Company: FGDL
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001140361-25-030875
Chunk: 20

Company: Franklin Templeton Holdings Trust
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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HOLDINGS TRUST

Notes to Financial Statements
(Unaudited)

1. ORGANIZATION The Franklin
Templeton Holdings Trust (the “Trust”) was organized as a Delaware statutory
trust on April 19, 2021 and is governed by the Agreement and Declaration of
Trust dated as of May 10, 2022. The Trust is not registered as an investment
company under the Investment Company Act of 1940, as amended (the “Investment
Company Act”) and is not a commodity pool for purposes of the Commodity
Exchange Act (“CEA”). The Trust currently offers a single series, the Franklin
Responsibly Sourced Gold ETF (the “Fund”). The accompanying financial
statements relate to the one series that the Trust currently offers, the
Franklin Responsibly Sourced Gold ETF (the “Fund”). The Trust had no operations
prior to the commencement of operations of the Fund, other than matters
relating to its organization and the registration of the Fund under the
Securities Act of 1933, as amended (the “Securities Act”). Franklin Holdings,
LLC is the Sponsor of the Trust and the Fund (the “Sponsor”). The Sponsor is not subject to
regulation by the Commodity Futures Trading Commission (“CFTC”) as a commodity
pool operator with respect to the Fund, or a commodity trading advisor with
respect to the Fund. The Fund issues shares (the “Shares”), which represent
units of fractional undivided beneficial interest in the Fund. The Shares of
the Fund are listed on the NYSE Arca, Inc. (“NYSE Arca”). 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 Fund’s only ordinary recurring expense
is the Sponsor’s annual fee of 0.15% of the net asset value (“NAV”) of the
Fund. 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