Franklin Templeton Holdings Trust recently released the financial report for their Franklin Responsibly Sourced Gold ETF, a series dedicated to the investment in responsibly sourced gold. With an impressive 100.01% of the net assets held in gold investments as of March 31, 2023, the ETF is proving to be an attractive option for investors interested in both the precious metal and responsible sourcing.
The Franklin Responsibly Sourced Gold ETF is part of the Franklin Templeton Group of Funds, which has been served by PricewaterhouseCoopers LLP as the auditor since 1948. The ETF aims to reflect the performance of the price of gold bullion, minus the Fund’s expenses. As of March 31, 2023, the total assets amounted to $113,871,350, with liabilities at $13,337. This brings the net assets to $113,858,013, with a net asset value per share of $26.48.
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Responsible Sourcing and Environmental Consciousness
In its pursuit of responsible sourcing, the ETF only holds London Good Delivery gold bullion bars that have been refined on or after January 1, 2012. This guarantees that all gold held by the Fund meets the London Bullion Market Association’s (LBMA) Responsible Gold Guidance. This approach is both environmentally-conscious and aligns with the increasing focus on sustainable investment choices.
As of March 31, 2023, the ETF had invested in 57,519.498 ounces of gold, with a cost of $104,131,755 and a fair value of $113,871,350. This significant investment in gold indicates the ETF’s strong dedication to the precious metal, and its commitment to responsible sourcing.
Performance and Net Assets
In terms of performance, the Fund saw a net increase of $9,685,812 in net assets resulting from operations for the period from May 24, 2022, to March 31, 2023. This increase is attributed to the net realized and change in unrealized gain on investment in gold of $9,739,743, offset by the net investment loss of $53,931. This resulted in a net increase in net assets per share of $5.47.
The Franklin Responsibly Sourced Gold ETF’s approach to investing in responsibly sourced gold demonstrates its commitment to environmental and social responsibility. With a significant portion of the net assets held in gold investments, the ETF offers an attractive option for investors who are interested not only in gold but also in making sustainable investment choices.
Valuation and Transparency
To maintain its commitment to responsible sourcing, the ETF ensures that its gold investments are valued based on the London Bullion Market Association’s (LBMA) Gold Price PM. By relying on this independently administered and reputable source, the Fund guarantees that its assets are valued appropriately and transparently.
Overall, the Franklin Responsibly Sourced Gold ETF presents a unique opportunity for investors interested in the precious metals market while prioritizing responsible and sustainable sourcing practices. With a strong performance to date, the Fund offers potential for those seeking to invest in gold responsibly.
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