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Merk Absolute Return Currency Inst (MAAIX)

9.16 Up 0.02(0.22%) Aug 22
Prev Close:9.14
YTD Return*:-0.52%
Net Assets*:36.16M
Yield*:4.18%

* As of 31-Jul-14

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

Headlines

  • No Headlines available for MAAIX at this time.

Top Holdings

Symbol% AssetsYTD Return %
New Zealand(Govt) 6%2.01N/A

Fund Basics

Morningstar Overall Rating:N/A
Total Assets:36.16M
Category:Multicurrency
Annual Report Expense Ratio (net):1.05%

Performance & Risk

YTD Return:-0.52%
5y Avg Return:N/A
Rank in Category (ytd):83
% Rank in Category (ytd):116.9%
Beta (3y):14.73
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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