Franklin Templeton Holdings Trust Files 10-Q for Q4 2024
Ticker: FGDL · Form: 10-Q · Filed: Feb 12, 2025 · CIK: 1858258
| Field | Detail |
|---|---|
| Company | Franklin Templeton Holdings Trust (FGDL) |
| Form Type | 10-Q |
| Filed Date | Feb 12, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $1.235 billion, $1 billion, $700 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
**Franklin Templeton Holdings Trust filed its 10-Q for 12/31/24. Check it for financial details.**
AI Summary
Franklin Templeton Holdings Trust filed its 10-Q report for the quarterly period ended December 31, 2024. The filing, submitted on February 12, 2025, provides an update on the company's financial status. Franklin Templeton Holdings Trust is incorporated in Delaware and its fiscal year ends on March 31.
Why It Matters
This 10-Q filing provides investors with a crucial update on Franklin Templeton Holdings Trust's financial performance and position as of the end of the fourth quarter of 2024.
Risk Assessment
Risk Level: low — This filing is a standard quarterly report and does not contain immediate red flags or significant new risks.
Key Numbers
- 001-41435 — Commission File Number (Identifies the specific SEC filing for the company)
- 0001858258 — Central Index Key (Unique identifier for the filer in the SEC EDGAR system)
Key Players & Entities
- Franklin Templeton Holdings Trust (company) — Filer of the 10-Q report
- December 31, 2024 (date) — End of the quarterly period reported
- February 12, 2025 (date) — Date the 10-Q was filed
- Franklin Holdings, LLC (company) — Sponsor of the Trust
- San Mateo, CA (location) — Principal executive offices location
FAQ
What is the fiscal year end for Franklin Templeton Holdings Trust?
The fiscal year end for Franklin Templeton Holdings Trust is March 31.
What is the primary business address of Franklin Templeton Holdings Trust?
The primary business address is One Franklin Parkway, San Mateo, CA 94403.
What is the telephone number listed for Franklin Templeton Holdings Trust?
The telephone number is (650) 312-2000.
What is the SEC Act under which this report is filed?
This report is filed under the 1934 Act.
What was the previous name of Franklin Templeton Holdings Trust?
The previous name was Franklin Holdings Trust, with a name change date of April 21, 2021.
Filing Stats: 4,718 words · 19 min read · ~16 pages · Grade level 13.8 · Accepted 2025-02-12 16:38:42
Key Financial Figures
- $1.235 billion — rust has total annual gross revenues of $1.235 billion or more; the last day of the fiscal ye
- $1 billion — ous three-year period, issued more than $1 billion in non-convertible debt; or the date o
- $700 million — (i.e., an issuer that (1) has more than $700 million in outstanding equity held by non-affil
Filing Documents
- ef20039365_10q.htm (10-Q) — 835KB
- ef20039365_ex31-1.htm (EX-31.1) — 11KB
- ef20039365_ex31-2.htm (EX-31.2) — 11KB
- ef20039365_ex32-1.htm (EX-32.1) — 5KB
- ef20039365_ex32-2.htm (EX-32.2) — 5KB
- graphic.gif (GRAPHIC) — 14KB
- 0001140361-25-004056.txt ( ) — 4127KB
- fgdl-20241231.xsd (EX-101.SCH) — 27KB
- fgdl-20241231_def.xml (EX-101.DEF) — 127KB
- fgdl-20241231_lab.xml (EX-101.LAB) — 161KB
- fgdl-20241231_pre.xml (EX-101.PRE) — 144KB
- fgdl-20241231_cal.xml (EX-101.CAL) — 15KB
- ef20039365_10q_htm.xml (XML) — 801KB
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION Page
Unaudited Financial Statements of the Trust and Fund
Item 1. Unaudited Financial Statements of the Trust and Fund 4
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 25
Quantitative and Qualitative Disclosure About Market Risk
Item 3. Quantitative and Qualitative Disclosure About Market Risk 27
Controls and Procedures
Item 4. Controls and Procedures 27
OTHER INFORMATION
Part II. OTHER INFORMATION
Legal Proceedings
Item 1. Legal Proceedings 28
Risk Factors
Item 1A. Risk Factors 28
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 28
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 28
Other Information
Item 5. Other Information 28
Exhibits
Item 6. Exhibits 28
SIGNATURES
SIGNATURES 30 3 Table of Contents
FINANCIAL INFORMATION
Part I. FINANCIAL INFORMATION
Unaudited Financial Statements of the Trust and the Fund
Item 1. Unaudited Financial Statements of the Trust and the Fund FRANKLIN RESPONSIBLY SOURCED GOLD ETF FRANKLIN TEMPLETON HOLDINGS TRUST Index to Unaudited Financial Statements Page Combined Statements of Assets and Liabilities at December 31, 2024 and March 31, 2024 for Franklin Templeton Holdings Trust 5 Combined Schedules of Investments at December 31, 2024 and March 31, 2024 for Franklin Templeton Holdings Trust 6 Combined Statements of Operations for the three and nine month periods ended December 31, 2024 and 2023 for Franklin Templeton Holdings Trust 7 Combined Statements of Cash Flows for the nine month periods ended December 31, 2024 and 2023 for Franklin Templeton Holdings Trust 8 Combined Statements of Changes in Net Assets for the three and nine month periods ended December 31, 2024 and 2023 for Franklin Templeton Holdings Trust 9 Combined Notes to Financial Statements for Franklin Templeton Holdings Trust 10 15 Schedules of Investments at December 31, 2024 and March 31, 2024 for Franklin Responsibly Sourced Gold ETF 16 17 18 19
Notes to Financial Statements for Franklin Responsibly Sourced Gold ETF
Notes to Financial Statements for Franklin Responsibly Sourced Gold ETF 20 4 Table of Contents FRANKLIN TEMPLETON HOLDINGS TRUST Combined Statements of Assets and Liabilities (Unaudited) December 31, 2024 March 31, 2024 Assets Investment in gold, at fair value (a) $ 107,985,202 $ 62,110,210 Total assets 107,985,202 62,110,210 Liabilities Sponsor's fee payable 15,213 7,579 Total liabilities 15,213 7,579 Commitments and contingencies (Note 7) Net assets $ 107,969,989 $ 62,102,631 Shares issued and outstanding (b) 3,100,000 2,100,000 Net asset value per Share $ 34.83 $ 29.57 (a) Cost of investment in gold bullion: $ 90,663,645 at December 31, 2024 and $ 50,923,216 at March 31, 2024. (b) No par value, unlimited amount authorized. See accompanying notes to the unaudited financial statements. 5 Table of Contents FRANKLIN TEMPLETON HOLDINGS TRUST Combined Schedules of Investments (Unaudited) December 31, 2024 Ounces of Gold Cost Fair Value % of Net Assets Investment in gold 41,360.171 $ 90,663,645 $ 107,985,202 100.01 % Total investments 41,360.171 $ 90,663,645 $ 107,985,202 100.01 % Less liabilities ( 15,213 ) ( 0.01 )% Net assets $ 107,969,989 100.00 % March 31, 2024 Ounces of Gold Cost Fair Value % of Net Assets Investment in gold 28,048.958 $ 50,923,216 $ 62,110,210 100.01 % Total investments 28,048.958 $ 50,923,216 $ 62,110,210 100.01 % Less liabilities ( 7,579 ) ( 0.01 )% Net assets $ 62,102,631 100.00 % See accompanying notes to the unaudited financial statements. 6 Table of Contents FRANKLIN TEMPLETON HOLDINGS TRUST Combined Statements of Operations (Unaudited) For the Three Months Ended December 31, For the Nine Months Ended December 31, 2024 2023 2024 2023 Expenses Sponsor's fee $ 38,441 $ 24,388 $ 92,294 $ 89,459 Total expenses 38,441 24,388 92,294 89,459 Net investment loss ( 38,441 ) ( 24,388 ) ( 92,294 ) ( 89,459 ) Net realized and change in unrealized gain (loss)