Company: FGDL
Filing Date: 2025-08-26
Form Type: POS AM
Source: 0001137439-25-001038
Chunk: 12

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-26
Form: POS AM
Chunk 12
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 of the Fund was $227,882,241 and the NAV was $43.82. Risk Factors You should consider carefully the risks described below before making an investment decision. You should also refer to the other information included in this Prospectus, as well as the Fund’s financial statements and the related notes, which are incorporated by reference into this Prospectus. There can be no assurance that the Fund will meet its investment objective, achieve profits or avoid losses. RISKS RELATED TO INVESTMENTS IN GOLD An investment in the Fund is subject to market risk with respect to the gold markets. Market risk refers to the risk that the market price of gold held by the Fund may go up and down, sometimes rapidly or unpredictably. The market price of the gold has been historically unpredictable. Because the Shares are designed to reflect the price of the gold after taking into account the Fund's expenses, the market price of the Shares will be unpredictable, like the price of gold has historically been. This creates the potential for losses on your investment in the Shares, regardless of whether you hold Shares for a short-, mid- or long-term period. The value of Shares depends on the price of gold, and it is subject to fluctuations similar to those affecting gold prices. This exposes your investment in Shares to potential losses if you need to sell your Shares at a time when the price of gold is lower than it was when you made your investment in Shares. Even if you are able to hold Shares for the mid- or long-term, you may never realize a profit, because gold markets have historically experienced extended periods of flat or declining prices. The following specific factors may have the effect of causing a decline in the prices of gold and a corresponding decline in the price of Shares as discussed further below, including: (i) large scale sales of gold, including those by the official sector (governments, central banks and related institutions) , which own a significant portion of the aggregate world gold holdings. If one or more of these institutions decide to sell in amounts large enough to cause a decline in world gold prices, the price of the Shares will be adversely affected; (ii) a significant increase in gold hedging activity by gold producers. Should there be an increase in the level of hedge activity of gold producing companies, it could cause a decline in world gold prices, which would adversely affect the price of the Shares; (iii) a significant change in the outlook of speculators and investors towards gold. Should the speculative community take a negative view towards gold,