Merk Asian Currency Fund

Risk

Volatility Measurements

Updated 02.28.2014

Standard Deviation 4.53
Mean -0.04
Sharpe Ratio -0.11
Bear Market Decile Rank 27

Modern Portfolio Theory Statistics

Updated 02.28.2014

Standard Index
BofAML USD LIBOR 3 Mon CM
Best Fit Index
MSCI AC Far East Ex Japan NR USD
R-Squared 8.8 73.21
Beta 36.84 0.21
Alpha -11.1 -1.48