Merk Asian Currency Fund: Dividend Summary

Dividend Summary

The Fund declares distributions from net investment income quarterly.  Any net capital gain realized by the Fund will be distributed at least annually.

Net investment income includes, amongst others, interest income net of Fund expenses. Foreign exchange gains and losses may influence net investment income. As a result, the net investment income paid and the Fund's yield as published in databases may not be a reflection of the yields of securities invested in.

Separately, when there are foreign exchange losses, the net income distributed may be significantly reduced or eliminated. Also note that foreign exchange gains may be offset by foreign exchange losses later in the year; as a consequence, and influenced by IRS rules, the bulk of realized currency gains will factor into net income distributions in December (end of calendar year) and March (end of fiscal year).

 

	Record Date	Ex Date	Pay Date	Investor Shares	Institutional Shares
Income	12/28/2011	12/29/2011	12/30/2011	$0.00000	$0.00000
Short Term	12/12/2011	12/13/2011	12/14/2011	$0.00000	$0.00000
Long Term	12/12/2011	12/13/2011	12/14/2011	$0.00000	$0.00000
Income	09/28/2011	09/29/2011	09/30/2011	$0.00000	$0.00000
Income	06/28/2011	06/29/2011	06/30/2011	$0.09765	$0.10354
Income	03/29/2011	03/30/2011	03/31/2011	$0.08617	$0.09179
Income	12/29/2010	12/30/2010	12/31/2010	$0.05468	$0.06657
Capital Gains	12/08/2010	12/09/2010	12/10/2010	$0.00008	$0.00008
Income	09/28/2010	09/29/2010	09/29/2010	$0.00000	$0.00000
Income	06/28/2010	06/29/2010	06/29/2010	$0.01228	$0.01948
Income	03/29/2010	03/30/2010	03/30/2010	$0.00940
Income	12/29/2009	12/30/2009	12/30/2009	$0.03437
Capital Gains	12/09/2009	12/10/2009	12/11/2009	$0.00030