Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
Find more results for MUTF:MERKX

Performance

Trailing returns

1 day   +0.21%
   
1 week
   
-1.02%  
4 week
   
-1.72%  
3 month
   
-1.72%  
YTD   +5.78%
   
1 year   +3.30%
   
3 years*
   
-4.76%  
5 years*
   
-4.37%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets120.24M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash76.29%  
Stocks0.00%  
Bonds5.59%  
Other18.12%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.65-0.05(-0.52%)
Jul 21, 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* -5.96 -10.48 -14.34 0.12
Beta* 30.84 30.40 40.89 1.60
Mean annual return 0.09 -0.31 -0.31 0.17
R-squared* 4.13 1.90 3.69 0.25
Standard deviation 9.06 7.62 8.40 9.70
Sharpe ratio 0.10 -0.50 -0.45 0.11
* Against standard index

Top 10 holdings