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Merk Hard Currency Fund Class Investor (MERKX)

Net Asset Value
1 Day
Overall Morningstar Rating
Style or Category
No Load
Sales Expenses
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. 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.


1 month+1.18% 3 years-6.43%
3 months+3.86% 5 years-3.99%
1 year-2.59% Since inception+1.29%
Data through --

Peer Comparisonvs. Multicurrency

Performance 5-yr return-3.99%+0.01%
Expense ratio1.30%1.42%
Risk 5 year sharpe ratio-0.59-0.09
Net assets$111.6M$403.1M
Average market cap----
Average P/E----
Portfolio turnover85%85%

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Fund Management and Purchase Info

Fund familyMerk Funds
Fund manager & tenureAxel Merk / 11 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00


Fixed income74.03%
U.S. stock0.00%
International stock0.00%
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
-- 12.86%
OUNZ VanEck Merk Gold Trust8.83%
-- 6.88%
-- 5.85%
-- 5.41%
-- 5.03%
-- 4.57%
-- 3.22%
-- 3.19%
-- 2.36%