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Merk Hard Currency Fund: Performance
Merk Hard Currency Fund

The Merk Hard Currency Fund provides you with exposure to a basket of hard currencies from countries with sound monetary policies. This strategy seeks to profit from a rise in hard currencies relative to the U.S. dollar, which may help to diversify your portfolio, and potentially decreases downside risk against a decline in the dollar. The Merk Hard Currency Fund indirectly provides access to these currencies, while seeking to mitigate stock market, credit and interest risks incurred by alternative means of access, such as the typical international equity or bond fund.

The performance numbers below are for Investor Shares for the period ending May 21, 2013.

Fund Documents

 Fact Sheet (PDF)

 Prospectus / SAI (PDF)

 Semi/Annual Reports (PDF)

   
  Current   As of 03/31/2013   Calendar Year Performance
  Year-To-Date 1 year
Since inception
5/10/2005
cumulative
  1 year 3 year 5 year Since inception
5/10/2005
annualized
  2012 2011 2010 2009 2008 2007
2006
MERKX -3.37% +2.51% +41.88%  -0.15% +2.40% +1.39% +4.72%   +4.11% -0.77% +4.63% +13.84% -4.94% +15.18% +11.67%
inverse of
USDX
-4.86%

-3.29% +0.73%   -4.79% -0.77% -2.85% +0.22%   +0.51% -1.43% -1.48% +4.43% -5.67% +9.06% +8.99%
S&P 500 +18.02% +29.74% +69.67%   +13.96% +12.67% +5.81% +6.05%   +16.00% +2.11% +15.06% +26.46% -37.00% +5.49% +15.79%

 

Performance data represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. The Fund's Investor Shares expense ratio is 1.30%.

The ICE U.S. Dollar Index® (USDX) is a trade-weighted geometric average of the U.S. dollar’s value compared to a basket of six major global currencies (euro, Japanese yen, British pound, Canadian dollar, Swedish krona, Swiss franc) set by the ICE (IntercontinentalExchange) Futures US. It is not possible to invest directly in an index.

Standard & Poor's 500 (S&P 500) is a basket of 500 stocks that are considered to be widely held. The S&P 500 index is weighted by market value. It is not possible to invest directly in an index.

Source: Bloomberg

 

 

As with any investment strategy, there is no guarantee we will achieve this goal and the strategy may not be suitable for every investor. The Fund is not a substitute for a money market fund. The prospectus should be read carefully before investing.