5 4 1 3 1
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
U.S. News evaluated 22 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 1.38 percent over the past year, 3.40 percent over the past three years, 2.23 percent over the past five years, and 5.32 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||-0.5%|
|3 Years (Annualized)||3.4%|
|5 Years (Annualized)||2.2%|
|10 Years (Annualized)||5.3%|
The investment seeks to protect against depreciation of the U.S. dollar relative to other currencies. The fund normally invests at least 80% of its net assets in investments denominated in "hard currencies." It normally invests mainly in high-quality, short-term money market instruments and forward currency contracts denominated in foreign hard currencies. The fund tries to expose 100% of its net assets to foreign currencies. It may invest up to 20% of its net assets in instruments denominated in foreign currencies that do not meet all the criteria of hard currencies. The fund is non-diversified.
Fees are Above Average compared to funds in the same category.
Franklin Templeton Hard Currency Fund has an expense ratio of 0.78 percent.
Risk is N/A compared to funds in the same category according to Morningstar.