Merk Hard Currency Fund Class Investor (MERKX)

10.23
Net Asset Value
-0.78%
1 Day
+2.61%
Year-to-Date
Overall Morningstar Rating
World bond
Style or Category
No Load
Sales Expenses
1.30%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks to profit from a rise in hard currencies relative to the U.S. dollar. 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- high quality- short-term debt instruments- including sovereign debt and gold. To the extent that the fund invests in gold- it will normally do so indirectly through U.S. listed exchange-traded products ("ETPs") that invest in gold bullion and futures contracts- including ETPs sponsored by the Adviser or its affiliates. The fund is non-diversified.

Performance

1 month+1.08% 3 years+1.40%
3 months+4.67% 5 years-2.68%
1 year+9.80% Since inception+2.04%
Data through --

Peer Comparisonvs. World bond

 MERKXCategory
Performance 5-yr return-2.68%+0.91%
Expense ratio1.30%0.94%
Risk 5 year sharpe ratio-0.400.31
Net assets$111.6M$2.7B
Average market cap--$33.7B
Average P/E--21.1
Portfolio turnover81%81%

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Fund Management and Purchase Info

Fund familyMerk Funds
Fund manager & tenureAxel Merk / 12 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Fixed income54.99%
Cash45.00%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 100.00%
Business service 0.00%
Consumer goods 0.00%
Consumer service 0.00%
Energy 0.00%
Top 10 Holdings
Portfolio weighting
OUNZ VanEck Merk Gold Trust8.58%
-- 5.15%
-- 4.61%
-- 3.96%
-- 3.93%
-- 3.49%
-- 3.48%
-- 3.41%
-- 3.36%
-- 3.09%