Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.61%  
1 week
   
-0.51%  
4 week   +0.52%
   
3 month   +2.21%
   
YTD
   
-7.00%  
1 year
   
-15.94%  
3 years*
   
-4.57%  
5 years*
   
-0.86%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets151.82M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash74.89%  
Stocks0.00%  
Bonds6.35%  
Other18.76%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.61-0.02(-0.21%)
Jul 2, 4:00PM 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* -5.39 -29.89 -9.20 0.62
Beta* -49.09 106.69 32.12 1.39
Mean annual return -1.34 -0.31 -0.04 0.23
R-squared* 0.42 11.47 1.86 0.20
Standard deviation 7.62 6.82 9.00 9.55
Sharpe ratio -2.11 -0.55 -0.06 0.14
* Against standard index

Top 10 holdings

Security Net Assets  
Merk Gold ETF 18.76%  
CITY OF OSLO 3.87%  
Nordic Invest Bk 3% 1.58%  
New Zealand(Govt) 6% 0.89%  
Gold 100 Oz Futr Aug15 0.00%