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FGDL

GradeBNew York Stock Exchange Arca

Franklin Responsibly Sourced Gold ETF

Commodities · Franklin Templeton · Inception 2022-06-30 · SEC filings

$57.08−1.04 (−1.79%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Jun 30, 2022.
Intraday session: down, 69 prints from 58.12 to 57.08. Range 56.88 to 57.42. Use the arrow keys to read each point.$57.00$57.20$57.4010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$443M
1Y return
+16.0%
Yield · Last 12 months
—
Holdings
2
Volume · 30D
0M sh
NAV per share
$57.54
52W range
low $49.58high $74.24

The ETF.net FGDL Grade

B

67/ 100

Rank 4 of 10 in Physical Gold⁠

Confidence Medium

Six-pillar profile for FGDL. Scores out of 100: Cost 77, Risk 49, Mission 100, Tradability 24, Holdings not scored, Durability 32. Strongest: Mission (100). Weakest: Tradability (24). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 77
    Category rank3/10 · top 30%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank3/9 · top 33%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 49
    Category rank3/9 · top 33%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank9/10 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 32
    Category rank9/10 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on FGDL

ETF.net Research

BGold in a vault, with two twists: the bars come with Franklin's responsible-sourcing label, and the fund charges nothing to hold them. Assets are bullion and cash, full stop.

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

  1. 01A 0.00% expense ratio in a cohort whose median is 0.17%. Even the cheap giants charge something (GLDM 0.10%, IAUM 0.09%, GLD 0.40%).
  2. 02Simple plumbing: a grantor trust that holds gold bullion and cash and tracks the metal's price after expenses. No futures, no swaps, no miners.
  3. 03The responsible-sourcing standard is the pitch in a group where every fund owns the same metal, and Franklin spells it out in the trust's own filings.
  4. 04Does what it says: mandate, wrapper and holdings all line up, and it sits in the upper half of the physical gold cohort.

Worth knowing

  1. 01Thinly traded next to the category's heavyweights, which can mean wider bid/ask spreads on the way in and out.
  2. 02Bullion pays no income, and the fund makes no distributions. The gold price, less costs, is the whole story.
  3. 03Launched in 2022 and far smaller than the decade-old gold trusts, so the track record is short by cohort standards.

FGDL Holdings

As of Sep 22, 2026, 9:39 PM
Asset class
Other
Holdings
2
Top-10 weight
100%
Largest holding
GOLD OZ.100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—GOLD OZ.100.01%102,470$443M1

Showing 1–1 of 1 holdings

FGDL Performance

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

FGDL$11,603
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FGDL $11,603. SPY $11,723. Use the arrow keys to read each point.$9,142$11,965$14,787Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+0.9%
1 month−5.5%
3 months+4.0%
1 year+16.0%
3 years+31.2%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+0.9%
2025+64.1%
2024+27.3%
2023+12.9%
2022+0.9%

Since listing, Jun 30, 2022

FGDL in the news

ETF.net Research hasn’t filed on FGDL yet — coverage lands here as it’s written.

FGDL Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

FGDL Risk

How much the fund’s monthly returns vary, scaled to a year.
18.8%
Annualised · 36 months to Aug 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.
1.33
vs 3-month T-bills · to Aug 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.
−26.6%
50 months · trough Jul 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.

FGDL Cost

Expense ratio0.15%
  • The middle half of Physical Gold funds
  • Median 0.17%

2 of the 10 Physical Gold funds charge less.

FGDL costs $15.00 a year on $10,000. The median Physical Gold fund costs $17.50.