Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day
   
-0.41%  
1 week
   
-0.30%  
4 week   +1.66%
   
3 month   +1.34%
   
YTD   +6.98%
   
1 year   +1.34%
   
3 years*
   
-4.84%  
5 years*
   
-4.17%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets118.83M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash72.90%  
Stocks0.00%  
Bonds10.04%  
Other17.06%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.810.00(0.00%)
Aug 24, 8:00PM 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. 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* -1.89 -10.16 -14.58 0.11
Beta* 29.99 25.58 40.75 1.60
Mean annual return 0.39 -0.38 -0.34 0.16
R-squared* 4.96 1.46 3.79 0.25
Standard deviation 8.17 7.42 8.35 9.70
Sharpe ratio 0.55 -0.63 -0.50 0.10
* Against standard index

Top 10 holdings