VanEck Merk Gold ETF OUNZ
6, 2014 under New York State law pursuant to the Depositary Trust Agreement ("Trust Agreement"), which was amended effective
October 26, 2015, to effectuate a name change to Van Eck Merk Gold Trust. The Trust Agreement was further amended on April 28, 2016,
to effectuate a second name change to VanEck Merk Gold Trust, and was further amended on August 20, 2024, to effectuate a third name
change to VanEck Merk Gold ETF. The purpose of the Trust is to own gold transferred to the Trust in exchange for shares issued by the
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total operating expenses | $4.8M | $2.6M | $1.8M | $1.6M | $1.3M | $1.0M | $660.2K | $563.4K | $525.6K | $532.6K |
| Operating income | — | — | — | — | — | -$1.0M | -$660.2K | -$563.4K | -$525.6K | -$532.6K |
| Net income | $1.09B | $313.1M | $37.9M | $31.6M | -$18.2M | $39.3M | $30.4M | -$2.3M | $13.7M | $3.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $2.90B | $1.33B | $786.1M | $660.3M | $586.2M | $450.0M | $198.5M | $154.2M | $142.2M | $123.4M |
| Total liabilities | $108.0K | $13.8M | $5.9M | $3.7M | $6 | $7.5M | $9 | $2 | $12 | $3 |
| Retained earnings | $1.53B | $436.2M | $123.1M | -$85.2M | -$53.6M | — | — | — | — | — |
| Total equity | $2.90B | $1.31B | $780.2M | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-035486.
Others in SIC 6221
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| GLD | SPDR GOLD TRUST | $143.35B | — | — |
| IAU | ISHARES GOLD TRUST | $65.76B | — | — |
| IBIT | iShares Bitcoin Trust ETF | $58.86B | — | — |
| SLV | iShares Silver Trust | $32.20B | — | — |
| GLDM | World Gold Trust | $30.19B | — | — |
| AGQ | ProShares Trust II | $10.74B | — | — |
| GBTC | Grayscale Bitcoin Trust ETF | $10.63B | — | — |
| SGOL | abrdn Gold ETF Trust | $7.41B | — | — |