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Launched · SEC filings

Franklin Responsibly Sourced Gold ETF

FGDLNYSE ArcaFranklin TempletonB

$52.54+0.83 (+1.61%)

As of Nov 2, 2026, 3:59 PM ET

B67/ 100

Rank 4 of 10 in Physical Gold

B67/100Rank 4 of 10inPhysical Gold
Intraday session: up, 79 prints from 51.71 to 52.54. Range 52.43 to 52.81. Use the arrow keys to read each point.52.0052.2052.4052.8010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$406M
1Y total return
−3.0%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
17.1K sh
52W range
low $51.54high $74.24
Launched
Filings
SEC EDGAR

The ETF.net FGDL Grade

Based on 5 of 6 pillars

B

Score 67 out of 100

Category
Physical Gold⁠
Rank
4 of 10
Six-pillar profile for FGDL. Scores out of 100: Cost 77, Risk 49, Mission 100, Tradability 23, Holdings not scored, Durability 32. Strongest: Mission (100). Weakest: Tradability (23). Based on 5 of 6 pillars.

Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A77 out of 100
    Rank 3 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 9

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C49 out of 100
    Rank 2 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 10 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D32 out of 100
    Rank 9 of 10

Our read on FGDL

ETF.net Research

In short

BGold with a paper trail. FGDL holds only London Good Delivery bars refined since January 1, 2012, the vintage covered by the LBMA's Responsible Gold Guidance, for a 0.15% sponsor fee.

Stated mandate

The Fund seeks to track the price of gold bullion, after deducting expenses. Its assets consist only of gold bullion and cash, if any.

Why people hold it

  • The mandate is written into the trust: only bars refined on or after January 1, 2012, under LBMA guidance that makes refiners document environmental, anti-laundering and human-rights practices.sec.gov
  • At 0.15%, it undercuts SGOL at 0.17%, the other US physical gold fund built around the same post-2012 bar screen.aberdeeninvestments.com
  • Simple plumbing: a grantor trust holding gold bullion and cash only, bars vaulted with JPMorgan in London, valued against the LBMA Gold Price PM.franklintempleton.com
  • Sits in the upper half of the physical gold group on our review, with a fee close to what the category typically charges.

Worth knowing

  • Thinly traded next to the category's giants, so bid-ask spreads can run wider and larger orders take more care.
  • Bullion pays no income, so there is nothing to distribute. The fund has not paid out, and its result is gold's price less the 0.15% fee.
  • Cheaper bullion exists for buyers who do not need the sourcing screen: IAUM at 0.09% and GLDM at 0.10%.

FGDL Performance

Launched Jun 30, 2022

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.
FGDL$9,704
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FGDL $9,704. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FGDL. Periods over one year show the average yearly return.
PeriodFGDL
Year to date−10.2%
1 month−6.4%
3 months−4.3%
1 year−3.0%
3 yearsper year+24.9%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FGDL
YearReturn barFGDL
2026 YTD−10.2%
2025+64.1%
2024+27.3%
2023+12.9%
2022+0.9%

Since listing, Jun 30, 2022

FGDL in the news

FGDL Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

FGDL Risk

Risk pillarC49 out of 100Rank 2 of 10 in Physical Gold
How much the fund’s monthly returns vary, scaled to a year.
19.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.02
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.3%
52 months · trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.41
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FGDL Cost

Compare FGDL and IAUM

Overpaying vs IAUM, cheapest in Physical Gold

$1,239

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FGDL 0.15%

    $3,137

  • IAUM 0.09% Cheapest

    $1,898

$10,000
30 years

Cost over time

  • FGDL 0.15%
  • IAUM 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530FGDL $3,137IAUM $1,898

Year by year

YearFGDLIAUMOverpaying
10$274$165$109
20$1,071$646$425
30$3,137$1,898$1,239

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