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OUNZVanEck 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.
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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 08/16/19
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Total Net Assets
$170.5M -
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
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Fund Ticker
OUNZ -
NAV
OUNZNV -
Intraday NAV (IIV)1
OUNZIV -
Shares Outstanding
11,493,707 -
CUSIP
921078101 -
ISIN
US9210781012
Source: Bloomberg
Fees and Expenses
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Expense Ratio
0.40%
$0.00 / -0.03% 
$-0.09 / -0.60%