Merk Hard Currency Inv
Three Canal Plaza Portland, ME 04112
Map
Phone: 866-637-5386
| Category: | Currency | | Fund Family: | Merk Funds | | Net Assets: | 438.40M | | Year-to-Date Return: | 13.63% | | Yield: | 0.00% | | Morningstar Rating: | N/A | | Fund Inception Date: | 10-May-05 |
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Axel Merk
Lead Manager since
10-May-05 | | | Merk is president of the Merk Investments, LLC which he founded in 2001. He conducted investment advisory activities for Merk Investments AG, a company he founded in Switzerland in 1994, until he transferred these activities to the Adviser in 2001. |
| Min Initial Investment: | $2,500 | | Min Initial Investment, IRA: | $1,000 | | Min Initial Investment, AIP: | $2,500 | | Min Subsequent Investment: | $100 | | Min Subsequent Investment, IRA: | $100 | | Min Subsequent Investment, AIP: | $100 |
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| The investment seeks to protect against the depreciation of the U.S. dollar relative to other currencies. The fund invests at least 80% of assets in ?hard currency? denominated investments. ?Hard currencies? refers to currencies in which investors have confidence, such as those of economically and politically stable countries. It normally invests in a basket of hard currency denominated investments composed of high quality, short-term money market instruments of countries pursuing ?sound? monetary policy and indirectly in gold. Sound monetary policy is defined as providing an environment fostering long-term price stability. The fund is nondiversified. |
| Last Dividend
(27-Jun-08):
| 0.15 | | Last Cap Gain
(10-Dec-08):
| 0.03 | | Annual Holdings Turnover
| 27.00% | | Average for Category:
| 4.50% |
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| Expense | MERKX | Category
Avg | | Total Expense Ratio: | 1.30%
| 1.65% | | Max 12b1 Fee: | 0.25%
| N/A | | Max Front End Sales Load: | %
| 3.96% | | Max Deferred Sales Load: | %
| 0.94% | | 3 Yr Expense Projection*: |
$ 418 | $626 | | 5 Yr Expense Projection*: |
$ 723 | $1,000 | | 10 Yr Expense Projection*: |
$ 1,590 | $2,081 |
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