Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 33

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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 was organized as a Delaware
statutory trust on April 19, 2021. Franklin Holdings, LLC is the Sponsor of the
Trust (the “Sponsor”). The Trust currently offers a single series, the Franklin
Responsibly Sourced Gold ETF (the “Fund”). The Fund issues common units of
beneficial interest (“Shares”), which represent units of fractional undivided
beneficial interest in and ownership of the Fund. The Shares are listed on NYSE
Arca, Inc. (“NYSE Arca”) under the symbol “FGDL.” Shares are not obligations
of, and are not guaranteed by, the Sponsor or any of its subsidiaries or
affiliates. The investment objective of the Fund is for the Shares to reflect
the performance of the price of gold bullion, less the Fund’s expenses. The
assets of the Fund include only gold bullion and cash, if any.

The
Fund seeks to hold only responsibly sourced gold in the Fund’s allocated
account. The Fund defines responsibly sourced gold for this purpose as London
Good Delivery gold bullion bars that were refined on or after January 1, 2012
(also referred to herein as “post-2012 gold”). All post-2012 gold has been
refined in accordance with London Bullion Market Association’s (“LBMA”)
Responsible Gold Guidance (the “Gold Guidance”), described further herein. To
facilitate this, in transferring gold into and out of the Fund’s allocated
account, the Custodian will, on a best efforts basis and subject to available
liquidity, seek to allocate post-2012 gold. If, due to a lack of liquidity, the
Custodian is unable to allocate post-2012 gold to the Fund’s allocated account,
the Custodian will do so as soon as reasonably practicable.

The
Fund issues Shares on a continuous basis. Shares are issued by the Fund only in
one or more blocks of 50,000 Shares (a block of 50,000 Shares is called a
“Creation Unit”) in exchange for gold from Authorized Participants, which is
then allocated to the Fund and stored safely by the Custodian. The Fund issues
and redeems Creation Units on an ongoing basis at Net Asset Value to Authorized
Participants who have entered into an agreement with the Sponsor and the
Administrator.

The
Fund pays the Sponsor a fee that accrues daily at an annualized rate equal to
0.15% of the daily Net