MERKX : Merk Hard Currency Fund Class Investor

Fund Summary

The investment seeks to profit from a rise in hard currencies relative to the U.S. dollar. The fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in "hard currency" denominated investments. It normally invests in a managed basket of hard currency denominated investments composed of high quality, short-term debt instruments, including sovereign debt, and indirectly in gold and gold-related securities. To the extent that the fund invests in gold, it will normally do so indirectly through U.S. listed exchange-traded products ("ETPs") that invest in gold bullion and/or futures contracts. The fund is non-diversified.