VanEck Merk Gold Trust (OUNZ)

OUNZ Delivers

Fact Sheet

Prospectus

Reports

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.

Past performance does not guarantee future performance or results. Investors should consult with a tax professional for their particular situation and jurisdiction. Trading fees and other costs may apply. See important notes below table.

Retirement Account Eligible?

Tax Efficiency

With OUNZ, because you own a pro-rata share of the gold, taking delivery of gold is not taxable. You simply take delivery of what you already own. (*)

Delivery

Proven record of delivering gold.

Transparency

# of OUNZ shares owned:

Your shares correspond to ounces of gold.

Product Premium for Deliveries

Type of Gold:
Number of Bars or Coins:
Exchange Fee in USD:

No delivery fees for the lower 48 States.

For details on fees click here.

Delivery Application

Click to fill-in the short Delivery Application.

Share Submission

Once the investor's Delivery Application is approved, we give a window of up to 7 business days after the approval to submit the shares.

Customer Service

Our experienced team is here to help.
Call toll-free at (855)MRK-OUNZ or email.

Reporting

Investors take posession of what they already own; as such, there is no reporting of any gold that is delivered to investors in exchange for shares.

Allocated Gold

Yes, OUNZ's physical gold is held in a segregated fashion in the name of the Trust.

Each investor owns a pro-rata share of OUNZ, and as such holds pro-rata ownership of the Trust's gold.

OUNZ's holdings are identified in a weight list of bars published at merkgold.com showing the unique bar number, gross weight, the assay or fineness of each bar and its fine weight.

Internal Controls

OUNZ's internal controls are audited each year.

OUNZ - The Gold ETF that Delivers

Notes: Video first published by Bloomberg on 2/27/19; net assets as of 11/29/23 $767.8 million. Inception date 5/16/14. Expense ratio 0.25%. The Bloomberg Intelligence ETF Traffic Light System is not a ratings system, nor a recommendation of products to purchase. The system has been created to complement the unique ways institutional and retail investors are using Exchange Traded Funds (ETFs) today. The Bloomberg Intelligence Traffic Light System is simply meant to alert investors to the potential surprises from investing in an ETF based on its underlying structure, underlying holdings, and/or past pricing issues. The System is not meant to be used as the sole input for an investment decision. It is simply meant to provide an initial level of due diligence to help warn investors of potential pitfalls down the road. Every ETF that has been assessed is given a score and a list of the relevant factors included in that score can be found under Factor Summary at this document explaining the Bloomberg Intelligence ETF Traffic Light System. The Traffic Light score is almost completely automated based on underlying Bloomberg data. Therefore, changes to an ETP's data points within the Bloomberg database may affect that ETP's score. ETPs with 1 point or less are given a green light; ETPs with 2-4 points are given a yellow light; and ETPs with 5 points or greater are given a red light. OUNZ had a Green Light as of 2/27/19 and continues to have a Green Light.

(*) If an investor redeems some or all of its shares in exchange for the underlying gold (including American Gold Eagle Coins) represented by the redeemed shares, the exchange will generally not be a taxable event for the investor (except with respect to any Cash Proceeds). A subsequent sale of the gold received by the investor will be a taxable event. For details, please see "Taxation of U.S. Investors" in the prospectus.

A delivery applicant must submit a delivery application and payment for the processing and delivery fees to cover the cost of preparing and transporting the gold. The delivery of physical gold to applicants may take considerable time and the delay in delivery could result in losses if the price of gold declines. A share submission is irrevocable.

The material must be preceded or accompanied by a prospectus. Before investing you should carefully consider the VanEck Merk Gold Trust's ("Trust") investment objectives, risks, charges and expenses.

Investing involves risk, including possible loss of principal. The Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for the purposes of the Commodity Exchange Act. Shares of the Trust are not subject to the same regulatory requirements as mutual funds. Because shares of the Trust are intended to reflect the price of the gold held in the Trust, the market price of the shares is subject to fluctuations similar to those affecting gold prices. Additionally, shares of the Trust are bought and sold at market price, not at net asset value (“NAV”). Brokerage commissions will reduce returns.

The request for redemption of shares for gold is subject to a number of risks including but not limited to the potential for the price of gold to decline during the time between the submission of the request and delivery. Delivery may take a considerable amount of time depending on your location.

Commodities and commodity-index linked securities may be affected by changes in overall market movements and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.

Trust shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of Trust shares relates directly to the value of the gold held by the Trust (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. The Trust does not generate any income, and as the Trust regularly issues shares to pay for the Sponsor’s ongoing expenses, the amount of gold represented by each Share will decline over time. Investing involves risk, and you could lose money on an investment in the Trust. For a more complete discussion of the risk factors relative to the Trust, carefully read the prospectus.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

The sponsor of the Trust is Merk Investments LLC (the “Sponsor”). VanEck provides marketing services to the Trust.

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