Franklin Templeton Holdings Trust reported significant financial changes in its latest 10-Q filing for the quarter ending June 30, 2026. The Trust's net assets decreased to approximately $415.3 million, down from $475.6 million at the end of the previous quarter. This decline was primarily attributed to a substantial drop in the value of gold, which fell from $4,608.35 per ounce to $4,026.05 per ounce during the same period. The net asset value (NAV) per share also reflected this downturn, decreasing from $61.37 to $53.59, marking a 12.68% decline.

The Trust's operations for the quarter showed a net decrease in net assets resulting from operations of approximately $60.3 million, compared to a net increase of $10 million in the same quarter of the previous year. The net realized and change in unrealized loss on investments in gold was approximately $60.1 million, which included a realized gain of $63,678 from the sale of gold to cover the Sponsor's fee. The Sponsor's fee for the quarter was $174,426, significantly higher than the $84,273 reported in the same quarter last year.

In terms of operational metrics, the Trust maintained a consistent share count of 7.75 million shares throughout the quarter, with no shares issued or redeemed. The total investment in gold at fair value was reported at $415.4 million, representing 100.01% of net assets. The Trust's gold holdings slightly decreased from 103,215.624 ounces to 103,173.477 ounces, reflecting the sale of gold to cover operational expenses.

Looking ahead, the Trust's management indicated that the ongoing fluctuations in gold prices will continue to impact the Fund's performance. The Trust remains focused on maintaining its investment strategy centered around responsibly sourced gold, adhering to the standards set by the London Bullion Market Association. The Sponsor has committed to managing the Fund's expenses effectively, with the only recurring expense being the Sponsor's fee, which is calculated as a percentage of the NAV. The Trust's management expressed confidence in navigating the current market conditions while remaining vigilant about potential risks associated with gold price volatility.

About Franklin Templeton Holdings Trust

The Franklin Responsibly Sourced Gold ETF invests in physical gold bullion, primarily London Good Delivery bars refined post-2012 in accordance with LBMA standards. It aims to track gold prices, holding only responsibly sourced gold. The fund issues and redeems shares through authorized participants, with assets consisting solely of gold and cash. Managed by Franklin Holdings, it offers a transparent, custody-based investment in physical gold for long-term value preservation.

This description was generated via AI from an annual report. Updated about 1 year ago.

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