Performance
Trailing returns
| 1 day |
| -0.67% | |||
| 1 week |
| -0.51% | |||
| 4 week | +1.11% |
| |||
| 3 month |
| -1.09% | |||
| YTD |
| -2.96% | |||
| 1 year | +1.89% |
| |||
| 3 years* | +3.30% |
| |||
| 5 years* | +1.40% |
| |||
| *annualized | |||||
| Best 3 month return | +13.01% | |
| Worst 3 month return | -16.92% |
Morningstar statistics
Morningstar category: Multicurrency
Key statistics
| Total assets | 501.04M | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 1.30% | |
| Management fee | - | |
| Fund family | Merk Funds |
Asset allocation
| Cash | 76.70% | |
| Stocks | 0.00% | |
| Bonds | 14.64% | |
| Other | 8.66% |
Purchase information
| Initial | $2,500 | |
| Additional | $100 | |
| IRA Initial | $1,000 | |
| AIP Additional | $100 |
11.79-0.08(-0.67%)
Jun 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. It normally invests in a basket of hard currency denominated investments composed of high quality, short-term debt instruments and indirectly, in gold. The fund will specifically seek the currency risk of select countries pursuing what the Adviser believes are sound monetary policies. It is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset manager:
Axel Merk (Started: May 10, 2005)
Axel Merk (Started: May 10, 2005)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | -35.25 | -2.18 | 3.02 | - | |
| Beta* | 127.91 | 20.64 | -2.41 | - | |
| Mean annual return | 0.34 | 0.35 | 0.15 | - | |
| R-squared* | 32.73 | 0.90 | 0.47 | - | |
| Standard deviation | 6.22 | 10.00 | 11.66 | - | |
| Sharpe ratio | 0.64 | 0.42 | 0.13 | - | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| SPDR Gold Shares | 8.72% | |
| New Zealand(Govt) 6% | 6.39% | |
| Singapore(Govt Of) 3.625% | 4.32% | |
| Alberta Cap Fin thority | 3.94% | |
| Gold 100 Oz Futr Jun13 | 0.06% |