Merk Hard Currency Fund

Risk

Volatility Measurements

Updated 03.31.2014

Standard Deviation 8.82
Mean -0.02
Sharpe Ratio -0.03
Bear Market Decile Rank 54

Modern Portfolio Theory Statistics

Updated 03.31.2014

Standard Index
BofAML USD LIBOR 3 Mon CM
Best Fit Index
Morningstar Lifetime Moderate Income
R-Squared 3.92 74.3
Beta 47.7 1.43
Alpha -13.98 -8.71