Tue, Nov 12, 7:35 PM (94 days ago)
For the quarter ending September 30, 2024, Franklin Templeton Holdings Trust (Ticker: FGDL) reported a significant increase in net assets, rising from $62,102,631 to $85,988,207, primarily driven by a notable appreciation in gold prices. The net asset value per share (NAV) increased from $29.57 to $35.10, reflecting a 12.79% total return at NAV. The Fund's investment in gold reached $85,998,011 at fair value, with a cost basis of $62,561,734, indicating strong unrealized gains. During the quarter, the Fund issued 250,000 shares in exchange for 3,336.631 ounces of gold, with no shares redeemed. The Sponsor's fee for the quarter totaled $28,305, while net realized gains from gold transactions amounted to $6,556, complemented by a robust unrealized appreciation of $9,018,985. Overall, the Fund's financial health improved markedly compared to the same period in 2023, where it faced a net decrease in assets. The ongoing reliance on gold prices poses risks, yet the current trajectory suggests a positive outlook for the Fund's operations and performance.