Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 34

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 Asset Value of the Fund, paid monthly in arrears (the
“Sponsor Fee”). The Sponsor Fee is accrued in and payable in U.S. dollars.

The
NAV is computed based upon the total value of the assets of the Fund (i.e.,
gold and cash) less its liabilities. To determine the Fund’s NAV, the
Administrator generally will value the gold bullion held by the Fund on the
basis of the LBMA Gold Price PM as published by the IBA. IBA operates
electronic auctions for spot, unallocated loco London gold, providing a
market-based platform for buyers and sellers to trade. The auctions are run at 10:30
a.m. and 3:00 p.m. London time for gold. The final auction prices are published
to the market as the LBMA Gold Price AM and the LBMA Gold Price PM,
respectively. The Administrator will calculate the NAV on each day NYSE Arca is
open for regular trading, at 12:00 PM New York time. If no LBMA Gold Price (AM
or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has
not been announced by 12:00 PM New York time on a particular evaluation day,
the next most recent LBMA Gold Price AM or PM will be used in the determination
of the NAV, unless the Sponsor determines that such price is inappropriate to
use as the basis for such determination. If the Sponsor determines that such
price is inappropriate to use, it shall identify an alternate basis for
evaluation of the gold bullion held by the Fund that the Sponsor determines
fairly represents the commercial value of the Fund's gold bullion.

Once
the value of the gold bullion has been determined, the Administrator subtracts
all estimated accrued expenses and other liabilities of the Fund from the total
value of the gold bullion and any cash of the Fund. The resulting figure is the
NAV. The Administrator determines the NAV per Share by dividing the NAV of the
Fund by the number of Shares outstanding as of the close of trading on NYSE
Arca.

Critical
Accounting Policy

The
financial statements and accompanying notes are prepared in accordance with
accounting principles generally accepted in the United States of America. The
preparation of these financial statements relies on estimates and assumptions
that impact the Fund’s as well as the Trust’s financial position and results of
operations. These estimates and assumptions affect the Fund’s