Merk Hard Currency Investor Shares
MERKX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- Forum Funds (Merk)
- IPO Date
- Jan 2, 2019
- CIK
- 0000315774
- Similar Companies
- Business
- Merk Funds, through its Merk Hard Currency Fund (Investor Shares, ticker: MERKX), operates as a mutual fund seeking to profit from appreciation in hard currencies against the U.S. dollar by investing at least 80% of net assets in hard currency-denominated debt instruments, including government bonds, treasury bills, and related securities from countries with sound monetary policies; a minor allocation to gold exposure via VanEck Merk Gold Shares; and cash equivalents for liquidity management. The fund's portfolio emphasizes short-duration holdings, typically under 18 months maturity, with key exposures to currencies such as the Canadian dollar (24.5%), Australian dollar (18.5%), Norwegian krone (15.7%), New Zealand dollar (11.8%), euro (14.8%), Swedish krona (10.4%), and British pound (3.6%), as of June 30, 2022; investor shares carry a 1.32% expense ratio and no load, with minimum initial investments of $2,500 for standard accounts or $1,000 for IRAs. Merk Funds offers institutional shares (MHCIX) with lower fees for qualified investors meeting a $250,000 minimum. Headquartered in the United States and founded in 2005 with the fund's inception on May 10, Merk Investments LLC serves as the sponsor and investment adviser, supported by a team led by the President and Chief Investment Officer. The fund targets investors seeking currency diversification and U.S. dollar depreciation protection, operating globally through securities in North America, Europe, and Australasia. In a significant operational change, the Merk Hard Currency Fund was liquidated in November 2022, ceasing operations and redeeming shares, as detailed in the prospectus supplement; no subsequent relaunches, acquisitions, partnerships, or new product offerings related to MERKX have been announced. Prior to liquidation, assets stood at $46.3 million as of June 30, 2022, reflecting a strategic wind-down amid market conditions. Merk Investments LLC continues broader activities in alternative investments, though MERKX-specific activities concluded with the liquidation.