9.50 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating NA
Previous Close 9.50
Category Multicurrency
Net Assets 22.89 Mil
Yield 1.80%
Morningstar Risk NA
Morningstar Return NA
  • Last NAV update 4/16/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks to generate positive absolute returns by investing in securities and instruments that create exposure to currencies. Under normal market conditions, the fund invests at least 80% of the value of its net assets in money market instruments and high quality debt securities denominated in a currency to which the fund seeks exposure or in a combination of U.S. dollar denominated securities and forward currency contracts that expose the fund to such currencies. For purposes of pursuing its investment goal, it will be exposed primarily to currencies of developed countries that, in the Adviser's opinion, have liquid currency markets.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 4.65% -8.41% -1.31% 5.75% 1.16%
Value ($) 10,464.91 9,585.23 9,459.66 10,003.80 10,120.16
  • Year to date performance as of 4/16/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Merk Funds
Fund Manager Axel Merk
Tenure (Years) 5
Fund Status Open
Minimum Initial Purchase 2,500.00
Minimum IRA Investment 1,000.00
Front Load 0.00
Expense Ratio 1.30%
PERFORMANCE
Symbol Value ($)
1 Month 0.22%
3 Months 0.12%
1 Year 2.89%
3 Years* -1.62%
5 Years* NA
  • * Annualized returns
  • Performance as of 4/16/2014 12:00 AM ET
PEER COMPARISON
  MABFX Multicurrency
5-Yr Return NA 2.64%
Sharpe Ratio -0.18 -0.39
Net Assets 22.89 Mil 155.23 Mil
Avg Market Cap NA NA
Avg P/E NA NA
Portfolio Turnover NA 119
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 1,407.62%
Fixed Income 2.34%
Other 4.40%
TOP 10 HOLDINGS
NAME % NET ASSETS
Sweden(Kingdom Of) 17.40%
U.S. Treasury Bill 15.94%
Finland(Rep Of) 3.125% 4.36%
Netherlands (Kingdom of) 3.75% 4.35%
Belgium(Kingdom) 4.18%
France(Govt Of) 4.18%
Canada T-Bill 4.03%
Manitoba Prov Cda Mtn Cds- 3.89%
Esm Tbill 3.85%
Norway(Kingdom Of) 3.82%
DATA PROVIDERS

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