Merk Hard Currency Fund Earns 5-Star Rating

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Merk Investments® announced today that Morningstar® has awarded an Overall Rating of five stars to its Merk Hard Currency Fund® (MERKX), their highest rating for risk-adjusted performance.

Merk Investments® announced today that Morningstar® has awarded an Overall Rating of five stars to its Merk Hard Currency Fund® (MERKX), their highest rating for risk-adjusted performance. The Fund was rated among 183 world bond funds, and is one of the select few to be awarded the top rating.

The $360 million fund, launched in 2005, invests in a basket of hard currency denominated investments, composed of high-quality, short-term money market instruments of countries pursuing sound monetary policies, and indirectly in gold.

"We launched the Merk Hard Currency Fund in 2005 as we saw the ballooning trade deficit and the long-term pressures exerted on the U.S. dollar," says Axel Merk, president and chief investment officer at Merk. "Three years later, we are happy to have given over 10,000 investors a chance to seek protection against the continued depreciation of the dollar."

Merk added to its mutual fund offering in April 2008 by launching the Merk Asian Currency Fund (MEAFX), a fund investing in a basket of Asian currencies seeking to protect against the depreciation of the U.S. dollar relative to Asian currencies.

About Merk Investments
Merk Investments (http://www.merkfund.com) is a registered investment adviser and the manager of the Merk Asian Currency Fund (MEAFX) and the Merk Hard Currency Fund (MERKX). Through its mutual funds, Merk Investments seeks to provide retail investors and investment advisors with options to diversify their holdings outside of the U.S. dollar and dollar denominated securities.

For more information on the Merk Mutual Funds, please visit http://www.merkfund.com.

As with any mutual fund product, there is no guarantee that the Fund will achieve its goals. Investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is in the prospectus, a copy of which may be obtained by visiting the Funds' website at http://www.merkfund.com or calling 866-MERKFUND. Please read the prospectus carefully before you invest.

The Fund's investment value will fluctuate, and shares, when redeemed may be worth more or less than original cost. Principal investment risks include, but are not limited to, currency exchange rate risk, foreign instrument risk, gold related and derivative securities risk, interest rate risk, and non-diversification risk. For a more complete discussion of these risks please refer to the Fund's prospectus. Foreside Fund Services, LLC, distributor.

Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics.

©2008 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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