VanEck Merk Gold ETF

For the period ended Jan 31, 2025. Filed Mar 28, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 28, 2025

OUNZ$38.71-2.7%Stored close · as of Nov 10, 2026

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Contents

Item 8. Financial Statements and Supplementary Data

Item 8. Financial Statements

The audited financial statements required by Regulation S-X, with the report of the Trust’s independent registered public accounting firm, appear on pages F-1 to F-13 of this Report and are incorporated in this Item 8 by reference to such information.

Quarterly Statements of Operations

For the year ended January 31, 2025

(unaudited)
	Three Months ended April 30, 2024	Three Months ended July 31, 2024	Three Months ended October 31, 2024	Three Months ended January 31, 2025	Year ended January 31, 2025
EXPENSES
Sponsor’s fees	$516,393	$606,009	$695,993	$760,304	$2,578,699
Total expenses	516,393	606,009	695,993	760,304	2,578,699
Net Investment loss	(516,393)	(606,009)	(695,993)	(760,304)	(2,578,699)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion distributed for redemptions	62,679	133,437	216,650	2,375,765	2,788,531
Net change in unrealized appreciation (depreciation) on investment in gold bullion	97,950,683	64,214,008	128,338,192	22,435,417	312,938,300
Net realized and unrealized gain (loss) from operations	98,013,362	64,347,445	128,554,842	24,811,182	315,726,831
Net Increase (Decrease) in Net Assets resulting from operations	$97,496,969	$63,741,436	$127,858,849	$24,050,878	$313,148,132

Quarterly Statements of Operations

For the year ended January 31, 2024

(unaudited)
	Three Months ended April 30, 2023	Three Months ended July 31, 2023	Three Months ended October 31, 2023	Three Months ended January 31, 2024	Year ended January 31, 2024
EXPENSES
Sponsor’s fees	$409,800	$458,754	$451,271	$479,055	$1,798,880
Total expenses	409,800	458,754	451,271	479,055	1,798,880
Net Investment loss	(409,800)	(458,754)	(451,271)	(479,055)	(1,798,880)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion distributed for redemptions	609,442	-	935,883	1,854,150	3,399,475
Net change in unrealized appreciation (depreciation) on investment in gold bullion	19,860,745	(4,488,011)	3,903,440	17,022,316	36,298,490
Net realized and unrealized gain (loss) from operations	20,470,187	(4,488,011)	4,839,323	18,876,466	39,697,965
Net Increase (Decrease) in Net Assets resulting from operations	$20,060,387	$(4,946,765)	$4,388,052	$18,397,411	$37,899,085

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.