.
(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, 2024 amounted to $24,143,356, which represents approximately 1.14% 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, 2024.

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, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Commodities		14.0	%
Metals & Mining		84.4
Short-Term Investments		2.2
Total Investments		100.6	%

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Gold Fund
Consolidated Schedule of Investments
January 31, 2024 (unaudited)

Affiliated Securities

Security Description	Shares at January 31, 2024		Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales		Net Realized Gains (Loss)		Change in Unrealized Appreciation/ Depreciation			Market Value January 31, 2024		Dividend Income
Common Stocks 9.3%
Canada 9.3%
Dundee Precious Metals, Inc.		15,200,008	$	93,341,751	$	6,655,129	$	—	$	—	$	(2,654,421	)	$	97,342,459	$	519,772
MAG Silver Corp.*		6,081,222		54,322,011		6,687,094		—		—		(6,278,333	)		54,730,772		—
Novagold Resources, Inc.*		17,740,710		62,447,299		—		—		—		(17,031,081	)		45,416,218		—
Total Common Stocks				210,111,061		13,342,223		—		—		(25,963,835	)		197,489,449		519,772
Total			$	210,111,061	$	13,342,223	$	—	$	—	$	(25,963,835	)	$	197,489,449	$	519,772

* Non-income producing security.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 61.2%
Brazil - 1.4%
Ambev SA, ADR		6,421,747		16,824,977
Itausa SA (Preference)		3,672,034		7,411,662
				24,236,639
Canada - 4.0%
Agnico Eagle Mines Ltd.		16,806		826,018
Barrick Gold Corp.		90,496		1,411,738
Franco-Nevada Corp.		42,649		4,614,321
Franco-Nevada Corp.		32,962		3,568,137
Imperial Oil Ltd.		238,922		13,781,398
Nutrien Ltd.		87,298		4,353,551
Power Corp. of Canada		883,284		25,747,257
Wheaton Precious Metals Corp.  (a)		281,516		13,194,655
				67,497,075
Chile - 1.3%
Cia Cervecerias Unidas SA, ADR		1,327,830		15,814,455
Quinenco SA		2,083,758		7,071,947
				22,886,402
France - 2.3%
Danone SA		229,993		15,322,971
Sanofi SA		161,273		16,150,768
Sodexo SA		54,727		6,173,699
Wendel SE		19,995		1,812,799
				39,460,237
Germany - 1.4%
Brenntag SE		29,533		2,611,013
FUCHS SE (Preference)		341,114		14,952,226
Henkel AG & Co. KGaA (Preference)		81,279		6,230,727
				23,793,966
Hong Kong - 3.2%
CK Asset Holdings Ltd.		2,483,000		11,204,150
Great Eagle Holdings Ltd.		1,345,774		1,981,152
Hongkong Land Holdings Ltd.		2,934,100		9,158,815
Hysan Development Co. Ltd.		1,027,083		1,772,739
Jardine Matheson Holdings Ltd.		720,400		28,927,050
Mandarin Oriental International Ltd.		1,047,200		1,570,800
				54,614,706
Japan - 3.2%
FANUC Corp.		294,600		8,149,336
MS&AD Insurance Group Holdings, Inc.		209,600		8,655,382
Nagaileben Co. Ltd.		22,700		360,194
Nohmi Bosai Ltd.		70,300		1,061,745
Secom Co. Ltd.		203,100		14,741,072
Shimano, Inc.		87,400		12,548,484
Sompo Holdings, Inc.		104,800		5,434,033
USS Co. Ltd.		214,900		4,064,063
				55,014,309
Mexico - 3.0%
Bolsa Mexicana de Valores SAB de CV		403,523		817,526
Coca-Cola Femsa SAB de CV, ADR (a)		187,816		17,831,251
Fomento Economico Mexicano SAB de CV, ADR (a)		153,196		20,764,186
GMexico Transportes SAB de CV  (b)		1,116,309		2,550,229
Grupo Mexico SAB de CV, Series B		2,026,562		10,456,902
				52,420,094
Netherlands - 0.8%
HAL Trust		40,521		5,051,043
Heineken Holding NV		113,543		9,527,131
				14,578,174
Norway - 1.0%
Orkla ASA		2,142,238		16,780,425
Singapore - 0.6%
United Overseas Bank Ltd.		292,600		6,167,581
UOL Group Ltd.		764,200		3,548,623
				9,716,204
South Korea - 2.2%
KT&G Corp.		419,335		28,478,826
Samsung Electronics Co. Ltd. (Preference)		227,622		9,959,795
				38,438,621
Sweden - 0.6%
Svenska Handelsbanken AB, Class A		891,201		9,607,451
Switzerland - 4.7%
Cie Financiere Richemont SA (Registered)		168,707		25,058,825
Nestle SA (Registered)		331,974		37,828,639
Schindler Holding AG		61,668		15,360,810
Schindler Holding AG (Registered)		7,544		1,795,781
				80,044,055
Taiwan - 0.5%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (a)		79,844		9,019,178
Thailand - 0.7%
Bangkok Bank PCL, NVDR		1,467,900		5,833,665
Thai Beverage PCL		17,954,100		7,009,485
				12,843,150
United Kingdom - 8.7%
BAE Systems plc		807,624		12,030,748
Berkeley Group Holdings plc		222,665		13,483,405
British American Tobacco plc		1,246,229		36,743,330
Diageo plc		124,310		4,489,811
Great Portland Estates plc, REIT		327,228		1,721,772
Haleon plc		4,109,584		16,692,166
Lloyds Banking Group plc		11,546,087		6,189,347
Reckitt Benckiser Group plc		216,495		15,652,779
Unilever plc		871,901		42,503,105
				149,506,463
United States - 21.6%
Analog Devices, Inc. (a)		73,648		14,166,929

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Bank of New York Mellon Corp. (The) (a)		296,834		16,462,414
Becton Dickinson & Co. (a)		73,838		17,633,253
Boston Properties, Inc., REIT (a)		125,907		8,372,816
CH Robinson Worldwide, Inc. (a)		129,767		10,912,107
Colgate-Palmolive Co. (a)		368,873		31,059,107
Comcast Corp., Class A (a)		541,473		25,200,153
Douglas Emmett, Inc., REIT		366,396		4,964,666
Elevance Health, Inc. (a)		17,617		8,692,932
Equity Residential, REIT		345,193		20,777,167
Exxon Mobil Corp. (a)		412,370		42,395,760
Fidelity National Financial, Inc.		84,603		4,232,688
Fidelity National Information Services, Inc. (a)		51,600		3,212,616
General Dynamics Corp. (a)		7,297		1,933,632
HCA Healthcare, Inc. (a)		75,005		22,869,024
IDACORP, Inc. (a)		52,533		4,863,505
Kraft Heinz Co. (The)		133,886		4,971,187
Linde plc (a)		6,853		2,774,300
Medtronic plc		224,887		19,686,608
ONEOK, Inc. (a)		77,140		5,264,805
Oracle Corp. (a)		29,638		3,310,565
Philip Morris International, Inc.  (a)		318,886		28,970,793
Royal Gold, Inc. (a)		90,423		10,343,487
RPM International, Inc.		6,018		641,880
Schlumberger NV		153,224		7,462,009
Texas Instruments, Inc. (a)		121,579		19,467,229
Truist Financial Corp.		44		1,631
UGI Corp.		74,789		1,655,828
Universal Health Services, Inc., Class B		19,258		3,058,363
US Bancorp (a)		326,193		13,550,057
Walmart, Inc. (a)		56,972		9,414,623
Weyerhaeuser Co., REIT		129,131		4,231,623
				372,553,757
TOTAL COMMON STOCKS (Cost $945,309,654)				1,053,010,906
Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 12.1%
U.S. Treasury Bonds
6.63%, 2/15/2027		7,350,000		7,906,705
6.13%, 11/15/2027		21,467,400		23,114,352
U.S. Treasury Inflation Linked Notes
0.13%, 7/15/2024		13,800,000		17,693,019
0.25%, 1/15/2025		9,500,000		12,023,503
0.38%, 7/15/2025		12,175,000		15,375,919
0.13%, 4/15/2027		14,230,800		14,634,085
1.25%, 4/15/2028		13,225,000		13,254,360
U.S. Treasury Notes
1.75%, 6/30/2024		4,317,000		4,256,461
3.00%, 7/31/2024		13,200,000		13,062,844
1.75%, 12/31/2024		17,647,000		17,169,290
1.75%, 3/15/2025		8,680,000		8,408,411
2.75%, 6/30/2025		17,750,000		17,344,385
0.38%, 12/31/2025		21,807,700		20,276,049
1.75%, 12/31/2026		6,360,000		5,970,698
4.63%, 9/30/2028 (c)		3,350,000		3,453,379
3.38%, 5/15/2033		12,050,000		11,517,164
3.88%, 8/15/2033 (c)		2,700,000		2,683,969
				208,144,593
TOTAL U.S. TREASURY OBLIGATIONS (Cost 208,744,451)				208,144,593
CORPORATE BONDS - 11.3%
Australia - 0.2%
Coronado Finance Pty. Ltd.
10.75%, 5/15/2026 (d)		1,459,000		1,532,942
Nufarm Australia Ltd.
5.00%, 1/27/2030 (d)		2,595,000		2,374,581
				3,907,523
Canada - 0.8%
Nutrien Ltd.
4.90%, 3/27/2028		866,000		870,316
TransCanada PipeLines Ltd.
(United States SOFR Compounded Index + 1.52%), 6.88%, 3/9/2026   (e)		4,400,000		4,403,552
Transcanada Trust
Series 16-A, 5.88%, 8/15/2076   (e)		9,142,000		8,782,418
				14,056,286
Germany - 0.3%
IHO Verwaltungs GmbH
4.75%, 9/15/2026 (d)		3,879,000		3,792,188
6.00%, 5/15/2027 (d)		1,336,632		1,323,399
				5,115,587
Mexico - 0.7%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028‡ (d)		12,624,000		11,079,194
Poland - 0.0% (f)
Canpack SA
3.13%, 11/1/2025 (d)		420,000		401,373

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
United Kingdom - 0.1%
BAT Capital Corp.
3.22%, 9/6/2026		2,425,000		2,321,840
United States - 9.2%
ACCO Brands Corp.
4.25%, 3/15/2029 (d)		6,858,000		6,218,038
American Airlines, Inc.
5.50%, 4/20/2026 (d)		3,200,875		3,165,700
5.75%, 4/20/2029 (d)		502,000		492,979
American Tower Corp.
REIT, 2.40%, 3/15/2025		115,000		111,441
AMN Healthcare, Inc.
4.63%, 10/1/2027 (d)		2,959,000		2,820,519
Ball Corp.
6.88%, 3/15/2028		2,552,000		2,635,371
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 (e)(g)		9,889,000		8,869,191
Boston Properties LP
REIT, 3.20%, 1/15/2025		1,817,000		1,776,511
Carnival Corp.
4.00%, 8/1/2028 (d)		1,206,000		1,115,565
Centene Corp.
4.25%, 12/15/2027		2,873,000		2,761,832
4.63%, 12/15/2029		450,000		430,721
Charles River Laboratories International, Inc.
4.25%, 5/1/2028 (d)		2,282,000		2,155,783
3.75%, 3/15/2029 (d)		1,522,000		1,384,215
CITGO Petroleum Corp.
7.00%, 6/15/2025 (d)		9,457,000		9,455,657
6.38%, 6/15/2026 (d)		5,182,000		5,172,919
CVS Health Corp.
3.88%, 7/20/2025		875,000		861,092
1.30%, 8/21/2027		1,000,000		888,684
4.30%, 3/25/2028		850,000		835,170
DCP Midstream Operating LP
6.45%, 11/3/2036 (d)		773,000		814,784
Delta Air Lines, Inc.
4.50%, 10/20/2025 (d)		3,588,550		3,546,165
DT Midstream, Inc.
4.13%, 6/15/2029 (d)		2,910,000		2,673,556
Edgewell Personal Care Co.
5.50%, 6/1/2028 (d)		1,770,000		1,732,511
4.13%, 4/1/2029 (d)		1,557,000		1,403,340
Embecta Corp.
5.00%, 2/15/2030 (d)		4,893,000		4,003,844
6.75%, 2/15/2030 (d)		2,292,000		1,996,905
Enterprise Products Operating LLC
Series E, (CME Term SOFR 3 Month + 3.29%), 5.25%, 8/16/2077 (e)		3,600,000		3,466,972
Fair Isaac Corp.
4.00%, 6/15/2028 (d)		2,764,000		2,573,991
GE HealthCare Technologies, Inc.
5.60%, 11/15/2025		1,700,000		1,715,526
HCA, Inc.
5.38%, 2/1/2025		4,401,000		4,396,949
5.88%, 2/15/2026		3,449,000		3,481,625
3.50%, 9/1/2030		2,788,000		2,529,723
Iron Mountain, Inc.
REIT, 4.88%, 9/15/2027  (d)		3,609,000		3,487,411
REIT, 5.25%, 3/15/2028  (d)		1,005,000		974,655
REIT, 5.00%, 7/15/2028  (d)		1,596,000		1,526,868
REIT, 4.88%, 9/15/2029  (d)		1,322,000		1,235,351
KeyBank NA
4.15%, 8/8/2025		1,775,000		1,735,635
KFC Holding Co.
4.75%, 6/1/2027 (d)		1,472,000		1,440,367
Kraft Heinz Foods Co.
3.00%, 6/1/2026		1,800,000		1,729,074
Laboratory Corp. of America Holdings
3.60%, 2/1/2025		2,625,000		2,580,382
Lamb Weston Holdings, Inc.
4.13%, 1/31/2030 (d)		2,583,000		2,357,051
Manufacturers & Traders Trust Co.
4.65%, 1/27/2026		3,480,000		3,433,714
4.70%, 1/27/2028		3,825,000		3,749,029
Mileage Plus Holdings LLC
6.50%, 6/20/2027 (d)		3,807,696		3,813,394
MSCI, Inc.
4.00%, 11/15/2029 (d)		4,725,000		4,389,668
Post Holdings, Inc.
5.75%, 3/1/2027 (d)		2,867,000		2,853,111
PRA Group, Inc.
7.38%, 9/1/2025 (d)		2,123,000		2,136,417
Roller Bearing Co. of America, Inc.
4.38%, 10/15/2029 (d)		4,405,000		4,048,823
Scripps Escrow II, Inc.
5.38%, 1/15/2031 (d)		1,202,000		913,159
SEG Holding LLC
5.63%, 10/15/2028 (d)		5,461,000		5,531,611
Service Corp. International
4.63%, 12/15/2027		699,000		678,205
5.13%, 6/1/2029		857,000		836,646
Taylor Morrison Communities, Inc.
5.13%, 8/1/2030 (d)		2,000,000		1,904,884
Teleflex, Inc.
4.63%, 11/15/2027		2,919,000		2,831,809

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments		Principal Amount ($)		Value ($)
4.25%, 6/1/2028  (d)			782,000		741,860
Truist Financial Corp.
Series N, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 4.80%, 9/1/2024 (e)(g)			14,157,000		13,512,856
VICI Properties LP
REIT, 5.63%, 5/1/2024  (d)			1,586,000		1,583,531
WESCO Distribution, Inc.
7.25%, 6/15/2028 (d)			2,136,000		2,194,101
					157,706,891
TOTAL CORPORATE BONDS (Cost 195,709,983)					194,588,694
Investments		Ounces		Value ($)
COMMODITIES - 6.4%
Gold bullion*
(Cost $66,803,475)			54,191		110,222,733
Investments		Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 2.0%
Brazil - 0.3%
Notas do Tesouro Nacional
10.00%, 1/1/2025	BRL		24,000,000		4,876,213
Canada - 0.0% (f)
Province of Quebec
2.50%, 4/20/2026			893,000		858,091
Colombia - 0.2%
Republic of Colombia
3.00%, 1/30/2030			4,290,000		3,564,707
Italy - 0.3%
Republic of Italy
2.38%, 10/17/2024			5,300,000		5,184,513
Mexico - 0.5%
Mex Bonos Desarr Fix Rt
Series M, 10.00%, 12/5/2024	MXN		45,000,000		2,598,504
Series M, 5.75%, 3/5/2026	MXN		111,800,000		5,988,996
					8,587,500
Romania - 0.1%
Romania Government Bond
6.63%, 2/17/2028 (d)			850,000		879,878
Saudi Arabia - 0.1%
Kingdom of Saudi Arabia
4.75%, 1/18/2028 (d)			1,750,000		1,752,097
Singapore - 0.3%
Republic of Singapore
1.25%, 11/1/2026	SGD		7,592,000		5,408,062
South Korea - 0.2%
Republic of Korea
1.25%, 3/10/2026	KRW		4,480,550,000		3,220,683
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost 34,364,140)					34,331,744
Investments		Shares		Value ($)
PREFERRED STOCKS - 1.6%
United States - 1.6%
Charles Schwab Corp. (The)
Series D,  5.95%, (g)			46,239		1,173,083
General American Investors Co., Inc.
Series B,  5.95%, (g)			4,712		118,271
MetLife, Inc.
Series A, (SOFR 3 Month + 1.00%, 4.00% Floor),  6.65%, (e)(g)			128,986		3,078,896
Northern Trust Corp.
Series E,  4.70%, (g)			135,349		2,999,334
State Street Corp.
Series G,  5.35%, (e)(g)			100,371		2,429,982
Truist Financial Corp.
Series R,  4.75%, (g)			499,123		10,741,127
US Bancorp
Series A, (CME Term SOFR 3 Month + 1.28%),  6.60%, (e)(g)			5,200		4,368,052
Series B, (CME Term SOFR 3 Month + 0.86%, 1.02% Floor),  6.18%, (e)(g)			153,884		3,250,030
TOTAL PREFERRED STOCKS (Cost 29,007,091)					28,158,775
Investments		Principal Amount ($)		Value ($)
CONVERTIBLE PREFERRED STOCKS - 1.5%
United States - 1.5%
Bank of America Corp.
Series L, 7.25%, (g)			10,496		12,782,554
Wells Fargo & Co.
Series L, 7.50%, (g)			11,123		13,458,830
					26,241,384
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost 30,438,618)					26,241,384

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 1.2%
United States - 1.2%
Enterprise Products Partners LP (Cost $15,109,296)		784,848		21,002,533
Investments	Principal Amount ($)		Value ($)
ASSET-BACKED SECURITIES - 0.2%
United States - 0.2%
United Airlines Pass-Through Trust
Series 2020-1, Class A, 5.88%, 10/15/2027 (Cost $3,964,913)		3,980,164		4,014,554
LOAN ASSIGNMENTS - 0.2%
United States - 0.2%
Aramark Intermediate HoldCo Corp., Term Loan B-5
(SOFR 1 month + 2.50%), 7.95%, 4/6/2028 (e) (Cost $2,500,000)		2,500,000		2,500,625
SHORT-TERM INVESTMENTS - 2.1%
COMMERCIAL PAPER - 2.1%
CVS Caremark Corp.
5.42%, 2/1/2024 (h)		10,559,000		10,557,419
Entergy Corp.
5.40%, 2/1/2024 (d)(h)		3,708,000		3,707,445
General Motors Financial Co., Inc.
5.43%, 2/1/2024 (d)(h)		15,102,000		15,099,717
Global Payments, Inc.
5.96%, 2/1/2024 (h)		6,742,000		6,740,881
TOTAL COMMERCIAL PAPER (Cost $36,111,000)				36,105,462
Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (f)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (i) (Cost $10,355)		10,355		10,355
TOTAL SHORT-TERM INVESTMENTS (Cost $36,121,355)				36,115,817
Total Investments - 99.8% (Cost $1,568,072,976)				1,718,332,358
Other assets less liabilities - 0.2%				2,635,797
Net Assets - 100.0%				1,720,968,155

*	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)	All or a portion of this security is pledged with the custodian for current or potential holdings of forward foreign currency exchange contracts.
(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, 2024 amounted to $133,801,547, which represents approximately 7.77% of net assets of the Fund.
(e)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of January 31, 2024.
(f)	Represents less than 0.05% of net assets.
(g)	Perpetual security. The rate reflected was the rate in effect on January 31, 2024. The maturity date reflects the next call date.
(h)	The rate shown was the current yield as of January 31, 2024.
(i)	Represents 7-day effective yield as of January 31, 2024.

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Forward Foreign Currency Exchange Contracts outstanding as of January 31, 2024  

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
USD	1,756,382	EUR	1,599,000	UBS AG	2/21/2024	$	26,938
USD	1,104,391	JPY	160,920,000	UBS AG	2/21/2024		7,698
USD	772,864	EUR	703,000	Bank of New York Mellon	3/13/2024		11,831
USD	7,202,894	EUR	6,638,000	Goldman Sachs	4/17/2024		6,260
USD	1,455,808	JPY	207,278,000	Goldman Sachs	4/17/2024		30,802
USD	7,645,237	EUR	6,993,000	JPMorgan Chase Bank	6/5/2024		47,981
Total unrealized appreciation							131,510
USD	5,864,887	EUR	5,497,000	UBS AG	2/21/2024		(80,548	)
USD	6,856,908	EUR	6,393,000	Bank of New York Mellon	3/13/2024		(63,834	)
USD	1,637,573	JPY	242,205,000	Bank of New York Mellon	3/13/2024		(18,621	)
USD	2,460,956	GBP	1,958,000	Goldman Sachs	4/17/2024		(21,783	)
USD	3,084,780	GBP	2,436,000	JPMorgan Chase Bank	6/5/2024		(4,393	)
USD	1,481,047	JPY	215,071,000	JPMorgan Chase Bank	6/5/2024		(8,287	)
Total unrealized depreciation							(197,466	)
Net unrealized depreciation						$	(65,956	)

Abbreviations
ADR	American Depositary Receipt
BRL	Brazilian Real
EUR	Euro
Fix Rt	Fixed Rate
GBP	British Pound
ICE	Intercontinental Exchange
JPY	Japanese Yen
KRW	South Korean 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
SOFR	Secured Overnight Financing Rate
USD	United States Dollar

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Written Call Options Contracts as of January 31, 2024 :
Description	Counterparty	Number of Contracts		Notional Amount			Exercise Price		Expiration Date	Value ($)
Analog Devices, Inc.	Exchange Traded		92	USD	(1,769,712	)	USD	220.00	6/21/2024		(36,340	)
Analog Devices, Inc.	Exchange Traded		87	USD	(1,673,532	)	USD	240.00	6/21/2024		(9,135	)
Bank of New York Mellon Corp. (The)	Exchange Traded		382	USD	(2,118,572	)	USD	52.50	3/15/2024		(168,080	)
Bank of New York Mellon Corp. (The)	Exchange Traded		329	USD	(1,824,634	)	USD	55.00	2/16/2024		(42,770	)
Bank of New York Mellon Corp. (The)	Exchange Traded		702	USD	(3,893,292	)	USD	55.00	6/21/2024		(247,806	)
Bank of New York Mellon Corp. (The)	Exchange Traded		330	USD	(1,830,180	)	USD	60.00	6/21/2024		(42,900	)
Bank of New York Mellon Corp. (The)	Exchange Traded		314	USD	(1,741,444	)	USD	65.00	6/21/2024		(10,990	)
Bank of New York Mellon Corp. (The)	Exchange Traded		311	USD	(1,724,806	)	USD	75.00	1/17/2025		(14,773	)
Becton Dickinson & Co.	Exchange Traded		68	USD	(1,623,908	)	USD	275.00	3/15/2024		(13,940	)
Becton Dickinson & Co.	Exchange Traded		138	USD	(3,295,578	)	USD	290.00	6/21/2024		(15,180	)
Boston Properties, Inc., REIT	Exchange Traded		237	USD	(1,576,050	)	USD	90.00	7/19/2024		(16,590	)
Boston Properties, Inc., REIT	Exchange Traded		242	USD	(1,609,300	)	USD	95.00	4/19/2024		(44,770	)
Boston Properties, Inc., REIT	Exchange Traded		250	USD	(1,662,500	)	USD	95.00	1/17/2025		(38,125	)
Boston Properties, Inc., REIT	Exchange Traded		242	USD	(1,609,300	)	USD	100.00	6/21/2024		(4,840	)
CH Robinson Worldwide, Inc.	Exchange Traded		402	USD	(3,380,418	)	USD	105.00	5/17/2024		(50,250	)
Coca-Cola Femsa SAB de CV, ADR	Exchange Traded		200	USD	(1,898,800	)	USD	90.00	5/17/2024		(180,000	)
Coca-Cola Femsa SAB de CV, ADR	Exchange Traded		187	USD	(1,775,378	)	USD	100.00	2/16/2024		(9,350	)
Colgate-Palmolive Co.	Exchange Traded		433	USD	(3,645,860	)	USD	85.00	5/17/2024		(121,240	)
Colgate-Palmolive Co.	Exchange Traded		214	USD	(1,801,880	)	USD	85.00	8/16/2024		(89,880	)
Colgate-Palmolive Co.	Exchange Traded		215	USD	(1,810,300	)	USD	90.00	6/21/2024		(29,025	)
Colgate-Palmolive Co.	Exchange Traded		218	USD	(1,835,560	)	USD	95.00	6/21/2024		(9,265	)
Colgate-Palmolive Co.	Exchange Traded		205	USD	(1,726,100	)	USD	95.00	8/16/2024		(15,888	)
Comcast Corp., Class A	Exchange Traded		400	USD	(1,861,600	)	USD	55.00	6/21/2024		(12,800	)
Comcast Corp., Class A	Exchange Traded		400	USD	(1,861,600	)	USD	65.00	1/17/2025		(13,600	)
Elevance Health, Inc.	Exchange Traded		39	USD	(1,924,416	)	USD	520.00	3/15/2024		(16,224	)
Elevance Health, Inc.	Exchange Traded		35	USD	(1,727,040	)	USD	530.00	2/16/2024		(3,588	)
Elevance Health, Inc.	Exchange Traded		35	USD	(1,727,040	)	USD	550.00	3/15/2024		(2,380	)
Exxon Mobil Corp.	Exchange Traded		169	USD	(1,737,489	)	USD	115.00	5/17/2024		(24,674	)
Exxon Mobil Corp.	Exchange Traded		169	USD	(1,737,489	)	USD	125.00	12/20/2024		(43,433	)
Fidelity National Information Services, Inc.	Exchange Traded		516	USD	(3,212,616	)	USD	72.50	6/21/2024		(77,400	)
Fomento Economico Mexicano SAB de CV, ADR	Exchange Traded		140	USD	(1,897,560	)	USD	125.00	4/19/2024		(197,400	)
Fomento Economico Mexicano SAB de CV, ADR	Exchange Traded		133	USD	(1,802,682	)	USD	130.00	4/19/2024		(137,655	)
Fomento Economico Mexicano SAB de CV, ADR	Exchange Traded		254	USD	(3,442,716	)	USD	150.00	4/19/2024		(45,720	)
Fomento Economico Mexicano SAB de CV, ADR	Exchange Traded		133	USD	(1,802,682	)	USD	155.00	4/19/2024		(27,596	)
Fomento Economico Mexicano SAB de CV, ADR	Exchange Traded		128	USD	(1,734,912	)	USD	180.00	7/19/2024		(35,200	)
General Dynamics Corp.	Exchange Traded		72	USD	(1,907,928	)	USD	280.00	1/17/2025		(114,480	)
HCA Healthcare, Inc.	Exchange Traded		66	USD	(2,012,340	)	USD	320.00	6/21/2024		(93,060	)
HCA Healthcare, Inc.	Exchange Traded		121	USD	(3,689,290	)	USD	325.00	3/15/2024		(38,720	)
HCA Healthcare, Inc.	Exchange Traded		59	USD	(1,798,910	)	USD	330.00	3/15/2024		(13,511	)
HCA Healthcare, Inc.	Exchange Traded		118	USD	(3,597,820	)	USD	330.00	9/20/2024		(201,190	)
HCA Healthcare, Inc.	Exchange Traded		66	USD	(2,012,340	)	USD	350.00	6/21/2024		(34,650	)
HCA Healthcare, Inc.	Exchange Traded		64	USD	(1,951,360	)	USD	370.00	6/21/2024		(17,760	)
IDACORP, Inc.	Exchange Traded		175	USD	(1,620,150	)	USD	110.00	2/16/2024		(84,000	)

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Description	Counterparty	Number of Contracts		Notional Amount			Exercise Price		Expiration Date	Value ($)
Linde plc	Exchange Traded		68	USD	(2,752,844	)	USD	370.00	6/21/2024		(317,220	)
ONEOK, Inc.	Exchange Traded		487	USD	(3,323,775	)	USD	80.00	4/19/2024		(9,740	)
Oracle Corp.	Exchange Traded		155	USD	(1,731,350	)	USD	150.00	6/21/2024		(7,595	)
Philip Morris International, Inc.	Exchange Traded		182	USD	(1,653,470	)	USD	110.00	6/21/2024		(2,275	)
Philip Morris International, Inc.	Exchange Traded		187	USD	(1,698,895	)	USD	120.00	1/17/2025		(4,862	)
Royal Gold, Inc.	Exchange Traded		137	USD	(1,567,143	)	USD	155.00	4/19/2024		(10,617	)
Royal Gold, Inc.	Exchange Traded		145	USD	(1,658,655	)	USD	160.00	4/19/2024		(33,350	)
Royal Gold, Inc.	Exchange Traded		141	USD	(1,612,899	)	USD	170.00	6/21/2024		(18,330	)
Royal Gold, Inc.	Exchange Traded		145	USD	(1,658,655	)	USD	175.00	7/19/2024		(17,038	)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR	Exchange Traded		170	USD	(1,920,320	)	USD	110.00	2/16/2024		(75,990	)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR	Exchange Traded		150	USD	(1,694,400	)	USD	125.00	3/15/2024		(13,500	)
Texas Instruments, Inc.	Exchange Traded		96	USD	(1,537,152	)	USD	220.00	6/21/2024		(1,632	)
Texas Instruments, Inc.	Exchange Traded		98	USD	(1,569,176	)	USD	230.00	6/21/2024		(1,029	)
US Bancorp	Exchange Traded		378	USD	(1,570,212	)	USD	60.00	6/21/2024		(4,158	)
Walmart, Inc.	Exchange Traded		111	USD	(1,834,275	)	USD	170.00	2/16/2024		(6,660	)
Walmart, Inc.	Exchange Traded		107	USD	(1,768,175	)	USD	190.00	4/19/2024		(3,638	)
Walmart, Inc.	Exchange Traded		111	USD	(1,834,275	)	USD	190.00	6/21/2024		(11,877	)
Wheaton Precious Metals Corp.	Exchange Traded		360	USD	(1,687,320	)	USD	70.00	6/21/2024		(7,560	)
											(2,993,249	)
Total Written Options Contracts (Premiums Received ($1,880,590))											(2,993,249	)

See Notes to Schedule of Investments. (Continued)

First Eagle Global Income Builder Fund
Schedule of Investments
January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.8	%
Air Freight & Logistics		0.6
Automobile Components		0.3
Banks		6.7
Beverages		5.4
Capital Markets		2.2
Chemicals		1.5
Commercial Services & Supplies		1.2
Commodities		6.4
Consumer Finance		0.1
Consumer Staples Distribution & Retail		0.9
Containers & Packaging		0.2
Diversified Consumer Services		0.1
Diversified REITs		0.1
Electric Utilities		0.3
Electronic Equipment, Instruments & Components		0.1
Energy Equipment & Services		0.4
Financial Services		1.2
Food & Staples Retailing		0.1
Food Products		4.8
Foreign Government Securities		2.0
Gas Utilities		0.1
Ground Transportation		0.1
Health Care Equipment & Supplies		2.8
Health Care Providers & Services		3.1
Hotels, Restaurants & Leisure		0.6
Household Durables		0.9
Household Products		3.1
Industrial Conglomerates		2.1
Insurance		2.7
Leisure Products		0.7
Life Sciences Tools & Services		0.2
Machinery		1.7
Media		1.5
Metals & Mining		2.6
Office REITs		1.0
Oil, Gas & Consumable Fuels		6.9
Passenger Airlines		0.9
Personal Care Products		3.6
Pharmaceuticals		0.9
Professional Services		0.2
Real Estate Management & Development		1.6
Residential REITs		1.2
Semiconductors & Semiconductor Equipment		2.5
Software		0.3
Specialized REITs		0.7
Specialty Retail		0.2
Technology Hardware, Storage & Peripherals		0.6
Textiles, Apparel & Luxury Goods		1.5
Tobacco		5.6
Trading Companies & Distributors		0.3
U.S. Treasury Obligations		12.1
Short-Term Investments		2.1
Total Investments		99.8	%

See Notes to Schedule of Investments. (Continued)

First Eagle Rising Dividend Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 94.7%
Air Freight & Logistics - 4.9%
CH Robinson Worldwide, Inc.		94,920		7,981,823
Expeditors International of Washington, Inc.		91,798		11,596,841
				19,578,664
Beverages - 2.7%
PepsiCo, Inc.		63,814		10,754,573
Capital Markets - 2.6%
Bank of New York Mellon Corp. (The)		188,837		10,472,900
Electronic Equipment, Instruments & Components - 4.6%
TE Connectivity Ltd.		130,363		18,536,315
Food Products - 0.5%
Nestle SA (Registered)		16,950		1,931,463
Health Care Equipment & Supplies - 10.1%
Becton Dickinson & Co.		65,370		15,611,010
Medtronic plc		282,270		24,709,916
				40,320,926
Health Care Providers & Services - 8.6%
HCA Healthcare, Inc.		48,630		14,827,287
UnitedHealth Group, Inc.		38,665		19,786,427
				34,613,714
Hotels, Restaurants & Leisure - 1.2%
Starbucks Corp.		50,703		4,716,900
Household Products - 3.5%
Colgate-Palmolive Co.		168,171		14,159,998
Insurance - 1.2%
Fidelity National Financial, Inc.		99,336		4,969,780
Interactive Media & Services - 9.0%
Alphabet, Inc., Class A*		155,202		21,743,800
Meta Platforms, Inc., Class A*		36,476		14,230,747
				35,974,547
IT Services - 0.2%
Accenture plc, Class A		2,702		983,204
Machinery - 4.2%
Schindler Holding AG (Switzerland)		67,944		16,924,092
Media - 6.6%
Comcast Corp., Class A		570,094		26,532,175
Oil, Gas & Consumable Fuels - 4.6%
Exxon Mobil Corp.		117,006		12,029,387
ONEOK, Inc.		94,208		6,429,696
				18,459,083
Pharmaceuticals - 0.2%
Merck KGaA (Germany)		4,233		694,532
Semiconductors & Semiconductor Equipment - 7.2%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan)		44,146		4,986,732
Texas Instruments, Inc.		148,848		23,833,542
				28,820,274
Software - 7.6%
Microsoft Corp.		15,292		6,079,794
Oracle Corp.		218,229		24,376,179
				30,455,973
Specialized REITs - 2.9%
Extra Space Storage, Inc., REIT		79,126		11,428,959
Specialty Retail - 7.9%
Home Depot, Inc. (The)		55,910		19,733,993
Ross Stores, Inc.		85,056		11,931,656
				31,665,649
Tobacco - 4.4%
British American Tobacco plc (United Kingdom)		130,640		3,851,739
Philip Morris International, Inc.		152,190		13,826,461
				17,678,200
TOTAL COMMON STOCKS (Cost $300,094,620)				379,671,921
MASTER LIMITED PARTNERSHIPS - 2.3%
Oil, Gas & Consumable Fuels - 2.3%
Enterprise Products Partners LP (Cost $8,814,357)		352,542		9,434,024

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 1.5%
COMMERCIAL PAPER - 1.5%
CVS Caremark Corp.
5.42%, 2/1/2024 (a)		1,730,000		1,729,741
Entergy Corp.
5.40%, 2/1/2024 (a)(b)		608,000		607,909
General Motors Financial Co., Inc.
5.43%, 2/1/2024 (a)(b)		2,476,000		2,475,626
Global Payments, Inc.
5.96%, 2/1/2024 (a)		1,105,000		1,104,817
TOTAL COMMERCIAL PAPER (Cost $5,919,000)				5,918,093

See Notes to Schedule of Investments. (Continued)

First Eagle Rising Dividend Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (c)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (d)
(Cost $2,726)		2,726		2,726
TOTAL SHORT-TERM INVESTMENTS (Cost $5,921,726)				5,920,819
Total Investments - 98.5%  (Cost $314,830,703)				395,026,764
Other assets less liabilities - 1.5%				5,910,265
Net Assets - 100.0%				400,937,029

*	Non-income producing security.
(a)	The rate shown was the current yield as of January 31, 2024.
(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, 2024 amounted to $3,083,535, which represents approximately 0.77% 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, 2024.

Abbreviations
ADR	American Depositary Receipt
REIT	Real Estate Investment Trust

See Notes to Schedule of Investments. (Continued)

First Eagle Rising Dividend Fund
Schedule of Investments
January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Air Freight & Logistics		4.9	%
Beverages		2.7
Capital Markets		2.6
Electronic Equipment, Instruments & Components		4.6
Food Products		0.5
Health Care Equipment & Supplies		10.1
Health Care Providers & Services		8.6
Hotels, Restaurants & Leisure		1.2
Household Products		3.5
Insurance		1.2
Interactive Media & Services		9.0
IT Services		0.2
Machinery		4.2
Media		6.6
Oil, Gas & Consumable Fuels		6.9
Pharmaceuticals		0.2
Semiconductors & Semiconductor Equipment		7.2
Software		7.6
Specialized REITs		2.9
Specialty Retail		7.9
Tobacco		4.4
Short-Term Investments		1.5
Total Investments		98.5	%

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 94.2%
Aerospace & Defense - 4.0%
AAR Corp.*		164,638		10,013,283
Astronics Corp.*		318,211		5,380,948
Curtiss-Wright Corp.		37,943		8,444,974
Ducommun, Inc.*		190,541		9,403,198
Hexcel Corp.		107,169		7,114,950
Kratos Defense & Security Solutions, Inc.*		221,155		3,744,154
Leonardo DRS, Inc.*		320,320		6,217,411
Triumph Group, Inc.*		568,329		9,206,930
V2X, Inc.*		191,336		7,441,057
				66,966,905
Air Freight & Logistics - 1.0%
Air Transport Services Group, Inc.*		365,318		5,658,776
GXO Logistics, Inc.*		165,817		9,017,129
Radiant Logistics, Inc.*		480,038		2,947,433
				17,623,338
Automobile Components - 1.0%
Goodyear Tire & Rubber Co. (The)*		878,399		12,244,882
Modine Manufacturing Co.*		66,815		4,616,248
				16,861,130
Banks - 2.7%
Ameris Bancorp		204,861		10,169,300
Axos Financial, Inc.*		162,050		8,982,432
Dime Community Bancshares, Inc.		302,104		6,890,992
Old National Bancorp		336,218		5,537,511
Seacoast Banking Corp. of Florida		424,199		10,418,327
Valley National Bancorp		417,908		4,020,275
				46,018,837
Beverages - 0.1%
Duckhorn Portfolio, Inc. (The)*		272,721		2,353,582
Biotechnology - 1.2%
CareDx, Inc.*		960,714		8,223,712
Ironwood Pharmaceuticals, Inc.*		812,072		11,523,302
				19,747,014
Building Products - 3.0%
AZEK Co., Inc. (The)*		126,572		4,880,616
Gibraltar Industries, Inc.*		86,413		6,992,540
Insteel Industries, Inc.		239,667		8,299,668
Janus International Group, Inc.*		619,960		8,772,434
JELD-WEN Holding, Inc.*		300,150		5,582,790
Masonite International Corp.*		50,930		4,688,106
PGT Innovations, Inc.*		97,526		4,020,022
Quanex Building Products Corp.		230,949		7,210,228
				50,446,404
Capital Markets - 1.2%
B Riley Financial, Inc.		131,360		3,076,451
Evercore, Inc., Class A		55,535		9,537,026
Moelis & Co., Class A		91,967		5,055,426
Perella Weinberg Partners		244,862		2,877,128
				20,546,031
Chemicals - 4.1%
AdvanSix, Inc.		412,109		10,459,326
American Vanguard Corp.		239,832		2,618,965
Ashland, Inc.		66,706		6,245,016
Huntsman Corp.		478,591		11,744,623
Intrepid Potash, Inc.*		413,925		7,616,220
LSB Industries, Inc.*		981,424		7,301,795
Mativ Holdings, Inc.		338,992		4,078,074
Minerals Technologies, Inc.		59,913		3,915,315
Stepan Co.		58,668		5,237,292
Tronox Holdings plc, Class A		652,437		8,997,106
				68,213,732
Commercial Services & Supplies - 2.2%
ARC Document Solutions, Inc.		98,655		291,032
CECO Environmental Corp.*		498,202		9,630,245
Driven Brands Holdings, Inc.*		122,843		1,610,472
Interface, Inc.		22,998		285,405
Performant Financial Corp.*		2,008,617		5,664,300
Quest Resource Holding Corp.*		323,742		2,233,820
Stericycle, Inc.*		219,911		10,555,728
VSE Corp.		117,385		7,290,782
				37,561,784
Communications Equipment - 2.4%
ADTRAN Holdings, Inc.		1,189,796		7,454,072
Aviat Networks, Inc.*		181,294		5,408,000
Ceragon Networks Ltd. (Israel)*		511,584		1,258,497
Comtech Telecommunications Corp.*		484,659		3,067,892
Digi International, Inc.*		277,123		6,736,860
Lantronix, Inc.*		493,224		2,998,802
NETGEAR, Inc.*		147,232		2,090,694
NetScout Systems, Inc.*		191,893		4,127,618
Viavi Solutions, Inc.*		664,620		6,533,215
				39,675,650
Construction & Engineering - 0.7%
Ameresco, Inc., Class A*		93,155		1,903,156
Arcosa, Inc.		99,281		7,771,717
Orion Group Holdings, Inc.*		343,989		1,946,978
				11,621,851
Consumer Staples Distribution & Retail - 0.9%
Chefs' Warehouse, Inc. (The)*		453,242		14,422,160
Natural Grocers by Vitamin Cottage, Inc.		77,019		1,151,434
				15,573,594
Containers & Packaging - 0.9%
Sealed Air Corp.		312,333		10,791,105
TriMas Corp.		146,942		3,626,529
				14,417,634
Diversified Consumer Services - 0.7%
Chegg, Inc.*		267,113		2,631,063
Lincoln Educational Services Corp.*		522,615		4,682,631

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Universal Technical Institute, Inc. *		368,084		5,197,346
				12,511,040
Diversified REITs - 0.8%
Alexander & Baldwin, Inc., REIT		185,043		3,204,945
Armada Hoffler Properties, Inc., REIT		841,804		10,067,976
				13,272,921
Electrical Equipment - 1.1%
Encore Wire Corp.		8,355		1,884,052
EnerSys		47,003		4,492,077
Generac Holdings, Inc.*		58,565		6,657,084
GrafTech International Ltd.		500,637		665,847
LSI Industries, Inc.		325,733		4,449,513
				18,148,573
Electronic Equipment, Instruments & Components - 4.6%
Advanced Energy Industries, Inc.		100,851		10,506,657
Airgain, Inc.*		370,600		1,537,990
Avnet, Inc.		186,693		8,457,193
Belden, Inc.		84,995		6,304,929
Benchmark Electronics, Inc.		267,149		7,245,081
Coherent Corp.*		188,664		8,969,087
Fabrinet (Thailand)*		8,359		1,784,730
Iteris, Inc.*		458,059		2,207,844
Kimball Electronics, Inc.*		209,150		4,973,587
Plexus Corp.*		54,111		5,125,394
Sanmina Corp.*		170,048		10,172,271
SmartRent, Inc.*		1,117,592		3,296,897
TTM Technologies, Inc.*		548,802		7,633,836
				78,215,496
Energy Equipment & Services - 2.0%
Bristow Group, Inc.*		69,264		1,827,184
DMC Global, Inc.*		169,972		2,892,923
Helix Energy Solutions Group, Inc.*		267,887		2,518,138
Helmerich & Payne, Inc.		93,631		3,769,584
KLX Energy Services Holdings, Inc.*		122,648		1,192,139
Liberty Energy, Inc., Class A		88,762		1,845,362
NOV, Inc.		182,764		3,565,726
Oil States International, Inc.*		873,239		5,387,885
ProPetro Holding Corp.*		445,668		3,770,351
RPC, Inc.		270,656		1,978,495
US Silica Holdings, Inc.*		411,359		4,409,769
				33,157,556
Financial Services - 2.2%
International Money Express, Inc.*		244,956		5,046,094
MGIC Investment Corp.		574,817		11,404,369
NMI Holdings, Inc., Class A*		339,493		10,836,617
Radian Group, Inc.		353,335		10,239,648
				37,526,728
Food Products - 1.4%
Hain Celestial Group, Inc. (The)*		662,130		7,091,413
Ingredion, Inc.		84,765		9,118,171
Real Good Food Co., Inc. (The), Class A*		349,620		405,559
Utz Brands, Inc.		404,136		7,153,207
				23,768,350
Ground Transportation - 1.5%
Daseke, Inc.*		865,492		7,045,105
Heartland Express, Inc.		601,998		7,795,874
Werner Enterprises, Inc.		254,666		10,072,040
				24,913,019
Health Care Equipment & Supplies - 3.5%
Accuray, Inc.*		892,460		2,311,471
Artivion, Inc.*		490,474		8,200,725
Embecta Corp.		551,121		9,446,214
Enovis Corp.*		227,659		13,363,583
Neuronetics, Inc.*		719,563		2,446,514
QuidelOrtho Corp.*		186,813		12,798,559
Varex Imaging Corp.*		317,102		6,110,556
Zimvie, Inc.*		236,689		4,137,324
				58,814,946
Health Care Providers & Services - 5.0%
Acadia Healthcare Co., Inc.*		114,867		9,435,175
AdaptHealth Corp.*		467,778		3,377,357
Addus HomeCare Corp.*		46,546		4,030,884
Brookdale Senior Living, Inc.*		952,401		5,209,634
Community Health Systems, Inc.*		1,483,184		5,443,285
InfuSystem Holdings, Inc.*		517,331		4,774,965
Option Care Health, Inc.*		139,104		4,345,609
Owens & Minor, Inc.*		267,927		5,280,841
Patterson Cos., Inc.		199,545		5,958,414
Pennant Group, Inc. (The)*		359,008		5,388,710
Quipt Home Medical Corp.*		655,996		3,083,181
RadNet, Inc.*		70,454		2,604,684
Select Medical Holdings Corp.		219,993		5,717,618
Surgery Partners, Inc.*		285,148		8,751,192
Tenet Healthcare Corp.*		131,393		10,871,457
				84,273,006
Health Care REITs - 0.5%
Physicians Realty Trust, REIT		705,232		8,632,040
Health Care Technology - 0.7%
HealthStream, Inc.		409,848		10,910,154
iCAD, Inc.*		627,366		846,944
				11,757,098
Hotels, Restaurants & Leisure - 5.0%
BJ's Restaurants, Inc.*		184,983		6,402,262
Bloomin' Brands, Inc.		150,796		4,014,190
Cheesecake Factory, Inc. (The)		353,854		12,161,962
Chuy's Holdings, Inc.*		262,298		8,868,295
Cracker Barrel Old Country Store, Inc.		120,730		9,338,465
Denny's Corp.*		862,377		9,167,068
Dine Brands Global, Inc.		232,028		10,824,106
El Pollo Loco Holdings, Inc.*		133,843		1,239,386
ONE Group Hospitality, Inc. (The)*		933,274		4,106,406
Potbelly Corp.*		737,222		9,274,253

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Red Robin Gourmet Burgers, Inc.*  (a)		848,602		8,638,768
				84,035,161
Household Durables - 4.4%
Beazer Homes USA, Inc.*		238,487		7,571,962
Cavco Industries, Inc.*		11,266		3,739,411
Century Communities, Inc.		77,350		6,706,245
Dixie Group, Inc. (The)*		95,925		57,555
Ethan Allen Interiors, Inc.		47,124		1,372,722
Helen of Troy Ltd.*		74,628		8,544,906
Installed Building Products, Inc.		41,969		8,177,660
LGI Homes, Inc.*		70,600		8,331,506
MDC Holdings, Inc.		85,891		5,375,059
Skyline Champion Corp.*		76,918		5,267,345
Snap One Holdings Corp.*		169,478		1,338,876
Sonos, Inc.*		325,052		5,064,310
Taylor Morrison Home Corp.*		67,811		3,535,665
Toll Brothers, Inc.		34,508		3,428,370
Universal Electronics, Inc.*		194,902		1,728,781
Vizio Holding Corp., Class A*		581,036		4,067,252
				74,307,625
Household Products - 0.3%
Spectrum Brands Holdings, Inc.		69,912		5,496,481
Insurance - 3.3%
Citizens, Inc.*		231,695		648,746
First American Financial Corp.		158,555		9,568,794
Kemper Corp.		232,975		13,978,500
Lincoln National Corp.		294,456		8,082,817
Old Republic International Corp.		358,119		10,041,657
Stewart Information Services Corp.		215,895		13,312,086
				55,632,600
Interactive Media & Services - 1.0%
Cars.com, Inc.*		238,244		4,152,593
DHI Group, Inc.*		157,560		360,813
EverQuote, Inc., Class A*		541,989		6,845,321
QuinStreet, Inc.*		473,345		5,997,281
				17,356,008
IT Services - 0.3%
Backblaze, Inc., Class A*		631,808		5,180,826
Leisure Products - 0.2%
AMMO, Inc.*		189,272		410,720
Clarus Corp.		412,784		2,443,681
				2,854,401
Life Sciences Tools & Services - 0.4%
Fortrea Holdings, Inc.*		210,501		6,517,111
Machinery - 4.1%
Astec Industries, Inc.		208,997		7,440,293
Barnes Group, Inc.		399,223		13,218,274
Columbus McKinnon Corp.		153,445		5,995,096
Enpro, Inc.		59,908		8,949,057
Gencor Industries, Inc.*		59,592		929,635
Graham Corp.*		256,160		4,984,874
John Bean Technologies Corp.		61,574		6,081,048
Luxfer Holdings plc (United Kingdom)		220,109		1,811,497
Manitex International, Inc.*		276,030		2,064,704
Park-Ohio Holdings Corp.		100,942		2,497,305
Shyft Group, Inc. (The)		428,777		4,643,655
Trinity Industries, Inc.		433,763		10,904,802
				69,520,240
Media - 0.0% (b)
Marchex, Inc., Class B*		313,459		426,304
Metals & Mining - 3.7%
Carpenter Technology Corp.		130,306		8,025,546
Century Aluminum Co.*		763,478		8,512,780
Coeur Mining, Inc.*		2,054,881		5,527,630
Commercial Metals Co.		163,626		8,544,550
Compass Minerals International, Inc.		54,107		1,216,866
Ferroglobe plc*		1,468,702		7,431,632
Haynes International, Inc.		175,325		9,760,343
Hecla Mining Co.		1,049,280		3,997,757
Kaiser Aluminum Corp.		152,485		9,896,276
				62,913,380
Multi-Utilities - 0.7%
Black Hills Corp.		211,891		10,967,478
Office REITs - 0.4%
Cousins Properties, Inc., REIT		116,367		2,665,968
Highwoods Properties, Inc., REIT		199,893		4,591,542
				7,257,510
Oil, Gas & Consumable Fuels - 3.3%
Dorian LPG Ltd.		222,728		8,338,936
Matador Resources Co.		204,618		11,231,482
Navigator Holdings Ltd.		470,309		7,571,975
PBF Energy, Inc., Class A		142,811		7,213,384
Permian Resources Corp.		563,112		7,590,750
Riley Exploration Permian, Inc.		116,602		2,590,896
SM Energy Co.		91,581		3,395,823
Vital Energy, Inc.*		163,378		7,160,858
				55,094,104
Paper & Forest Products - 0.7%
Louisiana-Pacific Corp.		173,500		11,546,425
Passenger Airlines - 0.4%
Alaska Air Group, Inc.*		66,033		2,365,962
Allegiant Travel Co.		63,197		4,954,645
				7,320,607
Pharmaceuticals - 0.2%
Pacira BioSciences, Inc.*		89,280		2,909,635
Societal CDMO, Inc.*		1,162,917		384,693
				3,294,328
Professional Services - 0.2%
Asure Software, Inc.*		257,316		2,274,673
GEE Group, Inc.*		872,750		408,447
				2,683,120

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Retail REITs - 1.0%
Macerich Co. (The), REIT		193,464		3,054,797
Tanger, Inc., REIT		70,060		1,884,614
Whitestone REIT, REIT		913,463		11,801,942
				16,741,353
Semiconductors & Semiconductor Equipment - 6.9%
Alpha & Omega Semiconductor Ltd.*		402,214		10,320,811
Amkor Technology, Inc.		390,613		12,366,808
Amtech Systems, Inc.*		542,830		2,214,746
Cohu, Inc.*		203,148		6,472,295
Diodes, Inc.*		68,682		4,623,672
FormFactor, Inc.*		130,518		5,060,183
Ichor Holdings Ltd.*		381,701		13,817,576
inTEST Corp.*		435,998		5,201,456
Kulicke & Soffa Industries, Inc. (Singapore)		177,900		8,951,928
MKS Instruments, Inc.		125,161		13,323,388
Onto Innovation, Inc.*		34,689		5,602,274
SMART Global Holdings, Inc.*		278,914		5,480,660
Ultra Clean Holdings, Inc.*		372,979		14,247,798
Veeco Instruments, Inc.*		250,204		7,976,504
				115,660,099
Software - 1.4%
Everbridge, Inc.*		179,047		4,003,491
SecureWorks Corp., Class A*		810,805		5,586,446
Upland Software, Inc *		828,750		3,439,312
Yext, Inc.*		571,676		3,390,039
Zeta Global Holdings Corp., Class A*		761,573		7,372,027
				23,791,315
Specialized REITs - 0.2%
Outfront Media, Inc., REIT		231,068		3,008,505
Specialty Retail - 2.5%
Aaron's Co., Inc. (The)		200,413		2,062,250
Academy Sports & Outdoors, Inc.		70,286		4,409,041
CarParts.com, Inc.*		748,626		2,013,804
Container Store Group, Inc. (The)*		826,363		1,346,971
Haverty Furniture Cos., Inc.		13,799		467,786
Lithia Motors, Inc., Class A		23,868		7,037,480
RH*		13,829		3,505,375
Shoe Carnival, Inc.		372,004		9,486,102
Tile Shop Holdings, Inc.*		335,176		2,175,292
Tilly's, Inc., Class A*		379,583		2,786,139
Zumiez, Inc.*		414,511		7,117,154
				42,407,394
Textiles, Apparel & Luxury Goods - 0.7%
Steven Madden Ltd.		180,669		7,566,418
Unifi, Inc.*		606,570		3,833,522
				11,399,940
Trading Companies & Distributors - 3.5%
Air Lease Corp.		319,781		13,370,044
DNOW, Inc.*		238,081		2,402,237
FTAI Aviation Ltd.		238,137		12,847,491
H&E Equipment Services, Inc.		194,974		10,487,651
Herc Holdings, Inc.		74,448		10,980,336
Titan Machinery, Inc.*		204,726		5,472,326
WESCO International, Inc.		24,196		4,198,490
				59,758,575
TOTAL COMMON STOCKS (Cost $1,459,444,242)				1,587,789,149

Investments	Number of Rights		Value ($)
RIGHTS - 0.0%
IT Services - 0.0%
Flexion, Inc., CVR*‡ (c)  (Cost $27,801)		44,841		—

Investments	Shares		Value ($)
SHORT-TERM INVESTMENTS - 5.1%
INVESTMENT COMPANIES - 5.1%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (d)
(Cost $85,294,106)		85,294,106		85,294,106
Total Investments - 99.3%  (Cost $1,544,766,149)				1,673,083,255
Other assets less liabilities - 0.7%				11,124,541
Net Assets - 100.0%				1,684,207,796

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Affiliated company as defined under the Investment Company Act of 1940.
(b)	Represents less than 0.05% of net assets.
(c)	Security fair valued as of January 31, 2024 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2024 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(d)	Represents 7-day effective yield as of January 31, 2024.

Abbreviations
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, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		4.0	%
Air Freight & Logistics		1.0
Automobile Components		1.0
Banks		2.7
Beverages		0.1
Biotechnology		1.2
Building Products		3.0
Capital Markets		1.2
Chemicals		4.1
Commercial Services & Supplies		2.2
Communications Equipment		2.4
Construction & Engineering		0.7
Consumer Staples Distribution & Retail		0.9
Containers & Packaging		0.9
Diversified Consumer Services		0.7
Diversified REITs		0.8
Electrical Equipment		1.1
Electronic Equipment, Instruments & Components		4.6
Energy Equipment & Services		2.0
Financial Services		2.2
Food Products		1.4
Ground Transportation		1.5
Health Care Equipment & Supplies		3.5
Health Care Providers & Services		5.0
Health Care REITs		0.5
Health Care Technology		0.7
Hotels, Restaurants & Leisure		5.0
Household Durables		4.4
Household Products		0.3
Insurance		3.3
Interactive Media & Services		1.0
IT Services		0.3
Leisure Products		0.2
Life Sciences Tools & Services		0.4
Machinery		4.1
Media		0.0	*
Metals & Mining		3.7
Multi-Utilities		0.7
Office REITs		0.4
Oil, Gas & Consumable Fuels		3.3
Paper & Forest Products		0.7
Passenger Airlines		0.4
Pharmaceuticals		0.2
Professional Services		0.2
Retail REITs		1.0
Semiconductors & Semiconductor Equipment		6.9
Software		1.4
Specialized REITs		0.2
Specialty Retail		2.5
Textiles, Apparel & Luxury Goods		0.7
Trading Companies & Distributors		3.5
Short-Term Investments		5.1
Total Investments		99.3	%

* Less than 0.05%

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

January 31, 2024 (unaudited)

Affiliated Securities
Security Description	Shares at January 31, 2024		Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales		Net Realized Gains (Loss)		Change in Unrealized Appreciation/ Depreciation		Market Value January 31, 2024		Dividend Income
Common Stocks 0.5%
United States 0.5%
Red Robin Gourmet Burgers, Inc.*		848,602	$	6,188,769	$	866,520	$	—	$	—	$	1,583,479	$	8,638,768	$	—
Total Common Stocks				6,188,769		866,520		—		—		1,583,479		8,638,768		—
Total			$	6,188,769	$	866,520	$	—	$	—	$	1,583,479	$	8,638,768	$	—

* Non-income producing security.

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 95.7%
Aerospace & Defense - 3.6%
AAR Corp.*		6,268		381,220
Curtiss-Wright Corp.		3,596		800,362
				1,181,582
Air Freight & Logistics - 1.1%
GXO Logistics, Inc.*		6,548		356,080
Automobile Components - 1.5%
Goodyear Tire & Rubber Co. (The)*		33,899		472,552
Biotechnology - 1.4%
CareDx, Inc.*		17,115		146,504
Exelixis, Inc.*		13,771		299,657
				446,161
Building Products - 2.4%
AZEK Co., Inc. (The)*		6,250		241,000
Lennox International, Inc.		1,237		529,634
				770,634
Capital Markets - 3.1%
Evercore, Inc., Class A		3,790		650,857
Raymond James Financial, Inc.		3,155		347,618
				998,475
Chemicals - 4.5%
FMC Corp.		4,052		227,722
Huntsman Corp.		14,772		362,505
International Flavors & Fragrances, Inc.		3,027		244,218
Westlake Corp.		4,502		622,852
				1,457,297
Construction & Engineering - 0.8%
Quanta Services, Inc.		1,398		271,282
Consumer Staples Distribution & Retail - 4.9%
Casey's General Stores, Inc.		1,773		481,121
Chefs' Warehouse, Inc. (The)*		11,279		358,898
Performance Food Group Co.*		10,450		759,506
				1,599,525
Containers & Packaging - 1.0%
Sealed Air Corp.		9,062		313,092
Electrical Equipment - 2.9%
EnerSys		6,021		575,427
Generac Holdings, Inc.*		2,535		288,153
NEXTracker, Inc., Class A*		2,063		93,392
				956,972
Electronic Equipment, Instruments & Components - 4.1%
Avnet, Inc.		6,328		286,658
Belden, Inc.		4,325		320,828
Coherent Corp.*		6,081		289,091
Flex Ltd.*		11,848		281,272
Trimble, Inc.*		3,053		155,276
				1,333,125
Financial Services - 4.3%
MGIC Investment Corp.		15,325		304,048
Radian Group, Inc.		20,031		580,498
Rocket Cos., Inc., Class A*		41,500		510,865
				1,395,411
Food Products - 1.6%
Ingredion, Inc.		4,862		523,005
Ground Transportation - 2.9%
Knight-Swift Transportation Holdings, Inc.		4,595		263,661
XPO, Inc.*		8,046		687,450
				951,111
Health Care Equipment & Supplies - 3.1%
Enovis Corp.*		2,708		158,960
QuidelOrtho Corp.*		4,050		277,465
Zimmer Biomet Holdings, Inc.		4,627		581,151
				1,017,576
Health Care Providers & Services - 7.5%
Amedisys, Inc.*		3,430		323,346
Cardinal Health, Inc.		7,829		854,849
Quest Diagnostics, Inc.		3,735		479,686
Tenet Healthcare Corp.*		9,376		775,770
				2,433,651
Hotels, Restaurants & Leisure - 6.5%
Aramark		11,485		333,984
Cheesecake Factory, Inc. (The)		14,115		485,132
Chuy's Holdings, Inc.*		10,133		342,597
Cracker Barrel Old Country Store, Inc.		5,548		429,138
Denny's Corp.*		30,848		327,914
Vail Resorts, Inc.		811		180,042
				2,098,807
Household Durables - 3.4%
Beazer Homes USA, Inc.*		9,812		311,531
LGI Homes, Inc.*		2,489		293,727
Skyline Champion Corp.*		1,395		95,529
Toll Brothers, Inc.		3,891		386,571
				1,087,358
Insurance - 2.6%
First American Financial Corp.		5,447		328,727
Old Republic International Corp.		18,360		514,814
				843,541
IT Services - 0.7%
Amdocs Ltd.		2,376		217,832
Life Sciences Tools & Services - 2.9%
Avantor, Inc.*		15,414		354,368
Bio-Rad Laboratories, Inc., Class A*		1,037		332,763
Revvity, Inc.		2,294		245,871
				933,002

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
Machinery - 5.3%
Donaldson Co., Inc.		8,121		524,536
Dover Corp.		3,726		558,080
Ingersoll Rand, Inc.		8,179		653,175
				1,735,791
Metals & Mining - 1.6%
Cleveland-Cliffs, Inc.*		26,653		534,393
Oil, Gas & Consumable Fuels - 6.5%
Chesapeake Energy Corp.		7,124		549,332
HF Sinclair Corp.		8,903		502,930
Matador Resources Co.		10,737		589,354
Permian Resources Corp.		33,671		453,885
				2,095,501
Passenger Airlines - 0.8%
Delta Air Lines, Inc.		6,278		245,721
Pharmaceuticals - 0.4%
Pacira BioSciences, Inc.*		4,285		139,648
Semiconductors & Semiconductor Equipment - 9.3%
Amkor Technology, Inc.		19,176		607,112
Entegris, Inc.		3,966		466,798
MKS Instruments, Inc.		7,147		760,798
ON Semiconductor Corp.*		7,207		512,634
Onto Innovation, Inc.*		4,093		661,020
				3,008,362
Specialty Retail - 1.9%
Lithia Motors, Inc., Class A		1,749		515,693
RH*		409		103,673
				619,366
Textiles, Apparel & Luxury Goods - 1.1%
Steven Madden Ltd.		8,378		350,871
Trading Companies & Distributors - 2.0%
Air Lease Corp.		15,592		651,902
TOTAL COMMON STOCKS (Cost $26,780,239)				31,039,626
SHORT-TERM INVESTMENTS - 4.4%
INVESTMENT COMPANIES - 4.4%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (a) (Cost $1,426,482)		1,426,482		1,426,482
Total Investments - 100.1% (Cost $28,206,721)				32,466,108
Liabilities in excess of other assets - (0.1%)				(44,064	)
Net Assets - 100.0%				32,422,044

*	Non-income producing security.
(a)	Represents 7-day effective yield as of January 31, 2024.

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund
Schedule of Investments
January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		3.6	%
Air Freight & Logistics		1.1
Automobile Components		1.5
Biotechnology		1.4
Building Products		2.4
Capital Markets		3.1
Chemicals		4.5
Construction & Engineering		0.8
Consumer Staples Distribution & Retail		4.9
Containers & Packaging		1.0
Electrical Equipment		2.9
Electronic Equipment, Instruments & Components		4.1
Financial Services		4.3
Food Products		1.6
Ground Transportation		2.9
Health Care Equipment & Supplies		3.1
Health Care Providers & Services		7.5
Hotels, Restaurants & Leisure		6.5
Household Durables		3.4
Insurance		2.6
IT Services		0.7
Life Sciences Tools & Services		2.9
Machinery		5.3
Metals & Mining		1.6
Oil, Gas & Consumable Fuels		6.5
Passenger Airlines		0.8
Pharmaceuticals		0.4
Semiconductors & Semiconductor Equipment		9.3
Specialty Retail		1.9
Textiles, Apparel & Luxury Goods		1.1
Trading Companies & Distributors		2.0
Short-Term Investments		4.4
Total Investments		100.1	%

See Notes to Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 87.9%
Australia - 2.3%
Glencore plc		51,904		274,622
Belgium - 1.4%
Shurgard Self Storage Ltd., REIT		3,775		175,092
Canada - 10.6%
Canadian National Railway Co.		1,630		202,203
Canadian Pacific Kansas City Ltd.		2,255		181,463
Franco-Nevada Corp.		898		97,157
Imperial Oil Ltd.		4,523		260,894
Nutrien Ltd.		4,191		208,981
StorageVault Canada, Inc.		28,567		114,102
Wheaton Precious Metals Corp.		4,945		231,756
				1,296,556
Faroe Islands - 1.0%
Bakkafrost P/F		2,268		126,664
France - 1.1%
Air Liquide SA		693		129,683
Germany - 2.3%
FUCHS SE (Preference)		6,498		284,830
Hong Kong - 3.9%
CK Asset Holdings Ltd.		33,500		151,164
Guoco Group Ltd.		15,000		137,184
Hongkong Land Holdings Ltd.		37,200		116,120
Hysan Development Co. Ltd.		43,000		74,218
				478,686
Israel - 0.5%
ICL Group Ltd.		12,182		55,428
Japan - 3.8%
Kansai Paint Co. Ltd.		10,800		180,574
Komatsu Ltd.		7,500		213,375
Shin-Etsu Chemical Co. Ltd.		1,900		74,788
				468,737
Mexico - 7.0%
GMexico Transportes SAB de CV  (a)		58,964		134,704
Grupo Mexico SAB de CV, Series B		43,495		224,431
Prologis Property Mexico SA de CV, REIT		40,502		166,911
TF Administradora Industrial S de RL de CV, REIT		150,904		323,262
				849,308
Netherlands - 2.4%
Shell plc		9,215		288,416
Russia - 0.0%
Alrosa PJSC‡ (b)		48,132		—
Singapore - 2.4%
Sheng Siong Group Ltd.		94,500		109,737
UOL Group Ltd.		40,200		186,672
				296,409
South Korea - 1.0%
Samsung Electronics Co. Ltd. (Preference)		2,736		119,716
Spain - 1.2%
Aena SME SA (a)		795		140,641
United Kingdom - 8.1%
Ashtead Group plc		2,888		188,852
Berkeley Group Holdings plc		2,030		122,926
Big Yellow Group plc, REIT		10,309		149,069
Cranswick plc		1,803		91,946
Great Portland Estates plc, REIT		11,770		61,930
United Utilities Group plc		24,150		325,271
Victrex plc		3,042		52,545
				992,539
United States - 38.9%
American Homes 4 Rent, Class A, REIT		7,618		267,011
American Water Works Co., Inc.		861		106,781
Ball Corp.		698		38,704
Boston Properties, Inc., REIT		3,294		219,051
Charter Communications, Inc., Class A*		529		196,106
CNX Resources Corp.*		2,737		55,287
Comcast Corp., Class A		3,015		140,318
CRH plc		2,066		146,565
Cummins, Inc.		467		111,753
Deere & Co.		251		98,789
Diamond Offshore Drilling, Inc.*		5,072		61,878
Douglas Emmett, Inc., REIT		11,179		151,475
EastGroup Properties, Inc., REIT		344		61,036
Equinix, Inc., REIT		80		66,382
Equity Residential, REIT		3,771		226,976
Extra Space Storage, Inc., REIT		2,177		314,446
Exxon Mobil Corp.		1,779		182,899
HCA Healthcare, Inc.		823		250,933
IDACORP, Inc.		1,495		138,407
Mid-America Apartment Communities, Inc., REIT		700		88,466
Noble Corp. plc		2,383		105,162
NOV, Inc.		11,145		217,439
ONEOK, Inc.		2,739		186,937
PPG Industries, Inc.		664		93,651
Reliance Steel & Aluminum Co.		425		121,303
Royal Gold, Inc.		1,526		174,559
RPM International, Inc.		1,683		179,509
SBA Communications Corp., REIT		846		189,386
Schlumberger NV		4,075		198,452
Terreno Realty Corp., REIT		1,390		83,025

See Notes to Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Shares		Value ($)
UGI Corp.		4,534		100,383
Walmart, Inc.		420		69,405
Williams Cos., Inc. (The)		2,939		101,866
				4,744,340
TOTAL COMMON STOCKS (Cost $10,607,683)				10,721,667

Investments	Ounces		Value ($)
COMMODITIES - 8.3%
Gold bullion*
(Cost $887,337)		501		1,018,656

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 3.1%
United States - 3.1%
Black Stone Minerals LP		5,311		87,100
Enterprise Products Partners LP		10,900		291,684
TOTAL MASTER LIMITED PARTNERSHIPS (Cost 338,981)				378,784
EXCHANGE TRADED FUNDS - 0.4%
United States
iShares Gold Trust
(Cost $49,652)		1,322		50,884
Short-Term Investment - 1.5%
INVESTMENT COMPANIES - 1.5%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (c) (Cost $179,840)		179,840		179,840
Total Investments - 101.2% (Cost $12,063,493)				12,349,831
Liabilities in excess of other assets - (1.2)%				(146,555	)
Net Assets - 100.0%				12,203,276

*	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, 2024 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at January 31, 2024 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(c)	Represents 7-day effective yield as of January 31, 2024.

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 Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund
Schedule of Investments
January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Chemicals		10.3	%
Commodities		8.3
Commodity Funds		0.4
Construction Materials		1.2
Consumer Staples Distribution & Retail		1.5
Containers & Packaging		0.3
Electric Utilities		1.1
Energy Equipment & Services		4.8
Food Products		1.8
Gas Utilities		0.8
Ground Transportation		4.2
Health Care Providers & Services		2.1
Household Durables		1.0
Industrial Conglomerates		1.1
Industrial REITs		5.2
Machinery		3.5
Media		2.8
Metals & Mining		9.2
Office REITs		3.5
Oil, Gas & Consumable Fuels		11.9
Real Estate Management & Development		5.3
Residential REITs		4.8
Specialized REITs		7.3
Technology Hardware, Storage & Peripherals		1.0
Trading Companies & Distributors		1.5
Transportation Infrastructure		1.2
Water Utilities		3.6
Short-Term Investments		1.5
Total Investments		101.2	%

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
MUNICIPAL BONDS - 95.5%
Alabama 4.1%
Hoover Industrial Development Board,
United States Steel Corp., Revenue, Series 2019, AMT, 5.75%, 10/01/2049		1,750,000		1,802,610
Tuscaloosa County Industrial Development Authority,
Hunt Refining Co., Revenue, Refunding, Series 2019 A, 5.25%, 05/01/2044		3,000,000		2,901,716
Walker County Economic & Industrial Development Authority,
Alabama Power Co., Revenue, First Series, Series 2023, AMT, 3.70%, 02/01/2024 (b)(c)(e)		5,000,000		5,000,000
				9,704,326
Arizona 1.8%
Maricopa County Industrial Development Authority,
Choice Academies, Inc., Revenue, Refunding, Series 2022, 5.75%, 09/01/2045 (b)		2,300,000		2,252,547
Morrison Education Group Obligated Group, Revenue, Refunding, Series 2024 A, 6.75%, 07/01/2063		2,000,000		2,034,769
				4,287,316
Arkansas 1.1%
Arkansas Development Finance Authority,
Hybar LLC, Revenue, Series 2023 B, AMT, 7.38%, 07/01/2048 (b)		2,500,000		2,690,365
California 12.7%
California Community Housing Agency,
Creekwood Apartments, Revenue, Series 2021 A, 4.00%, 02/01/2056		10,000,000		6,563,433
California Infrastructure & Economic Development Bank,
WFCS Holdings II LLC, Revenue, Series 2021 B, 0.00%, 01/01/2061 (b)(d)		10,200,000		514,059
California Municipal Finance Authority,
Catalyst Impact Fund 1 LLC, Revenue, Series 2024, Class I, 6.00%, 01/01/2039 (b)		2,000,000		2,055,451
California School Finance Authority,
Harbor Springs Obligated Group, Revenue, Series 2024 A, 5.63%, 07/01/2063 (b)		1,000,000		999,156
California Statewide Communities Development Authority,
Loma Linda University Medical Center Obligated Group, Revenue, Series 2014 A, 5.50%, 12/01/2054 (b)		1,000,000		997,500
California Statewide Financing Authority,
TSR Multi-County Special Purpose Trust, Revenue, Series 2002 A, 6.00%, 05/01/2043		800,000		818,538
CSCDA Community Improvement Authority,
CTR City Anaheim, Revenue, Series 2020 A, 5.00%, 01/01/2054 (b)		5,500,000		4,361,068
Monterey Station Apartments, Revenue, Senior Lien, Series 2021 A-2, 3.13%, 07/01/2056 (b)		3,500,000		2,318,374
Parrallel-Anaheim, Revenue, Series 2021 A, 4.00%, 08/01/2056 (b)		3,400,000		2,569,344
Oceanaire Apartments, Revenue, Series 2021 A-2, 4.00%, 09/01/2056 (b)		4,000,000		2,960,455
Escondido Portfolio, Revenue, Senior Lien, Series 2021 A-2, 4.00%, 06/01/2058		5,875,000		4,362,029
Wood Creek Apartments, Revenue, Senior Lien, Series 2021 A-2, 4.00%, 12/01/2058 (b)		2,000,000		1,499,708
				30,019,115
Connecticut 1.1%
Connecticut State Health & Educational Facilities Authority,
University of Hartford (The), Revenue, Refunding,  Series 2019 N, 4.00%, 07/01/2049 (b)		3,415,000		2,539,265
District of Columbia 1.0%
District of Columbia,
Tobacco Settlement Financing Corp., Revenue, Series 2006 A, 0.00%, 06/15/2046 (d)		10,000,000		2,438,100
Florida 16.9%
Bridgewater North Community Development District,
Special Assessment, Series 2022, 4.00%, 05/01/2052 (b)		2,000,000		1,543,819
Capital Trust Agency, Inc.,
Marie Selby Botanical Gardens, Inc. (The), Revenue, Series 2021, 4.00%, 06/15/2051		2,000,000		1,478,294

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Florida (continued)
Capital Trust Authority,
IDEA Florida, Inc., Revenue, Refunding, Series 2023 A, 6.38%, 06/15/2058 (b)		1,500,000		1,540,444
Coral Lakes Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.75%, 11/01/2053		1,000,000		1,007,868
Epperson North Community Development District,
Assessment Area 3, Special Assessment, Series 2021 A, 4.00%, 11/01/2051		2,195,000		1,682,857
Florida Development Finance Corp.,
Downtown Doral Charter Elementary School, Inc., Revenue, Series 2017 C, 5.75%, 07/01/2047		2,000,000		1,992,237
Brightline Trains Florida LLC, Revenue, Series 2019 B, AMT, 7.38%, 01/01/2049 (b)		6,750,000		6,857,489
Hillcrest Community Development District,
Special Assessment, Series 2018, 5.00%, 11/01/2048		300,000		292,084
Longleaf Community Development District,
Neighborhood 4 Assessment Area 1, Special Assessment, Series 2024, 5.75%, 05/01/2054		1,000,000		1,009,150
Miami Health Facilities Authority,
Miami Jewish Health Systems Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 07/01/2026		1,260,000		1,230,354
Miami Jewish Health Systems Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 07/01/2027		1,000,000		972,118
Palm Beach County Health Facilities Authority,
Federation CCRC Operations Corp. Obligated Group, Revenue, Refunding, Series 2022, 4.00%, 06/01/2041		1,500,000		1,257,992
Parker Road Community Development District,
Assessment Area, Special Assessment, Refunding, Series 2020, 4.10%, 05/01/2050 (b)		2,000,000		1,519,477
Pine Island Community Development District,
Special Assessment, Series 2004, 5.75%, 05/01/2035		2,500,000		2,500,092
Silver Oaks Community Development District,
Special Assessment, Series 2024, 5.85%, 05/01/2054		1,500,000		1,500,000
Six Mile Creek Community Development District,
Assessment Area 2, Special Assessment, Refunding, Series 2021, 4.00%, 05/01/2052 (b)		2,050,000		1,637,598
Tern Bay Community Development District,
Special Assessment, Series 2022, 4.00%, 06/15/2052		1,000,000		803,915
Triple Creek Community Development District,
Assessment Area, Special Assessment, Series 2019 A, 4.75%, 05/01/2050		325,000		293,828
Veranda Community Development District II,
Assessment Area 5 Phase 2, Special Assessment, Refunding, Series 2024, 5.63%, 05/01/2054		1,000,000		996,293
Village Community Development District No. 13,
Phase I, Special Assessment, Series 2019, 3.55%, 05/01/2039		1,500,000		1,298,469
Phase II, Special Assessment, Series 2020, 3.50%, 05/01/2051		1,500,000		1,183,149
Villages of Westport Community Development District,
Assessments, Special Assessment,  Series 2005 A, 5.70%, 05/01/2035 (b)		3,225,000		3,225,194
Villamar Community Development District,
Assessment Area 6, Special Assessment, Series 2024, 5.75%, 05/01/2054		1,000,000		1,005,269
West Villages Improvement District,
Unit of Development No. 7, Special Assessment, Series 2019, 5.00%, 05/01/2050		2,500,000		2,343,698
Wiregrass Community Development District,
Assessment Area 2, Special Assessment, Series 2016, 5.00%, 05/01/2047		1,020,000		968,841
				40,140,529

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Georgia 4.5%
Development Authority of Burke County (The),
Georgia Power Co., Revenue, Third Series, Series 2012, AMT, 3.70%, 02/01/2024 (b)(c)(e)		5,000,000		5,000,000
George L Smith II Congress Center Authority,
Signia Hotel Management LLC, Revenue, Second Tier, Series 2021 B, 5.00%, 01/01/2054 (b)		6,380,000		5,556,184
				10,556,184
Illinois 3.9%
Chicago Board of Education,
GO, Series 2017 H, 5.00%, 12/01/2046 (b)		2,525,000		2,527,745
GO, Series 2022 A, 5.00%, 12/01/2047		1,000,000		1,003,151
City of Galesburg,
Knox College, Revenue, Refunding, Series 2021 A, 4.00%, 10/01/2041		1,475,000		1,290,095
Illinois Finance Authority,
Washington and Jane Smith Community - Orland Park, Revenue, Refunding, Series 2022, 4.00%, 10/15/2037		1,000,000		810,003
Benedictine University, Revenue, Refunding, Series 2017, 5.00%, 10/01/2038		2,070,000		1,898,036
Southwestern Illinois Development Authority,
United States Steel Corp., Revenue, Series 2012, AMT, 5.75%, 08/01/2042		2,000,000		2,000,349
				9,529,379
Iowa 2.7%
Iowa Finance Authority,
Lifespace Communities, Inc. Obligated Group, Revenue, Refunding, Series 2021 A, 4.00%, 05/15/2029		1,000,000		914,287
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2018 A, 5.00%, 05/15/2048		7,105,000		5,510,701
				6,424,988
Kentucky 0.5%
City of Campbellsville,
Campbellsville University, Inc., Revenue, Refunding, Series 2017, 4.50%, 03/01/2047		840,000		685,715
Louisville/Jefferson County Metropolitan Government,
Bellarmine University, Inc., Revenue, Refunding,  Series 2015, 5.00%, 05/01/2027 (b)		500,000		492,615
				1,178,330
Louisiana 1.6%
Calcasieu Parish Memorial Hospital Service District,
Southwest Louisiana Healthcare System Obligated Group, Revenue, Refunding, Series 2019, 5.00%, 12/01/2039 (b)		2,750,000		2,500,368
Parish of St. James,
NuStar Logistics LP, Revenue, Series 2010, 6.35%, 07/01/2040		1,000,000		1,089,366
				3,589,734
Maryland 1.3%
County of Prince George's,
Tax Allocation, Series 2018, 5.25%, 07/01/2048		3,000,000		2,960,875
Massachusetts 0.8%
Massachusetts Development Finance Agency,
Children's Hospital Corp. Obligated Group (The), Revenue, Series 2024 T, 4.00%, 03/01/2054 (b)		2,000,000		1,970,220
Michigan 1.6%
Flint Hospital Building Authority,
Hurley Medical Center, Revenue, Series 2013 A, 5.25%, 07/01/2039		2,000,000		1,860,158
Michigan Finance Authority,
Aquinas College, Revenue, Refunding, Series 2021, 4.00%, 05/01/2031		1,080,000		944,613
Michigan Strategic Fund,
United Methodist Retirement Communities, Inc. Obligated Group, Revenue, Refunding, Series 2020, 5.00%, 05/15/2044		1,000,000		871,823
				3,676,594
Missouri 1.7%
Grindstone Plaza Transportation Development District,
Sales Tax, Series 2006 A, 5.40%, 10/01/2026		265,000		265,021
Sales Tax, Series 2006 A, 5.50%, 10/01/2031 (b)		1,925,000		1,925,004

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Missouri
Kansas City Industrial Development Authority,
Ward Parkway Center Community Improvement District, Sales Tax, Refunding, Series 2016 A, 5.00%, 04/01/2046		1,100,000		997,825
Rolla Industrial Development Authority,
Tax Allocation, Series 2017 A, 5.38%, 05/01/2044		860,000		853,387
				4,041,237
New Hampshire 0.5%
New Hampshire Business Finance Authority,
Covanta Holding Corp., Revenue, Refunding, Series 2018 B, 4.63%, 11/01/2042		1,250,000		1,079,507
New Jersey 0.7%
New Jersey Economic Development Authority,
United Airlines, Inc., Revenue, Refunding, Series 2012, AMT, 5.75%, 09/15/2027		500,000		500,261
Teaneck Community Charter School A New Jersey Nonprofit Corp., Revenue, Refunding, Series 2017 A, 5.00%, 09/01/2037		1,120,000		1,116,479
				1,616,740
New York 4.4%
Build NYC Resource Corp.,
Albert Einstein College of Medicine, Inc., Revenue, Series 2015, 5.50%, 09/01/2045		1,000,000		1,000,548
City of New York,
GO, Series 2021-3, 3.95%, 02/01/2024 (b)(c)(e)		5,000,000		5,000,000
New York Liberty Development Corp.,
3 World Trade Center LLC, Revenue, Refunding, Series 2014, Class 3, 7.25%, 11/15/2044 (b)		2,000,000		2,019,271
New York State Dormitory Authority,
Garnet Health Medical Center Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 12/01/2031 (b)		1,000,000		971,181
Garnet Health Medical Center Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 12/01/2032 (b)		1,100,000		1,064,883
Westchester County Local Development Corp.,
Westchester County Health Care Corp. Obligated Group, Revenue, Refunding, Series 2016, 3.75%, 11/01/2037		255,000		215,942
				10,271,825
North Dakota 1.2%
County of Ward,
Trinity Health Obligated Group, Revenue, Series 2017 C, 5.00%, 06/01/2048 (b)		3,500,000		2,943,931
Ohio 9.5%
Buckeye Tobacco Settlement Financing Authority,
Revenue, Senior Lien, Refunding, Series 2020 B-2, Class 2, 5.00%, 06/01/2055		2,500,000		2,360,305
Revenue, Senior Lien, Refunding, Series 2020 B-3, Class 2, 0.00%, 06/01/2057 (d)		29,200,000		2,985,353
County of Lucas,
Promedica Healthcare Obligated Group, Revenue, Refunding, Series 2018 A, 5.25%, 11/15/2048		5,750,000		5,443,073
County of Muskingum,
Genesis Healthcare System Obligated Group, Revenue, Series 2013, 5.00%, 02/15/2048		1,000,000		913,580
Ohio Air Quality Development Authority,
AMG Vanadium LLC, Revenue, Series 2019, AMT, 5.00%, 07/01/2049 (b)		2,500,000		2,266,452
Southeastern Ohio Port Authority,
Marietta Area Health Care, Inc. Obligated Group, Revenue, Refunding, Series 2015, 5.50%, 12/01/2043		2,500,000		2,341,221
State of Ohio,
University Hospitals Health System, Inc. Obligated Group, Revenue, Series 2015 C, 4.85%, 02/01/2024 (c)(e)		3,530,000		3,530,000
Summit County Development Finance Authority,
UAkronPark, Inc., Revenue, Series 2023, 5.63%, 12/01/2048		800,000		843,484
UAkronPark, Inc., Revenue, Series 2023, 5.75%, 12/01/2053		1,400,000		1,478,427
				22,161,895

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Oklahoma 1.8%
Oklahoma Development Finance Authority,
OU Medicine Obligated Group, Revenue, Series 2018 B, 5.00%, 08/15/2038 (b)		1,500,000		1,475,606
Tulsa Airports Improvement Trust,
American Airlines, Inc., Revenue, Refunding, Series 2001 B, AMT, 5.50%, 12/01/2035		2,800,000		2,800,301
				4,275,907
Oregon 0.8%
Yamhill County Hospital Authority,
Friendsview Manor Obligated Group, Revenue, Refunding, Series 2016 A, 5.00%, 11/15/2046		2,290,000		1,849,551
Pennsylvania 2.3%
Bucks County Industrial Development Authority,
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 4.00%, 07/01/2046		4,000,000		3,137,976
Pennsylvania Higher Educational Facilities Authority,
Foundation for Indiana University of Pennsylvania Phase II Student Housing, Revenue, AGMC Insured, Series 2007 A, (3-month SOFR + 0.91%), 4.40%, 07/01/2039 (a)		500,000		433,887
St. Mary Hospital Authority,
Trinity Health Corp. Obligated Group, Revenue, Series 2007 F, (3-month SOFR + 1.09%), 4.61%, 11/15/2034 (a)		2,035,000		1,900,530
				5,472,393
Rhode Island 0.4%
Tobacco Settlement Financing Corp.,
Revenue, Series 2007 A, 0.00%, 06/01/2052 (d)		5,500,000		982,774
Tennessee 3.0%
Chattanooga Health Educational & Housing Facility Board,
CommonSpirit Health Obligated Group, Revenue, Series 2004 C, 4.10%, 02/07/2024 (b)(c)(e)		7,150,000		7,150,000
Texas 5.4%
Arlington Higher Education Finance Corp.,
Cypress Christian School, Inc., Revenue, Series 2024, 5.75%, 06/01/2043 (b)		1,500,000		1,532,218
City of Lago Vista,
Tessera on Lake Travis Public Improvement District Improvement Area No. 3, Special Assessment, Series 2024, 6.00%, 09/01/2054		1,000,000		1,016,674
City of Princeton,
Eastridge Public Improvement District Improvement Area No. 2, Special Assessment, Series 2023, 5.25%, 09/01/2043		1,000,000		975,611
Hidalgo County Regional Mobility Authority,
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2048 (d)		7,130,000		1,940,921
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2054 (d)		5,000,000		930,390
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2055 (d)		6,100,000		1,074,823
Lubbock Educational Facilities Authority, Inc.,
Lubbock Christian University, Revenue, Refunding, Series 2016, 2.75%, 11/01/2031		2,585,000		2,058,537
New Hope Cultural Education Facilities Finance Corp.,
Sanctuary LTC LLC, Revenue, Series 2021 A-1, 5.50%, 01/01/2057 (b)		2,500,000		1,795,175
Reagan Hospital District of Reagan County,
GO, Series 2014 A, 5.00%, 02/01/2029 (b)		1,270,000		1,259,840
				12,584,189
Utah 1.3%
Chelsey Public Infrastructure District No. 1,
Assessment Area 1, Special Assessment, Series 2024, 7.00%, 12/01/2042		1,350,000		1,394,980
Utah Charter School Finance Authority,
Freedom Academy Foundation, Revenue, Series 2021 A, 5.00%, 06/15/2052 (b)		1,295,000		972,344

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Utah
Utah Infrastructure Agency,
Revenue, Series 2021, 3.00%, 10/15/2045 (b)		1,000,000		702,046
				3,069,370
Virgin Islands 0.6%
Virgin Islands Public Finance Authority,
United States Virgin Islands, Sales Tax, Refunding, Series 2014 C, 5.00%, 10/01/2030 (b)		1,500,000		1,423,281
Virginia 1.8%
Tobacco Settlement Financing Corp.,
Revenue, Senior Lien, Series 2007 B-1, 5.00%, 06/01/2047		2,500,000		2,361,719
Virginia College Building Authority,
Marymount University, Revenue, Refunding, Series 2015 A, 5.00%, 07/01/2045 (b)		1,000,000		926,805
Marymount University, Revenue, Refunding, Series 2015 B, 5.00%, 07/01/2045 (b)		1,000,000		926,806
				4,215,330
Washington 0.6%
King County Public Hospital District No. 4,
Revenue, Series 2015 A, 6.25%, 12/01/2045 (b)		1,300,000		1,308,250
Wisconsin 3.9%
Public Finance Authority,
Guilford College, Revenue, Refunding, Series 2016, 5.00%, 01/01/2027 (b)		830,000		822,705
Bonnie Cone Classical Academy, Inc., Revenue, Series 2021 A, 4.00%, 06/15/2040		2,020,000		1,629,603
Austin FBO LLC, Revenue, Mandatory Put, Series 2018 A, AMT, 7.05%, 09/01/2027 (e)		250,000		246,446
Rider University A New Jersey Non-Profit Corp., Revenue, Refunding, Series 2021 A, 4.50%, 07/01/2048		1,920,000		1,464,763
Southeastern Regional Medical Center Obligated Group, Revenue, Refunding, Series 2021 A, 4.00%, 02/01/2051 (b)		2,000,000		1,452,602
UNC Health Appalachian Obligated Group, Revenue, Series 2021 A, 4.00%, 07/01/2051		1,675,000		1,314,358
Wisconsin Health & Educational Facilities Authority,
Cedar Crest, Inc. Obligated Group, Revenue, Refunding, Series 2022 A, 4.75%, 04/01/2057		2,920,000		2,144,244
				9,074,721
TOTAL MUNICIPAL BONDS (Cost $223,726,820)				225,226,221
SHORT-TERM INVESTMENTS - 0.3%

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.3%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (f) (Cost $651,482)		651,482		651,482
Total Investments - 95.8% (Cost $224,378,302)				225,877,703
Other assets less liabilities - 4.2%				9,965,884
Net Assets - 100.0%				235,843,587

(a) Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of January 31, 2024.

(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, 2024 amounted to $103,066,845, which represents approximately 43.70% of net assets of the Fund.

(c)	Variable Rate Demand Notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end.
(d)	Zero Coupon Security. Debt security that pays no cash income but is sold at substantial discount from its value at maturity.
(e)	Security with “Put” features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on January 31, 2024.
(f)	Represents 7-day effective yield as of January 31, 2024.

Abbreviations
AGMC	Insured by Assured Guaranty Municipal Corp.
AMT	Alternative Minimum Tax
GO	General Obligation
SOFR	Secured Overnight Financing Rate

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)
Schedule of Investments
January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Airport		0.1	%
Charter School		5.5
Community Development District		9.5
Continuing Care Retirement Community		6.6
Economic/Industrial Development		10.5
General Obligation		2.1
General Obligation Hospital/Health District		0.5
General Revenue Tax-Guaranteed		0.6
Higher Education		6.6
Hospital		18.0
Not-For-Profit Cultural Organization		0.6
Nursing Home		0.8
Parking Facility		1.0
Private/Religious School		0.7
Public Power System		4.2
Public Transportation		2.9
Sales & Excise Tax		1.4
School District		1.5
Special Assessment Financing		2.4
State Multi-Family Housing		11.3
Tax Increment Financing		1.6
Telecom		0.3
Tobacco Master Settlement Agreement		5.1
Toll Highway/Bridge/Tunnel		1.7
Short-Term Investments		0.3
Total Investments		95.8	%

See Notes to Schedule of Investments. (Continued)

First Eagle Short Duration High Yield Municipal Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
MUNICIPAL BONDS - 97.9%
California 1.3%
California Statewide Financing Authority, TSR Multi-County Special Purpose Trust, Revenue, Series 2002 A, 6.00%, 05/01/2043		200,000		204,634
Colorado 0.7%
Pueblo Urban Renewal Authority, City of Pueblo, Sales Tax, Series 2017, 5.00%, 06/01/2036		100,000		98,631
Florida 11.3%
Capital Trust Agency, Inc.,
Franklin Academy Obligated Group, Revenue, Series 2020, 4.00%, 12/15/2024 (a)		385,000		381,387
Marie Selby Botanical Gardens, Inc. (The), Revenue, Series 2021, 4.00%, 06/15/2031 (a)		500,000		457,592
Majorca Isles Community Development District, Special Assessment, Series 2015, 5.00%, 05/01/2025 (a)		165,000		165,373
Pine Island Community Development District, Special Assessment, Series 2004, 5.75%, 05/01/2035		675,000		675,025
Villages of Westport Community Development District, Assessments, Special Assessment, Series 2005 A, 5.70%, 05/01/2035 (a)		45,000		45,003
				1,724,380
Georgia 6.5%
Development Authority of The City of Marietta, Life University, Inc., Revenue, Refunding, Series 2017 A, 5.00%, 11/01/2027 (a)		500,000		502,540
Main Street Natural Gas, Inc., Revenue, Mandatory Put, Series 2022 C, 4.00%, 11/01/2027 (a)(d)		500,000		482,662
				985,202
Illinois 6.7%
Chicago Board of Education, Dedicated Capital Improvement Tax, Series 2018, 5.00%, 04/01/2037 (a)		435,000		451,837
Illinois Finance Authority, Acero Charter Schools, Inc. Obligated Group, Revenue, Refunding, Series 2021, 4.00%, 10/01/2028 (a)		580,000		564,563
				1,016,400
Maryland 12.9%
County of Frederick, Mount St Mary's University, Inc., Revenue, Refunding, Series 2017 A, 5.00%, 09/01/2032 (a)		740,000		743,820
County of Prince George's, Westphalia Town Center Development District, Tax Allocation, Series 2018, 5.00%, 07/01/2030 (a)		1,200,000		1,224,696
				1,968,516
Michigan 2.9%
Michigan Finance Authority, Aquinas College, Revenue, Refunding, Series 2021, 4.00%, 05/01/2031		500,000		437,321
Missouri 2.6%
Grindstone Plaza Transportation Development District, Sales Tax, Series 2006 A, 5.40%, 10/01/2026		400,000		400,033
Nevada 3.7%
City of Las Vegas, Special Improvement District No. 812, Special Assessment, Series 2015, 5.00%, 12/01/2031		555,000		559,682
New Jersey 0.7%
New Jersey Economic Development Authority, United Airlines, Inc., Revenue, Refunding, Series 2012, AMT, 5.75%, 09/15/2027		100,000		100,052
New York 8.3%
New York Liberty Development Corp., 3 World Trade Center LLC, Revenue, Refunding, Series 2014, Class 3, 7.25%, 11/15/2044 (a)		500,000		504,818
New York State Dormitory Authority, Montefiore Obligated Group, Revenue, Refunding, Series 2018 A, 5.00%, 08/01/2024 (a)		250,000		250,535

See Notes to Schedule of Investments. (Continued)

First Eagle Short Duration High Yield Municipal Fund
Schedule of Investments
January 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
New York
New York Transportation Development Corp., American Airlines, Inc., Revenue, Refunding, Series 2020, AMT, 5.25%, 08/01/2031		500,000		525,214
				1,280,567
Ohio 3.3%
Jefferson County Port Authority, JSW Steel USA Ohio, Inc., Revenue, Mandatory Put, Series 2023, AMT, 5.00%, 12/01/2028 (a)(d)		500,000		501,399
Oklahoma 7.9%
Oklahoma Development Finance Authority, OU Medicine Obligated Group, Revenue, Series 2018 B, 5.00%, 08/15/2027		500,000		501,565
Tulsa Airports Improvement Trust, American Airlines, Inc., Revenue, Refunding, Series 2001 B, AMT, 5.50%, 12/01/2035		700,000		700,075
				1,201,640
Pennsylvania 4.4%
St. Mary Hospital Authority, Trinity Health Corp. Obligated Group, Revenue, Series 2007 F, ( 3-month SOFR+ 1.09%), 4.61%, 11/15/2034 (c)		715,000		667,754
Texas 15.7%
Abilene Convention Center Hotel Development Corp., City of Abilene Abilene Convention Center, Revenue, Second Lien, Series 2021 B, 3.75%, 10/01/2031 (a)		500,000		457,461
Arlington Higher Education Finance Corp., Newman International Academy, Revenue, Series 2021 A, 4.00%, 08/15/2031 (a)		350,000		321,411
City of Houston, Airport System, United Airlines, Inc., Revenue, Series 2018, AMT, 5.00%, 07/15/2028		500,000		508,297
New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center, Inc., Revenue, Refunding, Series 2021, 4.00%, 08/15/2025 (a)		440,000		435,736
Reagan Hospital District of Reagan County, GO, Series 2014 A, 5.00%, 02/01/2029 (a)		700,000		694,400
				2,417,305
Virginia 4.5%
Lower Magnolia Green Community Development Authority, Special Assessment, Series 2015, 4.00%, 03/01/2025 (a)		680,000		676,257
Wisconsin 4.5%
Public Finance Authority, Guilford College, Revenue, Refunding, Series 2016, 5.00%, 01/01/2026		685,000		681,952
TOTAL MUNICIPAL BONDS (Cost $14,866,423)				14,921,725

Investments	Shares		Value ($)
SHORT-TERM INVESTMENTS - 0.1%
INVESTMENT COMPANIES - 0.1%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.34% (e)
(Cost $7,717)		7,717		7,717
Total Investments - 98.0% (Cost $14,874,140)				14,929,442
Other assets less liabilities - 2.0%				305,678
Net Assets - 100.0%				15,235,120

(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, 2024 amounted to $8,861,490 which represents approximately 58.16% of net assets of the Fund.
(b)	Variable Rate Demand Notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end.
(c)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of January 31, 2024.
(d)	Security with “Put” features and resetting interest rates. Maturity dates disclosed are the puttable dates. Interest rate disclosed is that which is in effect on January 31, 2024.
(e)	Represents 7-day effective yield as of January 31, 2024.

Abbreviations
AMT	Alternative Minimum Tax
GO	General Obligation
SOFR	Secured Overnight Financing Rate

See Notes to Schedule of Investments. (Continued)

First Eagle Short Duration High Yield Municipal Fund
Schedule of Investments
January 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Charter School		11.2	%
Community Development District		5.8
Economic/Industrial Development		21.6
Gas Forward Contract		3.2
General Obligation Hospital/Health District		4.6
Higher Education		15.5
Hospital		9.3
Not-For-Profit Cultural Organization		3.0
Sales & Excise Tax		3.3
Secondary Education		3.0
Special Assessment Financing		8.1
Tax Increment Financing		8.0
Tobacco Master Settlement Agreement		1.3
Short-Term Investments		0.1
Total Investments		98.0	%

See Notes to Schedule of Investments. (Continued)

FIRST EAGLE FUNDS

NOTES TO SCHEDULES OF INVESTMENTS (unaudited)

Note 1 — Significant Accounting Policies

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, 2024, the Trust consists of eleven 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 Rising Dividend Fund, First Eagle Small Cap Opportunity Fund, First Eagle U.S. Smid Cap Opportunity Fund, First Eagle Global Real Assets Fund, First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund) and First Eagle Short Duration High Yield Municipal 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 Rising Dividend Fund, 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 Rising Dividend Fund 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 First Eagle High Yield Municipal Fund seeks to provide high current income exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the Fund’s primary objective. The First Eagle Short Duration High Yield Municipal Fund seeks to provide high current income exempt from regular federal income taxes; capital appreciation is a secondary objective when consistent with the Fund’s primary objective. The First Eagle Short Duration High Yield Municipal Fund incepted on January 2, 2024.

The Funds generally offer up to four share classes, Class A shares, Class C shares, Class I shares and Class R6 shares, except for the First Eagle Short Duration High Yield Municipal Fund, 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 December 1, 2023, Class R3 Shares, Class R4 Shares, Class R5 Shares of the Funds were closed to new investors. On February 28, 2024, all remaining Class R3 shares, Class R4 shares, and Class R5 shares of the Funds converted into Class R6 shares. As a result, Class R3 shares, Class R4 shares, and Class R5 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”).

a) Investments in Subsidiaries — The First Eagle Global Fund (the “Global Fund”), First Eagle Overseas Fund (the “Overseas Fund”), First Eagle U.S. Value Fund (the “U.S. Value Fund”), 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 investment objective of its respective Fund. Substantially all of each Subsidiary’s assets represent physical gold bullion, and First Eagle Gold Cayman Fund, Ltd. also holds physical silver. Trading in bullion directly by the Funds presents the risk of tax consequences (e.g., a change in the Funds’ tax status subjecting the Funds to be taxed at the Fund level on all of their income if the Funds’ “non- qualifying income” exceeds 10% of the Funds’ gross income in any taxable year). Trading in bullion by the Subsidiaries generally does not present the same tax risks.

The First Eagle Global Cayman Fund, Ltd., established on October 18, 2013, is an exempted company under the laws of the Cayman Islands. The consolidated 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, 2024, the First Eagle Global Cayman Fund, Ltd. has $5,003,252,443 in net assets, representing 10.02% 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, 2024, the First Eagle Overseas Cayman Fund, Ltd. has $974,810,313 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, 2024, the First Eagle U.S. Value Cayman Fund, Ltd. has $147,505,073 in net assets, representing 11.93% 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, 2024, the First Eagle Gold Cayman Fund, Ltd. has $295,583,555 in net assets, representing 13.97% 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, 2024, the First Eagle Global Real Assets Cayman Fund, Ltd. has $1,081,048 in net assets, representing 8.86% of the Global Real Assets Fund’s net assets.

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

A portfolio security (including an option or 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. 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.

The following is a summary of the Funds’ inputs used to value the Funds’ investments as of January 31, 2024:

First Eagle Global Fund

Description†	Level 1		Level 2			Level 3‡			Total
Assets:
Common Stocks	$	26,114,316,527	$	13,638,541,204	(a)	$	–		$	39,752,857,731
Corporate Bonds		–		–			4,927,134	(b)		4,927,134
Commodities *		–		5,623,499,025			–			5,623,499,025
Foreign Government Securities		–		342,308,190			–			342,308,190
Short-Term Investments		1,288,280		4,229,717,341			–			4,231,005,621
Forward Foreign Currency Exchange Contracts**		–		5,088,056			–			5,088,056
Total	$	26,115,604,807	$	23,839,153,816		$	4,927,134		$	49,959,685,757
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–	$	(7,022,696	)	$	–		$	(7,022,696	)
Total	$	–	$	(7,022,696	)	$	–		$	(7,022,696	)

(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, 2024 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	4,954,469
Purchases(1)		—
Sales(2)		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		13,525
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		(40,860	)
Ending Balance — market value	$	4,927,134
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	(40,860	)

(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	$	2,887,936,937	$	7,380,814,356	(a)	$	15,713,571	$	10,284,464,864
Commodities *		–		1,349,025,300			–		1,349,025,300
Foreign Government Securities		–		206,207,621			–		206,207,621
Short-Term Investments		856,838		466,480,160			–		467,336,998
Forward Foreign Currency Exchange Contracts**		–		3,270,536			–		3,270,536
Total	$	2,888,793,775	$	9,405,797,973		$	15,713,571	$	12,310,305,319
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–	$	(3,624,216	)	$	–	$	(3,624,216	)
Total	$	–	$	(3,624,216	)	$	–	$	(3,624,216	)

(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, 2024 was as follows:

	Common Stocks
Beginning Balance —market value	$	15,384,962
Purchases(1)		—
Sales(2)		—
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		—
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		328,609
Ending Balance — market value	$	15,713,571
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	328,609

(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, 2024		Valuation Technique(s)	Unobservable Input	Range (Weighted Average)	Direction Change in Fair Value Resulting from Increase in Unobservable Input (a)
Common Stock	$	15,713,571	Market Comparable Companies	Enterprise Value Multiple	0.33X - 11.92X (3.55X)	Increase

Note:

(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 fair value determination.

First Eagle U.S. Value Fund

Description†	Level 1		Level 2		Level 3‡			Total
Assets:
Common Stocks	$	929,109,005	$	–	$	–		$	929,109,005
Convertible Preferred Stocks		5,175,863		–		–			5,175,863
Corporate Bonds		–		6,918,052		3,441,842	(b)		10,359,894
Commodities *		–		147,520,509		–			147,520,509
Master Limited Partnerships		16,672,577		–		–			16,672,577
Short-Term Investments		27,183		129,721,583		–			129,748,766
Total	$	950,984,628	$	284,160,144	$	3,441,842		$	1,238,586,614

(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, 2024 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	543,750
Purchases(1)		—
Sales(2)		(206,600	)
Transfer In — Level 3		3,104,552	(a)
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		52,856
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		(52,716	)
Ending Balance — market value	$	3,441,842
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	(52,716	)

(a)	Transfers from level 2 into Level 3 are due to a decrease in market activity, e.g. frequency of trades, which resulted in a decrease 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 Gold Fund

Description†	Level 1		Level 2			Level 3		Total
Assets:
Common Stocks	$	1,652,522,420	$	129,632,009	(a)	$	–	$	1,782,154,429
Commodities *		–		295,811,527			–		295,811,527
Rights		3,182,345		–			–		3,182,345
Short-Term Investments		29,954		46,350,890			–		46,380,844
Total	$	1,655,734,719	$	471,794,426		$	–	$	2,127,529,145

(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	$	543,111,998		$	509,898,908	(a)	$	–		$	1,053,010,906
Convertible Preferred Stocks		26,241,384			–			–			26,241,384
Corporate Bonds		–			183,509,500			11,079,194	(b)		194,588,694
Asset-Backed Securities		–			4,014,554			–			4,014,554
Commodities *		–			110,222,733			–			110,222,733
Foreign Government Securities		–			34,331,744			–			34,331,744
Loan Assignments		–			2,500,625			–			2,500,625
Master Limited Partnerships		21,002,533			–			–			21,002,533
Preferred Stocks		28,158,775			–			–			28,158,775
U.S. Treasury Obligations		–			208,144,593			–			208,144,593
Short-Term Investments		10,355			36,105,462			–			36,115,817
Forward Foreign Currency Exchange Contracts**		–			131,510			–			131,510
Total	$	618,525,045		$	1,088,859,629		$	11,079,194		$	1,718,463,868
Liabilities:
Options Written	$	(2,993,249	)	$	–		$	–		$	(2,993,249	)
Forward Foreign Currency Exchange Contracts**		–			(197,466	)		–			(197,466	)
Total	$	(2,993,249	)	$	(197,466	)	$	–		$	(3,190,715	)

(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, 2024 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	—
Purchases(1)		—
Sales(2)		(789,000	)
Transfer In — Level 3		11,856,203	(a)
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		56,909
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		(44,918	)
Ending Balance — market value	$	11,079,194
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	(44,918	)

(a)	Transfers from level 2 into Level 3 are due to a decrease in market activity, e.g. frequency of trades, which resulted in a decrease 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 Rising Dividend Fund

Description†	Level 1		Level 2			Level 3		Total
Assets:
Common Stocks	$	356,270,095	$	23,401,826	(a)	$	–	$	379,671,921
Master Limited Partnerships		9,434,024		–			–		9,434,024
Short-Term Investments		2,726		5,918,093			–		5,920,819
Total	$	365,706,845	$	29,319,919		$	–	$	395,026,764

(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	$	1,587,789,149	$	–	$	–		$	1,587,789,149
Rights		–		–		–	^		–
Short-Term Investments		85,294,106		–		–			85,294,106
Total	$	1,673,083,255	$	–	$	–		$	1,673,083,255

†	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, 2024 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, 2024			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

Note:

^ Fair value represents zero

(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 fair value determination.

First Eagle U.S. Smid Cap Opportunity Fund

Description†	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks	$	31,039,626	$	–	$	–	$	31,039,626
Short-Term Investments		1,426,482		–		–		1,426,482
Total	$	32,466,108	$	–	$	–	$	32,466,108

† 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	$	7,080,742	$	3,640,925	(a)	$	–	^	$	10,721,667
Commodities *		–		1,018,656			–			1,018,656
Exchange-Traded Funds		50,884		–			–			50,884
Master Limited Partnerships		378,784		–			–			378,784
Short-Term Investments		179,840		–			–			179,840
Total	$	7,690,250	$	4,659,581		$	–		$	12,349,831

(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, 2024 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, 2024			Valuation Technique(s)	Unobservable Input	Range (Weighted Average)	Direction Change in Fair Value Resulting from Increase in Unobservable Input (a)
Common Stock	$	-	^	Discounted Cash Flow	Estimated Recoverability	0% (0%)	Increase

Note:

^ Fair value represents zero

(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 fair value determination.

First Eagle High Yield Municipal Fund (formerly named First Eagle High Income Fund)

Description†	Level 1		Level 2		Level 3		Total
Assets:
Municipal Bonds	$	–	$	225,226,221	$	–	$	225,226,221
Short-Term Investments		651,482		–		–		651,482
Total	$	651,482	$	225,226,221	$	–	$	225,877,703

† See Schedule of Investments for additional detailed categorizations.

Fair Value Level 3 activity for the three-month period ended January 31, 2024 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	621,196
Purchases(1)		—
Sales(2)		(620,610	)
Transfer In — Level 3		—
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		—
Realized Gains (Losses)		16,610
Change in Unrealized Appreciation (Depreciation)		(17,196	)
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.

First Eagle Short Duration High Yield Municipal Fund

Description†	Level 1		Level 2		Level 3		Total
Assets:
Municipal Bonds	$	–	$	14,921,725	$	–	$	14,921,725
Short-Term Investments		7,717		–		–		7,717
Total	$	7,717	$	14,921,725	$	–	$	14,929,442

† See Schedule of Investments for additional detailed categorizations.

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

Funds investing in forward foreign currency exchange contracts are exposed to risk if the value of the currency changes unfavorably, if the counterparties to the contracts are unable to meet the terms of their contracts or if the Fund is unable to enter into a closing position. Forward foreign currency exchange contracts outstanding at period end, if any, are listed after each Fund’s portfolio. For the period ended January 31, 2024, the average monthly outstanding currency purchased or sold in U.S. dollars for forward foreign currency exchange contracts held by the Funds were as follows:

	First Eagle Global Fund		First Eagle Overseas Fund		First Eagle Global Income Builder Fund
Forward Foreign Currency Exchange Contracts:
Average Settlement Value — Purchased	$	47,279,997	$	4,475,620	$	1,373,165
Average Settlement Value — Sold		1,462,923,016		788,130,300		40,203,085

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, 2024, the Funds had the following forward foreign currency exchange contracts grouped into appropriate risk categories illustrated below:

First Eagle Global 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)
Foreign currency	$	5,088,056	$	7,022,696	$	26,798,008	$	(47,541,840	)

First Eagle Overseas 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)
Foreign currency	$	3,270,536	$	3,624,216	$	14,771,295	$	(25,693,567	)

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)
Foreign currency	$	131,510	$	197,466	$	674,840	$	(1,262,040	)

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, 2024:

First Eagle Global Fund

Counterparty	Gross Amount of Assets Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Received*			Net Amount (Not Less Than $0)
Bank of New York Mellon	$	338,535	$	(338,535	)	$	–		$	–
Goldman Sachs		1,933,244		(811,137	)		(270,000	)		852,107
JPMorgan Chase Bank		1,426,745		(744,507	)		(39,135	)		643,103
UBS AG		1,389,532		(1,389,532	)		–			–
	$	5,088,056	$	(3,283,711	)	$	(309,135	)	$	1,495,210

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	$	2,993,793	$	(338,535	)	$	(2,655,258	)	$	–
Goldman Sachs		811,137		(811,137	)		–			–
JPMorgan Chase Bank		744,507		(744,507	)		–			–
UBS AG		2,473,259		(1,389,532	)		(1,083,727	)		–
	$	7,022,696	$	(3,283,711	)	$	(3,738,985	)	$	–

First Eagle Overseas Fund

Counterparty	Gross Amount of Assets Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Received*			Net Amount (Not Less Than $0)
Bank of New York Mellon	$	502,729	$	(502,729	)	$	–		$	–
Goldman Sachs		1,191,466		(323,799	)		(450,000	)		417,667
JPMorgan Chase Bank		797,712		(401,027	)		(61,148	)		335,537
UBS AG		778,629		(778,629	)		–			–
	$	3,270,536	$	(2,006,184	)	$	(511,148	)	$	753,204

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	$	1,505,387	$	(502,729	)	$	(1,002,658	)	$	–
Goldman Sachs		323,799		(323,799	)		–			–
JPMorgan Chase Bank		401,027		(401,027	)		–			–
UBS AG		1,394,003		(778,629	)		(615,374	)		–
	$	3,624,216	$	(2,006,184	)	$	(1,618,032	)	$	–

First Eagle Global Income Builder Fund

Counterparty	Gross Amount of Assets Presented in the Statement of Assets and Liabilities		Derivatives Available for Offset			Collateral Received*			Net Amount (Not Less Than $0)
Bank of New York Mellon	$	11,831	$	(11,831	)	$	–		$	–
Goldman Sachs		37,062		(21,783	)		–			15,279
JPMorgan Chase Bank		47,981		(12,680	)		–			35,301
UBS AG		34,636		(34,636	)		–			–
	$	131,510	$	(80,930	)	$	–		$	50,580
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	$	82,455	$	(11,831	)	$	(70,624	)	$	–
Goldman Sachs		21,783		(21,783	)		–		$	–
JPMorgan Chase Bank		12,680		(12,680	)		–			–
UBS AG		80,548		(34,636	)		(45,912	)	$	–
	$	197,466	$	(80,930	)	$	(116,536	)	$	–

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

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

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

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 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, 2024, portfolio securities valued at $123,970,559 were earmarked to cover collateral requirements for written options for First Eagle Global Income Builder Fund.

For the period ended January 31, 2024, 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	9,983

At January 31, 2024, 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
							Change in
	Asset Derivative		Liability Derivative		Net Realized		Appreciation
Risk Type	Fair Value		Fair Value		Gains (Losses)		(Depreciation)
Equity — Written options	$	—	$	2,993,249	$	445,439	$	(1,506,948	)

e) 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.

f) 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, partnerships 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.

g) 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.

h) 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.

i) New Accounting Pronouncements — 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. There is no material impact to the financial statements and related disclosures.