Company: FGDL
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001140361-25-004056
Chunk: 10

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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.83. The 17.79%
increase in the Fund's NAV from $29.57 at March 31, 2024 to $34.83 at December
31, 2024 is directly related to the 17.91% increase in the price of gold. The
Fund's NAV increased slightly less than the price of gold on a percentage basis
due to the Sponsor's fee, which was $(92,294) for the period.

Net realized
and unrealized gain on investment in gold for the nine months ended December
31, 2024, was approximately $10,395,772 which includes a realized gain of $19,999
on the sale of gold to pay the Sponsor Fee, net realized gain on investment in
gold sold for redemptions of $4,241,210, and net change in unrealized
appreciation (depreciation) on investment in gold of approximately $6,134,563.
Net realized and unrealized gain on investment in gold for the period was
driven by gold price appreciation from $2,214.35 per ounce as of March 31, 2024
to $2,610.85 per ounce as of December 31, 2024. Net increase in net assets
resulting from operations was approximately $10,303,478 for the nine months
ended December 31, 2024, which consisted of the net realized and unrealized
gain on investment in gold of $10,395,772, and payment of the Sponsor Fee of
$(92,294). Net assets increased to approximately $107,969,989 on December 31,
2024. The increase in net
assets primarily resulted from the aforementioned gold price appreciation and net
capital share transactions of approximately $35,563,880.

For the Nine
Months Ended December 31, 2023

For the nine
months ended December 31, 2023, 100,000 Shares were issued in exchange for
1,337.286 ounces of gold and (2,300,000) Shares were redeemed in exchange for
(30,748.616) ounces of gold. The Fund’s NAV per Share began the period at
$26.48 and ended the period at $27.55. The increase in NAV per Share was due to
a higher price of gold of $2,062.40 at period end, which represented an
increase of 4.18% from $1,