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 0.13 percent over the past year, 0.19 percent over the past three years, and 5.24 percent over the past five years.

Trailing Returns Updated 02.28.2014
Year to date 1.1%
1 Year 0.1%
3 Years (Annualized) 0.2%
5 Years (Annualized) 5.2%
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 1.05 percent.

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Risk

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

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