Company: FGDL
Filing Date: 2025-02-12
Form Type: 10-Q
Source: 0001140361-25-004056
Chunk: 6

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-02-12
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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ourced 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 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 (