Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +1.36%
   
1 week   +0.83%
   
4 week
   
-0.21%  
3 month
   
-0.61%  
YTD
   
-6.81%  
1 year
   
-14.29%  
3 years*
   
-3.59%  
5 years*
   
-0.78%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets156.78M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash76.45%  
Stocks0.00%  
Bonds4.18%  
Other19.37%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.78+0.06(0.62%)
Jun 3, 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* -6.18 -19.15 -15.68     -
Beta* -46.49 56.31 54.51     -
Mean annual return -1.33 -0.42 -0.12     -
R-squared* 0.30 2.90 6.26     -
Standard deviation 7.62 7.49 9.38     -
Sharpe ratio -2.10 -0.69 -0.16     -
* Against standard index

Top 10 holdings