Merk Hard Currency Fund Class Investor

 (MUTF:MERKX)   Watch this mutual fund  
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Performance

Trailing returns

1 day   +0.11%
   
1 week   +0.11%
   
4 week
   
-0.52%  
3 month   +1.60%
   
YTD   +4.27%
   
1 year
   
-3.74%  
3 years*
   
-6.01%  
5 years*
   
-2.93%  
*annualized
Best 3 month return+13.01%  
Worst 3 month return-16.92%  

Morningstar statistics

Morningstar category: Multicurrency

Key statistics

Total assets111.34M 
Front load-  
Deferred load-  
Expense ratio1.30%  
Management fee-  
Fund familyMerk Funds 

Asset allocation

Cash28.75%  
Stocks0.00%  
Bonds62.48%  
Other8.77%  

Purchase information

Initial$2,500  
Additional$100  
IRA Initial$1,000  
AIP Initial$2,500  
AIP Additional$100  
9.56+0.03(0.31%)
Jun 22, 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* -1.47 -10.90 -11.77 -0.57
Beta* 1.40 21.49 37.39 1.88
Mean annual return -0.04 -0.45 -0.19 0.09
R-squared* 0.01 1.23 3.34 0.34
Standard deviation 6.64 7.89 7.14 9.78
Sharpe ratio -0.16 -0.72 -0.34 0.05
* Against standard index

Top 10 holdings