Franklin Responsibly Sourced Gold ETF (FGLD) is an exchange-traded fund that seeks to track the performance of an index comprising gold that is verified as responsibly sourced according to established environmental, social, and governance (ESG) standards. The fund provides investors with exposure to physical gold bullion that meets criteria set by the Responsible Gold Mining Principles developed by the World Gold Council; it holds gold bars stored in secure vaults and offers shares redeemable for physical delivery under certain conditions. FGLD operates within the precious metals ETF segment of the asset management industry, targeting institutional and retail investors focused on sustainable commodities investing.
Launched in 2023 by Franklin Templeton, a global investment management firm headquartered in San Mateo, California, the ETF trades on the NYSE Arca exchange under the ticker FGLD. Franklin Templeton oversees the fund's management, including sourcing, custody, and compliance with responsible sourcing protocols verified by third-party auditors such as Verité; the firm leverages its broader platform encompassing mutual funds, ETFs, and alternative investments across fixed income, equities, and multi-asset strategies. Geographically, FGLD serves investors worldwide, with primary operations in the United States and gold storage facilities in multiple jurisdictions including London and North America.
In late 2024, Franklin Templeton expanded FGLD's appeal through a strategic partnership with leading gold miners committed to enhanced ESG reporting, enabling broader inclusion of responsibly sourced gold in the underlying index. The fund also introduced enhanced transparency features in early 2025, including quarterly impact reports detailing the environmental and social metrics of its gold holdings, such as reduced carbon emissions and community benefit contributions from mining operations. These developments follow Franklin Templeton's acquisition of Putnam Investments in 2023, which bolstered its ETF capabilities and supported FGLD's growth amid rising demand for ESG-aligned precious metals exposure.