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(“Global Fund” or the “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.</span></p> Fees and Expenses of the Global Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Global Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares</i> and <i>Public Offering Price of Class A Shares</i> sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms</i>.</span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Fund. 25000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.10</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.10</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.11</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.03</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.10</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.85</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.86</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.78</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.10</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.10</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.11</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.03</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.10</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.85</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.86</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.78</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0.0075 0.0075 0.0025 0.01 0 0 0.001 0.001 0.0011 0.0003 0.011 0.0185 0.0086 0.0078 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Global Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $607</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $832</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,076</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,773</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $288</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $582</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,001</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,169</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $188</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $582</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,001</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,169</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $88</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $274</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $477</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,061</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $80</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $249</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $433</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $966</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $607</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $832</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,076</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,773</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $288</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $582</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,001</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,169</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $188</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $582</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,001</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,169</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $88</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $274</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $477</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,061</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $80</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $249</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $433</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $966</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 607 607 832 832 1076 1076 1773 1773 288 582 1001 2169 188 582 1001 2169 88 88 274 274 477 477 1061 1061 80 80 249 249 433 433 966 966 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Global Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when the Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 15.99% of the average value of its portfolio.</span></p> 0.1599 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To achieve its objective of long-term capital growth, the Global Fund will normally invest primarily in common stocks (and securities convertible into common stocks) of U.S. and foreign companies.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in debt instruments (e.g., notes and bonds) without regard to credit rating or time to maturity, short-term debt instruments, gold and other precious metals, and futures contracts related to precious metals. Under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to foreign investments (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts). That generally means that approximately 40% or more of the Fund’s net assets (plus any </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">borrowings for investment purposes) will be allocated to foreign investments (unless market conditions are not deemed favorable by the Fund, in which case the Fund expects to invest at least 30% of its net assets (plus any borrowings for investment purposes) in foreign investments). For purposes of these 40% and 30% of assets allocations, the Fund “counts” relevant derivative positions on foreign investments, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The investment philosophy and strategy of the Global Fund can be broadly characterized as a “value” approach, as it generally seeks a “margin of safety” in its investment purchases with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also <i>Defensive Investment Strategies.</i></span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Global Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Global Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk — </b>The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk — </b>The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Convertible Security Risk — </b>Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition, credit rating and changes in interest rates and other general economic, industry and market conditions.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Foreign Investment Risk — </b>The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Geographic Investment Risk — </b>To the extent the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region. While the Fund reserves the right to dynamically allocate its assets across countries and regions, listed below are some of the geographies to which the Fund has significant exposure as of the date of this Prospectus.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Canada Risk — </b>The Canadian economy is susceptible to adverse changes in certain commodities markets, including those related to the mining and agricultural industries. It is also heavily dependent on trading with key partners. Any reduction in this trading may adversely affect the Canadian economy. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Canada, which could negatively affect the value of Canadian securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>European Risk — </b>The Fund’s investments may subject it to risks associated with investing in European markets, including economic, political, regulatory and market developments affecting European countries and the European Union. Investments in a single region, even though representing a number of different countries within the region, may be affected by common economic forces and other factors. Political or economic disruptions in European countries, including in countries in which the Fund is not invested, may adversely affect security values and thus the Fund’s holdings. Ongoing geopolitical events, changes in trade relationships, shifts in regulatory frameworks, and regional conflicts may contribute to market volatility, reduced liquidity, and slower economic growth for companies that rely significantly on Europe for their business activities and revenues. Uncertainty regarding economic policy, fiscal conditions, or international trade arrangements involving European countries could also negatively affect the value of European securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Japan Risk — </b>The Japanese economy is heavily dependent upon international trade and may be subject to considerable degrees of economic, political and social instability, which could negatively affect the Fund. Japan has also experienced natural disasters, such as earthquakes and tidal waves, of varying degrees of severity, which also could negatively affect the Fund. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Japan, which could negatively affect the value of Japanese securities.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk — </b>The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Large-Size Company Risk — </b>The Fund may invest in larger, more established companies, the securities of which may be unable to respond quickly to new competitive challenges like changes in consumer tastes or innovative smaller competitors. Larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. The Fund considers large companies to be companies with market capitalizations of $10 billion or greater.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Gold Risk — </b>The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk — </b>The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk — </b>Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk — </b>Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk — </b>An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk — </b>The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Subsidiary Risk — </b>By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Global Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The index is described in the <i>Fund Indices</i> section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>https://www.firsteagle.com/funds/global-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Global Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/global-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xglobalxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 14.73%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> First Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -19.50%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2020-06-30 0.1473 2020-03-31 -0.195 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:57.05%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.69%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.40%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(3/1/17)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle Global Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 24.99%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 10.60%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.48%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 21.67%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.99%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.11%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 15.89%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.99%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.33%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 29.59%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 10.89%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.21%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 31.89%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 12.00%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 10.32%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 31.98%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 12.08%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.90%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>MSCI World Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 21.09%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.15%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.17%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.30%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2017-03-01 0.2499 0.106 0.0948 0.2167 0.0899 0.0811 0.1589 0.0799 0.0733 0.2959 0.1089 0.0921 0.3189 0.12 0.1032 0.3198 0.1208 0.099 (reflects no deduction for fees or expenses, but reflects net of withholding taxes) 0.2109 0.1215 0.1217 0.123 First Eagle Overseas Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Overseas Fund (“Overseas Fund” or the “Fund”) seeks long-term growth of capital by investing primarily in equities issued by non-U.S. corporations.</span></p> Fees and Expenses of the Overseas Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Overseas Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Overseas Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Overseas Fund. 25000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.12</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.13</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.04</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.14</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.87</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.88</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.79</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.12</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.13</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.04</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.14</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.87</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.88</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.79</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0.0075 0.0075 0.0025 0.01 0 0 0.0014 0.0012 0.0013 0.0004 0.0114 0.0187 0.0088 0.0079 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Overseas Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $610</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $844</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,817</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $290</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $588</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,011</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,190</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $190</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $588</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,011</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,190</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $90</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $281</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $488</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,084</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $81</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $252</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $439</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $978</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $610</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $844</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,817</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $290</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $588</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,011</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,190</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $190</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $588</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,011</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,190</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $90</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $281</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $488</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,084</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $81</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $252</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $439</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $978</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 610 610 844 844 1096 1096 1817 1817 290 588 1011 2190 190 588 1011 2190 90 90 281 281 488 488 1084 1084 81 81 252 252 439 439 978 978 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Overseas Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 12.34% of the average value of its portfolio.</span></p> 0.1234 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To achieve its objective of long-term capital growth, the Overseas Fund will invest primarily in equity securities (e.g., common stocks) of non-U.S. companies, the majority of which are traded in mature markets (for example, Canada, Japan, Germany and France), and may invest in countries whose economies are still developing (sometimes called “emerging markets”). The Fund particularly seeks companies that have financial strength and stability, strong management and fundamental value. Normally, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in foreign securities (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts) and “counts” relevant derivative positions towards this “80% of assets” allocation, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance </span></p><table style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:100%;" valign="bottom"><p style="margin:2.1mm 0 0; ; text-align: right;"><span style="font-family:sans-serif; font-size:2.6mm; margin-right:6.3mm; ">First Eagle Funds <span style="word-spacing: 0.00pc;"> </span>| <span style="word-spacing: 0.00pc;"> </span>Prospectus <span style="word-spacing: 0.00pc;"> </span>| <span style="word-spacing: 0.00pc;"> </span>March 1, 2026</span><span style="font-family:sans-serif; font-size:2.6mm; ">15</span></p></td> </tr> </table><p style="margin:2.1mm 0 0;"></p><p></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">with this test at notional value). The Fund also may invest up to 20% of its total assets in debt instruments (e.g., notes and bonds). The Fund may invest in debt instruments generally without regard to their credit rating or time to maturity. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may invest in gold and other precious metals, and futures contracts related to precious metals.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The investment philosophy and strategy of the Overseas Fund can be broadly characterized as a “value” approach, as it generally seeks a “margin of safety” in its investment purchases with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also <i>Defensive Investment Strategies.</i></span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Overseas Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments section.</i></span></p> As with any mutual fund investment, you may lose money by investing in the Overseas Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk — </b>The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk — </b>The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Foreign Investment Risk — </b>The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Geographic Investment Risk — </b>To the extent the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region. While the Fund reserves the right to dynamically allocate </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> its assets across countries and regions, listed below are some of the geographies to which the Fund has significant exposure as of the date of this Prospectus.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Canada Risk — </b>The Canadian economy is susceptible to adverse changes in certain commodities markets, including those related to the mining and agricultural industries. It is also heavily dependent on trading with key partners. Any reduction in this trading may adversely affect the Canadian economy. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Canada, which could negatively affect the value of Canadian securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>European Risk — </b>The Fund’s investments may subject it to risks associated with investing in European markets, including economic, political, regulatory and market developments affecting European countries and the European Union. Investments in a single region, even though representing a number of different countries within the region, may be affected by common economic forces and other factors. Political or economic disruptions in European countries, including in countries in which the Fund is not invested, may adversely affect security values and thus the Fund’s holdings. Ongoing geopolitical events, changes in trade relationships, shifts in regulatory frameworks, and regional conflicts may contribute to market volatility, reduced liquidity, and slower economic growth for companies that rely significantly on Europe for their business activities and revenues. Uncertainty regarding economic policy, fiscal conditions, or international trade arrangements involving European countries could also negatively affect the value of European securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Japan Risk — </b>The Japanese economy is heavily dependent upon international trade and may be subject to considerable degrees of economic, political and social instability, which could negatively affect the Fund. Japan has also experienced natural disasters, such as earthquakes and tidal waves, of varying degrees of severity, which also could negatively affect the Fund. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Japan, which could negatively affect the value of Japanese securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> South Korea Risk — </b>The South Korean economy is heavily reliant on trading exports and disruptions or decreases in trade activity could lead to further declines. Investments in South Korean issuers may subject the Fund to legal, regulatory, political, currency, security and </span></p> <p><span style="font-size:0.2mm"> </span></p> <span style="font-family:sans-serif; font-size:3.8mm; "> economic risks that are specific to South Korea. Periods of political instability, including recent events, may negatively impact the South Korean economy. Economic and political developments of South Korea’s neighbors, including escalated tensions involving North Korea and any outbreak of hostilities involving North Korea, or even the threat of an outbreak of such hostilities, may have a severe adverse effect on the South Korean economy.</span> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Emerging Market Risk — </b>When the Fund invests in emerging market securities (generally meaning those associated with less developed markets), the Fund may be exposed to market, credit, currency, liquidity, legal, political, technical and other risks different from, and generally greater than, the risks of investing in developed markets. Emerging market countries typically have less-established market economies than developed countries and may face greater social, economic, regulatory and political uncertainties. In addition, emerging markets typically present greater illiquidity and price volatility concerns due to smaller or limited local capital markets and greater difficulty in determining market valuations of securities due to limited public information on issuers.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk — </b>The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Large-Size Company Risk — </b>The Fund may invest in larger, more established companies, the securities of which may be unable to respond quickly to new competitive challenges like changes in consumer tastes or innovative smaller competitors. Larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. The Fund considers large companies to be companies with market capitalizations of $10 billion or greater.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk — </b>The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Gold Risk — </b>The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk — </b>Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk — </b>Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk — </b>An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk — </b>The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Subsidiary Risk — </b>By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Overseas Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The index is described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/overseas-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Overseas Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/overseas-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xoverseasxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:37.93%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:3.64%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:37.93%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.54%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 12.99%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> First Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -17.70%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2020-06-30 0.1299 2020-03-31 -0.177 <p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:56.75%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.69%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.70%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(3/1/17)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle Overseas Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 31.74%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.28%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.30%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 28.10%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 6.60%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 6.12%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 19.37%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.97%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.55%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 36.66%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.60%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.06%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 39.02%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.69%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.15%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 39.15%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.78%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.05%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>MSCI EAFE Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 31.22%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.92%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.18%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.66%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2017-03-01 0.3174 0.0828 0.073 0.281 0.066 0.0612 0.1937 0.0597 0.0555 0.3666 0.086 0.0706 0.3902 0.0969 0.0815 0.3915 0.0978 0.0805 (reflects no deduction for fees or expenses, but reflects net of withholding taxes) 0.3122 0.0892 0.0818 0.0866 First Eagle U.S. Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle U.S. Fund (“U.S. Fund” or the “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.</span></p> Fees and Expenses of the U.S. Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the U.S. Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the U.S. Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares</i> and <i>Public Offering Price of Class A Shares</i> sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the U.S. Fund. 25000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.13</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.08</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.14</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.88</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.89</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.83</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.13</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.08</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.14</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.88</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.89</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.83</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0.0075 0.0075 0.0025 0.01 0 0 0.0014 0.0013 0.0014 0.0008 0.0114 0.0188 0.0089 0.0083 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the U.S. Fund with the cost of investing in other mutual funds. This hypothetical </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $610</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $844</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,817</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $291</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $591</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,016</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,201</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $191</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $591</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,016</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,201</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $91</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $284</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $493</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $265</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $460</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,025</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $610</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $844</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,817</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $291</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $591</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,016</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,201</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $191</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $591</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,016</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,201</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $91</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $284</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $493</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $265</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $460</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,025</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 610 610 844 844 1096 1096 1817 1817 291 591 1016 2201 191 591 1016 2201 91 91 284 284 493 493 1096 1096 85 85 265 265 460 460 1025 1025 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The U.S. Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 16.89% of the average value of its portfolio.</span></p> 0.1689 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To achieve its objective of long-term capital growth, the U.S. Fund will normally invest at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity (e.g., common stocks) and debt instruments (e.g., notes and bonds) and may invest to a lesser extent in securities of non-U.S. issuers (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts). In particular, the Fund seeks companies exhibiting financial strength and stability, strong management and fundamental value. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The debt instruments in which the Fund may invest include fixed income securities without regard to credit rating or time to maturity and short-term debt </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">instruments. The Fund may also invest in gold and other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The investment philosophy and strategy of the U.S. Fund can be broadly characterized as a “value” approach, as it generally seeks a “margin of safety” in its investment purchases with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also <i>Defensive Investment Strategies.</i></span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the U.S. Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the U.S. Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk — </b>The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk — </b>The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk — </b>The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk — </b>The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Large-Size Company Risk — </b>The Fund may invest in larger, more established companies, the securities of which may be unable to respond quickly to new competitive challenges like changes in consumer tastes or innovative smaller competitors. Larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. The Fund considers large companies to be companies with market capitalizations of $10 billion or greater.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Gold Risk — </b>The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk — </b>Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. The Fund may use derivatives in seeking to reduce the impact of foreign exchange rate changes on the Fund’s value. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Foreign Investment Risk — </b>The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk — </b>Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk — </b>An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk — </b>The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Subsidiary Risk — </b>By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the U.S. Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The index is described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/us-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the U.S. Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/us-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xusvaluexbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 14.53%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> First Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -21.57%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2020-06-30 0.1453 2020-03-31 -0.2157 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:54.63%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.69%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:11.00%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(3/1/17)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle U.S. Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 16.50%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.52%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 10.32%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 13.68%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.43%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.25%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.07%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.70%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.82%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 20.71%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.82%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 10.05%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 22.89%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 12.96%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.18%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 22.98%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 13.02%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 10.42%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>S&amp;P 500 Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 17.88%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 14.42%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 14.82%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 14.70%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2017-03-01 0.165 0.1152 0.1032 0.1368 0.0943 0.0825 0.1107 0.087 0.0782 0.2071 0.1182 0.1005 0.2289 0.1296 0.1118 0.2298 0.1302 0.1042 (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.147 First Eagle Gold Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Gold Fund (“Gold Fund” or the “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.</span></p> Fees and Expenses of the Gold Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Gold Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Gold Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares</i> sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Gold Fund. 25000 <table cellpadding="0" style="margin-left: 0.00%; margin-right: 0.00%; width: 100.00%; border-spacing: 0px;"> <tr> <td style="width: 65.33%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 6.68%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 8.29%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> </tr> <tr valign="bottom"> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class A</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class C</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class I</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class R6</strong></span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong> Shareholder Fees (fees paid directly from your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 5.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00*</span></p> </td> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> </span></p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p style="margin: 0 2.1mm 0 0;"><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Management Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Distribution and/or Service (12b-1) Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.25</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.14</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.14</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.16</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.06</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p style="margin: 0;"> </p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.14</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.89</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.91</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.81</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left: 0.00%; margin-right: 0.00%; width: 100.00%; border-spacing: 0px;"> <tr> <td style="width: 65.33%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 6.68%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 8.29%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> </tr> <tr valign="bottom"> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class A</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class C</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class I</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class R6</strong></span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong> Shareholder Fees (fees paid directly from your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 5.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00*</span></p> </td> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> </span></p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p style="margin: 0 2.1mm 0 0;"><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Management Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.75</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Distribution and/or Service (12b-1) Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.25</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.14</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.14</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.16</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.06</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p style="margin: 0;"> </p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.14</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.89</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.91</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.81</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0.0075 0.0075 0.0025 0.01 0 0 0.0014 0.0014 0.0016 0.0006 0.0114 0.0189 0.0091 0.0081 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Gold Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $610</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $844</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,817</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $292</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $594</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,021</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,212</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $192</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $594</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,021</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,212</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $93</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $290</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $504</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,120</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $83</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $259</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $450</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,002</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $610</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $844</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,096</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,817</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $292</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $594</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,021</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,212</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $192</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $594</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,021</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,212</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $93</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $290</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $504</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,120</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $83</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $259</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $450</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,002</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 610 610 844 844 1096 1096 1817 1817 292 594 1021 2212 192 594 1021 2212 93 93 290 290 504 504 1120 1120 83 83 259 259 450 450 1002 1002 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Gold Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 15.34% of the average value of its portfolio.</span></p> 0.1534 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the Gold Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities (which may include both equity (e.g., common stocks) and, to a limited extent, debt instruments (e.g., notes and bonds)) directly related to gold or issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long-, medium-or short-life mines. Up to 20% of the Fund’s assets may be invested in equity and, to a limited extent, debt instruments unrelated to gold or the gold industry. </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund anticipates it will allocate a substantial amount of its assets to foreign investments (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts). The Fund may invest up to 20% of its total assets in debt securities. Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in fixed income instruments (without regard to credit rating or time to maturity), short-term debt instruments, other precious metals, and futures contracts related to precious metals. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Gold Fund is not intended to be a complete investment program. However, many investors believe that, historically, a limited exposure to investments in gold or gold-related instruments may provide some offset against the market impact of political and economic disruptions, as well as relieve inflationary or deflationary pressures.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Gold Fund is a “non-diversified” fund. It generally invests a greater portion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts). The Fund will invest in the Subsidiary in order to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to regulated investment companies.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Unlike the Fund, the Subsidiary may invest without limitation in commodities and related instruments, however, the Subsidiary will comply with the same 1940 Act asset coverage requirements with respect to any investments in commodity-linked derivatives that are applicable to the Fund’s transactions in derivatives. In addition, to the extent applicable to the investment activities of the Subsidiary, the Subsidiary will be subject to the same fundamental investment restrictions and will follow the same compliance policies and procedures as the Fund. Compliance with the Fund’s investment restrictions generally will be measured on an aggregate basis in respect of the Fund’s and the Subsidiary’s portfolios. The Subsidiary will comply with the 1940 Act </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">provisions governing affiliate transactions and custody of assets. The Fund is the sole shareholder of the Subsidiary and does not expect shares of the Subsidiary to be offered or sold to other investors.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Gold Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Gold Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk —</b> The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Gold Risk —</b> The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk —</b> The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk —</b> Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Foreign Investment Risk —</b> The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. These risks may be more pronounced with respect to investments in emerging markets. Because of the Gold Fund’s policy of investing primarily in gold, securities directly related to gold and/or of companies engaged in the gold industry, a substantial part of the Gold Fund’s assets will generally be invested in one or more foreign countries, including emerging markets. Additionally, dividends and interest received by the Fund </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Geographic Investment Risk —</b> To the extent the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region. While the Fund reserves the right to dynamically allocate its assets across countries and regions, listed below are some of the geographies to which the Fund has significant exposure as of the date of this Prospectus.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Australia Risk —</b> The Australian economy is susceptible to adverse changes in certain commodities markets, including those related to the mining and agricultural industries. The Australian economy is also becoming increasingly dependent on its growing services industry. The Australian economy is also heavily dependent on trading with key partners, including the U.S., China, Japan, South Korea, other Asian and certain European countries. Economic events in the U.S., Asia, or in other key trading countries can have a significant economic effect on the Australian economy. Reduction in spending on Australian products and services, or changes in any of the economies may cause an adverse impact on the Australian economy.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Canada Risk —</b> The Canadian economy is susceptible to adverse changes in certain commodities markets, including those related to the mining and agricultural industries. It is also heavily dependent on trading with key partners. Any reduction in this trading may adversely affect the Canadian economy. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Canada, which could negatively affect the value of Canadian securities.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Diversification Risk —</b> The Fund is a non-diversified mutual fund, and as a result, an investment in the Fund may expose your money to greater risks than if you invest in a diversified fund. The Fund may invest in a limited number of companies, therefore gains or losses in a particular security may have a greater impact on their share price.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk —</b> The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Large-Size Company Risk —</b> The Fund may invest in larger, more established companies, the securities of which may be unable to respond quickly to new competitive challenges like changes in consumer tastes or innovative smaller competitors. Larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. The Fund considers large companies to be companies with market capitalizations of $10 billion or greater.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk —</b> The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk —</b> Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk —</b> The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Subsidiary Risk —</b> By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Gold Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The indices are described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/gold-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Gold Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/gold-fund The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xgoldxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 39.99%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2022</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -18.59%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2020-06-30 0.3999 2022-06-30 -0.1859 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:55.16%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.59%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.69%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:11.00%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(3/1/17)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle Gold Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 116.98%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 18.39%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 17.92%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 115.96%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 17.84%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 17.60%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 69.21%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 14.69%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 15.24%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 125.68%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 18.73%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 17.63%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 128.88%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 19.90%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 18.83%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 129.08%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 20.02%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 16.12%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>MSCI World Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 21.09%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.15%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.17%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.30%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> FTSE Gold Mines Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 169.34%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 18.30%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 20.07%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 15.44%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2017-03-01 1.1698 0.1839 0.1792 1.1596 0.1784 0.176 0.6921 0.1469 0.1524 1.2568 0.1873 0.1763 1.2888 0.199 0.1883 1.2908 0.2002 0.1612 (reflects no deduction for fees or expenses, but reflects net of withholding taxes) 0.2109 0.1215 0.1217 0.123 1.6934 0.183 0.2007 0.1544 First Eagle Global Income Builder Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Global Income Builder Fund (“Global Income Builder Fund” or the “Fund”) seeks current income generation and long-term growth of capital.</span></p> Fees and Expenses of the Global Income Builder Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Global Income Builder Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Income Builder Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Global Income Builder Fund. 25000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.12</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.15</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.16</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.09</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.12</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.90</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.91</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.84</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.12</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.15</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.16</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.09</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.12</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.90</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.91</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.84</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0.0075 0.0075 0.0025 0.01 0 0 0.0012 0.0015 0.0016 0.0009 0.0112 0.019 0.0091 0.0084 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Global Income Builder Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $608</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $838</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,086</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,795</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $293</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $597</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,026</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,222</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $193</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $597</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,026</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,222</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $93</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $290</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $504</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,120</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $86</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $268</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $466</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,037</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $608</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $838</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,086</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,795</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $293</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $597</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,026</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,222</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $193</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $597</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,026</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,222</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $93</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $290</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $504</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,120</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $86</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $268</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $466</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,037</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 608 608 838 838 1086 1086 1795 1795 293 597 1026 2222 193 597 1026 2222 93 93 290 290 504 504 1120 1120 86 86 268 268 466 466 1037 1037 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Global Income Builder Fund pays transaction costs when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 12.45% of the average value of its portfolio.</span></p> 0.1245 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To achieve its objective of current income generation and long-term growth of capital, the Global Income Builder Fund will normally invest primarily in common stocks of U.S. and foreign companies that offer attractive dividend yields as well as a range of fixed income instruments, including high-yield, below investment grade instruments (commonly referred to as “junk bonds”), investment grade instruments and sovereign debt, from markets in the United States and multiple countries around the world.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Investment decisions for the Global Income Builder Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in gold and other precious metals, and futures contracts related to precious metals. Under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to income-producing securities. That generally means that approximately 80% or more of </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to such investments, which may include dividend paying equities, both high-yield (below investment grade) and investment grade debt, sovereign bonds, and various short-term debt instruments. The Fund may invest in securities with any maturity or investment rating, as well as unrated securities. The Fund may also invest (typically for hedging purposes) in derivative instruments such as options, futures contracts and options on futures contracts, credit default swaps, and swaps and options on indices.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Additionally, under normal circumstances, the Fund anticipates it will allocate a substantial amount of its assets to foreign investments (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts). That generally means that approximately 40% or more of the Fund’s net assets (plus any borrowings for investment purposes) will be allocated to foreign investments (unless market conditions are not deemed favorable by the Fund, in which case the Fund expects to invest at least 30% of its net assets (plus any borrowings for investment purposes) in foreign investments). For purposes of these 80%, 40% and 30% of assets allocations, the Fund “counts” relevant derivative positions on investments, and in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The investment philosophy and strategy of the Global Income Builder Fund can be broadly characterized as a “value” approach, as it generally seeks a “margin of safety” in its investment purchases with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). With respect to equity investments in particular, a discount to “intrinsic value” is sought even for what appear to be the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. Investments in debt instruments are made after careful scrutiny of the underlying creditworthiness of the issuer, taking into account such factors as cash flow generation, liquidation value and structural protections. The Global Income Builder Fund seeks to own debt instruments that offer an attractive “margin of safety” on principal repayment relative to the total expected return of the security.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">company. Generally, the Subsidiary will invest in commodities and related instruments (primarily gold bullion and other precious metals and related futures contracts).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Global Income Builder Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Global Income Builder Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk —</b> The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk —</b> The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Foreign Investment Risk —</b> The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Geographic Investment Risk —</b> To the extent the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region. While the Fund is not required to allocate its investments in any set percentages to any particular countries, it normally will invest in at least three countries (one of which may be the United States). The Fund reserves the right to dynamically allocate its assets across countries and regions. Listed below are some of the geographies to which the Fund has significant exposure as of the date of this Prospectus.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Canada Risk —</b> The Canadian economy is susceptible to adverse changes in certain commodities markets, including those related to the mining and agricultural industries. It is also heavily dependent on trading with key partners. Any reduction in this trading may adversely affect the Canadian economy. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Canada, which could negatively affect the value of Canadian securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>European Risk —</b> The Fund’s investments may subject it to risks associated with investing in European markets, including economic, political, regulatory and market developments affecting European countries and the European Union. Investments in a single region, even though representing a number of different countries within the region, may be affected by common economic forces and other factors. Political or economic disruptions in European countries, including in countries in which the Fund is not invested, may adversely affect security values and thus the Fund’s holdings. Ongoing geopolitical events, changes in trade relationships, shifts in regulatory frameworks, and regional conflicts may contribute to market volatility, reduced liquidity, and slower economic growth for companies that rely significantly on Europe for their business activities and revenues. Uncertainty regarding economic policy, fiscal conditions, or </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">international trade arrangements involving European countries could also negatively affect the value of European securities.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk —</b> The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Corporate Bond Risk —</b> The market value of a corporate bond may be affected by factors directly related to the issuer and by factors not directly related to the issuer, such as general market liquidity. The market value of corporate bonds generally may be expected to rise and fall inversely with interest rates, and as a result, corporate bonds may lose value in a rising-rate environment.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Prepayment Risk —</b> Certain instruments, especially mortgage-backed securities, for example, are susceptible to the risk of prepayment by borrowers. During a period of declining interest rates, homeowners may refinance their high-rate mortgages and prepay the principal. Cash from these prepayments flows through to prepay the mortgage-backed securities, necessitating reinvestment in other assets, which may lower returns. Asset-backed securities, which are subject to risks similar to those </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> of mortgage-backed securities, are also structured like mortgage-backed securities, but instead of mortgage loans or interests in mortgage loans, the underlying assets may include such items as motor vehicle installment sales or installment loan contracts, leases of various types of real and personal property and receivables from credit card agreements. The market for mortgage-backed and asset-backed instruments may be volatile and limited, which may make them difficult to buy or sell.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Dividend Risk —</b> There is no guarantee that issuers of the securities held by the Fund will declare dividends in the future or that, if declared, they will be paid, or that they will either remain at current levels or increase over time.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Income Risk —</b> The Fund may experience a decline in its income due to falling interest rates, earnings declines, income decline within a security or default of an issuer of a security. During periods of increasing or prolonged high interest rates, among other things, borrowing costs may increase, fewer issuances of securities and decreased liquidity may occur and/or an issuer of a security may be unable to refinance existing debt obligations and/or make income payments. The continued availability of income-producing equity securities may potentially become limited. The amount and rate of distributions that the Fund’s shareholders receive are affected by the income that the Fund receives from its portfolio holdings. If the income is reduced, distributions by the Fund to shareholders may be less.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Changes in Debt Ratings Risk —</b> If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Defaulted Securities Risk —</b> The Fund may invest in securities of issuers that are experiencing significant financial or business difficulties, including issuers involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to a company in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> High Yield Risk —</b> The Fund intends to invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade instruments and may experience extreme price fluctuations. The securities of such issuers may be considered speculative and the ability of such issuers to pay their debts on schedule may be uncertain.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Gold Risk —</b> The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk —</b> Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. To date, derivatives have been used mainly under a hedging program that seeks to reduce the impact of foreign exchange rate changes on the Fund’s value. The Fund may at times also purchase derivatives as either a hedge or for investment purposes. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Options Risk —</b> The Fund may engage in various options transactions in which the Fund typically seeks to limit investment risk by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Swaps Risk —</b> Swap agreements (including interest rate, total return, credit default and index) are derivatives contracts where the parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. In addition to the risks generally applicable to derivatives, risks associated with swap </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> agreements include adverse changes in the returns of the underlying instruments, failure of the counterparties to perform under the agreement’s terms and the possible lack of liquidity with respect to the agreements. In addition, interest rate swaps may fail to perform as intended and may not offset adverse changes in interest rates fully or at all. Interest rate swaps may also reduce the Fund’s gains due to favorable changes in interest rates and result in losses to the Fund. Counterparties to interest rate swaps are subject to manipulation in the marketplace of the floating rate benchmarks, which may affect the utility of interest rate swaps as a hedge.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk —</b> Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk —</b> The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Large-Size Company Risk —</b> The Fund may invest in larger, more established companies, the securities of which may be unable to respond quickly to new competitive challenges like changes in consumer tastes or innovative smaller competitors. Larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. The Fund considers large companies to be companies with market capitalizations of $10 billion or greater.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Bank Loan Risk —</b> The Fund may invest in bank loans. These investments potentially expose the Fund to the credit risk of the underlying borrower, and in certain cases, of the financial institution. The Fund’s ability to receive payments in connection with the loan depends primarily on the financial condition of the borrower. The market for bank loans may be illiquid and the Fund may have difficulty selling them, especially in the case of leveraged loans, which can be difficult to value. In addition, bank loans often have contractual restrictions on resale, which can delay the sale and adversely impact the sale price. At times, the Fund may decline to receive non-public information relating to loans, which could disadvantage the Fund relative to other investors.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Real Estate Industry Risk —</b> The Fund may invest in real estate investment trusts (“REITs”), which are subject to risks affecting the real estate industry </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> generally (including market conditions, competition, property obsolescence, changes in interest rates and casualty to real estate), as well as risks specifically affecting REITs (the quality and skill of REIT management and the internal expenses of the REIT).</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Sovereign Debt Risk —</b> The Fund’s investments in debt obligations of sovereign governments may lose value due to the government entity’s unwillingness or inability to repay principal and interest when due in accordance with the terms of the debt or otherwise in a timely manner. The Fund may have limited (or no) recourse in the event of a default because bankruptcy, moratorium and other similar laws applicable to issuers of sovereign debt obligations may be substantially different from those applicable to private issuers and any recourse may be subject to the political climate in the relevant country.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Reference Rate Transition Risk —</b> The Fund may be exposed to financial instruments that transitioned from, or continue to be tied to, the London Interbank Offered Rate (“LIBOR”) or that reference alternative rates that replaced LIBOR. The effect of the transition away from LIBOR and the adoption of replacement rates, such as the Secured Overnight Financing Rate (“SOFR”) and other risk-free rates, may affect the value, liquidity or return of certain investments. The Fund may also be exposed to financial instruments linked to other reference rates that may be subject to reform, replacement or discontinuation in the future.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk —</b> The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk —</b> An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Subsidiary Risk —</b> By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Global Income Builder Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The indices are described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/global-income-builder-fund</b> or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Global Income Builder Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/global-income-builder-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xgibfxbar.jpg" style="-sec-ix-hidden: hidden-fact-0; margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Fourth Quarter 2022</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.10%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> First Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -15.78%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2022-12-31 2020-03-31 -0.1578 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:57.05%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.69%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.40%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(3/1/17)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle Global Income Builder Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 19.90%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.93%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.41%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 18.11%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 6.57%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 6.31%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 12.01%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.73%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.55%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 24.20%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.18%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.14%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 26.46%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.29%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.22%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 26.60%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.37%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.74%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 7.30%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> -0.36%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.01%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.87%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Bloomberg Global Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.17%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> -2.15%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.26%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.01%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> MSCI World Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 21.09%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.15%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.17%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.30%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 60% MSCI World Index/40% Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes)*</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 15.51%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 7.13%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.23%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.26%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>60% MSCI World Index/40% Bloomberg Global Aggregate Bond Index (reflects no deduction for fees or expenses, but reflects net of taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 15.90%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 6.35%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 7.89%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 7.87%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Effective September 30, 2025, the Fund’s benchmark index changed from the composite index consisting of 60% of the MSCI World Index and 40% of the Bloomberg U.S. Aggregate Bond Index to the composite index consisting of 60% of the MSCI World Index and 40% of the Bloomberg Global Aggregate Bond Index. The Fund believes that the new index more closely reflects the Fund’s investment strategies.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> 0.199 0.0793 0.0741 0.1811 0.0657 0.0631 0.1201 0.0573 0.0555 0.242 0.0818 0.0714 0.2646 0.0929 0.0822 0.266 0.0937 0.0774 0.073 -0.0036 0.0201 0.0187 0.0817 -0.0215 0.0126 0.0101 (reflects no deduction for fees or expenses, but reflects net of withholding taxes) 0.2109 0.1215 0.1217 0.123 0.1551 0.0713 0.0823 0.0826 0.159 0.0635 0.0789 0.0787 First Eagle Rising Dividend Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Rising Dividend Fund (“Rising Dividend Fund” or the “Fund”) seeks capital appreciation and current income.</span></p> Fees and Expenses of the Rising Dividend Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Rising Dividend Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Rising Dividend Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217 respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Rising Dividend Fund. 25000 <table cellpadding="0" style="margin-left: 0.00%; margin-right: 0.00%; width: 100.00%; border-spacing: 0px;"> <tr> <td style="width: 66.24%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 6.68%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 8.29%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> </tr> <tr valign="bottom"> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class A</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class C</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class I</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class R6</strong></span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong> Shareholder Fees (fees paid directly from your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 5.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00*</span></p> </td> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> </span></p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p style="margin: 0 2.1mm 0 0;"><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Management Fees**</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Distribution and/or Service (12b-1) Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.25</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.24</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.19</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.22</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.15</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p style="margin: 0;"> </p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.99</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.69</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.72</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> <tr> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;">Fee Waiver and/or Expense Reimbursement**</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"> </p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> -0.09</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> -0.04</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> -0.07</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.90</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.90%, 1.65%, 0.65% and 0.65% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.90%, 1.65%, 0.65% and 0.65% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> <table cellpadding="0" style="margin-left: 0.00%; margin-right: 0.00%; width: 100.00%; border-spacing: 0px;"> <tr> <td style="width: 66.24%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 6.68%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 8.29%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> </tr> <tr valign="bottom"> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class A</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class C</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class I</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class R6</strong></span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong> Shareholder Fees (fees paid directly from your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 5.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00*</span></p> </td> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> </span></p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p style="margin: 0 2.1mm 0 0;"><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Management Fees**</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.50</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Distribution and/or Service (12b-1) Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.25</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.24</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.19</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.22</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.15</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p style="margin: 0;"> </p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.99</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.69</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.72</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> <tr> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;">Fee Waiver and/or Expense Reimbursement**</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"> </p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> -0.09</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> -0.04</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> -0.07</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.90</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 0.65</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.90%, 1.65%, 0.65% and 0.65% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.90%, 1.65%, 0.65% and 0.65% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.005 0.005 0.005 0.005 0.0025 0.01 0 0 0.0024 0.0019 0.0022 0.0015 0.0099 0.0169 0.0072 0.0065 -0.0009 -0.0004 -0.0007 0 0.009 0.0165 0.0065 0.0065 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. 2027-02-28 Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Rising Dividend Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (except that the fee waiver is taken into account only for the one-year expense example). Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $587</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $791</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,011</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,645</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $268</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $529</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $914</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,994</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $168</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $529</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $914</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,994</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $66</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $223</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $394</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $888</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $66</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $208</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $362</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $810</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $587</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $791</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,011</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,645</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $268</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $529</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $914</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,994</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $168</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $529</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $914</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,994</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $66</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $223</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $394</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $888</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $66</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $208</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $362</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $810</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 587 587 791 791 1011 1011 1645 1645 268 529 914 1994 168 529 914 1994 66 66 223 223 394 394 888 888 66 66 208 208 362 362 810 810 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Rising Dividend Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Rising </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">Dividend Fund’s portfolio turnover rate was 12.52% of the average value of its portfolio.</span></p> 0.1252 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To achieve its objective of capital appreciation and current income, under normal circumstances the Fund will primarily invest in domestic stocks and, to a lesser extent, debt and foreign equity instruments (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts). The Fund’s investments in foreign equity instruments can be denominated in any applicable foreign currency. Normally, at least 80% of the Fund’s net assets (plus any borrowings for investment purposes) are invested in dividend paying equity securities where the dividends are expected to increase over time. Such investments include common stock, hybrid instruments such as preferred stock and convertible securities, and real estate investment trusts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund also may invest in warrants, corporate bonds and other debt instruments, repurchase agreements and derivatives. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">In selecting companies for investment, the Adviser seeks to identify what it considers to be high quality companies. While a company selected for investment may not meet all of these characteristics, the Adviser considers a high quality company to demonstrate, in the opinion of the Adviser, some or all of the following: durable competitive advantage(s); conservative capital structure; prudent management; and attractive financial metrics, including the capacity to grow dividends. The Adviser generally will sell an investment if it no longer meets these criteria.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The derivatives in which the Fund may invest include written covered call and put options on equity or debt securities. The Fund may write “covered” call (and put) options on equity or debt securities in seeking to enhance investment return and to hedge against declines (or increases) in the prices of portfolio securities.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund may enter into certain types of repurchase agreements, primarily as a cash management strategy.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The investment philosophy and strategy of the Fund can be broadly characterized as a “value” approach, as it generally seeks a “margin of safety” </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">in its investment purchases with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also <i>Defensive Investment Strategies.</i></span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in debt securities generally without regard to their credit rating, time to maturity or duration. “Duration” is a way of measuring a debt security’s sensitivity to a potential change in interest rates. However, the Fund has no current intention of investing more than 5% of its net assets in debt instruments that are below investment grade (commonly referred to as “high yield” or “junk” bonds).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund is a “non-diversified” fund. It generally invests a greater portion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Rising Dividend Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Rising Dividend Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk — </b>The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk — </b>The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Dividend Risk — </b>There is no guarantee that issuers of the securities held by the Fund will declare dividends in the future or that, if declared, they will be paid, or that they will either remain at current levels or increase over time.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Income Risk — </b>The Fund may experience a decline in its income due to falling interest rates, earnings declines, income decline within a security or default of an issuer of a security. During periods of increasing or prolonged high interest rates, among other things, borrowing costs may increase, fewer issuances of securities and decreased liquidity may occur and/or an issuer of a security may be unable to refinance existing debt obligations and/or make income payments. The continued availability of income-producing equity securities may potentially become limited. The amount and rate of distributions that the Fund’s shareholders receive are affected by the income that the Fund receives from its portfolio holdings. If the income is reduced, distributions by the Fund to shareholders may be less.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Preferred Stock Risk — </b>The Fund may invest in preferred stock. Unlike common stock, preferred stock generally pays a fixed dividend from a company’s earnings and may have a preference over common stock on the distribution of a company’s assets in the event of bankruptcy or liquidation. Preferred stockholders’ liquidation rights are subordinate to the company’s debt holders and creditors. If interest rates rise, the fixed dividend on preferred stocks may be less attractive and the price of preferred stocks may decline.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Warrants and Rights Risk — </b>The Fund may invest in warrants. Warrants can provide a greater potential for profit or loss than an equivalent investment in the underlying security. Prices of warrants do not necessarily move in </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> tandem with the prices of the underlying securities and therefore are highly volatile and speculative investments.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Convertible Security Risk — </b>Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition, credit rating and changes in interest rates and other general economic, industry and market conditions.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Diversification Risk — </b>The Fund is a non-diversified mutual fund, and as a result, an investment in the Fund may expose your money to greater risks than if you invest in a diversified fund. The Fund will invest in a limited number of companies, therefore gains or losses in a particular security may have a greater impact on their share price.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk — </b>The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Corporate Bond Risk — </b>The market value of a corporate bond may be affected by factors directly related to the issuer and by factors not directly </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> related to the issuer, such as general market liquidity. The market value of corporate bonds generally may be expected to rise and fall inversely with interest rates, and as a result, corporate bonds may lose value in a rising-rate environment.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Call Risk — </b>The Fund may be subject to the risk that an issuer will exercise its right to pay principal on a debt obligation (such as a convertible security) that is held by the Fund earlier than expected. This may happen when there is a decline in interest rates. Under these circumstances, the Fund may be unable to recoup all of its initial investment and may also suffer from having to reinvest in lower-yielding securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Prepayment Risk — </b>Certain instruments are susceptible to the risk of prepayment by borrowers. During a period of declining interest rates, borrowers may refinance high-rate debt and prepay the principal. Cash from these prepayments flows through to prepay securities, necessitating reinvestment in other assets, which may lower returns.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk — </b>The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-size companies to have market capitalizations of less than $10 billion.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Large-Size Company Risk — </b>The Fund may invest in larger, more established companies, the securities of which may be unable to respond quickly to new competitive challenges like changes in consumer tastes or innovative smaller competitors. Larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. The Fund considers large companies to be companies with market capitalizations of $10 billion or greater.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Repurchase Agreements Risk — </b>The Fund may enter into certain types of repurchase agreements, primarily as a cash management strategy. If the seller fails to repurchase the security and the market value declines, the Fund may lose money.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Options Risk — </b>The Fund may engage in various options transactions in which the Fund seeks to limit investment risk or increase investment returns by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Foreign Investment Risk — </b>The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. The Fund’s investments also may subject it to the risks associated with investing in the European markets, including the risks associated with the United Kingdom’s exit from the European Union (“Brexit”) and the war in Ukraine. The impact of Brexit on the United Kingdom and European economies could be significant, potentially resulting in increased volatility and illiquidity and lower economic growth for companies that rely significantly on the United Kingdom and/or Europe for their business activities and revenues. Any further exits from the European Union, or an increase in the belief that such exits are likely or possible, would likely cause additional market disruption globally and introduce new legal and regulatory uncertainties. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Europe, which could negatively affect the value of European securities. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk — </b>Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Real Estate Industry Risk — </b>The Fund may invest in real estate investment trusts (“REITs”), which are subject to risks affecting the real estate industry generally (including market conditions, competition, property obsolescence, changes in interest rates and casualty to real estate), as well as risks specifically affecting REITs (the quality and skill of REIT management and the internal expenses of the REIT).</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk — </b>The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk — </b>An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Effective March 1, 2023, the Fund changed its name and principal investment strategy. In addition, in August 2020, the Adviser assumed sole responsibility for managing the Fund. Prior to then, the Fund pursued a different investment objective and principal investment strategy. Performance for the periods prior to March 1, 2023 and August 14, 2020 shown below is based on the investment strategies utilized by the Fund at those times.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Rising Dividend Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The index is described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/rising-dividend-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Rising Dividend Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/rising-dividend-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included, the returns would be lower. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xrisingdividendxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> First Quarter 2019</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 18.65%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> First Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -23.72%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2019-03-31 0.1865 2020-03-31 -0.2372 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class C, Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:61.72%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.15%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.46%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"> </td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="6"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="6"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="6"><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(3/1/17)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle Rising Dividend Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 17.61%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.82%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.19%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 14.78%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.72%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.73%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.67%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.24%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.94%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 21.92%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 10.12%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 6.94%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 24.15%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.23%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.04%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 24.18%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.24%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.42%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>S&amp;P 500 Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 17.88%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 14.42%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 14.82%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 14.70%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2017-03-01 0.1761 0.0982 0.0719 0.1478 0.0772 0.0473 0.1167 0.0724 0.0494 0.2192 0.1012 0.0694 0.2415 0.1123 0.0804 0.2418 0.1124 0.0842 (reflects no deduction for fees, expenses or taxes) 0.1788 0.1442 0.1482 0.147 First Eagle Small Cap Opportunity Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Small Cap Opportunity Fund (“Small Cap Fund” or the “Fund”) seeks long-term growth of capital.</span></p> Fees and Expenses of the Small Cap Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Small Cap Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Small Cap Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Small Cap Fund. 25000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:67.15%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.15</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.18</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.08</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.24</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.00</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.03</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.93</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.03</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.24</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.00</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.00</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.93</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">**</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.25%, 2.00%, 1.00% and 1.00% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.25%, 2.00%, 1.00% and 1.00% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> </td></tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:67.15%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.85</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.15</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.18</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.08</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.24</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.00</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.03</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.93</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.03</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.24</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.00</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.00</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.93</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">**</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.25%, 2.00%, 1.00% and 1.00% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.25%, 2.00%, 1.00% and 1.00% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> </td></tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0085 0.0085 0.0085 0.0085 0.0025 0.01 0 0 0.0014 0.0015 0.0018 0.0008 0.0124 0.02 0.0103 0.0093 0 0 -0.0003 0 0.0124 0.02 0.01 0.0093 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. 2027-02-28 Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Small Cap Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (except that the fee waiver is taken into account only for the one-year expense example). Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $620</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $874</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,147</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,925</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $303</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $627</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,078</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,327</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $203</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $627</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,078</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,327</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $102</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $325</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $566</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,257</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $95</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $296</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $515</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,143</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $620</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $874</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,147</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,925</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $303</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $627</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,078</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,327</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $203</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $627</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,078</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,327</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $102</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $325</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $566</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,257</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $95</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $296</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $515</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,143</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 620 620 874 874 1147 1147 1925 1925 303 627 1078 2327 203 627 1078 2327 102 102 325 325 566 566 1257 1257 95 95 296 296 515 515 1143 1143 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Small Cap Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Small Cap Fund’s portfolio turnover rate was 47.31% of the average value of its portfolio.</span></p> 0.4731 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund invests, under normal circumstances, in equity securities of small-and micro-cap companies in an attempt to take advantage of what the Adviser believes are opportunistic situations for undervalued securities. Normally, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities (e.g., common stocks, warrants and rights), including hybrid securities (e.g., preferred stocks and convertible securities), of small-cap companies. The Adviser defines small-cap companies as those that have at the time of investment a market capitalization not greater than that of the largest company in the Russell 2000</span><span style="font-size:2.5mm; ">^{<span style="font-family:Times, serif;">®</span>}</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index. The Russell 2000</span><span style="font-size:2.5mm; ">^{<span style="font-family:Times, serif;">®</span>}</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index is reconstituted annually. Within small-cap, the Adviser further defines micro-cap companies as those that have at the time of investment a market capitalization not greater than that of the largest company in the Russell Microcap</span><span style="font-size:2.5mm; ">^{<span style="font-family:Times, serif;">®</span>}</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index. The Russell Microcap</span><span style="font-size:2.5mm; ">^{<span style="font-family:Times, serif;">®</span>}</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index is reconstituted annually.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Small-cap companies and micro-cap companies may have similar commercial characteristics (e.g., developing or marketing new products or services for which markets are not yet established). They differ, however, in the market value of their outstanding shares (i.e., market capitalization) with micro-cap companies having smaller market capitalizations than small-cap companies.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Potential investments that the Adviser considers to be opportunistic may include situations involving company turnarounds (e.g., a company that may be experiencing periods of poor financial or stock performance but may be exhibiting potential for financial recovery), emerging growth companies with interrupted earnings patterns (e.g., companies without a long or consistent history of earnings but that the Adviser believes have the potential for earnings growth), companies with unrecognized asset values, or undervalued growth companies (e.g., companies that have low multiples of price-to-book or price-to-sales ratios, or companies with securities that are trading at a price below what the Adviser believes the security is worth). In certain market environments, the Fund may invest up to 10% of its net assets (plus any borrowings for investment purposes and measured at the time of investment) in securities of foreign issuers.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund may invest in other investment companies that invest in equity securities. The Fund may sell securities to, among other things, secure gains, limit losses, redeploy assets into what the Adviser deems to be more promising opportunities, and/or manage cash levels in the Fund’s portfolio.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Small Cap Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Small Cap Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk —</b> The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small-Size Company Risk —</b> The Fund will invest in small-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in small-size companies, especially when the Fund is a larger holder of a small company’s securities, also may be more difficult or expensive to trade.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Micro-Size Company Risk —</b> The Fund will invest in micro-size companies, the securities of which can be more volatile in price than those of larger and small-size companies. Positions in micro-size companies, especially when the Fund is a larger holder of a micro-size company’s securities, also may be more difficult or expensive to trade.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk —</b> The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Convertible Security Risk —</b> Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition, credit rating and changes in interest rates and other general economic, industry and market conditions.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Preferred Stock Risk —</b> The Fund may invest in preferred stock. Unlike common stock, preferred stock generally pays a fixed dividend from a company’s earnings and may have a preference over common stock on the distribution of a company’s assets in the event of bankruptcy or liquidation. Preferred stockholders’ liquidation rights are subordinate to the company’s debt holders and creditors. If interest rates rise, the fixed dividend on preferred stocks may be less attractive and the price of preferred stocks may decline.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Warrants and Rights Risk —</b> The Fund may invest in warrants and rights. Warrants and rights can provide a greater potential for profit or loss than an equivalent investment in the underlying security. Prices of warrants and rights do not necessarily move in tandem with the prices of the underlying securities and therefore are highly volatile and speculative investments.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Foreign Investment Risk —</b> The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. The Fund’s investments may subject it to the risks associated with investing in the European markets, including the risks associated with the United Kingdom’s exit from the European Union (“Brexit”) and the war in Ukraine. The impact of Brexit on the United Kingdom and European economies could be significant, potentially resulting in increased volatility and illiquidity and lower economic growth for companies that rely significantly on the United Kingdom and/or Europe for their business activities and revenues. Any further exits from the European Union, or an increase in the belief that such exits are likely or possible, would likely cause additional market disruption globally and introduce new legal and regulatory uncertainties. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Europe, which could negatively affect the value of European </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">securities. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk —</b> Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Other Investment Company Risk —</b> To the extent the Fund invests in other investment companies, including money market funds and exchange-traded funds (“ETFs”), its performance will be affected by the performance of those other investment companies. Investments in other investment companies are subject to the risks of the other investment companies’ investments. In addition, the Fund will pay a proportional share of the fees and expenses of the other investment companies in addition to its own fees and expenses and, as a result, shareholders will be subject to two layers of fees and expenses.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk —</b> The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk —</b> “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Small Cap Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The Fund also compares its performance to the S&amp;P 500 Index, which represents the overall applicable equity market. The indices are described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/small-cap-opportunity-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Small Cap Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/small-cap-opportunity-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower. Calendar Year Total Returns—Class I <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xscofxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Third Quarter 2025</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 13.04%</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2022</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -18.21%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2025-09-30 0.1304 2022-06-30 -0.1821 <p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C and Class R6 shares will vary. While no information is shown for Class C shares (because it is more recently organized), annual returns for Class C shares would have been substantially similar to those shown here. The annual returns differ only to the extent that Class C shares do not have the same expenses as the classes for which performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:55.70%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.19%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.54%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.49%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A<br/>Inception<br/>(7/1/21)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"> <p style="margin:0; "><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b>Class I<br/>Inception<br/>(4/27/21)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"> <p style="margin:0; "><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b>Class R6<br/>Inception<br/>(7/1/21)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle Small Cap Opportunity Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.42%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.42%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 13.33%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.37%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 13.01%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.01%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td colspan="6"> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.05%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 3.27%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 13.40%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 3.88%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>S&amp;P 500 Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 17.88%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.54%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 13.79%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.54%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Russell 2000</b></span><span style="font-size:2.1mm; ">^{<span style="font-family:Times, serif;">®</span><span style="font-family:sans-serif; "> </span>}</span><span style="font-family:sans-serif; font-size:3.1mm; "><b>Value Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.59%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.28%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 5.03%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.28%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Russell 2000</b></span><span style="font-size:2.1mm; ">^{<span style="font-family:Times, serif;">®</span><span style="font-family:sans-serif; "> </span>}</span><span style="font-family:sans-serif; font-size:3.1mm; "><b>Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.81%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.02%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.78%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.02%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2021-07-01 2021-07-01 2021-04-27 0.0742 0.0242 0.1333 0.0437 0.1301 0.0401 0.0805 0.0327 0.134 0.0388 0.1788 0.1788 0.1788 0.1254 0.1379 0.1254 (reflects no deduction for fees or expenses, but reflects net of withholding taxes) 0.1259 0.1259 0.1259 0.0428 0.0503 0.0428 0.1281 0.1281 0.1281 0.0302 0.0378 0.0302 First Eagle U.S. Smid Cap Opportunity Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle U.S. Smid Cap Opportunity Fund (“Smid Cap Fund” or the “Fund”) seeks long-term growth of capital.</span></p> Fees and Expenses of the Smid Cap Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Smid Cap Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Smid Cap Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Smid Cap Fund. 25000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:74.88%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="22" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="22" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.11</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.84</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.11</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.75</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.59</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.91</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.80</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.64</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.20</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.95</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.95</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.20%, 0.95% and 0.95% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.20%, 0.95% and 0.95% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:74.88%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="22" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="22" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.75</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.11</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.84</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.11</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.75</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.59</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.91</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.80</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.64</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.20</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.95</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.95</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.20%, 0.95% and 0.95% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.20%, 0.95% and 0.95% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0.0075 0.0025 0 0 0.0111 0.01 0.0084 0.0211 0.0175 0.0159 -0.0091 -0.008 -0.0064 0.012 0.0095 0.0095 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. 2027-02-28 Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Smid Cap Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (except that the fee waiver is taken into account only for the one-year expense example). Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:49.95%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $616</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,044</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,498</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,751</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $97</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $473</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $874</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,996</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $97</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $439</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $805</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,835</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:49.95%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $616</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,044</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,498</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,751</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $97</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $473</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $874</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,996</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $97</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $439</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $805</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,835</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 616 616 1044 1044 1498 1498 2751 2751 97 97 473 473 874 874 1996 1996 97 97 439 439 805 805 1835 1835 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Smid Cap Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Smid Cap Fund’s portfolio turnover rate was 66.26% of the average value of its portfolio.</span></p> 0.6626 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund invests, under normal circumstances, in equity securities of small-and mid-cap (“smid cap”) companies in an attempt to take advantage of what </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">the Adviser believes are opportunistic situations for undervalued securities. Normally, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the equity securities (e.g., common stocks, warrants, rights and preferred stocks) of U.S. smid cap companies. The Adviser defines smid cap companies as those that have at the time of investment a market capitalization not greater than that of the largest company in the Russell 2500</span><span style="font-family:sans-serif; font-size:2.5mm; ">^TM</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index. The Russell 2500</span><span style="font-family:sans-serif; font-size:2.5mm; ">^TM</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index is reconstituted annually. As of December 31, 2025, the market capitalization range of the companies included within the Russell 2500</span><span style="font-family:sans-serif; font-size:2.5mm; ">^TM</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index was between $5 million and $31 billion.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Potential investments that the Adviser considers to be opportunistic may include situations involving company turnarounds (e.g., a company that may be experiencing periods of poor financial or stock performance but may be exhibiting potential for financial recovery), emerging growth companies with interrupted earnings patterns (e.g., companies without a long or consistent history of earnings but that the Adviser believes have the potential for earnings growth), companies with unrecognized asset values, or undervalued growth companies (e.g., companies that have low multiples of price-to book or price-to sales ratios, or companies with securities that are trading at a price below what the Adviser believes the security is worth). The Adviser also considers investments in companies that have the potential to benefit from a perceived catalyst for positive change, such as companies with new management, a more favorable business cycle, product innovation and/or margin improvement. In certain market environments, the Fund may invest up to 10% of its net assets (plus any borrowings for investment purposes and measured at the time of investment) in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund may invest in other investment companies (e.g., exchange-traded funds) that invest in equity securities. The Fund may sell securities to, among other things, secure gains, limit losses, redeploy assets into what the Adviser deems to be more promising opportunities, and/or manage cash levels in the Fund’s portfolio. In managing the Fund’s assets, the Adviser uses various methods of analysis primarily rooted in drawing a view on the valuation of each security and a related evaluation of each company. In selecting securities for the Fund, the Adviser generally evaluates the quality of a company’s balance sheet and other measures of a company’s financial condition and profitability, such as the history and/or potential for improvement in cash flow generation, internal rates of return, and sustainable earnings. The Adviser generally seeks to invest in equity securities of companies that are trading below the Adviser’s estimate of the company’s current worth in an attempt to reduce the risk of overpaying for such securities.</span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Smid Cap Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Smid Cap Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk —</b> The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk —</b> The Fund will invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holder of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small and medium-size companies to be companies with market capitalizations that have at the time of investment a market capitalization not greater than that of the largest company in the Russell 2500</span><span style="font-family:sans-serif; font-size:2.5mm; ">^TM</span><span style="font-family:sans-serif; font-size:3.8mm; "> Index.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk —</b> The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Preferred Stock Risk —</b> The Fund may invest in preferred stock. Unlike common stock, preferred stock generally pays a fixed dividend from a company’s earnings and may have a preference over common stock on the distribution of a company’s assets in the event of bankruptcy or liquidation. Preferred stockholders’ liquidation rights are subordinate to the company’s debt holders and creditors. If interest rates rise, the fixed dividend on preferred stocks may be less attractive and the price of preferred stocks may decline.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Warrants and Rights Risk —</b> The Fund may invest in warrants and rights. Warrants and rights can provide a greater potential for profit or loss than an equivalent investment in the underlying security. Prices of warrants and rights do not necessarily move in tandem with the prices of the underlying securities and therefore are highly volatile and speculative investments.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Foreign Investment Risk —</b> The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments are susceptible to less politically, economically and socially stable environments and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. The Fund’s investments may subject it to the risks associated with investing in the European markets, including the risks associated with the United Kingdom’s exit from the European Union (“Brexit”) and the war in Ukraine. The impact of Brexit on the United Kingdom and European economies could be significant, potentially resulting in increased volatility and illiquidity and lower economic growth for companies that rely significantly on the United Kingdom and/or Europe for their business activities and revenues. Any further exits from the European Union, or an increase in the belief that such exits are likely or possible, would likely cause additional market disruption globally and introduce new legal and regulatory uncertainties. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Europe, which could negatively affect the value of European securities. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Other Investment Company Risk —</b> To the extent the Fund invests in other investment companies, including money market funds and exchange-traded funds (“ETFs”), its performance will be affected by the performance of those other investment companies. Investments in other investment companies are subject to the risks of the other investment companies’ investments. In addition, the Fund will pay a proportional share of the fees and expenses of the other investment companies in addition to its own fees and expenses and, as a result, shareholders will be subject to two layers of fees and expenses.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk —</b> The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk —</b> “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Smid Cap Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The indices are described in the Fund Indices section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/us-smid-cap-opportunity-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Smid Cap Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/us-smid-cap-opportunity-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xusscofxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:37.36%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:37.36%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:7.85%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Fourth Quarter 2023</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.28%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">First Quarter 2025</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> <span style="font-size:3.1mm; ">-8.77%</span></span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2023-12-31 0.1128 2025-03-31 -0.0877 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class I and Class R6 shares will vary. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:58.59%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.15%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.81%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"> </td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="6"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="6"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="6"><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A<br/>Inception<br/>(8/15/22)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I<br/>Inception<br/>(8/15/22)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(8/15/22)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle U.S. Smid Cap Opportunity Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.42%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.97%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.37%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.79%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 3.21%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.58%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.16%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.88%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.17%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.87%</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> S&amp;P 500 Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 17.88%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 16.53%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 16.53%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 16.53%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Russell 2500</b></span><span style="font-family:sans-serif; font-size:2.1mm; ">^<b>TM</b></span><span style="font-family:sans-serif; font-size:3.1mm; "><b> Value Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 12.73%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.34%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.34%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.34%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Russell 2500</b></span><span style="font-family:sans-serif; font-size:2.1mm; ">^<b>TM</b></span><span style="font-family:sans-serif; font-size:3.1mm; "><b> Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 11.91%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.43%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.43%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 8.43%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2022-08-15 2022-08-15 2022-08-15 0.0542 0.0597 0.0537 0.0579 0.0321 0.0458 0.1116 0.0788 0.1117 0.0787 (reflects no deduction for fees, expenses or taxes) 0.1788 0.1788 0.1788 0.1653 0.1653 0.1653 0.1273 0.1273 0.1273 0.0834 0.0834 0.0834 0.1191 0.1191 0.1191 0.0843 0.0843 0.0843 First Eagle Global Real Assets Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Global Real Assets Fund (“Real Assets Fund” or the “Fund”) seeks long-term growth of capital.</span></p> Fees and Expenses of the Real Assets Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Real Assets Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Real Assets Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $25,000 in the Real Assets Fund. 25000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:74.28%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="22" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="22" style="background:#0026ff; "> <p style="margin:0 2.8mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.65</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.65</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.65</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.05</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.05</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.03</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.95</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.70</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.68</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.83</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.10</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.85</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.85</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.10%, 0.85% and 0.85% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.10%, 0.85% and 0.85% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:74.28%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="22" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="22" style="background:#0026ff; "> <p style="margin:0 2.8mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.65</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.65</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.65</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="22" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.05</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.05</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.03</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.95</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.70</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.68</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.85</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.83</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.10</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.85</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.85</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:9pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.10%, 0.85% and 0.85% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.10%, 0.85% and 0.85% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.05 0 0 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0065 0.0065 0.0065 0.0025 0 0 0.0405 0.0405 0.0403 0.0495 0.047 0.0468 -0.0385 -0.0385 -0.0383 0.011 0.0085 0.0085 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. 2027-02-28 Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Real Assets Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (except that the fee waiver is taken into account only for the one-year expense example). Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $607</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,584</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,563</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $5,014</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $87</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,069</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,057</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $4,552</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $87</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,065</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,049</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $4,537</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $607</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,584</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,563</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $5,014</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $87</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,069</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,057</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $4,552</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $87</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,065</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,049</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $4,537</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 607 607 1584 1584 2563 2563 5014 5014 87 87 1069 1069 2057 2057 4552 4552 87 87 1065 1065 2049 2049 4537 4537 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Real Assets Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Real Asset Fund’s portfolio turnover rate was 38.78% of the average value of its portfolio.</span></p> 0.3878 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To achieve its objective of long-term capital growth, the Real Assets Fund will normally invest at least 80% of its net assets (plus any borrowing for </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">investment purposes) in a variety of assets believed by the Adviser to represent interests in “real assets” or “real asset” industries. It is anticipated that the Fund will primarily invest in equity securities (including convertible securities) of U.S. and foreign companies, with the balance invested in precious metals and related securities, cash and cash equivalents (such as Treasury bills), fixed income securities including inflation-linked fixed income securities (such as Treasury Inflation-Protected Securities or “TIPS”) and debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds. “Real assets,” in which the Fund will invest, include physical assets and assets that are otherwise recognized as stores of value, such as gold bullion or other precious metals, certain commodities and inflation-linked fixed income securities. While the Fund has no current intention to make direct investment in real estate, land or equipment, it will target the industries of companies that are related to these assets (e.g., real estate investment trusts, developers and construction businesses, real estate finance companies, real estate brokerages and other related businesses, such as home improvement and home furnishings retailers). Specifically, “real asset” industries are those that relate to ownership or production of such assets or products or services otherwise supporting such assets. These industries may include basic materials, industrials, chemicals, energy, infrastructure, real estate, and utilities, as well as related suppliers and similarly connected businesses such as businesses within the telecommunications, health care, automobile and consumer staples sectors or industries. The strategy seeks to preserve flexibility to shift allocations modestly among sectors and asset classes to invest where the Adviser believes the market offers the most appropriate risk-reward opportunities at any given time, within the above framework. Real assets are generally thought to perform well in periods of rising or high inflation, as compared to a broader equity portfolio.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Investment decisions for the Fund are made without regard to the capitalization (size) of the companies in which it invests. The Fund may invest in any size company, including large, medium and smaller companies. The Fund may also invest in debt instruments (e.g., notes and bonds) without regard to credit rating or time to maturity, short-term debt instruments, futures contracts related to precious metals, forward contracts related to foreign exchange and options on equity securities or indices. The Fund “counts” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value). Under normal circumstances, the Fund anticipates it will allocate a portion of its assets to foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). The Fund is not required </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">to allocate its investments in any set percentages to any particular countries, but normally will invest in at least three countries (one of which may be the United States). The countries in which the Fund may invest may include countries whose economies are still developing (sometimes called “emerging markets”). Through its investments in “real assets” or “real asset” industries, the Fund will be invested in a number of different countries, which may include Canada, Mexico and the United Kingdom.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The investment philosophy and strategy of the Fund can be broadly characterized as a “value” approach, as it generally seeks a “margin of safety” in its investment purchases with the goal being to avoid permanent impairment of capital (as opposed to temporary losses in share value relating to shifting investor sentiment or other normal share price volatility). In particular, a discount to “intrinsic value” is sought even for the best of businesses, with a deeper discount demanded for companies that we view as under business model, balance sheet, management or other stresses. “Intrinsic value” is based on our judgment of what a prudent and rational business buyer would pay in cash for all of the company in normal markets. See also <i>Defensive Investment Strategies.</i></span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; "><i>The Fund makes some investments through a special purpose trading subsidiary (the “Subsidiary”) and may invest up to 25% of its total assets in the Subsidiary. The Subsidiary is a wholly-owned and controlled subsidiary of the Fund, organized under the laws of the Cayman Islands as an exempted company. Generally, the Subsidiary will invest in commodities and related instruments, including derivatives (e.g., gold bullion and other precious metals and related futures, and commodities-related derivatives contracts).</i></span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; "><i>For more information about the Real Assets Fund’s principal investment strategies, please see the More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Real Assets Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk — </b>The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Equity Risk — </b>The value of the Fund’s portfolio holdings may fluctuate in response to the risk that the prices of equity securities, including common stock, rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time. Equity securities generally have greater price volatility than debt securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Convertible Security Risk — </b>Convertible securities generally offer lower interest or dividend yields than non-convertible securities of similar quality. Convertible securities may gain or lose value due to changes in the issuer’s operating results, financial condition, credit rating and changes in interest rates and other general economic, industry and market conditions.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Foreign Investment Risk — </b>The Fund may invest in foreign investments (including American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”)). Foreign investments, which can be denominated in any applicable foreign currency, are susceptible to less politically, economically and socially stable environments, foreign currency and exchange rate changes, and adverse changes to government regulations. While depositary receipts provide an alternative to directly purchasing the underlying foreign securities in their respective national markets and currencies, investments in ADRs, GDRs and EDRs continue to be subject to many of the risks associated with investing directly in foreign investments. The Fund’s investments may subject it to the risks associated with investing in the European markets, including the risks associated with the United Kingdom’s exit from the European Union. Additionally, dividends and interest received by the Fund and capital gains recognized by the Fund may give rise to withholding and other taxes imposed by foreign countries and may decrease the Fund’s return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Emerging Market Risk — </b>Investments in emerging market countries are subject to greater risk and overall volatility than investments in the U.S. and </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> other developed markets. Emerging market countries tend to have economic structures that are less diverse and mature, less developed legal and regulatory regimes, and political systems that are less stable, than those of developed countries. In addition to the risks associated with investing outside the U.S., emerging markets are more susceptible to governmental interference, political and economic uncertainty, local taxes and restrictions on the fund’s investments, less efficient trading markets with lower overall liquidity, and more volatile currency exchange rates.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Geographic Investment Risk — </b>To the extent the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting that country or region. While the Fund is not required to allocate its investments in any set percentages to any particular countries, it normally will invest in at least three countries (one of which may be the United States). The Fund reserves the right to dynamically allocate its assets across countries and regions. Listed below are some of the geographies to which the Fund has significant exposure as of the date of this Prospectus.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Canada Risk — </b>The Canadian economy is susceptible to adverse changes in certain commodities markets, including those related to the mining and agricultural industries. It is also heavily dependent on trading with key partners. Any reduction in this trading may adversely affect the Canadian economy. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Canada, which could negatively affect the value of Canadian securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>European Risk — </b>The Fund’s investments may subject it to risks associated with investing in European markets, including economic, political, regulatory and market developments affecting European countries and the European Union. Investments in a single region, even though representing a number of different countries within the region, may be affected by common economic forces and other factors. Political or economic disruptions in European countries, including in countries in which the Fund is not invested, may adversely affect security values and thus the Fund’s holdings. Ongoing geopolitical events, changes in trade relationships, shifts in regulatory frameworks, and regional conflicts may contribute to market volatility, reduced liquidity, and slower economic growth for companies that rely significantly on Europe for their business activities and revenues. Uncertainty regarding economic policy, fiscal conditions, or </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">international trade arrangements involving European countries could also negatively affect the value of European securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Mexico Risk — </b>The Mexican economy is dependent upon external trade with other economies, specifically with the United States and certain Latin American countries. Mexico is an emerging market and demonstrates significantly higher volatility from time to time in comparison to developed markets. Mexico is dependent on, among other things, the U.S. economy and any change in the price or demand for Mexican exports may have an adverse impact on the Mexican economy. Recent political developments in the United States have raised potential implications for the current trade arrangements between the United States and Mexico, which could negatively affect the value of Mexican securities.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Real Assets Companies Risk — </b>The Fund will invest in companies operating in various industries related to real assets. To the extent there is a downturn in one or more of these industries, there would be a larger impact on the Fund than if the Fund’s portfolio were more broadly diversified. Factors that may affect these industries include, but are not limited to, government regulation or deregulation, energy conservation and supply/demand, raw material prices, commodities regulation, cost of transport, cost of labor, interest rates, and broad economic developments such as growth or contraction in different markets, currency valuation changes and central bank movements.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Inflation/Deflation Risk — </b>Although the Fund is intended to provide a measure of protection against inflation, it is possible it will not do so to the extent intended. The Fund’s investments may be adversely affected to a greater extent than other investments during periods of deflation.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Natural Resources Risk — </b>The Fund may invest in securities of companies that focus on natural resources. The securities of these companies may be negatively affected by a variety of factors, including but not limited to, natural disasters in natural resource areas, commodity price volatility, government regulations, conservation efforts and other global political and economic developments.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Commodity Investments Risk — </b>The Fund may invest in commodities-related businesses and instruments. Commodities generally can be more volatile than other types of assets. Factors that affect the volatility of commodities include, but are not limited to, commodity price movements (whether of individual commodities or indexes or other instruments linked to commodities, changes in demand, costs of transport, interest rate changes, </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> natural disasters and extreme weather changes, and regulatory developments, such as embargoes and tariffs.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Energy Risk — </b>The Fund may invest in energy companies, which may be negatively affected by natural disasters, the high investment costs of exploration and other long-term projects, maintenance costs (and risks of obsolescence) associated with significant fixed assets, commodity prices, government regulations, and conservation efforts, among other factors.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Infrastructure Risk — </b>The Fund may invest in securities of companies that focus on infrastructure related activities, including utilities and transport companies. These securities are subject to various related risks, including but not limited to, supply and demand for infrastructure related services, the high investment costs of long-term projects, maintenance costs (and risks of obsolescence) associated with significant fixed assets, political developments, changing interest rates which may affect infrastructure financing, regulatory changes and catastrophic weather events.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Environmental and Climate Risk — </b>Real asset companies and industries can be especially exposed to environmental risks, including climate change. These include, but are not limited to, environmental pollution and degradation (with potentially significant remediation costs); major weather events such as storms, droughts and wildfires; geographic and sector risks (with, for example, different regions and industries being subject to widely different levels of natural disaster and climate risk); weather pattern changes; expansion or contraction of growing seasons; company-level risks associated with differential levels of company-specific exposure and preparedness; economic risks associated with, for example, supply chain disruption, supply and demand imbalances and price shocks, infrastructure impacts and the like; commodities risks; geopolitical risks; political, regulatory and government intervention risks; and consumer sentiment risks, including the risk of boycotts and similar organized action.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Real Estate Industry Risk — </b>The Fund may invest in securities of companies that focus on real estate related activities. Real estate investment trusts (“REITs”) are an example, as are developers and construction businesses, real estate finance companies, real estate brokerages and other related businesses, such as home improvement and home furnishings retailers. Real estate and its related businesses are highly dependent on market conditions, including interest rates. Other real estate industry risks include competition, property obsolescence and casualty risks (such as fire, flood and the like). REITs are subject special risks including the quality and skill of REIT management and the internal expenses of the REIT. Many types of businesses, including hotels, hospitals, agriculture and forestry, are </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> significant owners and operators of real estate and can be directly or indirectly exposed to similar risks in addition to their own more sector-specific risks. Real estate income and values may be negatively affected by general and local economic developments such as extended vacancies of properties, as well as demographic trends, such as population movement or changing tastes and values. Real estate income and values also may be negatively affected by condemnations, tax law changes, zoning law changes, regulatory limits on rent, environmental regulations and the availability of mortgage financing and changes in interest rates.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Utilities Industry Risk — </b>The Fund may invest in securities of companies in the utilities sector. Securities in the utilities industry can be volatile and affected significantly by supply and demand for services or fuel, government regulation, including rate regulations and conversation programs, commodity price volatility, interest rate changes and other financing considerations. Additionally, climate change or man-made disasters may have a catastrophic impact on existing plants and equipment of utility companies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Telecommunications Industry Risk — </b>The Fund may invest in telecommunications companies. Telecommunication companies are primarily engaged in the development, manufacturing or provision of communications services or equipment, including cable, satellite, radio, telephone and communication mediums. Risks associated with telecommunications companies include government regulation of rates and prices, anti-trust considerations, competition, rapid obsolescence and changes in consumer tastes.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Health Care Sector Risk — </b>The Fund may invest in companies in the health care sector, including health care facility companies. Health care companies are subject to federal, state and local oversight regarding, as an example, licensing, certification, pharmaceutical distribution and provision of care. Health care companies are also dependent on the continued availability of government reimbursement programs (Medicaid, Medicare and Social Security) for revenues.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Automobile Industry Risk — </b>The Fund may invest in the automobile industry, including automobile component manufacturing companies. The securities of automobile companies may be negatively affected by labor relations and costs, automotive technology developments (including autonomous vehicles) and consumer preferences. The automobile and automobile component sector may also be subject to significant government regulation, including tariffs, taxes, subsidies, import and export restrictions and environmental regulations.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Consumer Staples Sector Risk — </b>The Fund may invest in securities of companies in the consumer staples sector, including grocery stores and </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> agricultural producers. The consumer staples sector may be negatively affected by demographic shifts, consumer preferences, costs of labor, environmental considerations and commodity price fluctuations. Domestic and foreign government regulations on agricultural production and trade also may affect the consumer staples sector.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Small and Medium-Size Company Risk — </b>The Fund may invest in small and medium-size companies, the securities of which can be more volatile in price than those of larger companies. Positions in smaller companies, especially when the Fund is a large holders of a small company’s securities, also may be more difficult or expensive to trade. The Fund considers small companies to be companies with market capitalizations of less than $1 billion and medium-sized companies to have market capitalizations of less than $10 billion.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Large-Size Company Risk — </b>The Fund may invest in larger, more established companies, the securities of which may be unable to respond quickly to new competitive challenges like changes in consumer tastes or innovative smaller competitors. Larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion. The Fund considers large companies to be companies with market capitalizations of $10 billion or greater.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Gold Risk — </b>The Fund may invest in both physical gold and the securities of companies in the gold mining sector. Prices of gold-related issues are susceptible to changes in U.S. and foreign regulatory policies, taxes, currencies, mining laws, inflation, and various other market conditions. Gold-related investments as a group have not performed as well as the stock market in general during periods when the U.S. dollar is strong, inflation is low and general economic conditions are stable. In addition, returns on gold-related investments have traditionally been more volatile than investments in broader equity or debt markets.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk — </b>The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. The Fund may invest in debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, which are considered speculative, and carry a higher risk of default. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk — </b>Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. Derivatives are anticipated to be used mainly under a hedging program intended to reduce the impact of foreign exchange rate changes on the Fund’s value. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile, and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Options Risk — </b>The Fund may engage in various options transactions in which the Fund may seek to gain exposure to an underlying investment or limit risk by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Currency Risk — </b>Currency risk is the risk that foreign currencies will decline in value relative to that of the U.S. dollar and affect the Fund’s non-U.S. currencies or securities that trade in and receive revenue in non-U.S. currencies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Value Investment Strategy Risk — </b>An investment made at a perceived “margin of safety” or “discount to intrinsic or fundamental value” can trade at prices substantially lower than when an investment is made, so that any perceived “margin of safety” or “discount to value” is no guarantee against loss. “Value” investments, as a category, or entire industries or sectors associated with such investments, may lose favor with investors as compared to those that are more “growth” oriented. In such an event, the Fund’s investment returns would be expected to lag relative to returns associated with more growth-oriented investment strategies. Investing in or having exposure to “value” securities presents the risk that such securities may never reach what the Adviser believes are their full market values.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Subsidiary Risk — </b>By investing in the Subsidiary, the Fund is indirectly exposed to the risks associated with the Subsidiary’s investments. The Subsidiary is not registered under the 1940 Act and is not subject to all of the investor protections of the 1940 Act. Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the Fund and/or the Subsidiary to operate as expected and could adversely affect the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk — </b>The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results The following information provides an indication of the risks of investing in the Real Assets Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The indices are described in the Fund Indices section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Real Assets Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">strategy. The indices are described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/global-real-assets-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.</span></p> As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/global-real-assets-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. Calendar Year Total Returns—Class A <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xglobalrealassetsxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:8.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:36.72%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Fourth Quarter 2022</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 14.33%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2022</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -12.51%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2022-12-31 0.1433 2022-06-30 -0.1251 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class A shares. After-tax returns for Class I and Class R6 shares will vary. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class A shares. After-tax returns for Class I and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:50.16%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.75%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.75%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:11.96%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A<br/>Inception<br/>(11/30/21)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I<br/>Inception<br/>(11/30/21)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(11/30/21)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle Global Real Assets Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 19.28%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 7.20%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 17.83%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 6.44%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 11.59%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.36%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 25.89%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.85%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 25.87%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 8.83%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>MSCI World Index (reflects no deduction for fees or expenses, but reflects net of withholding taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 21.09%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 9.96%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 9.96%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 9.96%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Consumer Price Index for Urban Consumers (CPI-U) (reflects no deduction for fees or expense)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.68%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.87%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.87%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.87%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2021-11-30 2021-11-30 2021-11-30 0.1928 0.072 0.1783 0.0644 0.1159 0.0536 0.2589 0.0885 0.2587 0.0883 (reflects no deduction for fees or expenses, but reflects net of withholding taxes) 0.2109 0.2109 0.2109 0.0996 0.0996 0.0996 0.0268 0.0268 0.0268 0.0387 0.0387 0.0387 First Eagle High Yield Municipal Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle High Yield Municipal Fund (“High Yield Municipal Fund” or the “Fund”) seeks to provide high current income exempt from regular federal income taxes. </span></p> Capital appreciation is a secondary objective when consistent with the Fund’s primary objective. Fees and Expenses of the High Yield Municipal Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the High Yield Municipal Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Yield Municipal Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the High Yield Municipal Fund. 100000 <table cellpadding="0" style="margin-left: 0.00%; margin-right: 0.00%; width: 100.00%; border-spacing: 0px;"> <tr> <td style="width: 65.33%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 6.68%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 8.29%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> </tr> <tr valign="bottom"> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class A</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class C</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class I</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class R6</strong></span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong> Shareholder Fees (fees paid directly from your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 2.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00*</span></p> </td> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> </span></p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p style="margin: 0 2.1mm 0 0;"><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Management Fees**</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Distribution and/or Service (12b-1) Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.25</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.88</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.89</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.91</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.83</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p style="text-indent: -2.8mm; margin: 0 0 0 5.6mm;"><span style="font-family: sans-serif; font-size: 3.1mm;">Interest and Related Expenses***</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p style="text-indent: -2.8mm; margin: 0 0 0 5.6mm;"><span style="font-family: sans-serif; font-size: 3.1mm;">Remainder of Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.09</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.10</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.12</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.04</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p style="margin: 0;"> </p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.58</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 2.34</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.36</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.28</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I, and R6 so that the total annual </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.85%, 1.60%, 0.60% and 0.60% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.85%, 1.60%, 0.60% and 0.60% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> ***</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left: 0.00%; margin-right: 0.00%; width: 100.00%; border-spacing: 0px;"> <tr> <td style="width: 65.33%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 7.13%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 6.68%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td style="width: 2.63%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> <td colspan="6" style="width: 8.29%;"> <p><span style="font-size: 0.6mm;"> </span></p> </td> </tr> <tr valign="bottom"> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class A</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class C</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class I</strong></span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p><span style="font-family: sans-serif; font-size: 2.9mm; color: #0026ff;"><strong> Class R6</strong></span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong> Shareholder Fees (fees paid directly from your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p> </td> <td style="width: 3px; white-space: nowrap;"> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 2.50</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00*</span></p> </td> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> </span></p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td colspan="29" style="background: #0026ff;"> <p style="margin: 0 2.1mm 0 0;"><span style="font-family: sans-serif; font-size: 3.5mm; color: white;"><strong>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</strong></span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Management Fees**</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.45</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Distribution and/or Service (12b-1) Fees</span></p> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.25</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 1.00</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> <p style="font-size: 0.2mm;"> </p> </td> <td> <p><span style="font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> None</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.88</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.89</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.91</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.83</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p style="text-indent: -2.8mm; margin: 0 0 0 5.6mm;"><span style="font-family: sans-serif; font-size: 3.1mm;">Interest and Related Expenses***</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.79</span></p> </td> <td colspan="2"> </td> </tr> <tr style="font-size: 0.2mm;"> <td colspan="29" style="border-top: solid .27mm #0026ff; ; text-align: center;"> <p><span style="font-size: 0.2mm;"> </span></p> </td> </tr> <tr> <td> <p style="text-indent: -2.8mm; margin: 0 0 0 5.6mm;"><span style="font-family: sans-serif; font-size: 3.1mm;">Remainder of Other Expenses</span></p> </td> <td style="width: 3px;"> </td> <td> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.09</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.10</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.12</span></p> </td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p><span style="font-family: sans-serif; font-size: 0.2mm;"> </span></p> </td> <td colspan="2"> </td> <td style="text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"> 0.04</span></p> </td> <td colspan="2"> </td> </tr> <tr> <td style="background: Silver;"> <p style="margin: 0;"><span style="font-family: sans-serif; font-size: 3.1mm;"><strong>Total Annual Operating Expenses (%)</strong></span></p> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p style="margin: 0;"> </p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.58</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 2.34</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.36</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; width: 3px;"> </td> <td style="background: Silver;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> </strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> <td style="background: Silver; ; text-align: right;"> <p><span style="font-family: sans-serif; font-size: 3.1mm;"><strong> 1.28</strong></span></p> </td> <td colspan="2" style="background: Silver;"> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I, and R6 so that the total annual </span></p></td> </tr> </table><table cellpadding="0" style="margin-top:3pt;font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.85%, 1.60%, 0.60% and 0.60% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.85%, 1.60%, 0.60% and 0.60% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> ***</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.025 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0045 0.0045 0.0045 0.0045 0.0025 0.01 0 0 0.0088 0.0089 0.0091 0.0083 0.0079 0.0079 0.0079 0.0079 0.0009 0.001 0.0012 0.0004 0.0158 0.0234 0.0136 0.0128 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. 2027-02-28 Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the High Yield Municipal Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same. Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $407</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $736</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,089</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,081</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $337</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $730</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,250</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,676</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $237</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $730</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,250</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,676</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $138</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $431</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $745</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,635</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $130</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $406</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $702</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,545</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $407</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $736</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,089</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,081</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $337</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $730</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,250</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,676</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $237</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $730</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,250</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $2,676</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $138</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $431</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $745</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,635</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $130</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $406</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $702</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,545</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 407 407 736 736 1089 1089 2081 2081 337 730 1250 2676 237 730 1250 2676 138 138 431 431 745 745 1635 1635 130 130 406 406 702 702 1545 1545 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The High Yield Municipal Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">above, affect the Fund’s performance. During the Fund’s most recent fiscal year, the Fund’s portfolio turnover rate was 82.00% of the average value of its portfolio.</span></p> 0.82 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To pursue its investment objective, the First Eagle High Yield Municipal Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from regular federal personal income tax. Such municipal bonds may include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax and may include all types of municipal bonds. The Fund may invest without limit in securities that generate income taxable to those shareholders subject to the federal alternative minimum tax. Assuming the position pays interest income that is exempt from regular federal personal income tax, the Fund can “count” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value). While the Fund may invest in securities with any time to maturity, the Fund is a long-term bond fund and, as such, will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity of greater than 10 years. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund invests significantly in lower-quality municipal bonds and may employ effective leverage through investments in inverse floaters, tender option bonds, total return swaps, interest rate swaps, credit default swaps, credit default swap indices, a line of credit, repurchase agreements and reverse repurchase agreements. While the Fund may invest in securities with any investment rating, under normal market conditions, the Fund invests at least 65% of its net assets in low- to medium-quality bonds rated BBB/Baa or lower at the time of purchase by at least one independent rating agency or, if unrated, judged by the Adviser to be of comparable quality. In doing so, the Fund may invest in below investment grade municipal bonds (those rated BB+/Ba1 or lower), commonly referred to as “high yield” or “junk” bonds. The Fund may invest up to 10% of its net assets in defaulted municipal bonds. The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“Inverse Floaters”). The Fund’s investments in Inverse Floaters are designed to increase the Fund’s income and returns through this leveraged exposure. The Fund may </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">invest in Inverse Floaters that create effective leverage of up to 30% of the Fund’s total investment exposure.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">In deciding whether to sell a security, the Adviser considers various factors related to the market and the portfolio, which may include whether: a security has become overvalued; the Adviser detects credit deterioration or modifies its portfolio strategy, such as sector and/or state allocations; or a security exceeds the portfolio’s diversification targets.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">While the municipal issuers in which the Fund invests may be located in the same geographic area or may pay their interest obligations from revenue of similar projects, such as hospitals, airports, utility systems and housing finance agencies, as of the date of this prospectus, the Fund does not expect that it will have significant exposure to any particular geographic area. The Fund expects that it will have significant exposure to tax obligation (which may include general obligation bonds, special tax bonds and tax allocation revenue securities), education, transportation and industrial revenue securities.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund may invest in zero coupon bonds. The Fund may also invest (typically for hedging purposes or to manage the effective maturity or duration of the Fund’s portfolio or for speculative purposes in an effort to increase the Fund’s yield or to enhance returns) in derivative instruments such as options, futures contracts and options on futures contracts, and interest rate swaps.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the High Yield Municipal Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the High Yield Municipal Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk —</b> The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Municipal Bond Risk —</b> The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) under normal market conditions in municipal bonds that pay interest that is exempt from regular federal personal income tax. Like other bonds, municipal bonds are subject to credit risk, interest rate risk, liquidity risk, and call risk. However, the obligations of some municipal issuers may not be enforceable through the exercise of traditional creditors’ rights. The reorganization under federal bankruptcy laws of a municipal bond issuer may result in the bonds being cancelled without payment or repaid only in part, or in delays in collecting principal and interest.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> High Yield Risk —</b> Debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade securities and may experience extreme price fluctuations. The securities of such issuers may be considered speculative and the ability of such issuers to pay their debts on schedule may be uncertain.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk —</b> The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Illiquid Investment Risk —</b> Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security. The market for lower-quality debt instruments, including junk bonds, is generally less liquid than the market for higher-quality debt instruments. In addition, brokers and dealers have decreased their inventories of municipal bonds in recent years. This could limit the Adviser’s ability to buy or sell municipal bonds and increase price volatility and trading costs, particularly during periods of economic or market stress. In addition, recent federal banking regulations may cause certain dealers to reduce their inventories of municipal bonds, which may further decrease the Adviser’s ability to buy or sell bonds. As a result, the Adviser may be forced to accept a lower price to sell a security, to sell other securities to raise cash, or to give up an investment opportunity, any of which could have a negative effect on performance.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Call Risk —</b> The Fund may be subject to the risk that an issuer will exercise its right to pay principal on a debt obligation (such as a convertible security) that is held by the Fund earlier than expected. This may happen when there is a decline in interest rates. Under these circumstances, the Fund may be unable to recoup all of its initial investment and may also suffer from having to reinvest in lower-yielding securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Changes in Debt Ratings Risk —</b> If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Defaulted Securities Risk —</b> The Fund may invest in securities of issuers that are experiencing significant financial or business difficulties, including issuers involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to an issuer in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> investment, and/or may be required to accept payment over an extended period of time.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk —</b> Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Options Risk —</b> The Fund may engage in various options transactions in which the Fund typically seeks to limit investment risk by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Swaps Risk —</b> Swap agreements (including interest rate, total return, credit default and index) are derivatives contracts where the parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. In addition to the risks generally applicable to derivatives, risks associated with swap agreements include adverse changes in the returns of the underlying instruments, failure of the counterparties to perform under the agreement’s terms and the possible lack of liquidity with respect to the agreements. In addition, interest rate swaps may fail to perform as intended and may not offset adverse changes in interest rates fully or at all. Interest rate swaps may also reduce the Fund’s gains due to favorable changes in interest rates and result in losses to the Fund. Counterparties to interest rate swaps are </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> subject to manipulation in the marketplace of the floating rate benchmarks, which may affect the utility of interest rate swaps as a hedge.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Reference Rate Transition Risk —</b> The Fund may be exposed to financial instruments that transitioned from, or continue to be tied to, the London Interbank Offered Rate (“LIBOR”) or that reference alternative rates that replaced LIBOR. The effect of the transition away from LIBOR and the adoption of replacement rates, such as the Secured Overnight Financing Rate (“SOFR”) and other risk-free rates, may affect the value, liquidity or return of certain investments. The Fund may also be exposed to financial instruments linked to other reference rates that may be subject to reform, replacement or discontinuation in the future.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Alternative Minimum Tax Risk —</b> All or a portion of the Fund’s otherwise tax-exempt income may be taxable to those shareholders subject to the federal alternative minimum tax.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Income Risk —</b> The Fund may experience a decline in its income due to falling interest rates, earnings declines, income decline within a security or default of an issuer of a security. During periods of increasing or prolonged high interest rates, among other things, borrowing costs may increase, fewer issuances of securities and decreased liquidity may occur and/or an issuer of a security may be unable to refinance existing debt obligations and/or make income payments. The amount and rate of distributions that the Fund’s shareholders receive are affected by the income that the Fund receives from its portfolio holdings. If the income is reduced, distributions by the Fund to shareholders may be less.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Inverse Floaters Risk —</b> Inverse Floaters are issued in connection with municipal tender option bond (“TOB”) financing transactions to generate leverage for the Fund. The price of Inverse Floaters is expected to decline when interest rates rise, and generally will decline more than the price of a bond with a similar maturity, because of the effect of leverage. The price of Inverse Floaters is typically more volatile than the price of bonds with similar maturities, especially if the relevant TOB Trust provides the holder of the Inverse Floaters relatively greater leveraged exposure to the underlying security (e.g., if the par amount of the Floaters, as a percentage of the par amount of the underlying security, is relatively greater). Further, as short-term interest rates rise, the interest payable on the Floaters issued by a TOB Trust also rises, leaving less residual interest cash flow from the underlying security available for payment on the Inverse Floaters. Additionally, Inverse Floaters may lose some or all of their principal and, in some cases, the Fund could lose money in excess of its investment in Inverse Floaters. Consequently, in a rising interest rate environment, the Fund’s investments in </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> Inverse Floaters could negatively impact the Fund’s performance and yield, especially when those Inverse Floaters provide the Fund with relatively greater leveraged exposure to the relevant underlying securities. The leverage effect of Inverse Floaters also may increase the Fund’s credit risk.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Municipal Issuer Focus Risk —</b> The municipal issuers in which the Fund invests may be located in the same geographic area or may pay their interest obligations from revenue of similar projects, such as hospitals, airports, utility systems and housing finance agencies. This may make the Fund’s investments more susceptible to similar social, economic, political or regulatory occurrences, making the Fund more susceptible to experience a drop in its share price than if the Fund had invested across issuers that did not have similar characteristics.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> General Obligation and Revenue Bonds —</b> General obligation bonds are general obligations of a governmental entity that are secured by the entity’s pledge of its faith, credit and taxing power for the payment of principal and interest. Revenue bonds, on the other hand, are not supported by an issuer’s power to levy taxes and are payable only from the revenues derived from specific projects, authorities or facilities or, in some cases, from the proceeds of a special excise tax or another specific revenue source.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Education Revenue Bonds —</b> Education revenue bonds are payable from and secured by revenues derived from the operation of schools, colleges and universities and their revenues are derived mainly from ad valorem taxes, or for higher education systems, from tuition, dormitory revenues, grants and endowments. Payment on education revenue bonds may be adversely affected by litigation contesting the state constitutionality of financing public education in part from ad valorem taxes. Risks related to college and university obligations include the prospect of a declining percentage of the population consisting of “college” age individuals, possible inability to raise tuitions and fees sufficiently to cover increased operating costs, the uncertainty of continued receipt of Federal grants and state funding and new government legislation or regulations which may adversely affect the revenues or costs of such issuers.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Industrial Revenue Bonds —</b> Industrial revenue bonds are issued by governmental entities to provide financing aid to community facilities such as hospitals, hotels, business or residential complexes, convention halls and sport complexes. The proceeds from the issuance of an industrial revenue bond are directed to a private, for-profit business and the industrial revenue bond is backed by the credit </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> and security of the private, for-profit business. Payment on industrial revenue bonds may be adversely affected by the general state of the economy, intense competition, consolidation, domestic and international politics, excess capacity and consumer spending trends. In addition, they may also be significantly affected by overall capital spending levels, economic cycles, technical obsolescence, delays in modernization, labor relations, government regulations and e-commerce initiatives. Industrial issuers may also be affected by factors more specific to their individual industries.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Special Tax Bonds —</b> Special tax bonds are payable from and secured by revenues received by a municipality from a particular tax. Examples of special taxes are a tax on the rental of a hotel room, on the purchase of food and beverages, on the purchase of fuel, on the rental of automobiles or on the consumption of liquor. Special tax bonds are not secured by the general tax revenues of the municipality, and they do not represent general obligations of the municipality. Payment on special tax bonds may be adversely affected by a reduction in revenues realized from the underlying special tax. In addition, if spending on the particular goods or services that are subject to the special tax decrease, the municipality may be under no obligation to increase the rate of the special tax to ensure that sufficient revenues are raised from the shrinking taxable base.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Tax Allocation Revenue Securities —</b> Tax allocation bonds are typically secured by incremental tax revenues collected on property within the areas where redevelopment projects financed by bond proceeds are located. Tax allocation bond payments are expected to be made from projected increases in tax revenues derived from higher assessed values of property resulting from development in the particular project area and not from an increase in tax rates. Payment on tax allocation bonds may be adversely affected by variations in taxable values of property in a project area, successful appeals by property owners of assessed valuations, substantial delinquencies in the payment of property taxes, or imposition of any constitutional or legislative property tax rate decrease.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Transportation Facility Revenue Bonds —</b> Transportation facility revenue bonds are obligations which are payable from and secured by revenues derived from the ownership and operation of facilities such as airports, bridges, turnpikes, port authorities, convention centers and arenas. Payment on bonds related to airports and other facilities is dependent on fees received from signatory airlines use agreements </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> (which consist of annual payments for leases, occupancy of certain terminal space and service fees), user fees from ports, tolls on turnpikes and bridges and rents from buildings. The revenue earned from these fees may be reduced by increased cost of maintenance, decreased use of a facility, lower cost of alternative modes of transportation, scarcity of fuel and reduction or loss of rents.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Municipal Lease Obligation Risk —</b> In a municipal lease obligation, the issuer agrees to make payments when due on the lease obligation. Although the issuer does not pledge its unlimited taxing power for payment of the lease obligation, the lease obligation is secured by the leased property.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Tax-Exempt Status Risk —</b> The Fund’s investments in municipal securities rely on the opinion of the issuer’s bond counsel and, in the case of derivative securities, sponsors’ counsel, that the interest paid on those securities will not be subject to federal income tax. Tax opinions are generally provided at the time the municipal security is initially issued, and neither the Fund nor the Adviser will independently review the bases for those tax opinions. However, tax opinions are not binding on the Internal Revenue Service (the “IRS”), and if any of those tax opinions are ultimately determined to be incorrect or if events occur after the security is acquired that impact the security’s tax-exempt status, the Fund and its shareholders could be subject to substantial tax liability for the current or past years and shareholders may have to file amended tax returns and pay additional taxes, interest and penalties. In addition, an IRS assertion of taxability may impair the liquidity and the fair market value of the securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Tax Risk —</b> The Fund may be adversely impacted by changes in tax rates and policies. Because interest income from municipal securities is normally not subject to regular federal income taxation, the attractiveness of municipal securities in relation to other investment alternatives may be affected by changes in federal and state income tax rates or changes in the tax-exempt status of interest income from municipal securities. Any proposed or actual changes in such rates or exempt status, therefore, can significantly affect the demand for and supply, liquidity and marketability of the municipal securities. This could in turn affect the Fund’s net asset value and ability to acquire and dispose of municipal securities at desirable yield and price levels.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Unrated Bond Risk —</b> The Adviser may internally assign ratings to securities that are not rated by any nationally recognized statistical rating organization, after assessing their credit quality and other factors, in categories similar to those of nationally recognized statistical rating organizations. There can be no assurance, nor is it intended, that the Adviser’s credit analysis process is </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> consistent or comparable with the credit analysis process used by a nationally recognized statistical rating organization. Unrated securities are considered “investment-grade” or “below-investment-grade” if judged by the Adviser to be comparable to rated investment-grade or below-investment-grade securities. The Adviser’s rating does not constitute a guarantee of the credit quality. In addition, some unrated securities may not have an active trading market or may trade less actively than rated securities, which means that unrated securities may be difficult to sell promptly at an acceptable price.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> U.S. Territory Risk —</b> The Fund may invest in obligations of the governments of U.S. territories, commonwealths and possessions such as Puerto Rico, the U.S. Virgin Islands, Guam and the Northern Mariana Islands to the extent such obligations are exempt from regular federal income taxes. Accordingly, the Fund may be adversely affected by local political, economic, social and environmental conditions and developments, including natural disasters, within these U.S. territories, commonwealths and possessions affecting the issuers of such obligations.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Valuation Risk —</b> The investments in which the Fund invests typically are valued by a pricing service utilizing a range of market-based inputs and assumptions, including readily available market quotations obtained from broker-dealers making markets in such instruments, cash flows and transactions for comparable instruments. There is no assurance that the Fund will be able to sell a portfolio investment at the price established by the pricing service, which could result in a loss to the Fund. Pricing services generally price debt securities assuming orderly transactions of an institutional “round lot” size, but some trades may occur in smaller, “odd lot” sizes, often at lower prices than institutional round lot trades. Different pricing services may incorporate different assumptions and inputs into their valuation methodologies, potentially resulting in different values for the same investments. As a result, if the Fund were to change pricing services, or if the Fund’s pricing service were to change its valuation methodology, there could be a material impact, either positive or negative, on the Fund’s NAV.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Zero Coupon Bond Risk —</b> Zero coupon securities are debt obligations that do not entitle the holder to any periodic payment of interest prior to maturity or a specified date when the securities begin paying current interest. They are issued and traded at a discount from their face amount or par value, which discount varies depending on the time remaining until cash payments begin, prevailing interest rates, liquidity of the security and the perceived credit quality of the issuer. The market prices of zero coupon securities generally are more volatile than the prices of securities that pay interest </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">periodically and in cash and are likely to respond to changes in interest rates to a greater degree than do other types of debt securities having similar maturities and credit quality. Original issue discount earned on zero coupon securities must be included in the Fund’s income. Thus, to continue to qualify for tax treatment as a regulated investment company and to avoid U.S. federal income and excise tax on undistributed income, the Fund may be required to distribute as a dividend an amount that is greater than the total amount of cash it actually receives. These distributions must be made from the Fund’s cash assets or, if necessary, from the proceeds of sales of portfolio securities. The Fund will not be able to purchase additional income-producing securities with cash used to make such distributions, and its current income ultimately could be reduced as a result.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk —</b> The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Effective December 27, 2023, the Fund changed its name and principal investment strategy. Performance for the periods prior to December 27, 2023 shown below is based on the investment strategy utilized by the Fund at those times. The Fund compares its performance to the S&amp;P Municipal Yield Index. The Fund also compares its performance to the S&amp;P Municipal Bond Index, which represents the overall applicable municipal bond market.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the High Yield Municipal Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The indices are described in the <i>Fund Indices </i>section. As with all </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at <b>www.firsteagle.com/funds/high-yield-municipal-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.</span></p> The Fund also compares its performance to the S&P Municipal Bond Index, which represents the overall applicable municipal bond market. The following information provides an indication of the risks of investing in the High Yield Municipal Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/high-yield-municipal-fund 800.334.2143 As with all mutual funds, past performance is not an indication of future performance (before or after taxes). The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower. Calendar Year Total Returns—Class I <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xhymfxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:37.36%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:7.05%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:37.36%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:9.14%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Best Quarter*</b></span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Second Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 9.88%</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> First Quarter 2020</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> -12.11%</span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> For the period presented in the bar chart above.</span></p> </td> </tr> </table> Best Quarter Worst Quarter 2020-06-30 0.0988 2020-03-31 -0.1211 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:55.82%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.84%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.98%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.26%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:11.01%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:3.1mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:3.1mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:3.1mm; color:#0026ff; "><b> 10 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:3.1mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(3/1/17)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> First Eagle High Yield Municipal Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.55%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.68%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.34%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -2.65%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.85%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.06%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.72%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.87%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 5.12%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.03%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.19%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 3.14%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.43%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.69%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 3.19%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.73%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.95%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 3.77%</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>S&amp;P Municipal Yield Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.52%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.94%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.03%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> </td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.91%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> S&amp;P Municipal Bond Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.26%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.06%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.44%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.53%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2017-03-01 -0.0355 0.0168 0.0434 -0.0265 0.0185 0.0406 -0.0072 0.0287 0.0512 -0.0303 0.0119 0.0314 -0.0043 0.0169 0.0319 -0.0073 0.0295 0.0377 (reflects no deduction for fees, expenses or taxes) 0.0352 0.0194 0.0403 0.0391 0.0426 0.0106 0.0244 0.0253 First Eagle Short Duration High Yield Municipal Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Short Duration High Yield Municipal Fund (“Short Duration High Yield Municipal Fund” or the “Fund”) seeks to provide high current income exempt from regular federal income taxes. </span></p> Capital appreciation is a secondary objective when consistent with the Fund’s primary objective. Fees and Expenses of the Short Duration High Yield Municipal Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Short Duration High Yield Municipal Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the Short Duration High Yield Municipal Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the Short Duration High Yield Municipal Fund. 100000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.50</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.16</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.19</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.18</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Interest and Related Expenses***</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Remainder of Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.09</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.12</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.11</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.86</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.59</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.64</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.63</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p> </td> </tr> </table><table cellpadding="0" style="font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.85%, 1.60%, 0.60% and 0.60% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Short Duration High Yield Municipal Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.85%, 1.60%, 0.60% and 0.60% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">***</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.50</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.45</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"><p style="font-size:0.2mm"> </p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.16</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.14</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.19</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.18</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Interest and Related Expenses***</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Remainder of Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.09</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.07</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.12</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.11</span></p></td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> %</span></p></td> <td><p><span style="font-size:0.2mm"> </span></p></td> </tr> <tr> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "> <p style="margin:0; "></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.86</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.59</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.64</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.63</b></span></p></td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> %</b></span></p></td> <td style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p> </td> </tr> </table><table cellpadding="0" style="font-size:0.5mm; ; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.85%, 1.60%, 0.60% and 0.60% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Short Duration High Yield Municipal Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.85%, 1.60%, 0.60% and 0.60% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:14pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">***</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.025 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.0045 0.0045 0.0045 0.0045 0.0025 0.01 0 0 0.0016 0.0014 0.0019 0.0018 0.0007 0.0007 0.0007 0.0007 0.0009 0.0007 0.0012 0.0011 0.0086 0.0159 0.0064 0.0063 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. 2027-02-28 Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Short Duration High Yield Municipal Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (except that the fee waiver is taken into account only for the one-year expense example). Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $336</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $518</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $715</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,284</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $262</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $502</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $866</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,889</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $162</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $502</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $866</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,889</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $65</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $205</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $357</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $798</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $64</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $202</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $351</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $786</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:39.04%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.48%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:10.50%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 5 Years</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 10 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $336</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $518</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $715</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,284</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $262</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $502</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $866</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,889</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $162</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $502</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $866</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $1,889</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $65</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $205</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $357</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $798</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $64</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $202</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $351</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $786</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 336 336 518 518 715 715 1284 1284 262 502 866 1889 162 502 866 1889 65 65 205 205 357 357 798 798 64 64 202 202 351 351 786 786 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Short Duration High Yield Municipal Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 114.60% of the average value of its portfolio.</span></p> 1.146 Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To pursue its investment objective, the First Eagle Short Duration High Yield Municipal Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from regular federal personal income tax. Such municipal bonds may include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax and may include all types of municipal bonds. The Fund may invest without limit in securities that generate income taxable to those shareholders subject to the federal alternative minimum tax. Assuming the position pays interest income that is exempt from regular federal personal income tax, the Fund can “count” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value). While the Fund may invest in securities with any time to maturity, under normal market conditions, the Fund will generally maintain an investment portfolio with a weighted average effective duration of less than five years. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates.</span></p><p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund invests significantly in lower-quality municipal bonds and may employ effective leverage through investments in inverse floaters, tender option bonds, total return swaps, interest rate swaps, credit default swaps, credit default swap indices, a line of credit, repurchase agreements and reverse repurchase agreements. While the Fund may invest in securities with any investment rating, the Fund generally invests at least 65% of its net assets in low- to medium-quality bonds rated BBB/Baa or lower at the time of purchase by at least one independent rating agency or, if unrated, judged by the Adviser to be of comparable quality, although it may invest less than this amount during </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">abnormal market conditions or periods of large cash inflows or outflows. In doing so, the Fund may invest in below investment grade municipal bonds (those rated BB+/Ba1 or lower), commonly referred to as “high yield” or “junk” bonds. The Fund may invest up to 10% of its net assets in defaulted municipal bonds. The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“Inverse Floaters”). The Fund’s investments in Inverse Floaters are designed to increase the Fund’s income and returns through this leveraged exposure. The Fund may invest in Inverse Floaters that create effective leverage of up to 15% of the Fund’s total investment exposure.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">In deciding whether to sell a security, the Adviser considers various factors related to the market and the portfolio, which may include whether: a security has become overvalued; the Adviser detects credit deterioration or modifies its portfolio strategy, such as sector and/or state allocations; or a security exceeds the portfolio’s diversification targets.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">While the municipal issuers in which the Fund invests may be located in the same geographic area or may pay their interest obligations from revenue of similar projects, such as hospitals, airports, utility systems and housing finance agencies, as of the date of this prospectus, the Fund does not expect that it will have significant exposure to any particular geographic area. The Fund expects that it will have significant exposure to tax obligation (which may include general obligation bonds, special tax bonds and tax allocation revenue securities), education, transportation and industrial revenue securities.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund may invest in zero coupon bonds. The Fund may also invest (typically for hedging purposes or to manage the effective maturity or duration of the Fund’s portfolio or for speculative purposes in an effort to increase the Fund’s yield or to enhance returns) in derivative instruments such as options, futures contracts and options on futures contracts, and interest rate swaps.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Short Duration High Yield Municipal Fund’s principal investment strategies, please see the <i>More Information about the Funds’ Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Short Duration High Yield Municipal Fund. <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Credit and Interest Rate Risk —</b> The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Municipal Bond Risk —</b> The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) under normal market conditions in municipal bonds that pay interest that is exempt from regular federal personal income tax. Like other bonds, municipal bonds are subject to credit risk, interest rate risk, liquidity risk, and call risk. However, the obligations of some municipal issuers may not be enforceable through the exercise of traditional creditors’ rights. The reorganization under federal bankruptcy laws of a municipal bond issuer may result in the bonds being cancelled without payment or repaid only in part, or in delays in collecting principal and interest.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> High Yield Risk —</b> Debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade securities and may experience extreme price fluctuations. The securities of such issuers may be considered speculative and the ability of such issuers to pay their debts on schedule may be uncertain.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Market Risk —</b> The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Illiquid Investment Risk —</b> Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security. The market for lower-quality debt instruments, including junk bonds, is generally less liquid than the market for higher-quality debt instruments. In addition, brokers and dealers have decreased their inventories of municipal bonds in recent years. This could limit the Adviser’s ability to buy or sell municipal bonds and increase price volatility and trading costs, particularly during periods of economic or market stress. In addition, recent federal banking regulations may cause certain dealers to reduce their inventories of municipal bonds, which may further decrease the Adviser’s ability to buy or sell bonds. As a result, the Adviser may be forced to accept a lower price to sell a security, to sell other securities to raise cash, or to give up an investment opportunity, any of which could have a negative effect on performance.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Call Risk —</b> The Fund may be subject to the risk that an issuer will exercise its right to pay principal on a debt obligation (such as a convertible security) that is held by the Fund earlier than expected. This may happen when there is a decline in interest rates. Under these circumstances, the Fund may be unable to recoup all of its initial investment and may also suffer from having to reinvest in lower-yielding securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Changes in Debt Ratings Risk —</b> If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Defaulted Securities Risk —</b> The Fund may invest in securities of issuers that are experiencing significant financial or business difficulties, including issuers </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> involved in bankruptcy or other reorganization and liquidation proceedings. Such investments involve a substantial degree of risk. In any reorganization or liquidation proceeding relating to an issuer in which the Fund invests, the Fund may lose its entire investment, may be required to accept cash or securities with a value less than the Fund’s original investment, and/or may be required to accept payment over an extended period of time.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk —</b> Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Options Risk —</b> The Fund may engage in various options transactions in which the Fund typically seeks to limit investment risk by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Swaps Risk —</b> Swap agreements (including interest rate, total return, credit default and index) are derivatives contracts where the parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. In addition to the risks generally applicable to derivatives, risks associated with swap agreements include adverse changes in the returns of the underlying instruments, failure of the counterparties to perform under the agreement’s terms and the possible lack of liquidity with respect to the agreements. In addition, interest rate swaps may fail to perform as intended and may not offset adverse changes in interest rates fully or at all. Interest rate swaps may also reduce the Fund’s gains due to favorable changes in interest rates </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> and result in losses to the Fund. Counterparties to interest rate swaps are subject to manipulation in the marketplace of the floating rate benchmarks, which may affect the utility of interest rate swaps as a hedge.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Reference Rate Transition Risk —</b> The Fund may be exposed to financial instruments that transitioned from, or continue to be tied to, the London Interbank Offered Rate (“LIBOR”) or that reference alternative rates that replaced LIBOR. The effect of the transition away from LIBOR and the adoption of replacement rates, such as the Secured Overnight Financing Rate (“SOFR”) and other risk-free rates, may affect the value, liquidity or return of certain investments. The Fund may also be exposed to financial instruments linked to other reference rates that may be subject to reform, replacement or discontinuation in the future.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Alternative Minimum Tax Risk —</b> All or a portion of the Fund’s otherwise tax-exempt income may be taxable to those shareholders subject to the federal alternative minimum tax.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Income Risk —</b> The Fund may experience a decline in its income due to falling interest rates, earnings declines, income decline within a security or default of an issuer of a security. During periods of increasing or prolonged high interest rates, among other things, borrowing costs may increase, fewer issuances of securities and decreased liquidity may occur and/or an issuer of a security may be unable to refinance existing debt obligations and/or make income payments. The amount and rate of distributions that the Fund’s shareholders receive are affected by the income that the Fund receives from its portfolio holdings. If the income is reduced, distributions by the Fund to shareholders may be less.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Inverse Floaters Risk —</b> Inverse Floaters are issued in connection with municipal tender option bond (“TOB”) financing transactions to generate leverage for the Fund. The price of Inverse Floaters is expected to decline when interest rates rise, and generally will decline more than the price of a bond with a similar maturity, because of the effect of leverage. The price of Inverse Floaters is typically more volatile than the price of bonds with similar maturities, especially if the relevant TOB Trust provides the holder of the Inverse Floaters relatively greater leveraged exposure to the underlying security (e.g., if the par amount of the Floaters, as a percentage of the par amount of the underlying security, is relatively greater). Further, as short-term interest rates rise, the interest payable on the Floaters issued by a TOB Trust also rises, leaving less residual interest cash flow from the underlying security available for payment on the Inverse Floaters. Additionally, Inverse Floaters may lose some or all of their principal and, in some cases, the Fund could lose money in excess of its investment in Inverse Floaters. </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> Consequently, in a rising interest rate environment, the Fund’s investments in Inverse Floaters could negatively impact the Fund’s performance and yield, especially when those Inverse Floaters provide the Fund with relatively greater leveraged exposure to the relevant underlying securities. The leverage effect of Inverse Floaters also may increase the Fund’s credit risk.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Municipal Issuer Focus Risk —</b> The municipal issuers in which the Fund invests may be located in the same geographic area or may pay their interest obligations from revenue of similar projects, such as hospitals, airports, utility systems and housing finance agencies. This may make the Fund’s investments more susceptible to similar social, economic, political or regulatory occurrences, making the Fund more susceptible to experience a drop in its share price than if the Fund had invested across issuers that did not have similar characteristics.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> General Obligation and Revenue Bonds —</b> General obligation bonds are general obligations of a governmental entity that are secured by the entity’s pledge of its faith, credit and taxing power for the payment of principal and interest. Revenue bonds, on the other hand, are not supported by an issuer’s power to levy taxes and are payable only from the revenues derived from specific projects, authorities or facilities or, in some cases, from the proceeds of a special excise tax or another specific revenue source.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Education Revenue Bonds —</b> Education revenue bonds are payable from and secured by revenues derived from the operation of schools, colleges and universities and their revenues are derived mainly from ad valorem taxes, or for higher education systems, from tuition, dormitory revenues, grants and endowments. Payment on education revenue bonds may be adversely affected by litigation contesting the state constitutionality of financing public education in part from ad valorem taxes. Risks related to college and university obligations include the prospect of a declining percentage of the population consisting of “college” age individuals, possible inability to raise tuitions and fees sufficiently to cover increased operating costs, the uncertainty of continued receipt of Federal grants and state funding and new government legislation or regulations which may adversely affect the revenues or costs of such issuers.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Industrial Revenue Bonds —</b> Industrial revenue bonds are issued by governmental entities to provide financing aid to community facilities such as hospitals, hotels, business or residential complexes, convention halls and sport complexes. The proceeds from the issuance of an industrial revenue bond are directed to a private, for-profit business and the industrial revenue bond is backed by the credit and security of the private, for-profit business. Payment on industrial </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> revenue bonds may be adversely affected by the general state of the economy, intense competition, consolidation, domestic and international politics, excess capacity and consumer spending trends. In addition, they may also be significantly affected by overall capital spending levels, economic cycles, technical obsolescence, delays in modernization, labor relations, government regulations and e-commerce initiatives. Industrial issuers may also be affected by factors more specific to their individual industries.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Special Tax Bonds —</b> Special tax bonds are payable from and secured by revenues received by a municipality from a particular tax. Examples of special taxes are a tax on the rental of a hotel room, on the purchase of food and beverages, on the purchase of fuel, on the rental of automobiles or on the consumption of liquor. Special tax bonds are not secured by the general tax revenues of the municipality, and they do not represent general obligations of the municipality. Payment on special tax bonds may be adversely affected by a reduction in revenues realized from the underlying special tax. In addition, if spending on the particular goods or services that are subject to the special tax decrease, the municipality may be under no obligation to increase the rate of the special tax to ensure that sufficient revenues are raised from the shrinking taxable base.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Tax Allocation Revenue Securities —</b> Tax allocation bonds are typically secured by incremental tax revenues collected on property within the areas where redevelopment projects financed by bond proceeds are located. Tax allocation bond payments are expected to be made from projected increases in tax revenues derived from higher assessed values of property resulting from development in the particular project area and not from an increase in tax rates. Payment on tax allocation bonds may be adversely affected by variations in taxable values of property in a project area, successful appeals by property owners of assessed valuations, substantial delinquencies in the payment of property taxes, or imposition of any constitutional or legislative property tax rate decrease.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Transportation Facility Revenue Bonds —</b> Transportation facility revenue bonds are obligations which are payable from and secured by revenues derived from the ownership and operation of facilities such as airports, bridges, turnpikes, port authorities, convention centers and arenas. Payment on bonds related to airports and other facilities is dependent on fees received from signatory airlines use agreements (which consist of annual payments for leases, occupancy of certain terminal space and service fees), user fees from ports, tolls on </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> turnpikes and bridges and rents from buildings. The revenue earned from these fees may be reduced by increased cost of maintenance, decreased use of a facility, lower cost of alternative modes of transportation, scarcity of fuel and reduction or loss of rents.</span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "><b> Municipal Lease Obligation Risk —</b> In a municipal lease obligation, the issuer agrees to make payments when due on the lease obligation. Although the issuer does not pledge its unlimited taxing power for payment of the lease obligation, the lease obligation is secured by the leased property.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Tax-Exempt Status Risk —</b> The Fund’s investments in municipal securities rely on the opinion of the issuer’s bond counsel and, in the case of derivative securities, sponsors’ counsel, that the interest paid on those securities will not be subject to federal income tax. Tax opinions are generally provided at the time the municipal security is initially issued, and neither the Fund nor the Adviser will independently review the bases for those tax opinions. However, tax opinions are not binding on the Internal Revenue Service (the “IRS”), and if any of those tax opinions are ultimately determined to be incorrect or if events occur after the security is acquired that impact the security’s tax-exempt status, the Fund and its shareholders could be subject to substantial tax liability for the current or past years and shareholders may have to file amended tax returns and pay additional taxes, interest and penalties. In addition, an IRS assertion of taxability may impair the liquidity and the fair market value of the securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Tax Risk —</b> The Fund may be adversely impacted by changes in tax rates and policies. Because interest income from municipal securities is normally not subject to regular federal income taxation, the attractiveness of municipal securities in relation to other investment alternatives may be affected by changes in federal and state income tax rates or changes in the tax-exempt status of interest income from municipal securities. Any proposed or actual changes in such rates or exempt status, therefore, can significantly affect the demand for and supply, liquidity and marketability of the municipal securities. This could in turn affect the Fund’s net asset value and ability to acquire and dispose of municipal securities at desirable yield and price levels.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Unrated Bond Risk —</b> The Adviser may internally assign ratings to securities that are not rated by any nationally recognized statistical rating organization, after assessing their credit quality and other factors, in categories similar to those of nationally recognized statistical rating organizations. There can be no assurance, nor is it intended, that the Adviser’s credit analysis process is consistent or comparable with the credit analysis process used by a nationally recognized statistical rating organization. Unrated securities are considered “investment-grade” or “below-investment-grade” if judged by the Adviser to be </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> comparable to rated investment-grade or below-investment-grade securities. The Adviser’s rating does not constitute a guarantee of the credit quality. In addition, some unrated securities may not have an active trading market or may trade less actively than rated securities, which means that unrated securities may be difficult to sell promptly at an acceptable price.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> U.S. Territory Risk —</b> The Fund may invest in obligations of the governments of U.S. territories, commonwealths and possessions such as Puerto Rico, the U.S. Virgin Islands, Guam and the Northern Mariana Islands to the extent such obligations are exempt from regular federal income taxes. Accordingly, the Fund may be adversely affected by local political, economic, social and environmental conditions and developments, including natural disasters, within these U.S. territories, commonwealths and possessions affecting the issuers of such obligations.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Valuation Risk —</b> The investments in which the Fund invests typically are valued by a pricing service utilizing a range of market-based inputs and assumptions, including readily available market quotations obtained from broker-dealers making markets in such instruments, cash flows and transactions for comparable instruments. There is no assurance that the Fund will be able to sell a portfolio investment at the price established by the pricing service, which could result in a loss to the Fund. Pricing services generally price debt securities assuming orderly transactions of an institutional “round lot” size, but some trades may occur in smaller, “odd lot” sizes, often at lower prices than institutional round lot trades. Different pricing services may incorporate different assumptions and inputs into their valuation methodologies, potentially resulting in different values for the same investments. As a result, if the Fund were to change pricing services, or if the Fund’s pricing service were to change its valuation methodology, there could be a material impact, either positive or negative, on the Fund’s NAV.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Zero Coupon Bond Risk —</b> Zero coupon securities are debt obligations that do not entitle the holder to any periodic payment of interest prior to maturity or a specified date when the securities begin paying current interest. They are issued and traded at a discount from their face amount or par value, which discount varies depending on the time remaining until cash payments begin, prevailing interest rates, liquidity of the security and the perceived credit quality of the issuer. The market prices of zero coupon securities generally are more volatile than the prices of securities that pay interest periodically and in cash and are likely to respond to changes in interest rates to a greater degree than do other types of debt securities having similar maturities and credit quality. Original issue discount earned on zero coupon securities must be included in the Fund’s income. Thus, to continue to qualify for tax treatment as a RIC and to avoid U.S. federal income and excise tax on undistributed income, </span></p> <p><span style="font-size:0.2mm"> </span></p> <p><span style="font-family:sans-serif; font-size:3.8mm; "> the Fund may be required to distribute as a dividend an amount that is greater than the total amount of cash it actually receives. These distributions must be made from the Fund’s cash assets or, if necessary, from the proceeds of sales of portfolio securities. The Fund will not be able to purchase additional income-producing securities with cash used to make such distributions, and its current income ultimately could be reduced as a result.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b> Cybersecurity Risk —</b> The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information provides an indication of the risks of investing in the Short Duration High Yield Municipal Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. The indices are described in the <i>Fund Indices </i>section. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Updated performance information is available at<b> www.firsteagle.com/funds/short-duration-high-yield-municipal-fund</b> or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower.</span></p> The following information provides an indication of the risks of investing in the Short Duration High Yield Municipal Fund by showing changes in the Fund’s performance from year to year, and by showing how the Fund’s average annual returns for the periods shown compare with those of one or more broad measures of market performance, which have characteristics relevant to the Fund’s investment strategy. As with all mutual funds, past performance is not an indication of future performance (before or after taxes). After-tax returns are calculated using the highest individual U.S. federal income tax rate for each year, and do not reflect the effect of state and local taxes. Actual after-tax returns depend on your individual tax situation. After-tax returns are not relevant to investors in tax-deferred accounts, such as 401(k) plans or individual retirement accounts. www.firsteagle.com/funds/short-duration-high-yield-municipal-fund 800.334.2143 The following bar chart assumes reinvestment of dividends and distributions and does not reflect any sales charges. If sales charges were included the returns would be lower. Calendar Year Total Returns—Class I <p style="text-align: center;"><span style="font-family:sans-serif; font-size:3.8mm; "><img alt="" src="c115123xsdhymfxbar.jpg" style="margin:0 0 0 0; "/></span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="top"> <td style="width:38.00%;"><span style="font-size:0.6mm;"> </span><p></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:7.05%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:5.45%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:38.00%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:7.85%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="top"> <td colspan="3" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Best Quarter*</b></span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td style="background:#0026ff; width: 3px;"> </td> <td colspan="3" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Worst Quarter*</b></span></p></td> </tr> <tr valign="top"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Third Quarter 2024</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.79%</span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Second Quarter 2025</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> <span style="font-size:3.1mm; ">-0.17%</span></span></p></td> </tr> <tr style="font-size:0.2mm" valign="top"> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="text-align: center;"><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"><p><span style="font-size:0.2mm;"> </span></p></td> <td colspan="3" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:5pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">For the period presented in the bar chart above.</span></p> <p style="margin:2.1mm 0 0; "></p> </td> </tr> </table> Best Quarter Worst Quarter 2024-09-30 0.0279 2025-06-30 -0.0017 <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C and Class R6 shares will vary. While only partial information is shown for Class R6 shares (because it is more recently organized), annual returns for Class R6 shares would have been substantially similar to those shown here. Class R6 shares are invested in the same portfolio of securities and the annual returns differ only to the extent that Class R6 shares do not have the same expenses as the classes for which more extended performance is shown. Comparative expense information is in the Fees and Expenses table.</span></p> The following table discloses after-tax returns only for Class I shares. After-tax returns for Class A, Class C and Class R6 shares will vary. Average Annual Total Returns as of December 31, 2025 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:45.05%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.64%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.19%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.54%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.19%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.49%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"> <p style="margin:0; "><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b>1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class A<br/>Inception<br/>(1/2/24)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C<br/>Inception<br/>(7/11/25)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I<br/>Inception<br/>(1/2/24)</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6<br/>Inception<br/>(1/2/24)</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="36" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>First Eagle Short Duration High Yield Municipal Fund</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="36" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class A Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -1.32%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.81%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="36" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Return After Taxes on Distributions</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -3.21%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.77%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="36" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Return After Taxes on Distributions and Sales of Fund Shares</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.79%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.19%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="36" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class C Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.94%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="36" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class I Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.52%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.42%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="36" style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Class R6 Shares</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Return Before Taxes</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.45%</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> —</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 4.43%</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="36" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>S&amp;P Short Duration Municipal Yield Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.29%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.27%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 2.28%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.27%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.27%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="36" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td style="background:Silver; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; "><b>S&amp;P Municipal Bond Index (reflects no deduction for fees, expenses or taxes)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.26%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.08%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 4.38%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.08%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 3.08%</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table> 2024-01-02 2024-01-02 2024-01-02 2025-07-11 -0.0132 0.0281 -0.0321 0.0177 -0.0079 0.0219 -0.0094 0.0152 0.0442 0.0145 0.0443 (reflects no deduction for fees, expenses or taxes) 0.0429 0.0429 0.0429 0.0429 0.0427 0.0228 0.0427 0.0427 0.0426 0.0426 0.0426 0.0426 0.0308 0.0438 0.0308 0.0308 First Eagle Core Plus Municipal Fund Investment Objective <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">First Eagle Core Plus Municipal Fund (“Core Plus Municipal Fund” or the “Fund”) seeks to provide current income exempt from regular federal income taxes. </span></p> Capital appreciation is a secondary objective when consistent with the Fund’s primary objective. Fees and Expenses of the Core Plus Municipal Fund <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following information describes the fees and expenses you may pay if you buy, hold and sell shares of the Core Plus Municipal Fund. <b>You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.</b></span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the Core Plus Municipal Fund. Information about these and other discounts is available from your financial professional and in the <i>How to Purchase Shares </i>and <i>Public Offering Price of Class A Shares </i>sections on pages 210 and 217, respectively, and in the appendix to this Prospectus titled <i>Intermediary-Specific Front-End Sales Load and Waiver Terms.</i></span></p> You may qualify for sales charge discounts if you, together with certain related accounts, invest, or agree to invest in the future, at least $100,000 in the Core Plus Municipal Fund. 100000 <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p style="margin:0; "><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b>Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.50</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Other Expenses***</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Interest and Related Expenses****</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Remainder of Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.23</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.98</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.98</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.98</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.67</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.42</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.42</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.42</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.50%, 1.25%, 0.25% and 0.25% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Core Plus Municipal Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.50%, 1.25%, 0.25% and 0.25% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> ***</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">“Other Expenses” are based on estimated expenses for the current fiscal year; actual expenses may vary.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> ****</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters.</span></p> </td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr> <td style="width:65.33%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:7.13%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.68%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:8.29%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-size:0.2mm"> </span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"> <p style="margin:0; "><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b>Class A</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class C</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class I</b></span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td colspan="6" style="text-align: center; white-space: nowrap;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> Class R6</b></span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Shareholder Fees (fees paid directly from your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Maximum Sales Charge (Load) on Purchases (as a percentage of public offering price)</span></p></td> <td style="width: 3px; white-space: nowrap;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 2.50</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of your purchase or redemption price)</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00*</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td colspan="29" style="background:#0026ff; "> <p style="margin:0 2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment)</b></span></p></td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Management Fees**</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.40</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Distribution and/or Service (12b-1) Fees</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.25</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 1.00</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> None</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Other Expenses***</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.58</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Interest and Related Expenses****</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.17</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm"> <td colspan="29" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr> <td> <p style="text-indent:-2.8mm; margin:0 0 0 5.6mm; "><span style="font-family:sans-serif; font-size:3.1mm; ">Remainder of Other Expenses</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> 0.41</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Total Annual Operating Expenses (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.23</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.98</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.98</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.98</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> <tr> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Fee Waiver and/or Expense Reimbursement**</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> -0.56</span></p></td> <td colspan="2"> </td> </tr> <tr> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> Total Annual Operating Expenses After Fee Waiver and/or Expense Reimbursement (%)</b></span></p></td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.67</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 1.42</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.42</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; width: 3px;"> </td> <td style="background:Silver; "><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> </b></span></p></td> <td colspan="2" style="background:Silver; "> </td> <td style="background:Silver; ; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "><b> 0.42</b></span></p></td> <td colspan="2" style="background:Silver; "> </td> </tr> </table><table cellpadding="0" style="margin-top:1.8mm; font-size:0.2mm; border-spacing: 0px;"> <tr valign="top"> <td colspan="99"><p style="margin-top:0pt; font-size:12pt;"></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> *</span></p></td> <td style="width: 7px;"> </td> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> **</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.50%, 1.25%, 0.25% and 0.25% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Core Plus Municipal Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.50%, 1.25%, 0.25% and 0.25% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> ***</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">“Other Expenses” are based on estimated expenses for the current fiscal year; actual expenses may vary.</span></p></td> </tr> <tr valign="top"> <td style="width:0pt;"> </td> <td style="width:18pt; text-align: right;"><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; "> ****</span></p></td> <td style="width: 7px;"> </td> <td><p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.1mm; ">Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters.</span></p> </td> </tr> </table> Shareholder Fees (fees paid directly from your investment) 0.025 0 0 0 0.01 0.01 0 0 Annual Fund Operating Expenses (expenses you pay each year as a percentage of the value of your investment) 0.004 0.004 0.004 0.004 0.0025 0.01 0 0 0.0058 0.0058 0.0058 0.0058 0.0017 0.0017 0.0017 0.0017 0.0041 0.0041 0.0041 0.0041 0.0123 0.0198 0.0098 0.0098 -0.0056 -0.0056 -0.0056 -0.0056 0.0067 0.0142 0.0042 0.0042 <span style="font-family:sans-serif; font-size:3.1mm; ">A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge.</span> 2027-02-28 “Other Expenses” are based on estimated expenses for the current fiscal year; actual expenses may vary. Example <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The following example is intended to help you compare the cost of investing in the Core Plus Municipal Fund with the cost of investing in other mutual funds. This hypothetical example assumes you invest $10,000 in the Fund for the time periods indicated and then either redeem or do not redeem all shares at the end of those periods. The example also assumes the average annual return is 5% and operating expenses remain the same (except that the fee waiver is taken into account only for the one-year expense example). Please keep in mind your actual costs may be higher or lower.</span></p> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:69.75%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b>Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $317</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $576</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $245</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $567</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="15" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $145</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $567</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $43</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $256</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $43</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $256</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="15" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> <table cellpadding="0" style="margin-left:0.00%; margin-right:0.00%; width:100.00%; border-spacing: 0px;"> <tr valign="bottom"> <td style="width:69.75%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:6.41%;"><p><span style="font-size:0.6mm;"> </span></p></td> <td style="width:2.63%"><p><span style="font-size:0.6mm;"> </span></p></td> <td colspan="6" style="width:9.30%;"><p><span style="font-size:0.6mm;"> </span></p></td> </tr> <tr valign="bottom"> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b>Share Status</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 1 Year</b></span></p></td> <td style="width: 3px;"> </td> <td colspan="6" style="text-align: center;"><p><span style="font-family:sans-serif; font-size:2.9mm; color:#0026ff; "><b> 3 Years</b></span></p></td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b>Class A</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $317</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $576</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class C (shares have a one year contingent deferred sales charge)</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $245</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $567</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="15" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> <tr valign="bottom"> <td> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.1mm; ">Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $145</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $567</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class I</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $43</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $256</span></p></td> <td colspan="2"> </td> </tr> <tr valign="bottom"> <td colspan="15" style="background:#0026ff; "><p><span style="font-family:sans-serif; font-size:3.5mm; color:White; "><b> Class R6</b></span></p></td> </tr> <tr valign="bottom"> <td><p><span style="font-family:sans-serif; font-size:3.1mm; "> Sold or Held</span></p></td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $43</span></p></td> <td colspan="2"> </td> <td style="width: 3px;"> </td> <td><p><span style="font-family:sans-serif; font-size:0.2mm; "> </span></p></td> <td colspan="2"> </td> <td style="text-align: right;"><p><span style="font-family:sans-serif; font-size:3.1mm; "> $256</span></p></td> <td colspan="2"> </td> </tr> <tr style="font-size:0.2mm" valign="bottom"> <td colspan="15" style="border-top:solid .27mm #0026ff; ; text-align: center;"><p><span style="font-size:0.2mm;"> </span></p></td> </tr> </table> 317 317 576 576 245 567 145 567 43 43 256 256 43 43 256 256 Portfolio Turnover Rate <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Core Plus Municipal Fund pays transaction costs, such as commissions, when the Fund buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. There has been no portfolio turnover because the Fund has not commenced operations as of the date of this Prospectus.</span></p> Principal Investment Strategies <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">To pursue its investment objective, the First Eagle Core Plus Municipal Fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal bonds that pay interest that is exempt from regular federal personal income tax. Such municipal bonds may include obligations issued by U.S. states and their subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories that pay interest that is exempt from regular federal personal income tax and may include all types of municipal bonds. The Fund may invest without limit in securities that generate income taxable to those shareholders subject to the federal alternative minimum tax. Assuming the position pays interest income that is exempt from regular federal personal income tax, the Fund can “count” relevant derivative positions towards its “80% of assets” allocation and, in doing so, values each position at the price at which it is held on the Fund’s books (generally market price, but anticipates valuing each such position for purposes of assessing compliance with this test at notional value). While the Fund may invest in securities with any duration or time to maturity, under normal market conditions, the Fund will generally maintain an investment portfolio with a modified duration of between 3 and 10 years. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund invests significantly in investment grade municipal bonds rated higher than BB+/Ba1 at the time of purchase by at least one independent rating agency or, if unrated, judged by the Adviser to be of comparable quality and may employ effective leverage through investments in inverse floaters, tender option bonds, total return swaps, interest rate swaps, credit default swaps, credit default swap indices, a line of credit, repurchase agreements and reverse repurchase agreements. While the Fund may invest in securities with any investment rating, under normal market conditions, the Fund will invest no more than 30% of its net assets in below investment grade municipal bonds </span></p><p style="margin:2.1mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; ">(commonly referred to as “high yield” or “junk” bonds) rated BB+/Ba1 or lower at the time of purchase by at least one independent rating agency or, if unrated, judged by the Adviser to be of comparable quality. The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“Inverse Floaters”). The Fund’s investments in Inverse Floaters are designed to increase the Fund’s income and returns through this leveraged exposure. The Fund may invest in Inverse Floaters that create effective leverage of up to 15% of the Fund’s total investment exposure. Generally, the underlying bonds of the Inverse Floaters in which the Fund invests will be investment grade bonds, though the Fund may invest in Inverse Floaters without regard to the credit ratings of the underlying bonds of the Inverse Floaters.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">In deciding whether to sell a security, the Adviser considers various factors related to the market and the portfolio, which may include whether: a security has become overvalued; the Adviser detects credit deterioration or modifies its portfolio strategy, such as sector and/or state allocations; or a security exceeds the portfolio’s diversification targets.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">While the municipal issuers in which the Fund invests may be located in the same geographic area or may pay their interest obligations from revenue of similar projects, such as hospitals, airports, utility systems and housing finance agencies, as of the date of this prospectus, the Fund does not expect that it will have significant exposure to any particular geographic area or type of project. </span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">The Fund may invest in zero coupon bonds. The Fund may also invest (typically for hedging purposes or to manage the effective maturity or duration of the Fund’s portfolio or for speculative purposes in an effort to increase the Fund’s yield or to enhance returns) in derivative instruments such as options, futures contracts and options on futures contracts, and interest rate swaps.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">For more information about the Core Plus Municipal Fund’s principal investment strategies, please see the <i>More Information about the Fund’s Investments </i>section.</span></p> As with any mutual fund investment, you may lose money by investing in the Core Plus Municipal Fund. <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; "><b>Credit and Interest Rate Risk —</b> The value of the Fund’s portfolio may fluctuate in response to the risk that the issuer of a bond or other instrument will not be able to make payments of interest and principal when due. In addition, fluctuations in interest rates can affect the value of debt instruments held by the Fund. A debt instrument’s “duration” is a way of measuring a debt instrument’s sensitivity to a potential change in interest rates. An increase in interest rates tends to reduce the market value of debt instruments, while a decline in interest rates tends to increase their values. Generally, debt instruments with long maturities and low coupons have the longest durations. Longer-duration instruments tend to be more sensitive to interest rate changes than those with shorter durations. Recent market conditions and events, including increases in interest rates, may exacerbate the risk that borrowers will not be able to make payments of interest and principal when due. During periods of decreasing or prolonged low interest rates, financial markets in which the Fund invests could be negatively affected by, for example, increased volatility, reduced value and liquidity of the Fund’s investments, and perceptions of broader economic decline. In addition, there is risk of significant future rate moves and related economic and market impacts. Credit spread risk is the risk that economic and market conditions or any actual or perceived credit deterioration may lead to an increase in the credit spreads (i.e., the difference in yield between two securities of similar maturity but different credit quality) and a decline in price of an issuer’s securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Municipal Bond Risk —</b> The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) under normal market conditions in municipal bonds that pay interest that is exempt from regular federal personal income tax. Like other bonds, municipal bonds are subject to credit risk, interest rate risk, liquidity risk, and call risk. However, the obligations of some municipal issuers may not be enforceable through the exercise of traditional creditors’ rights. The reorganization under federal bankruptcy laws of a municipal bond issuer may result in the bonds being cancelled without payment or repaid only in part, or in delays in collecting principal and interest.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>High Yield Risk —</b> Debt instruments that are below investment grade, commonly known as “high yield” or “junk” bonds, may be subject to greater levels of interest rate, credit (including issuer default) and liquidity risk than investment grade securities and may experience extreme price fluctuations. The securities of such issuers may be considered speculative and the ability of such issuers to pay their debts on schedule may be uncertain.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Market Risk —</b> The value and liquidity of the Fund’s portfolio holdings may fluctuate in response to events specific to the issuers or markets in which the Fund invests, as well as economic, political, or social events in the United States or abroad. Markets may be volatile, and prices of individual securities and other investments, including those of a particular type, may decline significantly and rapidly in response to adverse issuer, political, regulatory, market, economic or other developments, public perceptions concerning these developments, and adverse investor sentiment or publicity. Recent market conditions and events, including a global public health crisis, wars and armed conflicts and actions taken by governments in response, may exacerbate volatility. Rapid changes in prices or liquidity, which often are not anticipated and can relate to events not connected to particular investments, may limit the ability of the Fund to dispose of its assets at the price or time of its choosing and can result in losses. Changes in prices may be temporary or may last for extended periods.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>New Fund Risk —</b> The Fund may not be successful in implementing its investment strategy, and its investment strategy may not be successful under all future market conditions, either of which could result in the Fund being liquidated at some future time without shareholder approval and/or at a time that may not be favorable for certain shareholders. New funds may not attract sufficient assets to achieve investment, trading or other efficiencies. In addition, the Fund may be subject to a “ramp-up” period, during which it may not be fully invested or able to meet its investment objective or principal investment strategies.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Call Risk —</b> The Fund may be subject to the risk that an issuer will exercise its right to pay principal on a debt obligation (such as a convertible security) that is held by the Fund earlier than expected. This may happen when there is a decline in interest rates. Under these circumstances, the Fund may be unable to recoup all of its initial investment and may also suffer from having to reinvest in lower-yielding securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Changes in Debt Ratings Risk —</b> If a rating agency gives a debt instrument a lower rating, the value of the instrument may decline because investors may demand a higher rate of return.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Derivatives Risk —</b> Futures contracts or other “derivatives,” including hedging strategies, present risks related to their significant price volatility and risk of default by the counterparty to the contract. The Fund may at times also purchase derivatives linked to relevant market indices as either a hedge or for investment purposes. A futures contract is considered a derivative because it derives its value from the price of the underlying security or financial index. The prices of futures contracts can be volatile </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">and futures contracts may lack liquidity. In addition, there may be imperfect or even negative correlation between the price of a futures contract and the price of the underlying securities or financial index. Use of derivatives or similar instruments may not be as favorable as a direct investment in an underlying investment and may adversely affect the amount, timing and character of income distributed to shareholders. As a result, a larger portion of the Fund’s distributions may be treated as ordinary income rather than capital gains. In addition, certain derivatives are subject to mark-to-market or straddle provisions of the Internal Revenue Code of 1986, as amended. If such provisions are applicable, there could be an increase in the amount of taxable dividends paid by the Fund.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Options Risk —</b> The Fund may engage in various options transactions in which the Fund typically seeks to limit investment risk by purchasing the right to buy or sell, or by selling the obligation to buy or sell, a security at a set price in the future. The Fund pays a premium when buying options and receives a premium when selling options. When trading options, the Fund may incur losses or forego otherwise realizable gains if market prices do not move as expected.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Swaps Risk —</b> Swap agreements (including interest rate, total return, credit default and index) are derivatives contracts where the parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. In addition to the risks generally applicable to derivatives, risks associated with swap agreements include adverse changes in the returns of the underlying instruments, failure of the counterparties to perform under the agreement’s terms and the possible lack of liquidity with respect to the agreements. In addition, interest rate swaps may fail to perform as intended and may not offset adverse changes in interest rates fully or at all. Interest rate swaps may also reduce the Fund’s gains due to favorable changes in interest rates and result in losses to the Fund. Counterparties to interest rate swaps are subject to manipulation in the marketplace of the floating rate benchmarks, which may affect the utility of interest rate swaps as a hedge.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Reference Rate Transition Risk —</b> The Fund may be exposed to financial instruments that transitioned from, or continue to be tied to, the London Interbank Offered Rate (“LIBOR”) or that reference alternative rates that replaced LIBOR. The effect of the transition away from LIBOR and the adoption of replacement rates, such as the Secured Overnight Financing Rate (“SOFR”) and other risk-free rates, may affect the value, liquidity or return of certain investments. The Fund may also be exposed to financial </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">instruments linked to other reference rates that may be subject to reform, replacement or discontinuation in the future.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Alternative Minimum Tax Risk —</b> All or a portion of the Fund’s otherwise tax-exempt income may be taxable to those shareholders subject to the federal alternative minimum tax.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Cybersecurity Risk —</b> The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in the disaster recovery systems of the Fund and Adviser, or a support failure from external providers, could have an adverse effect on the Fund’s ability to conduct business and on its results of operations and financial condition, particularly if those events affect the Fund and/or the Adviser’s computer-based data processing, transmission, storage, and retrieval systems or destroy data.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Income Risk —</b> The Fund may experience a decline in its income due to falling interest rates, earnings declines, income decline within a security or default of an issuer of a security. During periods of increasing or prolonged high interest rates, among other things, borrowing costs may increase, fewer issuances of securities and decreased liquidity may occur and/or an issuer of a security may be unable to refinance existing debt obligations and/or make income payments. The amount and rate of distributions that the Fund’s shareholders receive are affected by the income that the Fund receives from its portfolio holdings. If the income is reduced, distributions by the Fund to shareholders may be less.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Inverse Floaters Risk —</b> Inverse Floaters are issued in connection with municipal tender option bond (“TOB”) financing transactions to generate leverage for the Fund. The price of Inverse Floaters is expected to decline when interest rates rise, and generally will decline more than the price of a bond with a similar maturity, because of the effect of leverage. The price of Inverse Floaters is typically more volatile than the price of bonds with similar maturities, especially if the relevant TOB Trust provides the holder of the Inverse Floaters relatively greater leveraged exposure to the underlying security (e.g., if the par amount of the Floaters, as a percentage of the par amount of the underlying security, is relatively greater). Further, as short-term interest rates rise, the interest payable on the Floaters issued by a TOB Trust also rises, leaving less residual interest cash flow from the underlying security available for payment on the Inverse Floaters. Additionally, Inverse Floaters may lose some or all of their principal and, in some cases, the Fund could lose money in excess of its investment in Inverse Floaters. Consequently, in a rising interest rate environment, the Fund’s investments in Inverse Floaters could negatively impact the Fund’s performance and yield, </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">especially when those Inverse Floaters provide the Fund with relatively greater leveraged exposure to the relevant underlying securities. The leverage effect of Inverse Floaters also may increase the Fund’s credit risk.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Municipal Issuer Focus Risk —</b> The municipal issuers in which the Fund invests may be located in the same geographic area or may pay their interest obligations from revenue of similar projects, such as hospitals, airports, utility systems and housing finance agencies. This may make the Fund’s investments more susceptible to similar social, economic, political or regulatory occurrences, making the Fund more susceptible to experience a drop in its share price than if the Fund had invested across issuers that did not have similar characteristics.</span></p> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; "><b>General Obligation and Revenue Bonds —</b> General obligation bonds are general obligations of a governmental entity that are secured by the entity’s pledge of its faith, credit and taxing power for the payment of principal and interest. Revenue bonds, on the other hand, are not supported by an issuer’s power to levy taxes and are payable only from the revenues derived from specific projects, authorities or facilities or, in some cases, from the proceeds of a special excise tax or another specific revenue source.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Education Revenue Bonds —</b> Education revenue bonds are payable from and secured by revenues derived from the operation of schools, colleges and universities and their revenues are derived mainly from ad valorem taxes, or for higher education systems, from tuition, dormitory revenues, grants and endowments. Payment on education revenue bonds may be adversely affected by litigation contesting the state constitutionality of financing public education in part from ad valorem taxes. Risks related to college and university obligations include the prospect of a declining percentage of the population consisting of “college” age individuals, possible inability to raise tuitions and fees sufficiently to cover increased operating costs, the uncertainty of continued receipt of Federal grants and state funding and new government legislation or regulations which may adversely affect the revenues or costs of such issuers.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Industrial Revenue Bonds —</b> Industrial revenue bonds are issued by governmental entities to provide financing aid to community facilities such as hospitals, hotels, business or residential complexes, convention halls and sport complexes. The proceeds from the issuance of an industrial revenue bond are directed to a private, for-profit business and the industrial revenue bond is backed by the credit and security of the private, for-profit business. Payment on industrial </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">revenue bonds may be adversely affected by the general state of the economy, intense competition, consolidation, domestic and international politics, excess capacity and consumer spending trends. In addition, they may also be significantly affected by overall capital spending levels, economic cycles, technical obsolescence, delays in modernization, labor relations, government regulations and e-commerce initiatives. Industrial issuers may also be affected by factors more specific to their individual industries.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Special Tax Bonds —</b> Special tax bonds are payable from and secured by revenues received by a municipality from a particular tax. Examples of special taxes are a tax on the rental of a hotel room, on the purchase of food and beverages, on the purchase of fuel, on the rental of automobiles or on the consumption of liquor. Special tax bonds are not secured by the general tax revenues of the municipality, and they do not represent general obligations of the municipality. Payment on special tax bonds may be adversely affected by a reduction in revenues realized from the underlying special tax. In addition, if spending on the particular goods or services that are subject to the special tax decrease, the municipality may be under no obligation to increase the rate of the special tax to ensure that sufficient revenues are raised from the shrinking taxable base.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Tax Allocation Revenue Securities —</b> Tax allocation bonds are typically secured by incremental tax revenues collected on property within the areas where redevelopment projects financed by bond proceeds are located. Tax allocation bond payments are expected to be made from projected increases in tax revenues derived from higher assessed values of property resulting from development in the particular project area and not from an increase in tax rates. Payment on tax allocation bonds may be adversely affected by variations in taxable values of property in a project area, successful appeals by property owners of assessed valuations, substantial delinquencies in the payment of property taxes, or imposition of any constitutional or legislative property tax rate decrease.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Transportation Facility Revenue Bonds —</b> Transportation facility revenue bonds are obligations which are payable from and secured by revenues derived from the ownership and operation of facilities such as airports, bridges, turnpikes, port authorities, convention centers and arenas. Payment on bonds related to airports and other facilities is dependent on fees received from signatory airlines use agreements (which consist of annual payments for leases, occupancy of certain </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">terminal space and service fees), user fees from ports, tolls on turnpikes and bridges and rents from buildings. The revenue earned from these fees may be reduced by increased cost of maintenance, decreased use of a facility, lower cost of alternative modes of transportation, scarcity of fuel and reduction or loss of rents.</span></p> <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; "><b>Municipal Lease Obligation Risk —</b> In a municipal lease obligation, the issuer agrees to make payments when due on the lease obligation. Although the issuer does not pledge its unlimited taxing power for payment of the lease obligation, the lease obligation is secured by the leased property.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Tax-Exempt Status Risk —</b> The Fund’s investments in municipal securities rely on the opinion of the issuer’s bond counsel and, in the case of derivative securities, sponsors’ counsel, that the interest paid on those securities will not be subject to federal income tax. Tax opinions are generally provided at the time the municipal security is initially issued, and neither the Fund nor the Adviser will independently review the bases for those tax opinions. However, tax opinions are not binding on the Internal Revenue Service (the “IRS”), and if any of those tax opinions are ultimately determined to be incorrect or if events occur after the security is acquired that impact the security’s tax-exempt status, the Fund and its shareholders could be subject to substantial tax liability for the current or past years and shareholders may have to file amended tax returns and pay additional taxes, interest and penalties. In addition, an IRS assertion of taxability may impair the liquidity and the fair market value of the securities.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Tax Risk —</b> The Fund may be adversely impacted by changes in tax rates and policies. Because interest income from municipal securities is normally not subject to regular federal income taxation, the attractiveness of municipal securities in relation to other investment alternatives may be affected by changes in federal and state income tax rates or changes in the tax-exempt status of interest income from municipal securities. Any proposed or actual changes in such rates or exempt status, therefore, can significantly affect the demand for and supply, liquidity and marketability of the municipal securities. This could in turn affect the Fund’s net asset value and ability to acquire and dispose of municipal securities at desirable yield and price levels.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Illiquid Investment Risk —</b> Holding illiquid securities restricts or otherwise limits the ability for the Fund to freely dispose of its investments for specific periods of time. The Fund might not be able to sell illiquid securities at its desired price or time. Changes in the markets or in regulations governing the trading of illiquid instruments can cause rapid changes in the price or ability to sell an illiquid security. The market for lower-quality debt instruments, </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">including junk bonds, is generally less liquid than the market for higher-quality debt instruments. In addition, brokers and dealers have decreased their inventories of municipal bonds in recent years. This could limit the Adviser’s ability to buy or sell municipal bonds and increase price volatility and trading costs, particularly during periods of economic or market stress. In addition, recent federal banking regulations may cause certain dealers to reduce their inventories of municipal bonds, which may further decrease the Adviser’s ability to buy or sell bonds. As a result, the Adviser may be forced to accept a lower price to sell a security, to sell other securities to raise cash, or to give up an investment opportunity, any of which could have a negative effect on performance.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Unrated Bond Risk —</b> The Adviser may internally assign ratings to securities that are not rated by any nationally recognized statistical rating organization, after assessing their credit quality and other factors, in categories similar to those of nationally recognized statistical rating organizations. There can be no assurance, nor is it intended, that the Adviser’s credit analysis process is consistent or comparable with the credit analysis process used by a nationally recognized statistical rating organization. Unrated securities are considered “investment-grade” or “below-investment-grade” if judged by the Adviser to be comparable to rated investment-grade or below-investment-grade securities. The Adviser’s rating does not constitute a guarantee of the credit quality. In addition, some unrated securities may not have an active trading market or may trade less actively than rated securities, which means that unrated securities may be difficult to sell promptly at an acceptable price.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>U.S. Territory Risk —</b> The Fund may invest in obligations of the governments of U.S. territories, commonwealths and possessions such as Puerto Rico, the U.S. Virgin Islands, Guam and the Northern Mariana Islands to the extent such obligations are exempt from regular federal income taxes. Accordingly, the Fund may be adversely affected by local political, economic, social and environmental conditions and developments, including natural disasters, within these U.S. territories, commonwealths and possessions affecting the issuers of such obligations.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Valuation Risk —</b> The investments in which the Fund invests typically are valued by a pricing service utilizing a range of market-based inputs and assumptions, including readily available market quotations obtained from broker-dealers making markets in such instruments, cash flows and transactions for comparable instruments. There is no assurance that the Fund will be able to sell a portfolio investment at the price established by the pricing service, which could result in a loss to the Fund. Pricing services generally price debt securities assuming orderly transactions of an </span></p> <p><span style="font-size:0.2mm"> </span></p>  <p style="margin:0; "><span style="font-family:sans-serif; font-size:3.8mm; ">institutional “round lot” size, but some trades may occur in smaller, “odd lot” sizes, often at lower prices than institutional round lot trades. Different pricing services may incorporate different assumptions and inputs into their valuation methodologies, potentially resulting in different values for the same investments. As a result, if the Fund were to change pricing services, or if the Fund’s pricing service were to change its valuation methodology, there could be a material impact, either positive or negative, on the Fund’s NAV.</span></p> <p style="margin:1.8mm 0 0;"><span style="font-family:sans-serif; font-size:3.8mm; "><b>Zero Coupon Bond Risk —</b> Zero coupon securities are debt obligations that do not entitle the holder to any periodic payment of interest prior to maturity or a specified date when the securities begin paying current interest. They are issued and traded at a discount from their face amount or par value, which discount varies depending on the time remaining until cash payments begin, prevailing interest rates, liquidity of the security and the perceived credit quality of the issuer. The market prices of zero coupon securities generally are more volatile than the prices of securities that pay interest periodically and in cash and are likely to respond to changes in interest rates to a greater degree than do other types of debt securities having similar maturities and credit quality. Original issue discount earned on zero coupon securities must be included in the Fund’s income. Thus, to continue to qualify for tax treatment as a regulated investment company and to avoid U.S. federal income and excise tax on undistributed income, the Fund may be required to distribute as a dividend an amount that is greater than the total amount of cash it actually receives. These distributions must be made from the Fund’s cash assets or, if necessary, from the proceeds of sales of portfolio securities. The Fund will not be able to purchase additional income-producing securities with cash used to make such distributions, and its current income ultimately could be reduced as a result.</span></p> <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.</span></p> Investment Results <p style="margin:2.1mm 0 0; "><span style="font-family:sans-serif; font-size:3.8mm; ">Performance history will be included for the Fund after the Fund has been in operation for one calendar year. Until that time, performance information will be available at <b>www.firsteagle.com/funds/core-plus-municipal-fund </b>or by calling <b>800.334.2143</b>. As with all mutual funds, past performance is not an indication of future performance (before or after taxes).</span></p> Performance history will be included for the Fund after the Fund has been in operation for one calendar year. www.firsteagle.com/funds/core-plus-municipal-fund 800.334.2143 As with all mutual funds, past performance is not an indication of future performance (before or after taxes). 0.111 485BPOS 0000906352 false 2025-12-31 0.1065 0.1349 -0.0851 0.2017 0.0830 0.1224 -0.0648 0.1280 0.1179 0.3157 0.0559 0.1405 -0.1029 0.1761 0.0695 0.0494 -0.0810 0.1042 0.0614 0.3865 0.1477 0.1279 -0.0592 0.1936 0.0650 0.1866 -0.0570 0.1442 0.1590 0.2285 0.3692 0.0812 -0.1590 0.3851 0.2958 -0.0776 -0.0156 0.0702 0.1033 1.2839 0.1011 0.1296 -0.0650 0.1465 0.0465 0.0975 -0.0355 0.0816 0.0662 0.2622 -0.0197 0.2179 -0.2384 0.2832 0.0745 0.2029 -0.1930 0.2241 0.1431 0.2381 -0.1405 0.1676 0.0649 0.1333 0.1719 0.1132 0.1033 -0.0388 0.0960 0.0163 0.2552 0.1719 0.0486 -0.0042 0.0893 0.0732 0.0348 -0.0846 0.0943 0.1195 -0.0072 0.0118 A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. Effective September 30, 2025, the Fund’s benchmark index changed from the composite index consisting of 60% of the MSCI World Index and 40% of the Bloomberg U.S. Aggregate Bond Index to the composite index consisting of 60% of the MSCI World Index and 40% of the Bloomberg Global Aggregate Bond Index. The Fund believes that the new index more closely reflects the Fund’s investment strategies. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.90%, 1.65%, 0.65% and 0.65% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.90%, 1.65%, 0.65% and 0.65% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense. First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.25%, 2.00%, 1.00% and 1.00% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.25%, 2.00%, 1.00% and 1.00% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.20%, 0.95% and 0.95% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.20%, 0.95% and 0.95% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $1,000,000 or more without an initial sales charge. First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 1.10%, 0.85% and 0.85% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 1.10%, 0.85% and 0.85% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters. First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/ or reimburse certain fees and expenses of Classes A, C, I, and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.85%, 1.60%, 0.60% and 0.60% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.85%, 1.60%, 0.60% and 0.60% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.85%, 1.60%, 0.60% and 0.60% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Short Duration High Yield Municipal Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.85%, 1.60%, 0.60% and 0.60% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense. Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters. “Other Expenses” are based on estimated expenses for the current fiscal year; actual expenses may vary. A contingent deferred sales charge of 1.00% may apply on certain redemptions of Class A shares made within 18 months following a purchase of $250,000 or more without an initial sales charge. First Eagle Investment Management, LLC (the “Adviser”) has contractually agreed to waive and/or reimburse certain fees and expenses of Classes A, C, I and R6 so that the total annual operating expenses (excluding interest charges on any borrowings, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, dividend and other expenses relating to short sales, and extraordinary expenses, if any) (“annual operating expenses”) of each class are limited to 0.50%, 1.25%, 0.25% and 0.25% of average net assets, respectively. Each of these undertakings lasts until February 28, 2027 and may not be terminated during its term without the consent of the Board of Trustees. The Core Plus Municipal Fund has agreed that each of Classes A, C, I and R6 will repay the Adviser for fees and expenses waived or reimbursed for the class provided that repayment does not cause annual operating expenses (after the repayment is taken into account) to exceed the lesser of: (1) 0.50%, 1.25%, 0.25% and 0.25% of the class’ average net assets, respectively; or (2) if applicable, the then-current expense limitations. Any such repayment must be made within three years after the year in which the Adviser incurred the expense. Includes interest expense and fees paid on Fund borrowings and/or interest and related expenses from inverse floaters.