Merk Funds provides an institutional share class for the Merk Hard Currency Fund (MHCIX), the Merk Asian Currency Fund (MASIX), the Merk Absolute Return Currency Fund (MAAIX), and the Merk Currency Enhanced U.S. Equity Fund (MUSIX). The institutional shares eliminate the 12b-1 fee and have a minimum investment of $250,000, which may be aggregated across multiple client accounts for advisers.
Minimum Initial Investment
Minimum Additional Investment
Traditional & Roth IRA Accounts
Registered investment advisers may be permitted to aggregate the value across multiple client accounts.
Individual investors with more than $250,000 to invest are encouraged to check with their broker to see if institutional shares are available. Transaction fees and restrictions may apply when investing through a broker.
1Investors with more than $250,000 may invest directly with Merk Mutual Funds. Please contact us or call (866) MERK-FUND for more information on investing in institutional shares.
2Currently only available for the Merk Hard Currency Fund
Merk Currency Enhanced U.S. Equity Fund (MUSIX)
The Merk Currency Enhanced U.S. Equity Fund (MUSIX) seeks to generate total returns that exceed that of the S&P 500 Index.
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.
The Merk Asian Currency Fund Institutional Shares (MASIX) 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.
*Includes "Acquired Fund Fees and Expenses" that are derived from the funds investment in exchange traded funds.
Since the Funds primarily invest in foreign currencies, changes in currency exchange rates will 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, 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 which can be volatile and involve various types and degrees of risk. 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 their portfolios may, at times, focus on a limited number of issuers. For a more complete discussion of these and other Fund risks please refer to each Fund's prospectus.
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.