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Information contained herein may discuss Fund performance and holdings. Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. For performance current to the most recent month-end, please visit our website at www.merkfunds.com/fund. Through 03/31/12, the Merk Currency Enhanced U.S. Equity Fund had a cumulative return of 20.99% since inception on 09/14/2011; the Merk Absolute Return Currency Fund Investor Shares had a 1-year return of -7.57%, and a return of -1.51% since inception on 09/09/2009; the Merk Asian Currency Fund Investor Shares had a 1-year return of -1.28%, a 3-year return of +0.98%, and a return of -0.47% since inception on 04/01/2008; the Merk Hard Currency Fund Investor Shares had a 1-year return of -1.68%, a 3-year return of +7.25%, a 5-year return of +5.37% and a return of +5.45% since inception on 5/10/2005. All performance figures greater than 1-year are annualized unless otherwise specified.

In addition, these article excerpts and hyperlinks reference individual securities that may or may not currently be held by the Fund. Click here to view important information about the Funds, including their holdings. The views in these article excerpts and hyperlinks were those of the Fund's manager as of each article's publication date and may be subject to change.

Print and Online Media
Apr 26, 2012 Merk Senior Economic Adviser William Poole tells Bloomberg unpredictable Fed policy leads to economic inefficiencies and more market volatility
Apr 19, 2012 Portfolio manager Axel Merk tells The Street the ECB's liquidity injections are meant to help banks stomach sovereign defaults
Apr 10, 2012 Portfolio manager Axel Merk tells Barron's the government and the Bank of Japan are getting more assertive which may not be good for the yen
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TV
May 2, 2012 Portfolio manager Axel Merk tells Fox Business QE 3 may be back on the table
Apr 20, 2012 Portfolio manager Axel Merk tells Fox Business there may be no such thing as a safe asset anymore
Apr 13, 2012 Policymakers around the world are hoping for the best but planning for the worst, portfolio manager Axel Merk tells CNBC
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Radio
Apr 19, 2012 Portfolio manager Axel Merk is a guest on Bloomberg Radio
Apr 11, 2012 Portfolio manager Axel Merk is a guest on KNX 1070
Apr 4, 2012 Portfolio manager Axel Merk is a guest on KNX 1070
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The views in these press releases, media interviews or hyperlinks were those of the Fund manager as of the date of release or date of interview and such views may be subject to change.

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