Company: FGDL
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001140361-25-004056
Chunk: 9

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 from $2,629.95 per ounce as of September 30,
2024 to $2,610.85 per ounce as of December 31, 2024. Net decrease in net assets
resulting from operations was approximately $(1,903,721) for the three months
ended December 31, 2024, which consisted of the net realized and unrealized loss
on investment in gold of $(1,865,280), and payment of the Sponsor Fee of $(38,441).
Net assets increased to approximately $107,969,989 on December 31, 2024. The increase in net assets primarily
resulted from net capital share transactions of approximately
$23,885,503, offset by the aforementioned gold price depreciation.

For the Three
Months Ended December 31, 2023

For the three
months ended December 31, 2023, no Shares were issued and (500,000) Shares were
redeemed in exchange for (6,680.800) ounces of gold. The Fund’s NAV per Share
began the period at $25.00 and ended the period at $27.55. The increase in NAV
per Share was due to a higher price of gold of $2,062.40 at period end, which
represented an increase of 10.26% from $1,870.50 at September 30, 2023.

The change in
net assets from operations for the three months ended December 31, 2023 was
$6,529,425, which was due to (i) the Sponsor Fee of $(24,388), (ii) net
realized gain from gold distributed for the redemption of shares and sold to
pay expenses of $1,537,276 and (iii) a net change in unrealized appreciation
(depreciation) on investment of gold of $5,016,537. Other than the Sponsor Fee
the Fund had no expenses during the three months ended December 31, 2023.

For the Nine
months Ended December 31, 2024

For the nine
months ended December 31, 2024, 1,750,000 Shares were issued in exchange for
23,350.560 ounces of gold and (750,000) Shares were redeemed in exchange for (10,005.285) ounces of gold. The Fund’s NAV per
Share began the period at $29.57 and ended the period at $34