Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.22%
   
1 week   +0.22%
   
4 week   +3.10%
   
3 month
   
-2.62%  
YTD   +1.86%
   
1 year   +1.53%
   
3 years*
   
-6.28%  
5 years*
   
-4.05%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets113.82M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash11.02%  
Stocks0.00%  
Bonds78.78%  
Other10.20%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.34+0.03(0.32%)
Jan 19, 7:00PM EST

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* -7.53 -9.91 -13.24 -0.78
Beta* 22.19 11.57 34.39 1.82
Mean annual return 0.00 -0.59 -0.32 0.08
R-squared* 0.77 0.35 3.39 0.32
Standard deviation 8.54 7.59 7.47 9.73
Sharpe ratio -0.04 -0.95 -0.54 0.03
* Against standard index

Top 10 holdings