Merk Hard Currency Fund Class Investor (MERKX)

10.03
Net Asset Value
-0.50%
1 Day
+0.60%
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-0.15% 3 years+1.96%
3 months+0.14% 5 years-2.32%
1 year+9.64% Since inception+1.88%
Data through --

Peer Comparisonvs. World bond

 MERKXCategory
Performance 5-yr return-2.32%+1.43%
Expense ratio1.30%0.94%
Risk 5 year sharpe ratio-0.350.31
Net assets$108.6M$2.7B
Average market cap--$30.6B
Average P/E--19.1
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 income56.88%
Cash43.12%
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 Trust8.18%
-- 7.71%
-- 5.98%
-- 5.24%
-- 4.69%
-- 4.02%
-- 3.51%
-- 3.46%
-- 3.42%
-- 2.50%