[FWP] VanEck Merk Gold ETF Free Writing Prospectus
VanEck Merk Gold ETF (OUNZ) has updated its Exchange Fee schedule effective June 27, 2025, for investors taking physical delivery of gold. Key fee changes include:
- 99.99% 1oz Perth Mint Gold Bar: $60.00 per ounce
- 99.99% 1oz Royal Canadian Mint Gold Maple Leaf: $145.00 per ounce
- 99.99% 1oz US Mint Gold Buffalo: $45.00 per ounce
- 99.99% London Kilo Bars: No exchange fee (flat $7,500 application fee)
The ETF continues to offer free delivery to the lower 48 States. Processing fees include both Exchange Fee and Delivery Fee, with a standard $600 application fee for most products. Exchange fees may fluctuate during high demand periods, even after application submission. The trust provides investors a cost-efficient way to hold gold through an ETF with physical delivery options. Important risk factors include gold price fluctuations, market value variations, and potential delivery delays.
Il VanEck Merk Gold ETF (OUNZ) ha aggiornato il suo programma di commissioni di scambio a partire dal 27 giugno 2025, per gli investitori che optano per la consegna fisica dell'oro. Le principali modifiche alle commissioni includono:
- Lingotto d'oro Perth Mint 1oz 99,99%: 60,00 $ per oncia
- Foglia d'acero d'oro Royal Canadian Mint 1oz 99,99%: 145,00 $ per oncia
- Buffalo d'oro US Mint 1oz 99,99%: 45,00 $ per oncia
- Barre London Kilo 99,99%: nessuna commissione di scambio (commissione fissa di 7.500 $ per domanda)
L'ETF continua a offrire consegna gratuita nei 48 stati continentali. Le spese di elaborazione comprendono sia la commissione di scambio che quella di consegna, con una commissione standard di 600 $ per la maggior parte dei prodotti. Le commissioni di scambio possono variare durante i periodi di alta domanda, anche dopo la presentazione della domanda. Il fondo offre agli investitori un modo conveniente per detenere oro tramite un ETF con opzioni di consegna fisica. I fattori di rischio importanti includono le fluttuazioni del prezzo dell'oro, le variazioni del valore di mercato e possibili ritardi nella consegna.
El VanEck Merk Gold ETF (OUNZ) ha actualizado su calendario de tarifas de intercambio con vigencia a partir del 27 de junio de 2025, para los inversionistas que opten por la entrega física de oro. Los cambios clave en las tarifas incluyen:
- Lingote de oro Perth Mint de 1 oz al 99.99%: 60.00 $ por onza
- Hoja de arce de oro Royal Canadian Mint de 1 oz al 99.99%: 145.00 $ por onza
- Búfalo de oro US Mint de 1 oz al 99.99%: 45.00 $ por onza
- Barras London Kilo al 99.99%: sin tarifa de intercambio (tarifa fija de solicitud de $7,500)
El ETF continúa ofreciendo entrega gratuita a los 48 estados contiguos. Las tarifas de procesamiento incluyen tanto la tarifa de intercambio como la de entrega, con una tarifa estándar de solicitud de $600 para la mayoría de los productos. Las tarifas de intercambio pueden variar durante períodos de alta demanda, incluso después de enviar la solicitud. El fondo proporciona a los inversionistas una forma rentable de mantener oro a través de un ETF con opciones de entrega física. Los factores de riesgo importantes incluyen fluctuaciones en el precio del oro, variaciones en el valor de mercado y posibles retrasos en la entrega.
VanEck Merk Gold ETF (OUNZ)는 2025년 6월 27일부터 금 실물 인수를 선택하는 투자자를 위한 거래 수수료 일정을 업데이트했습니다. 주요 수수료 변경 사항은 다음과 같습니다:
- 99.99% 1온스 퍼스 민트 골드 바: 온스당 $60.00
- 99.99% 1온스 로열 캐나다 민트 골드 메이플 리프: 온스당 $145.00
- 99.99% 1온스 US 민트 골드 버팔로: 온스당 $45.00
- 99.99% 런던 킬로 바: 거래 수수료 없음 (고정 신청 수수료 $7,500)
이 ETF는 미국 본토 48개 주에 대한 무료 배송을 계속 제공합니다. 처리 수수료에는 거래 수수료와 배송 수수료가 포함되며, 대부분 제품에 대해 표준 신청 수수료는 $600입니다. 거래 수수료는 신청 후에도 수요가 많은 기간에 변동될 수 있습니다. 이 신탁은 투자자들에게 실물 인수 옵션이 포함된 ETF를 통해 금을 보유하는 비용 효율적인 방법을 제공합니다. 주요 위험 요소로는 금 가격 변동, 시장 가치 변동, 그리고 배송 지연 가능성이 있습니다.
Le VanEck Merk Gold ETF (OUNZ) a mis à jour son barème des frais d'échange à compter du 27 juin 2025, pour les investisseurs optant pour la livraison physique de l'or. Les principaux changements de frais comprennent :
- Lingot d'or Perth Mint 1oz à 99,99 % : 60,00 $ par once
- Feuille d'érable en or Royal Canadian Mint 1oz à 99,99 % : 145,00 $ par once
- Buffle d'or US Mint 1oz à 99,99 % : 45,00 $ par once
- Barres London Kilo à 99,99 % : pas de frais d'échange (frais de demande fixes de 7 500 $)
L'ETF continue d'offrir la livraison gratuite dans les 48 États continentaux. Les frais de traitement comprennent les frais d'échange et de livraison, avec des frais de demande standard de 600 $ pour la plupart des produits. Les frais d'échange peuvent fluctuer en période de forte demande, même après la soumission de la demande. Le fonds offre aux investisseurs un moyen rentable de détenir de l'or via un ETF avec des options de livraison physique. Les facteurs de risque importants comprennent les fluctuations du prix de l'or, les variations de la valeur marchande et les éventuels retards de livraison.
Der VanEck Merk Gold ETF (OUNZ) hat seinen Gebührenplan für den Handel ab dem 27. Juni 2025 aktualisiert, für Investoren, die eine physische Goldlieferung wählen. Wesentliche Gebühränderungen umfassen:
- 99,99% 1oz Perth Mint Goldbarren: 60,00 $ pro Unze
- 99,99% 1oz Royal Canadian Mint Gold Maple Leaf: 145,00 $ pro Unze
- 99,99% 1oz US Mint Gold Buffalo: 45,00 $ pro Unze
- 99,99% London Kilo Barren: Keine Handelsgebühr (pauschale Anmeldegebühr von 7.500 $)
Der ETF bietet weiterhin kostenlose Lieferung in die unteren 48 Bundesstaaten. Die Bearbeitungsgebühren umfassen sowohl die Handelsgebühr als auch die Liefergebühr, mit einer Standardanmeldegebühr von 600 $ für die meisten Produkte. Die Handelsgebühren können in Zeiten hoher Nachfrage auch nach Antragstellung schwanken. Der Trust bietet Investoren eine kosteneffiziente Möglichkeit, Gold über einen ETF mit physischer Lieferoption zu halten. Wichtige Risikofaktoren sind Goldpreisschwankungen, Marktwertänderungen und mögliche Lieferverzögerungen.
- VanEck Merk Gold ETF eliminates delivery fees for physical gold delivery to lower 48 States, reducing costs for investors
- New competitive Exchange Fee structure introduced for London bars at $0.00 per ounce (only $7,500 flat fee), making large-scale physical delivery more cost-effective
- Exchange fees for popular coins like US Mint Gold Buffalo ($145/oz) and Gold Eagle ($135/oz) remain relatively high compared to spot prices
- Processing fees may increase without notice during high demand periods, creating price uncertainty for delivery applicants
Il VanEck Merk Gold ETF (OUNZ) ha aggiornato il suo programma di commissioni di scambio a partire dal 27 giugno 2025, per gli investitori che optano per la consegna fisica dell'oro. Le principali modifiche alle commissioni includono:
- Lingotto d'oro Perth Mint 1oz 99,99%: 60,00 $ per oncia
- Foglia d'acero d'oro Royal Canadian Mint 1oz 99,99%: 145,00 $ per oncia
- Buffalo d'oro US Mint 1oz 99,99%: 45,00 $ per oncia
- Barre London Kilo 99,99%: nessuna commissione di scambio (commissione fissa di 7.500 $ per domanda)
L'ETF continua a offrire consegna gratuita nei 48 stati continentali. Le spese di elaborazione comprendono sia la commissione di scambio che quella di consegna, con una commissione standard di 600 $ per la maggior parte dei prodotti. Le commissioni di scambio possono variare durante i periodi di alta domanda, anche dopo la presentazione della domanda. Il fondo offre agli investitori un modo conveniente per detenere oro tramite un ETF con opzioni di consegna fisica. I fattori di rischio importanti includono le fluttuazioni del prezzo dell'oro, le variazioni del valore di mercato e possibili ritardi nella consegna.
El VanEck Merk Gold ETF (OUNZ) ha actualizado su calendario de tarifas de intercambio con vigencia a partir del 27 de junio de 2025, para los inversionistas que opten por la entrega física de oro. Los cambios clave en las tarifas incluyen:
- Lingote de oro Perth Mint de 1 oz al 99.99%: 60.00 $ por onza
- Hoja de arce de oro Royal Canadian Mint de 1 oz al 99.99%: 145.00 $ por onza
- Búfalo de oro US Mint de 1 oz al 99.99%: 45.00 $ por onza
- Barras London Kilo al 99.99%: sin tarifa de intercambio (tarifa fija de solicitud de $7,500)
El ETF continúa ofreciendo entrega gratuita a los 48 estados contiguos. Las tarifas de procesamiento incluyen tanto la tarifa de intercambio como la de entrega, con una tarifa estándar de solicitud de $600 para la mayoría de los productos. Las tarifas de intercambio pueden variar durante períodos de alta demanda, incluso después de enviar la solicitud. El fondo proporciona a los inversionistas una forma rentable de mantener oro a través de un ETF con opciones de entrega física. Los factores de riesgo importantes incluyen fluctuaciones en el precio del oro, variaciones en el valor de mercado y posibles retrasos en la entrega.
VanEck Merk Gold ETF (OUNZ)는 2025년 6월 27일부터 금 실물 인수를 선택하는 투자자를 위한 거래 수수료 일정을 업데이트했습니다. 주요 수수료 변경 사항은 다음과 같습니다:
- 99.99% 1온스 퍼스 민트 골드 바: 온스당 $60.00
- 99.99% 1온스 로열 캐나다 민트 골드 메이플 리프: 온스당 $145.00
- 99.99% 1온스 US 민트 골드 버팔로: 온스당 $45.00
- 99.99% 런던 킬로 바: 거래 수수료 없음 (고정 신청 수수료 $7,500)
이 ETF는 미국 본토 48개 주에 대한 무료 배송을 계속 제공합니다. 처리 수수료에는 거래 수수료와 배송 수수료가 포함되며, 대부분 제품에 대해 표준 신청 수수료는 $600입니다. 거래 수수료는 신청 후에도 수요가 많은 기간에 변동될 수 있습니다. 이 신탁은 투자자들에게 실물 인수 옵션이 포함된 ETF를 통해 금을 보유하는 비용 효율적인 방법을 제공합니다. 주요 위험 요소로는 금 가격 변동, 시장 가치 변동, 그리고 배송 지연 가능성이 있습니다.
Le VanEck Merk Gold ETF (OUNZ) a mis à jour son barème des frais d'échange à compter du 27 juin 2025, pour les investisseurs optant pour la livraison physique de l'or. Les principaux changements de frais comprennent :
- Lingot d'or Perth Mint 1oz à 99,99 % : 60,00 $ par once
- Feuille d'érable en or Royal Canadian Mint 1oz à 99,99 % : 145,00 $ par once
- Buffle d'or US Mint 1oz à 99,99 % : 45,00 $ par once
- Barres London Kilo à 99,99 % : pas de frais d'échange (frais de demande fixes de 7 500 $)
L'ETF continue d'offrir la livraison gratuite dans les 48 États continentaux. Les frais de traitement comprennent les frais d'échange et de livraison, avec des frais de demande standard de 600 $ pour la plupart des produits. Les frais d'échange peuvent fluctuer en période de forte demande, même après la soumission de la demande. Le fonds offre aux investisseurs un moyen rentable de détenir de l'or via un ETF avec des options de livraison physique. Les facteurs de risque importants comprennent les fluctuations du prix de l'or, les variations de la valeur marchande et les éventuels retards de livraison.
Der VanEck Merk Gold ETF (OUNZ) hat seinen Gebührenplan für den Handel ab dem 27. Juni 2025 aktualisiert, für Investoren, die eine physische Goldlieferung wählen. Wesentliche Gebühränderungen umfassen:
- 99,99% 1oz Perth Mint Goldbarren: 60,00 $ pro Unze
- 99,99% 1oz Royal Canadian Mint Gold Maple Leaf: 145,00 $ pro Unze
- 99,99% 1oz US Mint Gold Buffalo: 45,00 $ pro Unze
- 99,99% London Kilo Barren: Keine Handelsgebühr (pauschale Anmeldegebühr von 7.500 $)
Der ETF bietet weiterhin kostenlose Lieferung in die unteren 48 Bundesstaaten. Die Bearbeitungsgebühren umfassen sowohl die Handelsgebühr als auch die Liefergebühr, mit einer Standardanmeldegebühr von 600 $ für die meisten Produkte. Die Handelsgebühren können in Zeiten hoher Nachfrage auch nach Antragstellung schwanken. Der Trust bietet Investoren eine kosteneffiziente Möglichkeit, Gold über einen ETF mit physischer Lieferoption zu halten. Wichtige Risikofaktoren sind Goldpreisschwankungen, Marktwertänderungen und mögliche Lieferverzögerungen.
Free Writing Prospectus
VanEck Merk Gold ETF
2025-06-25 VanEck Merk Gold Trust (OUNZ) - Fees
0001546652
Pursuant to 433/164
333-274643
This page is hosted on the fund section of Merk Funds ® Help v VANECK ® MERK ® Gold ETF T HE GOLD ETF THAT DELIVERS STRATEGIES V INSIGHTS & RESEARCH ABOUT MERK Contact Us OU NZ ® ® VanEck Merk Gold ETF Fund Description The VanEck Merk Gold ETF (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. i52, Factsheet i52, Prospectus
Overview Delivery Fees Taking Delivery Responsible Sourcing FAQ Documents Delivery Fees The Processing Fees for investors taking delivery of their gold ("Delivery Applicants") are comprised of an Exchange Fee and a Deliverv. Fee . Delivery Fee No Delivery Fee is charged for the delivery of physical gold to destinations in the lower 48 States . Exchange Fee The Exchange Fee below is effective June 27, 2025 and supersedes any previously published Exchange Fees, including those in the prospectus:
Fee per Ounce Fee per Application 99 . 99% $40 . 00 $600 1oz Perth Mint Gold Bar 99.99% $60.00 $600 1oz 2025 Royal Canadian Mint Gold Maple Leaf 99.99% $145.00 $600 1oz 2025 US Mint Gold Buffalo 99 . 99% $45 . 00 $600 1oz Gold Bar Royal Canadian Mint 99.99% $135.00 $600 1oz 2025 US Mint Gold Eagle 99.99% $15.00 $600 1kg Kilo Bars 95.00% - 99.99% $0.00 $7 , 500 London bars Type of Gold Bar Exchange Fee Purity
Sample Exchange Fees
During times of high demand for coins in the market, Processing Fees may be updated frequently and may be updated after the time a Delivery Applicant submits an application before it is pre - approved; in this case, the Delivery Applicant may have to pay a higher Processing Fee to have the Delivery Application pre - approved. You may also use our online calculator to determine the number of ounces your shares correspond to. The Exchange Fee covers the cost of exchanging OUNZ shares into gold bars in the form of London Bars which the Trust holds in the vault, as well as the cost of converting London Bars into the gold coins or smaller gold bars that investors may prefer for delivery. The Exchange Fee for gold coins and bars, outside of London Bars, reflects the premium such coins and bars are trading at relative to the spot price of gold. In an effort to keep Exchange Fees predictable, the precious metals dealer will choose coins and bars from inventory regardless of date. Special requests may be accommodated, but are subject to inventory and may be subject to higher fees. We would publish the
pricing for special requests on this page, making it available to other investors as well. Aside from being able to request delivery of London Bars, investors may request to have their shares exchanged for other gold bars and coins, without numismatic value, having a minimum fineness (or purity) of 995 parts per 1,000 (99.5%) or, for American Gold Eagle gold coins, with a minimum fineness of 91.67%. All fees are subject to change upon notice and the Sponsor may waive or reduce the Exchange Fees from time to time. Ready to take delivery? Please click here .
Trading fees and other costs may apply. (*) If an investor redeems some or all of its shares in exchange for the underlying gold (including American Gold Eagle Coins) represented b y 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 b y the i n v estor w ill be a taxable event. For details, please see "Taxation of U.S. Investors" in the wosP - ectus . A delivery applicant must submit a delivery application and payment for the processing and delivery fees to cover the cost of prepa r ing and transporting the gold. The delivery of physical gold to applicants may take considerable time and the delay in delivery could result in l osses if the price of gold declines. A sha r e submission i s irrevocable.
The material must be preceded or accompanied by a RrDSRectus . Before investing you should carefully consider the VanEck Merk Gold ETF's (the "Trust" or "OUNZ") investment objectives, risks, charges and expenses. Investing involves significant 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 P - _rosg_ectus .
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 i n any ju r isdiction 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 " ). Van Eck Securit i es Corporation provides marketing services to the Trust. All rights reserved. All trademarks, service marks or registered trademarks are the property of their respective owners . I VANECK ® MERK ® Gold ETF THE G O LD ETF TH A T DELI V ER S C O M P ANY C O NTAC T U S The VanEck Merk Gold ETF (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. Ins i ghts & Resea r ch About Merk (650 ) 323 - 4341 © 2 025 M e r k In ves tm e nt s LL C
FAQ
What are the new Exchange Fees for OUNZ gold delivery as of June 27, 2025?
Does OUNZ charge a Delivery Fee for physical gold delivery in the United States?
What is the minimum purity requirement for OUNZ gold bars and coins?
Is taking physical delivery of gold from OUNZ ETF a taxable event?
What risks should investors know about OUNZ's physical gold delivery process?
