Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 24

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 quoted prices
for similar assets or liabilities in active markets, quoted prices for
identical or similar assets or liabilities in markets that are not considered
to be active, inputs other than quoted prices that are observable for the asset
or liability, and inputs that are derived principally from or corroborated by
observable market data by correlation or other means; and Level 3: Inputs
that are unobservable for the asset or liability, including the Fund’s
assumptions used in determining the fair value of investments. At June 30, 2025, and March 31, 2025, the
value of the gold bullion held by the Fund is categorized as Level 1. 2.3. Expenses, realized
gains and losses When selling gold to pay expenses,
the Sponsor will endeavor to sell the smallest amount of gold needed to pay
expenses to minimize the Fund’s holdings of assets other than gold. A gain or
loss is recognized based on the difference between the selling price and the
average cost of the gold sold on the trade date, and such amounts are reported
as net realized gain (loss) from gold distributed for the redemption of shares
and sold to pay expenses in the statements of operations. Gold transactions are
recorded on the trade date. The cost of gold is determined using the specific
identification method. The Fund’s only ordinary recurring
expense is the Sponsor’s fee of 0.15% of the NAV of the Fund (“Sponsor fee”).
The Sponsor fee is calculated on a daily basis (accrued at 1/366 of the
applicable percentage of total net assets on that day) and is payable by the
Fund monthly in arrears. The Fund’s expenses will reduce the NAV of the Fund.
In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the
ordinary fees and expenses incurred by the Fund, including but not limited to
the following: fees charged by the Administrator, the Custodian (the Cash
Custodian and Gold Custodian, collectively) and the Trustee, NYSE Arca listing
fees, typical maintenance and transaction fees of the DTC, SEC registration
fees, printing and mailing costs, audit fees and expenses, up to $500,000 per
annum in legal fees and expenses and applicable license fees. The Sponsor is not required to pay
any extraordinary or non-routine expenses. The Fund will be responsible for the payment of such