Merk Hard Currency Fund Class Investor

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

Performance

Trailing returns

1 day   +1.04%
   
1 week   +2.22%
   
4 week   +5.56%
   
3 month   +5.68%
   
YTD   +5.56%
   
1 year
   
-1.33%  
3 years*
   
-6.49%  
5 years*
   
-3.03%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets116.60M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash74.84%  
Stocks0.00%  
Bonds6.45%  
Other18.70%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.63-0.05(-0.52%)
Feb 12, 4:00PM EST

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* -7.06 -7.79 -12.08 -0.28
Beta* -1.00 -3.41 32.72 1.66
Mean annual return -0.60 -0.70 -0.32 0.15
R-squared* 0.00 0.02 2.37 0.28
Standard deviation 7.21 6.68 8.21 9.63
Sharpe ratio -1.01 -1.27 -0.47 0.06
* Against standard index

Top 10 holdings