Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.00%  
1 week
   
-2.17%  
4 week   +1.18%
   
3 month
   
-1.87%  
YTD
   
-9.20%  
1 year
   
-15.60%  
3 years*
   
-6.08%  
5 years*
   
-1.88%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets142.01M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash67.68%  
Stocks0.00%  
Bonds13.47%  
Other18.85%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.49+0.02(0.21%)
Sep 1, 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* -48.53 -28.27 -7.16 0.37
Beta* 132.46 93.97 19.50 1.42
Mean annual return -1.54 -0.50 -0.17 0.20
R-squared* 3.36 6.55 0.61 0.21
Standard deviation 7.55 6.75 8.92 9.62
Sharpe ratio -2.44 -0.90 -0.23 0.12
* Against standard index

Top 10 holdings