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Zacks Investment Research
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 -5.91 percent over the past year, -0.26 percent over the past three years, and 4.12 percent over the past five years.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-1.6%|
|3 Years (Annualized)||-0.3%|
|5 Years (Annualized)||4.1%|
|10 Years (Annualized)||N/A|
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 are High compared to funds in the same category.
Merk Hard Currency Fund has an expense ratio of 1.30 percent.
Risk is N/A compared to funds in the same category according to Morningstar.