Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.21%
   
1 week
   
-0.31%  
4 week
   
-1.42%  
3 month   +2.00%
   
YTD   +5.78%
   
1 year   +0.62%
   
3 years*
   
-4.93%  
5 years*
   
-3.90%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets125.44M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash78.68%  
Stocks0.00%  
Bonds2.26%  
Other19.05%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.63-0.07(-0.72%)
May 26, 8:00PM EDT

Description

The investment seeks to profit from a rise in hard currencies relative to the U.S. dollar. Under normal market conditions, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in "hard currency" denominated investments. The fund 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. The fund is non-diversified.
Fund filings (PDF) »
Asset manager:
Axel Merk (Started: May 10, 2005)
Advisor Company:
Merk Investments, LLC
Fund family reports on Morningstar »
Merk Funds, P.O. Box 588, Portland, ME 04112, USA

Risk

  1 year 3 years 5 years 10 years  
Alpha* -2.71 -9.32 -13.08 0.39
Beta* 25.99 22.69 36.90 1.56
Mean annual return 0.24 -0.37 -0.30 0.19
R-squared* 3.36 0.98 3.02 0.25
Standard deviation 7.95 7.42 8.22 9.60
Sharpe ratio 0.35 -0.61 -0.45 0.13
* Against standard index

Top 10 holdings