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The Merk Funds: Institutional Shares
Merk Institutional Shares

Merk Funds provides an institutional share class for the Merk Hard Currency Fund (MHCIX) and the Merk Absolute Return Currency Fund (MAAIX). 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 Investment
 
Minimum Initial Investment
Minimum Additional Investment
Standard Accounts
$250,000
None
Traditional & Roth IRA Accounts
$250,000
None

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.

 

Merk Absolute Return Currency Fund Merk Absolute Return Currency Fund (MAAIX)

The Merk Absolute Return Currency Fund Institutional Shares (MAAIX) 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.

Download the Merk Absolute Return Currency Fund Fact Sheet (PDF).


Ticker MAAIX       Min. Inv. $250,000  
Expense Ratio 1.05%   Load No-Load Fund  
Dividends Click here for dividend summary   Portfolio Managers Axel Merk, supported by the investment management team  

 

Merk Hard Currency Fund Merk Hard Currency Fund (MHCIX)

The Merk Hard Currency Fund Institutional Shares (MHCIX) 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.

Download the Merk Hard Currency Fund Fact Sheet (PDF).


Ticker MHCIX       Min. Inv. $250,000  
Expense Ratio 1.05%   Load No-Load Fund  
Dividends Click here for dividend summary   Portfolio Manager Axel Merk, supported by the investment management team  

 

* Includes "Acquired Fund Fees and Expenses" that are derived from the Fund's 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.