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Launched · SEC filings

Franklin Responsibly Sourced Gold ETF

FGDLNYSE ArcaB

$55.45−0.06 (−0.11%)

As of Oct 13, 2026, 3:59 PM

B67/ 100

Rank 3 of 10 in Physical Gold

B67/100Rank 3 of 10inPhysical Gold
Intraday session: down, 79 prints from 55.51 to 55.45. Range 55.22 to 55.73. Use the arrow keys to read each point.55.2055.3055.6055.7010 AM12 PM2 PM4 PM
Expense ratio
0.15%
Fund size
$433M
1Y total return
+3.4%
Yield · Last 12 months
—
Holdings
1
Avg volume · 30D
0M sh
NAV per share
$55.51
52W range
low $52.00high $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
3 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

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 Oct 13, 2026
Asset class
Other
Holdings
1
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.100.02%103,801$433M1

Showing 1–1 of 1 holdings

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$10,343
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. FGDL $10,343. SPY $12,044. Use the arrow keys to read each point.$9,454$11,560$13,665Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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−3.6%
1 month−4.1%
3 months+1.6%
1 year+3.4%
3 yearsper year+30.5%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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−3.6%
2025+64.1%
2024+27.3%
2023+12.9%
2022+0.9%

Since listing, Jun 30, 2022

FGDL in the news

Filtered to FGDL · Physical Gold

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.
19.1%
Annualised · 36 months to Sep 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.
1.28
vs 3-month T-bills · to Sep 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%
51 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.

Other funds in Physical Gold

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