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.
41
VanEck Merk Gold Trust
Quarterly Statements of Operations
For the year ended January 31, 2022
(unaudited)
Three
Months
ended
April 30,
2021
Three Months ended
July 31,
2021
Three Months ended
October 31,
2021
Three Months ended
January 31,
2022
Year ended
January 31,
2022
EXPENSES
Sponsor’s fees
$ 269,000
$ 303,240
$ 329,573
$ 369,462
$ 1,271,275
Total expenses
269,000
303,240
329,573
369,462
1,271,275
Net Investment loss
(269,000 )
(303,240 )
(329,573 )
(369,462 )
(1,271,275 )
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion distributed for redemptions
50,040
859,881
11,912
835,023
1,756,856
Net change in unrealized appreciation (depreciation) on investment in gold bullion
(23,610,080 )
13,322,236
(15,451,298 )
7,070,129
(18,669,013 )
Net realized and unrealized gain (loss) from operations
(23,560,040 )
14,182,117
(15,439,386 )
7,905,152
(16,912,157 )
Net Increase (Decrease) in Net Assets resulting from operations
$ (23,829,040 )
$ 13,878,877
$ (15,768,959 )
$ 7,535,690
$ (18,183,432 )
VanEck Merk Gold Trust
Quarterly Statements of Operations
For the year ended January 31, 2021
(unaudited)
Three
Months
ended
April 30,
2020
Three
Months
ended
July 31,
2020
Three
Months
ended
October 31,
2020
Three
Months
ended
January 31,
2021
Year ended
January 31,
2021
EXPENSES
Sponsor’s fees
$ 215,094
$ 278,138
$ 252,814
$ 267,245
$ 1,013,291
Total expenses
215,094
278,138
252,814
267,245
1,013,291
Net Investment loss
(215,094 )
(278,138 )
(252,814 )
(267,245 )
(1,013,291 )
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion distributed for redemptions
30,456
4,601,821
993,857
1,699,228
7,325,362
Net change in unrealized appreciation (depreciation) on investment in gold bullion
16,484,533
40,156,702
(18,495,904 )
(6,140,185 )
32,005,146
Net realized and unrealized gain (loss) from operations
16,514,989
44,758,523
(17,502,047 )
(4,440,957 )
39,330,508
Net Increase (Decrease) in Net Assets resulting from operations
$ 16,299,895
$ 44,480,385
$ (17,754,861 )
$ (4,708,202 )
$ 38,317,217
42
VanEck Merk Gold Trust
Quarterly Statements of Operations
For the year ended January 31, 2020
(unaudited)
Three Months ended
April 30,
2019
Three Months ended
July 31,
2019
Three Months ended
October 31,
2019
Three Months ended
January 31,
2020
Year ended
January 31,
2020
EXPENSES
Sponsor’s fees
$ 147,619
$ 153,056
$ 173,817
$ 185,674
$ 660,166
Total expenses
147,619
153,056
173,817
185,674
660,166
Net Investment loss
(147,619 )
(153,056 )
(173,817 )
(185,674 )
(660,166 )
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion distributed for redemptions
96,601
—
—
—
96,601
Net change in unrealized appreciation (depreciation) on investment in gold bullion
(4,908,946 )
16,350,488
9,375,531
9,486,919
30,303,992
Net realized and unrealized gain (loss) from operations
(4,812,345 )
16,350,488
9,375,531
9,486,919
30,400,593
Net Increase (Decrease) in Net Assets resulting from operations
$ (4,959,964 )
$ 16,197,432
$ 9,201,714
$ 9,301,245
$ 29,740,427
43
VanEck Merk Gold Trust
Quarterly Statements of Operations
For the year ended January 31, 2019
(unaudited)
Three Months ended
April 30,
2018
Three Months ended
July 31,
2018
Three Months ended
October 31,
2018
Three Months ended
January 31,
2019
Year ended
January 31,
2019
EXPENSES
Sponsor’s fees
$ 140,371
$ 144,889
$ 136,358
$ 141,796
$ 563,414
Total expenses
140,371
144,889
136,358
141,796
563,414
Net Investment loss
(140,371 )
(144,889 )
(136,358 )
(141,796 )
(563,414 )
Net Realized and Unrealized Gain (Loss)
Net realized gain (loss) from gold bullion distributed for redemptions
—
—
(148,638 )
—
(148,638 )
Net change in unrealized appreciation (depreciation) on investment in gold bullion
(3,440,848 )
(10,431,392 )
(574,763 )
12,251,640
(2,195,363 )
Net realized and unrealized gain (loss) from operations
(3,440,848 )
(10,431,392 )
(723,401 )
12,251,640
(2,344,001 )
Net Increase (Decrease) in Net Assets resulting from operations
$ (3,581,219 )
$ (10,576,281 )
$ (859,759 )
$ 12,109,844
$ (2,907,415 )
44
Item 9. Changes in and Disagreements with Accountants
on Accounting and Financial Disclosure
There have been no changes in accountants and
no disagreements with accountants during the year ended January 31, 2022.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.