Merk Absolute Return Currency Fund

Scorecard
---
Lipper
1 1 3 4 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
---
TheStreet.com
D (Sell)

U.S. News evaluated 20 Multicurrency Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all Merk Funds funds

See full Multicurrency rankings

See more fund rankings

Performance

The fund has returned 5.68 percent over the past year, and -1.46 percent over the past three years.

Trailing Returns Updated 03.31.2014
Year to date 1.5%
1 Year 5.7%
3 Years (Annualized) -1.5%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

See more MABFX performance

Summary

The investment seeks to generate positive absolute returns by investing in securities and instruments that create exposure to currencies. Under normal market conditions, the fund invests at least 80% of the value of its net assets in money market instruments and high quality debt securities denominated in a currency to which the fund seeks exposure or in a combination of U.S. dollar denominated securities and forward currency contracts that expose the fund to such currencies. For purposes of pursuing its investment goal, it will be exposed primarily to currencies of developed countries that, in the Adviser's opinion, have liquid currency markets.

Fees

Fees are Low compared to funds in the same category.
Merk Absolute Return Currency Fund has an expense ratio of 1.30 percent.

See more MABFX fees

Risk

Risk is N/A compared to funds in the same category according to Morningstar.

See more MABFX risk