VanEck Merk Gold ETF (OUNZ) risk factors

Item 1A of every VanEck Merk Gold ETF 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2026 10-K risk factors
51 risks1 reworded
Risk 49 was updated to generalize geopolitical conflicts in the Middle East and Ukraine affecting the Trust and its service providers.
Filed Mar 27, 2026
FY2025 10-K risk factors
51 risks
The Trust's risks are dominated by physical gold price volatility, gold custody and delivery logistics, and counterparty risks with dealers.
Filed Mar 28, 2025