Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 29

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 The Marketing Agent is an affiliate of the Sponsor. Expenses payable to the Marketing Agent, if any, are paid through the Sponsor’s fee.
   
   The Trust also considers Franklin Resources, Inc., the ultimate parent company of the Sponsor, to be a related party of the Trust and the Fund. As of June 30, 2025, and March 31, 2025, no shares of the Fund were held by any related party.

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5. CONCENTRATION OF RISK The Fund’s sole business activity is the investment in gold bullion. Several factors could affect the price of gold: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries, and new production projects; (ii) investors’ expectations regarding future inflation rates; (iii) currency exchange rate volatility; (iv) interest rate volatility; and (v) political, economic, global or regional incidents. In addition, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the shares to decline proportionately. Each of these events could have a material effect on the Trust’s and the Fund’s financial position and results of operations.

   6. FINANCIAL HIGHLIGHTS

      For the Three

      Months Ended

      June 30, 2025

      For the Three

      Months Ended

      June 30, 2024

      Net asset value per Share, beginning of period

    $41.54  
    $29.57 

      Net investment loss(a)

     (0.02)  
     (0.01) 

      Net realized and unrealized gain (loss) on investment in gold

     2.30  
     1.56 

      Net change in net assets from operations(b)

     2.28  
     1.55 

      Net asset value per Share, end of period

    $43.82  
    $31.12 

      Total return, at net asset value(c)

     5.49% 
     5.24%

      Ratio to average net assets(d)

      Net investment loss

     (0