Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Merk Hard Currency Fund Class Investor (MERKX)

9.98
Net Asset Value
-0.60%
1 Day
+9.19%
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-1.77% 3 years-2.81%
3 months+0.30% 5 years-2.97%
1 year+4.83% Since inception+1.87%
Data through --

Peer Comparisonvs. World bond

 MERKXCategory
Performance 5-yr return-2.97%+1.15%
Expense ratio1.30%0.97%
Risk 5 year sharpe ratio-0.400.32
Net assets$114.6M$2.5B
Average market cap----
Average P/E----
Portfolio turnover81%81%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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 income70.16%
Cash29.84%
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
-- 11.03%
-- 10.74%
OUNZ VanEck Merk Gold Trust8.17%
-- 4.42%
-- 3.87%
-- 3.80%
-- 3.67%
-- 3.56%
-- 3.43%
-- 3.27%