FGDL on NYSE

Franklin Templeton Holdings Trust

American commodity contracts brokers and dealers company, listed on NYSE (FGDL)1

In its 2026 annual report the company says: “The Trust currently offers a single series, the Franklin Responsibly Sourced Gold ETF.”4 It is headquartered in San Mateo, California.1

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Last updated Oct 20, 2026.

Overview

$132.1MNet income, fiscal 20262

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  • TickerFGDL on NYSE1
  • IndustryCommodity Contracts Brokers & Dealers1
  • HeadquartersSan Mateo, California1
  • Incorporated inDE3
  • Business addressOne Franklin Parkway, San Mateo, Ca 944033
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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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 bul…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

45.1%Return on equity2

Financial statements

Net income52$132.1M in 2026+2057% since 2024
0$50.0M$100.0M$150.0M2024: $6.1M$6.1M20242025: $34.6M$34.6M2025+465%2026: $132.1M$132.1M2026+282%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-03-312025-03-31
Sponsor's fee$540.5K$142.8K
Total expenses$540.5K$142.8K
Net investment loss-$540.5K-$142.8K
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses$18.2M$4.3M
Net change in unrealized appreciation (depreciation) on investment in gold$114.4M$30.5M
Net realized and change in unrealized gain (loss) on investment in gold$132.6M$34.7M
Net increase (decrease) in net assets resulting from operations$132.1M$34.6M
Net increase (decrease) in net assets per Share (in Dollars per share)$19.78$12.69

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Former names

  • Franklin Holdings TrustApr 23, 2021 to Feb 22, 20223

Timeline

  1. May 8, 20268-K Executive or director change10
  2. May 23, 20238-K Regulation FD disclosure11

Filings

73 filings to the SEC since October 2021: 5 annual reports, 18 quarterly reports, 2 major events, 48 other. The latest 20:

  1. Aug 14, 202610-Q EDGAR
  2. Jun 29, 2026424I EDGAR
  3. Jun 29, 202610-K EDGAR
  4. Jun 18, 2026FWP EDGAR
  5. May 8, 20268-K EDGAR
  6. Feb 17, 202610-Q EDGAR
  7. Nov 13, 202510-Q EDGAR
  8. Sep 4, 2025FWP FGDL FWP 09.04.25 EDGAR
  9. Aug 29, 2025EFFECT EDGAR
  10. Aug 29, 2025424B3 EDGAR
  11. Aug 26, 2025POS AM EDGAR
  12. Aug 14, 202510-Q EDGAR
  13. Jun 30, 202510-K EDGAR
  14. Jun 26, 2025424I EDGAR
  15. Mar 12, 2025FWP EDGAR
  16. Feb 12, 202510-Q EDGAR
  17. Nov 12, 202410-Q EDGAR
  18. Aug 14, 202410-Q EDGAR
  19. Jul 12, 2024424B3 EDGAR
  20. Jul 8, 2024UPLOAD EDGAR

The 73 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 96. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Envestnet Asset Management Inc260,398$13.9M0.0%+8,748
LPL Financial LLC203,216$10.8M0.0%+27,515
Commonwealth Equity Services, LLC194,443$10.4M0.0%−23,814
Wbi Investments, LLC123,353$6.6M1.6%−1,156
Eastern Bank110,437$5.9M0.1%New
Jane Street Group, LLC102,675$5.5M0.0%+48,795
Clarity Asset Management, Inc.69,337$3.7M1.8%+20,746
Maridea Wealth Management LLC50,891$2.7M0.3%+2,913
Envestnet Portfolio Solutions, Inc.49,130$2.6M0.0%+1,491
Jpmorgan Chase & Co44,762$2.4M0.0%+688
Federation des caisses Desjardins du Quebec32,936$1.8M0.0%+2,135
Osaic Holdings, Inc.29,941$1.6M0.0%+1,236
Cetera Investment Advisers29,426$1.6M0.0%+2,840
3EDGE Asset Management, LP23,304$1.2M0.1%−1,075
Citadel Advisors LLC15,102$806.0K0.0%−4,263
PFG Investments, LLC14,855$792.8K0.0%+2,723
Mml Investors Services, LLC13,087$698.5K0.0%+1,323
Franklin Resources Inc12,590$671.9K0.0%No change
Carlson Financial, Inc.11,032$588.8K0.3%No change
Trademark Financial Management, LLC9,915$529.2K0.2%+751
Mason & Associates Inc8,987$479.6K0.1%+272
Cozad Asset Management Inc8,800$469.7K0.0%No change
One Wealth Advisors, LLC8,697$464.2K0.1%−305
Raymond James Financial Inc8,586$458.2K0.0%−8,358
Sonoma Allocations LLC8,073$438.4K0.1%+1,798

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Franklin Templeton Holdings Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFranklin Templeton Holdings Trust1
  • CIK0001858258
  • Employer ID (EIN)87-64589194
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsMarch 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressOne Franklin Parkway, San Mateo, CA 944031
  • Phone(650) 312-20001
  • Shares outstanding7,750,000 as of Aug 3, 20268
  • Public float$382.3M as of Sep 30, 20254
  • AuditorPricewaterhouseCoopers LLP, San Francisco, California PCAOB ID 238; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceApr 23, 20211
  • Filings77 in all: 10-Q (13), FWP (12), UPLOAD (7), 424B3 (6), CORRESP (6), 10-Q/A (5), 10-K (4), 424I (4)1
    All 19 form types

    DRS/A (4), DRSLTR (4), 8-K (2), EFFECT (2), S-1/A (2), 10-K/A (1), 8-A12B (1), CERT (1), DRS (1), POS AM (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Jun 29, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) May 8, 2026

Securities registered for trading

ClassSymbolExchange
Shares of Franklin Responsibly Sourced Gold ETFFGDLNYSE Arca, Inc.

From the cover page of the 10-K filed Jun 29, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Franklin Templeton Holdings Trust names in Item 1A of its 10-K filed Jun 29, 2026: 37 risks under these headings, as written.4

  • The Fund is not a diversified investment and, therefore, may be more volatile than other investments.
  • Adverse developments in gold bullion trading prices may adversely affect the value of an investment in the Fund.
  • Economic or other events could result in large-scale sales of gold, which could decrease the price of gold and the value of an investment in the Fund.
  • The Fund is subject to the risk that the Fund’s gold bullion may be sold at low prices to pay expenses.
  • The price of gold may be affected by the sale of gold by exchange-traded funds (“ETFs”) or other exchange-traded vehicles tracking gold markets.
  • Substantial sales of gold by the “official” sector could adversely affect the value of an investment in the Shares.
  • Geopolitical tensions or conflicts affecting significant gold producers could result in a decline in the price of gold and adversely affect the value of an investment in the Shares.
  • Potential discrepancies in the calculation, accuracy or reliability of the LBMA Gold Price PM, as well as any future changes to the LBMA Gold Price PM, could adversely affect the value of the gold bullion held by the Fund and the methodology used to calculate the value of an investment in the Fund.
  • RISKS RELATED TO THE FUND AND THE SHARES
  • The Fund is a passive investment vehicle and is not actively managed
  • The Fund is subject to responsible sourcing due diligence risk.
  • An active and liquid market for the Shares of the Fund may not be sustained.
The other 26 risks
  • The Shares may trade at a price which is at, above or below the NAV per Share and any discount or premium in the trading price relative to the NAV per Share may widen as a result of non-concurrent trading hours between the Commodity Exchange Inc. (the “COMEX”) and NYSE Arca.
  • If the process of creation and redemption of Creation Units encounters any unanticipated difficulties, or unanticipated operational or trading problems arise, the possibility for arbitrage transactions intended to keep the price of the Shares closely linked to the price of gold may not exist and, as a result, the price of the Shares may fall.
  • The amount of gold represented by each Share will decrease over the life of the Fund due to the sales of gold necessary to pay the Sponsor’s Fee and Fund expenses. Without increases in the price of gold sufficient to compensate for that decrease, the price of the Shares will also decline and you will lose money on your investment in Shares.
  • The Sponsor may amend the Declaration of Trust without the consent of the Shareholders.
  • The liquidation of the Fund or the Trust may occur at a time when the disposition of the Fund’s gold will result in losses to investors in Shares.
  • Redemption orders may be subject to rejection, suspension or postponement.
  • The liquidity of the Fund’s Shares may be affected by the withdrawal of Authorized Participants and substantial redemptions by Authorized Participants.
  • Shareholders do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.
  • Shareholders do not have the rights enjoyed by investors in certain other vehicles.
  • NYSE Arca may halt trading in the Shares, which would adversely impact your ability to sell your Shares.
  • The Trust is an “emerging growth company” and it cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make the Shares less attractive to investors.
  • RISKS RELATED TO THE CUSTODY OF GOLD
  • The Fund will rely on the Custodian for the safekeeping of essentially all of the Fund’s gold bullion. As a result, failure by the Custodian to exercise due care in the safekeeping of the Fund’s gold bullion could result in a loss to the Fund.
  • The value of the Shares will be adversely affected if gold owned by the Fund is lost or damaged in circumstances in which the Fund is not in a position to recover the corresponding loss.
  • Although the terms of the Custody Agreements concerning the Fund’s gold are expressly governed by English law, a court hearing any legal dispute concerning that arrangement may disregard that choice of law and apply U.S. law, in which case the ability of the Fund to seek legal redress against the Custodian may be impaired.
  • Shareholders and Authorized Participants lack the right under the Custody Agreements to assert claims directly against the Custodian, which significantly limits their options for recourse.
  • Gold transferred to the Fund in connection with the creation transactions may not be of the quality required under applicable contractual arrangements. The Fund will sustain a loss if the Fund issues Shares in exchange for gold of inferior quality and that loss will adversely affect the value of all existing Shares.
  • The Fund’s lack of insurance protection and the shareholders’ limited rights of legal recourse against the Fund, the Trustee, the Marketing Agent, the Sponsor, the Custodian and any sub-custodian expose the shareholders to the risk of loss of the Fund’s gold for which no person is liable.
  • Resignation of the Custodian would likely lead to the termination of the Fund if no successor is appointed.
  • The gold bullion custody operations of the Custodian are not subject to specific governmental regulatory supervision.
  • TAX RISKS
  • If a U.S. investor who or that is an individual, estate or trust (each referred to in this paragraph and the next paragraph as an “individual”) sells or exchanges Shares held for more than a year, any gain recognized on the sale or exchange generally will be subject to U.S. federal income tax at a maximum rate of 28% rather than the lower maximum rates applicable to most other long-term capital gains an individual recognizes.
  • GENERAL RISKS
  • The Fund is exposed to various operational risks.
  • Market disruption events or extraordinary events could cause a disruption in the operation of the Fund and its secondary market.
  • The Fund may be negatively impacted by the effects of the spread of illnesses or other public health emergencies on the global economy and the markets and service providers relevant to the performance of the Fund.
  • The service providers engaged by the Fund may not carry adequate insurance to cover claims against them by the Fund, which could adversely affect the value of the Fund’s net assets.
  • The Fund’s obligation to indemnify certain of its service providers could adversely affect an investment in the Shares.
  • Potential conflicts of interest may arise among the Sponsor or its affiliates and the Fund.

Legal proceedings

Legal Proceedings

From time to time, the Trust and/or the Fund may be a party to certain legal proceedings in the ordinary course of business. As of June 29, 2026, the Trust and the Fund are not subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against the Trust or Fund.

The opening of Item 3, Legal Proceedings.4

Sources

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