Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
Find more results for MUTF:MERKX

Performance

Trailing returns

1 day
   
-0.10%  
1 week
   
-0.10%  
4 week
   
-0.10%  
3 month   +0.00%  
YTD   +6.43%
   
1 year   +3.94%
   
3 years*
   
-5.19%  
5 years*
   
-3.02%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets127.58M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash75.37%  
Stocks0.00%  
Bonds10.22%  
Other14.41%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.76-0.01(-0.10%)
Sep 28, 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* -3.72 -10.10 -15.57 0.04
Beta* 28.82 24.96 43.36 1.62
Mean annual return 0.24 -0.39 -0.35 0.15
R-squared* 4.61 1.40 4.12 0.26
Standard deviation 8.18 7.42 8.35 9.70
Sharpe ratio 0.33 -0.64 -0.51 0.10
* Against standard index

Top 10 holdings