3 3 1 1 3
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 3.96 percent over the past year, 3.81 percent over the past three years, and 1.11 percent over the past five years.
|Trailing Returns||Updated 05.31.2013|
|Year to date||-3.8%|
|3 Years (Annualized)||3.8%|
|5 Years (Annualized)||1.1%|
|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 basket of hard currency denominated investments composed of high quality, short-term debt instruments and indirectly, in gold. The fund will specifically seek the currency risk of select countries pursuing what the Adviser believes are sound monetary policies. It is non-diversified.
Fees are Below Average 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.