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Merk Hard Currency Fund Class Investor (MERKX)

Net Asset Value
1 Day
Overall Morningstar Rating
World bond
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. 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.


1 month-0.81% 3 years-2.74%
3 months-4.68% 5 years-3.51%
1 year+5.74% Since inception+1.70%
Data through --

Peer Comparisonvs. World bond

Performance 5-yr return-3.51%+1.15%
Expense ratio1.30%0.95%
Risk 5 year sharpe ratio-0.450.27
Net assets$109.0M$2.7B
Average market cap----
Average P/E----
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


Fixed income63.54%
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
-- 10.61%
-- 10.36%
OUNZ VanEck Merk Gold Trust8.02%
-- 4.80%
-- 4.31%
-- 3.72%
-- 3.70%
-- 3.53%
-- 3.18%
-- 3.13%