Fri, Jun 7, 6:25 PM (92 days ago)
Franklin Responsibly Sourced Gold ETF filed an amendment (10-Q/A) to its original quarterly report for the period ending September 30, 2023, to address SEC comments. The amendment includes separate financial statements for the Trust and the Fund, and updates the certifications by the Principal Executive Officer and Principal Financial Officer. Key financial highlights for the quarter include a 43% decrease in net assets from $113,858,013 to $64,997,673, primarily due to a significant redemption of shares. The Fund's NAV per share dropped from $26.48 to $25.00, driven by a decrease in the price of gold. The Fund's net investment loss was $26,489, while the net realized and unrealized loss on gold investments totaled $1,302,690. The Fund's sole business activity is investing in gold bullion, and it faces risks related to gold price volatility. The Fund's only recurring expense is the Sponsor’s fee of 0.15% of NAV, which is covered by selling gold as needed. The Fund remains an emerging growth company, benefiting from reduced reporting requirements.