Building Permits - Glossary - Merk Mutual Funds

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What are Building Permits?

The number of building permits issued monthly is used as a proxy for future housing starts. A positive trend in the number of building permits suggests increased residential construction.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by clicking here. Please read the prospectus carefully. Foreside Fund Services, LLC, distributor.