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

Investments	Shares		Value ($)
COMMON STOCKS - 80.3%
Belgium - 0.9%
Groupe Bruxelles Lambert NV		6,469,396		482,805,254
Brazil - 1.1%
Ambev SA, ADR		165,216,473		340,345,935
Itausa SA (Preference)		141,581,549		254,569,690
				594,915,625
Canada - 4.9%
Agnico Eagle Mines Ltd.		2,830,107		218,369,101
Barrick Gold Corp.		25,083,139		464,288,903
Franco-Nevada Corp.		1,260,834		162,479,691
Imperial Oil Ltd.		10,896,401		780,620,014
Nutrien Ltd.		4,461,321		228,419,635
Power Corp. of Canada		12,323,141		356,667,305
Wheaton Precious Metals Corp.		7,936,282		474,272,212
				2,685,116,861
China - 1.9%
Alibaba Group Holding Ltd.		41,871,592		412,025,872
Prosus NV		17,763,598		619,652,961
				1,031,678,833
France - 3.0%
Danone SA		9,424,033		612,233,287
Legrand SA		1,954,335		211,159,898
LVMH Moet Hennessy Louis Vuitton SE		145,168		102,396,049
Sanofi SA		4,031,951		415,664,046
Sodexo SA		2,131,829		201,899,905
Wendel SE		867,489		83,115,473
				1,626,468,658
Germany - 0.9%
Brenntag SE		1,126,149		80,110,102
Henkel AG & Co. KGaA (Preference)		3,516,726		300,827,210
Merck KGaA		597,571		106,769,432
				487,706,744
Hong Kong - 1.2%
CK Asset Holdings Ltd.		41,933,000		160,228,987
Guoco Group Ltd.		12,748,580		106,063,434
Hongkong Land Holdings Ltd.		31,759,300		102,570,270
Hysan Development Co. Ltd.		22,829,954		31,265,419
Jardine Matheson Holdings Ltd.		7,051,271		248,408,962
				648,537,072
Japan - 6.9%
Chofu Seisakusho Co. Ltd. (a)		2,955,000		42,288,075
FANUC Corp.		16,005,400		474,508,493
Hirose Electric Co. Ltd.		1,258,915		157,620,955
Hoshizaki Corp.		5,977,100		188,241,618
Keyence Corp.		263,400		115,174,386
Komatsu Ltd.		6,756,000		192,056,693
Mitsubishi Electric Corp.		24,592,300		409,751,444
MS&AD Insurance Group Holdings, Inc.		26,478,960		624,229,510
Secom Co. Ltd.		6,337,130		404,643,174
Shimano, Inc.		2,469,690		438,133,318
SMC Corp.		442,156		215,137,883
Sompo Holdings, Inc.		18,813,600		428,986,161
T Hasegawa Co. Ltd. (a)		3,002,800		64,474,579
USS Co. Ltd.		2,597,200		23,425,468
				3,778,671,757
Mexico - 1.2%
Fomento Economico Mexicano SAB de CV, ADR		4,913,976		541,765,854
Fresnillo plc		5,590,827		42,366,841
Industrias Penoles SAB de CV*		6,401,020		93,512,406
				677,645,101
Netherlands - 0.4%
Heineken Holding NV		2,580,124		190,130,556
Pluxee NV*		2,131,829		49,969,792
				240,100,348
Norway - 0.3%
Orkla ASA		16,166,787		136,439,484
South Korea - 1.6%
Hyundai Mobis Co. Ltd.		999,985		161,787,876
KT&G Corp.		5,242,098		357,363,545
NAVER Corp.		1,363,651		173,923,474
Samsung Electronics Co. Ltd. (Preference)		4,049,795		192,797,964
				885,872,859
Sweden - 1.0%
Investor AB, Class A		4,970,940		140,531,525
Investor AB, Class B		11,255,824		319,554,292
Svenska Handelsbanken AB, Class A		10,429,006		105,269,044
				565,354,861
Switzerland - 2.9%
Cie Financiere Richemont SA (Registered)		4,644,824		708,481,377
Nestle SA (Registered)		3,086,462		312,635,926
Schindler Holding AG		1,798,637		481,412,742
Schindler Holding AG (Registered)		211,870		55,624,263
				1,558,154,308
Taiwan - 0.9%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		2,980,143		494,107,709
Thailand - 0.3%
Bangkok Bank PCL, NVDR		42,690,800		164,132,599
United Kingdom - 7.4%
BAE Systems plc		30,239,911		504,344,674
Berkeley Group Holdings plc (a)		6,766,463		441,730,969
British American Tobacco plc		20,885,096		741,024,769
Derwent London plc, REIT		3,706,091		109,485,114
Diageo plc		5,981,121		186,102,485
Haleon plc		107,935,852		484,135,794
Lloyds Banking Group plc		396,239,696		302,707,374
Reckitt Benckiser Group plc		9,376,596		504,401,306
Unilever plc		12,894,404		789,973,360
				4,063,905,845

See Notes to Consolidated Schedule of Investments. (Continued)

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

Investments		Shares		Value ($)
United States - 43.5%
Alphabet, Inc., Class A		2,694,360		462,190,514
Alphabet, Inc., Class C		4,503,302		779,746,741
American Express Co.		1,903,714		481,715,791
Analog Devices, Inc.		2,674,970		618,934,559
Bank of New York Mellon Corp. (The)		11,016,077		716,816,130
Becton Dickinson & Co.		1,925,423		464,142,468
Berkshire Hathaway, Inc., Class A*		675		444,967,310
Bio-Rad Laboratories, Inc., Class A*		525,458		177,793,969
Brown & Brown, Inc.		2,287,048		227,401,183
BXP, Inc., REIT		2,473,129		176,358,829
CH Robinson Worldwide, Inc. (a)		8,084,325		719,909,141
Charles Schwab Corp. (The)		2,570,105		167,545,145
Charter Communications, Inc., Class A*		257,512		97,782,457
Colgate-Palmolive Co.		5,896,055		584,829,696
Comcast Corp., Class A		21,961,227		906,339,838
Cummins, Inc.		1,455,755		424,789,309
Deere & Co.		381,724		141,993,694
Dentsply Sirona, Inc. (a)		10,435,979		283,232,470
Douglas Emmett, Inc., REIT (a)		9,162,021		147,416,918
Elevance Health, Inc.		1,543,213		821,035,612
Equity Residential, REIT		6,189,955		431,006,567
Expeditors International of Washington, Inc.		1,961,371		244,818,328
Extra Space Storage, Inc., REIT		1,155,209		184,394,461
Exxon Mobil Corp.		9,538,191		1,131,134,071
Fidelity National Financial, Inc.		4,297,027		238,098,266
Flowserve Corp. (a)		7,892,216		398,951,519
HCA Healthcare, Inc.		3,109,934		1,129,061,539
IPG Photonics Corp.* (a)		3,319,802		266,912,081
JG Boswell Co.		2,485		1,377,311
Kraft Heinz Co. (The)		4,471,740		157,449,965
Medtronic plc		6,658,084		534,777,307
Meta Platforms, Inc., Class A		2,584,560		1,227,226,625
Microsoft Corp.		466,954		195,350,206
Mills Music Trust (a)		31,592		1,091,504
Newmont Corp.		8,257,354		405,188,361
Noble Corp. plc		2,010,900		94,954,698
NOV, Inc. (a)		28,255,276		588,274,846
ONEOK, Inc.		2,398,383		199,857,255
Oracle Corp.		10,164,584		1,417,451,239
Philip Morris International, Inc.		7,954,243		916,010,624
PPG Industries, Inc.		853,547		108,383,398
Ross Stores, Inc.		1,271,219		182,076,697
Royal Gold, Inc.		1,476,988		204,001,583
RPM International, Inc.		850,166		103,261,162
Salesforce, Inc.		1,878,799		486,233,181
Schlumberger NV		20,475,698		988,771,457
Texas Instruments, Inc.		2,800,783		570,827,583
UGI Corp.		1,723,649		42,712,022
UnitedHealth Group, Inc.		275,783		158,895,133
Universal Health Services, Inc., Class B		3,368,166		719,979,164
US Bancorp		5,965,007		267,709,514
Walt Disney Co. (The)		2,946,738		276,079,883
Weyerhaeuser Co., REIT		10,347,140		328,625,166
Willis Towers Watson plc		2,814,965		794,608,320
				23,840,492,810
TOTAL COMMON STOCKS (Cost $27,945,878,383)				43,962,106,728
Investments	Ounces		Value ($)
COMMODITIES - 11.4%
Gold bullion*
(Cost $2,609,762,251)		2,541,551		6,225,047,019
Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 0.0% (b)
United States - 0.0% (b)
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡  (Cost $5,196,186)		5,467,000		5,029,640
SHORT-TERM INVESTMENTS - 8.3%
COMMERCIAL PAPER - 8.2%
AES Corp. (The)
5.85%, 8/1/2024 (c)		94,550,000		94,534,673
Amphenol Corp.
5.34%, 8/1/2024 (c)(d)		26,263,000		26,259,118
Apple, Inc.
5.32%, 8/7/2024 (c)(d)		60,000,000		59,938,517
5.30%, 8/9/2024 (c)(d)		50,000,000		49,934,125
5.31%, 8/15/2024 (c)(d)		50,000,000		49,890,209
5.33%, 8/16/2024 (c)(d)		40,000,000		39,906,222
5.35%, 9/5/2024 (c)(d)		50,000,000		49,735,100
Caisse des Depots et Consignations
5.36%, 10/18/2024 (c)(d)		75,000,000		74,127,544
Engie SA
5.37%, 8/15/2024 (c)		50,000,000		49,890,604
5.39%, 8/16/2024 (c)		50,000,000		49,883,437
5.41%, 8/26/2024 (c)(d)		135,000,000		134,485,222
5.42%, 9/18/2024 (c)		100,000,000		99,277,613
5.45%, 9/26/2024 (c)		50,000,000		49,580,258
5.38%, 11/1/2024 (c)		64,139,000		63,259,339
Entergy Corp.
5.40%, 8/1/2024 (c)(d)		34,143,000		34,137,887
General Motors Financial Co., Inc.
5.43%, 8/1/2024 (c)(d)		103,584,000		103,568,400
Government of Quebec
5.28%, 10/30/2024 (c)(d)		50,000,000		49,340,604
Honeywell International, Inc.
5.37%, 8/28/2024 (c)(d)		50,000,000		49,793,500

See Notes to Consolidated Schedule of Investments. (Continued)

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

Investments		Principal Amount ($)		Value ($)
Hydro-Quebec
5.36%, 8/2/2024 (c)(d)		50,000,000		49,985,381
5.35%, 8/23/2024 (c)		75,000,000		74,746,042
5.27%, 11/1/2024 (c)(d)		32,650,000		32,210,423
Johnson & Johnson
5.37%, 8/1/2024 (c)(d)		100,000,000		99,985,329
5.38%, 8/8/2024 (c)(d)		100,000,000		99,882,472
Kreditanstalt fuer Wiederaufbau
5.33%, 8/6/2024 (c)		75,000,000		74,935,000
5.37%, 8/21/2024 (c)(d)		75,000,000		74,772,062
5.37%, 9/3/2024 (c)(d)		100,000,000		99,500,641
5.32%, 10/18/2024 (c)		97,000,000		95,875,313
L'Oreal SA
5.39%, 9/11/2024 (c)		100,000,000		99,381,433
LVMH Moet Hennessy Louis Vuitton SE
5.55%, 8/21/2024 (c)(d)		35,000,000		34,891,587
5.41%, 8/22/2024 (c)(d)		50,000,000		49,837,750
LVMH Moet Hennessy Louis Vuitton, Inc.
5.41%, 8/6/2024 (c)		21,940,000		21,920,588
Nederlandse Waterschapsbank NV
5.39%, 8/26/2024 (c)(d)		33,350,000		33,221,862
5.34%, 10/22/2024 (c)(d)		100,000,000		98,789,737
5.28%, 10/29/2024 (c)		100,000,000		98,690,000
NRW Bank
5.40%, 8/5/2024 (c)(d)		66,079,000		66,030,752
5.39%, 8/12/2024 (c)		75,000,000		74,868,500
5.39%, 8/15/2024 (c)		50,000,000		49,890,417
5.40%, 9/13/2024 (c)(d)		60,000,000		59,614,609
5.40%, 9/24/2024 (c)(d)		50,000,000		49,598,831
5.35%, 10/17/2024 (c)(d)		60,000,000		59,317,500
5.32%, 10/28/2024 (c)		85,861,000		84,746,595
5.30%, 10/30/2024 (c)		60,000,000		59,203,851
Philip Morris International, Inc.
5.34%, 8/2/2024 (c)		80,000,000		79,976,432
5.34%, 8/9/2024 (c)		50,000,000		49,933,594
Province of Quebec
5.34%, 8/13/2024 (c)(d)		100,000,000		99,808,611
5.35%, 8/22/2024 (c)		24,350,000		24,271,133
5.35%, 9/20/2024 (c)		70,000,000		69,473,723
PSP Capital, Inc.
5.38%, 8/14/2024 (c)(d)		100,000,000		99,793,451
5.36%, 8/22/2024 (c)		50,000,000		49,839,006
5.38%, 8/27/2024 (c)(d)		150,000,000		149,407,875
5.33%, 10/23/2024 (c)(d)		50,000,000		49,389,367
5.33%, 10/24/2024 (c)(d)		50,000,000		49,382,372
5.32%, 10/25/2024 (c)(d)		100,000,000		98,750,770
Sanofi SA
5.41%, 9/6/2024 (c)(d)		100,000,000		99,454,010
5.41%, 9/13/2024 (c)(d)		100,000,000		99,350,430
5.38%, 10/17/2024 (c)(d)		75,500,000		74,634,972
Siemens Capital Co. LLC
5.33%, 8/19/2024 (c)(d)		40,000,000		39,888,744
5.33%, 8/20/2024 (c)(d)		100,000,000		99,707,222
Svensk Exportkredit AB
5.39%, 9/25/2024 (c)		150,000,000		148,768,311
5.40%, 10/4/2024 (c)		150,000,000		148,571,354
5.34%, 10/16/2024 (c)		100,000,000		98,874,303
Sysco Corp.
5.40%, 8/1/2024 (c)(d)		21,009,000		21,005,868
UnitedHealth Group, Inc.
5.37%, 8/1/2024 (c)		65,000,000		64,990,407
TOTAL COMMERCIAL PAPER (Cost $4,485,303,345)				4,484,711,002
U.S. TREASURY OBLIGATIONS - 0.1%
U.S. Treasury Bills
5.22%, 9/5/2024 (c)		20,000,000		19,897,395
5.28%, 12/5/2024 (c)		20,000,000		19,647,631
5.12%, 3/20/2025 (c)(e)		20,000,000		19,397,582
TOTAL U.S. TREASURY OBLIGATIONS (Cost $58,907,942)				58,942,608
Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (b)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (f) (Cost $706,742)		706,742		706,742
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,544,918,029)				4,544,360,352
Total Investments - 100.0% (Cost $35,105,754,849)				54,736,543,739
Other assets less liabilities - 0.0% (b)				27,628,109
Net Assets - 100.0%				54,764,171,848

*	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 July 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 July 31, 2024 amounted to $2,609,329,076, which represents approximately 4.76% 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 July 31, 2024.

See Notes to Consolidated Schedule of Investments. (Continued)

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

Forward Foreign Currency Exchange Contracts outstanding as of July 31, 2024
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
EUR	205,770,000	USD	222,622,563	Bank of New York Mellon	8/7/2024	$	122,874
JPY	15,907,827,000	USD	103,187,020	Bank of New York Mellon	8/7/2024		3,081,734
USD	225,169,584	EUR	205,770,000	Bank of New York Mellon	8/7/2024		2,424,147
USD	108,731,543	JPY	15,907,827,000	Bank of New York Mellon	8/7/2024		2,462,788
JPY	11,921,844,000	USD	77,636,390	Goldman Sachs	9/4/2024		2,358,731
USD	281,260,696	EUR	257,494,000	Goldman Sachs	9/4/2024		2,134,677
USD	80,206,163	JPY	11,921,844,000	Goldman Sachs	9/4/2024		211,042
USD	286,176,006	EUR	263,027,000	JPMorgan Chase Bank	10/2/2024		687,403
Total unrealized appreciation							13,483,396
USD	106,835,859	GBP	84,149,000	Goldman Sachs	9/4/2024		(1,377,921	)
USD	111,676,779	GBP	87,781,000	JPMorgan Chase Bank	10/2/2024		(1,229,739	)
USD	262,647,254	EUR	244,054,000	UBS AG	11/6/2024		(2,724,570	)
USD	238,009,426	EUR	218,819,000	Bank of New York Mellon	12/4/2024		(241,547	)
Total unrealized depreciation							(5,573,777	)
Net unrealized appreciation						$	7,909,619

Abbreviations
ADR	American Depositary Receipt
EUR	Euro
GBP	British Pound
JPY	Japanese Yen
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
July 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		2.1
Beverages		2.2
Broadline Retail		1.9
Capital Markets		1.6
Chemicals		0.9
Commercial Services & Supplies		0.8
Commodities		11.4
Consumer Finance		0.9
Electrical Equipment		1.2
Electronic Equipment, Instruments & Components		1.0
Energy Equipment & Services		3.1
Entertainment		0.5
Financial Services		2.6
Food Products		2.3
Gas Utilities		0.1
Health Care Equipment & Supplies		2.3
Health Care Providers & Services		5.2
Hotels, Restaurants & Leisure		0.4
Household Durables		0.9
Household Products		2.6
Industrial Conglomerates		0.6
Insurance		4.8
Interactive Media & Services		4.7
Leisure Products		0.8
Life Sciences Tools & Services		0.3
Machinery		4.8
Media		1.9
Metals & Mining		3.7
Office REITs		0.8
Oil, Gas & Consumable Fuels		3.9
Personal Care Products		2.3
Pharmaceuticals		1.0
Real Estate Management & Development		0.6
Residential REITs		0.8
Semiconductors & Semiconductor Equipment		3.0
Software		3.9
Specialized REITs		0.9
Specialty Retail		0.3
Technology Hardware, Storage & Peripherals		0.3
Textiles, Apparel & Luxury Goods		1.5
Tobacco		3.8
Trading Companies & Distributors		0.1
Short-Term Investments		8.3
Total Investments		100.0	%

See Notes to Consolidated Schedule of Investments. (Continued)

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

Affiliated Securities

Security Description	Shares at July 31, 2024		Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales			Net Realized Gains (Loss)			Change in Unrealized Appreciation/ Depreciation			Market Value July 31, 2024		Dividend Income
Common Stocks 5.4%
Japan 0.2%
Chofu Seisakusho Co. Ltd.		2,955,000	$	44,698,784	$	—	$	(2,526,394	)	$	(1,237,440	)	$	1,353,125		$	42,288,075	$	847,259
T Hasegawa Co. Ltd.		3,002,800		62,909,936		—		—			—			1,564,643			64,474,579		553,429
				107,608,720		—		(2,526,394	)		(1,237,440	)		2,917,768			106,762,654		1,400,688
United Kingdom 0.8%
Berkeley Group Holdings plc		6,766,463		332,616,729		—		—			—			109,114,240			441,730,969		5,682,144
United States 4.4%
CH Robinson Worldwide, Inc.		8,084,325		547,603,660		111,156,693		—			—			61,148,788			719,909,141		13,944,976
Dentsply Sirona, Inc.^		10,435,979		209,857,889		98,610,927		—			—			(25,236,346	)		283,232,470		3,603,295
Douglas Emmett, Inc., REIT		9,162,021		102,706,255		—		—			—			44,710,663			147,416,918		5,222,352
Flowserve Corp.		7,892,216		289,802,171		—		—			—			109,149,348			398,951,519		4,893,174
IPG Photonics Corp.*		3,319,802		266,058,242		19,827,887		—			—			(18,974,048	)		266,912,081		—
Mills Music Trust		31,592		1,074,444		—		—			—			17,060			1,091,504		53,000
NOV, Inc.		28,255,276		537,029,309		26,137,540		—			—			25,107,997			588,274,846		4,708,423
				1,954,131,970		255,733,047		—			—			195,923,462			2,405,788,479		32,425,220
Total Common Stocks				2,394,357,419		255,733,047		(2,526,394	)		(1,237,440	)		307,955,470			2,954,282,102		39,508,052
Total			$	2,394,357,419	$	255,733,047	$	(2,526,394	)	$	(1,237,440	)	$	307,955,470		$	2,954,282,102	$	39,508,052

* Non-income producing security.

^ Represents an unaffiliated issuer as of October 31, 2023.

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

Investments	Shares		Value ($)
COMMON STOCKS - 87.1%
Belgium - 1.9%
Groupe Bruxelles Lambert NV		2,764,501		206,312,244
Legris Industries SA*‡ (a)(b)(c)		905,366		22,251,993
				228,564,237
Brazil - 2.0%
Ambev SA, ADR		74,960,614		154,418,865
Itausa SA (Preference)		51,723,362		93,000,821
				247,419,686
Canada - 9.2%
Agnico Eagle Mines Ltd.		814,125		62,817,322
Barrick Gold Corp.		6,165,298		114,119,666
Franco-Nevada Corp.		316,575		40,796,019
Imperial Oil Ltd.		6,867,660		492,000,326
Nutrien Ltd.		2,328,574		119,222,989
Power Corp. of Canada		5,849,907		169,313,210
Wheaton Precious Metals Corp.		2,245,148		134,170,044
				1,132,439,576
Chile - 0.8%
Cia Cervecerias Unidas SA, ADR (c)		9,392,572		103,130,441
China - 2.9%
Alibaba Group Holding Ltd.		14,966,828		147,276,950
Prosus NV		6,142,389		214,266,813
				361,543,763
Faroe Islands - 0.3%
Bakkafrost P/F		801,656		41,874,262
Finland - 0.1%
Kesko OYJ, Class B		702,790		12,712,567
France - 5.8%
Danone SA		4,221,052		274,221,084
Laurent-Perrier (c)		558,938		72,286,823
Legrand SA		812,472		87,785,106
LVMH Moet Hennessy Louis Vuitton SE		33,358		23,529,479
Sanofi SA		1,580,799		162,968,575
Sodexo SA		686,065		64,975,408
Wendel SE		439,181		42,078,616
				727,845,091
Germany - 2.4%
Brenntag SE		557,632		39,667,892
FUCHS SE (Preference)		2,322,615		100,920,304
Henkel AG & Co. KGaA (Preference)		1,476,257		126,281,739
Merck KGaA		226,858		40,533,259
				307,403,194
Hong Kong - 3.0%
CK Asset Holdings Ltd.		20,256,000		77,399,622
Great Eagle Holdings Ltd.		22,777,700		30,981,064
Guoco Group Ltd.		7,806,340		64,945,839
Hongkong Land Holdings Ltd.		15,883,500		51,297,569
Hysan Development Co. Ltd.		17,131,457		23,461,378
Jardine Matheson Holdings Ltd.		3,666,800		129,177,560
				377,263,032
Japan - 16.9%
As One Corp.		2,756,760		59,396,239
Chofu Seisakusho Co. Ltd.		1,608,500		23,018,737
Daiichikosho Co. Ltd. (c)		5,732,560		69,191,420
FANUC Corp.		6,535,400		193,753,533
Hirose Electric Co. Ltd.		758,730		94,995,887
Hoshizaki Corp.		2,725,600		85,839,513
Kansai Paint Co. Ltd.		8,474,330		139,177,365
Keyence Corp.		74,800		32,707,077
Komatsu Ltd.		3,814,300		108,431,297
MISUMI Group, Inc.		830,100		15,276,033
Mitsubishi Electric Corp.		10,601,000		176,631,509
MS&AD Insurance Group Holdings, Inc.		9,185,000		216,532,222
Nagaileben Co. Ltd.		1,687,224		30,280,438
Nihon Kohden Corp.		4,940,200		76,125,627
Pilot Corp.		709,700		21,317,877
Secom Co. Ltd.		2,783,500		177,734,128
Shimano, Inc.		971,870		172,413,796
SK Kaken Co. Ltd.		437,805		28,085,218
SMC Corp.		195,690		95,216,015
Sompo Holdings, Inc.		6,648,400		151,596,270
T Hasegawa Co. Ltd.		1,906,436		40,934,014
TIS, Inc.		2,317,600		49,646,336
USS Co. Ltd.		2,082,400		18,782,225
				2,077,082,776
Mexico - 2.5%
Fomento Economico Mexicano SAB de CV, ADR		2,045,714		225,539,968
Fresnillo plc		1,426,722		10,811,586
Grupo Mexico SAB de CV, Series B		6,905,948		38,920,323
Industrias Penoles SAB de CV*		2,246,692		32,821,890
				308,093,767
Netherlands - 1.4%
HAL Trust		644,459		79,614,842
Heineken Holding NV		984,286		72,532,500
Pluxee NV*		801,545		18,788,110
				170,935,452
Norway - 1.0%
Orkla ASA		14,829,598		125,154,287
Singapore - 1.7%
Haw Par Corp. Ltd. (c)		19,436,313		151,759,749
UOL Group Ltd.		15,047,300		60,795,883
				212,555,632
South Korea - 4.3%
Fursys, Inc. (c)		872,463		27,875,464
Hyundai Mobis Co. Ltd.		505,396		81,768,172
KT&G Corp.		2,323,602		158,404,259
NAVER Corp.		609,111		77,687,547
NongShim Co. Ltd.		197,002		69,314,954

See Notes to Consolidated Schedule of Investments. (Continued)

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

Investments	Shares		Value ($)
Samsung Electronics Co. Ltd. (Preference)		2,345,824		111,677,280
				526,727,676
Sweden - 3.3%
Industrivarden AB, Class A		123,708		4,243,702
Industrivarden AB, Class C		1,572,517		53,303,847
Investor AB, Class A		966,810		27,332,312
Investor AB, Class B		8,216,652		233,271,808
L E Lundbergforetagen AB, Class B		296,080		14,967,898
Svenska Handelsbanken AB, Class A		6,838,494		69,026,878
				402,146,445
Switzerland - 4.8%
Cie Financiere Richemont SA (Registered)		1,663,507		253,737,005
Nestle SA (Registered)		1,236,148		125,212,711
Schindler Holding AG		682,064		182,557,292
Schindler Holding AG (Registered)		82,435		21,642,451
				583,149,459
Taiwan - 2.1%
Taiwan Secom Co. Ltd.		8,545,694		34,575,075
Taiwan Semiconductor Manufacturing Co. Ltd., ADR		1,358,315		225,208,627
				259,783,702
Thailand - 0.8%
Bangkok Bank PCL, NVDR		20,440,959		78,589,010
Thai Beverage PCL		52,214,985		19,717,861
				98,306,871
Turkey - 0.8%
AG Anadolu Grubu Holding A/S		7,420,450		95,506,694
United Kingdom - 15.1%
BAE Systems plc		12,360,125		206,143,570
Berkeley Group Holdings plc		2,349,985		153,412,670
Big Yellow Group plc, REIT		2,602,379		40,470,653
British American Tobacco plc		8,116,884		287,995,425
Diageo plc		2,035,999		63,350,077
Great Portland Estates plc, REIT		7,832,988		35,345,480
Haleon plc		35,038,000		157,159,550
Lloyds Banking Group plc		182,339,363		139,298,183
Reckitt Benckiser Group plc		3,791,584		203,963,135
Shell plc		8,047,499		294,250,160
Unilever plc		4,820,100		295,302,566
				1,876,691,469
United States - 4.0%
Newmont Corp.		2,558,784		125,559,531
Royal Gold, Inc.		454,973		62,840,871
Willis Towers Watson plc		1,095,555		309,253,265
				497,653,667
TOTAL COMMON STOCKS (Cost $7,793,802,032)				10,773,983,746

Investments	Ounces		Value ($)
COMMODITIES - 10.4%
Gold bullion*
(Cost $429,791,638)		525,552		1,287,239,980

Investments	Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 0.6%
Singapore - 0.6%
Republic of Singapore
1.25%, 11/1/2026   (Cost $74,861,154)	SGD	108,048,000		77,877,493
SHORT-TERM INVESTMENTS - 2.0%
COMMERCIAL PAPER - 1.8%
AES Corp. (The)
5.85%, 8/1/2024 (d)		36,295,000		36,289,117
Amphenol Corp.
5.34%, 8/1/2024 (d)(e)		10,082,000		10,080,510
Engie SA
5.42%, 8/26/2024 (d)(e)		15,000,000		14,942,802
5.38%, 11/1/2024 (d)		10,561,000		10,416,157
Entergy Corp.
5.40%, 8/1/2024 (d)(e)		13,106,000		13,104,037
General Motors Financial Co., Inc.
5.43%, 8/1/2024 (d)(e)		39,763,000		39,757,012
Hydro-Quebec
5.36%, 8/2/2024 (d)(e)		6,450,000		6,448,114
5.37%, 8/28/2024 (d)(e)		40,000,000		39,835,111
NRW Bank
5.40%, 8/5/2024 (d)(e)		8,921,000		8,914,486
5.40%, 9/13/2024 (d)(e)		10,000,000		9,935,768
5.32%, 10/28/2024 (d)		14,139,000		13,955,488
Sysco Corp.
5.40%, 8/1/2024 (d)(e)		8,066,000		8,064,797
TOTAL COMMERCIAL PAPER (Cost $211,774,530)				211,743,399
U.S. TREASURY OBLIGATIONS - 0.2%
U.S. Treasury Bills
5.22%, 9/5/2024 (d)		10,000,000		9,948,697
5.28%, 12/5/2024 (d)		10,000,000		9,823,816
5.12%, 3/20/2025 (d)(f)		10,000,000		9,698,791
TOTAL U.S. TREASURY OBLIGATIONS (Cost $29,453,971)				29,471,304

See Notes to Consolidated Schedule of Investments. (Continued)

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

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (g)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (h) (Cost $80,920)		80,920		80,920
TOTAL SHORT-TERM INVESTMENTS (Cost $241,309,421)				241,295,623
Total Investments - 100.1%  (Cost $8,539,764,245)				12,380,396,842
Liabilities in excess of other assets - (0.1)%				(9,879,057	)
Net Assets - 100.0%				12,370,517,785

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Represents a security that is subject to legal or contractual restrictions on resale. The Fund generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended, or the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be ''restricted securities'' under the Securities Act. Total value of all such securities at July 31, 2024 amounted to $22,251,993, which represents approximately 0.18% 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	$	24.58

(b)	Security fair valued as of  July 31, 2024 by the Adviser as "valuation designee" under the oversight of the Fund's Board of Trustees. Total value of all such securities at July 31, 2024 amounted to $22,251,993, which represents approximately 0.18% 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 July 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 July 31, 2024 amounted to $151,082,637, which represents approximately 1.22% 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 July 31, 2024.

See Notes to Consolidated Schedule of Investments. (Continued)

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

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

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
EUR	114,306,000	USD	123,667,661	Bank of New York Mellon	8/7/2024	$	68,257
JPY	8,146,206,000	USD	52,840,826	Bank of New York Mellon	8/7/2024		1,578,119
USD	125,082,541	EUR	114,306,000	Bank of New York Mellon	8/7/2024		1,346,623
USD	55,680,109	JPY	8,146,206,000	Bank of New York Mellon	8/7/2024		1,261,164
GBP	6,763,000	USD	8,560,944	Goldman Sachs	9/4/2024		136,127
JPY	7,396,688,000	USD	48,168,065	Goldman Sachs	9/4/2024		1,463,431
USD	165,772,910	EUR	151,765,000	Goldman Sachs	9/4/2024		1,258,162
USD	49,762,433	JPY	7,396,688,000	Goldman Sachs	9/4/2024		130,937
USD	139,824,517	EUR	128,514,000	JPMorgan Chase Bank	10/2/2024		335,863
Total unrealized appreciation							7,578,683
USD	43,895,830	GBP	34,579,000	Goldman Sachs	9/4/2024		(572,009	)
USD	45,006,069	GBP	35,376,000	JPMorgan Chase Bank	10/2/2024		(495,588	)
USD	127,975,615	EUR	118,916,000	UBS AG	11/6/2024		(1,327,555	)
USD	131,935,835	EUR	121,298,000	Bank of New York Mellon	12/4/2024		(133,897	)
Total unrealized depreciation							(2,529,049	)
Net unrealized appreciation						$	5,049,634

Abbreviations
ADR	American Depositary Receipt
EUR	Euro
GBP	British Pound
JPY	Japanese Yen
NVDR	Non-Voting Depositary Receipt
OYJ	Public Limited 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
SGD	Singapore Dollar
USD	United States Dollar

See Notes to Consolidated Schedule of Investments. (Continued)

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

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		1.7	%
Automobile Components		0.7
Banks		3.1
Beverages		5.7
Broadline Retail		2.9
Chemicals		3.4
Commercial Services & Supplies		2.3
Commodities		10.4
Consumer Staples Distribution & Retail		0.1
Electrical Equipment		2.1
Electronic Equipment,Instruments & Components		1.1
Entertainment		0.6
Financial Services		5.3
Food Products		5.1
Foreign Government Securities		0.6
Health Care Equipment & Supplies		0.8
Health Care Providers & Services		0.5
Hotels, Restaurants & Leisure		0.5
Household Durables		1.4
Household Products		2.6
Industrial Conglomerates		2.3
Insurance		6.9
Interactive Media & Services		0.6
IT Services		0.4
Leisure Products		1.4
Machinery		6.0
Metals & Mining		5.0
Office REITs		0.3
Oil, Gas & Consumable Fuels		6.4
Personal Care Products		3.7
Pharmaceuticals		2.8
Real Estate Management & Development		2.0
Semiconductors & Semiconductor Equipment		1.8
Specialized REITs		0.3
Specialty Retail		0.2
Technology Hardware, Storage & Peripherals		0.9
Textiles, Apparel & Luxury Goods		2.3
Tobacco		3.6
Trading Companies & Distributors		0.3
Short-Term Investments		2.0
Total Investments		100.1	%

See Notes to Consolidated Schedule of Investments. (Continued)

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

Affiliated Securities

Security Description	Shares at July 31, 2024		Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales			Net Realized Gains (Loss)		Change in Unrealized Appreciation/ Depreciation			Market Value July 31, 2024		Dividend Income
Common Stocks 3.6%
Belgium 0.2%
Legris Industries SA*‡(a)(b)		905,366	$	15,384,962	$	—	$	—		$	—	$	6,867,031		$	22,251,993	$	—
Chile 0.8%
Cia Cervecerias Unidas SA, ADR		9,392,572		105,666,435		—		—			—		(2,535,994	)		103,130,441		2,390,913
France 0.6%
Laurent-Perrier		558,938		69,786,652		—		—			—		2,500,171			72,286,823		1,087,248
Japan 0.6%
Daiichikosho Co. Ltd.		5,732,560		84,735,608		—		—			—		(15,544,188	)		69,191,420		986,092
Singapore 1.2%
Haw Par Corp. Ltd.		19,436,313		135,861,236		—		(78,442	)		31,779		15,945,176			151,759,749		2,882,350
South Korea 0.2%
Fursys,Inc.		872,463		18,766,466		—		—			—		9,108,998			27,875,464		632,116
Total Common Stocks				430,201,359		—		(78,442	)		31,779		16,341,194			446,495,890		7,978,719
Total			$	430,201,359	$	—	$	(78,442	)	$	31,779	$	16,341,194		$	446,495,890	$	7,978,719

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Security fair valued as of  July 31, 2024 by the Adviser as "valuation designee" under the oversight of the Fund's Board of Trustees. Total value of all such securities at July 31, 2024 amounted to $22,251,993, which represents approximately 0.18% of net assets of the Fund.
(b)	Represents a security that is subject to legal or contractual restrictions on resale. The Fund generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended, or the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be ''restricted securities'' under the Securities Act. Total value of all such securities at July 31, 2024 amounted to $22,251,993, which represents approximately 0.18% of net assets of the Fund.

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 77.4%
Air Freight & Logistics - 3.3%
CH Robinson Worldwide, Inc.		362,126		32,247,320
Expeditors International of Washington, Inc.		98,323		12,272,677
				44,519,997
Banks - 1.1%
US Bancorp		330,658		14,839,931
Capital Markets - 3.5%
Bank of New York Mellon Corp. (The)		589,455		38,355,837
Charles Schwab Corp. (The)		143,493		9,354,308
				47,710,145
Chemicals - 1.2%
Nutrien Ltd. (Canada)		158,929		8,137,165
PPG Industries, Inc.		37,210		4,724,925
RPM International, Inc.		30,241		3,673,072
				16,535,162
Consumer Finance - 1.5%
American Express Co.		78,997		19,989,401
Electronic Equipment, Instruments & Components - 1.1%
IPG Photonics Corp.*		186,242		14,973,857
Energy Equipment & Services - 3.6%
Noble Corp. plc		73,511		3,471,189
NOV, Inc.		1,034,361		21,535,396
Schlumberger NV		486,530		23,494,534
				48,501,119
Entertainment - 0.7%
Walt Disney Co. (The)		109,127		10,224,109
Financial Services - 1.5%
Berkshire Hathaway, Inc., Class A*		32		21,094,747
Food Products - 0.7%
Kraft Heinz Co. (The)		262,298		9,235,513
Gas Utilities - 0.1%
UGI Corp.		71,525		1,772,389
Health Care Equipment & Supplies - 3.8%
Becton Dickinson & Co.		76,260		18,383,236
Dentsply Sirona, Inc.		503,680		13,669,875
Medtronic plc		246,406		19,791,330
				51,844,441
Health Care Providers & Services - 10.3%
Elevance Health, Inc.		76,733		40,824,258
HCA Healthcare, Inc.		157,427		57,153,872
UnitedHealth Group, Inc.		10,154		5,850,329
Universal Health Services, Inc., Class B		170,425		36,430,048
				140,258,507
Household Products - 2.7%
Colgate-Palmolive Co.		365,303		36,234,405
Insurance - 3.4%
Brown & Brown, Inc.		85,039		8,455,428
Fidelity National Financial, Inc.		158,855		8,802,155
Willis Towers Watson plc		104,185		29,409,342
				46,666,925
Interactive Media & Services - 7.3%
Alphabet, Inc., Class A		126,759		21,744,239
Alphabet, Inc., Class C		188,322		32,607,954
Meta Platforms, Inc., Class A		95,714		45,447,879
				99,800,072
Life Sciences Tools & Services - 0.5%
Bio-Rad Laboratories, Inc., Class A*		19,277		6,522,566
Machinery - 3.6%
Cummins, Inc.		73,903		21,564,896
Deere & Co.		20,543		7,641,585
Flowserve Corp.		378,708		19,143,689
				48,350,170
Media - 3.1%
Charter Communications, Inc., Class A*		9,493		3,604,682
Comcast Corp., Class A		920,308		37,981,111
				41,585,793
Metals & Mining - 3.0%
Agnico Eagle Mines Ltd. (Canada)		82,024		6,328,915
Barrick Gold Corp. (Canada)		619,890		11,474,164
Franco-Nevada Corp. (Canada)		31,259		4,028,248
Newmont Corp.		278,379		13,660,058
Royal Gold, Inc.		38,764		5,354,084
				40,845,469
Office REITs - 1.0%
BXP, Inc., REIT		102,688		7,322,681
Douglas Emmett, Inc., REIT		359,380		5,782,424
				13,105,105
Oil, Gas & Consumable Fuels - 3.3%
Exxon Mobil Corp.		317,531		37,656,001
ONEOK, Inc.		88,869		7,405,454
				45,061,455
Residential REITs - 1.5%
Equity Residential, REIT		296,839		20,668,900
Semiconductors & Semiconductor Equipment - 4.3%
Analog Devices, Inc.		132,445		30,645,124
Texas Instruments, Inc.		137,787		28,082,369
				58,727,493
Software - 6.1%
Microsoft Corp.		22,886		9,574,358

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
Oracle Corp.		376,864		52,553,685
Salesforce, Inc.		80,777		20,905,087
				83,033,130
Specialized REITs - 1.4%
Extra Space Storage, Inc., REIT		42,904		6,848,336
Weyerhaeuser Co., REIT		401,701		12,758,024
				19,606,360
Specialty Retail - 0.5%
Ross Stores, Inc.		46,793		6,702,161
Tobacco - 3.3%
Philip Morris International, Inc.		390,627		44,984,605
TOTAL COMMON STOCKS (Cost $550,061,863)				1,053,393,927

Investments	Ounces		Value ($)
COMMODITIES - 11.9%
Gold bullion* (Cost $70,602,215)		66,311		162,416,352

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 1.5%
Oil, Gas & Consumable Fuels - 1.5%
Enterprise Products Partners LP (Cost $14,041,160)		685,243		19,776,113

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 0.9%
Banks - 0.1%
Manufacturers & Traders Trust Co.
4.65%, 1/27/2026		1,205,000		1,193,848
Financial Services - 0.2%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028 ‡ (a)(b)		2,892,400		2,653,614
Health Care Equipment & Supplies - 0.2%
Bausch & Lomb, Inc.
7.13%, 8/1/2028‡		600,000		552,000
Embecta Corp.
5.00%, 2/15/2030 (b)		3,000,000		2,569,730
				3,121,730
Oil, Gas & Consumable Fuels - 0.4%
Enterprise Products Operating LLC
Series E, 5.25%, 8/16/2077		2,600,000		2,510,236
5.38%, 2/15/2078		2,750,000		2,598,403
				5,108,639
TOTAL CORPORATE BONDS (Cost $11,811,056)				12,077,831
CONVERTIBLE PREFERRED STOCKS - 0.4%
Banks - 0.4%
Bank of America Corp.
Series L, 7.25%, (c) (Cost $5,693,463)		4,250		5,087,293
SHORT-TERM INVESTMENTS - 7.9%
COMMERCIAL PAPER - 5.5%
AES Corp. (The)
5.85%, 8/1/2024 (d)		15,191,000		15,188,537
Amphenol Corp.
5.34%, 8/1/2024 (b)(d)		4,220,000		4,219,376
Entergy Corp.
5.40%, 8/1/2024 (b)(d)		5,486,000		5,485,178
General Motors Financial Co., Inc.
5.43%, 8/1/2024 (b)(d)		16,643,000		16,640,494
Honeywell International, Inc.
5.40%, 12/9/2024 (b)(d)		10,000,000		9,811,730
PepsiCo, Inc.
5.37%, 9/16/2024 (d)		10,000,000		9,931,254
Sysco Corp.
5.40%, 8/1/2024 (b)(d)		3,376,000		3,375,497
UnitedHealth Group, Inc.
5.37%, 8/1/2024 (d)		10,000,000		9,998,524
TOTAL COMMERCIAL PAPER (Cost $74,658,100)				74,650,590

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (e)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (f)
(Cost $35,652)		35,652		35,652

See Notes to Consolidated Schedule of Investments. (Continued)

First Eagle U.S. Value Fund

Consolidated Schedule of Investments

July 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
U.S. TREASURY OBLIGATIONS - 2.4%
U.S. Treasury Bills
5.22%, 8/15/2024 (d)		5,000,000		4,989,762
5.22%, 9/5/2024 (d)		5,000,000		4,974,348
5.24%, 9/19/2024 (d)		9,100,000		9,035,007
5.20%, 11/14/2024 (d)		9,000,000		8,866,344
5.28%, 12/5/2024 (d)		5,000,000		4,911,908
TOTAL U.S. TREASURY OBLIGATIONS (Cost $32,777,759)				32,777,369
TOTAL SHORT-TERM INVESTMENTS (Cost $107,471,511)				107,463,611
Total Investments - 100.0%  (Cost $759,681,268)				1,360,215,127
Other assets less liabilities - 0.0% (e)				449,825
Net Assets - 100.0%				1,360,664,952

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	Represents a security that is subject to legal or contractual restrictions on resale. The Fund generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended, or the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be ''restricted securities'' under the Securities Act. Total value of all such securities at July 31, 2024 amounted to $2,653,614, which represents approximately 0.20% of net assets of the Fund.

Restricted Securities	Acquisition Date	Cost		Carrying Value Per Share/Principal
Mexico Remittances Funding Fiduciary Estate Management Sarl	06/03/22-07/15/22	$	2,554,315	$	91.74

(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 July 31, 2024 amounted to $44,755,619, which represents approximately 3.29% of net assets of the Fund.
(c)	Perpetual security. The rate reflected was the rate in effect on July 31, 2024. The maturity date reflects the next call date.
(d)	The rate shown was the current yield as of July 31, 2024.
(e)	Represents less than 0.05% of net assets.
(f)	Represents 7-day effective yield as of July 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

July 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Air Freight & Logistics		3.3	%
Banks		1.6
Capital Markets		3.5
Chemicals		1.2
Commodities		11.9
Consumer Finance		1.5
Electronic Equipment, Instruments & Components		1.1
Energy Equipment & Services		3.6
Entertainment		0.7
Financial Services		1.7
Food Products		0.7
Gas Utilities		0.1
Health Care Equipment & Supplies		4.0
Health Care Providers & Services		10.3
Household Products		2.7
Insurance		3.4
Interactive Media & Services		7.3
Life Sciences Tools & Services		0.5
Machinery		3.6
Media		3.1
Metals & Mining		3.0
Office REITs		1.0
Oil, Gas & Consumable Fuels		5.2
Residential REITs		1.5
Semiconductors & Semiconductor Equipment		4.3
Software		6.1
Specialized REITs		1.4
Specialty Retail		0.5
Tobacco		3.3
Short-Term Investments		7.9
Total Investments		100.0	%

See Notes to Consolidated Schedule of Investments. (Continued)

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

Investments	Shares		Value ($)
COMMON STOCKS - 79.1%
Australia - 4.7%
Northern Star Resources Ltd.		13,228,483		122,775,326
Canada - 57.4%
Agnico Eagle Mines Ltd.		1,793,824		138,410,220
Alamos Gold, Inc., Class A		7,340,172		125,096,329
B2Gold Corp.		17,553,298		52,635,102
Barrick Gold Corp.		16,161,427		299,148,014
Dundee Precious Metals, Inc. (a)		14,672,108		124,016,587
Franco-Nevada Corp.		933,486		120,295,389
G Mining Ventures Corp.		1,941,626		13,627,173
Kinross Gold Corp.		3,900,000		35,334,000
MAG Silver Corp.*		5,137,579		70,366,580
Novagold Resources, Inc.* (a)		23,427,501		111,983,455
Orla Mining Ltd.*		7,840,941		29,190,915
Wheaton Precious Metals Corp.		6,361,144		380,141,965
				1,500,245,729
Mexico - 1.2%
Fresnillo plc		1,477,558		11,196,817
Industrias Penoles SAB de CV*		1,403,600		20,505,171
				31,701,988
South Africa - 4.5%
Gold Fields Ltd., ADR		6,827,329		117,156,966
United Kingdom - 1.9%
Anglogold Ashanti plc		1,766,965		49,616,377
United States - 9.4%
Newmont Corp.		2,473,906		121,394,568
Royal Gold, Inc.		891,278		123,103,317
				244,497,885
TOTAL COMMON STOCKS (Cost $1,242,426,138)				2,065,994,271

Investments	Ounces		Value ($)
COMMODITIES - 18.0%
Gold bullion*		157,286		385,242,951
Silver bullion*		2,922,438		84,523,325
TOTAL COMMODITIES (Cost $345,752,669)				469,766,276

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		3,102,026

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 2.8%
COMMERCIAL PAPER - 2.8%
AES Corp. (The)
5.85%, 8/1/2024 (b)		25,276,000		25,271,903
Amphenol Corp.
5.34%, 8/1/2024 (b)(c)		7,021,000		7,019,962
Entergy Corp.
5.40%, 8/1/2024 (b)(c)		9,127,000		9,125,633
General Motors Financial Co., Inc.
5.43%, 8/1/2024 (b)(c)		27,691,000		27,686,830
Sysco Corp.
5.40%, 8/1/2024 (b)(c)		5,617,000		5,616,162
TOTAL COMMERCIAL PAPER (Cost $74,732,000)				74,720,490

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (d)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (e) (Cost $62,564)		62,564		62,564
TOTAL SHORT-TERM INVESTMENTS (Cost $74,794,564)				74,783,054
Total Investments - 100.0%  (Cost $1,708,947,086)				2,613,645,627
Liabilities in excess of other assets - 0.0% (d)				(732,866	)
Net Assets - 100.0%				2,612,912,761

*	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 July 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 July 31, 2024 amounted to $49,448,587, which represents approximately 1.89% of net assets of the Fund.
(d)	Represents less than 0.05% of net assets.
(e)	Represents 7-day effective yield as of July 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
July 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Commodities		18.0	%
Metals & Mining		79.2
Short-Term Investments		2.8
Total Investments		100.0	%

See Notes to Consolidated Schedule of Investments. (Continued)

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

Affiliated Securities

Security Description	Shares at July 31, 2024		Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales			Net Realized Gains (Loss)			Change in Unrealized Appreciation/ Depreciation		Market Value July 31, 2024		Dividend Income
Common Stocks 11.7%
Canada 11.7%
Dundee Precious Metals, Inc.		14,672,108	$	93,341,751	$	6,655,129	$	(4,360,052	)	$	846,401		$	27,533,358	$	124,016,587	$	1,547,729
MAG Silver Corp.*^		5,137,579		54,322,011		6,687,094		(11,382,104	)		(2,304,442	)		23,044,021		70,366,580		—
Novagold Resources, Inc.*		23,427,501		62,447,299		23,708,098		—			—			25,828,058		111,983,455		—
Total Common Stocks				210,111,061		37,050,321		(15,742,156	)		(1,458,041	)		76,405,437		306,366,622		1,547,729
Total			$	210,111,061	$	37,050,321	$	(15,742,156	)	$	(1,458,041	)	$	76,405,437	$	306,366,622	$	1,547,729

*	Non-income producing security.
^	Represents an unaffiliated issuer as of July 31, 2024.

See Notes to Consolidated Schedule of Investments. (Continued)

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

Investments	Shares		Value ($)
COMMON STOCKS - 63.3%
Brazil - 1.5%
Ambev SA, ADR		8,439,962		17,386,322
Itausa SA (Preference)		4,565,824		8,209,547
				25,595,869
Canada - 4.5%
Agnico Eagle Mines Ltd.		16,806		1,296,739
Barrick Gold Corp.		90,496		1,675,081
Franco-Nevada Corp.		42,649		5,496,042
Franco-Nevada Corp.		32,962		4,250,779
Imperial Oil Ltd.		238,922		17,116,413
Nutrien Ltd.		87,298		4,469,658
Power Corp. of Canada		883,284		25,564,791
Wheaton Precious Metals Corp. (a)		281,516		16,823,396
				76,692,899
Chile - 1.3%
Cia Cervecerias Unidas SA, ADR		1,327,830		14,579,573
Quinenco SA		2,083,758		7,260,936
				21,840,509
Finland - 0.1%
Kesko OYJ, Class B		97,249		1,759,109
France - 1.7%
Danone SA		101,186		6,573,559
Sanofi SA		161,273		16,626,042
Sodexo SA		38,666		3,661,955
Wendel SE		19,995		1,915,752
				28,777,308
Germany - 1.1%
FUCHS SE (Preference)		341,114		14,821,797
Henkel AG & Co. KGaA (Preference)		56,692		4,849,538
				19,671,335
Hong Kong - 2.9%
CK Asset Holdings Ltd.		2,483,000		9,487,720
Great Eagle Holdings Ltd.		675,644		918,977
Hongkong Land Holdings Ltd.		3,179,200		10,267,588
Jardine Matheson Holdings Ltd.		770,800		27,154,484
Mandarin Oriental International Ltd.		1,047,200		1,727,880
				49,556,649
Japan - 3.0%
FANUC Corp.		294,600		8,733,940
MS&AD Insurance Group Holdings, Inc.		250,100		5,895,994
Nagaileben Co. Ltd.		22,700		407,395
Nohmi Bosai Ltd.		70,300		1,161,170
Secom Co. Ltd.		176,700		11,282,781
Shimano, Inc.		91,300		16,197,001
Sompo Holdings, Inc.		204,800		4,669,833
USS Co. Ltd.		429,800		3,876,585
				52,224,699
Mexico - 2.7%
Coca-Cola Femsa SAB de CV, ADR (a)		179,026		16,189,321
Fomento Economico Mexicano SAB de CV, ADR (a)		153,196		16,889,859
GMexico Transportes SAB de CV  (b)		1,116,309		2,170,185
Grupo Mexico SAB de CV, Series B		2,026,562		11,421,234
				46,670,599
Netherlands - 0.8%
HAL Trust		40,521		5,005,862
Heineken Holding NV		114,835		8,462,246
				13,468,108
Norway - 0.9%
Orkla ASA		1,929,729		16,285,934
Singapore - 0.7%
United Overseas Bank Ltd.		386,000		9,359,992
UOL Group Ltd.		764,200		3,087,611
				12,447,603
South Korea - 2.3%
KT&G Corp.		419,335		28,586,845
Samsung Electronics Co. Ltd. (Preference)		227,622		10,836,365
				39,423,210
Sweden - 0.6%
Svenska Handelsbanken AB, Class A		996,753		10,061,097
Switzerland - 4.6%
Cie Financiere Richemont SA (Registered)		168,707		25,733,110
Nestle SA (Registered)		350,514		35,504,493
Schindler Holding AG		61,668		16,505,699
Schindler Holding AG (Registered)		7,544		1,980,599
				79,723,901
Taiwan - 0.5%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (a)		47,844		7,932,535
Thailand - 0.7%
Bangkok Bank PCL, NVDR		1,467,900		5,643,610
Thai Beverage PCL		17,954,100		6,779,978
				12,423,588
United Kingdom - 10.0%
BAE Systems plc		807,624		13,469,645
Berkeley Group Holdings plc		222,665		14,536,106
British American Tobacco plc		1,195,354		42,412,394
Diageo plc		190,079		5,914,305
Great Portland Estates plc, REIT		523,564		2,362,524
Haleon plc		4,109,584		18,433,140
Lloyds Banking Group plc		11,546,087		8,820,635
Reckitt Benckiser Group plc		239,281		12,871,798
Unilever plc		871,901		53,416,859
				172,237,406
United States - 23.4%
Analog Devices, Inc. (a)		64,448		14,911,978
Bank of New York Mellon Corp. (The) (a)		258,634		16,829,314

See Notes to Schedule of Investments. (Continued)

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

Investments	Shares		Value ($)
Becton Dickinson & Co.		84,288		20,318,465
BXP, Inc., REIT (a)		125,907		8,978,428
CH Robinson Worldwide, Inc. (a)		150,984		13,445,125
Colgate-Palmolive Co. (a)		287,438		28,510,975
Comcast Corp., Class A (a)		541,473		22,346,591
Douglas Emmett, Inc., REIT		366,396		5,895,312
Elevance Health, Inc. (a)		17,617		9,372,773
Equity Residential, REIT (a)		345,193		24,035,789
Exxon Mobil Corp. (a)		395,470		46,898,787
Fidelity National Financial, Inc.		84,603		4,687,852
Fidelity National Information Services, Inc. (a)		51,600		3,964,428
General Dynamics Corp. (a)		7,297		2,179,687
HCA Healthcare, Inc. (a)		75,005		27,230,565
IDACORP, Inc.		62,953		6,153,656
Kraft Heinz Co. (The)		133,886		4,714,126
Linde plc		53		24,036
Medtronic plc (a)		233,926		18,788,936
ONEOK, Inc. (a)		126,214		10,517,413
Oracle Corp. (a)		29,638		4,133,019
Philip Morris International, Inc. (a)		366,592		42,216,735
Royal Gold, Inc.		90,423		12,489,225
Schlumberger NV		153,224		7,399,187
Texas Instruments, Inc. (a)		121,579		24,779,016
Truist Financial Corp.		44		1,966
UGI Corp.		27,556		682,838
Universal Health Services, Inc., Class B		19,258		4,116,590
US Bancorp (a)		326,193		14,639,542
Weyerhaeuser Co., REIT		129,131		4,101,201
				404,363,555
TOTAL COMMON STOCKS (Cost $920,192,329)				1,091,155,913

Investments	Principal Amount ($)		Value ($)
CORPORATE BONDS - 11.4%
Australia - 0.2%
Coronado Finance Pty. Ltd.
10.75%, 5/15/2026 (c)		1,459,000		1,511,705
Nufarm Australia Ltd.
5.00%, 1/27/2030 (c)		2,595,000		2,386,992
				3,898,697
Canada - 0.8%
TransCanada PipeLines Ltd.
(United States SOFR Compounded Index + 1.52%), 6.91%, 3/9/2026   (d)		4,400,000		4,402,815
Transcanada Trust
Series 16-A, 5.88%, 8/15/2076		9,142,000		8,934,892
				13,337,707
Germany - 0.3%
IHO Verwaltungs GmbH
4.75%, (4.75% Cash or 5.50% PIK), 9/15/2026 (c)(e)		3,879,000		3,782,195
6.00%, (6.00% Cash or 6.75% PIK), 5/15/2027 (c)(e)		1,336,632		1,325,986
				5,108,181
Mexico - 0.6%
Mexico Remittances Funding Fiduciary Estate Management Sarl
4.88%, 1/15/2028‡ (c)(f)		11,046,000		10,134,082
Poland - 0.1%
Canpack SA
3.13%, 11/1/2025 (c)		420,000		403,930
3.88%, 11/15/2029 (c)		1,000,000		897,367
				1,301,297
United Kingdom - 0.1%
BAT Capital Corp.
3.22%, 9/6/2026		2,425,000		2,343,318
United States - 9.3%
ACCO Brands Corp.
4.25%, 3/15/2029 (c)		6,858,000		6,243,684
American Airlines, Inc.
5.50%, 4/20/2026 (c)		2,489,572		2,472,902
5.75%, 4/20/2029 (c)		502,000		490,557
AMN Healthcare, Inc.
4.63%, 10/1/2027 (c)		2,959,000		2,842,467
Aramark Services, Inc.
5.00%, 2/1/2028 (c)		1,800,000		1,758,096
Ball Corp.
6.88%, 3/15/2028		4,152,000		4,269,074
Bank of New York Mellon Corp. (The)
Series I, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 2.63%), 3.75%, 12/20/2026  (d)(g)		9,889,000		9,125,336
Boston Properties LP
REIT, 3.20%, 1/15/2025		1,817,000		1,795,228
Carnival Corp.
4.00%, 8/1/2028 (c)		1,206,000		1,141,067
CCO Holdings LLC
5.13%, 5/1/2027 (c)		1,807,000		1,755,075
5.38%, 6/1/2029 (c)		1,900,000		1,776,233
6.38%, 9/1/2029 (c)		1,835,000		1,786,674
Centene Corp.
4.25%, 12/15/2027		3,573,000		3,459,369
4.63%, 12/15/2029		450,000		433,107
Charles River Laboratories International, Inc.
4.25%, 5/1/2028 (c)		2,282,000		2,173,606

See Notes to Schedule of Investments. (Continued)

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

Investments	Principal Amount ($)		Value ($)
3.75%, 3/15/2029 (c)		1,522,000		1,407,970
Charter Communications Operating LLC
4.20%, 3/15/2028		1,850,000		1,778,716
CITGO Petroleum Corp.
7.00%, 6/15/2025 (c)		9,457,000		9,450,908
6.38%, 6/15/2026 (c)		4,182,000		4,182,167
Crown Americas LLC
4.75%, 2/1/2026		875,000		861,616
5.25%, 4/1/2030		900,000		881,444
Edgewell Personal Care Co.
5.50%, 6/1/2028 (c)		1,770,000		1,735,104
4.13%, 4/1/2029 (c)		1,557,000		1,448,840
Embecta Corp.
5.00%, 2/15/2030 (c)		4,893,000		4,191,230
6.75%, 2/15/2030 (c)		2,292,000		2,043,683
Enterprise Products Operating LLC
Series E, 5.25%, 8/16/2077		4,500,000		4,344,640
Fair Isaac Corp.
5.25%, 5/15/2026 (c)		1,715,000		1,705,668
4.00%, 6/15/2028 (c)		2,764,000		2,600,618
GE HealthCare Technologies, Inc.
5.60%, 11/15/2025		2,525,000		2,539,571
HCA, Inc.
5.38%, 2/1/2025		8,401,000		8,385,252
5.88%, 2/15/2026		3,449,000		3,470,542
3.50%, 9/1/2030		2,788,000		2,572,137
Iron Mountain, Inc.
REIT, 4.88%, 9/15/2027 (c)		3,609,000		3,524,026
REIT, 5.25%, 3/15/2028 (c)		1,005,000		984,666
REIT, 5.00%, 7/15/2028 (c)		1,596,000		1,547,154
REIT, 4.88%, 9/15/2029 (c)		1,322,000		1,263,109
JPMorgan Chase & Co.
2.60%, 2/24/2026		1,750,000		1,723,218
KeyBank NA
4.15%, 8/8/2025		2,575,000		2,541,661
KFC Holding Co.
4.75%, 6/1/2027 (c)		2,322,000		2,272,353
Kraft Heinz Foods Co.
3.00%, 6/1/2026		1,800,000		1,744,520
Laboratory Corp. of America Holdings
3.60%, 2/1/2025		2,625,000		2,597,017
Lamb Weston Holdings, Inc.
4.13%, 1/31/2030 (c)		2,583,000		2,357,998
Manufacturers & Traders Trust Co.
4.65%, 1/27/2026		3,480,000		3,447,793
4.70%, 1/27/2028		3,825,000		3,764,255
Mellon Capital IV
Series 1, (CME Term SOFR 3 Month + 0.83%, 4.00% Floor), 6.17%, 8/30/2024 (d)(g)		2,125,000		1,844,722
Mileage Plus Holdings LLC
6.50%, 6/20/2027 (c)		3,263,739		3,292,741
MSCI, Inc.
4.00%, 11/15/2029 (c)		4,725,000		4,475,983
PRA Group, Inc.
7.38%, 9/1/2025 (c)		2,123,000		2,121,216
Roller Bearing Co. of America, Inc.
4.38%, 10/15/2029 (c)		4,405,000		4,112,033
Service Corp. International
4.63%, 12/15/2027		1,749,000		1,700,338
5.13%, 6/1/2029		857,000		839,875
Teleflex, Inc.
4.63%, 11/15/2027		2,919,000		2,838,757
4.25%, 6/1/2028 (c)		782,000		742,834
Truist Financial Corp.
Series N, (US Treasury Yield Curve Rate T Note Constant Maturity 5 Year + 3.00%), 4.80%, 9/1/2024‡ (d)(g)		14,157,000		13,944,709
WESCO Distribution, Inc.
7.25%, 6/15/2028 (c)		2,136,000		2,188,848
				160,992,407
TOTAL CORPORATE BONDS (Cost $196,292,296)				197,115,689
U.S. TREASURY OBLIGATIONS - 10.1%
U.S. Treasury Bonds
6.63%, 2/15/2027		7,350,000		7,815,692
6.13%, 11/15/2027		21,467,400		22,872,005
U.S. Treasury Inflation Linked Notes
0.38%, 7/15/2025		13,375,000		17,286,469
0.13%, 4/15/2027		14,230,800		15,007,021
1.25%, 4/15/2028		13,225,000		13,526,213
U.S. Treasury Notes
1.75%, 12/31/2024		17,647,000		17,398,839
1.75%, 3/15/2025		12,430,000		12,188,319
2.75%, 6/30/2025		17,750,000		17,431,609
0.38%, 12/31/2025		21,807,700		20,581,869
1.75%, 12/31/2026		12,960,000		12,249,731
4.63%, 9/30/2028		3,350,000		3,432,965
3.38%, 5/15/2033		12,050,000		11,461,621

See Notes to Schedule of Investments. (Continued)

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

Investments	Principal Amount ($)		Value ($)
3.88%, 8/15/2033 (h)		2,700,000		2,664,563
TOTAL U.S. TREASURY OBLIGATIONS (Cost 174,853,928)				173,916,916

Investments	Ounces		Value ($)
COMMODITIES - 7.4%
Gold bullion*
(Cost $64,357,110)		52,290		128,074,711

Investments	Shares		Value ($)
PREFERRED STOCKS - 1.7%
United States - 1.7%
Charles Schwab Corp. (The)
Series D,  5.95%, (g)		46,239		1,153,201
MetLife, Inc.
Series A, (SOFR + 1.00%, 4.00% Floor),  6.60%, (d)(g)		128,986		3,103,403
Northern Trust Corp.
Series E,  4.70%, (g)		135,349		2,778,715
State Street Corp.
Series G,  5.35%, (g)		100,371		2,446,041
Truist Financial Corp.
Series R,  4.75%, (g)		499,123		9,997,434
US Bancorp
Series A, (CME Term SOFR 3 Month + 1.28%),  6.58%, (d)(g)		5,200		4,440,800
Series B, (CME Term SOFR 3 Month + 0.86%, 1.02% Floor),  6.16%, (d)(g)		213,750		4,653,337
TOTAL PREFERRED STOCKS (Cost 30,138,537)				28,572,931

Investments	Principal Amount ($)		Value ($)
FOREIGN GOVERNMENT SECURITIES - 1.5%
Brazil - 0.3%
Federative Republic of Brazil
6.25%, 3/18/2031		850,000		857,348
Notas do Tesouro Nacional
10.00%, 1/1/2025	BRL	24,000,000		4,227,993
10.00%, 1/1/2027	BRL	5,000,000		853,688
				5,939,029
Canada - 0.1%
Province of Quebec
2.50%, 4/20/2026		893,000		863,484
Colombia - 0.2%
Republic of Colombia
3.00%, 1/30/2030		4,290,000		3,573,462
Italy - 0.3%
Republic of Italy
2.38%, 10/17/2024		5,300,000		5,262,884
Mexico - 0.2%
Mex Bonos Desarr Fix Rt
Series M, 5.75%, 3/5/2026	MXN	55,300,000		2,758,648
Romania - 0.1%
Romania Government Bond
6.63%, 2/17/2028 (c)		2,450,000		2,530,654
Saudi Arabia - 0.2%
Kingdom of Saudi Arabia
4.75%, 1/18/2028 (c)		2,600,000		2,595,169
Singapore - 0.1%
Republic of Singapore
1.25%, 11/1/2026	SGD	2,492,000		1,796,153
TOTAL FOREIGN GOVERNMENT SECURITIES (Cost 26,214,754)				25,319,483
CONVERTIBLE PREFERRED STOCKS - 1.5%
United States - 1.5%
Bank of America Corp.
Series L, 7.25%, (g)		10,496		12,563,817
Wells Fargo & Co.
Series L, 7.50%, (g)		11,123		13,378,188
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $30,438,618)				25,942,005
Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 1.0%
United States - 1.0%
Enterprise Products Partners LP (Cost $11,024,328)		612,186		17,667,688

See Notes to Schedule of Investments. (Continued)

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

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 $3,330,332)		3,342,078		3,380,255
MUNICIPAL BONDS - 0.2%
New York 0.2%
Oneida Indian Nation of New York,
Revenue, Series 2024 A, 8.00%, 09/01/2040 (c) (Cost $2,933,560)		3,000,000		3,016,083
LOAN ASSIGNMENTS - 0.1%
United States - 0.1%
Aramark Services, Inc., Term B-7 Loan - First Lien
(SOFR 1 month + 2.00%), 7.34%, 4/6/2028 (d) (Cost $2,500,000)		2,500,000		2,509,688
SHORT-TERM INVESTMENTS - 0.9%
COMMERCIAL PAPER - 0.9%
AES Corp. (The)
5.85%, 8/1/2024 (i)		5,578,000		5,577,096
Amphenol Corp.
5.34%, 8/1/2024 (c)(i)		1,550,000		1,549,771
Entergy Corp.
5.40%, 8/1/2024 (c)(i)		2,014,000		2,013,698
General Motors Financial Co., Inc.
5.43%, 8/1/2024 (c)(i)		6,111,000		6,110,080
Sysco Corp.
5.40%, 8/1/2024 (c)(i)		1,240,000		1,239,815
TOTAL COMMERCIAL PAPER (Cost $16,493,000)				16,490,460

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (j)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (k) (Cost $4,934)		4,934		4,934
TOTAL SHORT-TERM INVESTMENTS (Cost $16,497,934)				16,495,394
Total Investments - 99.3% (Cost $1,478,773,726)				1,713,166,756
Other assets less liabilities - 0.7%				11,638,484
Net Assets - 100.0%				1,724,805,240

*	Non-income producing security.
‡	Value determined using significant unobservable inputs.
(a)	All or a portion of the security pledged as collateral for call options written.
(b)	Security exempt from registration pursuant to Regulation S under the Securities Act of 1933. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.
(c)	Securities exempt from registration under Rule 144A or section 4(a)(2) of the Securities Act of 1933. Total value of all such securities at July 31, 2024 amounted to $119,587,037, which represents approximately 6.93% of net assets of the Fund.
(d)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the rate in effect as of July 31, 2024.
(e)	Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed.
(f)	Represents a security that is subject to legal or contractual restrictions on resale. The Fund generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended, or the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be ''restricted securities'' under the Securities Act. Total value of all such securities at July 31, 2024 amounted to $10,134,082, which represents approximately 0.59% of net assets of the Fund.

Restricted Securities	Acquisition Date	Cost		Carrying Value Per Share/Principal
Mexico Remittances Funding Fiduciary Estate Management Sarl	01/12/21 - 08/23/23	$	10,675,812	$	91.74

(g) Perpetual security. The rate reflected was the rate in effect on July 31, 2024. The maturity date reflects the next call date.

(h)	All or a portion of this security is pledged with the custodian for current or potential holdings of forward foreign currency exchange contracts.
(i)	The rate shown was the current yield as of July 31, 2024.
(j)	Represents less than 0.05% of net assets.
(k)	Represents 7-day effective yield as of July 31, 2024.

See Notes to Schedule of Investments. (Continued)

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

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

Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation (Depreciation)
EUR	5,491,000	USD	5,940,713	Bank of New York Mellon	8/7/2024	$	3,279
JPY	273,049,000	USD	1,771,148	Bank of New York Mellon	8/7/2024		52,896
USD	6,008,681	EUR	5,491,000	Bank of New York Mellon	8/7/2024		64,689
USD	1,866,316	JPY	273,049,000	Bank of New York Mellon	8/7/2024		42,272
JPY	221,611,000	USD	1,443,156	Goldman Sachs	9/4/2024		43,846
USD	7,801,207	EUR	7,142,000	Goldman Sachs	9/4/2024		59,209
USD	1,490,924	JPY	221,611,000	Goldman Sachs	9/4/2024		3,923
USD	7,688,967	EUR	7,067,000	JPMorgan Chase Bank	10/2/2024		18,469
Total unrealized appreciation							288,583
USD	3,127,910	GBP	2,465,000	Goldman Sachs	9/4/2024		(42,027	)
USD	3,745,417	GBP	2,944,000	JPMorgan Chase Bank	10/2/2024		(41,243	)
USD	6,980,136	EUR	6,486,000	UBS AG	11/6/2024		(72,408	)
USD	6,936,263	EUR	6,377,000	Bank of New York Mellon	12/4/2024		(7,039	)
Total unrealized depreciation							(162,717	)
Net unrealized appreciation						$	125,866

Abbreviations
ADR	American Depositary Receipt
BRL	Brazilian Real
EUR	Euro
Fix Rt	Fixed Rate
GBP	British Pound
JPY	Japanese Yen
MXN	Mexican Peso
NVDR	Non-Voting Depositary Receipt
PIK	Pay in Kind

See Notes to Schedule of Investments. (Continued)

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

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
July 31, 2024 (unaudited)

Written Call Options Contracts as of July 31, 2024:

Description	Counterparty	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value ($)
Analog Devices, Inc.	Exchange Traded	75	USD	(1,735,350	)	USD	260.00	9/20/2024		(15,000	)
Analog Devices, Inc.	Exchange Traded	75	USD	(1,735,350	)	USD	310.00	12/20/2024		(9,000	)
Analog Devices, Inc.	Exchange Traded	75	USD	(1,735,350	)	USD	320.00	12/20/2024		(6,000	)
Bank of New York Mellon Corp. (The)	Exchange Traded	702	USD	(4,567,914	)	USD	60.00	12/20/2024		(498,420	)
Bank of New York Mellon Corp. (The)	Exchange Traded	329	USD	(2,140,803	)	USD	62.50	12/20/2024		(174,370	)
Bank of New York Mellon Corp. (The)	Exchange Traded	330	USD	(2,147,310	)	USD	65.00	12/20/2024		(125,400	)
Bank of New York Mellon Corp. (The)	Exchange Traded	263	USD	(1,711,341	)	USD	75.00	12/20/2024		(17,095	)
Bank of New York Mellon Corp. (The)	Exchange Traded	311	USD	(2,023,677	)	USD	75.00	1/17/2025		(30,322	)
Bank of New York Mellon Corp. (The)	Exchange Traded	287	USD	(1,867,509	)	USD	80.00	1/17/2025		(12,915	)
BXP, Inc., REIT	Exchange Traded	286	USD	(2,039,466	)	USD	80.00	10/18/2024		(38,610	)
BXP, Inc., REIT	Exchange Traded	286	USD	(2,039,466	)	USD	90.00	1/17/2025		(39,325	)
BXP, Inc., REIT	Exchange Traded	250	USD	(1,782,750	)	USD	95.00	1/17/2025		(20,625	)
CH Robinson Worldwide, Inc.	Exchange Traded	195	USD	(1,736,475	)	USD	105.00	1/17/2025		(36,075	)
CH Robinson Worldwide, Inc.	Exchange Traded	195	USD	(1,736,475	)	USD	110.00	1/17/2025		(22,425	)
CH Robinson Worldwide, Inc.	Exchange Traded	204	USD	(1,816,620	)	USD	120.00	11/15/2024		(15,810	)
Coca-Cola Femsa SAB de CV, ADR	Exchange Traded	202	USD	(1,826,686	)	USD	100.00	11/15/2024		(41,915	)
Colgate-Palmolive Co.	Exchange Traded	143	USD	(1,418,417	)	USD	85.00	8/16/2024		(208,065	)
Colgate-Palmolive Co.	Exchange Traded	218	USD	(2,162,342	)	USD	97.50	8/16/2024		(53,410	)
Colgate-Palmolive Co.	Exchange Traded	205	USD	(2,033,395	)	USD	97.50	1/17/2025		(143,500	)
Colgate-Palmolive Co.	Exchange Traded	185	USD	(1,835,015	)	USD	100.00	8/16/2024		(15,725	)
Colgate-Palmolive Co.	Exchange Traded	354	USD	(3,511,326	)	USD	105.00	8/16/2024		(3,540	)
Colgate-Palmolive Co.	Exchange Traded	354	USD	(3,511,326	)	USD	110.00	11/15/2024		(21,240	)
Colgate-Palmolive Co.	Exchange Traded	185	USD	(1,835,015	)	USD	115.00	11/15/2024		(5,088	)
Comcast Corp., Class A	Exchange Traded	400	USD	(1,650,800	)	USD	65.00	1/17/2025		(2,000	)
Elevance Health, Inc.	Exchange Traded	31	USD	(1,649,293	)	USD	600.00	9/20/2024		(3,798	)
Elevance Health, Inc.	Exchange Traded	31	USD	(1,649,293	)	USD	600.00	12/20/2024		(28,675	)
Equity Residential, REIT	Exchange Traded	255	USD	(1,775,565	)	USD	75.00	10/18/2024		(18,487	)
Equity Residential, REIT	Exchange Traded	263	USD	(1,831,269	)	USD	75.00	11/15/2024		(30,902	)
Equity Residential, REIT	Exchange Traded	514	USD	(3,578,982	)	USD	80.00	11/15/2024		(20,560	)
Exxon Mobil Corp.	Exchange Traded	169	USD	(2,004,171	)	USD	125.00	12/20/2024		(73,515	)
Exxon Mobil Corp.	Exchange Traded	148	USD	(1,755,132	)	USD	135.00	8/16/2024		(444	)
Exxon Mobil Corp.	Exchange Traded	152	USD	(1,802,568	)	USD	140.00	9/20/2024		(1,216	)
Exxon Mobil Corp.	Exchange Traded	145	USD	(1,719,555	)	USD	145.00	8/16/2024		(1,450	)
Exxon Mobil Corp.	Exchange Traded	170	USD	(2,016,030	)	USD	145.00	12/20/2024		(9,690	)
Exxon Mobil Corp.	Exchange Traded	144	USD	(1,707,696	)	USD	150.00	9/20/2024		(792	)
Exxon Mobil Corp.	Exchange Traded	149	USD	(1,766,991	)	USD	150.00	10/18/2024		(1,341	)
Exxon Mobil Corp.	Exchange Traded	143	USD	(1,695,837	)	USD	150.00	12/20/2024		(5,005	)
Exxon Mobil Corp.	Exchange Traded	144	USD	(1,707,696	)	USD	155.00	10/18/2024		(4,320	)
Exxon Mobil Corp.	Exchange Traded	149	USD	(1,766,991	)	USD	155.00	12/20/2024		(2,831	)
Fidelity National Information Services, Inc.	Exchange Traded	516	USD	(3,964,428	)	USD	72.50	10/18/2024		(356,040	)
Fomento Economico Mexicano SAB de CV, ADR	Exchange Traded	145	USD	(1,598,625	)	USD	140.00	10/18/2024		(52,200	)
General Dynamics Corp.	Exchange Traded	72	USD	(2,150,712	)	USD	280.00	1/17/2025		(183,600	)
HCA Healthcare, Inc.	Exchange Traded	118	USD	(4,283,990	)	USD	330.00	9/20/2024		(448,990	)
HCA Healthcare, Inc.	Exchange Traded	66	USD	(2,396,130	)	USD	350.00	1/17/2025		(249,810	)
HCA Healthcare, Inc.	Exchange Traded	50	USD	(1,815,250	)	USD	370.00	9/20/2024		(54,250	)
HCA Healthcare, Inc.	Exchange Traded	52	USD	(1,887,860	)	USD	375.00	9/20/2024		(42,120	)
HCA Healthcare, Inc.	Exchange Traded	47	USD	(1,706,335	)	USD	390.00	10/18/2024		(30,080	)

See Notes to Schedule of Investments. (Continued)

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

Description	Counterparty	Number of Contracts	Notional Amount			Exercise Price		Expiration Date	Value ($)
HCA Healthcare, Inc.	Exchange Traded	47	USD	(1,706,335	)	USD	410.00	12/20/2024		(41,830	)
HCA Healthcare, Inc.	Exchange Traded	50	USD	(1,815,250	)	USD	415.00	12/20/2024		(42,500	)
HCA Healthcare, Inc.	Exchange Traded	50	USD	(1,815,250	)	USD	420.00	12/20/2024		(40,250	)
HCA Healthcare, Inc.	Exchange Traded	54	USD	(1,960,470	)	USD	450.00	1/17/2025		(25,920	)
Medtronic plc	Exchange Traded	204	USD	(1,638,528	)	USD	100.00	1/17/2025		(8,160	)
Medtronic plc	Exchange Traded	200	USD	(1,606,400	)	USD	105.00	1/17/2025		(13,400	)
Medtronic plc	Exchange Traded	200	USD	(1,606,400	)	USD	120.00	11/15/2024		(37,000	)
ONEOK, Inc.	Exchange Traded	487	USD	(4,058,171	)	USD	90.00	10/18/2024		(33,116	)
ONEOK, Inc.	Exchange Traded	217	USD	(1,808,261	)	USD	92.50	1/17/2025		(28,427	)
ONEOK, Inc.	Exchange Traded	210	USD	(1,749,930	)	USD	95.00	10/18/2024		(4,200	)
Oracle Corp.	Exchange Traded	134	USD	(1,868,630	)	USD	150.00	9/20/2024		(45,560	)
Philip Morris International, Inc.	Exchange Traded	508	USD	(5,850,128	)	USD	120.00	12/20/2024		(187,452	)
Philip Morris International, Inc.	Exchange Traded	187	USD	(2,153,492	)	USD	120.00	1/17/2025		(75,174	)
Philip Morris International, Inc.	Exchange Traded	168	USD	(1,934,688	)	USD	125.00	12/20/2024		(36,120	)
Philip Morris International, Inc.	Exchange Traded	150	USD	(1,727,400	)	USD	140.00	1/17/2025		(6,375	)
Philip Morris International, Inc.	Exchange Traded	142	USD	(1,635,272	)	USD	150.00	12/20/2024		(1,562	)
Taiwan Semiconductor Manufacturing Co. Ltd., ADR	Exchange Traded	113	USD	(1,873,540	)	USD	200.00	8/16/2024		(1,582	)
Texas Instruments, Inc.	Exchange Traded	85	USD	(1,732,385	)	USD	240.00	8/16/2024		(11,135	)
Texas Instruments, Inc.	Exchange Traded	260	USD	(5,299,060	)	USD	250.00	9/20/2024		(4,680	)
Texas Instruments, Inc.	Exchange Traded	85	USD	(1,732,385	)	USD	250.00	10/18/2024		(5,058	)
Texas Instruments, Inc.	Exchange Traded	167	USD	(3,403,627	)	USD	260.00	9/20/2024		(1,336	)
Texas Instruments, Inc.	Exchange Traded	85	USD	(1,732,385	)	USD	260.00	12/20/2024		(11,348	)
Texas Instruments, Inc.	Exchange Traded	85	USD	(1,732,385	)	USD	280.00	12/20/2024		(4,037	)
Universal Health Services, Inc., Class B	Exchange Traded	80	USD	(1,710,080	)	USD	240.00	9/20/2024		(9,600	)
Universal Health Services, Inc., Class B	Exchange Traded	80	USD	(1,710,080	)	USD	240.00	10/18/2024		(20,160	)
US Bancorp	Exchange Traded	397	USD	(1,781,736	)	USD	60.00	9/20/2024		(1,985	)
Wheaton Precious Metals Corp.	Exchange Traded	339	USD	(2,025,864	)	USD	70.00	9/20/2024		(13,560	)
										(3,887,518	)
Total Written Options Contracts (Premiums Received ($2,179,055))										(3,887,518	)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		0.9	%
Air Freight & Logistics		0.8
Automobile Components		0.3
Banks		7.3
Beverages		5.0
Capital Markets		2.3
Chemicals		1.2
Commercial Services & Supplies		1.2
Commodities		7.4
Consumer Finance		0.1
Consumer Staples Distribution & Retail		0.1
Containers & Packaging		0.5
Diversified Consumer Services		0.1
Diversified Telecommunication Services		0.3
Electric Utilities		0.4
Electronic Equipment, Instruments & Components		0.1
Energy Equipment & Services		0.4
Financial Services		1.4
Food Products		3.9
Foreign Government Securities		1.5

See Notes to Schedule of Investments. (Continued)

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

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Gas Utilities		0.0	%*
Ground Transportation		0.1
Health Care Equipment & Supplies		3.0
Health Care Providers & Services		3.5
Hotels, Restaurants & Leisure		0.5
Hotels, Restaurants and Leisure		0.1
Household Durables		0.8
Household Products		2.8
Industrial Conglomerates		2.0
Insurance		2.6
Leisure Products		0.9
Life Sciences Tools & Services		0.2
Machinery		1.8
Media		1.4
Metals & Mining		3.1
Office REITs		1.0
Oil, Gas & Consumable Fuels		7.3
Passenger Airlines		0.6
Personal Care Products		4.4
Pharmaceuticals		1.0
Professional Services		0.2
Real Estate Management & Development		1.4
Residential REITs		1.4
Semiconductors & Semiconductor Equipment		2.8
Software		0.5
Specialized REITs		0.6
Specialty Retail		0.2
Technology Hardware, Storage & Peripherals		0.6
Textiles, Apparel & Luxury Goods		1.5
Tobacco		6.7
Trading Companies & Distributors		0.1
U.S. Treasury Obligations		10.1
Short-Term Investments		0.9
Total Investments		99.3	%

* Less than 0.05%

See Notes to Schedule of Investments. (Continued)

First Eagle Rising Dividend Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 96.7%
Air Freight & Logistics - 5.5%
CH Robinson Worldwide, Inc.		136,764		12,178,834
Expeditors International of Washington, Inc.		90,837		11,338,275
				23,517,109
Beverages - 2.6%
PepsiCo, Inc.		63,147		10,903,593
Electronic Equipment, Instruments & Components - 4.7%
TE Connectivity Ltd.		128,999		19,908,416
Food Products - 0.4%
Nestle SA (Registered) (Switzerland)		16,864		1,708,199
Health Care Equipment & Supplies - 6.9%
Becton Dickinson & Co.		64,686		15,593,207
Medtronic plc		171,950		13,811,024
				29,404,231
Health Care Providers & Services - 11.2%
Elevance Health, Inc.		15,101		8,034,185
HCA Healthcare, Inc.		48,122		17,470,692
UnitedHealth Group, Inc.		38,262		22,045,034
				47,549,911
Hotels, Restaurants & Leisure - 0.9%
Starbucks Corp.		50,172		3,910,907
Household Products - 3.5%
Colgate-Palmolive Co.		149,013		14,780,599
Insurance - 4.2%
Fidelity National Financial, Inc.		98,296		5,446,581
Willis Towers Watson plc		43,652		12,322,087
				17,768,668
Interactive Media & Services - 10.1%
Alphabet, Inc., Class A		149,998		25,730,657
Meta Platforms, Inc., Class A		36,096		17,139,464
				42,870,121
IT Services - 0.2%
Accenture plc, Class A (Ireland)		2,689		889,037
Machinery - 4.2%
Schindler Holding AG (Switzerland)		67,234		17,995,462
Media - 5.5%
Comcast Corp., Class A		567,210		23,408,757
Oil, Gas & Consumable Fuels - 4.9%
Exxon Mobil Corp.		111,728		13,249,824
ONEOK, Inc.		93,222		7,768,189
				21,018,013
Pharmaceuticals - 0.2%
Merck KGaA (Germany)		4,233		756,320
Semiconductors & Semiconductor Equipment - 7.0%
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (Taiwan)		15,430		2,558,294
Texas Instruments, Inc.		133,665		27,242,264
				29,800,558
Software - 9.0%
Microsoft Corp.		15,133		6,330,891
Oracle Corp.		196,170		27,355,906
Salesforce, Inc.		17,666		4,571,961
				38,258,758
Specialized REITs - 2.9%
Extra Space Storage, Inc., REIT		78,297		12,497,767
Specialty Retail - 7.6%
Home Depot, Inc. (The)		55,327		20,369,188
Ross Stores, Inc.		84,165		12,054,953
				32,424,141
Tobacco - 5.2%
British American Tobacco plc (United Kingdom)		129,273		4,586,739
Philip Morris International, Inc.		150,598		17,342,866
				21,929,605
TOTAL COMMON STOCKS (Cost $295,818,591)				411,300,172
MASTER LIMITED PARTNERSHIPS - 2.4%
Oil, Gas & Consumable Fuels - 2.4%
Enterprise Products Partners LP (Cost $8,719,025)		348,856		10,067,984

Investments	Principal Amount ($)		Value ($)
SHORT-TERM INVESTMENTS - 0.9%
COMMERCIAL PAPER - 0.9%
AES Corp. (The)
5.85%, 8/1/2024 (a)		1,259,000		1,258,796
Amphenol Corp.
5.34%, 8/1/2024 (a)(b)		350,000		349,948
Entergy Corp.
5.40%, 8/1/2024 (a)(b)		455,000		454,932
General Motors Financial Co., Inc.
5.43%, 8/1/2024 (a)(b)		1,379,000		1,378,793
Sysco Corp.
5.40%, 8/1/2024 (a)(b)		280,000		279,958
TOTAL COMMERCIAL PAPER (Cost $3,723,000)				3,722,427

See Notes to Schedule of Investments. (Continued)

First Eagle Rising Dividend Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (c)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (d) (Cost $2,248)		2,248		2,248
TOTAL SHORT-TERM INVESTMENTS (Cost $3,725,248)				3,724,675
Total Investments - 100.0% (Cost $308,262,864)				425,092,831
Other assets less liabilities - 0.0% (c)				203,664
Net Assets - 100.0%				425,296,495

(a)	The rate shown was the current yield as of July 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 July 31, 2024 amounted to $2,463,631, which represents approximately 0.58% of net assets of the Fund.
(c)	Represents less than 0.05% of net assets.
(d)	Represents 7-day effective yield as of July 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

July 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Air Freight & Logistics		5.5	%
Beverages		2.6
Electronic Equipment, Instruments & Components		4.7
Food Products		0.4
Health Care Equipment & Supplies		6.9
Health Care Providers & Services		11.2
Hotels, Restaurants & Leisure		0.9
Household Products		3.5
Insurance		4.2
Interactive Media & Services		10.1
IT Services		0.2
Machinery		4.2
Media		5.5
Oil, Gas & Consumable Fuels		7.3
Pharmaceuticals		0.2
Semiconductors & Semiconductor Equipment		7.0
Software		9.0
Specialized REITs		2.9
Specialty Retail		7.6
Tobacco		5.2
Short-Term Investments		0.9
Total Investments		100.0	%

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 94.4%
Aerospace & Defense - 4.2%
AAR Corp.*		183,260		11,838,596
Astronics Corp.*		355,254		8,181,500
Curtiss-Wright Corp.		40,393		11,903,817
Ducommun, Inc.*		206,830		13,272,281
Hexcel Corp.		68,609		4,542,602
Kratos Defense & Security Solutions, Inc.*		378,088		8,522,103
Leonardo DRS, Inc.*		341,473		9,629,539
Triumph Group, Inc.*		637,097		10,442,020
V2X, Inc.*		165,434		8,624,074
				86,956,532
Air Freight & Logistics - 1.2%
Air Transport Services Group, Inc.*		467,459		7,544,788
GXO Logistics, Inc.*		244,871		13,707,879
Radiant Logistics, Inc.*		467,342		2,906,867
				24,159,534
Automobile Components - 0.7%
Goodyear Tire & Rubber Co. (The)*		877,433		10,265,966
Modine Manufacturing Co.*		29,493		3,470,147
				13,736,113
Banks - 3.6%
Ameris Bancorp		269,230		16,393,415
Axos Financial, Inc.*		192,754		14,072,969
Dime Community Bancshares, Inc.		476,270		12,040,106
Old National Bancorp		496,423		9,938,388
Seacoast Banking Corp. of Florida		598,036		16,649,322
Valley National Bancorp		742,392		6,236,093
				75,330,293
Beverages - 0.1%
Duckhorn Portfolio, Inc. (The)*		349,171		2,534,981
Biotechnology - 1.1%
CareDx, Inc.*		824,760		16,486,952
Ironwood Pharmaceuticals, Inc., Class A*		1,005,503		6,867,586
				23,354,538
Building Products - 2.1%
AZEK Co., Inc. (The), Class A*		83,188		3,734,309
Gibraltar Industries, Inc.*		64,647		4,801,333
Insteel Industries, Inc.		341,369		11,691,888
Janus International Group, Inc.*		760,244		10,962,719
JELD-WEN Holding, Inc.*		310,559		5,183,230
Quanex Building Products Corp.		211,023		7,048,168
				43,421,647
Capital Markets - 1.6%
Evercore, Inc., Class A		63,686		15,946,338
Forge Global Holdings, Inc.*		203,783		295,485
Moelis & Co., Class A		113,943		7,748,124
Perella Weinberg Partners, Class A		431,835		8,161,681
				32,151,628
Chemicals - 5.2%
AdvanSix, Inc.		570,746		15,963,766
American Vanguard Corp.		501,142		4,820,986
Ashland, Inc.		104,424		10,092,580
Huntsman Corp.		604,103		14,456,185
Intrepid Potash, Inc.*		553,861		14,450,233
Kronos Worldwide, Inc.		382,020		4,568,959
LSB Industries, Inc.*		1,433,001		13,054,639
Mativ Holdings, Inc.		413,353		7,890,909
Minerals Technologies, Inc.		57,156		4,479,887
Stepan Co.		66,762		5,650,068
Tronox Holdings plc, Class A		712,628		11,516,068
				106,944,280
Commercial Services & Supplies - 2.0%
ARC Document Solutions, Inc.		208,026		634,479
CECO Environmental Corp.*		537,463		15,693,920
Interface, Inc., Class A		160,790		2,778,451
Quest Resource Holding Corp.*		195,164		1,647,184
Stericycle, Inc.*		174,370		10,209,364
VSE Corp.		110,996		9,877,534
				40,840,932
Communications Equipment - 1.5%
ADTRAN Holdings, Inc.		704,039		4,766,344
Aviat Networks, Inc.*		106,150		3,290,650
Ceragon Networks Ltd. (Israel)*		457,515		1,267,317
Digi International, Inc.*		241,948		6,605,180
Lantronix, Inc.*		847,896		3,476,374
NETGEAR, Inc.*		107,326		1,704,337
NetScout Systems, Inc.*		223,535		4,548,937
Viavi Solutions, Inc.*		634,130		5,098,405
				30,757,544
Construction & Engineering - 0.8%
Ameresco, Inc., Class A*		83,705		2,642,567
Arcosa, Inc.		124,209		11,540,258
Orion Group Holdings, Inc.*		227,421		1,867,126
				16,049,951
Consumer Staples Distribution & Retail - 0.8%
Chefs' Warehouse, Inc. (The)*		340,113		14,145,300
Natural Grocers by Vitamin Cottage, Inc.		75,097		2,048,646
				16,193,946
Containers & Packaging - 0.9%
Sealed Air Corp.		351,996		13,393,448
TriMas Corp.		226,563		5,568,918
				18,962,366
Diversified Consumer Services - 1.0%
Chegg, Inc.*		636,139		2,169,234
Lincoln Educational Services Corp.*		715,962		10,102,224
Universal Technical Institute, Inc.*		474,755		8,991,860
				21,263,318

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
Diversified REITs - 0.4%
Armada Hoffler Properties, Inc., REIT		751,196		8,924,209
Electrical Equipment - 0.9%
EnerSys		8,501		934,515
Generac Holdings, Inc.*		27,491		4,279,799
LSI Industries, Inc.		406,695		6,938,216
Thermon Group Holdings, Inc.*		223,680		7,338,941
				19,491,471
Electronic Equipment, Instruments & Components - 4.8%
Advanced Energy Industries, Inc.		101,713		11,836,342
Airgain, Inc.* (a)		539,752		4,037,345
Avnet, Inc.		142,433		7,657,198
Belden, Inc.		81,760		7,578,334
Benchmark Electronics, Inc.		266,447		12,754,818
Coherent Corp.*		94,122		6,558,421
Fabrinet (Thailand)*		44,157		9,739,268
Iteris, Inc.*		478,403		2,348,959
Plexus Corp.*		52,193		6,689,577
Sanmina Corp.*		179,386		13,513,147
SmartRent, Inc., Class A*		1,276,927		2,349,546
TTM Technologies, Inc.*		675,334		13,087,973
				98,150,928
Energy Equipment & Services - 2.3%
Helix Energy Solutions Group, Inc.*		274,543		3,239,607
Helmerich & Payne, Inc.		106,515		4,305,336
Liberty Energy, Inc., Class A		252,751		6,103,937
NOV, Inc.		182,764		3,805,147
Oil States International, Inc.*		1,912,313		10,938,430
ProPetro Holding Corp.*		419,824		4,026,112
RPC, Inc.		268,034		2,002,214
SEACOR Marine Holdings, Inc.*		473,336		6,560,437
Smart Sand, Inc.*		141,097		293,482
US Silica Holdings, Inc.*		452,932		7,015,917
				48,290,619
Financial Services - 3.1%
Cantaloupe, Inc.*		408,465		3,181,942
International Money Express, Inc.*		479,164		10,642,233
MGIC Investment Corp.		648,479		16,108,218
NMI Holdings, Inc., Class A*		388,568		15,290,151
Radian Group, Inc.		415,547		15,416,794
Remitly Global, Inc.*		241,110		3,185,063
				63,824,401
Food Products - 1.3%
Hain Celestial Group, Inc. (The)*		361,680		2,799,403
Ingredion, Inc.		91,781		11,414,803
Mama's Creations, Inc.*		713,121		5,433,982
Utz Brands, Inc.		421,208		6,250,727
				25,898,915
Ground Transportation - 1.7%
FTAI Infrastructure, Inc.		351,519		3,624,161
Heartland Express, Inc.		607,893		7,884,372
Proficient Auto Logistics, Inc.*		147,918		2,980,548
RXO, Inc.*		228,385		7,242,088
Werner Enterprises, Inc.		329,503		12,913,223
				34,644,392
Health Care Equipment & Supplies - 2.8%
Alphatec Holdings, Inc.*		254,715		2,572,621
AngioDynamics, Inc.*		299,188		2,345,634
Artivion, Inc.*		548,871		14,901,848
Embecta Corp.		356,762		5,590,460
Enovis Corp.*		254,898		12,143,341
ICU Medical, Inc.*		37,692		4,786,130
Neuronetics, Inc.*		957,815		1,791,114
Silk Road Medical, Inc.*		184,160		4,974,162
Varex Imaging Corp.*		320,570		4,741,230
Zimvie, Inc.*		214,607		4,536,792
				58,383,332
Health Care Providers & Services - 4.4%
Acadia Healthcare Co., Inc.*		147,615		9,572,833
AdaptHealth Corp., Class A*		817,379		9,285,426
Brookdale Senior Living, Inc.*		968,179		7,484,024
InfuSystem Holdings, Inc.*		620,061		4,278,421
Option Care Health, Inc.*		209,219		6,211,712
Pennant Group, Inc. (The)*		344,352		10,265,133
Performant Financial Corp.*		2,045,820		7,589,992
RadNet, Inc.*		84,204		5,031,189
Select Medical Holdings Corp.		257,865		10,252,712
Surgery Partners, Inc.*		281,434		8,544,336
Tenet Healthcare Corp.*		80,180		12,002,946
				90,518,724
Health Care Technology - 0.7%
HealthStream, Inc.		485,372		14,420,402
iCAD, Inc.*		637,491		841,488
				15,261,890
Hotels, Restaurants & Leisure - 2.3%
BJ's Restaurants, Inc.*		74,615		2,356,342
Cheesecake Factory, Inc. (The)		298,017		11,589,881
Chuy's Holdings, Inc.*		338,922		12,570,617
Denny's Corp.*		1,180,722		8,690,114
El Pollo Loco Holdings, Inc.*		197,593		2,382,971
Potbelly Corp.*		986,320		7,200,136
Red Robin Gourmet Burgers, Inc.*		637,969		3,579,006
				48,369,067
Household Durables - 3.9%
Beazer Homes USA, Inc.*		439,016		14,781,669
Cavco Industries, Inc.*		10,863		4,504,017
Century Communities, Inc.		100,910		10,566,286
Ethan Allen Interiors, Inc.		120,580		3,722,305
Installed Building Products, Inc.		41,471		11,211,685
LGI Homes, Inc.*		86,348		9,936,064
Skyline Champion Corp.*		99,417		8,103,480
Smith Douglas Homes Corp., Class A*		79,509		2,615,051
Sonos, Inc.*		338,036		4,563,486
Taylor Morrison Home Corp., Class A*		140,699		9,438,089

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
Universal Electronics, Inc.*		148,331		1,763,655
				81,205,787
Household Products - 0.6%
Spectrum Brands Holdings, Inc.		143,544		12,145,258
Insurance - 4.0%
Axis Capital Holdings Ltd.		186,907		14,158,205
Citizens, Inc., Class A*		425,249		1,101,395
First American Financial Corp.		167,484		10,146,181
Kemper Corp.		261,187		16,731,639
Lincoln National Corp.		426,132		14,190,196
Old Republic International Corp.		392,480		13,587,657
Stewart Information Services Corp.		178,240		12,601,568
				82,516,841
Interactive Media & Services - 1.6%
Cars.com, Inc.*		498,249		10,273,894
DHI Group, Inc.*		609,933		1,293,058
EverQuote, Inc., Class A*		456,985		11,922,739
QuinStreet, Inc.*		545,946		10,209,190
				33,698,881
IT Services - 0.4%
Backblaze, Inc., Class A*		1,012,336		6,701,665
Brightcove, Inc.*		586,277		1,395,339
				8,097,004
Leisure Products - 0.3%
AMMO, Inc.*		1,366,387		2,486,825
Clarus Corp.		507,081		3,062,769
				5,549,594
Life Sciences Tools & Services - 0.5%
Fortrea Holdings, Inc.*		358,102		9,880,034
Machinery - 4.4%
Astec Industries, Inc.		200,622		7,039,826
Barnes Group, Inc.		340,978		13,755,053
Columbus McKinnon Corp.		173,915		6,636,596
Enpro, Inc.		59,908		10,240,674
Gencor Industries, Inc.*		62,748		1,545,483
Graham Corp.*		297,837		9,760,118
John Bean Technologies Corp.		67,485		6,639,174
Luxfer Holdings plc (United Kingdom)		281,815		3,646,686
Manitex International, Inc.*		277,094		1,410,408
Mayville Engineering Co., Inc.*		262,371		5,013,910
Park-Ohio Holdings Corp.		161,377		5,038,190
Shyft Group, Inc. (The)		451,461		7,571,001
Trinity Industries, Inc.		376,175		12,436,346
				90,733,465
Metals & Mining - 4.9%
Arch Resources, Inc.		77,194		11,312,781
Carpenter Technology Corp.		109,699		16,001,793
Century Aluminum Co.*		602,027		9,096,628
Coeur Mining, Inc.*		2,220,016		14,407,904
Commercial Metals Co.		206,425		12,406,143
Ferroglobe plc		1,603,027		8,896,800
Haynes International, Inc.		145,729		8,678,162
Hecla Mining Co.		1,493,030		8,629,713
Kaiser Aluminum Corp.		145,173		11,423,663
				100,853,587
Multi-Utilities - 0.8%
Black Hills Corp.		287,908		17,000,967
Oil, Gas & Consumable Fuels - 4.5%
Dorian LPG Ltd.		269,989		11,031,751
Golar LNG Ltd. (Bermuda)		112,467		3,925,098
Matador Resources Co.		258,381		15,885,264
Navigator Holdings Ltd.		532,783		8,854,853
PBF Energy, Inc., Class A		297,308		12,115,301
Permian Resources Corp., Class A		668,939		10,261,524
Riley Exploration Permian, Inc.		232,861		6,820,499
Scorpio Tankers, Inc. (Monaco)		106,303		8,151,314
SM Energy Co.		170,827		7,892,207
Vital Energy, Inc.*		197,662		8,620,040
				93,557,851
Paper & Forest Products - 0.7%
Louisiana-Pacific Corp.		144,512		14,185,298
Passenger Airlines - 0.3%
Allegiant Travel Co.		91,667		5,139,769
Professional Services - 0.2%
Asure Software, Inc.*		349,201		3,596,770
Real Estate Management & Development - 0.4%
Forestar Group, Inc.*		258,688		8,182,301
Retail REITs - 1.1%
Macerich Co. (The), REIT		388,985		6,227,650
Tanger, Inc., REIT		107,677		3,111,865
Whitestone REIT, REIT		1,017,077		14,035,663
				23,375,178
Semiconductors & Semiconductor Equipment - 6.5%
Alpha & Omega Semiconductor Ltd.*		423,940		17,551,116
Amkor Technology, Inc.		490,145		16,008,136
Amtech Systems, Inc.*		659,161		3,783,584
Cohu, Inc.*		227,125		7,265,729
FormFactor, Inc.*		100,276		5,370,783
Ichor Holdings Ltd.*		372,042		12,649,428
inTEST Corp.*		534,965		5,777,622
Kulicke & Soffa Industries, Inc. (Singapore)		226,335		10,676,222
MKS Instruments, Inc.		130,465		16,425,543
Onto Innovation, Inc.*		13,655		2,612,201
SMART Global Holdings, Inc.*		437,705		10,242,297
Ultra Clean Holdings, Inc.*		315,723		13,658,177
Veeco Instruments, Inc.*		307,583		12,737,012
				134,757,850
Software - 1.5%
8x8, Inc.*		1,051,196		3,237,684
SecureWorks Corp., Class A*		787,840		6,066,368

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
Silvaco Group, Inc.*		254,545		4,324,719
Zeta Global Holdings Corp., Class A*		839,173		17,975,086
				31,603,857
Specialized REITs - 0.5%
Outfront Media, Inc., REIT		648,063		10,511,582
Specialty Retail - 2.2%
CarParts.com, Inc.*		512,842		517,970
Lithia Motors, Inc., Class A		19,738		5,454,201
Monro, Inc.		248,533		7,659,787
National Vision Holdings, Inc.*		444,886		6,433,052
RH*		4,587		1,330,597
Shoe Carnival, Inc.		258,921		10,996,375
Tile Shop Holdings, Inc.*		327,098		2,361,648
Tilly's, Inc., Class A*		399,165		2,339,107
Zumiez, Inc.*		341,180		8,672,796
				45,765,533
Textiles, Apparel & Luxury Goods - 0.3%
Steven Madden Ltd.		106,953		4,849,249
Unifi, Inc.*		113,187		637,243
				5,486,492
Trading Companies & Distributors - 3.3%
Air Lease Corp., Class A		313,336		15,547,732
Custom Truck One Source, Inc.*		377,370		1,890,624
DNOW, Inc.*		241,614		3,711,191
FTAI Aviation Ltd.		196,543		21,904,717
H&E Equipment Services, Inc.		194,197		10,156,503
Herc Holdings, Inc.		37,563		5,853,818
Titan Machinery, Inc.*		320,524		5,714,943
WESCO International, Inc.		17,121		2,995,319
				67,774,847
TOTAL COMMON STOCKS (Cost $1,548,651,923)				1,950,034,297

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

Investments	Shares		Value ($)
SHORT-TERM INVESTMENTS - 5.4%
INVESTMENT COMPANIES - 5.4%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (d) (Cost $110,934,361)		110,934,361		110,934,361
Total Investments - 99.8% (Cost $1,659,614,085)				2,060,968,658
Other assets less liabilities - 0.2%				5,091,547
Net Assets - 100.0%				2,066,060,205

*	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  July 31, 2024 by the Adviser as "valuation designee" under the oversight of the Fund's Board of Trustees. Total value of all such securities at July 31, 2024 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(d)	Represents 7-day effective yield as of July 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

July 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		4.2	%
Air Freight & Logistics		1.2
Automobile Components		0.7
Banks		3.6
Beverages		0.1
Biotechnology		1.1
Building Products		2.1
Capital Markets		1.6
Chemicals		5.2
Commercial Services & Supplies		2.0
Communications Equipment		1.5
Construction & Engineering		0.8
Consumer Staples Distribution & Retail		0.8
Containers & Packaging		0.9
Diversified Consumer Services		1.0
Diversified REITs		0.4
Electrical Equipment		0.9
Electronic Equipment, Instruments & Components		4.8
Energy Equipment & Services		2.3
Financial Services		3.1
Food Products		1.3
Ground Transportation		1.7
Health Care Equipment & Supplies		2.8
Health Care Providers & Services		4.4
Health Care Technology		0.7
Hotels, Restaurants & Leisure		2.3
Household Durables		3.9
Household Products		0.6
Insurance		4.0
Interactive Media & Services		1.6
IT Services		0.4
Leisure Products		0.3
Life Sciences Tools & Services		0.5
Machinery		4.4
Metals & Mining		4.9
Multi-Utilities		0.8
Oil, Gas & Consumable Fuels		4.5
Paper & Forest Products		0.7
Passenger Airlines		0.3
Professional Services		0.2
Real Estate Management & Development		0.4
Retail REITs		1.1
Semiconductors & Semiconductor Equipment		6.5
Software		1.5
Specialized REITs		0.5
Specialty Retail		2.2
Textiles, Apparel & Luxury Goods		0.3
Trading Companies & Distributors		3.3
Short-Term Investments		5.4
Total Investments		99.8	%

See Notes to Schedule of Investments. (Continued)

First Eagle Small Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Affiliated Securities

Security Description	Shares at July 31, 2024		Market Value October 31, 2023		Purchases at Cost		Proceeds from Sales			Net Realized Gains (Loss)			Change in Unrealized Appreciation/ Depreciation		Market Value July 31, 2024		Dividend Income
Common Stocks 0.2%
United States 0.2%
Airgain, Inc.*^		539,752	$	1,356,325	$	935,811	$	(115,746	)	$	(183,686	)	$	2,044,641	$	4,037,345	$	—
Total Common Stocks				1,356,325		935,811		(115,746	)		(183,686	)		2,044,641		4,037,345		—
Total			$	1,356,325	$	935,811	$	(115,746	)	$	(183,686	)	$	2,044,641	$	4,037,345	$	—

*	Non-income producing security.
^	Represents an unaffiliated issuer as of October 31, 2023.

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 94.1%
Aerospace & Defense - 4.0%
AAR Corp.*		8,968		579,333
Curtiss-Wright Corp.		4,456		1,313,183
				1,892,516
Air Freight & Logistics - 1.3%
GXO Logistics, Inc.*		10,711		599,602
Automobile Components - 1.0%
Goodyear Tire & Rubber Co. (The)*		41,899		490,218
Biotechnology - 1.6%
CareDx, Inc.*		20,615		412,094
Exelixis, Inc.*		15,471		362,795
				774,889
Building Products - 2.6%
AZEK Co., Inc. (The), Class A*		7,300		327,697
Lennox International, Inc.		1,602		934,767
				1,262,464
Capital Markets - 4.7%
Evercore, Inc., Class A		4,690		1,174,329
Houlihan Lokey, Inc., Class A		3,300		495,825
Raymond James Financial, Inc.		4,793		555,988
				2,226,142
Chemicals - 3.9%
Huntsman Corp.		22,872		547,327
International Flavors & Fragrances, Inc.		4,977		495,112
Westlake Corp.		5,552		820,919
				1,863,358
Construction & Engineering - 1.9%
Quanta Services, Inc.		3,518		933,607
Consumer Staples Distribution & Retail - 4.0%
Casey's General Stores, Inc.		2,193		850,533
Chefs' Warehouse, Inc. (The)*		10,979		456,617
Performance Food Group Co.*		8,600		593,400
				1,900,550
Containers & Packaging - 0.9%
Sealed Air Corp.		11,062		420,909
Electrical Equipment - 1.7%
EnerSys		2,171		238,658
Generac Holdings, Inc.*		2,335		363,513
NEXTracker, Inc., Class A*		4,163		204,570
				806,741
Electronic Equipment, Instruments & Components - 5.2%
Avnet, Inc.		5,528		297,185
Belden, Inc.		5,525		512,112
Coherent Corp.*		5,801		404,214
Fabrinet (Thailand)*		2,616		576,985
Flex Ltd.*		15,248		490,223
Trimble, Inc.*		3,603		196,508
				2,477,227
Financial Services - 4.6%
MGIC Investment Corp.		18,325		455,193
Radian Group, Inc.		24,831		921,230
Rocket Cos., Inc., Class A*		52,300		846,737
				2,223,160
Food Products - 1.6%
Ingredion, Inc.		5,982		743,981
Ground Transportation - 2.4%
Knight-Swift Transportation Holdings, Inc., Class A		6,295		342,637
XPO, Inc.*		7,135		819,740
				1,162,377
Health Care Equipment & Supplies - 3.4%
Align Technology, Inc.*		2,926		678,481
Enovis Corp.*		4,708		224,289
Zimmer Biomet Holdings, Inc.		6,627		737,916
				1,640,686
Health Care Providers & Services - 7.7%
Amedisys, Inc.*		3,155		309,348
Cardinal Health, Inc.		9,779		986,017
Ensign Group, Inc. (The)		1,975		277,981
Quest Diagnostics, Inc.		4,635		659,560
Tenet Healthcare Corp.*		9,633		1,442,060
				3,674,966
Hotels, Restaurants & Leisure - 4.2%
Aramark		13,985		479,266
Cheesecake Factory, Inc. (The)		17,515		681,159
Chuy's Holdings, Inc.*		14,233		527,902
Denny's Corp.*		42,348		311,681
				2,000,008
Household Durables - 4.2%
Beazer Homes USA, Inc.*		19,280		649,157
LGI Homes, Inc.*		3,439		395,726
PulteGroup, Inc.		1,262		166,584
Skyline Champion Corp.*		2,895		235,971
Toll Brothers, Inc.		3,791		541,014
				1,988,452
Insurance - 3.8%
Axis Capital Holdings Ltd.		9,012		682,659
First American Financial Corp.		5,947		360,269
Old Republic International Corp.		22,160		767,179
				1,810,107
Life Sciences Tools & Services - 3.8%
Avantor, Inc.*		19,514		522,000
Bio-Rad Laboratories, Inc., Class A*		3,073		1,039,780
Revvity, Inc.		2,094		263,027
				1,824,807
Machinery - 3.8%
Donaldson Co., Inc.		10,021		749,771
Dover Corp.		4,626		852,387

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
Ingersoll Rand, Inc.		2,242		225,097
				1,827,255
Multi-Utilities - 0.8%
Black Hills Corp.		6,430		379,691
Oil, Gas & Consumable Fuels - 6.0%
Chesapeake Energy Corp.		9,574		730,783
HF Sinclair Corp.		13,391		689,235
Matador Resources Co.		12,837		789,219
Permian Resources Corp., Class A		41,971		643,835
				2,853,072
Passenger Airlines - 1.1%
Delta Air Lines, Inc.		12,794		550,398
Semiconductors & Semiconductor Equipment - 9.0%
Amkor Technology, Inc.		24,276		792,854
Entegris, Inc.		6,176		730,559
MKS Instruments, Inc.		8,947		1,126,427
ON Semiconductor Corp.*		9,863		771,780
Onto Innovation, Inc.*		4,493		859,511
				4,281,131
Specialty Retail - 1.4%
Lithia Motors, Inc., Class A		1,394		385,204
RH*		135		39,161
Warby Parker, Inc., Class A*		15,900		261,873
				686,238
Textiles, Apparel & Luxury Goods - 0.9%
Steven Madden Ltd.		9,178		416,131
Trading Companies & Distributors - 2.6%
Air Lease Corp., Class A		18,692		927,497
FTAI Aviation Ltd.		2,849		317,521
				1,245,018
TOTAL COMMON STOCKS (Cost $35,938,812)				44,955,701
SHORT-TERM INVESTMENTS - 5.3%
INVESTMENT COMPANIES - 5.3%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (a) (Cost $2,539,315)		2,539,315		2,539,315
Total Investments - 99.4% (Cost $38,478,127)				47,495,016
Other assets less liabilities - 0.6%				278,194
Net Assets - 100.0%				47,773,210

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

See Notes to Schedule of Investments. (Continued)

First Eagle U.S. Smid Cap Opportunity Fund

Schedule of Investments

July 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Aerospace & Defense		4.0	%
Air Freight & Logistics		1.3
Automobile Components		1.0
Biotechnology		1.6
Building Products		2.6
Capital Markets		4.7
Chemicals		3.9
Construction & Engineering		1.9
Consumer Staples Distribution & Retail		4.0
Containers & Packaging		0.9
Electrical Equipment		1.7
Electronic Equipment, Instruments & Components		5.2
Financial Services		4.6
Food Products		1.6
Ground Transportation		2.4
Health Care Equipment & Supplies		3.4
Health Care Providers & Services		7.7
Hotels, Restaurants & Leisure		4.2
Household Durables		4.2
Insurance		3.8
Life Sciences Tools & Services		3.8
Machinery		3.8
Multi-Utilities		0.8
Oil, Gas & Consumable Fuels		6.0
Passenger Airlines		1.1
Semiconductors & Semiconductor Equipment		9.0
Specialty Retail		1.4
Textiles, Apparel & Luxury Goods		0.9
Trading Companies & Distributors		2.6
Short-Term Investments		5.3
Total Investments		99.4	%

See Notes to Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Shares		Value ($)
COMMON STOCKS - 92.4%
Australia - 2.2%
Glencore plc		54,056		299,948
Belgium - 1.1%
Shurgard Self Storage Ltd., REIT		3,933		153,767
Canada - 12.8%
Agnico Eagle Mines Ltd.		2,142		165,275
Canadian National Railway Co.		1,696		196,336
Canadian Pacific Kansas City Ltd.		2,348		196,901
Franco-Nevada Corp.		934		120,362
Imperial Oil Ltd.		4,861		348,243
Nutrien Ltd.		5,525		283,363
StorageVault Canada, Inc.		29,758		101,086
Wheaton Precious Metals Corp.		5,915		353,662
				1,765,228
Faroe Islands - 0.9%
Bakkafrost P/F		2,363		123,431
France - 1.1%
Air Liquide SA		791		144,325
Germany - 2.1%
FUCHS SE (Preference)		6,769		294,121
Hong Kong - 3.0%
CK Asset Holdings Ltd.		43,500		166,217
Guoco Group Ltd.		15,000		124,794
Hongkong Land Holdings Ltd.		39,000		125,955
				416,966
Japan - 4.4%
Kansai Paint Co. Ltd.		18,400		302,191
Komatsu Ltd.		7,800		221,735
Shin-Etsu Chemical Co. Ltd.		2,000		88,861
				612,787
Mexico - 8.2%
FIBRA Macquarie Mexico, REIT  (a)		173,126		289,085
GMexico Transportes SAB de CV  (a)		61,412		119,389
Grupo Mexico SAB de CV, Series B		60,976		343,647
Prologis Property Mexico SA de CV, REIT		20,091		67,074
TF Administradora Industrial S de RL de CV, REIT		142,013		305,430
				1,124,625
Russia - 0.0%
Alrosa PJSC‡ (b)		48,132		—
Singapore - 2.0%
Sheng Siong Group Ltd.		137,100		157,903
UOL Group Ltd.		28,100		113,533
				271,436
South Korea - 1.5%
Samsung Electronics Co. Ltd. (Preference)		4,290		204,233
Spain - 1.1%
Aena SME SA (a)		826		156,939
United Kingdom - 11.5%
Ashtead Group plc		3,007		217,008
Big Yellow Group plc, REIT		13,194		205,185
Cranswick plc		2,492		152,651
Derwent London plc, REIT		6,702		197,990
Great Portland Estates plc, REIT		49,225		222,123
Shell plc		9,829		359,389
United Utilities Group plc		17,101		227,266
				1,581,612
United States - 40.5%
American Homes 4 Rent, Class A, REIT		1,822		65,756
American Water Works Co., Inc.		1,157		164,710
BXP, Inc., REIT		2,859		203,875
Charter Communications, Inc., Class A*		208		78,982
Comcast Corp., Class A		5,649		233,134
CRH plc		4,231		359,877
Cummins, Inc.		484		141,231
Deere & Co.		341		126,845
Diamond Offshore Drilling, Inc.*		9,765		160,341
Douglas Emmett, Inc., REIT		11,646		187,384
EastGroup Properties, Inc., REIT		528		98,731
Equinix, Inc., REIT		84		66,380
Equity Residential, REIT		3,927		273,437
Extra Space Storage, Inc., REIT		2,264		361,380
Exxon Mobil Corp.		1,008		119,539
HCA Healthcare, Inc.		855		310,408
IDACORP, Inc.		2,569		251,120
Mid-America Apartment Communities, Inc., REIT		727		101,613
Noble Corp. plc		4,581		216,315
NOV, Inc.		1,746		36,352
ONEOK, Inc.		3,764		313,654
PNM Resources, Inc.		3,582		148,940
Reliance, Inc.		649		197,659
Royal Gold, Inc.		1,588		219,335
RPM International, Inc.		1,752		212,798
SBA Communications Corp., Class A, REIT		878		192,756
Schlumberger NV		4,246		205,039
Terreno Realty Corp., REIT		1,947		133,194
UGI Corp.		4,723		117,036
Universal Health Services, Inc., Class B		737		157,541

See Notes to Schedule of Investments. (Continued)

First Eagle Global Real Assets Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Shares		Value ($)
Williams Cos., Inc. (The)		3,064		131,568
				5,586,930
TOTAL COMMON STOCKS (Cost $11,712,922)				12,736,348

Investments	Ounces		Value ($)
COMMODITIES - 3.6%
Gold bullion* (Cost $423,554)		201		491,868

Investments	Shares		Value ($)
MASTER LIMITED PARTNERSHIPS - 3.2%
United States - 3.2%
Black Stone Minerals LP		5,534		83,231
Enterprise Products Partners LP		12,526		361,501
TOTAL MASTER LIMITED PARTNERSHIPS (Cost 386,656)				444,732
EXCHANGE TRADED FUNDS - 1.1%
United States
iShares Gold Trust (Cost $134,892)		3,386		156,772
Short-Term Investment - 0.5%
INVESTMENT COMPANIES - 0.5%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (c) (Cost $64,434)		64,434		64,434
Total Investments - 100.8% (Cost $12,722,458)				13,894,154
Liabilities in excess of other assets - (0.8)%				(104,406	)
Net Assets - 100.0%				13,789,748

*	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  July 31, 2024 by the Adviser as "valuation designee" under the oversight of the Fund's Board of Trustees. Total value of all such securities at July 31, 2024 amounted to $0, which represents approximately 0.00% of net assets of the Fund.
(c)	Represents 7-day effective yield as of July 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

July 31, 2024 (unaudited)

Industry Diversification for Portfolio Holdings	Percent of Net Assets
Chemicals		9.6	%
Commodities		3.6
Commodity Funds		1.1
Construction Materials		2.6
Consumer Staples Distribution & Retail		1.2
Electric Utilities		2.9
Energy Equipment & Services		4.6
Food Products		2.0
Gas Utilities		0.8
Ground Transportation		3.7
Health Care Providers & Services		3.3
Industrial Conglomerates		0.9
Industrial REITs		6.5
Machinery		3.5
Media		2.3
Metals & Mining		12.4
Office REITs		5.9
Oil, Gas & Consumable Fuels		12.4
Real Estate Management & Development		3.6
Residential REITs		3.2
Specialized REITs		7.1
Technology Hardware, Storage & Peripherals		1.5
Trading Companies & Distributors		1.6
Transportation Infrastructure		1.1
Water Utilities		2.9
Short-Term Investments		0.5
Total Investments		100.8	%

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
MUNICIPAL BONDS - 105.9%
Alabama 3.5%
Alabama Housing Finance Authority,
Revenue, GNMA Insured, Series 2024 C, 4.70%, 10/01/2054 (a)		7,500,000		7,543,814
Columbia Industrial Development Board,
Alabama Power Co., Revenue, AMT, Refunding, Series 1998, 4.25%, 08/01/2024 (b)(c)		9,600,000		9,600,000
Homewood Educational Building Authority,
CHF - Horizons I LLC, Revenue, Series 2024 A, 5.50%, 10/01/2049		3,200,000		3,391,672
CHF - Horizons I LLC, Revenue, Series 2024 A, 5.50%, 10/01/2054		11,020,000		11,596,075
CHF - Horizons II LLC, Revenue, Series 2024 C, 5.50%, 10/01/2049		5,615,000		5,964,765
CHF - Horizons II LLC, Revenue, Series 2024 C, 5.50%, 10/01/2054		6,575,000		6,934,312
CHF - Horizons II LLC, Revenue, Series 2024 C, 5.00%, 10/01/2056		7,505,000		7,540,904
Hoover Industrial Development Board,
United States Steel Corp., Revenue, AMT, Series 2019, 5.75%, 10/01/2049		1,750,000		1,826,774
Mobile County Industrial Development Authority,
AM/NS Calvert LLC, Revenue, AMT, Series 2024 A, 5.00%, 06/01/2054		12,000,000		12,281,171
Walker County Economic & Industrial Development Authority,
Alabama Power Co., Revenue, First Series, AMT, Series 2023, 4.25%, 08/01/2024 (b)(c)		19,960,000		19,960,000
				86,639,487
American Samoa 0.1%
American Samoa Economic Development Authority,
Revenue, Series 2018, 6.50%, 09/01/2028 (d)		250,000		259,939
Revenue, Series 2021 A, 5.00%, 09/01/2038 (d)		1,000,000		1,009,511
				1,269,450
Arizona 0.7%
Arizona Industrial Development Authority,
Mater Academy of Nevada Obligated Group, Revenue, Series 2020 A, 5.00%, 12/15/2040 (d)		1,840,000		1,825,466
Maricopa County Industrial Development Authority,
Choice Academies, Inc., Revenue, Refunding, Series 2022, 5.75%, 09/01/2045 (d)		2,300,000		2,354,685
Morrison Education Group Obligated Group, Revenue, Refunding, Series 2024 A, 6.75%, 07/01/2063 (d)		2,000,000		2,101,016
Prescott Valley Charter School, Revenue, Series 2024, 6.50%, 07/01/2039 (d)		380,000		385,279
Prescott Valley Charter School, Revenue, Series 2024, 7.13%, 07/01/2054 (d)		2,000,000		2,010,895
Prescott Valley Charter School, Revenue, Series 2024, 7.38%, 07/01/2063 (d)		1,850,000		1,859,962
Sierra Vista Industrial Development Authority,
Fit Kids, Inc., Revenue, Series 2024, 5.38%, 06/15/2034 (d)		325,000		328,225
Fit Kids, Inc., Revenue, Series 2024, 6.00%, 06/15/2044 (d)		550,000		554,909
Fit Kids, Inc., Revenue, Series 2024, 6.30%, 06/15/2054 (d)		1,120,000		1,129,863
Fit Kids, Inc., Revenue, Series 2024, 6.38%, 06/15/2064 (d)		1,640,000		1,646,076
Superstition Vistas,
Community Facilities District No. 1 Assessment Area 3, Special Assessment, Series 2024, 5.80%, 07/01/2048		348,000		357,500
Tempe Industrial Development Authority,
Tempe Life Care Village Obligated Group, Revenue, Series 2019, 5.00%, 12/01/2054		150,000		146,106
Tempe Life Care Village Obligated Group, Revenue, Refunding, Series 2021 A, 4.00%, 12/01/2038		250,000		236,382
Tempe Life Care Village Obligated Group, Revenue, Refunding, Series 2021 A, 4.00%, 12/01/2046		6,555,000		5,702,690
				20,639,054
Arkansas 1.3%
Arkansas Development Finance Authority,
Hybar LLC, Revenue, AMT, Series 2023 B, 7.38%, 07/01/2048 (d)		11,250,000		12,429,787
Batesville Public Facilities Board,
White River Health System Obligated Group, Revenue, Refunding, Series 2020, 5.00%, 06/01/2026		1,440,000		1,437,322

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Arkansas
White River Health System Obligated Group, Revenue, Refunding, Series 2020, 5.00%, 06/01/2027		2,045,000		2,030,546
White River Health System Obligated Group, Revenue, Refunding, Series 2020, 3.00%, 06/01/2028		1,040,000		953,221
White River Health System Obligated Group, Revenue, Refunding, Series 2020, 3.25%, 04/01/2032		395,000		340,534
Clarksville Public Educational Facilities Board,
University of the Ozarks, Revenue, Refunding, Series 2024 B, 6.00%, 08/01/2044 (a)		1,080,000		1,116,244
University of the Ozarks, Revenue, Refunding, Series 2024 B, 6.25%, 08/01/2049 (a)		3,365,000		3,486,756
University of the Ozarks, Revenue, Refunding, Series 2024 B, 6.25%, 08/01/2056 (a)		6,500,000		6,697,399
County of Johnson,
Johnson Regional Medical Center, Revenue, Refunding, Series 2018, 4.50%, 11/01/2035		3,500,000		3,288,314
				31,780,123
California 14.9%
Antelope Valley Healthcare District,
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 03/01/2031		2,765,000		2,770,055
Obligated Group, Revenue, Refunding, Series 2016, 5.25%, 03/01/2036		1,885,000		1,891,459
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 03/01/2041		2,280,000		2,259,962
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 03/01/2046		3,190,000		3,105,023
California Community Housing Agency,
Arbors Apartments, Revenue, Series 2020 A, 5.00%, 08/01/2050 (d)		2,000,000		1,954,475
Brio Apartments & Next on Lex Apartments, Revenue, Senior Lien, Series 2021 A-1, 4.00%, 02/01/2056 (d)		7,800,000		6,612,889
Creekwood Apartments, Revenue, Series 2021 A, 4.00%, 02/01/2056 (d)		32,500,000		22,383,114
Exchange at Bayfront Apartments, Revenue, Senior Lien, Series 2021 A-1, 3.00%, 02/01/2057 (d)		3,250,000		2,082,721
California Educational Facilities Authority,
St. Mary's College of California, Revenue, Refunding, Series 2023 A, 5.50%, 10/01/2053		3,030,000		3,223,466
California Housing Finance Agency,
Found Middle, Revenue, Series 2024 L, 5.20%, 12/01/2027 (d)		5,000,000		5,037,614
California Infrastructure & Economic Development Bank,
DesertXpress Enterprises LLC, Revenue, AMT, Series 2020 A-3, 8.00%, 08/15/2024 (b)(d)(e)		20,000,000		20,974,846
DesertXpress Enterprises LLC, Revenue, AMT, Series 2020 A-4, 8.00%, 08/15/2025 (a)(b)(d)(e)		98,000,000		99,347,951
WFCS Holdings II LLC, Revenue, Series 2021 A-1, 5.00%, 01/01/2056 (d)		4,335,000		4,260,348
WFCS Holdings II LLC, Revenue, Series 2021 B, 0.00%, 01/01/2061 (d)(f)		10,100,000		695,217
California Municipal Finance Authority,
BOLD Program, Special Tax, Series 2024 A, 5.13%, 09/01/2054		1,000,000		1,024,585
BOLD Program, Special Tax, Series 2024 B, 5.00%, 09/01/2049		1,070,000		1,108,428
BOLD Program, Special Tax, Series 2024 B, 5.00%, 09/01/2054		1,250,000		1,285,105
Catalyst Impact Fund 1 LLC, Revenue, Series 2024, Class I, 6.00%, 01/01/2039 (d)		2,000,000		2,107,181
City of Elk Grove Community Facilities District No. 2023-7 Area No. 1, Special Tax, Series 2024, 5.00%, 09/01/2054		1,000,000		1,025,840
Clinicas del Camino Real, Inc., Revenue, Series 2020, 4.00%, 03/01/2050		4,000,000		3,314,369
Community Facilities District No. 2023-11 Improvement Area A, Special Tax, Series 2024, 5.00%, 09/01/2044		325,000		340,520
Community Facilities District No. 2023-11 Improvement Area A, Special Tax, Series 2024, 5.00%, 09/01/2049		670,000		694,063
Community Facilities District No. 2023-11 Improvement Area A, Special Tax, Series 2024, 5.00%, 09/01/2054		800,000		822,467

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
California
Community Facilities District No. 2023-11 Improvement Area A, Special Tax, Series 2024, 5.13%, 09/01/2059		1,250,000		1,297,569
MWLA, Inc., Revenue, Refunding, Series 2024, 5.00%, 06/01/2034 (d)		500,000		514,135
MWLA, Inc., Revenue, Refunding, Series 2024, 5.25%, 06/01/2044 (d)		1,000,000		1,000,660
MWLA, Inc., Revenue, Refunding, Series 2024, 5.50%, 06/01/2054 (d)		1,250,000		1,247,998
Nova Academy, Revenue, Series 2016 A, 5.00%, 06/15/2036 (d)		2,825,000		2,844,217
Nova Academy, Revenue, Series 2016 A, 5.00%, 06/15/2046 (d)		1,000,000		981,627
St. Mary and All Angels Christian Church, Revenue, Series 2024 A, 5.75%, 05/01/2054 (d)		710,000		737,820
St. Mary and All Angels Christian Church, Revenue, Series 2024 A, 5.88%, 05/01/2059 (d)		695,000		725,130
Westside Neighborhood School, Revenue, Series 2024, 5.90%, 06/15/2044 (d)		775,000		834,311
Westside Neighborhood School, Revenue, Series 2024, 6.20%, 06/15/2054 (d)		2,200,000		2,367,655
Westside Neighborhood School, Revenue, Series 2024, 6.38%, 06/15/2064 (d)		4,500,000		4,866,260
California Public Finance Authority,
California University of Science & Medicine Obligated Group, Revenue, Series 2019 A, 6.25%, 07/01/2054 (d)		1,500,000		1,581,503
EEC, Inc., Revenue, Series 2020 A, 5.00%, 06/15/2050 (d)		400,000		389,200
California School Finance Authority,
Envision Education Obligated Group, Revenue, Series 2024 A, 5.00%, 06/01/2064 (a)(d)		2,735,000		2,725,424
Harbor Springs Obligated Group, Revenue, Series 2024 A, 5.63%, 07/01/2063 (d)		1,000,000		1,040,246
New Designs Charter School, Revenue, Refunding, Series 2024 A, 4.25%, 06/01/2034 (d)		775,000		784,429
New Designs Charter School, Revenue, Refunding, Series 2024 A, 4.75%, 06/01/2044 (d)		1,000,000		1,001,650
New Designs Charter School, Revenue, Refunding, Series 2024 A, 5.00%, 06/01/2054 (d)		735,000		743,840
New Designs Charter School, Revenue, Refunding, Series 2024 A, 5.00%, 06/01/2064 (d)		5,475,000		5,509,641
Vista Charter Public Schools Obligated Group, Revenue, Series 2021 A, 4.00%, 06/01/2051 (d)		4,790,000		4,105,024
California Statewide Communities Development Authority,
Special Assessment, Series 2024 A, 5.00%, 09/02/2054		1,150,000		1,179,722
Community Facilities District 2022-12 Improvement Area No. 1, Special Tax, Series 2024, 5.00%, 09/01/2054		1,000,000		1,025,840
Community Facilities District No. 2021-03, Special Tax, Series 2024, 5.00%, 09/01/2044 (a)		850,000		877,968
Community Facilities District No. 2021-03, Special Tax, Series 2024, 5.00%, 09/01/2049 (a)		820,000		837,450
Community Facilities District No. 2021-03, Special Tax, Series 2024, 5.00%, 09/01/2054 (a)		850,000		866,309
Front Porch Communities & Services Obligated Group, Revenue, Refunding, Series 2021 A, 3.00%, 04/01/2051		9,000,000		6,873,872
Loma Linda University Medical Center Obligated Group, Revenue, Series 2014 A, 5.50%, 12/01/2054		1,000,000		1,003,025
California Statewide Financing Authority,
TSR Multi-County Special Purpose Trust, Revenue, Series 2002 A, 6.00%, 05/01/2037		1,000,000		1,022,968
TSR Multi-County Special Purpose Trust, Revenue, Series 2002 A, 6.00%, 05/01/2043		800,000		818,382
TSR Multi-County Special Purpose Trust, Revenue, Series 2002 B, 6.00%, 05/01/2037		290,000		296,661
Chino Community Facilities District,
City of Chino Community Facilities District No. 2003-3 Improvement Area No. 10, Special Tax, Series 2024, 5.00%, 09/01/2049		680,000		696,130
City of Chino Community Facilities District No. 2003-3 Improvement Area No. 10, Special Tax, Series 2024, 5.00%, 09/01/2054		745,000		758,710
City & County of San Francisco,
Infrastructure & Revitalization Financing District No. 1 Facilities Increment, Tax Allocation, Series 2022 A, 5.00%, 09/01/2052 (d)		1,000,000		992,911
City of Long Beach,
Marina System, Revenue, Series 2015, 5.00%, 05/15/2045		500,000		500,835

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
California
City of Ontario,
Community Facilities District No. 35, Special Tax, Series 2024, 5.00%, 09/01/2054		1,000,000		1,036,236
City of Rancho,
Mirage Community Facilities District No. 5 Improvement Area No. 1, Special Tax, Series 2024 A, 5.00%, 09/01/2054		1,400,000		1,439,317
City of Rancho Cordova,
Grantline 220 Community Facilities District No. 2023-1 Improvement Area No. 1, Special Tax, Series 2024, 5.00%, 09/01/2049		550,000		568,168
Grantline 220 Community Facilities District No. 2023-1 Improvement Area No. 1, Special Tax, Series 2024, 5.00%, 09/01/2053		545,000		559,902
CMFA Special Finance Agency I,
Mix at CTR City (The), Revenue, Series 2021 A-2, 4.00%, 04/01/2056 (d)		12,240,000		9,734,291
CSCDA Community Improvement Authority,
777 Place-Pomona, Revenue, Senior Lien, Series 2021 A-2, 3.25%, 05/01/2057 (d)		500,000		356,559
CTR City Anaheim, Revenue, Series 2020 A, 5.00%, 01/01/2054 (d)		5,500,000		4,896,373
Escondido Portfolio, Revenue, Senior Lien, Series 2021 A-2, 4.00%, 06/01/2058 (d)		9,875,000		7,787,329
Link - Glendale (The), Revenue, Series 2021 A-2, 4.00%, 07/01/2056 (d)		965,000		744,788
Millennium South Bay-Hawthorne, Revenue, Series 2021 A-2, 3.25%, 07/01/2056 (d)		11,865,000		8,508,534
MODA at Monrovia Station, Revenue, Series 2021 A-1, 3.40%, 10/01/2046 (d)		150,000		124,225
Monterey Station Apartments, Revenue, Senior Lien, Series 2021 A-2, 3.13%, 07/01/2056 (d)		6,250,000		4,344,779
Oceanaire Apartments, Revenue, Series 2021 A-2, 4.00%, 09/01/2056 (d)		20,365,000		16,117,704
Parrallel-Anaheim, Revenue, Series 2021 A, 4.00%, 08/01/2056 (d)		3,400,000		3,028,722
Waterscape Apartments, Revenue, Senior Lien, Series 2021 A, 3.00%, 09/01/2056 (d)		4,750,000		3,400,265
Westgate Apartments, Revenue, Senior Lien, Series 2021 A-2, 3.13%, 06/01/2057 (d)		39,995,000		25,157,215
Wood Creek Apartments, Revenue, Senior Lien, Series 2021 A-1, 3.00%, 12/01/2049 (d)		5,000,000		3,560,807
Wood Creek Apartments, Revenue, Senior Lien, Series 2021 A-2, 4.00%, 12/01/2058 (d)		31,100,000		24,313,318
Folsom Ranch Financing Authority,
City of Folsom Community Facilities District No. 23 Improvement Area No. 2, Special Tax, Series 2024, 5.00%, 09/01/2049		400,000		413,213
City of Folsom Community Facilities District No. 23 Improvement Area No. 2, Special Tax, Series 2024, 5.00%, 09/01/2053		460,000		472,578
Kaweah Delta Health Care District Guild,
Revenue, Series 2015 B, 3.25%, 06/01/2030		65,000		57,698
Revenue, Series 2015 B, 3.38%, 06/01/2031		45,000		39,061
Revenue, Series 2015 B, 3.50%, 06/01/2032		125,000		106,193
Revenue, Series 2015 B, 3.50%, 06/01/2033		100,000		83,305
Revenue, Series 2015 B, 4.00%, 06/01/2037		440,000		392,801
Revenue, Series 2015 B, 5.00%, 06/01/2040		455,000		445,323
Revenue, Series 2015 B, 4.00%, 06/01/2045		5,065,000		4,236,116
Palomar Health,
Obligated Group, COP,  4.00%, 11/01/2038		30,000		26,940
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 11/01/2031		2,485,000		2,480,265
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 11/01/2036		750,000		740,153
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 11/01/2039		100,000		96,295
Obligated Group, COP, Series 2017, 5.00%, 11/01/2032		2,000,000		1,994,181
Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 11/01/2042		1,455,000		1,395,361
River Islands Public Financing Authority,
Community Facilities District No. 2023-1 Improvement Area No. 2, Special Tax, Series 2024, 5.00%, 09/01/2054		2,750,000		2,772,109

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
California
Tejon Ranch Public Facilities Finance Authority,
Community Facilities District No. 2008-1, Special Tax, Refunding, Series 2024 A, 5.00%, 09/01/2054 (a)		2,250,000		2,313,034
Woodland-Davis Clean Water Agency,
Revenue, Sub. Lien, Refunding, Series 2015 B, 4.70%, 03/01/2039 (d)		1,590,952		1,430,073
				376,544,051
Colorado 1.5%
Colorado Educational & Cultural Facilities Authority,
Aspen View Academy, Inc., Revenue, Series 2021, 4.00%, 05/01/2051		1,235,000		1,092,786
Expeditionary Learning School Board of Cooperative Educational Services, Revenue, Series 2019, 5.00%, 03/01/2050 (d)		2,000,000		1,941,918
Colorado Health Facilities Authority,
BSLC Obligated Group, Revenue, Refunding, Series 2018 A-1, 5.00%, 09/15/2048		7,000,000		6,669,774
BSLC Obligated Group, Revenue, Second Tier, Refunding, Series 2018 B, 4.50%, 09/15/2038		190,000		169,606
Colorado Housing and Finance Authority,
Revenue, Series 2024 A-1, Class I, 4.60%, 10/01/2049		2,620,000		2,623,349
Revenue, Series 2024 A-1, Class I, 4.70%, 10/01/2054		3,500,000		3,519,541
Revenue, Series 2024 A-1, Class I, 4.80%, 10/01/2059		2,765,000		2,804,709
Revenue, Series 2024 A-1, Class I, 4.85%, 10/01/2064		2,150,000		2,186,664
Revenue, Series 2024 A-1, Class I, 4.88%, 10/01/2067		2,230,000		2,249,105
Hess Ranch Metropolitan District No. 5,
Special Improvement District No. 1, Special Assessment, Series 2024 A-1, 6.00%, 12/01/2043		2,500,000		2,532,321
Special Improvement District No. 1, Special Assessment, Series 2024 A-2, 6.50%, 12/01/2043 (a)		2,250,000		2,278,092
Ledge Rock Center Residential Metropolitan District No. 1,
GO, Series 2024 A, 6.38%, 12/01/2054		4,050,000		4,139,230
Prairie Center Metropolitan District No. 3,
GO, Refunding, Series 2024 A, 5.88%, 12/15/2046		2,125,000		2,287,587
GO, Series 2024 B, 5.88%, 12/15/2046		1,000,000		1,076,512
Sterling Ranch Community Authority Board,
Sterling Ranch Metropolitan District No. 1, Special Assessment, Series 2024, 5.63%, 12/01/2043		1,500,000		1,554,529
				37,125,723
Connecticut 1.0%
Connecticut State Health & Educational Facilities Authority,
Goodwin University Obligated Group, Revenue, Series A-1, 5.00%, 07/01/2044		3,000,000		3,041,655
Goodwin University Obligated Group, Revenue, Series A-1, 5.38%, 07/01/2054		6,340,000		6,408,379
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2044 (d)		3,850,000		3,694,249
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2050 (d)		1,265,000		1,176,217
University of Hartford (The), Revenue, Refunding, Series 2019 N, 4.00%, 07/01/2049		3,560,000		2,707,015
University of Hartford (The), Revenue, Series 2022 P, 5.38%, 07/01/2052		3,750,000		3,612,945
University of Hartford (The), Revenue, Refunding, Series N, 4.00%, 07/01/2039		60,000		50,701
Steel Point Infrastructure Improvement District,
Tax Allocation, Series 2024, 5.63%, 04/01/2044 (d)		1,000,000		1,051,951
Tax Allocation, Series 2024, 6.00%, 04/01/2052 (d)		2,500,000		2,673,873
				24,416,985
Delaware 0.3%
Town of Bridgeville,
Heritage Shores Special Development District, Special Tax, Series 2024, 5.25%, 07/01/2044 (d)		875,000		917,423
Heritage Shores Special Development District, Special Tax, Series 2024, 5.63%, 07/01/2053 (d)		1,535,000		1,619,025
Town of Milton,
Granary at Draper Farm Special Development District, Special Tax, Series 2024, 5.70%, 09/01/2044 (d)		1,265,000		1,304,980

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Delaware
Granary at Draper Farm Special Development District, Special Tax, Series 2024, 5.95%, 09/01/2053 (d)		3,165,000		3,264,540
				7,105,968
District of Columbia 1.3%
District of Columbia,
Latin American Montessori Bilingual Public Charter School Obligated Group, Revenue, Refunding, Series 2020, 5.00%, 06/01/2050		3,220,000		3,198,341
Rocketship DC Obligated Group, Revenue, Series 2019 A, 5.00%, 06/01/2049 (d)		4,100,000		4,002,622
Rocketship Obligated Group, Revenue, Series 2024 A, 5.75%, 06/01/2054		3,100,000		3,193,094
Rocketship Obligated Group, Revenue, Series 2024 A, 6.00%, 06/01/2058		400,000		416,764
Tobacco Settlement Financing Corp., Revenue, Series 2006 A, 0.00%, 06/15/2046 (f)		20,000,000		4,457,776
Union Market TIF Area, Tax Allocation, Series 2021 A, 0.00%, 06/01/2031 (d)(g)		2,162,000		1,901,998
Union Market TIF Area, Tax Allocation, Series 2021 A, 0.00%, 06/01/2046 (d)(g)		8,635,000		6,629,206
Union Market TIF Area, Tax Allocation, Series 2024 B, 0.00%, 06/01/2041 (d)(g)		3,750,000		2,186,610
Union Market TIF Area, Tax Allocation, Series 2024 B, 0.00%, 06/01/2049 (d)(g)		11,870,000		6,774,393
				32,760,804
Florida 22.7%
Academical Village Community Development District,
Special Assessment, Series 2020, 3.63%, 05/01/2040		4,320,000		3,655,246
Anabelle Island Community Development District,
Special Assessment, Series 2022, 4.00%, 05/01/2052		180,000		150,015
Antillia Community Development District,
Special Assessment, Series 2024, 5.60%, 05/01/2044		720,000		733,059
Special Assessment, Series 2024, 5.88%, 05/01/2054		1,000,000		1,017,908
Ave Maria Stewardship Community District,
Assessment Phase 5, Special Assessment, Series 2022, 4.00%, 05/01/2052		1,000,000		824,820
Ave Maria Stewardship Community District Series 2021 Assessment, Special Assessment, Series 2021, 4.00%, 05/01/2051		200,000		168,004
Boggy Branch Community Development District,
Special Assessment, Series 2021, 4.00%, 05/01/2051		1,595,000		1,318,648
Bridgewater North Community Development District,
Special Assessment, Series 2022, 4.00%, 05/01/2052		2,000,000		1,677,227
Buckhead Trails Community Development District,
Special Assessment, Series 2024, 5.60%, 05/01/2044		1,000,000		1,009,534
Special Assessment, Series 2024, 5.88%, 05/01/2054		1,675,000		1,690,764
Capital Projects Finance Authority,
Kissimmee Charter Academy, Revenue, Series 2024, 6.13%, 06/15/2044 (d)		420,000		431,852
Kissimmee Charter Academy, Revenue, Series 2024, 6.50%, 06/15/2054 (d)		235,000		241,515
Kissimmee Charter Academy, Revenue, Series 2024, 6.63%, 06/15/2059 (d)		1,015,000		1,042,977
Capital Trust Agency, Inc.,
Babcock Neighborhood School, Inc., Revenue, Series 2021, 4.20%, 08/15/2056 (d)		1,450,000		1,188,012
Babcock Neighborhood School, Inc., Revenue, Series 2021, 4.25%, 08/15/2061 (d)		2,250,000		1,826,273
Franklin Academy Obligated Group, Revenue, Series 2020, 5.00%, 12/15/2035 (d)		1,085,000		1,083,652
Marie Selby Botanical Gardens, Inc. (The), Revenue, Series 2021, 4.00%, 06/15/2051 (d)		2,000,000		1,547,241
WFCS Holdings II LLC, Revenue, Series 2021 A-1, 5.00%, 01/01/2056 (d)		3,250,000		3,120,454
Capital Trust Authority,
IDEA Florida, Inc., Revenue, Refunding, Series 2023 A, 6.38%, 06/15/2058 (d)		1,500,000		1,576,460

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Florida
KIPP Miami Obligated Group, Revenue, Refunding, Series 2024 A, 5.63%, 06/15/2044 (d)		810,000		844,144
KIPP Miami Obligated Group, Revenue, Refunding, Series 2024 A, 6.00%, 06/15/2054 (d)		1,250,000		1,309,695
KIPP Miami Obligated Group, Revenue, Refunding, Series 2024 A, 6.13%, 06/15/2060 (d)		1,100,000		1,154,076
Caymas Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.63%, 05/01/2054		1,000,000		1,007,590
Central Parc Community Development District,
Special Assessment, Series 2024, 4.90%, 05/01/2031		475,000		476,300
Special Assessment, Series 2024, 5.70%, 05/01/2044		750,000		755,411
Special Assessment, Series 2024, 6.00%, 05/01/2054		750,000		758,135
Chapel Creek Community Development District,
Assessment Area, Special Assessment, Series 2024, 5.75%, 05/01/2054		1,000,000		1,016,161
Charlotte County Industrial Development Authority,
MSKP Town & Country Utility LLC, Revenue, AMT, Series 2021 A, 4.00%, 10/01/2051 (d)		7,735,000		6,475,263
City of Pompano Beach,
John Knox Village of Florida, Inc. Obligated Group, Revenue, Series 2021 A, 4.00%, 09/01/2056		500,000		414,942
Coral Bay Lee County Community Development District,
Assessment Area 2, Revenue, Series 2024, 5.25%, 05/01/2044		1,000,000		1,006,850
Assessment Area 2, Revenue, Series 2024, 5.55%, 05/01/2054		1,220,000		1,230,130
Coral Creek Community Development District,
Special Assessment, Series 2024, 5.75%, 05/01/2054		1,700,000		1,731,322
Coral Lakes Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.75%, 11/01/2053		1,000,000		1,027,809
County of Palm Beach,
Provident Group - LU Properties LLC, Revenue, Series 2024 A, 6.13%, 06/01/2054		13,250,000		12,969,690
Provident Group - LU Properties LLC, Revenue, Series 2024 A, 6.25%, 06/01/2059		10,890,000		10,688,750
Crossings Community Development District,
Area 2, Special Assessment, Series 2024, 5.35%, 05/01/2044 (a)		1,000,000		1,001,558
Area 2, Special Assessment, Series 2024, 5.60%, 05/01/2054 (a)		1,375,000		1,377,116
Crosswinds East Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.75%, 05/01/2054		1,500,000		1,525,370
Dowden West Community Development District,
Special Assessment, Series 2024, 5.25%, 05/01/2044		495,000		499,799
Special Assessment, Series 2024, 5.55%, 05/01/2054		855,000		863,172
East Nassau Stewardship District,
Assessments, Special Assessment, Series 2021, 4.00%, 05/01/2051		1,510,000		1,266,760
Wildlight Village Phase 3, Special Assessment, Series 2024, 5.25%, 05/01/2044		1,505,000		1,501,060
Wildlight Village Phase 3, Special Assessment, Series 2024, 5.50%, 05/01/2055		1,605,000		1,592,883
Edgewater East Community Development District,
Assessment Area 1, Special Assessment, Series 2021, 4.00%, 05/01/2051		1,310,000		1,107,586
Assessment Area 2, Special Assessment, Series 2022, 4.00%, 05/01/2052		9,180,000		7,577,584
Epperson North Community Development District,
Assessment Area 3, Special Assessment, Series 2021 A, 4.00%, 11/01/2051		2,065,000		1,723,875
Everlands Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 5.55%, 06/15/2054		1,000,000		1,016,497
Everlands II Community Development District,
Special Assessment, Series 2024, 5.20%, 06/15/2044 (a)		725,000		725,481
Special Assessment, Series 2024, 5.45%, 06/15/2054 (a)		1,000,000		996,761

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Florida
Florida Development Finance Corp.,
AAF Operations Holdings LLC, Revenue, AMT, Refunding, Series 2024, 12.00%, 07/15/2028 (b)(d)(e)		111,910,000		119,214,634
Assistance Unlimited, Inc., Revenue, Refunding, Series 2022, 6.00%, 08/15/2057 (d)		5,000,000		5,021,840
Brightline Florida Holdings LLC, Revenue, AMT, Refunding, Series 2023 C, 8.25%, 08/15/2024 (b)(d)(e)		61,710,000		64,429,764
Brightline Trains Florida LLC, Revenue, AMT, Refunding, Series 2024, 5.25%, 07/01/2047		38,335,000		39,341,037
Brightline Trains Florida LLC, Revenue, AMT, Refunding, Series 2024, 5.50%, 07/01/2053		46,060,000		47,834,641
Cornerstone Classical Academy, Inc., Revenue, Series 2024 A, 5.00%, 06/01/2034 (d)		1,190,000		1,226,175
Cornerstone Classical Academy, Inc., Revenue, Series 2024 A, 5.25%, 06/01/2044 (d)		1,000,000		1,014,001
Cornerstone Classical Academy, Inc., Revenue, Series 2024 A, 5.50%, 06/01/2054 (d)		2,790,000		2,835,804
Cornerstone Classical Academy, Inc., Revenue, Series 2024 A, 5.50%, 06/01/2059 (d)		1,500,000		1,515,042
Downtown Doral Charter Elementary School, Inc., Revenue, Series 2017 C, 5.75%, 07/01/2047 (d)		2,000,000		2,026,393
IDEA Florida, Inc., Revenue, Series 2022, 5.25%, 06/15/2029 (d)		2,230,000		2,255,329
SFP - Tampa I LLC, Revenue, Senior Lien, Series 2024 A-1, 5.00%, 06/01/2044 (d)		1,600,000		1,632,293
SFP - Tampa I LLC, Revenue, Senior Lien, Series 2024 A-1, 5.25%, 06/01/2054 (d)		7,200,000		7,349,189
SFP - Tampa I LLC, Revenue, Senior Lien, Series 2024 A-1, 5.25%, 06/01/2059 (d)		6,550,000		6,660,238
Waste Pro USA, Inc., Revenue, AMT, Series 2021, 3.00%, 06/01/2032		10,035,000		8,776,661
Waste Pro USA, Inc., Revenue, AMT, Series 2023, 6.13%, 07/01/2026 (b)(d)(e)		1,265,000		1,298,021
Gardens at Hammock Beach Community Development District,
Assessment Area 1, Special Assessment, Series 2024-1, 5.38%, 05/01/2044		305,000		305,416
Assessment Area 1, Special Assessment, Series 2024-1, 5.65%, 05/01/2054		535,000		535,718
Assessment Area 2, Special Assessment, Series 2024-2, 5.00%, 05/01/2031		270,000		269,623
Assessment Area 2, Special Assessment, Series 2024-2, 5.60%, 05/01/2044		990,000		990,491
Assessment Area 2, Special Assessment, Series 2024-2, 5.88%, 05/01/2055		1,250,000		1,250,142
Golden Gem Community Development District,
Special Assessment, Series 2024, 5.15%, 05/01/2031		535,000		541,233
Special Assessment, Series 2024, 5.70%, 05/01/2044		2,900,000		2,941,564
Special Assessment, Series 2024, 6.00%, 05/01/2055		5,000,000		5,089,219
Gracewater Sarasota Community Development District,
Assessments, Special Assessment, Series 2021, 4.00%, 05/01/2052		2,815,000		2,331,545
Gulfstream Polo Community Development District,
Phase 2, Special Assessment, Series 2019, 4.38%, 11/01/2049		445,000		406,402
Hamilton Bluff Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.50%, 05/01/2044		1,360,000		1,377,071
Assessment Area 1, Special Assessment, Series 2024, 5.80%, 05/01/2054		2,000,000		2,021,756
Hammock Oaks Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 6.15%, 05/01/2054		1,250,000		1,276,550
Hawthorne Mill North Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 5.20%, 05/01/2044		1,000,000		1,000,102
Assessment Area 2, Special Assessment, Series 2024, 5.50%, 05/01/2054		1,400,000		1,402,295
Highland Trails Community Development District,
Assessments, Special Assessment, Series 2024, 5.85%, 05/01/2054		880,000		895,475
Hillcrest Community Development District,
Special Assessment, Series 2018, 5.00%, 11/01/2048		300,000		300,315
Hills of Minneola Community Development District,

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Florida
North Parcel Assessment Area 1, Special Assessment, Series 2024, 5.55%, 05/01/2044		650,000		662,689
North Parcel Assessment Area 1, Special Assessment, Series 2024, 5.88%, 05/01/2054		1,000,000		1,019,212
South Parcel Assessment Area, Special Assessment, Series 2020, 4.00%, 05/01/2050 (d)		3,000,000		2,557,077
South Parcel Assessment Area Phase 2, Special Assessment, Series 2021, 4.00%, 05/01/2052		1,900,000		1,598,334
Hobe-St. Lucie Conservancy District,
Unit of Development No. 1A, Special Assessment, Series 2024, 5.60%, 05/01/2044		1,900,000		1,965,464
Unit of Development No. 1A, Special Assessment, Series 2024, 5.88%, 05/01/2055		2,690,000		2,776,350
Hyde Park Community Development District No. 1,
Assessments, Special Assessment, Series 2024 A, 4.75%, 05/01/2031 (a)		295,000		294,811
Assessments, Special Assessment, Series 2024 A, 5.35%, 05/01/2044 (a)		425,000		425,317
Assessments, Special Assessment, Series 2024 A, 5.63%, 05/01/2055 (a)		685,000		685,505
Assessments, Special Assessment, Series 2024 B, 5.25%, 05/01/2034 (a)		1,705,000		1,703,573
Lake Hideaway Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.65%, 05/01/2044		2,000,000		2,014,530
Assessment Area 1, Special Assessment, Series 2024, 5.90%, 05/01/2054		2,750,000		2,759,410
Lake Mattie Preserve Community Development District,
Special Assessment, Series 2024, 5.85%, 05/01/2054		570,000		574,489
Lakes of Sarasota Community Development District,
Assessments, Special Assessment, Series 2024 A, 5.30%, 05/01/2044 (a)		425,000		424,964
Assessments, Special Assessment, Series 2024 A, 5.60%, 05/01/2055 (a)		685,000		685,441
Assessments, Special Assessment, Series 2024 B, 5.25%, 05/01/2034 (a)		2,325,000		2,328,497
Lakewood Ranch Stewardship District,
Special Assessment, Series 2024, 5.30%, 05/01/2044		485,000		491,565
Special Assessment, Series 2024, 5.55%, 05/01/2054		530,000		535,885
Assessment Star Farms Phase 1/2, Special Assessment, Series 2021, 4.00%, 05/01/2052		430,000		362,587
Landings Community Development District,
Special Assessment, Series 2024, 5.00%, 05/01/2031		275,000		276,150
Special Assessment, Series 2024, 5.50%, 05/01/2044		1,030,000		1,036,699
Special Assessment, Series 2024, 5.80%, 05/01/2055		855,000		861,822
Liberty Cove Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 4.80%, 05/01/2031 (a)		340,000		339,975
Assessment Area 1, Special Assessment, Series 2024, 5.38%, 05/01/2044 (a)		1,085,000		1,080,341
Assessment Area 1, Special Assessment, Series 2024, 5.70%, 05/01/2054 (a)		2,000,000		2,003,060
Longleaf Community Development District,
Neighborhood 4 Assessment Area 1, Special Assessment, Series 2024, 5.75%, 05/01/2054 (d)		1,000,000		1,028,306
Los Cayos Community Development District,
Special Assessment, Series 2024, 5.55%, 06/15/2054		800,000		812,042
LT Ranch Community Development District,
Assessments, Special Assessment, Series 2019, 4.00%, 05/01/2050		1,000,000		856,787
Phase IIB Assessment Area, Special Assessment, Series 2024, 5.50%, 05/01/2044		275,000		280,989
Phase IIB Assessment Area, Special Assessment, Series 2024, 5.85%, 05/01/2054		1,000,000		1,021,369
LTC Ranch West Residential Community Development District,
Assessment Area 2, Special Assessment, Series 2024 AA-2, 6.00%, 05/01/2054		605,000		612,907
Assessment Area 3, Special Assessment, Series 2024 AA-3, 6.05%, 05/01/2054		1,405,000		1,429,501
Assessment Area 4, Special Assessment, Refunding, Series 2024 AA-4, 5.38%, 05/01/2044 (a)		1,000,000		1,001,492
Assessment Area 4, Special Assessment, Refunding, Series 2024 AA-4, 5.65%, 05/01/2054 (a)		1,250,000		1,250,648

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited)

Investments	Principal Amount ($)		Value ($)
Florida
Marion Ranch Community Development District,
Special Assessment, Series 2024, 5.70%, 05/01/2044		795,000		808,851
Special Assessment, Series 2024, 5.95%, 05/01/2054		1,375,000		1,398,683
Miami Health Facilities Authority,
Miami Jewish Health Systems Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 07/01/2026		1,260,000		1,238,552
Miami Jewish Health Systems Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 07/01/2027		1,000,000		978,707
Mirada Community Development District,
Assessment Area 3, Special Assessment, Refunding, Series 2024, 6.00%, 05/01/2055		2,000,000		2,029,031
North AR-1 Pasco Community Development District,
Assessment Area 4, Special Assessment, Series 2024, 5.75%, 05/01/2054		1,135,000		1,147,644
Assessment Area 5, Special Assessment, Series 2024 A, 5.75%, 05/01/2044		1,500,000		1,526,608
Assessment Area 5, Special Assessment, Series 2024 A, 6.00%, 05/01/2054		2,000,000		2,039,411
Palm Beach County Health Facilities Authority,
Federation CCRC Operations Corp. Obligated Group, Revenue, Series 2020 A, 5.00%, 06/01/2055		145,000		141,428
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2016 B, 5.00%, 05/15/2047		875,000		854,006
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2019 B, 4.00%, 05/15/2053		150,000		121,170
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2019 B, 5.00%, 05/15/2053		2,175,000		2,075,935
Lifespace Communities, Inc. Obligated Group, Revenue, Refunding, Series 2023 C, 7.50%, 05/15/2053		965,000		1,090,407
Parker Pointe Community Development District,
Special Assessment, Series 2024, 5.50%, 05/01/2044		700,000		706,872
Special Assessment, Series 2024, 5.75%, 05/01/2054		1,000,000		1,007,377
Parker Road Community Development District,
Assessment Area, Special Assessment, Refunding, Series 2020, 4.10%, 05/01/2050		2,000,000		1,587,596
Parrish Lakes Community Development District,
Assessment Area 3, Special Assessment, Series 2024, 5.50%, 05/01/2044		1,555,000		1,559,727
Assessment Area 3, Special Assessment, Series 2024, 5.80%, 05/01/2054		2,000,000		2,005,992
Parrish Plantation Community Development District,
Assessment Area 3, Special Assessment, Series 2024, 5.80%, 05/01/2044		700,000		718,700
Assessment Area 3, Special Assessment, Series 2024, 6.05%, 05/01/2054		1,545,000		1,589,282
Peace Creek Village Community Development District,
Special Assessment, Series 2024, 5.75%, 05/01/2054		905,000		917,582
Pine Island Community Development District,
Special Assessment, Series 2004, 5.75%, 05/01/2035		2,300,000		2,310,590
Preston Cove Community Development District,
Assessments, Special Assessment, Series 2022, 4.13%, 05/01/2052		1,870,000		1,580,669
Regal Village Community Development District,
Special Assessment, Series 2024, 5.50%, 05/01/2054		725,000		732,493
River Hall Community Development District,
Assessment Area 3, Special Assessment, Series 2020 A, 3.88%, 05/01/2051		3,690,000		3,028,283
Rivers Edge II Community Development District,
Special Assessment, Series 2021, 4.00%, 05/01/2051		910,000		758,652
Rivers Edge III Community Development District,
Assessments, Special Assessment, Series 2024, 5.65%, 05/01/2044		1,665,000		1,697,459
Assessments, Special Assessment, Series 2024, 5.95%, 05/01/2055		2,225,000		2,267,680
Saltleaf Community Development District,
Assessments, Special Assessment, Series 2024, 5.63%, 05/01/2044		1,750,000		1,767,224

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Florida
Assessments, Special Assessment, Series 2024, 6.00%, 05/01/2056		3,000,000		3,052,602
Savanna Lakes Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 5.25%, 06/15/2044		625,000		625,909
Assessment Area 2, Special Assessment, Series 2024, 5.50%, 06/15/2054		750,000		751,078
Sawgrass Village Community Development District,
Assessment Area 3, Special Assessment, Series 2024, 5.55%, 05/01/2044 (d)		700,000		709,445
Assessment Area 3, Special Assessment, Series 2024, 5.88%, 05/01/2054 (d)		1,380,000		1,401,135
Shadowlawn Community Development District,
Special Assessment, Series 2024, 5.50%, 05/01/2044		1,585,000		1,598,984
Special Assessment, Series 2024, 5.85%, 05/01/2054		1,500,000		1,513,016
Silver Oaks Community Development District,
Special Assessment, Series 2024, 5.85%, 05/01/2054		1,500,000		1,528,779
Silverlake Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 5.38%, 05/01/2044		505,000		510,636
Six Mile Creek Community Development District,
Assessment Area 2, Special Assessment, Refunding, Series 2021, 4.00%, 05/01/2052		2,255,000		1,889,046
Solaeris Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.20%, 05/01/2031		500,000		505,238
Assessment Area 1, Special Assessment, Series 2024, 6.00%, 05/01/2044		1,790,000		1,847,879
Assessment Area 1, Special Assessment, Series 2024, 6.25%, 05/01/2055		2,750,000		2,818,525
Somerset Bay Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.63%, 05/01/2044 (d)		920,000		928,854
Assessment Area 1, Special Assessment, Series 2024, 5.90%, 05/01/2054 (d)		1,405,000		1,418,322
Southern Groves Community Development District No. 5,
Assessment Area, Special Assessment, Series 2024, 5.45%, 05/01/2044		1,350,000		1,372,220
Assessment Area, Special Assessment, Series 2024, 5.70%, 05/01/2050		1,035,000		1,051,820
Southshore Bay Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 5.38%, 05/01/2044		675,000		678,055
Assessment Area 2, Special Assessment, Series 2024, 5.63%, 05/01/2054		930,000		934,158
St. Johns County Industrial Development Authority,
Presbyterian Retirement Communities, Inc. Obligated Group, Revenue, Refunding, Series 2020 A, 4.00%, 08/01/2055		2,325,000		2,014,355
Summit View Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 5.63%, 05/01/2044		1,025,000		1,035,541
Assessment Area 2, Special Assessment, Series 2024, 6.00%, 05/01/2054		1,425,000		1,442,566
Talavera Community Development District, Assessments,
Special Assessment, Series 2019, 3.50%, 05/01/2025		95,000		94,502
Tern Bay Community Development District,
Special Assessment, Series 2022, 4.00%, 06/15/2052		9,260,000		7,845,702
Triple Creek Community Development District,
Assessment Area, Special Assessment, Series 2019 A, 4.75%, 05/01/2050		325,000		308,069
Villages Q & R Assessment Area, Special Assessment, Series 2021, 4.00%, 11/01/2051 (d)		850,000		707,189
Twisted Oaks Pointe Community Development District,
Assessment Area 3, Special Assessment, Series 2024, 5.63%, 05/01/2044		1,065,000		1,081,509

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Florida
Assessment Area 3, Special Assessment, Series 2024, 6.00%, 05/01/2055		1,375,000		1,399,006
Two Rivers West Community Development District,
Special Assessment, Series 2024, 5.63%, 05/01/2044 (d)		750,000		756,610
Special Assessment, Series 2024, 5.88%, 05/01/2054 (d)		1,250,000		1,260,846
Veranda Community Development District II,
Assessment Area 4, Special Assessment, Refunding, Series 2021, 4.00%, 05/01/2051 (d)		185,000		154,372
Assessment Area 5 Phase 2, Special Assessment, Refunding, Series 2024, 5.63%, 05/01/2054		1,000,000		1,017,394
Verano No. 2 Community Development District,
Pod D, Special Assessment, Series 2024, 5.80%, 05/01/2054		1,000,000		1,015,371
Village Community Development District No. 13,
Phase III, Special Assessment, Series 2021, 3.25%, 05/01/2052		1,740,000		1,343,701
Villages of Westport Community Development District,
Assessments, Special Assessment, Series 2005 A, 5.70%, 05/01/2035		3,035,000		3,048,844
Villamar Community Development District, Assessment Area 6, Special Assessment, Series 2024, 5.75%, 05/01/2054		1,000,000		1,024,489
West Villages Improvement District,
Unit of Development No. 10 Assessment Area 1, Special Assessment, Series 2024, 5.38%, 05/01/2044		1,000,000		1,009,965
Unit of Development No. 10 Assessment Area 1, Special Assessment, Series 2024, 5.63%, 05/01/2054		1,500,000		1,509,137
Unit of Development No. 7, Special Assessment, Series 2019, 5.00%, 05/01/2050		2,500,000		2,495,494
Unit of Development No. 8, Special Assessment, Series 2021, 3.50%, 05/01/2041		1,500,000		1,260,810
Westside Haines City Community Development District,
Assessment Area 2, Special Assessment, Series 2024, 6.00%, 05/01/2054		2,500,000		2,551,210
Willowbrook Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.63%, 05/01/2044		750,000		757,586
Assessment Area 1, Special Assessment, Series 2024, 5.90%, 05/01/2055		1,100,000		1,110,567
Windsor Cay Community Development District,
Assessment Area 1, Special Assessment, Series 2024, 5.75%, 05/01/2054		1,000,000		1,015,408
Wiregrass Community Development District,
Assessment Area 2, Special Assessment, Series 2016, 5.00%, 05/01/2047		1,020,000		1,020,057
Yarborough Lane Community Development District,
Yarborough Lane Community Development District Series 2024 Special Assessment, Special Assessment, Series 2024, 5.35%, 05/01/2044 (a)(d)		780,000		780,000
Yarborough Lane Community Development District Series 2024 Special Assessment, Special Assessment, Series 2024, 5.60%, 05/01/2055 (a)(d)		1,620,000		1,620,000
				568,571,810
Georgia 2.4%
Bartow County Development Authority,
Georgia Power Co., Revenue, First Series, AMT, Series 2022, 4.30%, 08/01/2024 (b)(c)		10,375,000		10,375,000
DeKalb County Development Authority,
GLOBE Academy, Inc. (The), Revenue, Series 2024 A, 5.00%, 06/01/2055		500,000		501,108
GLOBE Academy, Inc. (The), Revenue, Series 2024 A, 5.00%, 06/01/2063		1,320,000		1,305,114
Development Authority of Burke County (The),
Georgia Power Co., Revenue, Third Series, AMT, Series 2012, 4.30%, 08/01/2024 (b)(c)		9,930,000		9,930,000
Development Authority of Lagrange,
LaGrange College Obligated Group, Revenue, Refunding, Series 2021 A, 5.00%, 10/15/2052		10,000,000		8,720,109
Fulton County Residential Care Facilities for the Elderly Authority,

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Georgia
All Saints-St. Luke's Episcopal Home for the Retired Obligated Group, Revenue, Refunding, Series 2019 A, 5.00%, 04/01/2047 (d)		2,000,000		1,906,026
All Saints-St. Luke's Episcopal Home for the Retired Obligated Group, Revenue, Refunding, Series 2019 A, 5.00%, 04/01/2054 (d)		2,025,000		1,874,786
All Saints-St. Luke's Episcopal Home for the Retired Obligated Group, Revenue, Series 2021 A, 4.00%, 04/01/2041 (d)		4,000,000		3,505,635
All Saints-St. Luke's Episcopal Home for the Retired Obligated Group, Revenue, Series 2021 A, 4.00%, 04/01/2051 (d)		6,000,000		4,776,711
All Saints-St. Luke's Episcopal Home for the Retired Obligated Group, Revenue, Series 2021 A, 4.00%, 04/01/2056 (d)		3,615,000		2,792,386
Gainesville & Hall County Hospital Authority,
Northeast Georgia Health System Obligated Group, Revenue, Series 2021 A, 2.50%, 02/15/2051		1,350,000		878,370
George L Smith II Congress Center Authority,
Signia Hotel Management LLC, Revenue, Second Tier, Series 2021 B, 5.00%, 01/01/2054 (d)		10,025,000		9,400,023
Oconee County Industrial Development Authority,
Westminster Presbyterian Homes Obligated Group, Revenue, Series 2018 A-1, 6.25%, 12/01/2048		1,000,000		1,006,288
Westminster Presbyterian Homes Obligated Group, Revenue, Series 2018 A-1, 6.38%, 12/01/2053		3,000,000		3,020,492
				59,992,048
Guam 0.1%
Port Authority of Guam,
Revenue, Series 2018 A, 5.00%, 07/01/2048		1,050,000		1,064,775
Hawaii 0.3%
State of Hawaii Department of Budget & Finance,
Hawai`i Pacific University, Revenue, Refunding, Series 2024, 5.00%, 07/01/2034 (d)		3,000,000		3,078,874
Hawai`i Pacific University, Revenue, Refunding, Series 2024, 5.00%, 07/01/2039 (d)		2,780,000		2,797,171
Hawai`i Pacific University, Revenue, Refunding, Series 2024, 5.13%, 07/01/2043 (d)		2,500,000		2,469,482
				8,345,527
Idaho 0.8%
Avimor Community Infrastructure District No. 1,
Assessment Area 5, Special Assessment, Series 2024, 5.88%, 09/01/2053 (d)		2,550,000		2,654,723
County of Nez Perce,
PotlatchDeltic Corp., Revenue, Refunding, Series 2016, 2.75%, 10/01/2024		8,400,000		8,348,488
Spring Valley Community Infrastructure District No. 1,
Assessment Area 1, Special Assessment, Series 2021, 3.75%, 09/01/2051 (d)		1,413,000		1,317,697
Assessment Area 2, Special Assessment, Series 2024, 6.25%, 09/01/2053 (d)		9,000,000		9,465,800
				21,786,708
Illinois 3.6%
Bellwood Municipal Housing Corp.,
Village of Bellwood, Revenue, Series 2024, 6.38%, 12/01/2059 (d)		8,450,000		8,396,179
Chicago Board of Education,
GO, Series 2017 H, 5.00%, 12/01/2046		6,525,000		6,538,575
GO, Series 2018 D, 5.00%, 12/01/2046		11,500,000		11,530,157
GO, Series 2022 A, 5.00%, 12/01/2047		1,000,000		1,012,112
Illinois Finance Authority,
Benedictine University, Revenue, Refunding, Series 2017, 5.00%, 10/01/2038		5,320,000		4,819,216
Bradley University, Revenue, Refunding, Series 2021 A, 4.00%, 08/01/2051		4,750,000		4,097,239
Columbia College Chicago, Revenue, Series 2019, 5.00%, 12/01/2029		2,055,000		2,056,042
Columbia College Chicago, Revenue, Series 2019, 5.00%, 12/01/2044		2,175,000		2,066,556
Illinois Institute of Technology, Revenue, Refunding, Series 2019, 4.00%, 09/01/2037		350,000		302,639

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Illinois
Illinois Institute of Technology, Revenue, Refunding, Series 2019, 5.00%, 09/01/2040		250,000		235,307
Plymouth Place Obligated Group, Revenue, Refunding, Series 2021 A, 5.00%, 05/15/2036		325,000		321,555
Plymouth Place Obligated Group, Revenue, Refunding, Series 2021 A, 5.00%, 05/15/2051		410,000		365,638
Plymouth Place Obligated Group, Revenue, Refunding, Series 2021 A, 5.00%, 05/15/2056		440,000		383,979
Plymouth Place Obligated Group, Revenue, Series 2022 A, 6.63%, 05/15/2052		1,000,000		1,067,805
Roosevelt University, Revenue, Refunding, Series 2018 B, 6.00%, 04/01/2038 (d)		1,290,000		1,305,531
Washington and Jane Smith Community - Orland Park, Revenue, Refunding, Series 2022, 4.00%, 10/15/2027		485,000		471,188
Washington and Jane Smith Community - Orland Park, Revenue, Refunding, Series 2022, 4.00%, 10/15/2028		670,000		644,583
Washington and Jane Smith Community - Orland Park, Revenue, Refunding, Series 2022, 4.00%, 10/15/2029		1,050,000		999,556
Washington and Jane Smith Community - Orland Park, Revenue, Refunding, Series 2022, 4.00%, 10/15/2030		725,000		682,618
Washington and Jane Smith Community - Orland Park, Revenue, Refunding, Series 2022, 4.00%, 10/15/2037		6,000,000		5,339,098
Westminster Village, Inc. Obligated Group, Revenue, Refunding, Series 2018 A, 5.25%, 05/01/2038		2,165,000		2,165,545
Westminster Village, Inc. Obligated Group, Revenue, Refunding, Series 2018 A, 5.00%, 05/01/2048		4,030,000		3,607,203
Southwestern Illinois Development Authority,
United States Steel Corp., Revenue, AMT, Series 2012, 5.75%, 08/01/2042		2,000,000		2,000,944
Village of Bellwood,
Tax Allocation, Series 2024, 5.00%, 12/01/2050		6,750,000		6,889,356
Village of Lincolnwood,
North Lincoln Redevelopment Project Area, COP, Series 2021 A, 4.82%, 01/01/2041 (d)		5,040,000		4,850,514
Village of Rantoul,
Evans Road Redevelopment Area, Tax Allocation, Refunding, Series 2024, 5.25%, 12/01/2033 (d)		6,795,000		6,835,029
Village of Romeoville,
Lewis University, Revenue, Refunding, Series 2018 B, 4.13%, 10/01/2041		4,940,000		4,423,173
Lewis University, Revenue, Refunding, Series 2018 B, 4.13%, 10/01/2046		2,525,000		2,172,712
Western Illinois Economic Development Authority,
Memorial Hospital Association, Revenue, Refunding, Series 2016, 4.00%, 06/01/2036		1,500,000		1,317,832
				86,897,881
Indiana 1.0%
Indiana Finance Authority,
Lutheran University Association, Inc. (The), Revenue, Series 2014, 5.00%, 10/01/2039		750,000		750,213
Rock Creek Community Academy, Inc., Revenue, Series 2018 A, 5.88%, 07/01/2038 (d)		1,800,000		1,830,162
Indiana Housing & Community Development Authority,
Revenue, GNMA Insured, Series 2024 C-1, 4.70%, 07/01/2049 (a)		16,030,000		16,072,909
Revenue, GNMA Insured, Series 2024 C-1, 4.80%, 07/01/2054 (a)		3,890,000		3,912,080
Town of Whiteland,
Patch Economic Development Area, Tax Allocation, Series 2022 A, 5.75%, 09/01/2047 (d)		805,000		802,955
Patch Economic Development Area, Tax Allocation, Series 2024 A, 6.13%, 03/01/2049 (d)		2,725,000		2,769,464
				26,137,783
Iowa 1.4%
Crawford County Memorial Hospital, Inc.,
Revenue, Series 2024, 5.00%, 06/15/2027 (a)		1,515,000		1,523,350
Iowa Finance Authority,
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2016 A, 5.00%, 05/15/2047		4,800,000		4,684,835

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Iowa
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2018 A, 5.00%, 05/15/2043		3,920,000		3,886,705
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2018 A, 5.00%, 05/15/2048		17,790,000		17,282,494
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2019 A-1, 5.00%, 05/15/2055		7,065,000		6,713,617
Lifespace Communities, Inc. Obligated Group, Revenue, Refunding, Series 2021 A, 4.00%, 05/15/2029		1,000,000		973,998
				35,064,999
Kansas 0.4%
City of Colby,
Citizens Medical Center, Inc., Revenue, Series 2024, 5.50%, 07/01/2026		7,000,000		7,021,402
Wyandotte County-Kansas City Unified Government,
Sales Tax, Tax Allocation, Refunding, Series 2022, 5.75%, 09/01/2039 (d)		2,500,000		2,572,944
				9,594,346
Kentucky 0.0% (h)
City of Campbellsville,
Campbellsville University, Inc., Revenue, Refunding, Series 2017, 4.50%, 03/01/2047		840,000		718,354
Louisville/Jefferson County Metropolitan Government,
Bellarmine University, Inc., Revenue, Refunding, Series 2015, 5.00%, 05/01/2027		500,000		494,494
				1,212,848
Louisiana 1.3%
Calcasieu Parish Memorial Hospital Service District,
Southwest Louisiana Healthcare System Obligated Group, Revenue, Refunding, Series 2019, 5.00%, 12/01/2034		250,000		248,741
Southwest Louisiana Healthcare System Obligated Group, Revenue, Refunding, Series 2019, 5.00%, 12/01/2039		8,305,000		8,123,683
Greater Ouachita Water Co.,
Revenue, BAM Insured, Series 2024, 4.50%, 09/01/2053		1,500,000		1,506,459
Louisiana Local Government Environmental Facilities & Community Development Authority,
Provident Group - ULM Properties LLC, Revenue, Series 2019 A, 5.00%, 07/01/2029 (d)		975,000		971,183
Provident Group - ULM Properties LLC, Revenue, Series 2019 A, 5.00%, 07/01/2039 (d)		2,900,000		2,745,112
Provident Group - ULM Properties LLC, Revenue, Series 2019 A, 5.00%, 07/01/2054 (d)		8,265,000		7,183,670
Louisiana Public Facilities Authority,
Athlos Academy of Jefferson, Revenue, Series 2024 A, 7.38%, 06/01/2054 (d)		6,000,000		6,261,722
Parish of St. James,
NuStar Logistics LP, Revenue, Series 2010, 6.35%, 07/01/2040 (d)		1,000,000		1,103,873
Plaquemines Port Harbor & Terminal District,
Nola Terminal LLC, Revenue, AMT, Series 2024 A, 9.00%, 12/01/2044 (d)		5,000,000		4,981,912
				33,126,355
Maine 0.4%
Maine Health & Higher Educational Facilities Authority,
Northern Light Health Obligated Group, Revenue, Series 2016 A, 5.00%, 07/01/2041		3,500,000		3,441,558
Northern Light Health Obligated Group, Revenue, Series 2016 A, 5.00%, 07/01/2046		8,000,000		7,535,934
				10,977,492
Maryland 0.3%
County of Prince George's,
Westphalia Town Center Development District, Tax Allocation, Series 2018, 5.25%, 07/01/2048 (d)		3,000,000		3,031,610
Maryland Economic Development Corp.,
PRG-Towson Place Properties LLC, Revenue, Senior Lien, Refunding, Series 2024 A-1, 5.00%, 06/01/2038		1,000,000		1,043,784

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Maryland
Maryland Health & Higher Educational Facilities Authority,
Maryland Institute College of Art, Revenue, Refunding, Series 2024, 5.50%, 06/01/2047		1,830,000		1,949,105
				6,024,499
Massachusetts 0.7%
Massachusetts Development Finance Agency,
Suffolk University, Revenue, Series 2021, 4.00%, 07/01/2051		2,675,000		2,315,020
Massachusetts Educational Financing Authority,
Revenue, AMT, Refunding, Series 2024 D, 5.00%, 07/01/2054		14,855,000		15,001,932
				17,316,952
Michigan 0.7%
Detroit Downtown Development Authority,
Catalyst Development Area, Tax Allocation, Refunding, Series 2024, 5.00%, 07/01/2048		8,000,000		8,410,638
Flint Hospital Building Authority,
Hurley Medical Center, Revenue, Series 2013 A, 5.25%, 07/01/2039		2,000,000		1,959,859
Hurley Medical Center, Revenue, Refunding, Series 2020, 4.00%, 07/01/2041		145,000		131,996
Michigan Finance Authority,
Albion College, Revenue, Refunding, Series 2022, 5.00%, 12/01/2030		1,055,000		760,661
Albion College, Revenue, Refunding, Series 2022, 5.00%, 12/01/2031		765,000		543,668
Albion College, Revenue, Refunding, Series 2022, 5.00%, 12/01/2032		810,000		567,335
Albion College, Revenue, Refunding, Series 2022, 4.00%, 12/01/2034		725,000		493,028
Albion College, Revenue, Refunding, Series 2022, 4.00%, 12/01/2051		1,100,000		663,128
Aquinas College, Revenue, Refunding, Series 2021, 4.00%, 05/01/2031		1,080,000		960,272
Hanley International Academy, Inc., Revenue, Refunding, Series 2021, 5.00%, 09/01/2040		2,000,000		1,988,761
Provident Group - HFH Energy LLC, Revenue, Series 2024, 5.50%, 02/28/2057		2,750,000		3,032,462
Michigan Strategic Fund,
United Methodist Retirement Communities, Inc. Obligated Group, Revenue, Refunding, Series 2020, 5.00%, 05/15/2044		1,000,000		921,949
				20,433,757
Minnesota 0.3%
City of Bethel Housing and Health Care Facilities,
Second Century Housing & Owatonna Senior Living LLC Obligated Group, Revenue, Refunding, Series 2024 A, 6.13%, 03/01/2044		1,250,000		1,278,550
Second Century Housing & Owatonna Senior Living LLC Obligated Group, Revenue, Refunding, Series 2024 A, 6.13%, 03/01/2049		1,400,000		1,406,453
City of Cologne,
Cologne Academy, Revenue, Series 2014 A, 5.00%, 07/01/2045		3,565,000		3,528,182
City of Marshall,
Southwest & West Central Service Cooperatives, Revenue, Series 2024 A, 5.13%, 02/01/2041		675,000		689,199
Southwest & West Central Service Cooperatives, Revenue, Series 2024 A, 5.38%, 02/01/2045		725,000		740,479
				7,642,863
Mississippi 0.2%
Mississippi Business Finance Corp.,
Mississippi Power Co., Revenue, First Series, AMT, Series 2022, 4.45%, 08/01/2024 (b)(c)		4,700,000		4,700,000
Missouri 1.0%
Citizens Memorial Hospital District,
Revenue, Series 2024 D, 6.75%, 02/01/2053		475,000		463,281
Grindstone Plaza Transportation Development District,
Revenue, Series 2006 A, 5.40%, 10/01/2026		365,000		364,647
Revenue, Series 2006 A, 5.50%, 10/01/2031		2,280,000		2,268,509

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Missouri
Revenue, Series 2006 A, 5.55%, 10/01/2036		1,840,000		1,804,356
Health & Educational Facilities Authority of the State of Missouri,
Lutheran Senior Services Obligated Group, Revenue, Refunding, Series 2019 C, 4.00%, 02/01/2048		1,000,000		890,593
Industrial Development Authority of the City of St. Louis Missouri (The),
Revenue, Refunding, Series 2024 A, 4.88%, 06/15/2034		560,000		572,799
Revenue, Refunding, Series 2024 A, 5.75%, 06/15/2054		7,200,000		7,352,888
Kansas City Industrial Development Authority,
Ward Parkway Center Community Improvement District, Revenue, Refunding, Series 2016 A, 5.00%, 04/01/2036 (d)		1,000,000		971,072
Ward Parkway Center Community Improvement District, Revenue, Refunding, Series 2016 A, 5.00%, 04/01/2046 (d)		1,100,000		1,003,694
Lees Summit Industrial Development Authority,
John Knox Village Obligated Group, Revenue, Refunding, Series 2024 A, 5.25%, 08/15/2044		540,000		558,297
John Knox Village Obligated Group, Revenue, Refunding, Series 2024 A, 5.63%, 08/15/2054		1,940,000		2,009,944
John Knox Village Obligated Group, Revenue, Refunding, Series 2024 A, 5.75%, 08/15/2059		1,835,000		1,898,599
Rolla Industrial Development Authority,
Westside Marketplace Redevelopment Project - RPA 1, Tax Allocation, Series 2017 A, 5.38%, 05/01/2044		860,000		860,108
St. Charles County Industrial Development Authority,
Economic Development Council of St. Charles County Suemandy/Mid-Rivers Sales Tax, Revenue, Series 2016, 4.00%, 10/01/2028 (d)		45,000		42,702
Economic Development Council of St. Charles County Suemandy/Mid-Rivers Sales Tax, Revenue, Series 2016, 4.25%, 10/01/2034 (d)		1,325,000		1,180,444
Economic Development Council of St. Charles County Suemandy/Mid-Rivers Sales Tax, Revenue, Series 2016, 5.00%, 10/01/2046 (d)		3,775,000		3,229,037
				25,470,970
Montana 0.0% (h)
Montana Facility Finance Authority,
Montana Children's Home and Hospital, Revenue, Series 2020 A, 4.00%, 07/01/2044		530,000		394,606
Montana Children's Home and Hospital, Revenue, Series 2020 A, 4.00%, 07/01/2050		470,000		316,124
				710,730
Nebraska 0.1%
Lincoln Airport Authority,
Revenue, AMT, Series 2021, 4.00%, 07/01/2035		3,045,000		3,033,623
Nevada 0.9%
City of Las Vegas,
Special Improvement District No. 613, Special Assessment, Series 2024, 5.25%, 12/01/2047		550,000		555,705
Special Improvement District No. 613, Special Assessment, Series 2024, 5.50%, 12/01/2053		600,000		605,457
State of Nevada Department of Business & Industry,
DesertXpress Enterprises LLC, Revenue, AMT, Series 2020 A-3, 8.13%, 08/15/2024 (b)(d)(e)		560,000		587,295
DesertXpress Enterprises LLC, Revenue, AMT, Series 2020 A-4, 8.13%, 08/15/2025 (a)(b)(e)		22,000,000		22,302,608
				24,051,065
New Hampshire 1.0%
New Hampshire Business Finance Authority,
Brazoria-Fort Bend County Municipal Utility District No. 3, Revenue, Series 2024, 4.88%, 12/01/2033 (d)		8,000,000		8,001,768
Novant Health Obligated Group, Revenue, Series 2024 B, 4.10%, 08/09/2024 (b)(c)		5,500,000		5,500,000
Pennichuck Water Works, Inc., Revenue, AMT, Series 2024 A, 5.50%, 04/01/2043		200,000		208,601
Pennichuck Water Works, Inc., Revenue, AMT, Series 2024 A, 5.38%, 04/01/2049		295,000		297,800
Pennichuck Water Works, Inc., Revenue, AMT, Series 2024 A, 5.50%, 04/01/2054		275,000		277,650

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
New Hampshire
Pennichuck Water Works, Inc., Revenue, AMT, Series 2024 A, 5.63%, 04/01/2059		350,000		353,827
Reworld Holding Corp., Revenue, Refunding, Series 2018 B, 4.63%, 11/01/2042 (d)		7,995,000		7,551,076
Reworld Holding Corp., Revenue, Refunding, Series 2020 A, 3.63%, 07/02/2040 (b)(d)(e)		250,000		209,026
Reworld Holding Corp., Revenue, AMT, Refunding, Series 2020 B, 3.75%, 07/02/2040 (b)(d)(e)		5,000,000		4,224,077
New Hampshire Health and Education Facilities Authority Act,
Catholic Medical Center Obligated Group, Revenue, Series 2017, 3.75%, 07/01/2040		1,265,000		1,096,828
				27,720,653
New Jersey 0.3%
Hillsborough Township School District,
GO, Series 2020, 2.00%, 07/15/2036		285,000		217,221
New Jersey Economic Development Authority,
LEAP Academy University Charter School, Inc., Revenue, Series 2014 A, 6.20%, 10/01/2044 (d)		100,000		100,144
Teaneck Community Charter School A New Jersey Nonprofit Corp., Revenue, Refunding, Series 2017 A, 5.00%, 09/01/2037 (d)		1,120,000		1,138,328
United Airlines, Inc., Revenue, AMT, Refunding, Series 2012, 5.75%, 09/15/2027		500,000		500,415
New Jersey Educational Facilities Authority,
Rider University A New Jersey Non-Profit Corp., Revenue, Series 2017 F, 5.00%, 07/01/2047‡ (i)		3,250,000		2,528,473
New Jersey Higher Education Student Assistance Authority,
Revenue, AMT, Series 2024 C, 5.25%, 12/01/2054		4,050,000		4,126,596
New Jersey Housing & Mortgage Finance Agency,
Forest Hill House Preservation Urban Renewal LLC, Revenue, GNMA Insured, Series 2024 A-1, 5.00%, 01/20/2066		500,000		508,927
				9,120,104
New Mexico 0.2%
Aspire Public Improvement District,
Special Tax, Series 2024, 5.05%, 10/01/2044		500,000		502,276
Special Tax, Series 2024, 5.30%, 10/01/2053		810,000		813,082
New Mexico Hospital Equipment Loan Council, Haverland Carter Lifestyle Obligated Group, Revenue, Series 2019 A, 5.00%, 07/01/2039		2,000,000		1,862,399
				3,177,757
New York 8.3%
Build NYC Resource Corp.,
Albert Einstein College of Medicine, Inc., Revenue, Series 2015, 5.50%, 09/01/2045 (d)		1,000,000		1,003,218
Shefa School, Revenue, Series 2021 A, 5.00%, 06/15/2051 (d)		5,750,000		5,669,354
Hempstead Town Local Development Corp.,
Evergreen Charter School, Inc., Revenue, Series 2022 A, 5.25%, 06/15/2052		7,000,000		7,148,666
Monroe County Industrial Development Corp.,
St. Ann's of Greater Rochester Obligated Group, Revenue, Refunding, Series 2019, 4.00%, 01/01/2030		800,000		758,051
St. Ann's of Greater Rochester Obligated Group, Revenue, Refunding, Series 2019, 5.00%, 01/01/2040		14,850,000		13,864,559
St. Ann's of Greater Rochester Obligated Group, Revenue, Refunding, Series 2019, 5.00%, 01/01/2050		750,000		636,396
Nassau County Tobacco Settlement Corp.,
Revenue, Series 2006 A-3, 5.13%, 06/01/2046		2,210,000		2,036,701
New York City Industrial Development Agency,
123 Washington LLC, Revenue, Series 2007, 4.25%, 08/01/2024 (b)(c)		3,585,000		3,585,000
Yankee Stadium LLC, Revenue, Refunding, Series 2020 A, 3.00%, 03/01/2049		4,000,000		2,986,763

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
New York
New York Convention Center Development Corp.,
New York City Hotel Unit Fee, Revenue, Senior Lien, BAM Insured, Series A, 0.00%, 11/15/2055 (f)		4,785,000		1,147,425
New York Liberty Development Corp.,
3 World Trade Center LLC, Revenue, Refunding, Series 2014, Class 3, 7.25%, 11/15/2044 (d)		2,000,000		2,008,449
New York State Dormitory Authority,
Garnet Health Medical Center Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 12/01/2031 (d)		1,000,000		990,773
Garnet Health Medical Center Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 12/01/2032 (d)		1,100,000		1,088,628
Garnet Health Medical Center Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 12/01/2037 (d)		2,000,000		1,944,736
Montefiore Obligated Group, Revenue, Refunding, Series 2018 A, 5.00%, 08/01/2024		5,000		5,000
St. Joseph's College, Revenue, Series 2021, 5.00%, 07/01/2051		1,750,000		1,608,060
New York Transportation Development Corp.,
JFK NTO LLC, Revenue, AMT, AGMC Insured, Series 2024, 5.00%, 06/30/2054		2,310,000		2,398,032
JFK NTO LLC, Revenue, AMT, Series 2024, 5.00%, 06/30/2060		2,500,000		2,547,386
JFK NTO LLC, Revenue, AMT, AGMC Insured, Series 2024, 5.25%, 06/30/2060		34,510,000		36,427,548
JFK NTO LLC, Revenue, AMT, Series 2024, 5.50%, 06/30/2060		39,730,000		42,270,304
Niagara Area Development Corp.,
Reworld Holding Corp., Revenue, AMT, Refunding, Series 2018 A, 4.75%, 11/01/2042 (d)		1,500,000		1,421,739
Oneida Indian Nation of New York,
Revenue, Series 2024 B, 6.00%, 09/01/2043 (d)		5,500,000		6,033,432
Onondaga Civic Development Corp.,
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.00%, 08/01/2032		425,000		442,325
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.00%, 08/01/2033		385,000		401,471
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.00%, 08/01/2034		350,000		365,607
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.13%, 08/01/2044		1,250,000		1,268,417
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.38%, 08/01/2054		12,230,000		12,533,072
Suffolk Regional Off-Track Betting Co.,
Revenue, Series 2024, 5.75%, 12/01/2044		18,000,000		18,810,101
Revenue, Series 2024, 6.00%, 12/01/2053		21,200,000		22,241,221
Westchester County Industrial Development Agency,
Million Air Two LLC Obligated Group, Revenue, AMT, Series 2017 A, 7.00%, 06/01/2046 (d)		3,000,000		2,979,247
Westchester County Local Development Corp.,
Purchase Senior Learning Community Obligated Group, Revenue, Refunding, Series 2021 A, 5.00%, 07/01/2046 (d)		3,135,000		3,142,134
Purchase Senior Learning Community Obligated Group, Revenue, Refunding, Series 2021 A, 5.00%, 07/01/2056 (d)		6,410,000		6,279,535
				206,043,350
North Carolina 0.3%
North Carolina Capital Facilities Finance Agency,
Meredith College, Revenue, Refunding, Series 2018, 5.00%, 06/01/2038		2,000,000		1,995,789
North Carolina Medical Care Commission,
Carolina Meadows, Inc. Obligated Group, Revenue, Series 2024, 5.25%, 12/01/2054		4,000,000		4,242,091
Presbyterian Home at Charlotte, Inc. (The), Revenue, Refunding, Series 2019 A, 5.00%, 07/01/2049		600,000		570,461
				6,808,341

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
North Dakota 0.4%
City of Horace,
GO, Refunding, Series 2024 A, 5.38%, 05/01/2050		800,000		806,518
County of Ward,
Trinity Health Obligated Group, Revenue, Series 2017 C, 5.00%, 06/01/2029		1,300,000		1,308,747
Trinity Health Obligated Group, Revenue, Series 2017 C, 5.00%, 06/01/2031		1,665,000		1,675,444
Trinity Health Obligated Group, Revenue, Series 2017 C, 5.00%, 06/01/2038		2,000,000		1,997,437
Trinity Health Obligated Group, Revenue, Series 2017 C, 5.00%, 06/01/2043		2,800,000		2,734,353
Trinity Health Obligated Group, Revenue, Series 2017 C, 5.00%, 06/01/2048		3,500,000		3,256,861
				11,779,360
Ohio 3.9%
Buckeye Tobacco Settlement Financing Authority,
Revenue, Senior Lien, Refunding, Series 2020 B-3, Class 2, 0.00%, 06/01/2057 (f)		53,200,000		4,989,128
City of Brecksville,
Valor Acres TIF Area, Tax Allocation, Series 2022, 5.63%, 12/01/2053 (d)		3,880,000		3,847,683
Cleveland-Cuyahoga County Port Authority,
Playhouse Square Foundation, Revenue, Refunding, Series 2018, 5.50%, 12/01/2043		1,290,000		1,324,859
Columbus-Franklin County Finance Authority,
Revenue, Series 2019 A-1, 5.00%, 12/01/2051		5,000,000		5,018,239
County of Butler,
UC Health Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 11/15/2045		1,000,000		1,000,473
County of Cuyahoga,
Eliza Jennings Obligated Group, Revenue, Refunding, Series 2022 A, 5.00%, 05/15/2032		2,295,000		2,297,713
County of Fairfield,
Fairfield Medical Center Obligated Group, Revenue, Refunding, Series 2013, 5.00%, 06/15/2043		4,295,000		3,882,634
County of Hamilton,
UC Health Obligated Group, Revenue, Series 2020, 4.00%, 09/15/2050		3,175,000		2,793,990
UC Health Obligated Group, Revenue, Series 2020, 5.00%, 09/15/2050		7,000,000		7,000,589
County of Hardin,
Ohio Northern University, Revenue, Refunding, Series 2020, 4.00%, 05/01/2026		195,000		190,982
Ohio Northern University, Revenue, Refunding, Series 2020, 5.00%, 05/01/2030		1,000,000		995,395
Ohio Northern University, Revenue, Refunding, Series 2020, 5.25%, 05/01/2040		1,425,000		1,373,559
Ohio Northern University, Revenue, Refunding, Series 2020, 5.50%, 05/01/2050		3,000,000		2,843,350
County of Lucas,
Promedica Healthcare Obligated Group, Revenue, Series 2015 B, 4.00%, 11/15/2045		885,000		704,752
Promedica Healthcare Obligated Group, Revenue, Refunding, Series 2018 A, 5.25%, 11/15/2048		16,595,000		16,961,514
County of Muskingum,
Genesis Healthcare System Obligated Group, Revenue, Series 2013, 5.00%, 02/15/2044		2,115,000		2,075,701
Genesis Healthcare System Obligated Group, Revenue, Series 2013, 5.00%, 02/15/2048		1,000,000		961,540
County of Washington,
Marietta Area Health Care, Inc. Obligated Group, Revenue, Refunding, Series 2022, 6.63%, 12/01/2042		100,000		110,039
Marietta Area Health Care, Inc. Obligated Group, Revenue, Refunding, Series 2022, 6.75%, 12/01/2052		11,700,000		12,783,435
Ohio Air Quality Development Authority,
American Electric Power Co., Inc., Revenue, AMT, Refunding, Series 2005 B, 2.10%, 10/01/2024 (b)(e)		1,000,000		995,265
AMG Vanadium LLC, Revenue, AMT, Series 2019, 5.00%, 07/01/2049 (d)		4,500,000		4,237,221
Ohio Valley Electric Corp., Revenue, Series 2009 C, 1.50%, 11/04/2025 (b)(e)		1,045,000		998,017

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Ohio
Southeastern Ohio Port Authority,
Marietta Area Health Care, Inc. Obligated Group, Revenue, Refunding, Series 2015, 5.00%, 12/01/2035		1,750,000		1,679,404
Marietta Area Health Care, Inc. Obligated Group, Revenue, Refunding, Series 2015, 5.00%, 12/01/2043		6,695,000		6,204,325
Marietta Area Health Care, Inc. Obligated Group, Revenue, Refunding, Series 2015, 5.50%, 12/01/2043		6,375,000		6,280,475
Summit County Development Finance Authority,
UAkronPark, Inc., Revenue, Series 2023, 5.63%, 12/01/2048		800,000		866,222
UAkronPark, Inc., Revenue, Series 2023, 5.75%, 12/01/2053		1,400,000		1,516,052
UAkronPark, Inc., Revenue, Series 2023, 6.00%, 12/01/2058		3,000,000		3,297,131
Warren County Port Authority,
Ohio Communities Accelerator Fund, Revenue, Series 2024 A, 6.70%, 12/01/2056		605,000		663,557
				97,893,244
Oklahoma 1.1%
Norman Regional Hospital Authority,
Obligated Group, Revenue, Refunding, Series 2016, 4.00%, 09/01/2037		735,000		645,556
Obligated Group, Revenue, Series 2019, 4.00%, 09/01/2045		630,000		522,733
Oklahoma County Finance Authority,
Aerospace Science and Technology Education Center, Inc., Revenue, Series 2024, 6.00%, 06/15/2044 (d)		1,800,000		1,847,084
Aerospace Science and Technology Education Center, Inc., Revenue, Series 2024, 6.25%, 06/15/2054 (d)		3,200,000		3,270,866
Aerospace Science and Technology Education Center, Inc., Revenue, Series 2024, 6.50%, 06/15/2064 (d)		11,650,000		12,025,533
Oklahoma Development Finance Authority,
OU Medicine Obligated Group, Revenue, Series 2018 B, 5.00%, 08/15/2038		1,500,000		1,538,638
Tulsa Airports Improvement Trust,
American Airlines, Inc., Revenue, AMT, Refunding, Series 2001 B, 5.50%, 12/01/2035		2,800,000		2,802,597
Tulsa Authority for Economic Opportunity,
Increment District No. 8, Tax Allocation, Series 2021, 4.38%, 12/01/2041 (d)		1,980,000		1,826,390
				24,479,397
Oregon 0.3%
Oregon State Facilities Authority,
Portland Village School, Revenue, Series 2024 A, 6.75%, 12/15/2054 (d)		2,000,000		2,010,818
Portland Village School, Revenue, Series 2024 A, 7.00%, 12/15/2060 (d)		2,000,000		2,029,143
Yamhill County Hospital Authority,
Friendsview Manor Obligated Group, Revenue, Refunding, Series 2016 A, 5.00%, 11/15/2046		2,300,000		1,932,190
				5,972,151
Pennsylvania 3.5%
Allegheny County Higher Education Building Authority,
Carnegie Mellon University, Revenue, Refunding, Series 2008 A, 4.10%, 08/01/2024 (b)(c)		6,700,000		6,700,000
Allentown Neighborhood Improvement Zone Development Authority,
Total Waterfront, Revenue, Series 2024 A, 5.25%, 05/01/2032 (d)		750,000		787,828
Total Waterfront, Revenue, Series 2024 A, 5.25%, 05/01/2042 (d)		1,725,000		1,767,918
Total Waterfront, Revenue, Series 2024 B, 6.00%, 05/01/2042 (d)		12,750,000		13,486,640
Beaver County Industrial Development Authority,
Energy Harbor Generation LLC, Revenue, Refunding, Series 2008 B, 3.75%, 10/01/2047		10,060,000		8,685,679
Bethlehem Redevelopment Authority,
Moravian University Obligated Group, Revenue, Series 2024, 5.25%, 10/01/2049		1,500,000		1,564,244
Bucks County Industrial Development Authority,
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2027		275,000		273,117
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2028		525,000		520,593

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Pennsylvania
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2029		550,000		544,739
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2032		1,000,000		983,986
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2033		1,150,000		1,129,044
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2034		1,355,000		1,327,734
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2035		1,100,000		1,073,838
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2036		1,250,000		1,212,107
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2037		2,650,000		2,560,990
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2038		1,725,000		1,656,981
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2039		2,930,000		2,802,818
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2040		3,000,000		2,861,071
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 4.00%, 07/01/2046		9,920,000		7,901,780
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 4.00%, 07/01/2051		5,480,000		4,174,020
Grand View Hospital/Sellersville PA Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2041		1,225,000		1,162,107
Chester County Industrial Development Authority,
Collegium Charter School, Revenue, Series 2017 A, 5.13%, 10/15/2037		1,000,000		1,006,411
General Authority of Southcentral Pennsylvania,
WellSpan Health Obligated Group, Revenue, Refunding, Series 2019 E, 4.10%, 08/01/2024 (b)(c)		3,600,000		3,600,000
Lehigh County General Purpose Authority,
Muhlenberg College, Revenue, Refunding, Series 2024, 5.25%, 02/01/2054		1,600,000		1,688,027
Pennsylvania Economic Development Financing Authority,
Reworld Holding Corp., Revenue, AMT, Series 2019 A, 3.25%, 08/01/2039 (d)		3,000,000		2,423,585
Talen Energy Supply LLC, Revenue, Refunding, Series 2009 B, 5.25%, 06/01/2027 (b)(e)		4,500,000		4,571,506
Talen Energy Supply LLC, Revenue, Refunding, Series 2009 C, 5.25%, 06/01/2027 (b)(e)		6,675,000		6,781,548
Pennsylvania Higher Education Assistance Agency,
Revenue, AMT, Series 2020 B, 3.00%, 06/01/2047		835,000		623,483
Pennsylvania Higher Educational Facilities Authority,
Foundation for Indiana University of Pennsylvania Phase II Student Housing, Revenue, AGMC Insured, Series 2007 A, (3-month SOFR + 0.65%), 4.37%, 07/01/2039 (e)		500,000		464,082
Widener University, Revenue, Refunding, Series 2014, 5.00%, 07/15/2038		1,810,000		1,795,552
Philadelphia Authority for Industrial Development,
Frankford Valley Foundation for Literacy, Revenue, Refunding, Series 2024, 5.00%, 06/15/2043 (d)		1,475,000		1,494,301
Philadelphia Performing Arts Charter School, Revenue, Refunding, Series 2020, 5.00%, 06/15/2050 (d)		1,000,000		1,003,417
St. Mary Hospital Authority,
Trinity Health Corp. Obligated Group, Revenue, Series 2007 F, (3-month SOFR + 0.83%), 4.57%, 11/15/2034 (e)		2,035,000		1,985,634
				90,614,780
Puerto Rico 0.5%
Children's Trust Fund,
Revenue, Series 2002, 5.63%, 05/15/2043		295,000		298,795
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority,
San Juan Cruise Port LLC, Revenue, AMT, Series 2023 A-1, 6.75%, 01/01/2045		5,000,000		5,913,736
San Juan Cruise Port LLC, Revenue, AMT, Series 2023 A-2, 6.75%, 01/01/2045		5,000,000		5,913,736
				12,126,267

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Rhode Island 0.7%
Rhode Island Housing & Mortgage Finance Corp.,
Revenue, GNMA Insured, Series 83-A, 4.90%, 10/01/2054		16,760,000		16,940,255
Tobacco Settlement Financing Corp.,
Revenue, Series 2007 A, 0.00%, 06/01/2052 (f)		5,500,000		1,040,910
				17,981,165
South Carolina 0.1%
South Carolina Public Service Authority,
Revenue, Refunding, Series 2014 A, 5.50%, 12/01/2054		1,775,000		1,784,326
Tennessee 0.1%
Metropolitan Government Nashville & Davidson County Industrial Development Board,
South Nashville Central Business Improvement District, Special Assessment, Series 2021 A, 4.00%, 06/01/2051 (d)		3,140,000		2,673,480
South Nashville Central Business Improvement District, Special Assessment, Senior Lien, Series 2021 B, 0.00%, 06/01/2043 (d)(f)		1,800,000		717,989
Shelby County Health Educational & Housing Facilities Board,
Trezevant Episcopal Home Obligated Group, Revenue, Refunding, Series 2016 A, 5.00%, 09/01/2024 (d)		1,000,000		998,315
				4,389,784
Texas 7.6%
Abilene Convention Center Hotel Development Corp.,
City of Abilene Abilene Convention Center, Revenue, First Lien, Series 2021 A, 4.00%, 10/01/2050		300,000		245,252
Arlington Higher Education Finance Corp.,
BASIS Texas Charter Schools, Inc., Revenue, Series 2024, 4.75%, 06/15/2049 (d)		1,785,000		1,761,713
BASIS Texas Charter Schools, Inc., Revenue, Series 2024, 4.88%, 06/15/2054 (d)		1,050,000		1,047,416
BASIS Texas Charter Schools, Inc., Revenue, Series 2024, 4.88%, 06/15/2059 (d)		1,000,000		989,120
BASIS Texas Charter Schools, Inc., Revenue, Series 2024, 5.00%, 06/15/2064 (d)		1,200,000		1,191,632
Brooks Collegiate Academy / Brooks Lone Star Academy, Revenue, Series 2021 A, 5.00%, 06/15/2041		3,000,000		2,880,523
Brooks Collegiate Academy / Brooks Lone Star Academy, Revenue, Series 2021 A, 5.00%, 06/15/2051		4,505,000		4,148,788
Cypress Christian School, Inc., Revenue, Series 2024, 5.75%, 06/01/2043 (d)		1,500,000		1,554,056
City of Anna,
Meadow Vista Public Improvement District Improvement Area No. 1, Special Assessment, Series 2024, 5.50%, 09/15/2044 (d)		850,000		852,550
Meadow Vista Public Improvement District Improvement Area No. 1, Special Assessment, Series 2024, 5.75%, 09/15/2054 (d)		1,200,000		1,204,043
Sherley Tract Public Improvement District No. 2 Improvement Area No. 1, Special Assessment, Series 2021, 4.00%, 09/15/2041 (d)		867,000		774,448
Sherley Tract Public Improvement District No. 2 Improvement Area No. 1, Special Assessment, Series 2021, 4.25%, 09/15/2051 (d)		1,407,000		1,219,545
City of Celina,
Special Assessment, Series 2024, 5.50%, 09/01/2044 (d)		475,000		484,571
Special Assessment, Series 2024, 5.75%, 09/01/2054 (d)		1,350,000		1,379,978
Celina Hills Public Improvement District, Special Assessment, Series 2022, 4.88%, 09/01/2042 (d)		1,084,000		1,064,964
Sutton Fields East Public Improvement District Phase No. 1, Special Assessment, Series 2022, 4.00%, 09/01/2043 (d)		1,050,000		908,458
Sutton Fields II Public Improvement District Neighborhood Improvement Area No. 5, Special Assessment, Series 2022, 4.00%, 09/01/2051 (d)		1,000,000		852,776
City of Dayton,
Westpointe Villages Public Improvement District Improvement Area No. 2, Special Assessment, Senior Lien, Series 2024 A, 5.38%, 09/01/2044 (d)		610,000		604,363

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Texas
Westpointe Villages Public Improvement District Improvement Area No. 2, Special Assessment, Senior Lien, Series 2024 A, 5.75%, 09/01/2054 (d)		900,000		901,556
Westpointe Villages Public Improvement District Improvement Area No. 2, Special Assessment, Junior Lien, Series 2024 B, 6.25%, 09/01/2054 (d)		1,250,000		1,253,337
City of Fate,
Monterra Public Improvement District Improvement Area No. 2, Special Assessment, Series 2024, 5.38%, 08/15/2044 (d)		900,000		900,398
Monterra Public Improvement District Improvement Area No. 2, Special Assessment, Series 2024, 5.75%, 08/15/2054 (d)		1,350,000		1,359,535
City of Justin,
Timberbrook Public Improvement District No. 2 Area No. 1, Special Assessment, Series 2024, 5.50%, 09/01/2044 (d)		580,000		592,996
Timberbrook Public Improvement District No. 2 Area No. 1, Special Assessment, Series 2024, 5.75%, 09/01/2053 (d)		1,000,000		1,020,029
City of Kyle,
6 Creeks Public Improvement District Improvement Area No. 3, Special Assessment, Series 2021, 3.75%, 09/01/2041 (d)		2,000,000		1,768,198
Limestone Creek Public Improvement District Improvement Area No. 1, Special Assessment, Series 2024, 5.50%, 09/01/2044 (d)		550,000		556,602
Limestone Creek Public Improvement District Improvement Area No. 1, Special Assessment, Series 2024, 5.75%, 09/01/2053 (d)		1,125,000		1,139,380
City of Lago Vista,
Tessera on Lake Travis Public Improvement District Improvement Area No. 3, Special Assessment, Series 2024, 6.00%, 09/01/2054 (d)		1,000,000		1,019,910
City of Lavon,
Elevon Public Improvement District Improvement Area No. 1, Special Assessment, Series 2022, 4.13%, 09/15/2052 (d)		900,000		763,848
City of Manor,
Manor Heights Public Improvement District Area No. 4, Special Assessment, Series 2024, 5.38%, 09/15/2044 (d)		515,000		519,425
Manor Heights Public Improvement District Area No. 4, Special Assessment, Series 2024, 5.63%, 09/15/2054 (d)		685,000		689,322
City of Plano,
Collin Creek West Public Improvement District, Special Assessment, Series 2021, 4.00%, 09/15/2051 (d)		500,000		412,728
City of Port Isabel,
GO, Series 2024, 5.25%, 02/15/2044		3,270,000		3,425,604
GO, Series 2024, 5.50%, 02/15/2054		2,020,000		2,102,636
City of Princeton,
Eastridge Public Improvement District Improvement Area No. 2, Special Assessment, Series 2023, 5.25%, 09/01/2043 (d)		1,000,000		1,007,932
City of Royse City,
Liberty Crossing Public Improvement District improvement Area No. 2, Special Assessment, Series 2024, 5.63%, 09/15/2054 (a)(d)		746,000		742,577
City of Seagoville,
Santorini Public Improvement District Improvement Area, Special Assessment, Series 2024, 7.00%, 09/15/2054 (d)		5,000,000		4,995,423
Santorini Public Improvement District Improvement Area No. 1, Special Assessment, Series 2024, 6.00%, 09/15/2044 (d)		2,100,000		2,121,603
Santorini Public Improvement District Improvement Area No. 1, Special Assessment, Series 2024, 6.25%, 09/15/2054 (d)		2,500,000		2,517,207
City of Venus,
Patriot Estates Public Improvement District, Special Assessment, Series 2021, 4.00%, 09/15/2051 (d)		163,000		137,049
County of Medina,
Woodlands Public Improvement District Neighborhood Improvement Area No. 1, Special Assessment, Series 2021, 4.75%, 09/01/2050 (d)		1,000,000		916,338
Hidalgo County Regional Mobility Authority,
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2044 (f)		3,000,000		1,116,634
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2045 (f)		4,000,000		1,415,262
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2046 (f)		6,000,000		2,017,578

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Texas
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2047 (f)		6,125,000		1,934,902
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2048 (f)		7,130,000		2,133,697
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2049 (f)		7,135,000		2,011,927
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2050 (f)		5,145,000		1,373,001
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2052 (f)		1,675,000		399,878
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2054 (f)		5,000,000		1,072,511
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2055 (f)		6,100,000		1,236,140
Revenue, Senior Lien, Series 2022 A, 0.00%, 12/01/2056 (f)		1,000,000		192,580
Revenue, Junior Lien, Refunding, Series 2022 B, 0.00%, 12/01/2045 (f)		5,805,000		1,937,664
Revenue, Junior Lien, Refunding, Series 2022 B, 0.00%, 12/01/2046 (f)		2,945,000		931,707
Revenue, Senior Lien, Series A, 0.00%, 12/01/2043 (f)		2,000,000		783,123
Lubbock Educational Facilities Authority, Inc.,
Lubbock Christian University, Revenue, Refunding, Series 2016, 2.75%, 11/01/2031		2,585,000		2,220,560
New Hope Cultural Education Facilities Finance Corp.,
Jubilee Academic Center, Inc., Revenue, Refunding, Series 2021, 4.00%, 08/15/2041 (d)		200,000		180,846
NCCD-College Station Properties LLC, Revenue, Series 2015 A, 5.00%, 07/01/2030		1,500,000		1,458,750
NCCD-College Station Properties LLC, Revenue, Series 2015 A, 5.00%, 07/01/2035		2,000,000		1,945,000
Sanctuary LTC LLC, Revenue, Series 2021 A-1, 5.00%, 01/01/2032		6,250,000		6,226,778
Sanctuary LTC LLC, Revenue, Series 2021 A-1, 5.25%, 01/01/2042		10,400,000		10,099,164
Sanctuary LTC LLC, Revenue, Series 2021 A-1, 5.50%, 01/01/2057		50,875,000		48,368,633
Westminster Manor, Revenue, Series 2021, 4.00%, 11/01/2049		2,000,000		1,802,394
Olney Hamilton Hospital District,
GO, Series 2024, 6.25%, 09/15/2054 (d)		24,600,000		26,101,427
Port of Beaumont Navigation District,
Jefferson 2020 Bond Lessee & Borrower LLC Obligated Group, Revenue, AMT, Refunding, Series 2020 A, 4.00%, 01/01/2050 (d)		15,000,000		12,538,436
Jefferson 2020 Bond Lessee & Borrower LLC Obligated Group, Revenue, AMT, Series 2024 A, 5.13%, 01/01/2044 (d)		1,000,000		1,005,760
Jefferson 2020 Bond Lessee & Borrower LLC Obligated Group, Revenue, AMT, Series 2024 A, 5.25%, 01/01/2054 (d)		1,000,000		1,007,579
Tarrant County Cultural Education Facilities Finance Corp.,
Cumberland Rest, Inc. (The), Revenue, Refunding, Series A-1, 5.00%, 10/01/2049		2,000,000		2,005,859
Tioga Independent School District,
GO, Refunding, BAM Insured, Series 2024, 4.50%, 08/15/2048 (a)		265,000		259,202
Town of Little Elm,
Spiritas East Public Improvement District, Special Assessment, Series 2022, 4.00%, 09/01/2051 (d)		1,509,000		1,238,390
Travis County Development Authority,
Bella Fortuna Public Improvement District, Special Assessment, Series 2024, 5.38%, 09/01/2044 (d)		900,000		906,650
Bella Fortuna Public Improvement District, Special Assessment, Series 2024, 5.63%, 09/01/2051 (d)		765,000		771,746
Village of Salado,
Sanctuary East Public Improvement District Area No. 1, Special Assessment, Series 2024, 6.25%, 09/01/2044 (d)		718,000		729,713
Sanctuary East Public Improvement District Area No. 1, Special Assessment, Series 2024, 6.50%, 09/01/2054 (d)		707,000		716,521
				192,167,841
Utah 5.3%
Black Desert Public Infrastructure District,
GO, Series 2021 A, 4.00%, 03/01/2051 (d)		8,280,000		6,985,552
Assessment Area 1, Special Assessment, Series 2024, 5.63%, 12/01/2053 (d)		36,885,000		38,088,440
Chelsey Public Infrastructure District No. 1,
GO, Series 2024, 7.25%, 03/01/2054 (d)		1,610,000		1,632,337
Assessment Area 1, Special Assessment, Series 2024, 7.00%, 12/01/2042 (d)		1,350,000		1,386,634

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Utah
Firefly Public Infrastructure District No. 1,
GO, Series 2024 A-1, 6.63%, 03/01/2054 (d)		3,645,000		3,765,403
Assessment Area 1, Special Assessment, Series 2024 A-2, 5.63%, 12/01/2043 (d)		1,805,000		1,867,078
Military Installation Development Authority,
Military Recreation Assessment Area, Revenue, Series 2021 A-1, 4.00%, 06/01/2052		6,500,000		5,440,399
Military Recreation Assessment Area, Revenue, Series 2021 A-2, 4.00%, 06/01/2041		3,215,000		2,875,039
Military Recreation Assessment Area, Revenue, Series 2021 A-2, 4.00%, 06/01/2052		12,530,000		10,487,414
Olympia Public Infrastructure District No. 1,
Revenue, Series 2024 A-2, 5.13%, 12/01/2029 (d)		4,000,000		4,035,462
Limited Tax Pledged, GO, Series 2024 A-1, 6.38%, 03/01/2055 (d)		1,985,000		2,031,625
Utah Charter School Finance Authority,
Ascent Academies of Utah, Revenue, Refunding, Series 2022, 5.00%, 06/15/2052 (d)		3,000,000		2,688,936
Ascent Academies of Utah, Revenue, Refunding, Series 2022, 5.00%, 06/15/2057 (d)		8,500,000		7,505,553
Ascent Academies of Utah, Revenue, Series 2024, 6.75%, 06/15/2059 (d)		17,000,000		18,028,767
Athenian Academy, Inc. (The), Revenue, Series 2024 A, 6.50%, 04/15/2058 (d)		9,060,000		8,758,557
Freedom Academy Foundation, Revenue, Refunding, Series 2017, 5.38%, 06/15/2048 (d)		4,820,000		4,522,952
Freedom Academy Foundation, Revenue, Series 2021 A, 5.00%, 06/15/2052 (d)		3,895,000		3,389,707
Wallace Stegner Academy, Revenue, Series 2019 A, 5.00%, 06/15/2049 (d)		1,590,000		1,495,469
Utah Infrastructure Agency,
Revenue, Series 2021, 3.00%, 10/15/2045		1,000,000		744,402
Wood Ranch Public Infrastructure District,
Assessment Area 1, Special Assessment, Series 2024, 5.63%, 12/01/2053 (d)		4,285,000		4,400,016
				130,129,742
Vermont 0.2%
Vermont Economic Development Authority,
Wake Robin Corp., Revenue, Refunding, Series 2021 A, 4.00%, 05/01/2045		460,000		404,784
Vermont Housing Finance Agency,
Revenue, GNMA Insured, Series 2024 C, 4.65%, 11/01/2050		5,935,000		5,936,135
				6,340,919
Virgin Islands 0.1%
Virgin Islands Public Finance Authority,
United States Virgin Islands, Revenue, Series 2012 C, 5.00%, 10/01/2042		500,000		435,593
United States Virgin Islands, Revenue, Refunding, Series 2014 C, 5.00%, 10/01/2030 (d)		2,500,000		2,458,869
				2,894,462
Virginia 0.7%
Virginia College Building Authority,
Marymount University, Revenue, Refunding, Series 2015 A, 5.00%, 07/01/2045 (d)		1,000,000		887,549
Marymount University, Revenue, Series 2015 B, 5.00%, 07/01/2045 (d)		1,000,000		887,550
Virginia Housing Development Authority,
Revenue, Series 2024 D, 4.63%, 08/01/2060		11,835,000		11,729,464
Virginia Small Business Financing Authority,
National Senior Communities, Inc. Obligated Group, Revenue, Refunding, Series 2020 A, 3.38%, 01/01/2051		4,000,000		3,210,146
				16,714,709

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Washington 0.8%
Grant County Public Hospital District No. 2,
GO, Series 2024, 5.50%, 12/01/2039		500,000		548,983
GO, Series 2024, 5.50%, 12/01/2044		1,050,000		1,126,016
King County Public Hospital District No. 4,
Revenue, Series 2015 A, 6.25%, 12/01/2045		1,300,000		1,302,741
Washington State Housing Finance Commission,
Bayview Manor Homes Obligated Group, Revenue, Series 2024, 6.00%, 07/01/2059		1,645,000		1,671,905
Provident Group-SH I Properties LLC, Revenue, Series 2024, 5.00%, 07/01/2054		4,305,000		4,449,450
Provident Group-SH I Properties LLC, Revenue, Series 2024, 5.50%, 07/01/2059		8,000,000		8,583,367
				17,682,462
Wisconsin 7.3%
Public Finance Authority,
Revenue, Series 2023-1, Class A, 5.75%, 07/01/2062		12,298,000		13,332,980
Ameream LLC, Revenue, Series 2017, 7.00%, 12/01/2050 (d)		1,250,000		1,246,850
Austin FBO LLC, Revenue, AMT, Series 2018 A, 7.05%, 09/01/2027 (b)(d)(e)		1,750,000		1,765,852
Bonnie Cone Classical Academy, Inc., Revenue, Series 2021 A, 4.00%, 06/15/2040 (d)		2,020,000		1,771,874
Bonnie Cone Classical Academy, Inc., Revenue, Series 2021 A, 4.00%, 06/15/2050 (d)		2,995,000		2,399,645
Bonnie Cone Classical Academy, Inc., Revenue, Series 2021 A, 4.00%, 06/15/2056 (d)		2,445,000		1,893,211
CHF - Manoa LLC, Revenue, Series 2023 B, 6.75%, 07/01/2063 (d)		2,500,000		2,732,977
Coral Academy of Science Las Vegas, Revenue, Series 2021 A, 4.00%, 07/01/2041		1,000,000		912,075
Coral Academy of Science Las Vegas, Revenue, Series 2021 A, 4.00%, 07/01/2051		1,000,000		832,752
Dominium Holdings I LLC, Revenue, Series 2024-1, Class B-1, 6.81%, 04/28/2036 (d)		27,155,000		27,676,485
Foundation of The University of North Carolina at Charlotte, Inc. (The), Revenue, Series 2021 A, 4.00%, 09/01/2056 (d)		2,440,000		1,790,648
Guilford Charter School Corp., Revenue, Series 2022 A, 5.00%, 04/01/2047 (d)		2,000,000		1,780,901
Guilford Charter School Corp., Revenue, Series 2022 A, 5.00%, 04/01/2057 (d)		1,700,000		1,448,961
KIPP Charlotte, Inc. Obligated Group, Revenue, Series 2020 A, 5.00%, 10/15/2040 (d)		2,815,000		2,780,618
KIPP Charlotte, Inc. Obligated Group, Revenue, Series 2020 A, 5.00%, 10/15/2050 (d)		4,640,000		4,468,857
KIPP Charlotte, Inc. Obligated Group, Revenue, Series 2020 A, 5.00%, 10/15/2055 (d)		4,060,000		3,839,092
Million Air Two LLC Obligated Group, Revenue, AMT, Refunding, Series 2017 B, 7.13%, 06/01/2041 (d)		2,000,000		1,963,742
New Plan Learning, Inc. Obligated Group, Revenue, Refunding, Series 2021 A, 3.75%, 07/01/2031		3,490,000		3,267,740
North East Carolina Preparatory School, Inc., Revenue, Refunding, Series 2024 A, 5.00%, 06/15/2044		1,000,000		1,014,460
North East Carolina Preparatory School, Inc., Revenue, Refunding, Series 2024 A, 5.25%, 06/15/2054		1,500,000		1,527,361
QCF Behavioral Hospitals I Obligated Group, Revenue, Series 2024 A, 7.50%, 07/01/2059 (a)(d)		25,000,000		26,733,372
Rider University A New Jersey Non-Profit Corp., Revenue, Refunding, Series 2021 A, 4.50%, 07/01/2048‡ (d)(i)		6,920,000		5,550,674
Sarpy County Sanitary & Improvement District No. 365, Special Assessment, Series 2024 A, 7.00%, 06/17/2029 (d)		1,000,000		1,009,818
Sarpy County Sanitary & Improvement District No. 365, Special Assessment, Series 2024 B, 7.00%, 07/15/2029 (d)		706,646		706,602
Southeast Overtown Park West Community Redevelopment Agency, Tax Allocation, Series 2024 A, 5.00%, 06/01/2041 (d)		6,000,000		6,080,580
Southeast Overtown Park West Community Redevelopment Agency, Tax Allocation, Series 2024 B, 8.00%, 06/15/2042 (d)		21,000,000		21,065,201
Southeastern Regional Medical Center Obligated Group, Revenue, Refunding, Series 2021 A, 4.00%, 02/01/2041		5,145,000		4,123,537
Southeastern Regional Medical Center Obligated Group, Revenue, Refunding, Series 2021 A, 4.00%, 02/01/2051		2,000,000		1,443,106

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

Investments	Principal Amount ($)		Value ($)
Wisconsin
UNC Health Appalachian Obligated Group, Revenue, Series 2021 A, 4.00%, 07/01/2051		1,675,000		1,296,693
Washoe Barton Medical Clinic, Revenue, Refunding, Series 2021 A, 4.00%, 12/01/2041 (d)		365,000		333,351
Washoe Barton Medical Clinic, Revenue, Refunding, Series 2021 A, 4.00%, 12/01/2051 (d)		510,000		423,093
WFCS Holdings II LLC, Revenue, Series 2021 A-1, 5.00%, 01/01/2056 (d)		9,975,000		9,577,392
WFCS Holdings LLC, Revenue, Series 2020 A-1, 5.00%, 01/01/2055 (d)		1,750,000		1,683,714
Wittenberg University, Revenue, Series 2016, 5.25%, 12/01/2039 (d)		1,500,000		1,372,640
Wisconsin Health & Educational Facilities Authority,
Cedar Crest, Inc. Obligated Group, Revenue, Refunding, Series 2022 A, 4.75%, 04/01/2057		3,020,000		2,297,431
Chiara Communities, Inc., Revenue, Series 2018 B, 5.00%, 07/01/2048		1,340,000		1,083,817
Chiara Communities, Inc., Revenue, Series 2018 B, 5.00%, 07/01/2053		1,250,000		978,618
Marshfield Clinic Health System Obligated Group, Revenue, Series 2016 A, 3.50%, 02/15/2046		515,000		393,115
Marshfield Clinic Health System Obligated Group, Revenue, Refunding, Series 2017 C, 3.25%, 02/15/2033		1,060,000		932,691
Marshfield Clinic Health System Obligated Group, Revenue, Refunding, Series 2017 C, 3.50%, 02/15/2036		965,000		844,334
Oakwood Lutheran Senior Ministries Obligated Group, Revenue, Refunding, Series 2021, 4.00%, 01/01/2047		3,100,000		2,434,302
PHW Menomonee Falls, Inc., Revenue, Series 2024, 6.00%, 10/01/2049		1,000,000		1,022,041
PHW Menomonee Falls, Inc., Revenue, Series 2024, 6.00%, 10/01/2054		2,000,000		2,037,902
Sauk-Prairie Memorial Hospital, Inc. Obligated Group, Revenue, Series 2013 A, 5.13%, 02/01/2038		2,000,000		2,000,001
Sauk-Prairie Memorial Hospital, Inc. Obligated Group, Revenue, Series 2013 A, 5.25%, 02/01/2043		30,000		29,860
Wisconsin Masonic Home Obligated Group, Revenue, Series 2021 A, 4.00%, 08/15/2046		1,000,000		864,926
Wisconsin Masonic Home Obligated Group, Revenue, Series 2024 A, 5.75%, 08/15/2059		3,000,000		3,166,131
				177,932,023
TOTAL MUNICIPAL BONDS (Cost $2,585,978,443)				2,654,191,513

SHORT-TERM INVESTMENTS - 0.0% (h)

Investments	Shares		Value ($)
INVESTMENT COMPANIES - 0.0% (h)
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (j) (Cost $308,041)		308,041		308,041
Total Investments - 105.9% (Cost $2,586,286,484)				2,654,499,554
Liabilities in excess of other assets - (5.9)%				(147,284,783	)
Net Assets - 100.0%				2,507,214,771

‡	Value determined using significant unobservable inputs.
(a)	When-issued security.
(b)	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 July 31, 2024.
(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)	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 July 31, 2024 amounted to $1,184,896,123, which represents approximately 47.26% of net assets of the Fund.
(e)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown was the current rate as of July 31, 2024.
(f)	Zero Coupon Security. Debt security that pays no cash income but is sold at substantial discount from its value at maturity.
(g)	Zero coupon bond until next reset date.
(h)	Represents less than 0.05% of net assets.

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

(i) Represents a security that is subject to legal or contractual restrictions on resale. Total value of all such securities at July 31, 2024 amounted to $8,079,147, which represents approximately 0.32% of net assets of the Fund.

Restricted Securities	Acquisition Date	Cost		Carrying Value Per Share/Principal
New Jersey Educational Facilities Authority, Rider University A New Jersey Non-Profit Corp., Revenue, Series 2017 F	2/27/2024	$	2,541,040	$	77.8
Public Finance Authority, Rider University A New Jersey Non- Profit Corp., Revenue, Refunding, Series 2021 A	01/19/24 - 02/07/24		5,519,536		80.21
Total		$	8,060,576

(j) Represents 7-day effective yield as of July 31, 2024.

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

See Notes to Schedule of Investments. (Continued)

First Eagle High Yield Municipal Fund

Schedule of Investments

July 31, 2024 (unaudited) 

	Percent of Net
Industry Diversification for Portfolio Holdings	Assets
Economic/Industrial Development		12.3
Public Transportation		10.8
Hospital		10.1
Charter School		9.6
State Multi-Family Housing		8.2
Community Development District		7.1
Continuing Care Retirement Community		6.5
Higher Education		6.1
Special Assessment Financing		5.3
Airport		3.5
Tax Increment Financing		3.5
Student Housing		2.8
Nursing Home		2.6
Public Power System		2.3
State Single-Family Housing		2.0
Indian Tribal Bond		1.6
General Obligation Hospital/Health District		1.1
Miscellaneous Tax		0.9
Mello-Roos		0.9
Student Loan Revenue		0.8
School District		0.8
Private/Religious School		0.8
Toll Highway/Bridge/Tunnel		0.7
Port/Marina		0.7
Tobacco Master Settlement Agreement		0.6
General Obligation District (Other)		0.6
Appropriation		0.5
General Revenue Tax-Guaranteed		0.4
Sales & Excise Tax		0.4
Water & Sewer		0.4
Metro Development District		0.4
Local Multi-Family Housing		0.3
General Obligation		0.3
Parking Facility		0.2
Payments in Lieu of Taxes (PILOT)		0.2
Miscellaneous		0.2
Assisted Living		0.1
Not-For-Profit Cultural Organization		0.1
Not-For-Profit Foundation		0.1
Hotel Occupancy Tax		0.1
Telecom		-	*
Short-Term Investments		-	*
Total Investments		105.9

*   Represents less than 0.05% of net assets.   

See Notes to Schedule of Investments. (Continued)

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

Investments	Principal Amount ($)		Value ($)
MUNICIPAL BONDS - 103.0%
Alabama 1.2%
Industrial Development Board of the City of Mobile Alabama,
Alabama Power Co., Revenue, AMT, Series 2001 B, 3.70%, 08/01/2024 (a)(b)		700,000		700,000
Alaska 1.7%
Alaska Industrial Development & Export Authority,
Interior Alaska Natural Gas Utility, Revenue, Series 2020 A, 5.00%, 06/01/2028		930,000		957,766
Arizona 3.4%
Arizona Industrial Development Authority,
Doral Academy of Northern Nevada Obliga ted Group, Revenue, Refunding, Series 2021 A, 4.00%, 07/15/2028 (c)		200,000		199,448
Industrial Development Authority of the County of Pima (The),
La Posada at Park Centre, Inc. Obligated Group, Revenue, Series 2022 A, 5.75%, 11/15/2025 (c)		665,000		670,433
La Posada at Park Centre, Inc. Obligated Group, Revenue, Series 2022 A, 6.25%, 11/15/2035 (c)		1,000,000		1,083,895
				1,953,776
Arkansas 3.1%
Batesville Public Facilities Board,
White River Health System Obligated Group, Revenue, Refunding, Series 2020, 5.00%, 06/01/2026		500,000		499,070
Clarksville Public Educational Facilities Board,
University of the Ozarks, Revenue, Refunding, Series 2024 B, 5.25%, 08/01/2029 (d)		195,000		199,170
University of the Ozarks, Revenue, Refunding, Series 2024 B, 5.25%, 08/01/2034 (d)		1,040,000		1,063,695
				1,761,935
California 2.5%
California Community College Financing Authority,
NCCD-Orange Coast Properties LLC, Revenue, Series 2018, 5.00%, 05/01/2025		50,000		50,485
California Statewide Financing Authority,
TSR Multi-County Special Purpose Trust, Revenue, Series 2002 A, 6.00%, 05/01/2043		200,000		204,596
Kaweah Delta Health Care District Guild,
Revenue, Series 2015 B, 3.25%, 06/01/2029		300,000		274,262
Palomar Health,
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 11/01/2024		355,000		355,678
Obligated Group, Revenue, Refunding, Series 2016, 5.00%, 11/01/2036		500,000		493,435
				1,378,456
Colorado 0.8%
Colorado Health Facilities Authority,
BSLC Obligated Group, Revenue, Refunding, Series 2018 A-1, 5.00%, 03/15/2025		325,000		325,159
Pueblo Urban Renewal Authority,
City of Pueblo Sales Tax, Revenue, Series 2017, 5.00%, 06/01/2036		100,000		98,349
				423,508
Connecticut 1.2%
Connecticut State Health & Educational Facilities Authority,
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2027 (c)		100,000		100,387
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2028 (c)		100,000		100,566
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2029 (c)		100,000		100,767
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2030 (c)		100,000		100,734
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2032 (c)		150,000		150,967
Griffin Health Obligated Group, Revenue, Refunding, Series G-1, 5.00%, 07/01/2034 (c)		125,000		125,731
				679,152
Florida 22.2%
Antillia Community Development District,
Special Assessment, Series 2024, 5.00%, 05/01/2031		250,000		252,157
Capital Trust Agency, Inc.,
Franklin Academy Obligated Group, Revenue, Series 2020, 4.00%, 12/15/2024 (c)		385,000		383,298

See Notes to Schedule of Investments. (Continued)

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

Investments	Principal Amount ($)		Value ($)
Florida
Marie Selby Botanical Gardens, Inc. (The), Revenue, Series 2021, 4.00%, 06/15/2031 (c)		500,000		467,801
Sarasota-Manatee Jewish Housing Council Obligated Group, Revenue, Refunding, Series 2017, 5.00%, 07/01/2027 (c)		625,000		604,588
Century Park South Community Development District,
Special Assessment, Series 2020, 3.00%, 05/01/2025		50,000		49,328
County of Palm Beach,
Provident Group-PBAU Properties LLC, Revenue, Series 2019 A, 5.00%, 04/01/2029 (c)		810,000		815,638
Crossings Community Development District,
Area 2, Special Assessment, Series 2024, 4.75%, 05/01/2031 (d)		300,000		300,213
East Nassau Stewardship District,
Wildlight Village Phase 3, Special Assessment, Series 2024, 4.70%, 05/01/2031		840,000		840,293
Epperson North Community Development District,
Assessment Area 1, Special Assessment, Series 2018 A-1, 5.75%, 11/01/2049 (c)		995,000		1,026,423
Florida Development Finance Corp.,
AAF Operations Holdings LLC, Revenue, AMT, Refunding, Series 2024, 12.00%, 07/15/2028 (a)(c)(e)		2,000,000		2,130,545
Brightline Florida Holdings LLC, Revenue, AMT, Refunding, Series 2023 C, 8.25%, 08/15/2024 (a)(c)(e)		1,500,000		1,566,110
Waste Pro USA, Inc., Revenue, AMT, Series 2019, 5.00%, 05/01/2029 (c)		140,000		142,180
LTC Ranch West Residential Community Development District,
Assessment Area 4, Special Assessment, Refunding, Series 2024 AA-4, 4.75%, 05/01/2031 (d)		345,000		345,230
Majorca Isles Community Development District,
Special Assessment, Series 2015, 5.00%, 05/01/2025		135,000		135,421
Marion Ranch Community Development District,
Special Assessment, Series 2024, 5.10%, 05/01/2031		250,000		252,089
Miami-Dade County Industrial Development Authority,
Miami Community Charter School, Revenue, Refunding, Series 2020 A, 4.25%, 06/01/2030 (c)		570,000		548,450
Osceola Chain Lakes Community Development District,
Assessments, Special Assessment, Series 2020, 3.50%, 05/01/2030		350,000		329,770
Palm Beach County Health Facilities Authority,
Lifespace Communities, Inc. Obligated Group, Revenue, Refunding, Series 2015 C, 5.00%, 05/15/2028		20,000		20,051
Lifespace Communities, Inc. Obligated Group, Revenue, Series 2004 B, 4.00%, 11/15/2034		1,200,000		1,142,388
Pine Island Community Development District,
Special Assessment, Series 2004, 5.75%, 05/01/2035		670,000		673,085
Sawgrass Village Community Development District,
Assessment Area 3, Special Assessment, Series 2024, 4.70%, 05/01/2031 (c)		100,000		100,610
Southern Groves Community Development District No. 5,
Assessment Area, Special Assessment, Refunding, Series 2019, 3.25%, 05/01/2029		290,000		276,468
Villages of Westport Community Development District,
Assessments, Special Assessment, Series 2005 A, 5.70%, 05/01/2035		40,000		40,182
Yarborough Lane Community Development District,
Yarborough Lane Community Development District Series 2024 Special Assessment, Special Assessment, Series 2024, 4.75%, 05/01/2031 (c)(d)		250,000		250,000
				12,692,318
Georgia 1.8%
Development Authority of The City of Marietta,
Life University, Inc., Revenue, Refunding, Series 2017 A, 5.00%, 11/01/2027 (c)		500,000		504,790
Main Street Natural Gas, Inc.,
Revenue, Series 2022 C, 4.00%, 11/01/2027 (a)(c)(e)		500,000		492,254
				997,044
Idaho 1.7%
County of Nez Perce,
PotlatchDeltic Corp., Revenue, Refunding, Series 2016, 2.75%, 10/01/2024		1,000,000		993,868
Illinois 6.2%
City of Calumet City,
GO, Series 2023 B, 4.50%, 03/01/2037		600,000		567,403

See Notes to Schedule of Investments. (Continued)

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

Investments	Principal Amount ($)		Value ($)
Illinois
Illinois Finance Authority,
Acero Charter Schools, Inc. Obligated Group, Revenue, Refunding, Series 2021, 4.00%, 10/01/2028 (c)		580,000		574,602
Benedictine University, Revenue, Refunding, Series 2017, 5.00%, 10/01/2030		1,000,000		956,428
Washington and Jane Smith Community - Orland Park, Revenue, Refunding, Series 2022, 4.00%, 10/15/2026		465,000		456,324
Village of Rantoul,
Evans Road Redevelopment Area, Tax Allocation, Refunding, Series 2024, 5.25%, 12/01/2033 (c)		400,000		402,356
Western Illinois Economic Development Authority,
Memorial Hospital Association, Revenue, Refunding, Series 2016, 4.00%, 06/01/2033		620,000		563,396
				3,520,509
Indiana 2.2%
Indiana Finance Authority,
Rock Creek Community Academy, Inc., Revenue, Series 2018 A, 5.25%, 07/01/2028 (c)		700,000		704,722
Rock Creek Community Academy, Inc., Revenue, Series 2018 A, 5.88%, 07/01/2038 (c)		540,000		549,048
				1,253,770
Iowa 1.7%
Crawford County Memorial Hospital, Inc.,
Revenue, Series 2024, 5.00%, 06/15/2027 (d)		1,000,000		1,005,511
Louisiana 0.2%
Louisiana Local Government Environmental Facilities & Community Development Authority,
Provident Group - ULM Properties LLC, Revenue, Series 2019 A, 5.00%, 07/01/2039 (c)		100,000		94,659
Maryland 5.4%
City of Baltimore,
Baltimore Hotel Corp., Revenue, Refunding, Series 2017, 5.00%, 09/01/2033		1,105,000		1,093,921
County of Frederick,
Mount St Mary's University, Inc., Revenue, Refunding, Series 2017 A, 5.00%, 09/01/2032 (c)		740,000		746,667
County of Prince George's,
Westphalia Town Center Development District, Tax Allocation, Series 2018, 5.00%, 07/01/2030 (c)		1,200,000		1,221,409
				3,061,997
Massachusetts 1.7%
Massachusetts Development Finance Agency,
Salem Community Corp. Obligated Group, Revenue, Refunding, Series 2022, 5.00%, 01/01/2030		465,000		464,980
Salem Community Corp. Obligated Group, Revenue, Refunding, Series 2022, 5.00%, 01/01/2031		485,000		484,979
				949,959
Michigan 1.7%
Flint Hospital Building Authority,
Hurley Medical Center, Revenue, Refunding, Series 2020, 5.00%, 07/01/2026		500,000		501,340
Michigan Finance Authority,
Aquinas College, Revenue, Refunding, Series 2021, 4.00%, 05/01/2031		500,000		444,570
				945,910
Minnesota 2.0%
City of Landfall Village,
Pines of Richfield LLC (The), Revenue, Series 2024, 4.75%, 08/01/2029		205,000		205,159
Pines of Richfield LLC (The), Revenue, Series 2024, 4.80%, 08/01/2030		215,000		215,199
Pines of Richfield LLC (The), Revenue, Series 2024, 4.85%, 08/01/2031		225,000		225,232
Pines of Richfield LLC (The), Revenue, Series 2024, 4.90%, 08/01/2032		235,000		235,242
Pines of Richfield LLC (The), Revenue, Series 2024, 5.00%, 08/01/2033		250,000		250,256
				1,131,088

See Notes to Schedule of Investments. (Continued)

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

Investments	Principal Amount ($)		Value ($)
Mississippi 0.3%
Mississippi Business Finance Corp.,
Mississippi Power Co., Revenue, First Series, AMT, Series 2022, 4.45%, 08/01/2024 (a)(b)		180,000		180,000
Missouri 0.5%
Grindstone Plaza Transportation Development District,
Revenue, Series 2006 A, 5.40%, 10/01/2026		305,000		304,705
Nevada 4.5%
City of Las Vegas,
Special Improvement District No. 812, Special Assessment, Series 2015, 5.00%, 12/01/2031		550,000		552,350
State of Nevada Department of Business & Industry,
DesertXpress Enterprises LLC, Revenue, AMT, Series 2020 A-4, 8.13%, 08/15/2025 (a)(d)(e)		2,000,000		2,027,510
				2,579,860
New Jersey 1.1%
City of Atlantic City,
GO, Refunding, Series 2013, 5.00%, 12/01/2024		530,000		529,461
New Jersey Economic Development Authority,
United Airlines, Inc., Revenue, AMT, Refunding, Series 2012, 5.75%, 09/15/2027		100,000		100,083
				629,544
New York 9.1%
City of Glens Falls,
Revenue, Series 2011, 5.00%, 06/15/2026		1,685,000		1,686,328
City of New York,
GO, Series 2021-2, 4.25%, 08/09/2024 (a)(b)		475,000		475,000
New York Liberty Development Corp.,
3 World Trade Center LLC, Revenue, Refunding, Series 2014, Class 3, 7.25%, 11/15/2044 (c)		500,000		502,112
New York State Dormitory Authority,
Montefiore Obligated Group, Revenue, Refunding, Series 2018 A, 5.00%, 08/01/2024		950,000		950,000
Onondaga Civic Development Corp.,
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.00%, 08/01/2029		200,000		206,686
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.00%, 08/01/2030		320,000		331,398
Crouse Health Hospital, Inc. Obligated Group, Revenue, Refunding, Series 2024 A, 5.00%, 08/01/2031		350,000		363,452
Suffolk Regional Off-Track Betting Co.,
Revenue, Series 2024, 6.00%, 12/01/2053		675,000		708,152
				5,223,128
North Dakota 1.8%
City of Horace,
Special Assessment, GO, Refunding, Series 2024 B, 4.85%, 08/01/2026 (d)		1,000,000		1,000,344
Ohio 5.3%
County of Hardin,
Ohio Northern University, Revenue, Refunding, Series 2020, 4.00%, 05/01/2026		75,000		73,455
County of Washington,
Marietta Area Health Care, Inc. Obligated Group, Revenue, Refunding, Series 2022, 6.75%, 12/01/2052		500,000		546,301
Ohio Air Quality Development Authority,
American Electric Power Co., Inc., Revenue, AMT, Refunding, Series 2005 B, 2.10%, 10/01/2024 (a)(e)		1,500,000		1,492,897
Ohio Valley Electric Corp., Revenue, Series 2009 C, 1.50%, 11/04/2025 (a)(e)		1,000,000		955,040
				3,067,693
Oklahoma 2.6%
Oklahoma County Finance Authority,
Aerospace Science and Technology Education Center, Inc., Revenue, Series 2024, 5.25%, 06/15/2034 (c)		775,000		788,497
Tulsa Airports Improvement Trust,
American Airlines, Inc., Revenue, AMT, Refunding, Series 2001 B, 5.50%, 12/01/2035		700,000		700,649
				1,489,146
Pennsylvania 3.6%
Bucks County Industrial Development Authority,
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2027		200,000		198,630
Grand View Hospital/Sellersville Obligated Group, Revenue, Series 2021, 5.00%, 07/01/2029		275,000		272,370

See Notes to Schedule of Investments. (Continued)

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

Investments	Principal Amount ($)		Value ($)
Pennsylvania
Chester County Industrial Development Authority,
Collegium Charter School, Revenue, Series 2017 A, 5.13%, 10/15/2037		870,000		875,578
Montgomery County Higher Education and Health Authority,
Holy Redeemer Health System Obligated Group, Revenue, Refunding, Series 2014 A, 5.00%, 10/01/2026		50,000		50,011
St. Mary Hospital Authority,
Trinity Health Corp. Obligated Group, Revenue, Series 2007 F, (3-month SOFR+ 0.83%), 4.57%, 11/15/2034 (e)		715,000		697,655
				2,094,244
Texas 7.9%
Abilene Convention Center Hotel Development Corp.,
City of Abilene Abilene Convention Center, Revenue, Second Lien, Series 2021 B, 3.75%, 10/01/2031 (c)		500,000		455,130
Arlington Higher Education Finance Corp.,
Newman International Academy, Revenue, Series 2021 A, 4.00%, 08/15/2031		350,000		330,751
Austin Convention Enterprises, Inc.,
Revenue, First Tier, Refunding, Series 2017 A, 5.00%, 01/01/2026		150,000		150,871
City of Houston,
Airport System, United Airlines, Inc., Revenue, AMT, Series 2018, 5.00%, 07/15/2028		500,000		513,202
Edinburg Economic Development Corp.,
Revenue, Series 2019, 4.00%, 08/15/2029 (c)		585,000		557,964
Hidalgo County Regional Mobility Authority,
Revenue, Junior Lien, Refunding, Series 2022 B, 4.00%, 12/01/2038		100,000		96,048
New Hope Cultural Education Facilities Finance Corp.,
Jubilee Academic Center, Inc., Revenue, Refunding, Series 2021, 4.00%, 08/15/2025 (c)		440,000		438,906
NCCD-College Station Properties LLC, Revenue, Series 2015 A, 5.00%, 07/01/2030		500,000		486,250
Sanctuary LTC LLC, Revenue, Series 2021 A-1, 5.00%, 01/01/2032		750,000		747,213
Reagan Hospital District of Reagan County,
GO, Series 2014 A, 5.00%, 02/01/2029		700,000		697,560
				4,473,895
Virgin Islands 0.2%
Virgin Islands Public Finance Authority,
United States Virgin Islands, Revenue, Refunding, Series 2012 A, 5.00%, 10/01/2032		100,000		96,281
Virginia 0.6%
Lower Magnolia Green Community Development Authority,
Special Assessment, Series 2015, 4.00%, 03/01/2025 (c)		345,000		344,081
Wisconsin 4.8%
Public Finance Authority,
Austin FBO LLC, Revenue, AMT, Series 2018 A, 7.05%, 09/01/2027 (a)(c)(e)		500,000		504,529
Dominium Holdings I LLC, Revenue, Series 2024-1, Class B-1, 6.81%, 04/28/2036 (c)		900,000		917,283
Guilford College, Revenue, Refunding, Series 2016, 5.00%, 01/01/2026		685,000		681,156
Mary's Woods at Marylhurst Obligated Group, Revenue, Refunding, Series 2017 A, 5.00%, 05/15/2029 (c)		85,000		86,008
Sarpy County Sanitary & Improvement District No. 365, Special Assessment, Series 2024 A, 7.00%, 06/17/2029 (c)		503,303		508,245
				2,697,221
TOTAL MUNICIPAL BONDS (Cost $58,027,588)				58,681,368

Investments	Shares		Value ($)
SHORT-TERM INVESTMENTS - 0.1%
INVESTMENT COMPANIES - 0.1%
JP Morgan U.S. Government Money Market Fund, Capital Shares 5.33% (f)
(Cost $75,019)		75,019		75,019
Total Investments - 103.1% (Cost $58,102,607)				58,756,387
Liabilities in excess of other assets - (3.1%)				(1,763,437	)
Net Assets - 100.0%				56,992,950

(a) 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 July 31, 2024.

See Notes to Schedule of Investments. (Continued)

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

(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)	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 July 31, 2024 amounted to $21,061,833, which represents approximately 36.96% of net assets of the Fund.
(d)	When-issued security.
(e)	Variable or floating rate security, linked to the referenced benchmark. The interest rate shown was the current rate as of July 31, 2024.
(f)	Represents 7-day effective yield as of July 31, 2024.

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

	Percent of Net
Industry Diversification for Portfolio Holdings	Assets
Economic/Industrial Development		15.4
Hospital		13.9
Continuing Care Retirement Community		11.4
Charter School		9.5
Higher Education		8.2
Community Development District		7.1
Public Transportation		6.5
General Obligation		4.5
Special Assessment Financing		3.9
Appropriation		3.0
Tax Increment Financing		2.8
Student Housing		2.5
Hotel Occupancy Tax		1.9
Sales & Excise Tax		1.7
Municipal Utility (Mixed)		1.7
State Multi-Family Housing		1.6
Nursing Home		1.3
Indian Tribal Bond		1.2
General Obligation Hospital/Health District		1.2
Airport		0.9
Gas Forward Contract		0.9
Not-For-Profit Cultural Organization		0.8
Tobacco Master Settlement Agreement		0.4
Public Power System		0.3
General Revenue Tax-Guaranteed		0.2
Toll Highway/Bridge/Tunnel		0.2
Short-Term Investments		0.1
Total Investments		103.1

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 July 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 Small Cap Opportunity Fund, First Eagle U.S. Smid Cap Opportunity Fund, First Eagle Global Real Assets Fund and First Eagle Short Duration High Yield Municipal 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 July 31, 2024, the First Eagle Global Cayman Fund, Ltd. has $5,479,190,105 in net assets, representing 10.01% 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 July 31, 2024, the First Eagle Overseas Cayman Fund, Ltd. has $836,814,071 in net assets, representing 6.76% 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 July 31, 2024, the First Eagle U.S. Value Cayman Fund, Ltd. has $162,423,447 in net assets, representing 11.94% 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 July 31, 2024, the First Eagle Gold Cayman Fund, Ltd. has $469,691,973 in net assets, representing 17.98% 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 July 31, 2024, the First Eagle Global Real Assets Cayman Fund, Ltd. has $641,524 in net assets, representing 4.65% 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”) as described in additional detail on the following page. 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 July 31, 2024:

First Eagle Global Fund

Description†	Level 1		Level 2			Level 3‡			Total
Assets:
Common Stocks	$	28,464,368,309	$	15,497,738,419	(a)	$	–		$	43,962,106,728
Corporate Bonds		–		–			5,029,640	(b)		5,029,640
Commodities*		–		6,225,047,019			–			6,225,047,019
Short-Term Investments		706,742		4,543,653,610			–			4,544,360,352
Forward Foreign Currency Exchange Contracts**		–		13,483,396			–			13,483,396
Total	$	28,465,075,051	$	26,279,922,444		$	5,029,640		$	54,750,027,135
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–	$	(5,573,777	)	$	–		$	(5,573,777	)
Total	$	–	$	(5,573,777	)	$	–		$	(5,573,777	)

(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 nine-month period ended July 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)		41,438
Realized Gains (Losses)		—
Change in Unrealized Appreciation (Depreciation)		33,733
Ending Balance — market value	$	5,029,640
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	33,733

(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	$	2,763,958,752	$	7,987,773,001	(a)	$	22,251,993	$	10,773,983,746
Commodities*		–		1,287,239,980			–		1,287,239,980
Foreign Government Securities		–		77,877,493			–		77,877,493
Short-Term Investments		80,920		241,214,703			–		241,295,623
Forward Foreign Currency Exchange Contracts**		–		7,578,683			–		7,578,683
Total	$	2,764,039,672	$	9,601,683,860		$	22,251,993	$	12,387,975,525
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–	$	(2,529,049	)	$	–	$	(2,529,049	)
Total	$	–	$	(2,529,049	)	$	–	$	(2,529,049	)

(a)	The Fund has implemented fair value pricing on a daily basis for all foreign securities, as available, to account for the market movement between the close of the foreign market and the close of the NYSE. See Note 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 nine-month period ended July 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)		6,867,031
Ending Balance — market value	$	22,251,993
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	6,867,031

(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 July 31, 2024	Valuation Technique(s)	Unobservable Input	Range (Weighted Average)	Direction Change in Fair Value Resulting from Increase in Unobservable Input (a)
Common Stock	22,251,993	Market Comparable Companies	Enterprise Value Multiple	0.82X - 9.19X (4X)	Increase

(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	$	1,053,393,927	$	–	$	–		$	1,053,393,927
Convertible Preferred Stocks		5,087,293		–		–			5,087,293
Corporate Bonds		–		8,872,217		3,205,614	(b)		12,077,831
Commodities*		–		162,416,352		–			162,416,352
Master Limited Partnerships		19,776,113		–		–			19,776,113
Short-Term Investments		35,652		107,427,959		–			107,463,611
Total	$	1,078,292,985	$	278,716,528	$	3,205,614		$	1,360,215,127

(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 nine-month period ended July 31, 2024 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	543,750
Purchases(1)		—
Sales(2)		(619,800	)
Transfer In — Level 3		3,104,552	(a)
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		151,308
Change in Unrealized Appreciation (Depreciation)		25,804
Ending Balance — market value	$	3,205,614
Change in unrealized gains or (losses) relating to assets still held at reporting date		25,804

(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	$	1,932,022,128	$	133,972,143	(a)	$	–	$	2,065,994,271
Commodities *		–		469,766,276			–		469,766,276
Rights		3,102,026		–			–		3,102,026
Short-Term Investments		62,564		74,720,490			–		74,783,054
Total	$	1,935,186,718	$	678,458,909		$	–	$	2,613,645,627

(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	$	584,823,846	$	506,332,067	(a)	$	–		$	1,091,155,913
Convertible Preferred Stocks		25,942,005		–			–			25,942,005
Corporate Bonds		–		173,036,898			24,078,791	(b)		197,115,689
Asset-Backed Securities		–		3,380,255			–			3,380,255
Commodities*		–		128,074,711			–			128,074,711
Foreign Government Securities		–		25,319,483			–			25,319,483
Loan Assignments		–		2,509,688			–			2,509,688
Master Limited Partnerships		17,667,688		–			–			17,667,688
Municipal Bonds		–		3,016,083			–			3,016,083
Preferred Stocks		28,572,931		–			–			28,572,931
U.S. Treasury Obligations		–		173,916,916			–			173,916,916
Short-Term Investments		4,934		16,490,460			–			16,495,394
Forward Foreign Currency Exchange Contracts**		–		288,583			–			288,583
Total	$	657,011,404	$	1,032,365,144		$	24,078,791		$	1,713,455,339

Description†	Level 1			Level 2			Level 3‡		Total
Liabilities:
Forward Foreign Currency Exchange Contracts**	$	–		$	(162,717	)	$	–	$	(162,717	)
Options Written		(3,887,518	)		–			–		(3,887,518	)
Total	$	(3,887,518	)	$	(162,717	)	$	–	$	(4,050,235	)

(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 nine-month period ended July 31, 2024 was as follows:

	Corporate Bonds
Beginning Balance —market value	$	—
Purchases(1)		1,173,000
Sales(2)		(2,367,000	)
Transfer In — Level 3		22,413,161	(a)
Transfer Out — Level 3		—
Accrued discounts/ (premiums)		123,085
Change in Unrealized Appreciation (Depreciation)		2,736,545
Ending Balance — market value	$	24,078,791
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	2,736,545

(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	$	386,253,452	$	25,046,720	(a)	$	–	$	411,300,172
Master Limited Partnerships		10,067,984		–			–		10,067,984
Short-Term Investments		2,248		3,722,427			–		3,724,675
Total	$	396,323,684	$	28,769,147		$	–	$	425,092,831

(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 Schedule of Investments for additional detailed categorizations.

First Eagle Small Cap Opportunity Fund

Description†	Level 1		Level 2		Level 3‡			Total
Assets:
Common Stocks	$	1,950,034,297	$	–	$	–		$	1,950,034,297
Rights		–		–		–	^		–
Short-Term Investments		110,934,361		–		–			110,934,361
Total	$	2,060,968,658	$	–	$	–		$	2,060,968,658

†	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 nine-month period ended July 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 July 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

(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.

^ Fair value represents zero.

First Eagle U.S. Smid Cap Opportunity Fund

Description†	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks	$	44,955,701	$	–	$	–	$	44,955,701
Short-Term Investments		2,539,315		–		–		2,539,315
Total	$	47,495,016	$	–	$	–	$	47,495,016

† 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	$	8,592,342	$	4,144,006	(a)		$   – ^	$	12,736,348
Commodities*		–		491,868			–		491,868
Exchange-Traded Funds		156,772		–			–		156,772
Master Limited Partnerships		444,732		–			–		444,732
Short-Term Investments		64,434		–			–		64,434
Total	$	9,258,280	$	4,635,874		$	–	$	13,894,154

(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 nine-month period ended July 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 July 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

(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.

^ Fair value represents zero.

First Eagle High Yield Municipal Fund

Description†	Level 1		Level 2		Level 3‡			Total
Assets:
Municipal Bonds	$	–	$	2,646,112,366	$	8,079,147	(b)	$	2,654,191,513
Short-Term Investments		308,041		–		–			308,041
Total	$	308,041	$	2,646,112,366	$	8,079,147		$	2,654,499,554

(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.

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

	Municipal Bonds		Corporate Bonds			Total
Beginning Balance —market value	$	—	$	621,196		$	621,196
Purchases(1)		8,041,902		—			8,041,902
Sales(2)		—		(620,610	)		(620,610	)
Transfer In — Level 3		—		—			—
Transfer Out — Level 3		—		—			—
Accrued discounts/ (premiums)		18,674		—			18,674
Realized Gains (Losses)		—		16,610			16,610
Change in Unrealized Appreciation (Depreciation)		18,571		(17,196	)		1,375
Ending Balance — market value	$	8,079,147	$	—		$	8,079,147
Change in unrealized gains or (losses) relating to assets still held at reporting date	$	18,571	$	—		$	18,571

(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	$	–	$	58,681,368	$	–	$	58,681,368
Short-Term Investments		75,019		–		–		75,019
Total	$	75,019	$	58,681,368	$	–	$	58,756,387

† 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 nine months ended July 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	$	287,514,294	$	147,695,590	$	7,709,305
Average Settlement Value — Sold		1,595,874,763		848,600,310		42,349,790

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 July 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	$	13,483,396	$	5,573,777	$	46,647,723	$	(37,697,581	)

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	$	7,578,683	$	2,529,049	$	26,574,383	$	(20,290,253	)

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	$	288,583	$	162,717	$	969,313	$	(1,070,218	)

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 July 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	$	8,091,543	$	(241,547	)	$	(7,830,322	)	$	19,674
Goldman Sachs		4,704,450		(1,377,921	)		(3,326,529	)		–
JPMorgan Chase Bank		687,403		(687,403	)		–			–
	$	13,483,396	$	(2,306,871	)	$	(11,156,851	)	$	19,674

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	$	241,547	$	(241,547	)	$	–		$	–
Goldman Sachs		1,377,921		(1,377,921	)		–			–
JPMorgan Chase Bank		1,229,739		(687,403	)		(530,909	)		11,427
UBS AG		2,724,570		–			(2,724,570	)		–
	$	5,573,777	$	(2,306,871	)	$	(3,255,479	)	$	11,427

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	$	4,254,163	$	(133,897	)	$	(4,109,265	)	$	11,001
Goldman Sachs		2,988,657		(572,009	)		(2,370,000	)		46,648
JPMorgan Chase Bank		335,863		(335,863	)		–			–
	$	7,578,683	$	(1,041,769	)	$	(6,479,265	)	$	57,649

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	$	133,897	$	(133,897	)	$	–		$	–
Goldman Sachs		572,009		(572,009	)		–			–
JPMorgan Chase Bank		495,588		(335,863	)		(159,725	)		–
UBS AG		1,327,555		–			(1,327,555	)		–
	$	2,529,049	$	(1,041,769	)	$	(1,487,280	)	$	–

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	$	163,136	$	(7,039	)	$	(110,634	)	$	45,463
Goldman Sachs		106,978		(42,027	)		–			64,951
JPMorgan Chase Bank		18,469		(18,469	)		–			–
	$	288,583	$	(67,535	)	$	(110,634	)	$	110,414

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	$	7,039	$	(7,039	)	$	–		$	–
Goldman Sachs		42,027		(42,027	)		–		$	–
JPMorgan Chase Bank		41,243		(18,469	)		(22,774	)		–
UBS AG		72,408		–			(72,408	)	$	–
	$	162,717	$	(67,535	)	$	(95,182	)	$	–

* 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 July 31, 2024, portfolio securities valued at $146,623,299 were earmarked to cover collateral requirements for written options for First Eagle Global Income Builder Fund.

For the nine months ended July 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		12,315

At July 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	$	—	$	3,887,518	$	781,828	$	(2,102,752	)

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. These adjustments are recorded as increases or decreases to interest income on the Statements of Operations and reflected in market value of the securities.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.