Franklin Templeton Gold ETF Filing Amendment

TL;DR

Franklin Templeton amended its 10-K for the gold ETF, showing $104M in gold bullion.

AI Summary

Franklin Templeton Holdings Trust filed an amendment (10-K/A) on June 7, 2024, for the period ending March 31, 2023. The filing details the trust's investment in gold bullion, which amounted to $104,131,755 as of March 31, 2023. This filing relates to the Franklin Responsibly Sourced Gold ETF.

Why It Matters

This amendment provides updated financial details for the Franklin Responsibly Sourced Gold ETF, impacting investors' understanding of the fund's holdings and value.

Risk Assessment

Risk Level: low — This is a routine amendment to a previous filing, providing updated financial information for an ETF.

Key Numbers

• $104.1M — Investment in Gold Bullion (Represents the cost of gold held by the trust as of March 31, 2023.)

Key Players & Entities

• Franklin Templeton Holdings Trust (company) — Filer of the 10-K/A
• Franklin Responsibly Sourced Gold ETF (company) — Underlying ETF related to the filing
• $104,131,755 (dollar_amount) — Cost of investment in gold bullion as of March 31, 2023
• March 31, 2023 (date) — Fiscal year end and reporting date for investment in gold bullion
• June 7, 2024 (date) — Filing date of the 10-K/A

FAQ

Key Financial Figures

• $500 — ants, who will pay a transaction fee of $500 for each order to create or redeem Crea
• $500,000 — g costs, audit fees and expenses, up to $500,000 per annum in legal fees and expenses an

Filing Documents

• d812831d10ka.htm (10-K/A) — 689KB
• d812831dex311.htm (EX-31.1) — 12KB
• d812831dex312.htm (EX-31.2) — 12KB
• d812831dex321.htm (EX-32.1) — 5KB
• d812831dex322.htm (EX-32.2) — 5KB
• g812831dsp25.jpg (GRAPHIC) — 66KB
• 0001193125-24-157196.txt ( ) — 3061KB
• fgld-20230331.xsd (EX-101.SCH) — 30KB
• fgld-20230331_cal.xml (EX-101.CAL) — 10KB
• fgld-20230331_def.xml (EX-101.DEF) — 133KB
• fgld-20230331_lab.xml (EX-101.LAB) — 155KB
• fgld-20230331_pre.xml (EX-101.PRE) — 166KB
• d812831d10ka_htm.xml (XML) — 343KB

Business

Business 1 Description of the Trust 1 Description of the Shares 3 The Sponsor 4 The Trustee 4 The Cash Custodian 5 The Gold Custodian 5 Creation and Redemption of Shares by Authorized Participants 7 Item 1A.

Risk Factors

Risk Factors 9 Item 1B. Unresolved Staff Comments 15 Item 2.

Properties

Properties 15 Item 3.

Legal Proceedings

Legal Proceedings 15 Item 4. Mine Safety Disclosures 15 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 16 Item 6. [Reserved] 16 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 19 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 19 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 19 Item 9A.

Controls and Procedures

Controls and Procedures 20 Item 9B. Other Information 20 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 20 PART III Item 10. Directors, Executive Officers and Corporate Governance 21 Item 11.

Executive Compensation

Executive Compensation 21 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 21 Item 13. Certain Relationships and Related Transactions and Director Independence 21 Item 14. Principal Accounting Fees and Services 21 PART IV Item 15. Exhibits and Financial Statements Schedules 22 Item 16. Form 10-K Summary 23 Table of Contents PART I Item1. Business DESCRIPTION OF THE TRUST 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. Franklin Holdings, LLC is the Sponsor of the Trust (the "Sponsor"). The Trust currently offers a single series, the Franklin Responsibly Sourced 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 (referred to herein as "post-2012 gold" and London Good Delivery gold bullion bars refined prior to January 1, 2012 referred to herein as "pre-2012 gold"). All post-2012 gold has been refined in accordance with London Bullion Market Association's ("LBMA") Responsible Gold Guidance (the "Gold Guidance"). To facilitate this, in transferring gold into and out of the Fund's allocated account, the Custodian will

View Full Filing

View this 10-K/A filing on SEC EDGAR