Merk Hard Currency Fund Class Investor (MERKX)

11.01
Net Asset Value
+0.46%
1 Day
-4.59%
Year-to-Date
Overall Morningstar Rating
Multicurrency
Style or Category
No Load
Sales Expenses
1.30%
Expense Ratio
--
Morningstar Risk Rating™
Investment Objective 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.

Performance

1 month-2.57% 3 years-2.41%
3 months-3.67% 5 years+0.61%
1 year-4.41% Since inception+3.73%
Data through --

Peer Comparisonvs. Multicurrency

 MERKXCategory
Performance 5-yr return+0.61%+1.93%
Expense ratio1.30%1.42%
Risk 5 year sharpe ratio0.210.17
Net assets$274.5M$538.0M
Average market cap----
Average P/E----
Portfolio turnover45%45%

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Fund Management and Purchase Info

Fund familyMerk Funds
Fund manager & tenureAxel Merk / 9 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Cash85.67%
Fixed income14.33%
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 Merk Gold ETF14.36%
-- Gold 100 Oz Futr Dec140.02%

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