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      <invstOrSec>
        <name>Alphabet, Inc.</name>
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        <name>Cummins, Inc.</name>
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        <name>Fidelity National Financial, Inc.</name>
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        <name>CH Robinson Worldwide, Inc.</name>
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        <name>Ross Stores, Inc.</name>
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        <name>Embecta Corp.</name>
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        <name>American Express Co.</name>
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        <name>Bank of America Corp.</name>
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        <name>Franco-Nevada Corp.</name>
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        <name>United States of America</name>
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        <name>IPG Photonics Corp.</name>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>United States of America</name>
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        <name>Credit Agricole Corporate and Investment Bank</name>
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        <name>Newmont Corp.</name>
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        <name>Dentsply Sirona, Inc.</name>
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        <name>Barrick Mining Corp.</name>
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        <name>JPMorgan US Government Money Market Fund</name>
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        <name>Weyerhaeuser Co.</name>
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        <name>Nutrien Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dollar General Corp.</name>
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        <name>Deere &amp; Co.</name>
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        <name>Bio-Rad Laboratories, Inc.</name>
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        <name>Universal Health Services, Inc.</name>
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        <name>Mexico Remittances Funding Fiduciary Estate Management Sarl</name>
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        <name>Enterprise Products Partners LP</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>Medtronic plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>US Bancorp</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Willis Towers Watson plc</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>Comcast Corp.</name>
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        <name>US Bancorp</name>
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        <name>Bausch &amp; Lomb, Inc.</name>
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        <name>PPG Industries, Inc.</name>
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        <name>NOV, Inc.</name>
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        <name>Analog Devices, Inc.</name>
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        <name>SLB Ltd.</name>
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        <name>Colgate-Palmolive Co.</name>
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        <name>Enterprise Products Operating LLC</name>
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        <name>United States of America</name>
        <lei>254900HROIFWPRGM1V77</lei>
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      <invstOrSec>
        <name>International Flavors &amp; Fragrances, Inc.</name>
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        <name>US Bancorp</name>
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        <name>United States of America</name>
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      <invstOrSec>
        <name>Noble Finance II LLC</name>
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        <name>United States of America</name>
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        <name>Walt Disney Co. (The)</name>
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        <name>Microsoft Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>General Motors Financial Co., Inc.</name>
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        <name>ONEOK, Inc.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Ferguson Enterprises, Inc.</name>
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        <name>BXP, Inc.</name>
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        <name>HCA Healthcare, Inc.</name>
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        <name>Equity Residential</name>
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        <name>Elevance Health, Inc.</name>
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        <name>Roller Bearing Co. of America, Inc.</name>
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        <name>Omnicom Group, Inc.</name>
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        <name>Gold bullion</name>
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        <name>Douglas Emmett, Inc.</name>
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        <name>Berkshire Hathaway, Inc.</name>
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        <name>Oracle Corp.</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>Oracle Corp.</title>
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        <name>Charter Communications, Inc.</name>
        <lei>0J0XRGZE3PBRFEZ7MV65</lei>
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          <isin value="US16119P1084"/>
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        <curCd>USD</curCd>
        <valUSD>8423384.48000000</valUSD>
        <pctVal>0.536152348958</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Manufacturers &amp; Traders Trust Co.</name>
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        <title>Manufacturers &amp; Traders Trust Co.</title>
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          <isin value="US55279HAV24"/>
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        <balance>1205000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.65000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cargill, Inc.</name>
        <lei>QXZYQNMR4JZ5RIRN4T31</lei>
        <title>Cargill, Inc.</title>
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          <isin value="US14178LY385"/>
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        <valUSD>5980041.49000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Agnico Eagle Mines Ltd.</name>
        <lei>254900BFJ2DOHPMEXN45</lei>
        <title>Agnico Eagle Mines Ltd.</title>
        <cusip>008474108</cusip>
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          <isin value="CA0084741085"/>
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        <balance>48620.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.40255000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
        <cusip>43851UAE3</cusip>
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          <isin value="US43851UAE38"/>
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        <balance>13000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12891937.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-14</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
        <cusip>882508104</cusip>
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          <isin value="US8825081040"/>
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        <balance>116050.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18737433.00000000</valUSD>
        <pctVal>1.192646345452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Salesforce, Inc.</name>
        <lei>RCGZFPDMRW58VJ54VR07</lei>
        <title>Salesforce, Inc.</title>
        <cusip>79466L302</cusip>
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          <isin value="US79466L3024"/>
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        <balance>123151.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32069751.91000000</valUSD>
        <pctVal>2.041254659323</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Extra Space Storage, Inc.</name>
        <lei>N/A</lei>
        <title>Extra Space Storage, Inc.</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
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        <balance>42904.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5729400.16000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Workday, Inc.</name>
        <lei>549300J0DYC0N31V7G13</lei>
        <title>Workday, Inc., Class A</title>
        <cusip>98138H101</cusip>
        <identifiers>
          <isin value="US98138H1014"/>
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        <balance>78363.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18800850.96000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
        <cusip>47816GAT6</cusip>
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          <isin value="US47816GAT67"/>
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        <balance>13000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12877783.10000000</valUSD>
        <pctVal>0.819676897670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-27</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Noble Corp. plc</name>
        <lei>549300I3HBUNXO0OG954</lei>
        <title>Noble Corp. plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BMXNWH07"/>
        </identifiers>
        <balance>375505.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11021071.75000000</valUSD>
        <pctVal>0.701496354682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-12-01</ncom:dateSigned>
      <ncom:nameOfApplicant>First Eagle Funds</ncom:nameOfApplicant>
      <ncom:signature>Shuang Wu</ncom:signature>
      <ncom:signerName>Shuang Wu</ncom:signerName>
      <ncom:title> Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
