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    Merk Absolute Return Currency Inv (MABFX)

    8.78 Up 0.02(0.23%) Jul 31
    Prev Close:8.76
    YTD Return*:-6.42%
    Net Assets*:35.57M

    * As of 30-Jun-15

    Quotes delayed, except where indicated otherwise. Currency in USD.


    ยป More Headlines for MABFX

    Top Holdings

    Symbol% AssetsYTD Return %
    New Zealand(Govt) 6%4.74N/A

    Fund Basics

    Morningstar Overall Rating:N/A
    Total Assets:35.57M
    Annual Report Expense Ratio (net):1.30%

    Performance & Risk

    YTD Return:-6.42%
    5y Avg Return:-0.97%
    Rank in Category (ytd):86
    % Rank in Category (ytd):117.81%
    Beta (3y):41.40
    Morningstar Risk Rating:

    Fund Summary

    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 (plus borrowings for investment purposes) 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. Over time, the fund seeks to generate more gains from securities than derivatives. View More
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