Franklin Templeton Announces Ticker Change for Franklin Responsibly Sourced Gold ETF
May 05 2023 - 11:22AM
Business Wire
The exchange-traded fund (ETF) will trade on
NYSE Arca as FGDL beginning on May 19
Franklin Templeton announced today that it will change the
ticker for its Franklin Responsibly Sourced Gold ETF to FGDL,
effective May 19, 2023. No other changes were made to the ETF, and
its investment objective, strategy and fee structure remain the
same.
Franklin Responsibly Sourced Gold ETF was launched in June 2022
on NYSE Arca and has more than $100 million in assets as of April
30, 2023. The ETF offers investors access to a product that
contractually sources all of its gold bars in accordance with the
London Bullion Market Association’s (LMBA) Responsible Sourcing
Guidance.
“The Franklin Responsibly Sourced Gold ETF offers investors an
easy way to add gold to their portfolio with the added peace of
mind in knowing that it is responsibly sourced. We have seen strong
demand for the ETF in its first year on the market,” said David
Mann, Head of ETF Product and Capital Markets for Franklin
Templeton. “As Franklin Templeton’s first physically backed
commodity ETF, FGDL will continue to complement the firm’s other
offerings and serve as a diversifying portfolio solution for
investors.”
About Franklin Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin
Templeton and serving clients in over 155 countries. Franklin
Templeton’s mission is to help clients achieve better outcomes
through investment management expertise, wealth management and
technology solutions. Through its specialist investment managers,
the company offers specialization on a global scale, bringing
extensive capabilities in fixed income, equity, alternatives and
multi-asset solutions. With offices in more than 30 countries and
approximately 1,300 investment professionals, the California-based
company has over 75 years of investment experience and
approximately $1.4 trillion in assets under management as of March
31, 2023. For more information, please visit franklintempleton.com
and follow us on LinkedIn, Twitter and Facebook.
Before investing, carefully consider a fund’s investment
objectives, risks, charges and expenses. You can find this and
other information in each prospectus, or summary prospectus, if
available, at www.franklintempleton.com. Please read it
carefully.
ETFs trade like stocks, fluctuate in market value and may
trade at prices above or below their net asset value. Brokerage
commissions and ETF expenses will reduce returns. ETF shares
may be bought or sold throughout the day at their market price
(MP), not their Net Asset Value (NAV), on the exchange on which
they are listed. Shares of ETFs are tradable on secondary markets
and may trade either at a premium or a discount to their NAV on the
secondary market.
Franklin Distributors, LLC. Member FINRA, SIPC.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Copyright © 2023. Franklin Templeton. All rights reserved.
TN23-29
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version on businesswire.com: https://www.businesswire.com/news/home/20230505005277/en/
Franklin Templeton Corporate Communications: Vanessa Garcia
(917) 562-5151, vanessa.garcia@franklintempleton.com
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