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About VanEck Merk Gold ETF
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Inception date
May 16, 2014
Structure
Grantor Trust
Distribution tax treatment
Return of capital
Income tax type
Collectibles
Max ST capital gains rate
39.60%
Max LT capital gains rate
28.00%
Distributor
Foreside Fund Services LLC
OUNZ, unlike other gold funds that hold physical bullion, the fund allows individual investors to redeem shares in exchange for 1 ounce coins. Like most gold funds, OUNZ should hew closely to the price of gold, lagging only by its fee, making it an excellent way to get exposure to the price of gold. OUNZ's NAV is set by the London PM fix, so apparent premiums and discounts may simply reflect a stale NAV. While the ability to redeem for actual gold is unique, it's important to note that large minimum fees do make it impractical to redeem smaller quantities. While long-term gains are taxable at the 28% rate, redeeming shares for gold is not a taxable event until the coins or bars are sold. Prior to Aug. 30, 2024, the fund was called VanEck Merk Gold Trust.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
OUNZ assets under management is 1.63 B USD. It's fallen 2.46% over the last month.
OUNZ fund flows account for 275.80 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, OUNZ doesn't pay dividends to its holders.
OUNZ shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on May 16, 2014, and its management style is Passive.
OUNZ expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
OUNZ follows the LBMA Gold Price PM ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
OUNZ price has fallen by −2.83% over the last month, and its yearly performance shows a 36.15% increase. See more dynamics on OUNZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −3.06% over the last month, have fallen by −3.06% over the last month, showed a 12.88% increase in three-month performance and has increased by 36.39% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −3.06% over the last month, have fallen by −3.06% over the last month, showed a 12.88% increase in three-month performance and has increased by 36.39% in a year.
OUNZ trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.