Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.45%  
1 week
   
-0.27%  
4 week
   
-2.66%  
3 month
   
-4.52%  
YTD
   
-3.83%  
1 year
   
-5.01%  
3 years*
   
-2.30%  
5 years*   +0.52%
   
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets274.54M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash85.67%  
Stocks0.00%  
Bonds0.00%  
Other14.33%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
10.96-0.05(-0.45%)
Sep 19, 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* 4.80 -18.52 -10.20     -
Beta* -25.09 56.05 47.43     -
Mean annual return -0.02 -0.20 0.16     -
R-squared* 0.20 5.64 5.65     -
Standard deviation 4.94 8.38 9.04     -
Sharpe ratio -0.06 -0.30 0.21     -
* Against standard index

Top 10 holdings

Security Net Assets  
Merk Gold ETF 14.36%  
Gold 100 Oz Futr Dec14 0.02%