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Merk Hard Currency Fund (MERKX): Performance
Merk Hard Currency Fund

The Merk Hard Currency Fund invests in a managed basket of hard currencies from countries with sound monetary policies. This strategy seeks to profit from a rise in hard currencies relative to the U.S. dollar, which may help to diversify your portfolio, and potentially decreases downside risk against a decline in the dollar. The Merk Hard Currency Fund provides access to these currencies, while seeking to mitigate stock market, credit and interest rate risks incurred by alternative means of access, such as the typical international equity or bond fund.

The performance numbers below are for Investor Shares for the period ending June 22, 2017.

Fund Documents

pdf Fact Sheet, Attribution

 Prospectus / SAI

 Semi/Annual Reports

  As of June 22, 2017
(cumulative returns)
 
  YTD 1 year Since inception 5/10/05
MERKX +4.27% -3.74% +19.39%
Inverse of USDX +4.95% -4.18% -13.42%
JPM 3M Cash Index +4.18% -2.91% +8.31%

  As of May 31, 2017
(cumulative returns)
 
  YTD 1 year Since inception 5/10/05
MERKX +4.70% -0.73% +19.89%
Inverse of USDX +5.71% -1.19% -12.93%
JPM 3M Cash Index +4.78% -0.68% +8.94%

  As of March 31, 2017
(annualized returns)
  1 year 5 year 10 year Since inception 5/10/05
MERKX -5.40% -4.21% +0.46% +1.27%
Inverse of USDX -5.74% -4.67% -1.89% -1.44%
JPM 3M Cash Index -5.27% -4.08% -0.21% +0.47%

  Calendar Year Performance
  2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
MERKX -0.33% -12.08% -8.49% -2.76% +4.11% -0.77% +4.63% +13.84% -4.94% +15.18% +11.67%
Inverse of USDX -3.50% -8.48% -11.34% -0.33% +0.51% -1.43% -1.48% +4.43% -5.67% +9.06% +8.99%
JPM 3M Cash Index -2.86% -7.94% -10.37% -0.04% +2.27% +0.77% +0.25% +9.00% -3.22% +13.79% +12.13%

Performance data represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. The Fund's Investor Shares expense ratio is 1.30%.

The ICE U.S. Dollar Index® (USDX) is a trade-weighted geometric average of the U.S. dollar’s value compared to a basket of six major global currencies (euro, Japanese yen, British pound, Canadian dollar, Swedish krona, Swiss franc) set by the ICE (IntercontinentalExchange) Futures US. It is not possible to invest directly in an index.

The J.P. Morgan 3-Month Global Cash Index (expressed in USD) is an equal-weighted aggregate of the cash indices of 13 countries. Each country's cash index measures the total return of a notional, rolling, daily investment in a 3-month constant maturity deposit in such country's currency. Indices cannot be purchased directly by investors.

Source: Bloomberg

 

 

 

 

As with any investment strategy, there is no guarantee we will achieve this goal and the strategy may not be suitable for every investor. The Fund is not a substitute for a money market fund. The prospectus should be read carefully before investing.