Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 22

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 The fiscal year of
the Trust and the Fund is March 31st.

2. SIGNIFICANT ACCOUNTING POLICIES In preparing
financial statements in conformity with accounting principles generally
accepted in the United States (“GAAP”), management of the Sponsor makes
estimates and assumptions that affect the reported amounts of assets,
liabilities and disclosures of contingent assets and liabilities at the date of
the financial statements, as well as the reported amount of revenue and
expenses reported during the period. Actual results could differ from these
estimates. The accompanying
unaudited financial statements were prepared in accordance with GAAP for interim financial information and with
the instructions for Form 10-Q and the rules and regulations of the U.S.
Securities and Exchange Commission (“SEC”). The following is a
summary of significant accounting policies followed by the Trust and the Fund. 2.1. Basis of Presentation The Sponsor
has determined that the Trust falls within the scope of Financial Accounting
Standards Board (“FASB”) Accounting Standards
Codification (“ASC”) 946, Financial Services - Investment Companies, and
has concluded that solely for accounting purposes, the Trust is classified as
an Investment Company as defined in ASC 946. The financial
statements are presented for the Fund, which is the sole series of the Trust. Financial
statements for the Trust, as the registrant, combined with the Fund are
provided separately in this report. For the periods presented, there were no
balances or activity for the Trust except for the Fund's operations, as its
sole series. These notes to the financial statements relate to the Fund, which is the sole series of the Trust. The debts, liabilities, obligations and
expenses incurred, contracted for or otherwise existing with respect to the
Fund are enforceable only against the assets of the Fund and not against the
assets of the Trust generally or any other series that the Trust may establish.
Combined financial statements for the Trust as registrant, and the Fund are
presented separately within this report. 2.2. Valuation of Gold The
Trust and the Fund follow the provisions of ASC 820, Fair Value Measurements
(“ASC 820”). ASC 820 provides guidance for determining fair value and requires
increased disclosure regarding the inputs to valuation techniques used to
measure fair value. ASC 820 defines fair value as the price that would be
received to sell an asset or paid to transfer a liability in an orderly
transaction