Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 27

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 2024 are as follows: 

      Shares

      Amount^

      Balance at April 1, 2024

     2,100,000  
    $46,291,354 

      Creation of Shares

     100,000  
     3,146,487 

      Redemption of Shares

      –   
      –  

      Balance at June 30, 2024

     2,200,000  
    $49,437,841 

    ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.  
   2.6. Income Taxes  The Fund is classified as a “grantor trust” for United States federal income tax purposes. As a result, the Trust and the Fund are not subject to United States federal income tax. Instead, the Fund’s income, gain, losses, and expenses will “flow through” to the shareholders, and the Administrator reports these to the Internal Revenue Service on that basis. 
  
   The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust and the Fund as of June 30, 2025 and March 31, 2025 and does not believe that there are any uncertain tax positions that require recognition of a tax liability.

   3. INVESTMENT IN GOLD
   
   The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2025 to June 30, 2025:  

      Amount in ounces

      Amount in US$

      Balance at April 1, 2025

     60,016.277  
    $186,956,705 

      Gold received for the creation of Shares

     14,001.581  
     45,549,915 

      Gold distributed for the redemption of Shares

     (4,666.909)  
     (14,608,036) 

      Principal on gold sales to pay expenses

     (23.386)  
     (76,561) 

      Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses

             –        
     2,885,981 

      Net change in unrealized appreciation (depreciation) on investment in gold