Merk Absolute Return Currency Inv
(MABFX)
US Markets Closed
AdChoices
9.10
-0.01
-0.11%
:

Previous Close

9.11

Net Assets

23.26M

Yield

3.89%

Front load

None

Expenses

1.30%

Category

Multicurrency

Morningstar Risk

-

Morningstar Rating -
AdChoices
Performance
Returns %
Key statistics
  • Composition
  • Performance
  • Top Holdings
  • Top Rated Funds
  • Fund vs. Category
Quarterly Returns
  • Annual

  • MABFX

  • Category

    • 2013

    • 5.75%

    • -

    • 2012

    • -1.31%

    • -

    • 2011

    • -8.41%

    • -

    • 2010

    • 4.65%

    • -

    • 2013

    • 2012

    • 2011

      • Q1

      • 1.55%

      • 2.29%

      • 1.37%

      • Q2

      • 2.07%

      • -9.61%

      • -3.14%

      • Q3

      • 1.07%

      • 2.60%

      • -6.01%

      • Q4

      • 0.95%

      • 4.03%

      • -0.76%

      Composition
      • Name

      • % Portfolio Weight

      • Shares Held

      • Change

        • Sweden(Kingdom Of)

        • 16.09

        • 52,500,000

        • 52,500,000

        • U.S. Treasury Bill

        • 13.27

        • 6,000,000

        • 6,000,000

        • U.S. Treasury Bill

        • 5.53

        • 2,500,000

        • 0

        • Norway(Kingdom Of)

        • 3.92

        • 11,400,000

        • 11,400,000

        • Canada T-Bill

        • 3.55

        • 1,800,000

        • 1,800,000

        • Alberta Prov Cda 2.75%

        • 3.47

        • 1,750,000

        • 0

        • New Brunswick Prov Cda 4.5%

        • 3.40

        • 1,700,000

        • 0

        • Australia(Cmnwlth) 4.5%

        • 3.39

        • 1,750,000

        • 0

        • Westn Aust Tsy Cp 7%

        • 3.37

        • 1,700,000

        • 700,000

        • New Sth Wales Tsy 6%

        • 3.35

        • 1,700,000

        • 0

        • Name

        • Rating

        • YTD Return %

          • Lord Abbett Emerging Markets Currency F

          • -0.40

          • Lord Abbett Emerging Markets Currency R2

          • -0.63

          • Lord Abbett Emerging Markets Currency R3

          • -0.71

          • Columbia Absolute Ret Ccy & Inc C

          • 4.06

          • PIMCO Emerging Markets Currency P

          • -0.57

          • JPMorgan International Currency Inc C

          • -2.88

          • PIMCO Emerging Markets Currency C

          • -1.40

          • PIMCO Emerging Markets Currency D

          • -0.81

          • Lord Abbett Emerging Markets Currency I

          • -0.16

          • Columbia Absolute Ret Ccy & Inc Z

          • 4.86

          • Name

          • MABFX

          • Category

            • Expense Ratio

            • 1.30%

            • 1.22%

            • Net Assets

            • 23.26M

            • 155.23M

            • Dividend Yield

            • -

            • -

            • Price/Book

            • -

            • -

            • Price/Sales

            • -

            • -

            • Price/Cash Flow

            • -

            • -

            Profile

            Name of Issuer

            Merk Funds

            Fund Style

            Open

            Fund Manager

            Axel Merk

            Investment Style

            -

            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.

            Purchase Information

            Initial Purchase 2,500
            Initial Purchase: IRA 1,000
            Initial Purchase: AIP 2,500
            Front load None
            Back Load None

            Inception

            9/9/2009