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OUNZ
VanEck Merk Gold Trust

  • Fund Description

    VanEck Merk® Gold Trust seeks to provide investors with a convenient and cost-efficient way to buy and hold gold through an exchange traded product with the option to take physical delivery of gold.

  •  
      

    • Fund Ticker

      OUNZ
    • Exchange

      NYSE Arca
    • Sponsor

      Merk Investment LLC
    • Trustee

      Bank of New York Mellon
    • Custodian

      JPMorgan Chase Bank, N.A.
    • Marketing Agent

      Van Eck Securities Corp.
  •  
    as of 05/26/17

    • Total Net Assets

      $129.4M
    • Options

      Available
    • Commencement

      05/16/2014
    • ETF Structure

      Physical
    • Expense Ratio

      0.40%
  •  

    Overview


    The VanEck Merk Gold Trust (the “Trust” or "OUNZ") provides investors with a convenient and cost-efficient way to buy and hold gold through an exchange traded product with the option to take physical delivery of gold.

     

    The Trust’s primary objective is to provide investors with an opportunity to invest in gold through the shares and be able to take delivery of physical gold bullion (physical gold) in exchange for their shares. The Trust’s secondary objective is for the shares to reflect the performance of the price of gold less the expenses of the Trust’s operations.

     

  • Key Points

    Deliverability
    VanEck Merk Gold Trust holds gold bullion in the form of allocated London Bars. It differentiates itself by providing investors with the option to take physical delivery of gold bullion in exchange for their shares.

     

    Convertibility
    For the purpose of facilitating delivery, Merk has developed a proprietary process for the conversion of London Bars into gold coins and bars in denominations investors may desire.

     

    Tax Efficiency
    Taking delivery of gold is not a taxable event as investors merely take possession of what they already own: the gold.

     

  • Trading Information

    • Fund Ticker

      OUNZ
    • NAV

      OUNZNV
    • Intraday NAV (IIV)1

      OUNZIV
    • Shares Outstanding

      10,350,282
    • CUSIP

      921078101
    • ISIN

      US9210781012
    Source: Bloomberg
  • Fees and Expenses

    • Expense Ratio

      0.40%
  • Prices as of 05/26/17

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    OUNZ $12.50
    $12.53
    27,529
    30,843
    $0.0001
    0.0008%
  • ETF Statistics as of 05/26/17

    Total Net Assets 129,353,968
    Gold per Share 0.010
    Gold per 1,000 Shares 9.879
    Gold per Basket 493.958
    Shares Outstanding 10,350,282
    Gold in Trust 102,252.092
    Indicative Gold per Basket 493.952