Semiannual Report

April 30, 2026

First Eagle US Equity ETF

First Eagle Mid Cap Equity ETF

Advised by First Eagle Investment Management, LLC

2

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

Table of Contents

Item 7

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

3

First Eagle US Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

4

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

First Eagle US Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

5

First Eagle US Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

6

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

First Eagle US Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

Abbreviations

As of April 30, 2026, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for federal income tax purposes was as follows:

See Notes to Financial Statements.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

7

First Eagle Mid Cap Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

8

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

First Eagle Mid Cap Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

9

First Eagle Mid Cap Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

10

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

First Eagle Mid Cap Equity ETF  |  Schedule of Investments  |  April 30, 2026 (unaudited)

Abbreviations

As of April 30, 2026, the gross unrealized appreciation (depreciation) of investments based on the aggregate cost of investments for federal income tax purposes was as follows:

See Notes to Financial Statements.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

11

Statement of Assets and Liabilities

April 30, 2026 (unaudited)

See Notes to Financial Statements.

12

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

April 30, 2026 (unaudited)

Statement of Operations

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

13

Statement of Changes in Net Assets

14

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

This page was intentionally left blank.

First Eagle ETF Trust

Financial Highlights

See Notes to Financial Statements.

16

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

17

Notes to Financial Statements

Note 1 — Organization

First Eagle ETF Trust (the “Trust”), is an open-end management investment company registered under the Investment Company Act of 1940, as amended (“1940 Act”). As of April 30, 2026, the Trust consists of two portfolios, the First Eagle US Equity ETF and First Eagle Mid Cap Equity ETF (each a “Fund” and together, the “Funds”). The Trust is a Delaware statutory trust. The First Eagle US Equity ETF is a non-diversified and an actively managed exchange-traded fund (“ETF”) with an investment objective of long-term growth of capital. It seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in domestic equity securities 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). The First Eagle Mid Cap Equity ETF is a diversified and an actively managed ETF with an investment objective of long-term growth of capital. It seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of U.S. mid-cap companies and may invest to a lesser extent in the securities of non-U.S. issuers (including American Depositary Receipts, Global Depositary Receipts and European Depositary Receipts).

First Eagle Investment Management, LLC (the “Adviser”) is the investment adviser of the Funds. The Adviser is a subsidiary of First Eagle Holdings, Inc. (“First Eagle Holdings”). Exchange Traded Concepts, LLC (the “Sub-Adviser”) serves as the investment sub-adviser to the Funds. A controlling interest in First Eagle Holdings is owned by funds managed by Genstar Capital, LLC.

Note 2 — Significant Accounting Policies

The following is a summary of significant accounting policies that are adhered to by the Funds. The Funds are investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards (the “FASB”) Codification Topic 946—Investment Companies, which is part of U.S. generally accepted accounting principles (“GAAP”).

A portfolio security (including an option or warrant), other than a bond, which is traded on a U.S. national securities exchange or a securities exchange abroad is generally valued at the price of the official close (last quoted sales price if an official closing price is not available) as of the local market close on the primary exchange. If there are no round lot sales on such date, such security will be

18

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

Notes to Financial Statements

valued at the mean between the closing bid and asked prices (and if there is only a bid or only an asked price on such date, valuation will be at such bid or asked price for long or short positions, respectively). Securities, other than bonds, traded in the over-the-counter market are valued at the mean between the last bid and asked prices prior to the time of valuation (and if there is only a bid or only an asked price on such date, valuation will be at such bid or asked price for long or short positions, respectively), except if such unlisted security is traded on the NASDAQ in which case, it is valued at the NASDAQ Official Closing Price. Such prices are provided by approved pricing vendors or other independent pricing sources.

Any security that is listed or traded on more than one exchange (or traded in multiple markets) is valued at the official close on the primary exchange or market on which it is traded. In the absence of such a quotation, a security may be valued at the last quoted sales price on the most active exchange or market as determined by the independent pricing agent. The Funds use pricing services to identify the market prices of publicly traded securities in its portfolio. When market prices are determined to be “stale” as a result of limited market activity for a particular holding, or in other circumstances when market quotations are not readily available within the meaning of applicable regulations, such as for private placements, or when market prices have been materially affected by events occurring after the close of trading on the exchange or market on which the security is principally traded but before a Fund’s NAV is calculated, or determined to be unreliable for a particular holding, such holdings may be “fair valued” as described below.

Additionally, trading of foreign equity securities on most foreign markets is completed before the close of trading in U.S. markets. The Funds have implemented fair value pricing on a daily basis for all foreign securities, as available, to account for market movement between the close of the foreign market and the close of the NYSE. The fair value pricing utilizes factors provided by an independent pricing service. The values assigned to a Fund’s holdings therefore may differ on occasion from reported market values, especially during periods of higher market price volatility. The Adviser believes that relying on the procedures described above will result in prices that are more reflective of the actual market value of portfolio securities held by the Funds than relying solely on reported market values.

The Funds adopted provisions surrounding fair value measurements and disclosures that define fair value, establish a framework for measuring fair value in GAAP and expand disclosures about fair value measurements. This applies to fair value measurements that are already required or permitted by other accounting standards and is intended to increase consistency of those measurements and applies broadly to securities and other types of assets and liabilities.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

19

Notes to Financial Statements

The Funds disclose the fair value of its investments in a hierarchy that prioritizes the inputs or assumptions to valuation techniques used to measure fair value. These inputs are used in determining the value of the Funds’ investments and are summarized in the following fair value hierarchy:

Level 1 — Quoted prices in active markets for identical securities.

Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 — Other significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

The significant unobservable inputs that may be used in determining valuations for investments identified within Level 3 are market comparables and the enterprise value of a company. Indications of value and quotations may be observable at any given time, but are currently treated by the Funds as unobservable. Significant changes in any of the unobservable inputs may significantly impact the fair value measurement. The impact is based on the relationship between each unobservable input and the fair value measurement.

Significant increases (decreases) in enterprise multiples may increase (decrease) the fair value measurement. Significant increases (decreases) in the discount for marketability, probability of insolvency and probability of default may decrease (increase) the fair value measurement.

Fair valuation of securities, other financial investments or other assets (collectively, “securities”) held by the Funds are determined in good faith by the Adviser as “valuation designee” under the oversight of the Board. The Board Valuation, Liquidity and Allocations Committee (the “Committee”) oversees the execution of the valuation and liquidity procedures for the Funds. In accordance with Rule 2a‑5 under the 1940 Act, the Board has designated the Adviser the “valuation designee” to perform the Fund’s fair value determinations. The Adviser’s fair valuation process is subject to Board oversight and certain reporting and other requirements.

The following is a summary of the Funds’ inputs used to value the Funds’ investments as of April 30, 2026:

First Eagle US Equity ETF

20

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

Notes to Financial Statements

First Eagle Mid Cap Equity ETF

Foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in the foreign jurisdictions in which a Fund invests. Investment income is recorded net of foreign withholding taxes. Foreign taxes are accrued based on gains realized by a Fund as a result of certain foreign security sales. In certain circumstances, estimated taxes are accrued based on unrealized appreciation of such securities. Interest income is recorded daily on the accrual basis. In computing investment income, each Fund accretes discounts and amortizes premiums on debt obligations using the effective yield method. Investment income is allocated to each Fund’s share class in proportion to its relative net assets. Payments received from certain investments held by the Funds may be comprised of dividends, capital gains and return of capital. The Funds originally estimate the expected classification of such payments. The amounts may subsequently be reclassified upon receipt of information from the issuer.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

21

Notes to Financial Statements

other things, requires a Fund to adopt and implement a comprehensive written derivatives risk management program (“DRMP”) and comply with a relative or absolute limit on Fund leverage risk calculated based on value-at-risk (“VaR”). The DRMP is administered by a “derivatives risk manager,” who is appointed by the Board, including a majority of Independent Trustees, and periodically reviews the DRMP and reports to the Board. Rule 18f‑4 provides an exception from the DRMP, VaR limit and certain other requirements if a Fund’s “derivatives exposure” (as defined in Rule 18f‑4) is limited to 10% of its net assets (as calculated in accordance with Rule 18f‑4) and a Fund adopts and implements written policies and procedures reasonably designed to manage its derivatives risks (the “Limited Derivatives User Exception”). As of the date hereof, each Fund relies on the Limited Derivatives User Exception.

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

The net assets of each of the Funds are presented at the foreign exchange rates and market values at the close of the period. The Funds do not isolate that portion of gains and losses on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices of the securities. Accordingly, such foreign currency gains (losses) are included in the reported net realized and unrealized gains (losses) on investment transactions on the Statements of Operations. However, for federal income tax purposes each Fund does isolate the effect of changes in foreign exchange rates from the changes in market prices for realized gains and losses on debt obligations.

22

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

Notes to Financial Statements

The Funds adopted provisions surrounding income taxes, which require the tax effects of certain tax positions to be recognized. These tax positions must meet a “more likely than not” standard that, based on their technical merits, have a more than 50% likelihood of being sustained upon examination. Management of the Trust has analyzed the Funds’ tax positions taken on federal and state income tax returns for all open tax years (the current and the prior three tax years) and has concluded that no provision for income tax is required in the Funds’ financial statements.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

23

Notes to Financial Statements

financial position or the results of their operations. Operating segments are defined as components of a company that engage in business activities and for which discrete financial information is available and regularly reviewed by the chief operating decision maker (“CODM”) in deciding how to allocate resources and assess performance.

In accordance with ASC 280, the Funds have determined that they have a single operating segment which derives its revenues from investments made in accordance with the Funds’ defined investment objective. The Funds’ CODM is represented by the Fund Operating Committee of the Advisor. The Funds’ net investment income, total returns, expense ratios, and net increase (decrease) in net assets resulting from operations which are used by the CODM to assess segment performance and to make resource allocation decisions to the segment are consistent with that presented within the Funds’ financial statements.

Note 3 — Investment Advisory, Custody and Administration Agreements; Transactions with Related Persons

Subject to the overall supervision of the Board, the Adviser manages the overall investment operations of each Fund in accordance with the Fund’s investment objective and policies and formulates a continuing investment strategy for the Fund pursuant to the terms of an investment advisory agreement between the Trust and the Adviser (the “Advisory Agreement’’). Under the terms of the Advisory Agreement, each Fund pays the Adviser a unitary management fee that is computed and paid monthly at an annual rate of 0.79% and 0.75% of the average daily net assets of the First Eagle US Equity ETF and First Eagle Mid Cap Equity ETF, respectively, during the month. From the unitary management fees, the Adviser pays most of the expenses of the Funds, including the cost of sub-advisory fees to any investment sub-adviser, transfer agency, custody, fund administration, legal, audit and other services. However, the Adviser is not responsible for interest expenses, brokerage commissions and other trading expenses, taxes, acquired fund fees and expenses and other extraordinary costs such as litigation and other expenses not incurred in the ordinary course of business.

The Adviser has contractually agreed to waive its advisory fee and/or reimburse expenses in order to limit Total Annual Fund Operating Expenses (excluding certain items discussed below) to 0.45% of the First Eagle US Equity ETF’s average daily net assets and 0.55% of the First Eagle Mid Cap Equity ETF’s average daily net assets. In determining the Adviser’s obligation to waive advisory fees and/or reimburse expenses, the following expenses are not taken into account and could cause the First Eagle US Equity ETF’s net Total Annual Fund Operating Expenses to exceed 0.45% or the First Eagle Mid Cap Equity ETF’s net Total Annual Fund Operating Expenses to exceed 0.55%, as applicable: acquired fund fees and expenses, brokerage commissions, extraordinary items, interest or taxes. These contractual

24

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

Notes to Financial Statements

limitations are in effect until February 1, 2027, and may not be terminated prior to that date without the approval of the Board of the Trust. The Adviser may not recoup waived fees or reimbursed expenses under the Expense Limitation Agreement with the Funds. For the period ended April 30, 2026, the Adviser waived the First Eagle US Equity ETF $1,609 in expenses which are included under Expense waiver in the Statement of Operations. As of April 30, 2026, the First Eagle US Equity ETF has $752 payable to the Adviser for expenses, which are included under Investment advisory fee payable on its Statement of Assets and Liabilities. For the period ended April 30, 2026, the Adviser waived the First Eagle Mid Cap Equity ETF $1,181 in expenses which are included under Expense waiver in the Statement of Operations. As of April 30, 2026, the  First Eagle Mid Cap Equity ETF has $1,276 payable to the Adviser for expenses, which are included under Investment advisory fee payable on its Statement of Assets and Liabilities.

The Funds have entered into a custody agreement with J.P. Morgan Chase Bank, N.A. (“JPM”). The custody agreement provides for an annual fee based on the amount of assets under custody plus transaction charges. JPM serves as custodian of the Funds’ portfolio securities and other assets. Under the terms of the custody agreement between the Funds and JPM, JPM maintains and deposits in separate accounts, cash, securities and other assets of the Funds. JPM is also required, upon the order of the Funds, to deliver securities held by JPM and the sub-custodian, and to make payments for securities purchased by the Funds. JPM has also entered into sub-custodian agreements with a number of foreign banks and clearing agencies, pursuant to which portfolio securities purchased outside the United States are maintained in the custody of these entities.

The Funds have also entered into an agreement for administrative services with JPM, pursuant to which JPM provides certain financial reporting and other administrative services. JPM, as the Funds’ administrator, receives annual fees separate from and in addition to the fees it receives for its services as the Funds’ custodian. Quasar Distributors, LLC (“Quasar”), a wholly-owned broker-dealer subsidiary of Foreside Financial Group, LLC, serves as the principal underwriter and distributor of the Funds’ shares pursuant to a Distribution Agreement with First Eagle ETF Trust, authorized participants, and JPM.

The Trust adopted a Trustee Deferred Compensation Plan (the “Plan”), which allows the Independent Trustees to defer the receipt of all or a portion of compensation related to performance of their duties as a Trustee. The deferred fees are invested in various First Eagle Funds until distribution in accordance with the Trustee Deferred Compensation Plan. As of April 30, 2026, balances to the Plan are included in the fees payable to the Trustees on the Statements of Assets and Liabilities.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

25

Notes to Financial Statements

Note 4 — Purchases and Sales of Securities

For the period ended April 30, 2026, purchases and proceeds from sales of investments, excluding short-term securities, were as follows:

Note 5 — Issuance and Redemption of Fund Shares

A Fund issues and redeems its shares only to Authorized Participants (“APs”) (typically broker-dealers) in exchange for the deposit or delivery of a basket of assets (securities and/or cash), in large blocks known as Creation Units, each of which is comprised of a specified number of shares.

Creation Units may be purchased in advance of receipt by the Trust of all or a portion of the applicable Deposit Securities as described below. In these circumstances, the initial deposit will have a value greater than the NAV of the shares on the date the order is placed in proper form since in addition to available Deposit Securities, cash must be deposited in an amount equal to the sum of (i) the Cash Component, plus (ii) an additional amount of cash equal to a percentage of the market value as set forth in the Participant Agreement, of the undelivered Deposit Securities (the “Additional Cash Deposit”), which will be maintained in a separate non-interest bearing collateral account.

A purchase (i.e., creation) transaction fee is imposed for the transfer and other transaction costs associated with the purchase of Creation Units, and investors will be required to pay a Creation Transaction Fee regardless of the number of Creation Units created in the transaction. A Fund may adjust the creation transaction fee from time to time based upon actual experience. In addition, a Fund may impose a Non-Standard Charge of up to 2% of the value of the creation transactions for cash creations, non-standard orders, or partial cash purchases for the Fund. A Fund may adjust the Non-Standard Charge from time to time based upon actual experience. Investors who use the services of an AP, broker or other such intermediary may be charged a fee for such services, which may include an amount for the Creation Transaction Fee and Non-Standard Charges. Investors are responsible for the costs of transferring the securities constituting the Deposit Securities to the account of the Trust. The Adviser may retain all or a portion of the Transaction Fee to the extent the Adviser bears the expenses that otherwise would

26

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

Notes to Financial Statements

be borne by the Trust in connection with the purchase of a Creation Unit, which the Transaction Fee is designed to cover. The standard Creation Transaction Fee for each Fund is $250.

Transaction fees assessed during the period ended April 30, 2026, were as follows:

Note 6 — In-Kind Transactions

During the period ended April 30, 2026, the Funds did not deliver portfolio securities in exchange for the redemption of shares (in-kind redemptions).

In addition, during the period, the Funds received securities in exchange for subscriptions of shares (in-kind purchases). For the period ended April 30, 2026, the fair value of the securities received for subscriptions were as follows:

Note 7 — Indemnification and Investment Risk

In the normal course of business, the Funds enter into contracts that contain a variety of representations which provide general indemnifications. Each Fund’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against each Fund that have not yet occurred. However, based on experience, the Funds expect the risk of loss to be remote. The Funds may have elements of risk not typically associated with investments in the United States due to their investments in foreign countries or regions. Such foreign investments may subject the Funds to additional risks resulting from political or economic conditions in such countries or regions and the possible imposition of adverse governmental laws or currency exchange restrictions could cause the securities and their markets to be less liquid and their prices to be more volatile than those of comparable U.S. securities. The securities markets in many emerging-market countries are substantially smaller, less developed, less liquid and more volatile than the securities markets of developed countries.

The Funds are subject to interest rate and credit risk. The value of debt securities may decline as interest rates increase. The Funds could lose money if the issuer of a fixed income security is unable to pay interest or repay principal when it is due. The ability of the issuers of debt to meet their obligations may be affected by the economic and political developments in a specific industry or region.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

27

Notes to Financial Statements

The Funds enter into derivatives which may represent off-balance sheet risk. Off-balance sheet risk exists when the maximum potential loss on a particular investment is greater than the value of such investment as reflected in the Statements of Assets and Liabilities.

Note 8 — Subsequent Events

Management has evaluated the possibility of subsequent events existing in the Fund’s financial statements. Management has determined that there are no material events that would require disclosure in the Fund’s financial statements.

28

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

Item 8 Changes In and Disagreements with Accountants

Not applicable.

Item 9 Proxy Disclosures

Not applicable.

Item 10 Remuneration Paid to Directors, Officers and Others

Refer to the financial statements included herein.

Item 11 Statement Regarding Basis for Approval of Investment Advisory Contract

At a meeting held on December 11, 2025, the Board of Trustees (the “Board”), including a majority of the independent trustees (the “Independent Trustees”), approved the Funds’ advisory agreement (the “Advisory Agreement”) and the Funds’ subadvisory agreement (the “Subadvisory Agreement” and together with the Advisory Agreement, the “Advisory Agreements”).

In response to a Section 15(c) information request letter sent to the Adviser on behalf of the Independent Trustees requesting information about the Advisory Agreements and other arrangements and plans, the Trustees received extensive materials from the Adviser, including reviews of expense information and performance. The Trustees also had the benefit of presentations from and discussions with management.

Prior to approving the Advisory Agreements, the Independent Trustees met in executive session with their independent counsel to discuss management’s responses to their information request and reviewed their legal and fiduciary obligations and the factors relating to their evaluation and approval. In their deliberations, Trustees attributed different weights to the various factors, and no factor alone was considered dispositive. At the conclusion of their review, the Trustees determined that the advisory and subadvisory fee structures were fair and reasonable under the circumstances and within the range of what could be negotiated at arm’s length, and that the Advisory Agreements should serve the best interests of the Funds and their shareholders. The Trustees considered the following topics in reaching their conclusion to approve the Advisory Agreements:

Nature, Quality, and Extent of Services to be Provided

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

29

transactions or in connection with any rebalancing of a Fund, subject to the supervision of the Adviser and the Board. As part of its responsibilities, ETC may make investment decisions consistent with the Funds’ principal investment strategies, including as part of managing cash flow activity consistent with the Funds’ investment objectives, policies and restrictions as set forth in the Funds’ Registration Statement.

Investment Performance

Costs of Services To Be Provided and Profits To Be Realized by Advisers and Affiliates From Relationship with the Funds; Economies of Scale; Fall-Out Benefits

30

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

considered that the Funds do not charge Rule 12b‑1 fees and, therefore, no revenue associated with Rule 12b‑1 fees (if any) on shareholders it services directly (if any) would be retained. The Trustees noted that the Adviser also may be able over time to extend investment and operational efficiencies associated with the Funds to management of other types of accounts.

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

31

General Information

Form N-PORT portfolio schedule

The Funds file their complete schedule of portfolio holdings with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Form N-PORT are available on the SEC’s Web site at www.sec.gov. Additionally, you may obtain copies of Form N-PORT from the Funds upon request by calling 1.844.422.3367.

Proxy voting policies, procedures and record

You may obtain (1) a description of the Funds’ proxy voting policies, (2) a description of the Funds’ proxy voting procedures and (3) information regarding how the Funds voted any proxies related to portfolio securities during the most recent twelve-month period ended June 30 for which an SEC filing has been made, without charge, upon request by contacting the Funds directly at 1.844.422.3367 or on the EDGAR Database on the SEC’s Web site at www.sec.gov.

32

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

First Eagle ETF Trust

Trustees

Lisa Anderson (Retired)

John P. Arnhold

Candace K. Beinecke (Chair)

Peter Davidson

Jean D. Hamilton

William M. Kelly

Paul J. Lawler

Mehdi Mahmud

Mandakini Puri

Scott Sleyster

Trustee Emeritus

Tamara L. Fagely

Jody T. Foster

John T. Kelly-Jones

Officers

Mehdi Mahmud

President

Frank Riccio

Senior Vice President

Brandon Webster

Chief Financial Officer

Seth Gelman

Chief Compliance Officer

David O’Connor

General Counsel

Sheelyn Michael

Secretary & Deputy General Counsel

Michael Luzzatto

Vice President

Shuang Wu

Treasurer

Investment Adviser

First Eagle Investment Management, LLC

1345 Avenue of the Americas
New York, NY 10105

Investment Sub-Adviser

Exchange Traded Concepts, LLC

10900 Hefner Pointe Drive, Suite 400
Oklahoma City, OK 73120

Legal Counsel

Sidley Austin LLP

787 Seventh Avenue
New York, NY 10019

Custodian

JPMorgan Chase Bank, N.A.

4 Chase Metrotech Center, Floor 16,
Brooklyn, NY 11245

Administrator and Transfer Agent

JPMorgan Chase Bank, N.A.

4 Chase Metrotech Center, Floor 16
Brooklyn, NY 11245

Underwriter

Quasar Distributors, LLC

190 Middle Street, Suite 301
Portland, ME 04101

Independent Registered Public
Accounting Firm

PricewaterhouseCoopers LLP

300 Madison Avenue
New York, NY 10017

First Eagle ETF Trust  |  Semiannual Report  |  April 30, 2026

33

First Eagle ETF Trust are offered by Quasar Distributors, LLC

190 Middle Street, Suite 301 Portland, ME 04101.

First Eagle Investment Management, LLC

1345 Avenue of the Americas, New York, NY 10105‑0048
800.334.2143 www.firsteagle.com