OUNZVanEck Merk Gold Trust
OUNZ Fund Description
OUNZ tracks the gold spot price, less expenses, using gold bars and coins held in London vaults. Investors can redeem their shares for gold in increments of 1 troy oz.
OUNZ Factset Analytics Insight
OUNZ, unlike other gold funds that hold physical bullion, allows individual investors to redeem shares in exchange for gold coins and bars. 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.
OUNZ Summary Data
OUNZ Portfolio Data
OUNZ Index Data
OUNZ Portfolio Management
OUNZ Tax Exposures
OUNZ Fund Structure
OUNZ Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of OUNZ. OUNZ is rated a 5 out of 5.
OUNZ Top 10 Targeted Commodity Weights
OUNZ Tenor Strategy
OUNZ holds physical bullion. Prices will reflect the current spot market values.
OUNZ Rolling Strategy
Since OUNZ holds physical bullion rather than futures contracts, it does not have a roll strategy.