Fri, Jun 7, 10:23 AM (92 days ago)
The VanEck Merk Gold Trust's quarterly report for the period ending April 30, 2024, highlights a significant increase in net assets and NAV per share driven by the appreciation in gold prices. The Trust's NAV rose from $780,184,347 on January 31, 2024, to $904,160,052 on April 30, 2024, a 15.89% increase, primarily due to a net change in unrealized appreciation on investment in gold bullion amounting to $97,950,683. The NAV per share increased from $19.69 to $22.14, reflecting a 12.44% gain. The Trust issued and redeemed shares resulting in a net increase in shares outstanding from 39,626,030 to 40,835,640. Sponsor’s fees, payable at an annualized rate of 0.25% of the Trust’s NAV, amounted to $516,393 for the quarter. The Trust had no other expenses. The report also notes a change in the pricing index to the Solactive Gold Spot Index as of August 7, 2023, for determining the value of gold held by the Trust. There were no significant changes in risk factors or legal proceedings, and the Trust maintains effective disclosure controls and procedures. The Trust does not engage in transactions involving foreign currencies or derivative instruments, focusing solely on gold bullion investments.