Fri, Jun 7, 6:17 PM (136 days ago)
The Franklin Responsibly Sourced Gold ETF filed an amendment to its Form 10-Q for the quarter ending June 30, 2023. The amendment was made to include separately stated financial statements and schedules for both the Trust and the Fund, and to address SEC staff comments. Key financial highlights for the quarter include: - The Fund's net assets decreased from $113.9 million to $93.3 million, primarily due to a decline in the price of gold and redemptions. - The net asset value (NAV) per share dropped from $26.48 to $25.57. - The Fund's investment in gold bullion decreased from 57,519.498 ounces to 48,807.094 ounces. - The Fund experienced a net investment loss of $38,582 and a net realized and unrealized loss on gold investments of $3.28 million. - 100,000 shares were issued, and 750,000 shares were redeemed during the quarter. The amendment does not introduce new information beyond what was previously disclosed, except for the revised financial statements and certifications. The Fund continues to face risks related to gold price volatility and geopolitical events, particularly the ongoing conflict in Ukraine.