VanEck Merk Gold ETF (OUNZ) Operating Expenses (2015 - 2026)
VanEck Merk Gold ETF (OUNZ) posted Operating Expenses of $1.68 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 55.5% from $1.08 million a year earlier but down 6.7% from the prior quarter.
VanEck Merk Gold ETF (OUNZ) Operating Expenses (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Operating Expenses at VanEck Merk Gold ETF was $6.34 million, up 84.7% year-over-year; for FY2026 (ended Jan 31, 2026), it was $4.83 million, up 87.3% from FY2025.
- Annual Operating Expenses has increased for eight consecutive fiscal years, with a five-year compound annual growth rate of 36.7% (FY2021 to FY2026).
- In prior fiscal years, VanEck Merk Gold ETF's Operating Expenses was $2.58 million in FY2025 (+43.4%), $1.8 million in FY2024 (+15.5%), $1.56 million in FY2023 (+22.5%) and $1.27 million in FY2022 (+25.5%).
- Quarterly Operating Expenses has run from a low of $369,462 in fiscal Q4 2022 to a high of $1.8 million in fiscal Q1 2027 over five years.
- On a year-over-year basis, Operating Expenses has increased in each of the last 15 quarters, with growth averaging 76.6% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 1.1% (fiscal Q4 2023) to 107.4% (fiscal Q4 2026).
- According to Business Quant data, Operating Expenses for the three prior fiscal quarters was $1.8 million (Q1 2027), $1.58 million (Q4 2026) and $1.28 million (Q3 2026).
Peer Comparison
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 1.68 Mn |
| Apr 30, 2026 | 1.80 Mn |
| Jan 31, 2026 | 1.58 Mn |
| Oct 31, 2025 | 1.28 Mn |
| Jul 31, 2025 | 1.08 Mn |
| Apr 30, 2025 | 893,967.00 |
| Jan 31, 2025 | 760,304.00 |
| Oct 31, 2024 | 695,993.00 |
| Jul 31, 2024 | 606,009.00 |
| Apr 30, 2024 | 516,393.00 |
| Jan 31, 2024 | 479,055.00 |
| Oct 31, 2023 | 451,271.00 |
| Jul 31, 2023 | 458,754.00 |
| Apr 30, 2023 | 409,800.00 |
| Jan 31, 2023 | 373,583.00 |
| Oct 31, 2022 | 380,901.00 |
| Jul 31, 2022 | 406,742.00 |
| Apr 30, 2022 | 396,568.00 |
| Jan 31, 2022 | 369,462.00 |
| Oct 31, 2021 | 329,573.00 |
VanEck Merk Gold ETF Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=OUNZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "OUNZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=OUNZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();