Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.63%
   
1 week
   
-0.10%  
4 week
   
-0.52%  
3 month
   
-3.13%  
YTD
   
-8.05%  
1 year
   
-16.53%  
3 years*
   
-5.71%  
5 years*
   
-2.28%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets155.67M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash79.19%  
Stocks0.00%  
Bonds1.52%  
Other19.29%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.590.00(0.00%)
Apr 24, 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* 40.25 -20.14 -15.06     -
Beta* -284.06 55.09 50.75     -
Mean annual return -1.57 -0.51 -0.16     -
R-squared* 14.84 3.36 5.89     -
Standard deviation 6.10 7.18 9.25     -
Sharpe ratio -3.10 -0.87 -0.22     -
* Against standard index

Top 10 holdings

Security Net Assets  
Merk Gold ETF 19.29%  
Nordic Invest Bk 3% 1.52%  
Gold 100 Oz Futr Jun15 0.01%