Here are the 10-K annual reports from VanEck Merk Gold ETF (OUNZ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow OUNZ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full OUNZ filings page.
VanEck Merk Gold ETF files its annual report, detailing a physically backed gold trust that lets investors access gold through NYSE Arca-traded shares and optional physical delivery. Each share represents a fractional interest in allocated bullion, with baskets of 50,000 shares created and redeemed by Authorized Participants in exchange for gold.
The redeemable value per share rose from $27.01 at January 31, 2025 to $46.56 at January 31, 2026, while outstanding shares increased from 48,664,686 to 62,358,853. As of March 25, 2026, 63,171,210 shares were outstanding, and as of July 31, 2025, non-affiliates held shares worth about $1.75 billion. The trust charges a 0.25% annual sponsor fee, paid in shares, and reports a strong rise in gold prices in 2025, when gold ended the year at $4,319.37 per ounce after reaching an intra-year high of $4,533.21.