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Merk In the News

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 12/31/2011, the Merk Absolute Return Currency Fund Investor Shares had a 1-year return of -8.41%, and a return of -2.63% since inception on 09/09/2009; the Merk Asian Currency Fund Investor Shares had a 1-year return of -2.15%, a 3-year return of +0.41%, and a return of -0.78% since inception on 04/01/2008; the Merk Hard Currency Fund Investor Shares had a 1-year return of -0.77%, a 3-year return of +5.73%, a 5-year return of +5.29% and a return of +5.31% 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
Jan 26, 2012 AdvisorOne features the Merk Hard Currency Fund as one of their Top 5 Alternative Funds
Jan 26, 2012 Portfolio manager Axel Merk tells theStreet.com commodity currencies should benefit from loose monetary policies around the globe
Jan 26, 2012 As global central banks pursue easy monetary policy, gold may benefit, Portfolio manager Axel Merk tells Reuters
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TV
Jan 27, 2012 Portfolio manager Axel Merk tells Bloomberg TV commodity currencies should be the prime beneficiary of easy monetary policy around the globe
Jan 17, 2012 Portfolio manager Axel Merk tells CNBC currency implications of his view that the ECB will save banks, but not sovereigns
Jan 16, 2012 Portfolio manager Axel Merk tells Bloomberg TV that central banks around the world may print money in 2012 in order to contain potential European contagion
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Radio
Jan 18, 2012 Portfolio manager Axel Merk tells RTT News China may allow the renminbi to strengthen further to fight inflationary pressures
Nov 28, 2011 Portfolio manager Axel Merk discusses Eurozone dynamics on KNX1070.
Nov 23, 2011 Portfolio manager Axel Merk discusses failed German auction 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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