Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +1.12%
   
1 week   +0.91%
   
4 week   +3.00%
   
3 month   +7.68%
   
YTD   +8.62%
   
1 year   +2.26%
   
3 years*
   
-4.60%  
5 years*
   
-4.00%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets123.80M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash78.54%  
Stocks0.00%  
Bonds2.92%  
Other18.54%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
10.06+0.10(1.00%)
Apr 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. The fund 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* -0.67 -7.65 -12.99 0.80
Beta* 20.75 12.36 38.30 1.27
Mean annual return 0.30 -0.42 -0.26 0.22
R-squared* 1.90 0.29 3.08 0.16
Standard deviation 8.21 7.25 8.43 9.72
Sharpe ratio 0.43 -0.70 -0.38 0.16
* Against standard index

Top 10 holdings