Franklin Templeton Holdings Trust (FGDL) 10-Q 14 Aug 24 2024 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Jun. 30, 2024	Aug. 02, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Registrant Name	FRANKLIN TEMPLETON HOLDINGS TRUST
Entity Central Index Key	0001858258
Document Quarterly Report	true
Document Transition Report	false
Current Fiscal Year End Date	--03-31
Entity Incorporation, State or Country Code	DE
Entity Address, State or Province	CA
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity File Number	001-41435
Entity Tax Identification Number	87-6458919
Entity Address, Address Line One	One Franklin Parkway
Entity Address, City or Town	San Mateo
Entity Address, Postal Zip Code	94403-1906
City Area Code	650
Local Phone Number	312-2000
Title of 12(b) Security	Shares of Franklin Responsibly Sourced Gold ETF
Trading Symbol	FGDL
Security Exchange Name	NYSEArca
Entity Common Stock, Shares Outstanding		2,300,000

Combined Statement of Assets an

Combined Statement of Assets and Liabilities - USD ($)		Jun. 30, 2024	Mar. 31, 2024
Assets
Investment in gold, at fair value	[1]	$ 68,467,714	$ 62,110,210
Total assets		68,467,714	62,110,210
Liabilities
Sponsor's fee payable		$ 8,633	$ 7,579
Notes Payable, Current, Related Party, Type [Extensible Enumeration]		Related Party [Member]	Related Party [Member]
Commitments and contingent liabilities
Total liabilities		8,633	7,579
Net assets		$ 68,459,081	$ 62,102,631
Shares issued	[2]	2,200,000	2,100,000
Shares outstanding	[2]	2,200,000	2,100,000
Net asset value per Share		$ 31.12	$ 29.57
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Assets
Investment in gold, at fair value	[1]	$ 68,467,714	$ 62,110,210
Total assets		68,467,714	62,110,210
Liabilities
Sponsor's fee payable		$ 8,633	$ 7,579
Notes Payable, Current, Related Party, Type [Extensible Enumeration]		Related Party [Member]	Related Party [Member]
Commitments and contingent liabilities
Total liabilities		8,633	7,579
Net assets		$ 68,459,081	$ 62,102,631
Shares issued	[2]	2,200,000	2,100,000
Shares outstanding	[2]	2,200,000	2,100,000
Net asset value per Share		$ 31.12	$ 29.57
[1]Cost of investment in gold bullion: $54,050,422 at June 30, 2024 and $50,923,216 at March 31, 2024.[2]No par value, unlimited amount authorized.

Combined Statement of Assets _2

Combined Statement of Assets and Liabilities (Parenthetical) - USD ($)	Jun. 30, 2024	Mar. 31, 2024
Cost of investment	$ 54,050,422	$ 50,923,216
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Cost of investment	$ 54,050,422	$ 50,923,216

Combined Schedule of Investment

Combined Schedule of Investments		Jun. 30, 2024 USD ($) oz	Mar. 31, 2024 USD ($) oz
Ounces of Gold | oz		29,373.939	28,048.958
Cost		$ 54,050,422	$ 50,923,216
Fair Value	[1]	$ 68,467,714	$ 62,110,210
% of Net Assets		100.01%	100.01%
Liabilities in excess of other assets		$ (8,633)	$ (7,579)
Liabilities in excess of other assets, Percentage of Net Assets		(0.01%)	(0.01%)
Net assets		$ 68,459,081	$ 62,102,631
Net assets, Percentage on Net Assets Value		100%	100%
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Ounces of Gold | oz		29,373.939	28,048.958
Cost		$ 54,050,422	$ 50,923,216
Fair Value	[1]	$ 68,467,714	$ 62,110,210
% of Net Assets		100.01%	100.01%
Liabilities in excess of other assets		$ (8,633)	$ (7,579)
Liabilities in excess of other assets, Percentage of Net Assets		(0.01%)	(0.01%)
Net assets		$ 68,459,081	$ 62,102,631
Net assets, Percentage on Net Assets Value		100%	100%
Investment In Gold [Member]
Ounces of Gold | oz		29,373.939	28,048.958
Cost		$ 54,050,422	$ 50,923,216
Fair Value		$ 68,467,714	$ 62,110,210
% of Net Assets		100.01%	100.01%
Investment In Gold [Member] | FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Ounces of Gold | oz		29,373.939	28,048.958
Cost		$ 54,050,422	$ 50,923,216
Fair Value		$ 68,467,714	$ 62,110,210
% of Net Assets		100.01%	100.01%
[1]Cost of investment in gold bullion: $54,050,422 at June 30, 2024 and $50,923,216 at March 31, 2024.

Combined Statement of Operation

Combined Statement of Operations - USD ($)		3 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Expenses
Sponsor's fee		$ 25,549	$ 38,582
Total expenses		25,549	38,582
Net investment loss		(25,549)	(38,582)
Net realized and change in unrealized gain (loss) on investment in gold
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses		5,214	1,741,468
Net change in unrealized appreciation (depreciation) on investment in gold		3,230,298	(5,018,109)
Net realized and change in unrealized gain (loss) on investment in gold		3,235,512	(3,276,641)
Net increase (decrease) in net assets resulting from operations		$ 3,209,963	$ (3,315,223)
Net increase (decrease) in net assets per Share	[1],[2]	$ 1.47	$ (0.85)
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Expenses
Sponsor's fee		$ 25,549	$ 38,582
Total expenses		25,549	38,582
Net investment loss		(25,549)	(38,582)
Net realized and change in unrealized gain (loss) on investment in gold
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses		5,214	1,741,468
Net change in unrealized appreciation (depreciation) on investment in gold		3,230,298	(5,018,109)
Net realized and change in unrealized gain (loss) on investment in gold		3,235,512	(3,276,641)
Net increase (decrease) in net assets resulting from operations		$ 3,209,963	$ (3,315,223)
Net increase (decrease) in net assets per Share	[1],[2]	$ 1.47	$ (0.85)
[1]Net increase (decrease) in net assets per Share based on average shares outstanding during the period.[2]The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment.

Combined Statement of Cash Flow

Combined Statement of Cash Flows - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Proceeds from gold bullion sold to pay expenses	$ 24,495	$ 39,640
Expenses—Sponsor's fee paid	(24,495)	(39,640)
Net cash provided by (used in) operating activities	0	0
Increase (decrease) in cash	0	0
Cash, beginning of period	0	0
Cash, end of period	0	0
Reconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities:
Net increase (decrease) in net assets resulting from operations	3,209,963	(3,315,223)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Proceeds from gold bullion sold to pay expenses	24,495	39,640
Net realized (gain) loss	(5,214)	(1,741,468)
Net change in unrealized (appreciation) depreciation	(3,230,298)	5,018,109
Change in operating assets and liabilities:
Sponsor's fees payable	1,054	(1,058)
Net cash provided by (used in) operating activities	0	0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued	3,146,487	2,695,902
Gold bullion distributed for Shares redeemed	0	(19,919,599)
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Cash Flows from Operating Activities:
Proceeds from gold bullion sold to pay expenses	24,495	39,640
Expenses—Sponsor's fee paid	(24,495)	(39,640)
Net cash provided by (used in) operating activities	0	0
Increase (decrease) in cash	0	0
Cash, beginning of period	0	0
Cash, end of period	0	0
Reconciliation of Net Increase (Decrease) in Net Assets Resulting from Operations to Net Cash Provided by (Used in) Operating Activities:
Net increase (decrease) in net assets resulting from operations	3,209,963	(3,315,223)
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Proceeds from gold bullion sold to pay expenses	24,495	39,640
Net realized (gain) loss	(5,214)	(1,741,468)
Net change in unrealized (appreciation) depreciation	(3,230,298)	5,018,109
Change in operating assets and liabilities:
Sponsor's fees payable	1,054	(1,058)
Net cash provided by (used in) operating activities	0	0
Supplemental disclosure of non-cash information:
Gold bullion contributed for Shares issued	3,146,487	2,695,902
Gold bullion distributed for Shares redeemed	$ 0	$ (19,919,599)

Combined Statement of Changes i

Combined Statement of Changes in Net Assets - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Statement Of Changes In Net Assets [Line Items]
Net assets, beginning of period	$ 62,102,631	$ 113,858,013
Net investment loss	(25,549)	(38,582)
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses	5,214	1,741,468
Net change in unrealized appreciation (depreciation) on investment in gold	3,230,298	(5,018,109)
Net increase (decrease) in net assets resulting from operations	3,209,963	(3,315,223)
Capital Share Transactions:
Contributions for Shares issued	3,146,487	2,695,902
Distributions for Shares redeemed	0	(19,919,599)
Net increase (decrease) in net assets from capital share transactions	3,146,487	(17,223,697)
Net assets, end of period	68,459,081	93,319,093
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Statement Of Changes In Net Assets [Line Items]
Net assets, beginning of period	62,102,631	113,858,013
Net investment loss	(25,549)	(38,582)
Net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses	5,214	1,741,468
Net change in unrealized appreciation (depreciation) on investment in gold	3,230,298	(5,018,109)
Net increase (decrease) in net assets resulting from operations	3,209,963	(3,315,223)
Capital Share Transactions:
Contributions for Shares issued	3,146,487	2,695,902
Distributions for Shares redeemed	0	(19,919,599)
Net increase (decrease) in net assets from capital share transactions	3,146,487	(17,223,697)
Net assets, end of period	$ 68,459,081	$ 93,319,093

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 3,209,963	$ (3,315,223)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization

Organization	3 Months Ended
	Jun. 30, 2024
Organization	1. ORGANIZATION The Franklin Templeton Holdings Trust (the “Trust”) was organized as a Delaware statutory trust on April 19, 2021 and is governed by the Agreement and Declaration of Trust dated as of May 10, 2022. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and is not a commodity pool for purposes of the Commodity Exchange Act (“CEA”). The accompanying financial statements relate to the Trust, as registrant, and the one series that it currently offers, the Franklin Responsibly Sourced Gold ETF (the “Fund”) presented on a combined basis. Separate, series-level financial statements are provided for the Fund in another section of this report. The Trust had no operations prior to the Fund’s launch, other than in connection with the organization and registration of the Fund’s shares. Franklin Holdings, LLC is the Sponsor of the Trust (the “Sponsor”). The Sponsor is not subject to regulation by the Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator with respect to the Fund, or a commodity trading advisor with respect to the Fund. The Fund issues shares (the “Shares”), which represent units of fractional undivided beneficial interest in the Fund. The Shares of the Fund are listed on the NYSE Arca, Inc. (“NYSE Arca”). The investment objective of the Fund is for the Shares to reflect the performance of the price of gold bullion, less the Fund’s expenses. The Fund’s only ordinary recurring expense is the Sponsor’s annual fee of 0.15% of the Net Asset Value (“NAV”) of the Fund. The assets of the Fund include only gold bullion and cash, if any. The Fund seeks to hold only responsibly sourced gold in the Fund’s allocated account. The Fund defines responsibly sourced gold for this purpose as London Good Delivery gold bullion bars that were refined on or after January 1, 2012 (also referred to herein as “post-2012 gold”). All post-2012 gold has been refined in accordance with London Bullion Market Association’s (“LBMA”) Responsible Gold Guidance (the “Gold Guidance”). The Shares were first listed for trading on NYSE Arca on June 30, 2022. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or “BNYM,” is the Fund’s Administrator (the “Administrator”) and Transfer Agent (the “Transfer Agent”). BNYM also serves as the custodian of the Fund’s cash, if any. JPMorgan Chase Bank, N.A., London branch (“JPMorgan”), is the custodian (the “Custodian”) of the Fund’s gold bullion. CSC Delaware Trust Company, a subsidiary of Corporation Service Company, is the Trustee of the Trust. Franklin Distributors, LLC is the marketing agent of the Trust (the “Marketing Agent”). Shares of the Fund are listed on the NYSE Arca under the ticker symbol “FGDL”. The market price of the Shares may be different from the NAV per Share. Shares may be purchased from the Trust only by certain eligible financial institutions called Authorized Participants and only in one or more blocks of 50,000 Shares (“Creation Units”) in exchange for gold. The Fund issues Shares in Creation Units on a continuous basis at the applicable NAV per Share on the creation order date. Except when aggregated in Creation Units, the Shares are not redeemable securities. The Trust is an “emerging growth company” as that term is used in the Securities Act of 1933, as amended (the “Securities Act”) and, as such, the Trust may elect to comply with certain reduced public company reporting requirements. The statement of assets and liabilities and schedule of investments at June 30, 2024 and the statements of operations, cash flows and changes in net assets for the quarter ended June 30, 2024, have been prepared on behalf of the Trust, as registrant, combined with its one currently offered series, the Fund, and for the Fund separately (included below in a separate section of this report), and are unaudited. In the opinion of management of the Sponsor of the Trust, all adjustments (which include normal recurring adjustments) necessary to state fairly the financial position and results of operations for the quarter ended June 30, 2024 have been made. In addition, interim period results are not necessarily indicative of results for a full-year period. These financial statements and the notes thereto should be read in conjunction with the Trust’s and the Fund’s financial statements included in the Annual Report on Form 10-K The fiscal year of the Trust and the Fund is March 31st.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Organization	1. ORGANIZATION The Franklin Templeton Holdings Trust (the “Trust”) was organized as a Delaware statutory trust on April 19, 2021 and is governed by the Agreement and Declaration of Trust dated as of May 10, 2022. The Trust is not registered as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”) and is not a commodity pool for purposes of the Commodity Exchange Act (“CEA”). The Trust currently offers a single series, the Franklin Responsibly Sourced Gold ETF (the “Fund”). The accompanying financial statements relate to the one series that the Trust currently offers, the Franklin Responsibly Sourced Gold ETF (the “Fund”). The Trust had no operations prior to the commencement of operations of the Fund, other than matters relating to its organization and the registration of the Fund under the Securities Act of 1933, as amended (the “Securities Act”). Franklin Holdings, LLC is the Sponsor of the Trust (the “Sponsor”). The Sponsor is not subject to regulation by the Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator with respect to the Fund, or a commodity trading advisor with respect to the Fund. The Fund issues shares (the “Shares”), which represent units of fractional undivided beneficial interest in the Fund. The Shares of the Fund are listed on the NYSE Arca, Inc. (“NYSE Arca”). The investment objective of the Fund is for the Shares to reflect the performance of the price of gold bullion, less the Fund’s expenses. The Fund’s only ordinary recurring expense is the Sponsor’s annual fee of 0.15% of the Net Asset Value (“NAV”) of the Fund. The assets of the Fund include only gold bullion and cash, if any. The Fund seeks to hold only responsibly sourced gold in the Fund’s allocated account. The Fund defines responsibly sourced gold for this purpose as London Good Delivery gold bullion bars that were refined on or after January 1, 2012 (also referred to herein as “post-2012 gold”). All post-2012 gold has been refined in accordance with London Bullion Market Association’s (“LBMA”) Responsible Gold Guidance (the “Gold Guidance”). The Shares were first listed for trading on NYSE Arca on June 30, 2022. BNY Mellon Asset Servicing, a division of The Bank of New York Mellon, or “BNYM,” is the Fund’s Administrator (the “Administrator”) and Transfer Agent (the “Transfer Agent”). BNYM also serves as the custodian of the Fund’s cash, if any. JPMorgan Chase Bank, N.A., London branch (“JPMorgan”), is the custodian (the “Custodian”) of the Fund’s gold bullion. CSC Delaware Trust Company, a subsidiary of Corporation Service Company, is the Trustee of the Trust. Franklin Distributors, LLC is the marketing agent of the Trust (the “Marketing Agent”). Shares of the Fund are listed on the NYSE Arca under the ticker symbol “FGDL”. The market price of the Shares may be different from the NAV per Share. Shares may be purchased from the Trust only by certain eligible financial institutions called Authorized Participants and only in one or more blocks of 50,000 Shares (“Creation Units”) in exchange for gold. The Fund issues Shares in Creation Units on a continuous basis at the applicable NAV per Share on the creation order date. Except when aggregated in Creation Units, the Shares are not redeemable securities. The Trust is an “emerging growth company” as that term is used in the Securities Act of 1933, as amended (the “Securities Act”) and, as such, the Trust may elect to comply with certain reduced public company reporting requirements. The statement of assets and liabilities and schedule of investments at June 30, 2024 and the statements of operations, cash flows and changes in net assets for the quarter ended June 30, 2024, have been prepared on behalf of the Trust, as registrant, combined with its one currently offered series, the Fund (included above in a separate section of this report), and for the Fund separately, and are unaudited. In the opinion of management of the Sponsor of the Trust, all adjustments (which include normal recurring adjustments) necessary to state fairly the financial position and results of operations for the quarter ended June 30, 2024 have been made. In addition, interim period results are not necessarily indicative of results for a full-year period. These financial statements and the notes thereto should be read in conjunction with the Fund’s financial statements included in its Annual Report on Form 10-K The fiscal year of the Trust and the Fund is March 31st.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Line Items]
Significant Accounting Policies	2. SIGNIFICANT ACCOUNTING POLICIES In preparing financial statements in conformity with accounting principles generally accepted in the United States (“G AA The accompanying unaudited financial statements were prepared in accordance with GAAP for interim financial information and with the instructions for Form 10-Q The following is a summary of significant accounting policies followed by the Trust and the Fund. 2.1. Basis of Presentation The Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act. The financial statements are presented for the Trust, as the registrant, combined with the Fund. Financial statements for the Fund presented at the series-level are provided separately in this report. For the periods presented, there were no balances or activity for the Trust except for the Fund’s operations, as its sole series. These notes to the financial statements relate to both the Trust, as the registrant, combined with the Fund. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. 2.2. Valuation of Gold The Trust and the Fund follow the provisions of ASC 820, Fair Value Measurements (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund’s policy is to value the investment in gold bullion at fair value. The NAV is computed based upon the total value of the assets of the Fund (i.e., gold and cash) less its liabilities. The Administrator generally will value any gold bullion held by the Fund on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV, the Administrator generally will value the gold bullion held by the Fund on the basis of the LBMA Gold Price PM. The Administrator calculates the NAV on each day NYSE Arca is open for regular trading, at 12:00 PM New York time. If no LBMA Gold Price (AM or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM will be used in the determination of the NAV, unless the Sponsor determines that such price is inappropriate to use as the basis for such determination. If the Sponsor determines that such price is inappropriate to use, it shall identify an alternate basis for evaluation of the gold bullion held by the Fund that the Sponsor determines fairly represents the commercial value of the Fund’s gold bullion. Gold bullion held by the Fund is reported at fair value on the statement of assets and liabilities. Once the value of the gold bullion has been determined, the Administrator subtracts all estimated accrued expenses and other liabilities of the Fund from the total value of the gold bullion and all other assets of the Fund. The resulting figure is the NAV. The NAV is used to compute the Sponsor’s fee. The Administrator determines the NAV per Share by dividing the NAV of the Fund by the number of Shares outstanding as of the close of trading on NYSE Arca. ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3: Unobservable inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments. At March 31, 2024 and June 30, 2024, the value of the gold bullion held by the Fund is categorized as Level 1. 2.3. Expenses, realized gains and losses When selling gold to pay expenses, the Sponsor will endeavor to sell the smallest amount of gold needed to pay expenses to minimize the Fund’s holdings of assets other than gold. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold on the trade date, and such amounts are reported as net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses in the statement of operations. Gold transactions are recorded on the trade date. The cost of gold is determined using the specific identification method. The Fund’s only ordinary recurring expense is the Sponsor’s fee of 0.15% of the NAV of the Fund (“Sponsor fee”). The Sponsor fee is calculated on a daily basis (accrued at 1/366 of the applicable percentage of total net assets on that day) and is payable by the Fund monthly in arrears. The Fund’s expenses will reduce the NAV of the Fund. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, and up The Sponsor is not required to pay any extraordinary or non-routine as-needed 2.4. Gold Receivable and Payable Gold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Fund’s account. Generally, ownership of the gold is transferred within one business day of the trade date. 2.5. Creations and redemptions of Shares The Fund creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 50,000 Shares). The creation and redemption of Creation Units is only made in exchange for the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The amount of gold bullion required to be delivered to the Fund in connection with any creation, or paid out upon redemption, is based on the combined NAV of the number of Shares included in the Creation Units being created or redeemed as determined on the day the order to create or redeem Creation Units is properly received and accepted. The standard U.S. settlement cycle for most broker-dealer securities transactions is one Prior to initiating any creation or redemption order, an Authorized Participant must have an existing unallocated account with a London Precious Metals Clearing Limited (“LPMCL”) clearing bank identified by the Authorized Participant to the Custodian and the Sponsor, or an agreement with the Custodian itself establishing an unallocated account in London. An unallocated account is an account with a bullion dealer, which may also be a bank, to which a fine weight amount of gold bullion is credited. Transfers to or from an unallocated account are made by crediting or debiting the number of ounces of gold bullion being deposited or withdrawn. The account holder is entitled to direct the bullion dealer to deliver an amount of physical gold bullion equal to the amount of gold bullion standing to the credit of the unallocated account holder. Gold bullion held in an unallocated account is not segregated from the Custodian’s assets. The account holder therefore has no ownership interest in any specific bars of gold bullion that the bullion dealer holds or owns. The account holder is an unsecured creditor of the bullion dealer, and credits to unt Changes in the Shares for the quarter from April 1, 2024 to June 30, 2024 are as follows: Shares Amount^ Balance at April 1, 2024 2,100,000 $ 46,291,354 Creation of Shares 100,000 3,146,487 Redemption of Shares —  —  Balance at June 30, 2024 2,200,000 $ 49,437,841 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. Changes in the Shares for the quarter from April 1, 2023 to June 30, 2023 are as follows: Shares Amount^ Balance at April 1, 2023 4,300,000 $ 104,172,201 Creation of Shares 100,000 2,695,902 Redemption of Shares (750,000 ) (19,919,599 ) Balance at June 30, 2023 3,650,000 $ 86,948,504 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. 2.6. Income Taxes The Fund is classified as a “grantor trust” for United States federal income tax purposes. As a result, the Trust and the Fund are not subject to United States federal income tax. Instead, the Fund’s income, gain, losses, and expenses will “flow through” to the shareholders, and the Administrator reports these to the Internal Revenue Service on that basis. The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust and the Fund as of March 31, 2024 and June 30, 2024 and does not believe that there are any uncertain tax positions that require recognition of a tax liability.
Franklin Responsibly Sourced Gold ETF [Member]
Accounting Policies [Line Items]
Significant Accounting Policies	2. SIGNIFICANT ACCOUNTING POLICIES In preparing financial statements in conformity with accounting principles generally accepted in the United States (“G AA The accompanying unaudited financial statements were prepared in accordance with GAAP for interim financial information and with the instructions for Form 10-Q The following is a summary of significant accounting policies followed by the Trust and the Fund. 2.1. Basis of Presentation The Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act. The financial statements are presented for the Trust, as the registrant, combined with the Fund (in a separate section of this report) and for the Fund individually. For the periods presented, there were no balances or activity for the Trust except for the Fund’s operations, as its sole series. These notes to the financial statements relate to the Fund individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish. 2.2. Valuation of Gold The Trust and the Fund follow the provisions of ASC 820, Fair Value Measurements (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund’s policy is to value the investment in gold bullion at fair value. The NAV is computed based upon the total value of the assets of the Fund (i.e., gold and cash) less its liabilities. The Administrator generally will value any gold bullion held by the Fund on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV, the Administrator generally will value the gold bullion held by the Fund on the basis of the LBMA Gold Price PM. The Administrator calculates the NAV on each day NYSE Arca is open for regular trading, at 12:00 PM New York time. If no LBMA Gold Price (AM or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM will be used in the determination of the NAV, unless the Sponsor determines that such price is inappropriate to use as the basis for such determination. If the Sponsor determines that such price is inappropriate to use, it shall identify an alternate basis for evaluation of the gold bullion held by the Fund that the Sponsor determines fairly represents the commercial value of the Fund’s gold bullion. Gold bullion held by the Fund is reported at fair value on the statement of assets and liabilities. Once the value of the gold bullion has been determined, the Administrator subtracts all estimated accrued expenses and other liabilities of the Fund from the total value of the gold bullion and all other assets of the Fund. The resulting figure is the NAV. The NAV is used to compute the Sponsor’s fee. The Administrator determines the NAV per Share by dividing the NAV of the Fund by the number of Shares outstanding as of the close of trading on NYSE Arca. ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3: Unobservable inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments. At March 31, 2024 and at June 30, 2024, the value of the gold bullion held by the Fund is categorized as Level 1. 2.3. Expenses, realized gains and losses When selling gold to pay expenses, the Sponsor will endeavor to sell the smallest amount of gold needed to pay expenses to minimize the Fund’s holdings of assets other than gold. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold on the trade date, and such amounts are reported as net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses in the statement of operations. Gold transactions are recorded on the trade date. The cost of gold is determined using the specific identification method. The Fund’s only ordinary recurring expense is the Sponsor’s fee of 0.15% of the NAV of the Fund (“Sponsor fee”). The Sponsor fee is calculated on a daily basis (accrued at 1/366 of the applicable percentage of total net assets on that day) and is payable by the Fund monthly in arrears. The Fund’s expenses will reduce the NAV of the Fund. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, and up The Sponsor is not required to pay any extraordinary or non-routine as-needed 2.4. Gold Receivable and Payable Gold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Fund’s account. Generally, ownership of the gold is transferred within one business day of the trade date. 2.5. Creations and redemptions of Shares The Fund creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 50,000 Shares). The creation and redemption of Creation Units is only made in exchange for the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The amount of gold bullion required to be delivered to the Fund in connection with any creation, or paid out upon redemption, is based on the combined NAV of the number of Shares included in the Creation Units being created or redeemed as determined on the day the order to create or redeem Creation Units is properly received and accepted. The standard U.S. settlement cycle for most broker-dealer securities transactions is one Prior to initiating any creation or redemption order, an Authorized Participant must have an existing unallocated account with a London Precious Metals Clearing Limited (“LPMCL”) clearing bank identified by the Authorized Participant to the Custodian and the Sponsor, or an agreement with the Custodian itself establishing an unallocated account in London. An unallocated account is an account with a bullion dealer, which may also be a bank, to which a fine weight amount of gold bullion is credited. Transfers to or from an unallocated account are made by crediting or debiting the number of ounces of gold bullion being deposited or withdrawn. The account holder is entitled to direct the bullion dealer to deliver an amount of physical gold bullion equal to the amount of gold bullion standing to the credit of the unallocated account holder. Gold bullion held in an unallocated account is not segregated from the Custodian’s assets. The account holder therefore has no ownership interest in any specific bars of gold bullion that the bullion dealer holds or owns. The account holder is an unsecured creditor of the bullion dealer, and credits to an unallocated account are at risk of the bullion dealer’s insolvency, in which event it may not be possible for a liquidator to identify any gold bullion held in an unallocated account as belonging to the acco unt Changes in the Shares for the quarter from April 1, 2024 to June 30, 2024 are as follows: Shares Amount^ Balance at April 1, 2024 2,100,000 $ 46,291,354 Creation of Shares 100,000 3,146,487 Redemption of Shares —  —  Balance at June 30, 2024 2,200,000 $ 49,437,841 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. Changes in the Shares for the quarter from April 1, 2023 to June 30, 2023 are as follows: Shares Amount^ Balance at April 1, 2023 4,300,000 $ 104,172,201 Creation of Shares 100,000 2,695,902 Redemption of Shares (750,000 ) (19,919,599 ) Balance at June 30, 2023 3,650,000 $ 86,948,504 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. 2.6. Income Taxes The Fund is classified as a “grantor trust” for United States federal income tax purposes. As a result, the Trust and the Fund are not subject to United States federal income tax. Instead, the Fund’s income, gain, losses, and expenses will “flow through” to the shareholders, and the Administrator reports these to the Internal Revenue Service on that basis. The Sponsor has analyzed applicable tax laws and regulations and their application to the Fund as of March 31, 2024 and June 30, 2024 and does not believe that there are any uncertain tax positions that require recognition of a tax liability.

Investment In Gold

Investment In Gold	3 Months Ended
	Jun. 30, 2024
Investment Holdings, Other than Securities [Line Items]
Investment In Gold	3. INVESTMENT IN GOLD The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2024 to June 30, 2024: Amount in ounces Amount in US$ Balance at April 1, 2024 28,048.958 $ 62,110,210 Gold received for the creation of Shares 1,335.464 3,146,487 Gold distributed for the redemption of Shares —  —  Principal on gold sales to pay expenses (10.483 ) (24,495 ) Net realized gain (loss) from gold transferred to pay expenses —  5,214 Net change in unrealized appreciation (depreciation) on investment in gold —  3,230,298 Balance at June 30, 2024 29,373.939 $ 68,467,714 The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2023 to June 30, 2023: Amount in ounces Amount in US$ Balance at April 1, 2023 57,519.498 $ 113,871,350 Gold received for the creation of Shares 1,337.286 2,695,902 Gold distributed for the redemption of Shares (10,029.82 ) (19,919,599 ) Principal on gold sales to pay expenses (19.87 ) (39,640 ) Net realized gain (loss) from gold transferred to pay expenses —  1,741,468 Net change in unrealized appreciation (depreciation) on investment in gold —  (5,018,109 ) Balance at June 30, 2023 48,807.094 $ 93,331,372
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Investment Holdings, Other than Securities [Line Items]
Investment In Gold	3. INVESTMENT IN GOLD The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2024 to June 30, 2024: Amount in ounces Amount in US$ Balance at April 1, 2024 28,048.958 $ 62,110,210 Gold received for the creation of Shares 1,335.464 3,146,487 Gold distributed for the redemption of Shares —  —  Principal on gold sales to pay expenses (10.483 ) (24,495 ) Net realized gain (loss) from gold transferred to pay expenses —  5,214 Net change in unrealized appreciation (depreciation) on investment —  3,230,298 Balance at June 30, 2024 29,373.939 $ 68,467,714 The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2023 to June 30, 2023: Amount in ounces Amount in US$ Balance at April 1, 2023 57,519.498 $ 113,871,350 Gold received for the creation of Shares 1,337.286 2,695,902 Gold distributed for the redemption of Shares (10,029.82 ) (19,919,599 ) Principal on gold sales to pay expenses (19.87 ) (39,640 ) Net realized gain (loss) from gold transferred to pay expenses —  1,741,468 Net change in unrealized appreciation (depreciation) on investment in gold —  (5,018,109 ) Balance at June 30, 2023 48,807.094 $ 93,331,372

Related Parties

Related Parties	3 Months Ended
	Jun. 30, 2024
Related Party Transaction [Line Items]
Related Parties	4. RELATED PARTIES The Sponsor is a related party of the Trust and the Fund. The Marketing Agent is an affiliate of the Sponsor. Expenses payable to the Marketing Agent, if any, are paid through the Sponsor’s fee. The Trust also considers Franklin Resources, Inc., the ultimate parent company of the Sponsor, to be a related party of the Trust and the Fund. As of June 30, 2024, no shares of the Fund were held by any related party. The Sponsor of the Trust is Franklin Holdings, LLC. The Sponsor is responsible for establishing the Trust and for the registration of the Shares. The Sponsor generally oversees the performance of the Fund’s principal service providers but does not exercise day-to-day Franklin Distributors, LLC serves as the Marketing Agent of the Fund. The Sponsor and the Marketing Agent are affiliates and each is considered to be a related party to the Trust and the Fund. Franklin Resources, Inc. (“FRI”) is the ultimate parent company of the Sponsor and the Marketing Agent. FRI is the holding company for various subsidiaries that together are referred to as Franklin Templeton Investments. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, and up to non-routine
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Related Party Transaction [Line Items]
Related Parties	4. RELATED PARTIES The Sponsor is a related party of the Trust and the Fund. The Marketing Agent is an affiliate of the Sponsor. Expenses payable to the Marketing Agent, if any, are paid through the Sponsor’s fee. The Trust also considers Franklin Resources, Inc., the ultimate parent company of the Sponsor, to be a related party of the Trust and the Fund. As of June 30, 2024, no shares of the Fund were held by any related party. The Sponsor of the Trust is Franklin Holdings, LLC. The Sponsor is responsible for establishing the Trust and for the registration of the Shares. The Sponsor generally oversees the performance of the Fund’s principal service providers but does not exercise day-to-day Franklin Distributors, LLC serves as the Marketing Agent of the Fund. The Sponsor and the Marketing Agent are affiliates and each is considered to be a related party to the Trust and the Fund. Franklin Resources, Inc. (“FRI”) is the ultimate parent company of the Sponsor and the Marketing Agent. FRI is the holding company for various subsidiaries that together are referred to as Franklin Templeton Investments. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, and up to non-routine

Concentration of Risk

Concentration of Risk	3 Months Ended
	Jun. 30, 2024
Concentration Risk [Line Items]
Concentration of Risk	5. CONCENTRATION OF RISK The Fund’s sole business activity is the investment in gold bullion. Several factors could affect the price of gold: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries, and new production projects; (ii) investors’ expectations regarding future inflation rates; (iii) currency exchange rate volatility; (iv) interest rate volatility; and (v) political, economic, global or regional incidents. In addition, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the shares to decline proportionately. Each of these events could have a material effect on the Trust’s and the Fund’s financial position and results of operations.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Concentration Risk [Line Items]
Concentration of Risk	5. CONCENTRATION OF RISK The Fund’s sole business activity is the investment in gold bullion. Several factors could affect the price of gold: (i) global gold supply and demand, which is influenced by such factors as forward selling by gold producers, purchases made by gold producers to unwind gold hedge positions, central bank purchases and sales, and production and cost levels in major gold-producing countries, and new production projects; (ii) investors’ expectations regarding future inflation rates; (iii) currency exchange rate volatility; (iv) interest rate volatility; and (v) political, economic, global or regional incidents. In addition, there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the shares to decline proportionately. Each of these events could have a material effect on the Fund’s financial position and results of operations.

Financial Highlights

Financial Highlights	3 Months Ended
	Jun. 30, 2024
Investment Company, Financial Highlights [Line Items]
Financial Highlights	6. FINANCIAL HIGHLIGHTS For the Three For the Three Net asset value per Share, beginning of period $ 29.57 $ 26.48 Net investment loss (a) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) on investment in gold 1.56 (0.90 ) Net change in net assets from operations (b) 1.55 (0.91 ) Net asset value per Share, end of period $ 31.12 $ 25.57 Total return, at net asset value (c) 5.24 % (3.44 )% Ratio to average net assets (d) Net investment loss (0.15 )% (0.15 )% Net expenses 0.15 % 0.15 % (a) Calculated using average Shares outstanding. (b) The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment. (c) Calculation based on the change in net asset value of a Share during the period. Total return for periods of less than a year are not annualized. (d) Annualized.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Investment Company, Financial Highlights [Line Items]
Financial Highlights	6. FINANCIAL HIGHLIGHTS For the Three For the Three Net asset value per Share, beginning of period $ 29.57 $ 26.48 Net investment loss (a) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) on investment in gold 1.56 (0.90 ) Net change in net assets from operations (b) 1.55 (0.91 ) Net asset value per Share, end of period $ 31.12 $ 25.57 Total return, at net asset value (c) 5.24 % (3.44 )% Ratio to average net assets (d) Net investment loss (0.15 )% (0.15 )% Net expenses 0.15 % 0.15 % (a) Calculated using average Shares outstanding. (b) The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment. (c) Calculation based on the change in net asset value of a Share during the period. Total return for periods of less than a year are not annualized. (d) Annualized.

Commitments And Contingent Liab

Commitments And Contingent Liabilities	3 Months Ended
	Jun. 30, 2024
Commitments And Contingent Liabilities [Line Items]
Commitments And Contingent Liabilities	7. COMMITMENTS AND CONTINGENT LIABILITIES In the normal course of business, the Trust, on behalf of the Fund, may enter into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Commitments And Contingent Liabilities [Line Items]
Commitments And Contingent Liabilities	7. COMMITMENTS AND CONTINGENT LIABILITIES In the normal course of business, the Trust, on behalf of the Fund, may enter into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred.

Indemnification

Indemnification	3 Months Ended
	Jun. 30, 2024
Indemnification [Line Items]
Indemnification	8. INDEMNIFICATION The Sponsor will not be liable to the Trust, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold bullion or other assets of the Fund or the Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct. The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith, or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust. The Trustee will not be liable or accountable to the Trust or any other person or under any agreement to which the Trust or any series of the Trust is a party, except for the Trustee’s breach of its obligations pursuant to the Declaration of Trust or its own willful misconduct, bad faith or gross negligence. The Trustee and each of the Trustee’s officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Indemnification [Line Items]
Indemnification	8. INDEMNIFICATION The Sponsor will not be liable to the Trust, the Trustee or any Shareholder for any action taken or for refraining from taking any action in good faith, or for errors in judgment or for depreciation or loss incurred by reason of the sale of any gold bullion or other assets of the Fund or the Trust. However, the preceding liability exclusion will not protect the Sponsor against any liability resulting from its own gross negligence, bad faith, or willful misconduct. The Sponsor and each of its shareholders, members, directors, officers, employees, affiliates and subsidiaries will be indemnified by the Trust and held harmless against any losses, liabilities or expenses incurred in the performance of its duties under the Declaration of Trust without gross negligence, bad faith, or willful misconduct. The Sponsor may rely in good faith on any paper, order, notice, list, affidavit, receipt, evaluation, opinion, endorsement, assignment, draft or any other document of any kind prima facie properly executed and submitted to it by the Trustee, the Trustee’s counsel or by any other person for any matters arising under the Declaration of Trust. The Sponsor shall in no event be deemed to have assumed or incurred any liability, duty, or obligation to any Shareholder or to the Trustee other than as expressly provided for in the Declaration of Trust. Such indemnity includes payment from the Trust of the costs and expenses incurred in defending against any indemnified claim or liability under the Declaration of Trust. The Trustee will not be liable or accountable to the Trust or any other person or under any agreement to which the Trust or any series of the Trust is a party, except for the Trustee’s breach of its obligations pursuant to the Declaration of Trust or its own willful misconduct, bad faith or gross negligence. The Trustee and each of the Trustee’s officers, affiliates, directors, employees, and agents will be indemnified by the Trust from and against any losses, claims, taxes, damages, reasonable expenses, and liabilities incurred with respect to the creation, operation or termination of the Trust, the execution, delivery or performance of the Declaration of Trust or the transactions contemplated thereby; provided that the indemnified party acted without willful misconduct, bad faith or gross negligence.

Subsequent Events

Subsequent Events	3 Months Ended
	Jun. 30, 2024
Subsequent Event [Line Items]
Subsequent Events	9. SUBSEQUENT EVENTS The Trust and the Fund have evaluated subsequent events through the issuance of the financial statements and determined that no such events have occurred that require disclosure.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Subsequent Event [Line Items]
Subsequent Events	9. SUBSEQUENT EVENTS The Trust and the Fund have evaluated subsequent events through the issuance of the financial statements and determined that no such events have occurred that require disclosure.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Line Items]
Basis of Presentation	2.1. Basis of Presentation The Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act. The financial statements are presented for the Trust, as the registrant, combined with the Fund. Financial statements for the Fund presented at the series-level are provided separately in this report. For the periods presented, there were no balances or activity for the Trust except for the Fund’s operations, as its sole series. These notes to the financial statements relate to both the Trust, as the registrant, combined with the Fund. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish.
Valuation of Gold	2.2. Valuation of Gold The Trust and the Fund follow the provisions of ASC 820, Fair Value Measurements (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund’s policy is to value the investment in gold bullion at fair value. The NAV is computed based upon the total value of the assets of the Fund (i.e., gold and cash) less its liabilities. The Administrator generally will value any gold bullion held by the Fund on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV, the Administrator generally will value the gold bullion held by the Fund on the basis of the LBMA Gold Price PM. The Administrator calculates the NAV on each day NYSE Arca is open for regular trading, at 12:00 PM New York time. If no LBMA Gold Price (AM or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM will be used in the determination of the NAV, unless the Sponsor determines that such price is inappropriate to use as the basis for such determination. If the Sponsor determines that such price is inappropriate to use, it shall identify an alternate basis for evaluation of the gold bullion held by the Fund that the Sponsor determines fairly represents the commercial value of the Fund’s gold bullion. Gold bullion held by the Fund is reported at fair value on the statement of assets and liabilities. Once the value of the gold bullion has been determined, the Administrator subtracts all estimated accrued expenses and other liabilities of the Fund from the total value of the gold bullion and all other assets of the Fund. The resulting figure is the NAV. The NAV is used to compute the Sponsor’s fee. The Administrator determines the NAV per Share by dividing the NAV of the Fund by the number of Shares outstanding as of the close of trading on NYSE Arca. ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3: Unobservable inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments. At March 31, 2024 and June 30, 2024, the value of the gold bullion held by the Fund is categorized as Level 1.
Expenses, realized gains and losses	2.3. Expenses, realized gains and losses When selling gold to pay expenses, the Sponsor will endeavor to sell the smallest amount of gold needed to pay expenses to minimize the Fund’s holdings of assets other than gold. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold on the trade date, and such amounts are reported as net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses in the statement of operations. Gold transactions are recorded on the trade date. The cost of gold is determined using the specific identification method. The Fund’s only ordinary recurring expense is the Sponsor’s fee of 0.15% of the NAV of the Fund (“Sponsor fee”). The Sponsor fee is calculated on a daily basis (accrued at 1/366 of the applicable percentage of total net assets on that day) and is payable by the Fund monthly in arrears. The Fund’s expenses will reduce the NAV of the Fund. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, and up The Sponsor is not required to pay any extraordinary or non-routine as-needed
Gold Receivable and Payable	2.4. Gold Receivable and Payable Gold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Fund’s account. Generally, ownership of the gold is transferred within one business day of the trade date.
Creations and redemptions of Shares	2.5. Creations and redemptions of Shares The Fund creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 50,000 Shares). The creation and redemption of Creation Units is only made in exchange for the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The amount of gold bullion required to be delivered to the Fund in connection with any creation, or paid out upon redemption, is based on the combined NAV of the number of Shares included in the Creation Units being created or redeemed as determined on the day the order to create or redeem Creation Units is properly received and accepted. The standard U.S. settlement cycle for most broker-dealer securities transactions is one Prior to initiating any creation or redemption order, an Authorized Participant must have an existing unallocated account with a London Precious Metals Clearing Limited (“LPMCL”) clearing bank identified by the Authorized Participant to the Custodian and the Sponsor, or an agreement with the Custodian itself establishing an unallocated account in London. An unallocated account is an account with a bullion dealer, which may also be a bank, to which a fine weight amount of gold bullion is credited. Transfers to or from an unallocated account are made by crediting or debiting the number of ounces of gold bullion being deposited or withdrawn. The account holder is entitled to direct the bullion dealer to deliver an amount of physical gold bullion equal to the amount of gold bullion standing to the credit of the unallocated account holder. Gold bullion held in an unallocated account is not segregated from the Custodian’s assets. The account holder therefore has no ownership interest in any specific bars of gold bullion that the bullion dealer holds or owns. The account holder is an unsecured creditor of the bullion dealer, and credits to unt Changes in the Shares for the quarter from April 1, 2024 to June 30, 2024 are as follows: Shares Amount^ Balance at April 1, 2024 2,100,000 $ 46,291,354 Creation of Shares 100,000 3,146,487 Redemption of Shares —  —  Balance at June 30, 2024 2,200,000 $ 49,437,841 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. Changes in the Shares for the quarter from April 1, 2023 to June 30, 2023 are as follows: Shares Amount^ Balance at April 1, 2023 4,300,000 $ 104,172,201 Creation of Shares 100,000 2,695,902 Redemption of Shares (750,000 ) (19,919,599 ) Balance at June 30, 2023 3,650,000 $ 86,948,504 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.
Income Taxes	2.6. Income Taxes The Fund is classified as a “grantor trust” for United States federal income tax purposes. As a result, the Trust and the Fund are not subject to United States federal income tax. Instead, the Fund’s income, gain, losses, and expenses will “flow through” to the shareholders, and the Administrator reports these to the Internal Revenue Service on that basis. The Sponsor has analyzed applicable tax laws and regulations and their application to the Trust and the Fund as of March 31, 2024 and June 30, 2024 and does not believe that there are any uncertain tax positions that require recognition of a tax liability.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Accounting Policies [Line Items]
Basis of Presentation	2.1. Basis of Presentation The Sponsor has determined that the Trust falls within the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies, and has concluded that solely for accounting purposes, the Trust is classified as an Investment Company as defined in ASC 946. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act. The financial statements are presented for the Trust, as the registrant, combined with the Fund (in a separate section of this report) and for the Fund individually. For the periods presented, there were no balances or activity for the Trust except for the Fund’s operations, as its sole series. These notes to the financial statements relate to the Fund individually. The debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the Fund are enforceable only against the assets of the Fund and not against the assets of the Trust generally or any other series that the Trust may establish.
Valuation of Gold	2.2. Valuation of Gold The Trust and the Fund follow the provisions of ASC 820, Fair Value Measurements (“ASC 820”). ASC 820 provides guidance for determining fair value and requires increased disclosure regarding the inputs to valuation techniques used to measure fair value. ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Fund’s policy is to value the investment in gold bullion at fair value. The NAV is computed based upon the total value of the assets of the Fund (i.e., gold and cash) less its liabilities. The Administrator generally will value any gold bullion held by the Fund on the basis of the price of an ounce of gold as determined by the ICE Benchmark Administration Limited (“IBA”), a benchmark administrator, which provides an independently administered auction process, as well as the overall administration and governance for the London Bullion Market Association (the “LBMA”). In determining the NAV, the Administrator generally will value the gold bullion held by the Fund on the basis of the LBMA Gold Price PM. The Administrator calculates the NAV on each day NYSE Arca is open for regular trading, at 12:00 PM New York time. If no LBMA Gold Price (AM or PM) is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM will be used in the determination of the NAV, unless the Sponsor determines that such price is inappropriate to use as the basis for such determination. If the Sponsor determines that such price is inappropriate to use, it shall identify an alternate basis for evaluation of the gold bullion held by the Fund that the Sponsor determines fairly represents the commercial value of the Fund’s gold bullion. Gold bullion held by the Fund is reported at fair value on the statement of assets and liabilities. Once the value of the gold bullion has been determined, the Administrator subtracts all estimated accrued expenses and other liabilities of the Fund from the total value of the gold bullion and all other assets of the Fund. The resulting figure is the NAV. The NAV is used to compute the Sponsor’s fee. The Administrator determines the NAV per Share by dividing the NAV of the Fund by the number of Shares outstanding as of the close of trading on NYSE Arca. ASC 820 established a hierarchy that prioritized inputs to valuation techniques used to measure fair value. The three levels of inputs are: Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities; Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means; and Level 3: Unobservable inputs that are unobservable for the asset or liability, including the Fund’s assumptions used in determining the fair value of investments. At March 31, 2024 and at June 30, 2024, the value of the gold bullion held by the Fund is categorized as Level 1.
Expenses, realized gains and losses	2.3. Expenses, realized gains and losses When selling gold to pay expenses, the Sponsor will endeavor to sell the smallest amount of gold needed to pay expenses to minimize the Fund’s holdings of assets other than gold. A gain or loss is recognized based on the difference between the selling price and the average cost of the gold sold on the trade date, and such amounts are reported as net realized gain (loss) from gold distributed for the redemption of shares and sold to pay expenses in the statement of operations. Gold transactions are recorded on the trade date. The cost of gold is determined using the specific identification method. The Fund’s only ordinary recurring expense is the Sponsor’s fee of 0.15% of the NAV of the Fund (“Sponsor fee”). The Sponsor fee is calculated on a daily basis (accrued at 1/366 of the applicable percentage of total net assets on that day) and is payable by the Fund monthly in arrears. The Fund’s expenses will reduce the NAV of the Fund. In exchange for the Sponsor’s fee, the Sponsor has agreed to assume the ordinary fees and expenses incurred by the Fund, including but not limited to the following: fees charged by the Administrator, the Custodian and the Trustee, NYSE Arca listing fees, typical maintenance and transaction fees of the DTC, SEC registration fees, printing and mailing costs, audit fees and expenses, and up The Sponsor is not required to pay any extraordinary or non-routine as-needed
Gold Receivable and Payable	2.4. Gold Receivable and Payable Gold receivable or payable represents the quantity of gold covered by contractually binding orders for the creation or redemption of Shares respectively, where the gold has not yet been transferred to or from the Fund’s account. Generally, ownership of the gold is transferred within one business day of the trade date.
Creations and redemptions of Shares	2.5. Creations and redemptions of Shares The Fund creates and redeems Shares from time to time, but only in one or more Creation Units (a Creation Unit equals a block of 50,000 Shares). The creation and redemption of Creation Units is only made in exchange for the delivery to the Fund or the distribution by the Fund of the amount of gold bullion represented by the Creation Units being created or redeemed. The amount of gold bullion required to be delivered to the Fund in connection with any creation, or paid out upon redemption, is based on the combined NAV of the number of Shares included in the Creation Units being created or redeemed as determined on the day the order to create or redeem Creation Units is properly received and accepted. The standard U.S. settlement cycle for most broker-dealer securities transactions is one Prior to initiating any creation or redemption order, an Authorized Participant must have an existing unallocated account with a London Precious Metals Clearing Limited (“LPMCL”) clearing bank identified by the Authorized Participant to the Custodian and the Sponsor, or an agreement with the Custodian itself establishing an unallocated account in London. An unallocated account is an account with a bullion dealer, which may also be a bank, to which a fine weight amount of gold bullion is credited. Transfers to or from an unallocated account are made by crediting or debiting the number of ounces of gold bullion being deposited or withdrawn. The account holder is entitled to direct the bullion dealer to deliver an amount of physical gold bullion equal to the amount of gold bullion standing to the credit of the unallocated account holder. Gold bullion held in an unallocated account is not segregated from the Custodian’s assets. The account holder therefore has no ownership interest in any specific bars of gold bullion that the bullion dealer holds or owns. The account holder is an unsecured creditor of the bullion dealer, and credits to an unallocated account are at risk of the bullion dealer’s insolvency, in which event it may not be possible for a liquidator to identify any gold bullion held in an unallocated account as belonging to the acco unt Changes in the Shares for the quarter from April 1, 2024 to June 30, 2024 are as follows: Shares Amount^ Balance at April 1, 2024 2,100,000 $ 46,291,354 Creation of Shares 100,000 3,146,487 Redemption of Shares —  —  Balance at June 30, 2024 2,200,000 $ 49,437,841 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. Changes in the Shares for the quarter from April 1, 2023 to June 30, 2023 are as follows: Shares Amount^ Balance at April 1, 2023 4,300,000 $ 104,172,201 Creation of Shares 100,000 2,695,902 Redemption of Shares (750,000 ) (19,919,599 ) Balance at June 30, 2023 3,650,000 $ 86,948,504 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.
Income Taxes	2.6. Income Taxes The Fund is classified as a “grantor trust” for United States federal income tax purposes. As a result, the Trust and the Fund are not subject to United States federal income tax. Instead, the Fund’s income, gain, losses, and expenses will “flow through” to the shareholders, and the Administrator reports these to the Internal Revenue Service on that basis. The Sponsor has analyzed applicable tax laws and regulations and their application to the Fund as of March 31, 2024 and June 30, 2024 and does not believe that there are any uncertain tax positions that require recognition of a tax liability.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	3 Months Ended
	Jun. 30, 2024
Accounting Policies [Line Items]
Summary of Changes in Shares	Changes in the Shares for the quarter from April 1, 2024 to June 30, 2024 are as follows: Shares Amount^ Balance at April 1, 2024 2,100,000 $ 46,291,354 Creation of Shares 100,000 3,146,487 Redemption of Shares —  —  Balance at June 30, 2024 2,200,000 $ 49,437,841 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. Changes in the Shares for the quarter from April 1, 2023 to June 30, 2023 are as follows: Shares Amount^ Balance at April 1, 2023 4,300,000 $ 104,172,201 Creation of Shares 100,000 2,695,902 Redemption of Shares (750,000 ) (19,919,599 ) Balance at June 30, 2023 3,650,000 $ 86,948,504 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Accounting Policies [Line Items]
Summary of Changes in Shares	Changes in the Shares for the quarter from April 1, 2024 to June 30, 2024 are as follows: Shares Amount^ Balance at April 1, 2024 2,100,000 $ 46,291,354 Creation of Shares 100,000 3,146,487 Redemption of Shares —  —  Balance at June 30, 2024 2,200,000 $ 49,437,841 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption. Changes in the Shares for the quarter from April 1, 2023 to June 30, 2023 are as follows: Shares Amount^ Balance at April 1, 2023 4,300,000 $ 104,172,201 Creation of Shares 100,000 2,695,902 Redemption of Shares (750,000 ) (19,919,599 ) Balance at June 30, 2023 3,650,000 $ 86,948,504 ^ Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.

Investment In Gold (Tables)

Investment In Gold (Tables)	3 Months Ended
	Jun. 30, 2024
Investment Holdings, Other than Securities [Line Items]
Summary of Changes in Ounces of Gold Held And Respective Fair Value	The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2024 to June 30, 2024: Amount in ounces Amount in US$ Balance at April 1, 2024 28,048.958 $ 62,110,210 Gold received for the creation of Shares 1,335.464 3,146,487 Gold distributed for the redemption of Shares —  —  Principal on gold sales to pay expenses (10.483 ) (24,495 ) Net realized gain (loss) from gold transferred to pay expenses —  5,214 Net change in unrealized appreciation (depreciation) on investment in gold —  3,230,298 Balance at June 30, 2024 29,373.939 $ 68,467,714 The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2023 to June 30, 2023: Amount in ounces Amount in US$ Balance at April 1, 2023 57,519.498 $ 113,871,350 Gold received for the creation of Shares 1,337.286 2,695,902 Gold distributed for the redemption of Shares (10,029.82 ) (19,919,599 ) Principal on gold sales to pay expenses (19.87 ) (39,640 ) Net realized gain (loss) from gold transferred to pay expenses —  1,741,468 Net change in unrealized appreciation (depreciation) on investment in gold —  (5,018,109 ) Balance at June 30, 2023 48,807.094 $ 93,331,372
Franklin Responsibly Sourced Gold ETF [Member]
Investment Holdings, Other than Securities [Line Items]
Summary of Changes in Ounces of Gold Held And Respective Fair Value	The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2024 to June 30, 2024: Amount in ounces Amount in US$ Balance at April 1, 2024 28,048.958 $ 62,110,210 Gold received for the creation of Shares 1,335.464 3,146,487 Gold distributed for the redemption of Shares —  —  Principal on gold sales to pay expenses (10.483 ) (24,495 ) Net realized gain (loss) from gold transferred to pay expenses —  5,214 Net change in unrealized appreciation (depreciation) on investment —  3,230,298 Balance at June 30, 2024 29,373.939 $ 68,467,714 The following represents the changes in ounces of gold held and the respective fair value during the quarter April 1, 2023 to June 30, 2023: Amount in ounces Amount in US$ Balance at April 1, 2023 57,519.498 $ 113,871,350 Gold received for the creation of Shares 1,337.286 2,695,902 Gold distributed for the redemption of Shares (10,029.82 ) (19,919,599 ) Principal on gold sales to pay expenses (19.87 ) (39,640 ) Net realized gain (loss) from gold transferred to pay expenses —  1,741,468 Net change in unrealized appreciation (depreciation) on investment in gold —  (5,018,109 ) Balance at June 30, 2023 48,807.094 $ 93,331,372

Financial Highlights (Tables)

Financial Highlights (Tables)	3 Months Ended
	Jun. 30, 2024
Investment Company, Financial Highlights [Line Items]
Summary of Financial Highlights	For the Three For the Three Net asset value per Share, beginning of period $ 29.57 $ 26.48 Net investment loss (a) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) on investment in gold 1.56 (0.90 ) Net change in net assets from operations (b) 1.55 (0.91 ) Net asset value per Share, end of period $ 31.12 $ 25.57 Total return, at net asset value (c) 5.24 % (3.44 )% Ratio to average net assets (d) Net investment loss (0.15 )% (0.15 )% Net expenses 0.15 % 0.15 % (a) Calculated using average Shares outstanding. (b) The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment. (c) Calculation based on the change in net asset value of a Share during the period. Total return for periods of less than a year are not annualized. (d) Annualized.
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Investment Company, Financial Highlights [Line Items]
Summary of Financial Highlights	For the Three For the Three Net asset value per Share, beginning of period $ 29.57 $ 26.48 Net investment loss (a) (0.01 ) (0.01 ) Net realized and unrealized gain (loss) on investment in gold 1.56 (0.90 ) Net change in net assets from operations (b) 1.55 (0.91 ) Net asset value per Share, end of period $ 31.12 $ 25.57 Total return, at net asset value (c) 5.24 % (3.44 )% Ratio to average net assets (d) Net investment loss (0.15 )% (0.15 )% Net expenses 0.15 % 0.15 % (a) Calculated using average Shares outstanding. (b) The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment. (c) Calculation based on the change in net asset value of a Share during the period. Total return for periods of less than a year are not annualized. (d) Annualized.

Organization - Additional Infor

Organization - Additional Information (Detail)	Jun. 30, 2024 shares
Sponsor fee payable on net asset value of the fund percentage	0.15%
Common stock, shares authorized	50,000
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Sponsor fee payable on net asset value of the fund percentage	0.15%
Common stock, shares authorized	50,000

Significant Accounting Polici_4

Significant Accounting Policies - Summary of Changes in Shares (Detail) - USD ($)		3 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Summary of Changes in The Shares Issued and Outstanding [Line Items]
Beginning Balance (in Shares)		2,100,000	4,300,000
Beginning Balance	[1]	$ 46,291,354	$ 104,172,201
Creation of Shares (in Shares)		100,000	100,000
Creation of Shares	[1]	$ 3,146,487	$ 2,695,902
Redemption of Shares (in Shares)		0	(750,000)
Redemption of Shares	[1]	$ 0	$ (19,919,599)
Ending Balance (in Shares)		2,200,000	3,650,000
Ending Balance	[1]	$ 49,437,841	$ 86,948,504
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Summary of Changes in The Shares Issued and Outstanding [Line Items]
Beginning Balance (in Shares)		2,100,000	4,300,000
Beginning Balance	[1]	$ 46,291,354	$ 104,172,201
Creation of Shares (in Shares)		100,000	100,000
Creation of Shares	[1]	$ 3,146,487	$ 2,695,902
Redemption of Shares (in Shares)		0	(750,000)
Redemption of Shares	[1]	$ 0	$ (19,919,599)
Ending Balance (in Shares)		2,200,000	3,650,000
Ending Balance	[1]	$ 49,437,841	$ 86,948,504
[1]Dollar amount of balance represents the cumulative fair value of creation of shares less the redemption of shares, at the time of the specific creation or redemption.

Significant Accounting Polici_5

Significant Accounting Policies - Additional Information (Detail)	3 Months Ended
	Jun. 30, 2024 USD ($) shares
Accounting Policies [Line Items]
Sponsor fee payable on net asset value of the fund percentage	0.15%
Maximum threshold fund expenses borne by sponsor	$ 500,000
Number of share per creation unit | shares	50,000
Transfer agent transaction processing fee per order	$ 500
Income tax examination description	as of March 31, 2024 and June 30, 2024 and does not believe that there are any uncertain tax positions that require recognition of a tax liability.
Standard settlement cycle for broker dealer securities transactions description	T+1
Number of business days to transfer ownership of gold from trade date	1 day
Gold bullion minimum fineness description	995 parts per 1,000 (99.5%)
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Accounting Policies [Line Items]
Sponsor fee payable on net asset value of the fund percentage	0.15%
Maximum threshold fund expenses borne by sponsor	$ 500,000
Number of share per creation unit | shares	50,000
Transfer agent transaction processing fee per order	$ 500
Income tax examination description	as of March 31, 2024 and June 30, 2024 and does not believe that there are any uncertain tax positions that require recognition of a tax liability.
Standard settlement cycle for broker dealer securities transactions description	T+1
Number of business days to transfer ownership of gold from trade date	1 day
Gold bullion minimum fineness description	995 parts per 1,000 (99.5%)

Investment In Gold - Summary of

Investment In Gold - Summary of Changes in Ounces of Gold Held And Respective Fair Value (Detail)	3 Months Ended
	Jun. 30, 2024 USD ($) oz		Jun. 30, 2023 USD ($) oz
Investment Holdings, Other than Securities [Line Items]
Beginning Balance (Amount in Ounces) | oz	28,048.958		57,519.498
Beginning Balance (Amount in US) | $	$ 62,110,210	[1]	$ 113,871,350
Gold received for the creation of Shares (Amount in Ounces) | oz	1,335.464		1,337.286
Gold received for the creation of Shares (Amount in US) | $	$ 3,146,487		$ 2,695,902
Gold distributed for the redemption of Shares (Amount in Ounces) | oz	0		(10,029.82)
Gold distributed for the redemption of Shares (Amount in US) | $	$ 0		$ (19,919,599)
Principal on gold sales to pay expenses (Amount in Ounces) | oz	(10.483)		(19.87)
Principal on gold sales to pay expenses (Amount in US) | $	$ (24,495)		$ (39,640)
Net realized gain (loss) from gold transferred to pay expenses (Amount in Ounces) | oz	0		0
Net realized gain (loss) from gold transferred to pay expenses (Amount in US) | $	$ 5,214		$ 1,741,468
Net change in unrealized appreciation (depreciation) on investment in gold (Amount in ounces) | oz	0		0
Net change in unrealized appreciation (depreciation) on investment in gold (Amount in US) | $	$ 3,230,298		$ (5,018,109)
Ending Balance (Amount in Ounces) | oz	29,373.939		48,807.094
Ending Balance (Amount in US) | $	$ 68,467,714	[1]	$ 93,331,372
Franklin Responsibly Sourced Gold ETF [Member]
Investment Holdings, Other than Securities [Line Items]
Beginning Balance (Amount in Ounces) | oz	28,048.958		57,519.498
Beginning Balance (Amount in US) | $	$ 62,110,210	[1]	$ 113,871,350
Gold received for the creation of Shares (Amount in Ounces) | oz	1,335.464		1,337.286
Gold received for the creation of Shares (Amount in US) | $	$ 3,146,487		$ 2,695,902
Gold distributed for the redemption of Shares (Amount in Ounces) | oz	0		(10,029.82)
Gold distributed for the redemption of Shares (Amount in US) | $	$ 0		$ (19,919,599)
Principal on gold sales to pay expenses (Amount in Ounces) | oz	(10.483)		(19.87)
Principal on gold sales to pay expenses (Amount in US) | $	$ (24,495)		$ (39,640)
Net realized gain (loss) from gold transferred to pay expenses (Amount in Ounces) | oz	0		0
Net realized gain (loss) from gold transferred to pay expenses (Amount in US) | $	$ 5,214		$ 1,741,468
Net change in unrealized appreciation (depreciation) on investment in gold (Amount in ounces) | oz	0		0
Net change in unrealized appreciation (depreciation) on investment in gold (Amount in US) | $	$ 3,230,298		$ (5,018,109)
Ending Balance (Amount in Ounces) | oz	29,373.939		48,807.094
Ending Balance (Amount in US) | $	$ 68,467,714	[1]	$ 93,331,372
[1]Cost of investment in gold bullion: $54,050,422 at June 30, 2024 and $50,923,216 at March 31, 2024.

Related Parties - Additional In

Related Parties - Additional Information (Detail) - Sponsor [Member]	3 Months Ended
	Jun. 30, 2024 USD ($) shares
Related Party Transaction [Line Items]
Number of shares held by related party | shares	0
Related party transaction expenses | $	$ 500,000
Franklin Responsibly Sourced Gold ETF [Member]
Related Party Transaction [Line Items]
Number of shares held by related party | shares	0
Related party transaction expenses | $	$ 500,000

Financial Highlights - Summary

Financial Highlights - Summary of Financial Highlights (Detail) - $ / shares	3 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Investment Company, Financial Highlights [Line Items]
Net asset value per Share, beginning of period	$ 29.57	$ 26.48
Net investment loss	(0.01)	(0.01)
Net realized and unrealized gain (loss) on investment in gold	1.56	(0.9)
Net change in net assets from operations	1.55	(0.91)
Net asset value per Share, end of period	$ 31.12	$ 25.57
Total return, at net asset value	5.24%	(3.44%)
Ratio to average net assets
Net investment loss	(0.15%)	(0.15%)
Net expenses	0.15%	0.15%
FRANKLIN RESPONSIBLY SOURCED GOLD ETF [Member]
Investment Company, Financial Highlights [Line Items]
Net asset value per Share, beginning of period	$ 29.57	$ 26.48
Net investment loss	(0.01)	(0.01)
Net realized and unrealized gain (loss) on investment in gold	1.56	(0.9)
Net change in net assets from operations	1.55	(0.91)
Net asset value per Share, end of period	$ 31.12	$ 25.57
Total return, at net asset value	5.24%	(3.44%)
Ratio to average net assets
Net investment loss	(0.15%)	(0.15%)
Net expenses	0.15%	0.15%