Parametric 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 -3.75 percent over the past year.

Trailing Returns Updated 02.28.2014
Year to date -0.6%
1 Year -3.8%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to protect against depreciation of the U.S. dollar relative to other currencies. The fund normally seeks its investment objective by investing at least 80% of its net assets in investments that create exposure to currencies other than the U.S. dollar. The adviser expects to gain exposure to non-dollar currencies primarily through positions in monthly or other short-dated forward currency contracts or other derivative instruments backed by holdings of U.S. Treasury bills and other short-term U.S. government obligations. The fund may have concentrated exposures to a particular geographic region or related group of currencies.

Fees

Fees are Low compared to funds in the same category.
Parametric Currency Fund has an expense ratio of 0.90 percent.

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Risk

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

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