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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 01/25/21

  • Total Net Assets

    $433.8M

  • Options

    Available

  • Commencement

    05/16/2014

  • ETF Structure

    Physical

  • Expense Ratio

    0.25%
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How to Buy

 

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

    23,975,137

  • CUSIP

    921078101

  • ISIN

    US9210781012
Source: Bloomberg

Fees and Expenses

  • Expense Ratio

    0.25%

Prices as of 01/25/21

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
OUNZ $18.09
$18.09		 337,723
228,056		 $0.04 / +0.22%
$0.02 / +0.11%		 -1.83%
-2.32%
 $0.01
0.03%		 --

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) 7.27 0.16 23.76 23.76 12.98 11.80 -- 5.42
OUNZ (Share Price) 6.93 0.71 24.71 24.71 12.96 11.98 -- 5.50
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/16/14
OUNZ (NAV) 7.27 0.16 23.76 23.76 12.98 11.80 -- 5.42
OUNZ (Share Price) 6.93 0.71 24.71 24.71 12.96 11.98 -- 5.50

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

ETF Statistics as of 01/25/21

Total Net Assets 433,772,199
Gold per Share 0.010
Gold per 1,000 Shares 9.744
Gold per Basket 487.185
Shares Outstanding 23,975,137
Gold in Trust 233,606.542
Indicative Gold per Basket 487.185