Franklin Templeton Holdings Trust
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
FGDL$54.12-0.9%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-08-14.
0001193125-24-200691
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-11-12.
0001193125-24-255734
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 31 previous paragraphs and 37 current paragraphs.
25 unchanged; 6 reworded; 4 added; 0 removed; 0 previous and 2 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (4)
Current report
The change in net assets from operations for the three months ended September 30, 2023 was $(1,329,179), which was due to (i) the Sponsor Fee of $(26,489), (ii) realized gain on sale of gold to pay expenses of $1,507,791 and (iii) a net change in unrealized appreciation (depreciation) on investment in gold of $(2,810,481). Other than the Sponsor Fee the Fund had no expenses during the three months ended September 30, 2023.
Current report
For the Six Months Ended September 30, 2024
Current report
For the Six Months Ended September 30, 2023
Current report
The change in net assets from operations for the six months ended September 30, 2023 was $(4,644,402), which was due to (i) the Sponsor Fee of $(65,071), (ii) realized gain on sale of gold to pay expenses of $3,249,259 and (iii) a net change in unrealized appreciation (depreciation) on investment in gold of $(7,828,590). Other than the Sponsor Fee the Fund had no expenses during the six months ended September 30, 2023.
Reworded paragraphs (6)
Previous wording
At June 30, 2024, the Custodian held 29,373.939 ounces of gold on behalf of the Fund in its vault, with a market value of $68,467,714 (cost: $54,050,422) based on the LBMA Gold Price PM at period end.
Current wording
At September 30, 2024, the Custodian held 32,699.485 ounces of gold on behalf of the Fund in its vault, with a market value of $85,998,011 (cost: $62,561,734) based on the LBMA Gold Price PM at period end.
Previous wording
For the three months ended June 30, 2024, 100,000 Shares were issued in exchange for 1,335.464 ounces of gold and no Shares were redeemed. The Fund’s NAV per Share began the period at $29.57 and ended the period at $31.12. The increase in NAV per Share was due to a higher price of gold of $2,330.90 per fine ounce at period end, which represented a increase of 5.26% from $2,214.35 per fine ounce at March 31, 2024.
Current wording
For the three months ended September 30, 2024, 250,000 Shares were issued in exchange for 3,336.631 ounces of gold and no shares were redeemed. The Fund’s NAV per Share began the period at $31.12 and ended the period at $35.10. The increase in NAV per Share was due to a higher price of gold of $2,629.95 per fine ounce at period end, which represented a increase of 12.83% from $2,330.90 per fine ounce at June 30, 2024.
Previous wording
The change in net assets from operations for the three months ended June 30, 2023 was $(3,315,223), which was due to (i) payment of the Sponsor Fee of $(38,582), (ii) net realized gain from gold distributed for redemption of shares and sold to pay expenses of $1,741,468 and (iii) a net change in unrealized appreciation (depreciation) on investment in gold of $(5,018,109). Other than the Sponsor Fee, the Fund had no expenses during the three months ended June 30, 2023.
Current wording
The change in net assets from operations for the three months ended September 30, 2024 was $8,997,236, which was due to (i) the Sponsor Fee of $(28,305), (ii) net realized gain from gold distributed for the redemption of shares and sold to pay expenses of $6,556 and (iii) a net change in unrealized appreciation (depreciation) on investment in gold of $9,018,985. Other than the Sponsor Fee the Fund had no expenses during the three months ended September 30, 2024.
Previous wording
The change in net assets from operations for the three months ended June 30, 2024 was $3,209,963, which was due to (i) payment of the Sponsor Fee of $(25,549), (ii) net realized gain from gold sold to pay expenses of $5,214 and (iii) a net change in unrealized appreciation (depreciation) on investment in gold of $3,230,298. Other than the Sponsor Fee, the Fund had no expenses during the three months ended June 30, 2024.
Current wording
The change in net assets from operations for the six months ended September 30, 2024 was $12,207,199, which was due to (i) the Sponsor Fee of $(53,854), (ii) net realized gain from gold distributed for the redemption of shares and sold to pay expenses of $11,770 and (iii) a net change in unrealized appreciation (depreciation) on investment in gold of $12,249,283. Other than the Sponsor Fee the Fund had no expenses during the six months ended September 30, 2024.
Previous wording
For the three months ended June 30, 2023, 100,000 Shares were issued in exchange for 1,337.286 ounces of gold and (750,000) Shares were redeemed in exchange for (10,029.82) ounces of gold. The Fund’s NAV per Share began the period at $26.48 and ended the period at $25.57. The decrease in NAV per Share was due to a lower price of gold of $1,912.25 per fine ounce at period end, which represented a decrease of (3.4)% from $1,979.70 per fine ounce at March 31, 2023.
Current wording
For the six months ended September 30, 2023, 100,000 Shares were issued in exchange for 1,337.286 ounces of gold and (1,800,000) Shares were redeemed in exchange for (24,067.816) ounces of gold. The Fund’s NAV per Share began the period at $26.48 and ended the period at $25.00. The decrease in NAV per Share was due to a lower price of gold of $1,870.50 per fine ounce at period end, which represented a decrease of (5.52)% from $1,979.70 per fine ounce at March 31, 2023.
Previous wording
The average, high, low and end-of-period gold prices based on the LBMA Gold Price PM for the period are as below:
Current wording
The average, high, low andend-of-period gold prices based on the LBMA Gold Price PM for the period are as below:
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
For the three months ended September 30, 2023, (1,050,000) Shares were redeemed in exchange for (14,037.996) ounces of gold. The Fund’s NAV per Share began the period at $25.57 and ended the period at $25.00. The decrease in NAV per Share was due to a lower price of gold of $1,870.50 per fine ounce at period end, which represented a decrease of (2.18)% from $1,912.25 per fine ounce at June 30, 2023.
Current report — wording carried from elsewhere
For the six months ended September 30, 2024, 350,000 Shares were issued and in exchange for 4,672.095 ounces of gold and no shares were redeemed. The Fund’s NAV per Share began the period at $29.57 and ended the period at $35.10. The increase in NAV per Share was due to a higher price of gold of $2,629.95 per fine ounce at period end, which represented a increase of 18.77% from $2,214.35 per fine ounce at March 31, 2024.