Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.09%  
1 week
   
-0.34%  
4 week
   
-0.32%  
3 month   +0.89%
   
YTD   +0.81%
   
1 year   +0.84%
   
3 years*
   
-1.57%  
5 years*   +4.14%
   
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets310.61M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash80.17%  
Stocks0.00%  
Bonds6.37%  
Other13.45%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
11.58+0.01(0.09%)
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. It 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. Hard currencies are currencies of countries pursuing what the Adviser believes to be "sound" monetary policy and gold. 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* -1.38 -13.98 -8.67     -
Beta* 7.14 47.70 40.90     -
Mean annual return 0.02 -0.02 0.39     -
R-squared* 0.02 3.92 12.84     -
Standard deviation 6.00 8.82 9.74     -
Sharpe ratio 0.03 -0.03 0.47     -
* Against standard index

Top 10 holdings

Security Net Assets  
SPDR Gold Shares 13.49%  
New Zealand(Govt) 6% 6.37%  
Gold 100 Oz Futr Jun14 0.04%