{"url_path":"/sec/fgdl/10-k/2026/item-16","section_key":"item-16","section_title":"Item 16 Form 10-K Summary","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/1858258/0001140361-26-026742-index.html","accession_number":"0001140361-26-026742","cik":"0001858258","ticker":"FGDL","issuer_name":"Franklin Templeton Holdings Trust","edgar_url":"https://www.sec.gov/Archives/edgar/data/1858258/0001140361-26-026742-index.html","primary_entity_key":"0001858258","primary_entity_name":"Franklin Templeton Holdings Trust"},"word_count":11081,"has_tables":true,"body_markdown":"Item 16.\n\nForm 10-K Summary\n\n \n\nNot applicable.\n\n \n\n24\n\n*Table of Contents*\n\nFRANKLIN RESPONSIBLY SOURCED GOLD ETF\n\nA SERIES OF FRANKLIN TEMPLETON HOLDINGS TRUST\n\nIndex to Financial Statements\n\n \n\n  \n\n \nPage\n\n[Report of Independent Registered Public Accounting Firm for Franklin Templeton Holdings Trust](#Report_of_Independent_Registered_Public_Accounting_Firm) (Auditor PCAOB #238)\n\nF-2\n\n[Combined Statements of Assets and Liabilities at March 31, 2026 and March 31, 2025 for Franklin Templeton Holdings Trust](#Combined_Statements_of_Assets)\n\nF-3\n\n[Combined Schedules of Investments at March 31, 2026 and March 31, 2025 for Franklin Templeton Holdings Trust](#Combined_Schedules_of_Investments)\n\nF-4\n\n[Combined Statements of Operations for the year ended March 31, 2026 and the year ended March 31, 2025 for Franklin Templeton Holdings Trust](#Combined_Statements_of_Operations)\n\nF-5\n\n[Combined Statements of Cash Flows for the year ended March 31, 2026 and the year ended March 31, 2025 for Franklin Templeton Holdings Trust](#Cash_Flows)\n\nF-6\n\n[Combined Statements of Changes in Net Assets for the year ended March 31, 2026 and the year ended March 31, 2025 for Franklin Templeton Holdings Trust](#Combined_Statements_of_Changes_in_Net_Assets)\n\nF-7\n\n[Notes to the Combined Financial Statements for Franklin Templeton Holdings Trust](#Notes_to_the_Combined_Financial)\n\nF-8\n\n[Report of Independent Registered Public Accounting Firm for Franklin Responsibly Sourced Gold ETF](#Report_of_Independent_Regi) (Auditor PCAOB #238)\n\nF-13\n\n[Statements of Assets and Liabilities at March 31, 2026 and March 31, 2025 for Franklin Responsibly Sourced Gold ETF](#Statements_of_Assets_and_Liabilities)\n\nF-14\n\n[Schedules of Investments at March 31, 2026 and March 31, 2025 for Franklin Responsibly Sourced Gold ETF](#Investments)\n\nF-15\n\n[Statements of Operations for the year ended March 31, 2026 and the year ended March 31, 2025 for Franklin Responsibly Sourced Gold ETF](#Operations)\n\nF-16\n\n[Statements of Cash Flows for the year ended March 31, 2026 and the year ended March 31, 2025 for Franklin Responsibly Sourced Gold ETF](#Cash_Flows_0)\n\nF-17\n\n[Statements of Changes in Net Assets for the year ended March 31, 2026 and the year ended March 31, 2025 for Franklin Responsibly Sourced Gold ETF](#Changes_in_Net_Assets)\n\nF-18\n\n[Notes to Financial Statements for Franklin Responsibly Sourced Gold ETF](#Notes)\n\nF-19\n\n \n\nF-1\n\n*Table of Contents*\n\nReport of Independent Registered Public Accounting Firm\n\n \n\nTo****the Sponsor of Franklin Templeton Holdings\nTrust\n\n** **\n\n**Opinion\non the Financial Statements**\n\n \n\nWe have audited the accompanying combined statements of\nassets and liabilities, including the combined schedules of investments, of\nFranklin Templeton Holdings Trust and Franklin Responsibly Sourced Gold ETF (the\n“Trust”) as of March 31, 2026 and 2025, and the related combined statements of\noperations, cash flows and changes in net assets for each of the two years in\nthe period ended March 31, 2026, including the\nrelated notes (collectively referred to as the “combined financial\nstatements”). In our opinion, the combined financial statements present fairly,\nin all material respects, the financial position of the Trust as of March 31,\n2026 and 2025, and the\nresults of its operations, its cash flows and changes in its net assets for\neach of the two years in the period ended March 31, 2026 in conformity with\naccounting principles generally accepted in the United States of America. \n\n \n\n**Basis for Opinion**\n\n \n\nThese combined financial statements are the responsibility of the Sponsor’s management. Our responsibility is to express an opinion on the Trust’s combined financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nWe conducted our audits of these combined financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the combined financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion.\n\n \n\nOur\naudits included performing procedures to assess the risks of material\nmisstatement of the combined financial statements, whether due to error or\nfraud, and performing procedures that respond to those risks. Such procedures\nincluded examining, on a test basis, evidence regarding the amounts and\ndisclosures in the combined financial statements. Our audits also included\nevaluating the accounting principles used and significant estimates made by\nmanagement, as well as evaluating the overall presentation of the combined financial\nstatements. We believe that our audits provide a reasonable basis for our\nopinion.\n\n \n\n/s/ PricewaterhouseCoopers LLP\n\nSan Francisco, California\n\nJune 29, 2026\n\n \n\nWe have served as the Trust’s auditor since 2022.\n\n \n\nF-2\n\n*Table of Contents*\n\nFRANKLIN TEMPLETON HOLDINGS TRUST\n\nCombined Statements of Assets and Liabilities\n\n \n\n         \n\n \n \nMarch 31, 2026\n \n \nMarch 31, 2025\n \n\n \n    \n    \n\nAssets\n\n    \n    \n\nInvestment in gold, at fair value(a)\n\n $475,653,721 \n $186,956,705 \n\nTotal assets\n\n  475,653,721 \n  186,956,705 \n\n \n    \n    \n\nLiabilities\n\n    \n    \n\nSponsor's fee payable\n\n  \n69,686\n \n  \n20,944\n \n\nTotal liabilities\n\n  69,686 \n  20,944 \n\nCommitments and contingencies (Note 7)\n\n  \n \n \n  \n \n \n\nNet assets\n\n $475,584,035 \n $186,935,761 \n\n \n    \n    \n\nShares issued and outstanding(b)\n\n  7,750,000 \n  4,500,000 \n\nNet asset value per Share\n\n $61.37 \n $41.54 \n\n \n\n(a)\n\nCost of investment in gold bullion: $319,559,905 at March 31, 2026 and $145,309,087 at March 31, 2025.\n\n(b)\n\nNo par value, unlimited amount authorized.\n\n \n\nSee accompanying notes to the combined financial statements.\n\n \n\nF-3\n\n*Table of Contents*\n\nFRANKLIN TEMPLETON HOLDINGS TRUST\n\nCombined Schedules of Investments\n\n \n\n                 \n\n                 \n\nMarch 31, 2026\n\n    \n    \n    \n    \n\n \n \n\nOunces of Gold\n \n \n\nCost\n \n \n\nFair Value\n \n \n\nFair Value as a\n\n% of Net Assets\n \n\nInvestment in gold\n\n  103,215.624 \n $319,559,905 \n $475,653,721 \n  100.01%\n\nTotal investments\n\n  103,215.624 \n $319,559,905 \n $475,653,721 \n  100.01%\n\nLess liabilities\n\n    \n    \n  (69,686) \n  (0.01)%\n\nNet assets\n\n    \n    \n $475,584,035 \n  100.00%\n\n \n\n                 \n\nMarch 31, 2025\n\n    \n    \n    \n    \n\n \n \n\nOunces of Gold\n \n \n\nCost\n \n \n\nFair Value\n \n \n\nFair Value as a\n\n% of Net Assets\n \n\nInvestment in gold\n\n  60,016.277 \n $145,309,087 \n $186,956,705 \n  100.01%\n\nTotal investments\n\n  60,016.277 \n $145,309,087 \n $186,956,705 \n  100.01%\n\nLess liabilities\n\n    \n    \n  (20,944) \n  (0.01)%\n\nNet assets\n\n    \n    \n $186,935,761 \n  100.00%\n\n \n\nSee accompanying notes to the combined financial statements.\n\n \n\nF-4\n\n*Table of Contents*\n\nFRANKLIN TEMPLETON HOLDINGS TRUST\n\nCombined Statements of Operations\n\n \n\n         \n\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2026\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2025\n \n\n \n    \n    \n\nExpenses\n\n    \n    \n\nSponsor's fee\n\n $540,465 \n $142,813 \n\nTotal expenses\n\n  540,465 \n  142,813 \n\nNet investment loss \n  (540,465)\n  (142,813)\n\n \n    \n    \n\nNet realized and change in unrealized gain (loss) on investment in gold\n\n    \n    \n\nNet realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses\n\n  18,201,941 \n  4,270,206 \n\nNet change in unrealized appreciation (depreciation) on investment in gold\n\n  114,446,198 \n  30,460,624 \n\nNet realized and change in unrealized gain (loss) on investment in gold\n\n  132,648,139 \n  34,730,830 \n\nNet increase (decrease) in net assets resulting from operations\n\n  132,107,674 \n  34,588,017 \n\nNet increase (decrease) in net assets per Share(a)\n\n $19.78 \n $12.69 \n\n \n\n(a)\n\nNet increase (decrease) in net assets per Share based on average shares outstanding during the period.\n\n \n\nSee accompanying notes to the combined financial statements.\n\n \n\nF-5\n\n*Table of Contents*\n\nFRANKLIN TEMPLETON HOLDINGS TRUST\n\nCombined Statements of Cash Flows\n\n \n\n         \n\n \n \n\nFor the Year\nEnded\n\nMarch 31, 2026\n \n \n\nFor the Year\nEnded\n\nMarch 31, 2025\n \n\n \n    \n    \n\nCash Flows from Operating Activities:\n\n    \n    \n\nProceeds from gold bullion sold to pay expenses\n\n $491,723 \n $129,448 \n\nExpenses – Sponsor’s fee paid\n\n  (491,723) \n  (129,448) \n\nNet cash provided by (used in) operating activities\n\n   –  \n   –  \n\nIncrease (decrease) in cash\n\n   –  \n   –  \n\nCash, beginning of year\n\n   –  \n   –  \n\nCash, end of year\n\n $ –  \n $ –  \n\n \n    \n    \n\nReconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities:\n\n    \n    \n\nNet increase (decrease) in net assets resulting from operations\n\n $132,107,674 \n $34,588,017 \n\nAdjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:\n\n    \n    \n\nProceeds from gold bullion sold to pay expenses\n\n  491,723 \n  129,448 \n\nNet realized gain (loss)\n\n  (18,201,941) \n  (4,270,206) \n\nNet change in unrealized appreciation (depreciation)\n\n  (114,446,198) \n  (30,460,624) \n\nChange in operating assets and liabilities:\n\n    \n    \n\nSponsor’s fee payable\n\n  48,742 \n  13,365 \n\nNet cash provided by (used in) operating activities:\n\n $ –  \n $ –  \n\n \n    \n    \n\nSupplemental disclosure of non-cash information:\n\n    \n    \n\nGold bullion contributed for Shares issued\n\n $215,191,777 \n $116,418,428 \n\nGold bullion distributed for Shares redeemed\n\n  (58,651,177) \n  (26,173,315) \n\n \n\nSee accompanying notes to the combined financial statements.\n\n \n\nF-6\n\n*Table of Contents*\n\nFRANKLIN TEMPLETON HOLDINGS TRUST\n\nCombined Statements of Changes in Net Assets\n\n \n\n         \n\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2026\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2025\n \n\n \n    \n    \n\nNet assets, beginning of year\n\n $186,935,761 \n $62,102,631 \n\nNet investment loss\n  (540,465)\n  (142,813)\n\nNet realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses\n\n  18,201,941 \n  4,270,206 \n\nNet change in unrealized appreciation (depreciation) on investment in gold\n\n  114,446,198 \n  30,460,624 \n\nNet increase (decrease) in net assets resulting from operations\n\n  132,107,674 \n  34,588,017 \n\nCapital Share Transactions:\n\n    \n    \n\nContributions for Shares issued\n\n  215,191,777 \n  116,418,428 \n\nDistributions for Shares redeemed\n\n  (58,651,177) \n  (26,173,315) \n\nNet increase (decrease) in net assets from capital share transactions\n\n  156,540,600 \n  90,245,113 \n\nNet assets, end of year\n\n $475,584,035 \n $186,935,761 \n\n \n\nSee accompanying notes to the combined financial statements.\n\n \n\nF-7\n\n*Table of Contents*\n\nFRANKLIN TEMPLETON HOLDINGS TRUST\n\nNotes to the Combined Financial Statements\n\n \n\n1. ORGANIZATION\n\n \n\nThe 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. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and is not a commodity pool for purposes of the Commodity Exchange Act (“CEA”). The Trust had no operations prior to the Fund's launch, other than in connection with the organization and registration of the Fund's shares under the Securities Act of 1933, as amended (the \"Securities Act\"). Franklin Holdings, LLC is the Sponsor of the Trust (the “Sponsor”). The Sponsor is not subject to regulation by the Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator with respect to the Fund, or a commodity trading advisor with respect to the Fund. The Fund issues shares (the “Shares”), which represent units of fractional undivided beneficial interest in the Fund. The Shares of the Fund are listed on the NYSE Arca, Inc. (“NYSE Arca”). 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 Fund’s only ordinary recurring expense is the Sponsor’s annual fee of 0.15% of the net asset value (“NAV”) of the Fund. 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 (also referred to herein as “post-2012 gold”). All post-2012 gold has been refined in accordance with London Bullion Market Association’s (“LBMA”) Responsible Gold Guidance (the “Gold Guidance”). The Shares were first listed for trading on NYSE Arca on June 30, 2022.\n\n \n\nBNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or “BNYM,” is the Fund’s Administrator (the “Administrator”) and Transfer Agent (the “Transfer Agent”). BNYM also serves as the custodian of the Fund’s cash (the \"Cash Custodian\"), if any. JPMorgan Chase Bank, N.A., London branch (“JPMorgan”), is the custodian (the “Gold Custodian”) of the Fund’s gold bullion. CSC Delaware Trust Company, a subsidiary of Corporation Service Company, is the Trustee of the Trust. Franklin Distributors, LLC is the marketing agent of the Trust (the “Marketing Agent”).\n\n \n\nShares of the Fund are listed on the NYSE Arca under the ticker symbol “FGDL”. The market price of the Shares may be different from the NAV per Share. Shares may be purchased from the Trust only by certain eligible financial institutions called Authorized Participants and only in one or more blocks of 50,000 Shares (“Creation Units”) in exchange for gold. The Fund issues Shares in Creation Units on a continuous basis at the applicable NAV per Share on the creation order date. Except when aggregated in Creation Units, the Shares are not redeemable securities.\n\n \n\nThe Trust is an “emerging growth company” as that term is used in the Securities Act of 1933, as amended (the “Securities Act”) and, as such, the Trust may elect to comply with certain reduced public company reporting requirements.\n\n \n\nThe accompanying financial statements for the period ended March 31, 2026 and March 31, 2025 have been prepared on behalf of the Trust, as registrant, combined with its one currently offered series, the Fund, and for the Fund separately (included below in a separate section of this report).\n\n \n\nThe fiscal year end of the Trust and the Fund is March 31st.\n\n \n\n2. SIGNIFICANT ACCOUNTING POLICIES\n\n \n\nIn preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), management of the Sponsor makes estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amount of revenue and expenses reported during the period. Actual results could differ from these estimates.\n\n \n\nThe accompanying audited financial statements were prepared in accordance with GAAP for financial information and with the instructions for Form 10-K and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).\n\n \n\nThe following is a summary of significant accounting policies followed by the Trust and the Fund.\n\n \n\n2.1. Basis of Presentation\n\n \n\nThe Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services - Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946.\n\n \n\nThe financial statements are presented for the Trust, as the registrant, combined with the Fund. Financial statements for the Fund presented at the series level are provided separately in this report. For the periods presented, there were no balances or activity for the Trust except for the Fund's operations, as its sole series. These notes to the financial statements relate to the Trust, as the registrant, combined with the Fund. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. Individual, series-level financial statements for the Fund are presented separately within this report.\n\n \n\n2.2. Valuation of Gold\n\n \n\nThe Trust and the Fund follow the provisions of ASC 820, Fair Value Measurements (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\n\n \n\nF-8\n\n*Table of Contents*\n\nThe Fund’s policy is to value the investment in gold bullion at fair value. The NAV is computed based upon the total value of the assets of the Fund (i.e., gold and cash) less its liabilities. The Administrator generally will value any gold bullion held by the Fund on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association. In determining the NAV, the Administrator generally will value the gold bullion held by the Fund on the basis of the LBMA Gold Price PM.\n\n \n\nThe Administrator calculates the NAV on each day NYSE Arca is open for regular trading, at 12:00 PM New York time. If no LBMA Gold Price (AM or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM will be used in the determination of the NAV, unless the Sponsor determines that such price is inappropriate to use as the basis for such determination. If the Sponsor determines that such price is inappropriate to use, it shall identify an alternate basis for evaluation of the gold bullion held by the Fund that the Sponsor determines fairly represents the commercial value of the Fund's gold bullion.\n\n \n\nOnce the value of the gold bullion has been determined, the Administrator subtracts all estimated accrued expenses and other liabilities of the Fund from the total value of the gold bullion and all other assets of the Fund. The resulting figure is the NAV. The NAV is used to compute the Sponsor’s fee. The Administrator determines the NAV per Share by dividing the NAV of the Fund by the number of Shares outstanding as of the close of trading on NYSE Arca.\n\n \n\nASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are:\n\n \n\nLevel 1: Unadjusted quoted prices in active markets for identical assets or liabilities;\n\n \n\nLevel 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and\n\n \n\nLevel 3: Inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments.\n\n \n\nAt March 31, 2026, the value of the gold bullion held by the Fund is categorized as Level 1.\n\n \n\n2.3. Expenses, realized gains and losses\n\n \n\nWhen selling gold to pay expenses, the Sponsor will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize the Fund’s holdings of assets other than gold. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold on the trade date, and such amounts are reported as net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses in the combined statements of operations. Gold transactions are recorded on the trade date. The cost of gold is determined using the specific identification method.\n\n \n\nThe Fund’s only ordinary recurring expense is the Sponsor’s fee of 0.15% of the NAV of the Fund (“Sponsor Fee”). The Sponsor Fee is calculated on a daily basis (accrued at 1/365 of the applicable percentage of total net assets on that day) and is payable by the Fund monthly in arrears. The Fund’s expenses will reduce the NAV of the Fund. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian (the Cash Custodian and Gold Custodian, collectively) and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, up to $500,000 per annum in legal fees and expenses and applicable license fees.\n\n \n\nThe Sponsor is not required to pay any extraordinary or non-routine expenses. Extraordinary expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. The Fund is responsible for the payment of such expenses to the extent any such expenses are incurred. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. The Fund will sell gold on an as-needed basis to pay the Sponsor’s fee.\n\n \n\nThe Fund bears transaction costs, including any other similar transaction fees, in connection with any sales of Gold necessary to pay the Sponsor’s fee, as well as other Fund expenses (if any) that are not assumed by the Sponsor (expenses assumed by the Sponsor are specified above). Any similar transaction fees incurred in connection with the creation or redemption of Creation Units are borne by the Authorized Participant. For the year ended March 31, 2026, the Fund accrued the Sponsor’s fee of $540,465.\n\n \n\n2.4. Gold Receivable and Payable\n\n \n\nGold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Fund’s account. Generally, ownership of the gold is transferred within one business day of the trade date.\n\n \n\n2.5. Creations and redemptions of Shares\n\n \n\nThe Fund creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 50,000 Shares). The creation and redemption of Creation Units is only made in exchange for the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The amount of gold bullion required to be delivered to the Fund in connection with any creation, or paid out upon redemption, is based on the combined NAV of the number of Shares included in the Creation Units being created or redeemed as determined on the day the order to create or redeem Creation Units is properly received and accepted. The standard U.S. settlement cycle for most broker-dealer securities transactions is one business day (T+1). Authorized Participants are the only persons that may place orders to create and redeem Creation Units. All gold bullion must be delivered by Authorized Participants to the Fund and distributed by the Fund in unallocated form through credits and debits between Authorized Participants’ unallocated accounts and the Fund Unallocated Account. All gold bullion must be of at least a minimum fineness (or purity) of 995 parts per 1,000 (99.5%) and otherwise conform to the rules, regulations, practices and customs of the LBMA, including the specifications for a London Good Delivery Bar. The Transfer Agent receives a transaction processing fee in connection with orders from Authorized Participants to create or redeem Creation Units in the amount of $500 per order. These transaction processing fees are paid directly by the Authorized Participants and not by the Fund.\n\n \n\nF-9\n\n*Table of Contents*\n\nPrior to initiating any creation or redemption order, an Authorized Participant must have an existing unallocated account with a London Precious Metals Clearing Limited (“LPMCL”) clearing bank identified by the Authorized Participant to the Custodian and the Sponsor, or an agreement with the Custodian itself establishing an unallocated account in London. An unallocated account is an account with a bullion dealer, which may also be a bank, to which a fine weight amount of gold bullion is credited. Transfers to or from an unallocated account are made by crediting or debiting the number of ounces of gold bullion being deposited or withdrawn. The account holder is entitled to direct the bullion dealer to deliver an amount of physical gold bullion equal to the amount of gold bullion standing to the credit of the unallocated account holder. Gold bullion held in an unallocated account is not segregated from the Custodian’s assets. The account holder therefore has no ownership interest in any specific bars of gold bullion that the bullion dealer holds or owns. The account holder is an unsecured creditor of the bullion dealer, and credits to an unallocated account are at risk of the bullion dealer’s insolvency, in which event it may not be possible for a liquidator to identify any gold bullion held in an unallocated account as belonging to the account holder rather than to the bullion dealer.\n\n \n\nChanges in the Shares for the year from April 1, 2025 to March 31, 2026 are as follows:\n\n \n\n \n \n\nShares\n \n \n\nAmount^\n \n\nBalance at April 1, 2025\n\n 4,500,000 \n$136,536,467 \n\nCreation of Shares\n\n  4,300,000 \n  215,191,777 \n\nRedemption of Shares\n\n  (1,050,000) \n  (58,651,177) \n\nBalance at March 31, 2026\n\n  7,750,000 \n $293,077,067 \n\n \n\nChanges in the Shares for the year from April 1, 2024 to March 31, 2025 are as follows:\n\n \n\n \n \n\nShares\n\n \n \n\nAmount^\n\n \n\nBalance at April 1, 2024\n\n 2,100,000 \n$46,291,354 \n\nCreation of Shares\n\n  3,150,000 \n  116,418,428 \n\nRedemption of Shares\n\n  (750,000) \n  (26,173,315) \n\nBalance at March 31, 2025\n\n  4,500,000 \n $136,536,467 \n\n \n\n^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.\n\n \n\n2.6. Income Taxes\n\n \n\nThe Fund is classified as a “grantor trust” for United States federal income tax purposes. As a result, the Trust and the Fund are not subject to United States federal income tax. Instead, the Fund’s income, gains, losses, and expenses will “flow through” to the Shareholders, and the Administrator reports these to the Internal Revenue Service on that basis.\n\n \n\nThe Sponsor has analyzed applicable tax laws and regulations and their application to the Trust and the Fund as of March 31, 2026 and 2025 and does not believe that there are any uncertain tax positions that require recognition of a tax liability. As of March 31, 2026, the\n2025, 2024 and 2023 tax years remain open for examination. There were no\nexaminations in progress at period end.\n\n \n\n3. INVESTMENT IN GOLD\n\n \n\nThe following represents the changes in ounces of gold held and the respective fair value during the year from April 1, 2025 to March 31, 2026:\n\n \n\n         \n\n \n \n\nAmount in ounces\n \n \n\nAmount in US$\n \n\nBalance at April 1, 2025\n\n  60,016.277 \n $186,956,705 \n\nGold received for the creation of Shares\n\n  57,308.239 \n  215,191,777 \n\nGold distributed for the redemption of Shares\n\n  (13,988.775) \n  (58,651,177) \n\nPrincipal on gold sales to pay expenses\n\n  (120.117) \n  (491,723) \n\nNet realized gain (loss) from gold distributed for the redemptions of shares and sold to pay expenses\n\n   –  \n  18,201,941 \n\nNet change in unrealized appreciation (depreciation) on investment in gold\n\n   –  \n  114,446,198 \n\nBalance at March 31, 2026\n\n  103,215.624 \n $475,653,721 \n\n \n\nThe following represents the changes in ounces of gold held and the respective fair value during the year from April 1, 2024 to March 31, 2025:\n\n \n\n         \n\n \n \n\nAmount in ounces\n \n \n\nAmount in US$\n \n\nBalance at April 1, 2024\n\n  28,048.958 \n $62,110,210 \n\nGold received for the creation of Shares\n\n  42,022.504 \n  116,418,428 \n\nGold distributed for the redemption of Shares\n\n  (10,005.285) \n  (26,173,315) \n\nPrincipal on gold sales to pay expenses\n\n  (49.900) \n  (129,448) \n\nNet realized gain (loss) from gold distributed for the redemptions of shares and sold to pay expenses\n\n   –  \n  4,270,206 \n\nNet change in unrealized appreciation (depreciation) on investment in gold\n\n   –  \n  30,460,624 \n\nBalance at March 31, 2025\n\n  60,016.277 \n $186,956,705 \n\n \n\n4. RELATED PARTIES\n\n \n\nThe Sponsor of the Trust is Franklin Holdings, LLC. The Sponsor is responsible for establishing the Trust and for the registration of the Shares. The Sponsor generally oversees the performance of the Fund’s principal service providers but does not exercise day-to-day oversight over such service providers. The Sponsor, with assistance and support from the Administrator, is responsible for preparing and filing periodic reports on behalf of the Fund with the SEC and will provide any required certification for such reports. The Sponsor has designated the independent registered public accounting firm of the Trust on behalf of the Fund and may from time to time employ legal counsel for the Fund.\n\n \n\nFranklin Distributors, LLC serves as the Marketing Agent of the Fund. The Sponsor and the Marketing Agent are affiliates and each is considered to be a related party to the Trust and the Fund. Franklin Resources, Inc. (“FRI”) is the ultimate parent company of the Sponsor and the Marketing Agent. FRI is the holding company for various subsidiaries that together are referred to as Franklin Templeton Investments.\n\n \n\nF-10\n\n*Table of Contents*\n\nThe Sponsor is a related party of the Trust and the Fund. The Marketing Agent is an affiliate of the Sponsor. Expenses payable to the Marketing Agent, if any, are paid through the Sponsor’s fee.\n\n \n\nThe Trust also considers Franklin Resources, Inc., the ultimate parent company of the Sponsor, to be a related party of the Trust and the Fund. As of March 31, 2026, no shares of the Fund were held by any related party.\n\n \n\n5. CONCENTRATION OF RISK\n\n \n\nThe Fund’s sole business activity is the investment in gold bullion. Several factors could affect the price of gold: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries, and new production projects; (ii) investors’ expectations regarding future inflation rates; (iii) currency exchange rate volatility; (iv) interest rate volatility; and (v) political, economic, global or regional incidents. In addition, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the shares to decline proportionately. Each of these events could have a material effect on the Trust’s and the Fund’s financial position and results of operations.\n\n \n\n6. COMBINED FINANCIAL HIGHLIGHTS\n\n \n\n         \n\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2026\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2025\n \n\n \n    \n    \n\nNet asset value per Share, beginning of year\n\n $41.54 \n $29.57 \n\nNet investment loss(a)\n\n  (0.08) \n  (0.05) \n\nNet realized and unrealized gain (loss) on investment in gold\n\n  19.91 \n  12.02 \n\nNet change in net assets from operations(b)\n\n  19.83 \n  11.97 \n\nNet asset value per Share, end of year\n\n $61.37 \n $41.54 \n\n \n    \n    \n\nTotal return, at net asset value(c)\n\n  47.74%\n  40.48%\n\n \n    \n    \n\nRatio to average net assets\n\n    \n    \n\nNet investment loss\n\n  (0.15)%\n  (0.15)%\n\nNet expenses\n\n  0.15%\n  0.15%\n\n \n\n(a)\n\nCalculated using average Shares outstanding.\n\n(b)\n\nThe amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment.\n\n(c)\n\nCalculated based on the change in net asset value of a Share during the period.\n\n \n\n7. COMMITMENTS AND CONTINGENCIES\n\n \n\nIn the normal course of business, the Trust, on behalf of the Fund, may enter into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.\n\n \n\n8. INDEMNIFICATION\n\n \n\nThe Sponsor will not be liable to the Trust, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold bullion or other assets of the Fund or the Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.\n\n \n\nThe Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith, or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.\n\n \n\nThe Trustee will not be liable or accountable to the Trust or any other person or under any agreement to which the Trust or any series of the Trust is a party, except for the Trustee’s breach of its obligations pursuant to the Declaration of Trust or its own willful misconduct, bad faith or gross negligence. The Trustee and each of the Trustee’s officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence.\n\n \n\nF-11\n\n*Table of Contents*\n\n9. OPERATING SEGMENTS\n\n \n\nThe Fund, which is the sole series of the Trust, and the Trust operate as a single operating segment, which is an investment portfolio. Executive officers of the Fund’s Sponsor perform the functions of the Chief Operating Decision Maker (CODM), evaluating fund-wide results and performance under a unified investment strategy. The CODM uses these measures to assess fund performance and allocate resources effectively. Internal reporting provided to the CODM aligns with the accounting policies and measurement principles used in the financial statements.\n\n \n\nFor information regarding segment assets, segment profit or loss, and significant expenses, refer to the Combined Statements of Assets and Liabilities and the Combined Statements of Operations, along with the related Notes to the Combined Financial Statements. The Combined Schedules of Investments provide details of the Fund's investments that generate returns such as realized and unrealized gains or losses. Performance metrics and expense ratios are disclosed in the Combined Financial Highlights.\n\n \n\n10. SUBSEQUENT EVENTS\n\n \n\nThe Trust and the Fund have evaluated subsequent events through the issuance of the financial statements and determined that no such events have occurred that require disclosure.\n\n \n\nF-12\n\n*Table of Contents*\n\nReport of Independent Registered Public Accounting Firm\n\n \n\nTo the Sponsor of Franklin Templeton Holdings Trust and Shareholders of Franklin Responsibly Sourced Gold ETF\n\n \n\n*Opinion on the Financial Statements*\n\n \n\nWe have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Franklin Responsibly Sourced Gold ETF (the “Fund”) as of March 31, 2026 and 2025, and the related statements of operations, cash flows and changes in net assets for each of the two years in the period ended March 31, 2026, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of March 31, 2026 and 2025, and the results of its operations, its cash flows and changes in its net assets for each of the two years in the period ended March 31, 2026 in conformity with accounting principles generally accepted in the United States of America.\n\n \n\n*Basis for Opinion*\n\n \n\nThese financial statements are the responsibility of the Sponsor’s management. Our responsibility is to express an opinion on the Fund’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.\n\n \n\nWe conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.\n\n \n\nOur audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.\n\n \n\n/s/ PricewaterhouseCoopers LLP\n\nSan Francisco, California\n\nJune 29, 2026\n\n \n\nWe have served as the Fund’s auditor since 2022.\n\n \n\nF-13\n\n*Table of Contents*\n\nFRANKLIN RESPONSIBLY SOURCED GOLD ETF\n\nA SERIES OF FRANKLIN TEMPLETON HOLDINGS TRUST\n\nStatements of Assets and Liabilities\n\n \n\n         \n\n \n  March 31, 2026  \n  March 31, 2025  \n\n \n    \n    \n\nAssets\n\n    \n    \n\nInvestment in gold, at fair value(a)\n\n $475,653,721 \n $186,956,705 \n\nTotal assets\n\n  475,653,721 \n  186,956,705 \n\n \n    \n    \n\nLiabilities\n\n    \n    \n\nSponsor's fee payable\n\n  \n69,686\n \n  \n20,944\n \n\nTotal liabilities\n\n  69,686 \n  20,944 \n\nCommitments and contingencies (Note 7)\n\n  \n \n \n  \n \n \n\nNet assets\n\n $475,584,035 \n $186,935,761 \n\n \n    \n    \n\nShares issued and outstanding(b)\n\n  7,750,000 \n  4,500,000 \n\nNet asset value per Share\n\n $61.37 \n $41.54 \n\n \n\n(a)\n\nCost of investment in gold bullion: $319,559,905 at March 31, 2026 and $145,309,087 at March 31, 2025.\n\n(b)\n\nNo par value, unlimited amount authorized.\n\n \n\nSee accompanying notes to the financial statements.\n\n \n\nF-14\n\n*Table of Contents*\n\nFRANKLIN RESPONSIBLY SOURCED GOLD ETF\n\nA SERIES OF FRANKLIN TEMPLETON HOLDINGS TRUST\n\nSchedules of Investments\n\n \n\n                 \n\nMarch 31, 2026\n\n    \n\n    \n\n    \n\n    \n\n \n\n \n\nOunces of Gold\n \n\n \n\nCost\n \n\n \n\nFair Value\n \n\n \n\nFair Value as a\n\n \n\n% of Net Assets\n \n\nInvestment in gold\n\n  103,215.624 \n\n $319,559,905 \n\n $475,653,721 \n\n  100.01%\n\nTotal investments\n\n  103,215.624 \n\n $319,559,905 \n\n $475,653,721 \n\n  100.01%\n\nLess liabilities\n\n    \n\n    \n\n  (69,686) \n\n  (0.01)%\n\nNet assets\n\n    \n\n    \n\n $475,584,035 \n\n  100.00%\n\n \n\n                 \n\nMarch 31, 2025\n\n    \n\n    \n\n    \n\n    \n\n \n\n \n\nOunces of Gold\n \n\n \n\nCost\n \n\n \n\nFair Value\n \n\n \n\nFair Value as a\n% of Net Assets\n \n\nInvestment in gold\n\n  60,016.277 \n\n $145,309,087 \n\n $186,956,705 \n\n  100.01%\n\nTotal investments\n\n  60,016.277 \n\n $145,309,087 \n\n $186,956,705 \n\n  100.01%\n\nLess liabilities\n\n    \n\n    \n\n  (20,944) \n\n  (0.01)%\n\nNet assets\n\n    \n\n    \n\n $186,935,761 \n\n  100.00%\n\n \n\nSee accompanying notes to the financial statements.\n\n \n\nF-15\n\n*Table of Contents*\n\nFRANKLIN RESPONSIBLY SOURCED GOLD ETF\n\nA SERIES OF FRANKLIN TEMPLETON HOLDINGS TRUST\n\nStatements of Operations\n\n \n\n         \n\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2026\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2025\n \n\n \n    \n    \n\n \n    \n    \n\nExpenses\n\n    \n    \n\nSponsor's fee\n\n $540,465 \n $142,813 \n\nTotal expenses\n\n  540,465 \n  142,813 \n\nNet investment loss\n\n  (540,465) \n  (142,813) \n\n \n    \n    \n\nNet realized and change in unrealized gain (loss) on investment in gold\n\n    \n    \n\nNet realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses\n\n  18,201,941 \n  4,270,206 \n\nNet change in unrealized appreciation (depreciation) on investment in gold\n\n  114,446,198 \n  30,460,624 \n\nNet realized and change in unrealized gain (loss) on investment in gold\n\n  132,648,139 \n  34,730,830 \n\nNet increase (decrease) in net assets resulting from operations\n\n  132,107,674 \n  34,588,017 \n\nNet increase (decrease) in net assets per Share(a)\n\n $19.78 \n $12.69 \n\n \n\n(a)\n\nNet increase (decrease) in net assets per Share based on average shares outstanding during the period.\n\n \n\nSee accompanying notes to the financial statements.\n\n \n\nF-16\n\n*Table of Contents*\n\nFRANKLIN RESPONSIBLY SOURCED GOLD ETF\n\nA SERIES OF FRANKLIN TEMPLETON HOLDINGS TRUST\n\nStatements of Cash Flows\n\n \n\n         \n\n \n \n\nFor the Year\nEnded\n\n \n\nMarch 31, 2026\n \n \n\nFor the Year\nEnded\n\n \n\nMarch 31, 2025\n \n\n \n    \n    \n\nCash Flows from Operating Activities:\n\n    \n    \n\nProceeds from gold bullion sold to pay expenses\n\n $491,723 \n $129,448 \n\nExpenses – Sponsor’s fee paid\n\n  (491,723) \n  (129,448) \n\nNet cash provided by (used in) operating activities\n\n   –  \n   –  \n\nIncrease (decrease) in cash\n\n   –  \n   –  \n\nCash, beginning of year\n\n   –  \n   –  \n\nCash, end of year\n\n $ –  \n $ –  \n\n \n    \n    \n\nReconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities:\n\n    \n    \n\nNet increase (decrease) in net assets resulting from operations\n\n $132,107,674 \n $34,588,017 \n\nAdjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:\n\n    \n    \n\nProceeds from gold bullion sold to pay expenses\n\n  491,723 \n  129,448 \n\nNet realized gain (loss)\n\n  (18,201,941) \n  (4,270,206) \n\nNet change in unrealized appreciation (depreciation)\n\n  (114,446,198) \n  (30,460,624) \n\nChange in operating assets and liabilities:\n\n    \n    \n\nSponsor’s fee payable\n\n  48,742 \n  13,365 \n\nNet cash provided by (used in) operating activities:\n\n $ –    \n $ –    \n\n \n    \n    \n\nSupplemental disclosure of non-cash information:\n\n    \n    \n\nGold bullion contributed for Shares issued\n\n $215,191,777 \n $116,418,428 \n\nGold bullion distributed for Shares redeemed\n\n  (58,651,177) \n  (26,173,315) \n\n \n\nSee accompanying notes to the financial statements.\n\n \n\nF-17\n\n*Table of Contents*\n\nFRANKLIN RESPONSIBLY SOURCED GOLD ETF\n\nA SERIES OF FRANKLIN TEMPLETON HOLDINGS TRUST\n\nStatements of Changes in Net Assets\n\n \n\n         \n\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2026\n \n \n\nFor the Year\n\nEnded\n\nMarch 31, 2025\n \n\n \n    \n    \n\nNet assets, beginning of year\n\n $186,935,761 \n $62,102,631 \n\nNet investment loss\n\n  (540,465) \n  (142,813) \n\nNet realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses\n\n  18,201,941 \n  4,270,206 \n\nNet change in unrealized appreciation (depreciation) on investment in gold\n\n  114,446,198 \n  30,460,624 \n\nNet increase (decrease) in net assets resulting from operations\n\n  132,107,674 \n  34,588,017 \n\nCapital Share Transactions:\n\n    \n    \n\nContributions for Shares issued\n\n  215,191,777 \n  116,418,428 \n\nDistributions for Shares redeemed\n\n  (58,651,177) \n  (26,173,315) \n\nNet increase (decrease) in net assets from capital share transactions\n\n  156,540,600 \n  90,245,113 \n\nNet assets, end of year\n\n $475,584,035 \n $186,935,761 \n\n \n\nSee accompanying notes to the financial statements.\n\n \n\nF-18\n\n*Table of Contents*\n\nFRANKLIN RESPONSIBLY SOURCED GOLD ETF\n\nA SERIES OF FRANKLIN TEMPLETON HOLDINGS TRUST\n\nNotes to Financial Statements\n\n \n\n1. ORGANIZATION\n\n \n\nThe 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. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and is not a commodity pool for purposes of the Commodity Exchange Act (“CEA”). The Trust had no operations prior to the Fund's launch, other than in connection with the organization and registration of the Fund's shares under the Securities Act. Franklin Holdings, LLC is the Sponsor of the Trust (the “Sponsor”). The Sponsor is not subject to regulation by the Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator with respect to the Fund, or a commodity trading advisor with respect to the Fund. The Fund issues shares (the “Shares”), which represent units of fractional undivided beneficial interest in the Fund. The Shares of the Fund are listed on the NYSE Arca, Inc. (“NYSE Arca”). 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 Fund’s only ordinary recurring expense is the Sponsor’s annual fee of 0.15% of the net asset value (“NAV”) of the Fund. 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 (also referred to herein as “post-2012 gold”). All post-2012 gold has been refined in accordance with London Bullion Market Association’s (“LBMA”) Responsible Gold Guidance (the “Gold Guidance”). The Shares were first listed for trading on NYSE Arca on June 30, 2022.\n\n \n\nBNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or “BNYM,” is the Fund’s Administrator (the “Administrator”) and Transfer Agent (the “Transfer Agent”). BNYM also serves as the custodian of the Fund’s cash (the \"Cash Custodian\"), if any. JPMorgan Chase Bank, N.A., London branch (“JPMorgan”), is the custodian (the “Gold Custodian”) of the Fund’s gold bullion. CSC Delaware Trust Company, a subsidiary of Corporation Service Company, is the Trustee of the Trust. Franklin Distributors, LLC is the marketing agent of the Trust (the “Marketing Agent”).\n\n \n\nShares of the Fund are listed on the NYSE Arca under the ticker symbol “FGDL”. The market price of the Shares may be different from the NAV per Share. Shares may be purchased from the Trust only by certain eligible financial institutions called Authorized Participants and only in one or more blocks of 50,000 Shares (“Creation Units”) in exchange for gold. The Fund issues Shares in Creation Units on a continuous basis at the applicable NAV per Share on the creation order date. Except when aggregated in Creation Units, the Shares are not redeemable securities.\n\n \n\nThe Trust is an “emerging growth company” as that term is used in the Securities Act of 1933, as amended (the “Securities Act”) and, as such, the Trust may elect to comply with certain reduced public company reporting requirements.\n\n \n\nThe fiscal year end of the Trust and the Fund is March 31st.\n\n \n\n2. SIGNIFICANT ACCOUNTING POLICIES\n\n \n\nIn preparing financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), management of the Sponsor makes estimates and assumptions that affect the reported amounts of assets, liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amount of revenue and expenses reported during the period. Actual results could differ from these estimates.\n\n \n\nThe accompanying audited financial statements were prepared in accordance with GAAP for financial information and with the instructions for Form 10-K and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).\n\n \n\nThe following is a summary of significant accounting policies followed by the Trust and the Fund.\n\n \n\n2.1. Basis of Presentation\n\n \n\nThe Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services - Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946.\n\n \n\nThe financial statements are presented for the Fund, which is the sole series of the Trust. Financial statements for the Trust, as the registrant, combined with the Fund are provided separately in this report. For the periods presented, there were no balances or activity for the Trust except for the Fund's operations, as its sole series. These notes to the financial statements relate to the Fund, which is the sole series of the Trust. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. Combined financial statements for the Trust as registrant, and the Fund are presented separately within this report.\n\n \n\n2.2. Valuation of Gold\n\n \n\nThe Trust and the Fund follow the provisions of ASC 820, Fair Value Measurements (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\n\n \n\nF-19\n\n*Table of Contents*\n\nThe Fund’s policy is to value the investment in gold bullion at fair value. The NAV is computed based upon the total value of the assets of the Fund (i.e., gold and cash) less its liabilities. The Administrator generally will value any gold bullion held by the Fund on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association. In determining the NAV, the Administrator generally will value the gold bullion held by the Fund on the basis of the LBMA Gold Price PM.\n\n \n\nThe Administrator calculates the NAV on each day NYSE Arca is open for regular trading, at 12:00 PM New York time. If no LBMA Gold Price (AM or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM will be used in the determination of the NAV, unless the Sponsor determines that such price is inappropriate to use as the basis for such determination. If the Sponsor determines that such price is inappropriate to use, it shall identify an alternate basis for evaluation of the gold bullion held by the Fund that the Sponsor determines fairly represents the commercial value of the Fund's gold bullion.\n\n \n\nOnce the value of the gold bullion has been determined, the Administrator subtracts all estimated accrued expenses and other liabilities of the Fund from the total value of the gold bullion and all other assets of the Fund. The resulting figure is the NAV. The NAV is used to compute the Sponsor’s fee. The Administrator determines the NAV per Share by dividing the NAV of the Fund by the number of Shares outstanding as of the close of trading on NYSE Arca.\n\n \n\nASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are:\n\n \n\nLevel 1: Unadjusted quoted prices in active markets for identical assets or liabilities;\n\n \n\nLevel 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and\n\n \n\nLevel 3: Inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments.\n\n \n\nAt March 31, 2026, the value of the gold bullion held by the Fund is categorized as Level 1.\n\n \n\n2.3. Expenses, realized gains and losses\n\n \n\nWhen selling gold to pay expenses, the Sponsor will endeavor to sell the smallest amount of gold needed to pay expenses in order to minimize the Fund’s holdings of assets other than gold. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold on the trade date, and such amounts are reported as net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses in the statements of operations. Gold transactions are recorded on the trade date. The cost of gold is determined using the specific identification method.\n\n \n\nThe Fund’s only ordinary recurring expense is the Sponsor’s fee of 0.15% of the NAV of the Fund (“Sponsor Fee”). The Sponsor Fee is calculated on a daily basis (accrued at 1/365 of the applicable percentage of total net assets on that day) and is payable by the Fund monthly in arrears. The Fund’s expenses will reduce the NAV of the Fund. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian (the Cash Custodian and Gold Custodian, collectively) and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, up to $500,000 per annum in legal fees and expenses and applicable license fees.\n\n \n\nThe Sponsor is not required to pay any extraordinary or non-routine expenses. Extraordinary expenses are fees and expenses which are unexpected or unusual in nature, such as legal claims and liabilities and litigation costs or indemnification or other unanticipated expenses. Extraordinary fees and expenses also include material expenses which are not currently anticipated obligations of the Fund. The Fund is responsible for the payment of such expenses to the extent any such expenses are incurred. Routine operational, administrative and other ordinary expenses are not deemed extraordinary expenses. The Fund will sell gold on an as-needed basis to pay the Sponsor’s fee.\n\n \n\nThe Fund bears transaction\ncosts, including any other similar transaction fees, in connection with any\nsales of Gold necessary to pay the Sponsor’s fee, as well as other Fund\nexpenses (if any) that are not assumed by the Sponsor (expenses assumed by the Sponsor\nare specified above). Any similar transaction fees incurred in connection with\nthe creation or redemption of Creation Units are borne by the Authorized\nParticipant. For the year ended March 31, 2026, the Fund accrued the Sponsor’s\nfee of $540,465.\n\n \n\n2.4. Gold Receivable and Payable\n\n \n\nGold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Fund’s account. Generally, ownership of the gold is transferred within one business day of the trade date.\n\n \n\n2.5. Creations and redemptions of Shares\n\n \n\nThe Fund creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 50,000 Shares). The creation and redemption of Creation Units is only made in exchange for the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The amount of gold bullion required to be delivered to the Fund in connection with any creation, or paid out upon redemption, is based on the combined NAV of the number of Shares included in the Creation Units being created or redeemed as determined on the day the order to create or redeem Creation Units is properly received and accepted. The standard U.S. settlement cycle for most broker-dealer securities transactions is one business day (T+1). Authorized Participants are the only persons that may place orders to create and redeem Creation Units. All gold bullion must be delivered by Authorized Participants to the Fund and distributed by the Fund in unallocated form through credits and debits between Authorized Participants’ unallocated accounts and the Fund Unallocated Account. All gold bullion must be of at least a minimum fineness (or purity) of 995 parts per 1,000 (99.5%) and otherwise conform to the rules, regulations, practices and customs of the LBMA, including the specifications for a London Good Delivery Bar. The Transfer Agent receives a transaction processing fee in connection with orders from Authorized Participants to create or redeem Creation Units in the amount of $500 per order. These transaction processing fees are paid directly by the Authorized Participants and not by the Fund.\n\n \n\nPrior to initiating any creation or redemption order, an Authorized Participant must have an existing unallocated account with a London Precious Metals Clearing Limited (“LPMCL”) clearing bank identified by the Authorized Participant to the Custodian and the Sponsor, or an agreement with the Custodian itself establishing an unallocated account in London. An unallocated account is an account with a bullion dealer, which may also be a bank, to which a fine weight amount of gold bullion is credited. Transfers to or from an unallocated account are made by crediting or debiting the number of ounces of gold bullion being deposited or withdrawn. The account holder is entitled to direct the bullion dealer to deliver an amount of physical gold bullion equal to the amount of gold bullion standing to the credit of the unallocated account holder. Gold bullion held in an unallocated account is not segregated from the Custodian’s assets. The account holder therefore has no ownership interest in any specific bars of gold bullion that the bullion dealer holds or owns. The account holder is an unsecured creditor of the bullion dealer, and credits to an unallocated account are at risk of the bullion dealer’s insolvency, in which event it may not be possible for a liquidator to identify any gold bullion held in an unallocated account as belonging to the account holder rather than to the bullion dealer.\n\n \n\nF-20\n\n*Table of Contents*\n\nChanges\nin the Shares for the year from April 1, 2025 to March 31, 2026 are as follows:\n\n \n\n         \n\n \n  \n\n**Shares**\n\n \n  \n\n**Amount^**\n\n \n\nBalance at April 1, 2025\n\n  4,500,000 \n $136,536,467 \n\nCreation of Shares\n\n  4,300,000 \n  215,191,777 \n\nRedemption of Shares\n\n  (1,050,000) \n  (58,651,177) \n\nBalance at March 31, 2026\n\n  7,750,000 \n $293,077,067 \n\n \n\nChanges\nin the Shares for the year from April 1, 2024 to March 31, 2025 are as follows:\n\n \n\n         \n\n \n  \n\n**Shares**\n\n \n\n  \n\n**Amount^**\n\n \n\nBalance at April 1, 2024\n\n  2,100,000 \n\n $46,291,354 \n\nCreation of Shares\n\n  3,150,000 \n\n  116,418,428 \n\nRedemption of Shares\n\n  (750,000) \n\n  (26,173,315) \n\nBalance at March 31, 2025\n\n  4,500,000 \n\n $136,536,467 \n\n \n\n^ Dollar amount of balance\nrepresents the cumulative fair value of creation of shares less the redemption\nof shares, at the time of the specific creation or redemption.\n\n \n\n2.6. Income Taxes\n\n \n\nThe Fund is classified as a “grantor trust” for United States federal income tax purposes. As a result, the Trust and the Fund are not subject to United States federal income tax. Instead, the Fund’s income, gains, losses, and expenses will “flow through” to the Shareholders, and the Administrator reports these to the Internal Revenue Service on that basis.\n\n \n\nThe Sponsor has analyzed applicable tax laws and regulations and their application to the Fund as of March 31, 2026 and 2025 and does not believe that there are any uncertain tax positions that require recognition of a tax liability. As of March 31, 2026, the\n2025, 2024 and 2023 tax years remain open for examination. There were no\nexaminations in progress at period end.\n\n \n\n3. INVESTMENT IN GOLD\n\n \n\nThe following represents the changes in ounces of gold held and the respective fair value during the year from April 1, 2025 to March 31, 2026:\n\n \n\n         \n\n \n  \n\n**Amount in ounces**\n\n \n  \n\n**Amount in US$**\n\n \n\nBalance\nat April 1, 2025\n\n  60,016.277 \n $186,956,705 \n\nGold\nreceived for the creation of Shares\n\n  57,308.239 \n  215,191,777 \n\nGold\ndistributed for the redemption of Shares\n\n  (13,988.775) \n  (58,651,177) \n\nPrincipal\non gold sales to pay expenses\n\n  (120.117) \n  (491,723) \n\nNet\nrealized gain (loss) from gold distributed for the redemptions of shares and\nsold to pay expenses\n\n   –  \n  18,201,941 \n\nNet\nchange in unrealized appreciation (depreciation) on investment in gold\n\n   –  \n  114,446,198 \n\nBalance\nat March 31, 2026\n\n  103,215.624 \n $475,653,721 \n\n \n\nThe following represents the changes in ounces of gold held and the respective fair value during the year from April 1, 2024 to March 31, 2025:\n\n \n\n         \n\n \n  \n\nAmount in ounces\n\n \n\n  \n\nAmount in US$\n\n \n\nBalance at April 1, 2024\n\n  28,048.958 \n\n $62,110,210 \n\nGold received for the creation of Shares\n\n  42,022.504 \n\n  116,418,428 \n\nGold distributed for the redemption of Shares\n\n  (10,005.285) \n\n  (26,173,315) \n\nPrincipal on gold sales to pay expenses\n\n  (49.900) \n\n  (129,448) \n\nNet realized gain (loss) from gold distributed for the redemptions of shares and sold to pay expenses\n\n   –  \n\n  4,270,206 \n\nNet change in unrealized appreciation (depreciation) on investment in gold\n\n   –  \n\n  30,460,624 \n\nBalance at March 31, 2025\n\n  60,016.277 \n\n $186,956,705 \n\n \n\n4. RELATED PARTIES\n\n \n\nThe Sponsor of the Trust is Franklin Holdings, LLC. The Sponsor is responsible for establishing the Trust and for the registration of the Shares. The Sponsor generally oversees the performance of the Fund’s principal service providers but does not exercise day-to-day oversight over such service providers. The Sponsor, with assistance and support from the Administrator, is responsible for preparing and filing periodic reports on behalf of the Fund with the SEC and will provide any required certification for such reports. The Sponsor has designated the independent registered public accounting firm of the Trust on behalf of the Fund and may from time to time employ legal counsel for the Fund.\n\n \n\nF-21\n\n*Table of Contents*\n\nFranklin Distributors, LLC serves as the Marketing Agent of the Fund. The Sponsor and the Marketing Agent are affiliates and each is considered to be a related party to the Trust and the Fund. Franklin Resources, Inc. (“FRI”) is the ultimate parent company of the Sponsor and the Marketing Agent. FRI is the holding company for various subsidiaries that together are referred to as Franklin Templeton Investments.\n\n \n\nThe Sponsor is a related party of the Trust and the Fund. The Marketing Agent is an affiliate of the Sponsor. Expenses payable to the Marketing Agent, if any, are paid through the Sponsor’s fee.\n\n \n\nThe Trust also considers Franklin Resources, Inc., the ultimate parent company of the Sponsor, to be a related party of the Trust and the Fund. As of March 31, 2026, no shares of the Fund were held by any related party.\n\n \n\n5. CONCENTRATION OF RISK\n\n \n\nThe Fund’s sole business activity is the investment in gold bullion. Several factors could affect the price of gold: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries, and new production projects; (ii) investors’ expectations regarding future inflation rates; (iii) currency exchange rate volatility; (iv) interest rate volatility; and (v) political, economic, global or regional incidents. In addition, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the shares to decline proportionately. Each of these events could have a material effect on the Trust’s and the Fund’s financial position and results of operations.\n\n \n\n6. FINANCIAL HIGHLIGHTS\n\n \n\n         \n\n \n  \n\nFor the Year\n\nEnded\n\nMarch 31, 2026\n \n  \n\nFor the Year\n\nEnded\n\nMarch 31, 2025\n \n\n \n    \n    \n\nNet asset value per Share, beginning of year\n\n $41.54 \n $29.57 \n\nNet investment loss(a)\n\n  (0.08) \n  (0.05) \n\nNet realized and unrealized gain (loss) on investment in gold\n\n  19.91 \n  12.02 \n\nNet change in net assets from operations(b)\n\n  19.83 \n  11.97 \n\nNet asset value per Share, end of year\n\n $61.37 \n $41.54 \n\n \n    \n    \n\nTotal return, at net asset value(c)\n\n  47.74%\n  40.48%\n\n \n    \n    \n\nRatio to average net assets\n\n    \n    \n\nNet investment loss\n\n  (0.15)%\n  (0.15)%\n\nNet expenses\n\n  0.15%\n  0.15%\n\n \n\n(a)\n\nCalculated using average Shares outstanding.\n\n(b)\n\nThe amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment.\n\n(c)\n\nCalculated based on the change in net asset value of a Share during the period.\n\n \n\n7. COMMITMENTS AND CONTINGENCIES\n\n \n\nIn the normal course of business, the Trust, on behalf of the Fund, may enter into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.\n\n \n\n**8. INDEMNIFICATION**\n\n \n\nThe Sponsor will not be liable to the Trust, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold bullion or other assets of the Fund or the Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct.\n\n \n\nThe Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith, or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust.\n\n \n\nThe Trustee will not be liable or accountable to the Trust or any other person or under any agreement to which the Trust or any series of the Trust is a party, except for the Trustee’s breach of its obligations pursuant to the Declaration of Trust or its own willful misconduct, bad faith or gross negligence. The Trustee and each of the Trustee’s officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence.\n\n \n\nF-22\n\n*Table of Contents*\n\n9. OPERATING SEGMENTS\n\n \n\nThe Fund, which is the sole series of the Trust, and the Trust operate as a single operating segment, which is an investment portfolio. Executive officers of the Fund’s Sponsor perform the functions of the Chief Operating Decision Maker (CODM), evaluating fund-wide results and performance under a unified investment strategy. The CODM uses these measures to assess fund performance and allocate resources effectively. Internal reporting provided to the CODM aligns with the accounting policies and measurement principles used in the financial statements.\n\n \n\nFor information regarding segment assets, segment profit or loss, and significant expenses, refer to the Statements of Assets and Liabilities and the Statements of Operations, along with the related Notes to Financial Statements. The Schedules of Investments provide details of the Fund's investments that generate returns such as realized and unrealized gains or losses. Performance metrics and expense ratios are disclosed in the Financial Highlights.\n\n \n\n10. SUBSEQUENT EVENTS\n\n \n\nThe Trust and the Fund have evaluated subsequent events through the issuance of the financial statements and determined that no such events have occurred that require disclosure.\n\n \n\nF-23\n\n*Table of Contents*\n\nSignatures\n\n \n\nPursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned in the capacities* indicated thereunto duly authorized.\n\n \n\nFranklin Holdings, LLC\n\nSponsor of the Franklin Templeton Holdings Trust (registrant)\n\n \n\n    \n\nBy:\n\n/s/ David Mann\n\n \n\n  \n\nDavid Mann*\n\n \n\n  \n\nPresident and Chief Executive Officer\n\n \n\n  \n\n(serving in the capacity of principal executive officer)\n\n \n\n  \n \n \n\nBy:\n\n \n\n/s/ Christopher Kings\n\n \n\n  \n\nChristopher Kings*\n\n \n\n  \n\nChief Financial Officer\n\n \n\n  \n\n(serving in the capacity of principal financial officer)\n\n \n\n  \n \n \n\nDate: June 29, 2026\n\n \n\n \n\n* The registrant is a trust and\nthe person is signing in his capacity as an officer of Franklin Holdings, LLC,\nthe Sponsor of the registrant.\n\n \n\n \n\nhttp://fasb.org/us-gaap/2025#RelatedPartyMember\nhttp://fasb.org/us-gaap/2025#RelatedPartyMember\n\nhttp://fasb.org/us-gaap/2025#RelatedPartyMember\nhttp://fasb.org/us-gaap/2025#RelatedPartyMember\n\n1\n1\n0001858258\nfalse\nFY\nUnlimited\nUnlimited\nUnlimited\nUnlimited\n\n0001858258\n\n2025-04-01\n2026-03-31\n\n0001858258\n\n2025-09-30\n\n0001858258\n\n2026-06-09\n\n0001858258\n\n2026-03-31\n\n0001858258\n\n2025-03-31\n\n0001858258\n\n2024-04-01\n2025-03-31\n\n0001858258\n\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2026-03-31\n\n0001858258\n\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2025-03-31\n\n0001858258\n\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2025-04-01\n2026-03-31\n\n0001858258\n\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2024-04-01\n2025-03-31\n\n0001858258\n\nfgdl:InvestmentInGoldMember\n\n2026-03-31\n\n0001858258\n\nfgdl:InvestmentInGoldMember\n\n2025-03-31\n\n0001858258\n\nfgdl:InvestmentInGoldMember\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2026-03-31\n\n0001858258\n\nfgdl:InvestmentInGoldMember\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2025-03-31\n\n0001858258\n\n2024-03-31\n\n0001858258\n\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2024-03-31\n\n0001858258\n\n2026-01-01\n2026-03-31\n\n0001858258\n\nsrt:MaximumMember\n\n2025-04-01\n2026-03-31\n\n0001858258\n\nfgdl:SponsorMember\n\n2026-03-31\n\n0001858258\n\nsrt:MaximumMember\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2025-04-01\n2026-03-31\n\n0001858258\n\nfgdl:SponsorMember\nfgdl:FranklinResponsiblySourcedGoldEtfMember\n\n2026-03-31\n\niso4217:USD\n\nxbrli:shares\n\niso4217:USD\n\nxbrli:shares\n\nutr:oz\n\nxbrli:pure\n\niso4217:USD\n\ncompsci:item\n\nfgdl:Segment"}