Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 36

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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,737 on the sale of gold to pay the Sponsor Fee, realized gain of $2,869,244
on the sale of gold for redemptions, and net change in unrealized appreciation
on investment in gold of $7,202,893. Net realized and unrealized
gain on investment in gold for the period was driven by gold price appreciation
from $3,115.10 per ounce as of March 31, 2025 to $3,287.45 per ounce as of June
30, 2025. Net increase in net assets resulting from operations was $10,004,601 for the three months ended June 30, 2025, which
consisted of the net realized and unrealized gain on investment in gold of
$10,088,874, offset by the Sponsor Fee of $84,273. Net assets increased to
 $227,882,241 on June 30, 2025. The increase in net assets
primarily resulted from net capital share transactions of $30,941,879, in addition to the aforementioned gold price appreciation. Other
than the Sponsor's fee, the Fund had no expenses during the three months ended
June 30, 2025.

For
the Three Months Ended June 30, 2024

For
the three months ended June 30, 2024, 100,000 Shares were issued in exchange
for 1,335.464 ounces of gold and no Shares were redeemed. The Fund’s NAV per
Share began the period at $29.57 and ended the period at $31.12. The increase
in NAV per Share was due to a higher price of gold of $2,330.90 at period end,
which represented an increase of 5.26% from $2,214.35 at March 31, 2024.

The
change in net assets from operations for the three months ended June 30, 2024
was $3,209,963, which was due to (i) payment of the Sponsor Fee of $(25,549), (ii)
net realized gain from gold distributed for the redemption of shares and sold
to pay expenses of $5,214 and (iii) a net change in unrealized appreciation
(depreciation) on investment in gold of $3,230,298. Other than the Sponsor Fee,
the Fund had no expenses during the three months ended June 30, 2024.

Liquidity and