Franklin Responsibly Sourced Gold ETF (NYSE : FGDL ) Stock

The investment objective of the Fund is for the Shares to reflect the performance of the price of gold bullion, less the expenses of the Fund's operations. The Fund pays the Sponsor an annual fee of 0.15%, which is the Fund's only ordinary recurring expense. It is expected that, for many investors, the costs associated with buying and selling the Shares in the secondary market and the payment of the Fund's ongoing expenses will be lower than the costs associated with buying and selling gold bullion and storing and insuring gold bullion in a traditional allocated gold bullion account. The Shares are intended to offer investors an opportunity to participate in the responsibly sourced gold market through an investment in securities. Historically, the logistics of buying, storing and insuring gold have constituted a barrier to entry for some institutional and retail investors alike. The offering of the Shares is intended to overcome these barriers to entry.