Merk Currency Enhanced US Equity Instl

The investment seeks to generate total return by investing in securities and instruments that create exposure to U.S. equities and currencies.
The fund seeks to generate total return by managing the currency exposure associated with its investments in U.S. equities and financial instruments that provide exposure to the S&P 500. Under normal market conditions, it will invest at least 80% of its net assets (plus borrowings for investment purposes) in U.S. equities, currencies and financial instruments that provide exposure to U.S. equities and currencies. Over time, the fund seeks to generate more gains from securities than derivatives.

Key stats

Management firm  Merk Funds
Domicile  United States
Fund Administrator  Atlantic Fund Administration, LLC
Global Branding Name  Merk
12 month yield  6.44%
Fund currency  USD
Launch Date  2011-09-12
ISIN  US34984T4287
SEDOL  B45FRQ2
Manager 1 Name  Axel Merk
Fund Strategy  Large Blend
Benchmark  S&P 500 TR USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-06-30
Return - 1 Month  0.05%
Return - 2 Months  1.98 %
Return - 3 Months  2.62%
Return - 6 Months  5.97 %
Return - 9 months  17.99 %
Return - 12 Months  25.85%
Annualized return 24 months  29.23 %
Annualized return 36 months  0.00 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  22.95%
Return YTD  5.97%

Charges

Initial  0.00 %
Minimum Investment  $250,000
Maximum Managment Charge  0.72 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Merk Funds
Contact Address 2  P.O. Box 588
Contact city  Portland
Contact country  United States
Fund Admin Group  Merk Funds
Web Address  www.merkfund.com
Custodian  Citibank N.A. (New York)

Price

Last Price Date  2014-07-03
Pre-tax nav  16.24
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.07
Price change (percentage)  0.43 %
Guaranteed NAV  0.00000
Close Price  0.00

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Ratings Disclaimer

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