Merk Absolute Return Currency Inv
(MABFX)
US Markets Closed
AdChoices
9.12
-0.02
-0.22%
:

Previous Close

9.14

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)

        • 21.20

        • 52,500,000

        • 0

        • U.S. Treasury Bill

        • 6.96

        • 2,500,000

        • 0

        • Australia(Cmnwlth) 4.5%

        • 4.55

        • 1,750,000

        • 0

        • New Sth Wales Tsy 6%

        • 4.50

        • 1,700,000

        • 1,700,000

        • Alberta Prov Cda 2.75%

        • 4.50

        • 1,750,000

        • 0

        • Canada T-Bill

        • 4.47

        • 1,750,000

        • 0

        • Queensland Tsy Cp 5.75%

        • 4.44

        • 1,700,000

        • 0

        • New Brunswick Prov Cda 4.5%

        • 4.42

        • 1,700,000

        • 0

        • Norway(Kingdom Of)

        • 4.29

        • 9,700,000

        • 0

        • Germany (Federal Republic Of)

        • 3.73

        • 1,000,000

        • 0

        • Name

        • Rating

        • YTD Return %

          • Columbia Absolute Ret Ccy & Inc Z

          • 4.02

          • Ashmore Emerging Markets Ccy A

          • -1.25

          • Lord Abbett Emerging Markets Currency C

          • -0.97

          • ProFunds Falling US Dollar Investor

          • -6.95

          • Columbia Absolute Ret Ccy & Inc A LW

          • 3.78

          • Columbia Absolute Ret Ccy & Inc C

          • 3.16

          • ProFunds Rising US Dollar Service

          • 3.20

          • Ashmore Emerging Markets Ccy A LW

          • -1.25

          • ProFunds Rising US Dollar Investor

          • 4.02

          • Columbia Absolute Ret Ccy & Inc B

          • 3.15

          • 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