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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 12/09/19

  • Total Net Assets

    $180.3M
  • Options

    Available
  • Commencement

    05/16/2014
  • ETF Structure

    Physical
  • Expense Ratio

    0.40%

 

Gold Delivery as Easy As 1-2-3  

 

 

If you are an investor interested in taking delivery of physical gold in exchange for your OUNZ shares (Delivery Applicants), you must submit a signed Delivery Application to Merk Investments LLC (the "Sponsor"). A Delivery Application expresses your non-binding intention to exchange shares for physical gold on the Share Submission Day or within the applicable grace period. You must also provide instructions to your broker-dealer to effect the exchange of shares for physical gold. Please see the steps outlined below.

 

1. Investor files a Delivery Application  

 

Please fill-in the Delivery Application using the OUNZ Calculator, which is hosted by Merk Investments LLC on the company's website (you will leave the VanEck website when you access the OUNZ Calculator). The calculator will generate an application based on the number of shares held and gold requested. You may also download the blank forms here:

 

The Delivery Application expresses your intention to take delivery of physical gold in exchange for OUNZ shares.
The Delivery Applicant Share Submission Form instructs your broker to submit OUNZ shares to the Trustee in exchange for physical gold.

 

A completed and signed Delivery Application must be submitted by upload at www.merkgold.com/delivery; by fax to 650-745-7045; or by mail to Merk Investments LLC; Attn: Merk Gold; 332 Pine St #200; San Francisco, CA 94104.

 

A Delivery Application will only be processed once the Processing Fees have been paid. The Processing Fee is due at the time the Delivery Application is submitted and is fully refundable until you irrevocably submit your shares to the Trustee.

 

Once the Delivery Application is pre-approved, you will be provided with (typically by email) a Delivery Applicant Share Submission Form along with the pre-approved Delivery Application. You must submit a completed and signed Delivery Applicant Share Submission Form to your broker (typically done via fax), with the pre-approved Delivery Application attached.

 

2. Investor instructs their broker to submit their ETF shares to take delivery of their gold  

 

On the Share Submission Day (or within the applicable grace period), your broker shall, in accordance with the instructions in the Delivery Application:   

 

  • Complete and sign the second page of the Delivery Applicant Share Submission Form;
  • Fax to the Trustee the completed and signed Delivery Applicant Share Submission Form, with the pre-approved Delivery Application attached; and
  • Submit OUNZ shares to the Trustee.

 

The Delivery Application is not binding until shares are delivered to the Trust.  

 

3. Gold sent to Investor  

 

Physical gold will be delivered to a Delivery Applicant based on instructions in the Delivery Application. Once physical gold has been tendered to the courier identified in the Delivery Application, the physical gold cannot be returned and is no longer the responsibility of the Trust, the Trustee, the Custodian, the precious metals dealer, VanEck, or Merk Investments LLC. 

 

The Trust will ship physical gold to a Delivery Applicant fully insured using accepted business practices for precious metals delivery that may include, amongst others, use of a conventional shipping carrier (e.g., U.S. Postal Service, Federal Express, United Parcel Service); or an armored transportation service.

 

Download Fact Sheet