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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 -6.04 percent over the past year, -1.26 percent over the past three years, 2.22 percent over the past five years, and 3.15 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-3.2%|
|3 Years (Annualized)||-1.3%|
|5 Years (Annualized)||2.2%|
|10 Years (Annualized)||3.2%|
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 High compared to funds in the same category.
Franklin Templeton Hard Currency Fund has an expense ratio of 1.07 percent.
Risk is N/A compared to funds in the same category according to Morningstar.