Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.43%
   
1 week   +0.76%
   
4 week
   
-3.35%  
3 month
   
-5.23%  
YTD   +0.76%
   
1 year   +1.32%
   
3 years*
   
-6.59%  
5 years*
   
-4.28%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets125.12M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash20.08%  
Stocks0.00%  
Bonds65.70%  
Other14.22%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.25+0.01(0.11%)
Dec 1, 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* -1.95 -8.84 -13.04 -0.08
Beta* 13.45 12.58 33.22 1.62
Mean annual return 0.14 -0.49 -0.33 0.14
R-squared* 1.10 0.44 3.26 0.26
Standard deviation 8.60 7.45 7.46 9.72
Sharpe ratio 0.17 -0.80 -0.55 0.09
* Against standard index

Top 10 holdings