Merk Funds Disclosure

Information contained herein may discuss Fund performance and holdings. Performance data quoted 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. For performance current to the most recent month-end, please visit our website at www.merkfunds.com/fund. Through 12/31/18, the Merk Absolute Return Currency Fund Investor Shares (MABFX) had a 1-year return of -5.19%, a 5-year return of -0.19%, and a return of -0.30% since inception on 09/09/2009; the Merk Hard Currency Fund Investor Shares (MERKX) had a 1-year return of -6.33%, a 5-year return of -3.90%, a 10-year-return of -0.20% and a return of +1.16% since inception on 5/10/2005. All performance figures greater than 1-year are annualized unless otherwise specified. The expense ratio for the Funds is 1.30%. In addition, these article excerpts and hyperlinks reference individual securities that may or may not currently be held by the Fund. Click here to view important information about the Funds, including their holdings. The views in these article excerpts and hyperlinks were those of the Fund's manager as of each article's publication date and may be subject to change.

In addition, these article excerpts and hyperlinks reference individual securities that may or may not currently be held by the Fund. Click here to view important information about the Funds, including their holdings. The views in these article excerpts and hyperlinks were those of the Fund's manager as of each article's publication date and may be subject to change.

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