Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.11%
   
1 week
   
-0.75%  
4 week
   
-0.64%  
3 month   +1.64%
   
YTD   +1.97%
   
1 year
   
-2.51%  
3 years*
   
-6.67%  
5 years*
   
-4.51%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets115.53M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash19.74%  
Stocks0.00%  
Bonds71.74%  
Other8.52%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.30-0.02(-0.21%)
Feb 23, 7:00PM 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. It 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* -11.94 -11.24 -11.50 -0.29
Beta* 45.02 23.63 28.37 1.75
Mean annual return 0.27 -0.45 -0.32 0.11
R-squared* 2.87 1.44 2.02 0.30
Standard deviation 9.20 7.91 7.48 9.79
Sharpe ratio 0.31 -0.70 -0.53 0.07
* Against standard index

Top 10 holdings