Company: FGDL
Filing Date: 2025-08-26
Form Type: POS AM
Source: 0001137439-25-001038
Chunk: 33

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-26
Form: POS AM
Chunk 33
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 of Creation Units. Overview of the Gold Industry Gold is owned in a variety of forms which can be grouped into several major categories of gold demand including jewelry, industry (including medical), electronics, physical bars and coins, ETF holdings, official holdings (central bank and supranational entity reserves) and fabrication (industrial demand). Key participants in the gold industry ecosystem on the supply side include mining and production companies, scrap merchants and recyclers. Banking sector companies also provide a variety of services that facilitate economic activity within the gold market, providing critical financial infrastructure, products and services to the gold industry and its participants. Examples include traditional banking products as well as mine financing, physical gold purchases and sales, hedging and risk management, inventory management for industrial users and consumers, and gold deposit and loan instruments. THE LBMA RESPONSIBLE SOURCING PROGRAMME As described above, the Fund seeks to hold only responsibly sourced gold in the Fund’s allocated account. 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. Therefore, under normal market conditions, the Fund expects to hold only post-2012 gold in the Fund’s allocated account. The Fund, however, may temporarily deviate from this policy in unusual market conditions, such as in the event of a temporary supply constraint or lack of availability, in which case the Fund will seek to come back into conformity with the policy as soon as reasonably practical. For example, at the time of a creation transaction in the Fund’s Shares, only pre-2012 gold may be readily available to the Custodian. In such circumstances, the Custodian would allocate such gold to the Fund’s allocated account on a temporary basis until such time as the Custodian is able to swap out the pre-2012 gold for post-2012 gold (including, but not limited to, in connection with redemption transactions). The Gold Guidance is the specific document that underpins the LBMA’s Responsible Sourcing Programme, a mandatory governance framework and audit program applicable to LBMA approved Good Delivery refiners designed to promote the integrity of the global supply chain for the wholesale gold markets. The Responsible Sourcing Programme is based on the five-step framework for risk-based due diligence codified in