MERKX Performance — Merk Hard Currency Fund, Investor Shares
Data updated: 2022-11-17
MERKX returned −16.53% over one year to Sep 2022. Over one year the fund trailed its Money Market category average: $100 grew to $83, against $86 for the category. Volatility over the past 12 months was 9.40% a year. In the 12 months to Sep 2022 the fund lost a net $6.2M, and assets reached $39.34M.
MERKX Growth of $100
What $100 invested in Merk Hard Currency Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Money Market category average over the same months.
| Period | MERKX | Category average |
|---|---|---|
| 1 year (Oct 2021 – Sep 2022) | $83 | $86 |
| Since data start (Jan 2020 – Sep 2022) | $84 | $96 |
MERKX Trailing Returns
Total returns to Sep 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −16.53% |
| 3 years (annualised) | −6.10% |
MERKX Annual Returns
Calendar-year total returns of Merk Hard Currency Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 (Jan–Sep) | −15.48% |
| 2021 | −6.37% |
| 2020 | +6.27% |
MERKX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | −1.8% | +0.7% | +0.5% | −5.0% | +1.1% | −3.6% | +0.5% | −2.9% | −5.7% | — | — | — |
| 2021 | −0.9% | −0.6% | −1.3% | +2.1% | +0.9% | −2.8% | −1.0% | −0.2% | −1.3% | +2.0% | −4.1% | +0.9% |
| 2020 | −2.5% | −1.4% | −4.2% | +2.0% | +2.1% | +1.7% | +4.2% | +2.0% | −3.0% | −0.6% | +3.1% | +3.1% |
MERKX Risk
Risk measures from monthly returns over Oct 2021 – Sep 2022.
- 1-year volatility (annualised): 9.40%
- Best month: +2.04% (Oct 2021)
- Worst month: −5.71% (Sep 2022)
MERKX Fund Flows
Monthly money in and out of Merk Hard Currency Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.2M
- 12-month gross sales (incl. reinvestments): $7.0M
- Sales ÷ redemptions: 0.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2022 | $77K | $938K | −$862K |
| Aug 2022 | $407K | $929K | −$522K |
| Jul 2022 | $534K | $2.6M | −$2.0M |
| Jun 2022 | $286K | $903K | −$617K |
| May 2022 | $729K | $868K | −$140K |
| Apr 2022 | $298K | $500K | −$202K |
| Mar 2022 | $1.4M | $1.7M | −$226K |
| Feb 2022 | $132K | $826K | −$694K |
| Jan 2022 | $585K | $809K | −$224K |
| Dec 2021 | $1.4M | $1.8M | −$424K |
| Nov 2021 | $399K | $781K | −$382K |
| Oct 2021 | $681K | $528K | $153K |
MERKX Assets Under Management
Net assets of Merk Hard Currency Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2022-09-30 | $39.34M |
| 2022-06-30 | $46.27M |
| 2022-03-31 | $51.08M |
| 2021-12-31 | $52.61M |
| 2021-09-30 | $55.23M |
| 2021-06-30 | $57.50M |
| 2021-03-31 | $58.51M |
| 2020-12-31 | $61.30M |
| 2020-09-30 | $59.15M |
| 2020-06-30 | $58.48M |
| 2020-03-31 | $65.55M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.