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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.39

$48.3 M

10.63%

$0.89

1.33%

Vitals

YTD Return

-6.6%

1 yr return

-11.0%

3 Yr Avg Return

-1.4%

5 Yr Avg Return

-1.2%

Net Assets

$48.3 M

Holdings in Top 10

72.0%

52 WEEK LOW AND HIGH

$8.3
$8.22
$9.88

Expenses

OPERATING FEES

Expense Ratio 1.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 107.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Global Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.39

$48.3 M

10.63%

$0.89

1.33%

MERKX - Profile

Distributions

  • YTD Total Return -6.6%
  • 3 Yr Annualized Total Return -1.4%
  • 5 Yr Annualized Total Return -1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.08%
DIVIDENDS
  • Dividend Yield 10.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Merk Hard Currency Fund
  • Fund Family Name
    Merk Funds
  • Inception Date
    May 10, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Axel Merk

Fund Description

The fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in "hard currency" denominated investments. The fund normally obtains exposure to hard currencies by directly investing in high quality, short-term debt instruments, including sovereign debt, denominated in hard currencies, or indirectly by investing in domestic fixed income securities and forward foreign currency contracts on hard currencies. The fund is non-diversified.


MERKX - Performance

Return Ranking - Trailing

Period MERKX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.6% -59.5% 0.9% 20.87%
1 Yr -11.0% -15.5% 19.7% 23.56%
3 Yr -1.4%* -4.3% 4.2% 60.70%
5 Yr -1.2%* -2.5% 4.1% 84.57%
10 Yr -2.6%* -3.0% 2.7% 99.43%

* Annualized

Return Ranking - Calendar

Period MERKX Return Category Return Low Category Return High Rank in Category (%)
2021 -8.6% -15.2% 0.9% 65.50%
2020 6.3% -10.9% 12.2% 44.85%
2019 0.9% -10.8% 14.8% 86.46%
2018 -8.0% -15.3% 0.6% 86.71%
2017 9.1% -44.4% 14.4% 20.25%

Total Return Ranking - Trailing

Period MERKX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.6% -59.5% 0.9% 16.02%
1 Yr -11.0% -16.6% 30.5% 21.33%
3 Yr -1.4%* -5.2% 10.9% 56.52%
5 Yr -1.2%* -2.8% 7.4% 82.47%
10 Yr -2.6%* -3.0% 3.6% 99.45%

* Annualized

Total Return Ranking - Calendar

Period MERKX Return Category Return Low Category Return High Rank in Category (%)
2021 -8.6% -15.2% 0.9% 65.50%
2020 6.3% -10.9% 12.2% 44.85%
2019 0.9% -10.8% 14.8% 87.50%
2018 -6.3% -15.3% 3.8% 86.71%
2017 9.1% -44.4% 14.4% 30.06%

NAV & Total Return History


MERKX - Holdings

Concentration Analysis

MERKX Category Low Category High MERKX % Rank
Net Assets 48.3 M 74.5 K 14.7 B 80.88%
Number of Holdings 33 4 4562 93.84%
Net Assets in Top 10 34.6 M -112 M 3.66 B 60.19%
Weighting of Top 10 72.02% 4.7% 100.0% 17.79%

Top 10 Holdings

  1. United States Treasury Bills 13.76%
  2. Kommuninvest I Sverige AB 1% 13.33%
  3. Norway (Kingdom Of) 12.15%
  4. Norway (Kingdom Of) 12.15%
  5. Norway (Kingdom Of) 12.15%
  6. Norway (Kingdom Of) 12.15%
  7. Norway (Kingdom Of) 12.15%
  8. Norway (Kingdom Of) 12.15%
  9. Norway (Kingdom Of) 12.15%
  10. Norway (Kingdom Of) 12.15%

Asset Allocation

Weighting Return Low Return High MERKX % Rank
Cash
54.77% -130.07% 95.62% 2.84%
Bonds
44.41% 0.00% 220.33% 96.68%
Other
0.82% -9.71% 100.00% 10.43%
Stocks
0.00% 0.00% 7.47% 54.03%
Preferred Stocks
0.00% 0.00% 2.87% 36.49%
Convertible Bonds
0.00% 0.00% 11.19% 90.52%

MERKX - Expenses

Operational Fees

MERKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.33% 0.02% 3.65% 18.18%
Management Fee 1.00% 0.00% 2.08% 97.56%
12b-1 Fee 0.25% 0.00% 1.00% 26.26%
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

MERKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MERKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MERKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 107.00% 6.00% 354.00% 67.46%

MERKX - Distributions

Dividend Yield Analysis

MERKX Category Low Category High MERKX % Rank
Dividend Yield 10.63% 0.00% 17.40% 45.50%

Dividend Distribution Analysis

MERKX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

MERKX Category Low Category High MERKX % Rank
Net Income Ratio -1.08% -1.08% 5.77% 100.00%

Capital Gain Distribution Analysis

MERKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

MERKX - Fund Manager Analysis

Managers

Axel Merk


Start Date

Tenure

Tenure Rank

May 10, 2005

16.98

17.0%

Axel Merk is President and founded Merk Investments LLC in 2001. Mr. Merk heads the portfolio management team. Mr. Merk conducted investment advisory activities for Merk Investments AG, a company he founded in Switzerland in 1994, until he transferred these activities to Merk Investments LLC in 2001. He holds a B.A. in Economics (magna cum laude) and a M.Sc. in Computer Science from Brown University in Rhode Island. Mr. Merk has been a portfolio manager of the Merk Hard Currency Fund since it’s inception in 2005.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67