VanEck Merk Gold ETF Files Q3 2024 10-Q

TL;DR

**VanEck Merk Gold ETF filed its 10-Q for Oct 31, 2024. Check financials.**

AI Summary

VanEck Merk Gold ETF filed its 10-Q for the quarterly period ended October 31, 2024. The ETF, formerly known as Merk Gold Trust, is incorporated in New York and its principal executive offices are located at 240 Greenwich Street, New York, NY 10286. The filing covers its financial performance and operations during this period.

Why It Matters

This filing provides investors with a detailed look at the VanEck Merk Gold ETF's financial health and operational status for the most recent quarter, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for an established ETF, not indicating any unusual risks.

Key Numbers

• 001-36459 — SEC File Number (Identifies the ETF's filings with the SEC.)
• October 31, 2024 — Reporting Period End (Marks the end of the fiscal quarter covered by the report.)

Key Players & Entities

• VanEck Merk Gold ETF (company) — Registrant
• October 31, 2024 (date) — Quarterly period end date
• 240 Greenwich Street, New York, NY 10286 (address) — Principal Executive Offices
• 001-36459 (other) — SEC File Number
• Merk Investments LLC (company) — Address of Principal Executive Offices

FAQ

Filing Documents

• ea0223718-10q_vaneckmerk.htm (10-Q) — 292KB
• ea022371801ex31-1_vaneckmerk.htm (EX-31.1) — 14KB
• ea022371801ex32-1_vaneckmerk.htm (EX-32.1) — 4KB
• image_001.jpg (GRAPHIC) — 17KB
• image_002.jpg (GRAPHIC) — 19KB
• 0001213900-24-106429.txt ( ) — 2107KB
• ounz-20241031.xsd (EX-101.SCH) — 20KB
• ounz-20241031_cal.xml (EX-101.CAL) — 7KB
• ounz-20241031_def.xml (EX-101.DEF) — 64KB
• ounz-20241031_lab.xml (EX-101.LAB) — 117KB
• ounz-20241031_pre.xml (EX-101.PRE) — 70KB
• ea0223718-10q_vaneckmerk_htm.xml (XML) — 209KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION 1 Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited) 1 Unaudited Statements of Assets and Liabilities at October 31, 2024 and January 31, 2024 1 Unaudited Statements of Operations for the Three and Nine Months Ended October 31, 2024 and 2023 2 Unaudited Statements of Changes in Net Assets for the Three and Nine Months Ended October 31, 2024 and 2023 3 Unaudited Schedules of Investment at October 31, 2024 and January 31, 2024 4 Notes to the Unaudited Financial Statements 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 18 Item 4.

Controls and Procedures

Controls and Procedures 18

—OTHER INFORMATION

PART II—OTHER INFORMATION 19 Item 1.

Legal Proceedings

Legal Proceedings 19 Item 1A.

Risk Factors

Risk Factors 19 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19 Item 3. Defaults Upon Senior Securities 19 Item 4. Mine Safety Disclosures 19 Item 5. Other Information 20 Item 6. Exhibits 20

SIGNATURES

SIGNATURES 21 i VANECK MERK GOLD ETF CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q, or Quarterly Report, includes statements which relate to future events or future performance. In some cases, you can identify such forward-looking "anticipate," "believe," "estimate," "predict," "potential" or the negative of these terms or other comparable terminology. All statements (other than statements of historical fact) included in this Quarterly Report that address activities, events or developments that may occur in the future, including such matters as changes in commodity prices and market conditions (for gold and the shares), the operations of VanEck Merk Gold ETF, or Trust, the plans of Merk Investments LLC, the sponsor of the Trust, or Sponsor, and references to the Trust's future success and other similar matters are forward-looking statements. These statements are only predictions. Actual events or results may differ materially. These statements are based upon certain assumptions and analyses made by the Sponsor on the basis of its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. Whether or not actual results and developments will conform to the Sponsor's expectations and predictions is subject to a number of risks and uncertainties, including the special considerations referenced in this Quarterly Report, general economic, market and business conditions, changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bodies, and other world economic and political developments. Consequently, all the forward-looking statements made in this Quarterly Report are qualified by these cautionary statements, and there can be no assurance that the actual results or developments the Sponsor ant

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) VanEck Merk Gold ETF October 31, 2024 January 31, 2024 (unaudited) Assets Investments in gold bullion (cost $ 830,446,680 and $ 659,416,378 , respectively) $ 1,241,717,538 $ 780,184,353 Capital shares receivable 19,883,079 5,906,605 Other receivable 49 4 Total assets 1,261,600,666 786,090,962 Liabilities Gold Bullion purchased payable 19,883,128 5,906,609 Sponsor's fee payable 50 6 Total liabilities 19,883,178 5,906,615 Net assets $ 1,241,717,488 $ 780,184,347 Net assets consists of: Paid-in-capital $ 829,545,161 $ 657,109,274 Accumulated earnings 412,172,327 123,075,073 Net Assets $ 1,241,717,488 $ 780,184,347 Shares issued and outstanding ( no par value) 46,838,224 39,626,030 Net asset value per share $ 26.51 $ 19.69 See notes to unaudited financial statements. 1 VanEck Merk Gold ETF For the Three Months Ended October 31, 2024 For the Three Months Ended October 31, 2023 For the Nine Months Ended October 31, 2024 For the Nine Months Ended October 31, 2023 (unaudited) (unaudited) (unaudited) (unaudited) Expenses Sponsor's fees $ 695,993 $ 451,271 $ 1,818,395 $ 1,319,825 Total expenses 695,993 451,271 1,818,395 1,319,825 Net investment loss ( 695,993 ) ( 451,271 ) ( 1,818,395 ) ( 1,319,825 ) Net realized and unrealized gain (loss) Net realized gain from gold bullion distributed for redemptions 216,650 935,883 412,766 1,545,325 Net change in unrealized appreciation (depreciation) on investment in gold bullion 128,338,192 3,903,440 290,502,883 19,276,174 Net realized and unrealized gain (loss) from operations 128,554,842 4,839,323 290,915,649 20,821,499 Net increase (decrease) in net assets resulting from operations $ 127,858,849 $ 4,388,052 $ 289,097,254 $ 19,501,674 See notes to unaudited financial statements. 2 VanEck Merk

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View this 10-Q filing on SEC EDGAR