Merk Hard Currency Fund Class Investor (MERKX)

11.61
Net Asset Value
+0.09%
1 Day
+0.61%
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. 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. Hard currencies are currencies of countries pursuing what the Adviser believes to be "sound" monetary policy and gold. The fund is non-diversified.

Performance

1 month-0.99% 3 years-1.15%
3 months+1.68% 5 years+4.27%
1 year+0.01% Since inception+4.19%
Data through --

Peer Comparisonvs. Multicurrency

 MERKXCategory
Performance 5-yr return+4.27%+3.02%
Expense ratio1.30%1.36%
Risk 5 year sharpe ratio0.470.36
Net assets$310.6M$494.9M
Average market cap----
Average P/E----
Portfolio turnover56%56%

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Fund Management and Purchase Info

Fund familyMerk Funds
Fund manager & tenureAxel Merk / 8 Years
Minimal initial investment$2,500.00
Minimum IRA investment$1,000.00

Holdings

Cash79.10%
Fixed income20.90%
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
GLD SPDR Gold Shares14.78%
-- New Zealand(Govt) 6%6.05%
-- Gold 100 Oz Futr Apr140.07%

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