Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 38

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 Gold

As movements in
the price of gold are expected to directly affect the price of the Fund’s
shares, it is important for investors to understand and follow movements in the
price of gold. Past movements in the gold price are not indicators of future
movements.

The following
chart shows movements in the price of gold based on the LBMA Gold Price PM in
U.S. dollars per ounce over the period from April 1, 2025 to June 30, 2025.

  26
  

   The average, high, low and end-of-period gold prices based on the LBMA Gold Price PM for the period are as below:

      Period

      Average

      High

      Date

      Low

      Date

      End of period
     (1)

      Last business day

      April 1, 2025 to June 30, 2025

      3,278.88

      3,435.35

      June 13, 2025

      3,014.75

      April 07, 2025

      3,287.45

      June 30, 2025

   (1) The end of period gold price is the LBMA Gold Price PM on the last business day of the period.

     Item 3.

           Quantitative and Qualitative Disclosures About Market Risk

   The Fund is a passive investment vehicle. It is not actively managed. The investment objective of the Fund is for the Shares to reflect the performance of the price of gold bullion, less the Fund’s expenses. Accordingly, fluctuations in the price of gold will affect the value of the Fund’s Shares.

     Item 4.    
    
            Controls and Procedures

   Disclosure Controls and Procedures

   The duly authorized officers of the Sponsor, performing functions equivalent to those a principal executive officer and principal financial officer of the Trust would perform if the Trust had any officers, have evaluated the effectiveness of the Trust’s disclosure controls and procedures, and have concluded as of the end of the period covered by this report on Form 10-Q that the disclosure controls and procedures of the Trust operated effectively at reasonable assurance levels.

   The disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed in the reports that the Trust files or submits under the Securities Exchange Act of 1934, as amended, are recorded, processed, summarized and reported, within the time period specified in the