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VanEck Vectors Gold Miners ETF
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International Investors Gold Fund - Class A

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 06/04/20

  • Total Net Assets

    $277.5M

  • 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

    16,720,849

  • CUSIP

    921078101

  • ISIN

    US9210781012
Source: Bloomberg

Fees and Expenses

  • Expense Ratio

    0.40%

Prices as of 06/04/20

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 $16.59
$16.76		 242,357
121,555		 -$0.05 / -0.31%
$0.20 / +1.21%		 +11.44%
+12.86%
 $0.01
0.08%		 --

ETF Statistics as of 06/04/20

Total Net Assets 277,473,649
Gold per Share 0.010
Gold per 1,000 Shares 9.761
Gold per Basket 488.058
Shares Outstanding 16,720,849
Gold in Trust 163,214.882
Indicative Gold per Basket 488.058