On this page of Benford's Law Stocks.com we present our study of VANECK MERK GOLD TRUST — ticker symbol OUNZ. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 3/29/2024 to 6/6/2025 for VANECK MERK GOLD TRUST under CIK number 0001546652. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for OUNZ, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for VANECK MERK GOLD TRUST based on the past OUNZ filings our system processed in the past.
31.6
17.6
10.3
7.4
8.8
2.9
1.5
10.3
9.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing ]
Total numbers found: 136
Recent share count: 52,835,257 (5's column)

= Typical range across full coverage universe
Benford's Law Stocks Indicator
136
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 1 numbers to move any given column by a full percentage point.
6

Starting from a possible score of 100, we made the following score deductions:
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • However, because we observed that the company's shares outstanding count begins with the digit 5, we canceled the penalty multiplier.
 • We deducted points upon observing the 6's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 6's percentage was below the company's typical historical range.
 • We deducted points upon observing the 7's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 7's percentage was below the company's typical historical range.
 • The 8's percentage was higher than the 7's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 8's percentage was above the company's typical historical range.
 • We deducted points upon observing the 9's percentage was above the typical coverage universe range.
Benford's Law Stocks Indicator
OUNZ
Low score compared to other filers, falling in the bottom quartile.
MSB
MINM
EQC
ARKB
PKTX
POLEU
USNU
GLTO
Check our work! We provide our VANECK MERK GOLD TRUST Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the OUNZ filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 43 numbers that start with the digit 1. Here they are:
1,662,219,706
1,314,597,403
13,758,562
1,662,219,706
1,328,355,965
13,506,499
13,758,576
1,662,219,685
1,314,597,389
1,662,219,685
1,314,597,389
1,314,597,389
118,514,599
1,662,219,685
1,662,219,706
100.00
1,662,219,706
100.00
1,662,219,685
100.00
1,314,597,403
100.00
1,314,597,403
100.00
14
1,314,597,389
100.00
1,000
100,000
1,306.25
1,662,219,706
1,662,219,706
1,314,597,403
1,314,597,403
118,514,599
1,314,597,403
117,620,633
1,662,219,706
1,314,597,403
100,000
19.69
17.59
12.44
We found 24 numbers that start with the digit 2. Here they are:
21
252,077
21
27.01
235,630,882
238,854,677
237,960,710
26,788,189
235,630,882
21
230,560,739
2,944
235,630,882
227,982,044
2,788,531
25
27.01
2.46
2.45
22.14
25
25
25
25
We found 14 numbers that start with the digit 3. Here they are:
31.76
3,223,795
309,453
3,223,795
3,979,998
305,292
39,626,030
368,969
38,091
3,223,795
383,204
3,561
312,938,300
31.76
4's 5's 6's
We found 10 numbers that start with the digit 4. Here they are:
436,223,205
48,664,686
469,450
469,450
48,664,686
48,664,686
469,450
469,450
4.77
4.75
We found 12 numbers that start with the digit 5. Here they are:
52,835,257
52,339,392
516,393
516,393
516,393
516,393
504,597
504,597
50,000
500
52,339,392
504,597
We found 4 numbers that start with the digit 6. Here they are:
674,183,915
62,679
62,679
657,109,274
7's 8's 9's
We found 2 numbers that start with the digit 7. Here they are:
780,184,347
780,184,353
We found 14 numbers that start with the digit 8. Here they are:
880,891,128
878,374,184
893,967
893,967
893,967
8,853,013
893,967
880,891,128
880,891,128
878,374,184
8,853,013
878,374,184
8,853,007
89,807
We found 13 numbers that start with the digit 9. Here they are:
992,882,549
988,035,770
97,950,683
98,013,362
97,496,969
97,950,683
904,160,052
992,882,549
992,882,549
988,035,770
9,407,625
9,295,829
9,295,825
While the above OUNZ 10Q Filed 6/6/2025 is interesting in isolation, we have found that it is also useful to take a look at older VANECK MERK GOLD TRUST filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 6/6/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical OUNZ 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

31.6
17.6
10.3
7.4
8.8
2.9
1.5
10.3
9.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 6
XBRL?   [ original filing ]
Total numbers found: 136

= Typical OUNZ range from 3/29/2024 to 6/6/2025
32.4
10.1
10.6
11.2
5.6
12.3
13.4
3.9
0.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 1
XBRL?   [ original filing ]
Total numbers found: 179

= Typical OUNZ range from 3/29/2024 to 6/6/2025
31.3
13.8
19.5
4.1
7.7
7.7
9.2
3.1
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 51
XBRL?   [ original filing ]
Total numbers found: 195

= Typical OUNZ range from 3/29/2024 to 6/6/2025
20.7
12.1
15.0
7.1
10.0
14.3
9.3
0.0
11.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 0
XBRL?   [ original filing ]
Total numbers found: 140

= Typical OUNZ range from 3/29/2024 to 6/6/2025
35.7
13.7
8.2
9.9
6.0
12.6
8.8
3.3
1.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 61
XBRL?   [ original filing ]
Total numbers found: 182

= Typical OUNZ range from 3/29/2024 to 6/6/2025
34.0
8.6
19.8
3.0
10.7
11.7
7.6
0.5
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 33
XBRL?   [ original filing ]
Total numbers found: 197

= Typical OUNZ range from 3/29/2024 to 6/6/2025
 

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