Below is the Fund's exposure as of October 31, 2015.
Australasia ex Japan
New Zealand Dollar
The Fund's sectors as of October 31, 2015.
Government Agencies - Norway
Non-U.S. Government - Australia
Non-U.S. Government - Belgium
Non-U.S. Government - Canada
Non-U.S. Government - Germany
Non-U.S. Government - Ireland
Non-U.S. Government - Norway
Non-U.S. Government - Sweden
Non-U.S. Government - United Kingdom
Regional Agency - Australia
Regional Authority - Canada
Supranational - Europe
U.S. Cash Equivalent
U.S. Treasury Bill
Other Net Assets
The Fund's security holdings as of October 31, 2015 are shown below:
Belgium Treasury Bill
Canadian Treasury Bill
European Investment Bank 3.875%
Irish Treasury Bill
Kommunalbanken As 3.00%
Kreditstansalt Fuer Wiederaufbau 3.75%
Manitoba Province 5.20%
New South Wales Treasury Corp 6.00%
New Zealand Government
Norwegian Treasury Bill
Province of Saskatchewan 4.25%
Queensland Treasury Corp SER 15 6.00%
Swedish Treasury Bill
Treasury Corp Victoria 2.75%
U.K. Treasury 2.00%
U.S. Treasury Bill
Western Australian Treasury 3.00%
The Fund accepts investments in the following minimum amounts:
Minimum Initial Investment
Minimum Additional Investment
Roth IRA Accounts
Currency symbols: AUD Australian dollar; CAD Canadian dollar; CHF Swiss Franc; EUR euro; GBP British pound; JPY Japanese yen; NOK Norwegian krone; NZD New Zealand dollar; SGD Singapore dollar; SEK Swedish krona; USD U.S. dollar
Fund holdings are subject to change without notice.
Currency exposure includes unsettled trades, market or accrued cost value of debt securities held, money market deposit account, capital shares sold, accrued income, as well as effective exposure through currency forward contracts, if applicable. US Dollar, net, includes net other assets and liabilities. All percentages are of total net assets. Top holdings currency exposure is before settlements, if any. Sector allocation adheres to balance sheet classifications and makes no adjustment for gold futures exposure. Please also consult with the latest annual or semi-annual report for complete information on assets, liabilities and applicable notes as of the publication date for the respective reports.
*These zipped files are in the Extensible Business Reporting Language format and can only be viewed using an XBRL viewer. If you do not have access to an XBRL reader, please visit the SEC website.
Click here to download the Adobe® Reader® to view and print the PDF version of the Fund Fact Sheet.
†Source for all currency data: Bloomberg. All performance figures versus U.S. dollar, unless otherwise stated.
1Assets reflect investor and institutional shares combined.
As with any mutual fund product, there is no guarantee that the fund will achieve its goals. Investment return and principal value will vary and shares may be worth more or less at redemption than at original purchase; the Fund is not a substitute for a money market fund. Investors should consider the investment objectives, risks and charges and expenses of the Merk Absolute Return Currency Fund carefully before investing. The prospectus contains this and other information about the Merk Absolute Return Currency Fund. To obtain a prospectus, please download it now or call (866) MERK FUND. The prospectus should be read carefully before investing.
Since the Fund primarily invests in foreign currencies, changes in currency exchange rates will affect the value of what the Fund owns and the price of the Fund’s 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 Fund is subject to interest rate risk which is the risk that debt securities in the Fund’s portfolio will decline in value because of increases in market interest rates. The Fund may also invest in derivative securities which can be volatile and involve various types and degrees of risk. For a more complete discussion of these and other Fund risks please refer to the 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.