Merk Hard Currency Fund

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.

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Performance

The fund has returned -0.19 percent over the past year, -0.10 percent over the past three years, and 5.02 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 1.0%
1 Year -0.2%
3 Years (Annualized) -0.1%
5 Years (Annualized) 5.0%
10 Years (Annualized) N/A

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Summary

The investment seeks to profit from a rise in hard currencies relative to the U.S. dollar. Under normal market conditions, 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 investments composed of high quality, short-term debt instruments, including sovereign debt, and indirectly in gold and gold-related securities. Hard currencies are currencies of countries pursuing what the Adviser believes to be "sound" monetary policy and gold. The fund is non-diversified.

Fees

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

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Risk

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

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