[1]	The amount shown represents the NAV per share at commencement of the Fund’s investment operations.
[2]	Calculated using average Shares outstanding.
[3]	The amount shown for a share outstanding may not agree with the change in the aggregate gains and losses on investment for the period because of the timing of transactions in the Fund’s shares in relation to fluctuating market values for the Fund’s underlying investment.
[4]	Percentage is not annualized.
[5]	Total Return at NAV is calculated assuming an initial investment made at the NAV at the beginning of the period, and redemption of Shares at NAV on the last day of the period. Total Return at NAV as shown above includes adjustments in accordance with U.S. GAAP.
[6]	Annualized.
[7]	From February 20, 2025 (the day the Shares were initially listed on the Exchange) to August 29, 2025, the Sponsor agreed to waive the entire Sponsor’s Fee on the first $10.0 billion of the Fund’s assets.

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Franklin Crypto Trust 10-Q