Merk Hard Currency Fund Class Investor (MERKX)

9.59
Net Asset Value
0.00%
1 Day
-8.05%
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-0.42% 3 years-5.74%
3 months-3.13% 5 years-2.28%
1 year-16.60% Since inception+1.76%
Data through --

Peer Comparisonvs. Multicurrency

 MERKXCategory
Performance 5-yr return-2.28%-0.64%
Expense ratio1.30%1.42%
Risk 5 year sharpe ratio-0.22-0.05
Net assets$155.7M$488.1M
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

Cash79.19%
Fixed income20.81%
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 Trust19.29%
-- 1.52%
-- 0.01%

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