Merk Currency Enhanced U.S. Equity Fund: Performance

The Merk Currency Enhanced U.S. Equity Fund combines U.S. equities with exposure to currencies, seeking to generate total returns. By employing a currency overlay, the Fund actively manages U.S. dollar and other currency risk while concurrently providing investment exposure to the S&P 500. The combination of U.S. equities and international currencies may bring portfolio benefits similar to adding non-US equity exposure. Currency overlay allocations follow a similar methodology to that of the Merk Absolute Return Currency Fund in seeking to achieve positive absolute returns from the fund’s exposure to currencies.

Fund Documents  Fact Sheet((PDF)PDF)  Fund Profile (PDF)  Prospectus / SAI (PDF)  Semi/Annual Reports (PDF)

The performance numbers below are for Investor Shares for the period ending May 17, 2013. Current As of 03/31/2013   Year-To-Date since 6/30/2012* 1 year Since inception 09/12/2011 cumulative 1 year Since inception 09/12/2011 annualized MUSFX +23.99% +39.97% +41.77% +49.02% +11.09% +21.00% S&P 500 +17.89% +24.91% +30.71% +49.02% +13.96% +24.17% MSCI EAFE +11.67% +27.25% +31.96% +36.60% +11.27% +17.66% Click Here for Dividend Summary

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 1.38%.

The SPXT Index is the S&P 500 Total Return Index. Calculated based on the price changes and reinvested dividends of SPX.

The MSCI EAFE is an index that is used as a proxy for the international equity market performance in developed markets outside the U.S. & Canada. It is considered a major indicator of the direction of global markets.

 

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.