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Merk Funds ®

Merk Funds provide investors with the opportunity to add managed currency exposure to their portfolios, which may provide valuable diversification benefits:

 

Merk Hard Currency Fund ® (MERKX)

The Merk Hard Currency Fund (MERKX) seeks to profit from a rise in hard currencies relative to the U.S. dollar.

The Merk Hard Currency Fund typically invests in a basket of hard currencies. Hard currencies are currencies backed by sound monetary policy; sound monetary policy focuses on price stability. [ LEARN MORE ]

Merk Hard Currency Fund

Merk Absolute Return Currency Fund ® (MABFX)

The Merk Absolute Return Currency Fund (MABFX) seeks to generate positive absolute returns by investing in currencies.

The Merk Absolute Return Currency Fund is a pure play on currencies, aiming to profit regardless of the direction of the U.S. dollar or traditional asset classes. [ LEARN MORE ]

Merk Absolute Return Currency Fund

Merk Currency Enhanced U.S. Equity Fund ® (MUSFX)

The Merk Currency Enhanced U.S. Equity Fund (MUSFX) combines U.S. equities with exposure to currencies, seeking to generate total returns.

By employing a currency overlay, the Merk Currency Enhanced U.S. Equity Fund actively manages U.S. dollar and other currency risk while concurrently providing investment exposure to the S&P 500. [ LEARN MORE ]

Merk Asian Currency Fund ® (MEAFX)

The Merk Asian Currency Fund (MEAFX) seeks to profit from a rise in asian currencies relative to the U.S. dollar.

The Merk Asian Currency Fund typically invests in a basket of Asian currencies. Asian currencies the Fund may invest in include, but are not limited to, the currencies of China, Hong Kong, Japan, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand. [ LEARN MORE ]

Merk Asian Currency Fund

Institutional Shares

The institutional share class eliminates the 12b-1 fee and has a minimum investment of $250,000, which may be aggregated across multiple accounts for advisers. [ LEARN MORE ]

   


Reasons to Invest

Merk Funds may be appropriate for you if you:

• Are pursuing a long-term goal with a currency component to your portfolio

• Are willing to tolerate the risks associated with investments in currencies

• Or are looking for a way to potentially mitigate downside risk in or profit from a secular bear market.


Since the Funds primarily invest in foreign currencies, changes in currency exchange rates affect the value of what the Funds own and the price of the Funds’ shares. Investing in foreign instruments bears a greater risk than investing in domestic instruments for reasons such as volatility of currency exchange rates and, in some cases, limited geographic focus, political and economic instability, emerging market risk, and relatively illiquid markets. The Funds are subject to interest rate risk, which is the risk that debt securities in the Funds’ portfolio will decline in value because of increases in market interest rates. The Funds may also invest in derivative securities, such as forward contracts, which can be volatile and involve various types and degrees of risk. If the U.S. dollar fluctuates in value against currencies the Funds are exposed to, your investment may also fluctuate in value. The Merk Currency Enhanced U.S. Equity Fund may invest in exchange traded funds (“ETFs”). Like stocks, ETFs are subject to fluctuations in market value, may trade at prices above or below net asset value and are subject to direct, as well as indirect fees and expenses. As a non-diversified fund, the Merk Hard Currency Fund will be subject to more investment risk and potential for volatility than a diversified fund because its portfolio may, at times, focus on a limited number of issuers.