VanEck Merk Gold ETF is an investment trust that enables investors to own and trade physical gold through publicly traded shares on NYSE Arca, with the option to take physical delivery of allocated bullion held in secure custodial vaults. The Trust generates revenue primarily through a 0.25% annual sponsor fee on assets under management, with additional income from processing and delivery fees charged to investors who redeem shares for physical gold. Its business serves both institutional authorized participants who create and redeem large share blocks for arbitrage purposes and retail investors seeking gold exposure through securities markets, while operating in the global gold market where demand is driven by jewelry manufacturing, industrial applications, and investment portfolios.
| USD millions | FY2026 |
|---|---|
| Net Income | 1,093 |