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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 Investments LLC

  • Trustee

    Bank Of New York Mellon

  • Marketing Agent

    Van Eck Securities Corp.

  as of 05/30/23

  • Total Net Assets

    $721.1M

  • Options

    Available

  • Inception Date

    05/16/2014

  • ETF Structure

    Physical

  • Expense Ratio

    0.25%
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How to Buy

Key Documents and Links

OUNZ Fact Sheet
Prospectus
Bar List

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.

Fund Highlights

  • 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

    38,125,156

  • CUSIP

    921078101

  • ISIN

    US9210781012
Source: Bloomberg

Fees and Expenses

  • Expense Ratio

    0.25%

Prices as of 05/30/23

NAV/
Market
Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change NAV/
Last Price 		Premium/
Discount 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
OUNZ $18.91
$19.00 		1,403,589
910,443 		$0.04 / +0.23%
$0.14 / +0.74% 		+7.62%
+7.41% 		$0.02
0.09% 		--

Performance History: Average Annual Total Returns* (%)

View All ETFs
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/14
OUNZ (NAV) 0.12 2.99 9.30 3.47 4.93 8.24 -- 4.46
OUNZ (Share Price) 0.94 3.16 8.99 4.67 5.35 8.30 -- 4.51
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/14
OUNZ (NAV) 8.48 9.17 9.17 1.68 6.87 8.04 -- 4.49
OUNZ (Share Price) 7.91 7.97 7.97 1.43 7.46 7.92 -- 4.44

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

ETF Statistics as of 05/30/23

Total Net Assets 721,054,118
Gold per Share 0.010
Gold per 1,000 Shares 9.687
Gold per Basket 484.336
Shares Outstanding 38,125,156
Gold in Trust 369,307.711
Indicative Gold per Basket 484.335

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