Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.80%  
1 week
   
-1.29%  
4 week
   
-5.16%  
3 month
   
-8.49%  
YTD
   
-4.89%  
1 year
   
-12.66%  
3 years*
   
-5.24%  
5 years*
   
-1.42%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets200.94M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash83.63%  
Stocks0.00%  
Bonds0.00%  
Other16.37%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.90+0.04(0.41%)
Jan 30, 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* 30.93 -18.41 -12.10     -
Beta* -197.35 57.10 46.48     -
Mean annual return -0.72 -0.19 -0.03     -
R-squared* 7.38 8.86 5.59     -
Standard deviation 5.69 6.80 8.92     -
Sharpe ratio -1.53 -0.35 -0.05     -
* Against standard index

Top 10 holdings

Security Net Assets  
Merk Gold ETF 16.40%  
Gold 100 Oz Futr Feb15 0.02%