Merk Hard Currency Fund Class Investor (MERKX)

10.49
Net Asset Value
-0.19%
1 Day
-9.10%
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-1.69% 3 years-2.01%
3 months-4.29% 5 years-0.55%
1 year-7.00% Since inception+2.99%
Data through --

Peer Comparisonvs. Multicurrency

 MERKXCategory
Performance 5-yr return-0.55%+0.30%
Expense ratio1.30%1.42%
Risk 5 year sharpe ratio-0.08-0.03
Net assets$225.5M$513.2M
Average market cap--$13.3B
Average P/E--25.1
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

Cash84.61%
Fixed income15.39%
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 ETF15.54%
-- Gold 100 Oz Futr Dec140.15%

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