VanEck Merk Gold ETF

For the period ended Jan 31, 2026. Filed Mar 27, 2026.

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.

FY2026 · Filed Mar 27, 2026

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

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-14 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, 2026

(unaudited)
	Three Months ended April 30, 2025	Three Months ended July 31, 2025	Three Months ended October 31, 2025	Three Months ended January 31, 2026	Year ended January 31, 2026
EXPENSES
Sponsor’s fees	$893,967	$1,079,987	$1,280,422	$1,576,735	$4,831,111
Total expenses	893,967	1,079,987	1,280,422	1,576,735	4,831,111
Net Investment loss	(893,967)	(1,079,987)	(1,280,422)	(1,576,735)	(4,831,111)
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion distributed for redemptions	3,223,795	816,815	7,405,308	838,192	12,284,110
Net change in unrealized appreciation (depreciation) on investment in gold bullion	235,630,882	(4,550,044)	381,835,332	472,494,954	1,085,411,124
Net realized and unrealized gain (loss) from operations	238,854,677	(3,733,229)	389,240,640	473,333,146	1,097,695,234
Net Increase (Decrease) in Net Assets resulting from operations	$237,960,710	$(4,813,216)	$387,960,218	$471,756,411	$1,092,864,123

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

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.