Company: FGDL
Filing Date: 2025-08-26
Form Type: POS AM
Source: 0001137439-25-001038
Chunk: 16

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-26
Form: POS AM
Chunk 16
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 impossible to predict. These and any related events could significantly impact the Fund’s performance and the value of an investment in the Fund. On March 7, 2022, the LBMA suspended six Russian gold and silver refiners from its Good Delivery List until further notice in light of sanctions imposed on Russia by the U.S., European Union and other countries in response to Russia’s invasion of Ukraine. As a result, while existing gold bars from these refiners are considered acceptable, newly minted gold bars produced by such refiners are effectively banned from trading in the loco London market. Although Russia is a significant producer of gold, following an initial increase in gold prices in late February 2022, there has not been a material impact on gold prices, the Fund’s performance or the NAV as a result of the suspension of Russian refiners from the Good Delivery List. Accordingly, as of the date of this Prospectus, the Fund does not expect that the suspension of Russian refiners will have a material impact on the supply of LBMA Good Delivery gold available to the Fund and other market participants. Any potential escalation of the conflict could negatively impact the Fund or global markets more broadly. In addition, similar events in the future, particularly where unanticipated by markets, could cause volatility in precious metals markets generally and the price of gold, which would have a negative impact on the Fund’s performance and the value of an investment in the Shares. Potential discrepancies in the calculation, accuracy or reliability of the LBMA Gold Price PM, as well as any future changes to the LBMA Gold Price PM, could adversely affect the value of the gold bullion held by the Fund and the methodology used to calculate the value of an investment in the Fund. 12 The LBMA Gold Price is determined twice each Business Day (10:30 a.m. and 3:00 p.m. London time) by the participants in a physically settled, electronic and tradable auction administered by the IBA. The IBA oversees a bidding process that determines the price of gold by matching buy and sell orders submitted by the participants for the applicable auction time. The Fund’s NAV is determined each day that the Fund’s principal market, NYSE Arca, is open for regular trading, based on the price of gold per ounce applied against the number of ounces of gold owned by the Fund. In determining the Fund’s NAV, the Administrator generally will value the gold bullion held by the Fund based on the 3:00 p.m. LBMA Gold Price (which is