Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 26

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 with orders from Authorized Participants to create or redeem Creation
Units in the amount of $500 per order. These transaction processing fees are
paid directly by the Authorized Participants and not by the Fund. Prior
to initiating any creation or redemption order, an Authorized Participant must
have an existing unallocated account with a London Precious Metals Clearing  Limited (“LPMCL”) clearing bank identified by
the Authorized Participant to the Custodian and the Sponsor, or an agreement
with the Custodian itself establishing an unallocated account in London. An
unallocated account is an account with a bullion dealer, which may also be a
bank, to which a fine weight amount of gold bullion is credited. Transfers to
or from an unallocated account are made by crediting or debiting the number of
ounces of gold bullion being deposited or withdrawn. The account holder is
entitled to direct the bullion dealer to deliver an amount of physical gold
bullion equal to the amount of gold bullion standing to the credit of the
unallocated account holder. Gold bullion held in an unallocated account is not
segregated from the Custodian’s assets. The account holder therefore has no
ownership interest in any specific bars of gold bullion that the bullion dealer
holds or owns. The account holder is an unsecured creditor of the bullion
dealer, and credits to an unallocated account are at risk of the bullion
dealer’s insolvency, in which event it may not be possible for a liquidator to
identify any gold bullion held in an unallocated account as belonging to the
account holder rather than to the bullion dealer.

  21
  

Changes in the Shares for the quarter from April 1, 2025 to June 30, 2025 are as follows:

      Shares

      Amount^

      Balance at April 1, 2025

     4,500,000  
    $136,536,467 

      Creation of Shares

     1,050,000  
     45,549,915 

      Redemption of Shares

     (350,000)  
     (14,608,036) 

      Balance at June 30, 2025

     5,200,000  
    $167,478,346 
   
    Changes in the Shares for the quarter from April 1, 2024 to June 30,