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

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 expenses to the extent any such expenses are incurred. Extraordinary expenses are fees and
expenses which are unexpected or unusual in nature, such as legal claims and
liabilities and litigation costs or indemnification or other unanticipated
expenses. Extraordinary fees and expenses also include material expenses which
are not currently anticipated obligations of the Fund. Routine operational,
administrative and other ordinary expenses are not deemed extraordinary
expenses. The Fund will sell gold on an as-needed basis to pay the Sponsor’s
fee. There have been no extraordinary or non-routine expenses during the periods presented. 2.4. Gold Receivable and Payable Gold
receivable or payable represents the quantity of gold covered by contractually
binding orders for the creation or redemption of Shares respectively, where the
gold has not yet been transferred to or from the Fund’s account. Generally,
ownership of the gold is transferred within two business days of the trade
date. 2.5. Creations and redemptions of Shares The
Fund creates and redeems Shares from time to time, but only in one or more
Creation Units (a Creation Unit equals a block of 50,000 Shares). The creation
and redemption of Creation Units is only made in exchange for the delivery to
the Fund or the distribution by the Fund of the amount of gold bullion
represented by the Creation Units being created or redeemed. The amount of gold
bullion required to be delivered to the Fund in connection with any creation,
or paid out upon redemption, is based on the combined NAV of the number of
Shares included in the Creation Units being created or redeemed as determined
on the day the order to create or redeem Creation Units is properly received
and accepted. The standard U.S. settlement cycle for most broker-dealer
securities transactions is one business day (T+1). Authorized Participants are
the only persons that may place orders to create and redeem Creation Units. All
gold bullion must be delivered by Authorized Participants to the Fund and
distributed by the Fund in unallocated form through credits and debits between
Authorized Participants’ unallocated accounts and the Fund Unallocated Account.
All gold bullion must be of at least a minimum fineness (or purity) of 995
parts per 1,000 (99.5%) and otherwise conform to the rules, regulations,
practices and customs of the LBMA, including the specifications for a London
Good Delivery Bar. The Transfer Agent receives a transaction processing fee in
connection