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GARBX Guinness Atkinson Renminbi Yuan & Bond

  • Fund
  • GARBX
  • Price as of: Sep 19, 2019
  • $11.29 - $0.04 - 0.35%

GARBX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return -0.8%
  • 5 Yr Annualized Return -2.5%
  • Net Assets $1.47 M
  • Holdings in Top 10 95.6%

52 WEEK LOW AND HIGH

$11.29
$11.13
$11.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.52%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 34.93%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$10,000

IRA

$5,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Emerging-Markets Local-Currency Bond

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.93%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Guinness Atkinson Renminbi Yuan & Bond Fund
  • Fund Family Name Guinness Atkinson
  • Inception Date Jun 30, 2011
  • Shares Outstanding 131133
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Edmund Harriss

Fund Description

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a combination of Renminbi Yuan-denominated bonds that are issued by corporations and by the Chinese government. It may, when desirable, invest up to 20% of its net assets in convertible securities of companies connected to the China region. The fund also may invest in commercial paper, convertible securities and equity-linked notes, denominated in RMB or Yuan or other currencies. It is non-diversified.

GARBX - Performance

Return Ranking - Trailing

Period GARBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -4.8% 64.8% 97.74%
1 Yr -2.3% -16.2% 14.2% 91.01%
3 Yr -0.8%* -8.7% 6.0% 65.85%
5 Yr -2.5%* -9.7% 22.0% 83.41%
10 Yr N/A* -5.5% 13.0% N/A

* Annualized


Return Ranking - Calendar

Period GARBX Return Category Return Low Category Return High Rank in Category (%)
2018 -6.3% -53.1% 0.0% 37.61%
2017 8.8% -12.4% 15.4% 9.47%
2016 -5.2% -12.3% 219.0% 97.58%
2015 -6.4% -20.0% 5.0% 43.53%
2014 -4.1% -22.4% 200.4% 80.98%

Total Return Ranking - Trailing

Period GARBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -4.8% 64.8% 97.74%
1 Yr 0.9% -16.2% 14.2% 84.64%
3 Yr 0.9%* -5.2% 15.3% 47.44%
5 Yr -0.3%* -5.1% 30.7% 59.13%
10 Yr N/A* -5.5% 21.7% N/A

* Annualized


Total Return Ranking - Calendar

Period GARBX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.1% -53.1% 3.8% 11.96%
2017 9.8% -6.6% 21.6% 23.87%
2016 -3.5% -12.3% 242.1% 96.92%
2015 -4.0% -18.5% 6.6% 29.18%
2014 -0.9% -22.2% 203.8% 60.41%

NAV & Total Return History

GARBX - Holdings

Concentration Analysis

GARBX Category Low Category High GARBX % Rank
Net Assets 1.47 M 1.06 M 14 B 97.12%
Number of Holdings 14 5 3539 92.01%
Net Assets in Top 10 1.42 M -144 M 12.5 B 91.21%
Weighting of Top 10 95.58% 5.9% 1055.7% 24.92%

Top 10 Holdings

  1. Export-Import Bank of Korea 4.5% 9.88%

  2. Shui On Development (Holding) Limited 6.88% 9.68%

  3. Daimler International Finance BV 4.8% 9.60%

  4. Franshion Brilliant Limited 5.2% 9.58%

  5. Arab Petroleum Investment Corp 4.7% 9.57%

  6. China Orient Asset Management Co Ltd 6.5% 9.52%

  7. Far East Horizon Limited 4.9% 9.49%

  8. Lenovo Group Ltd 4.95% 9.46%

  9. Commonwealth Bank of Australia 5.15% 9.43%

  10. Australia and New Zealand Banking Group Limited 4.75% 9.38%


Asset Allocation

Weighting Return Low Return High GARBX % Rank
Bonds
100.27% 80.30% 1025.08% 23.80%
Stocks
0.00% -61.27% 103.48% 63.42%
Preferred Stocks
0.00% 0.00% 1.44% 46.81%
Other
0.00% -18.29% 58.27% 52.08%
Convertible Bonds
0.00% -0.83% 14.31% 64.54%
Cash
-0.27% -1000.79% 20.62% 68.21%

GARBX - Expenses

Operational Fees

GARBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.52% 0.17% 290.47% 7.14%
Management Fee 0.55% 0.00% 2.50% 36.90%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.65% 26.85%

Sales Fees

GARBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.15% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GARBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.15% 2.00% 18.42%

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GARBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 34.93% 0.00% 748.00% 18.93%

GARBX - Distributions

Dividend Yield Analysis

GARBX Category Low Category High GARBX % Rank
Dividend Yield 3.24% 0.00% 11.86% 19.33%

Dividend Distribution Analysis

GARBX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

GARBX Category Low Category High GARBX % Rank
Net Income Ratio 2.93% -1.65% 8.90% 43.99%

Capital Gain Distribution Analysis

GARBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

GARBX - Managers

Edmund Harriss

Manager

Start Date

Tenure

Tenure Rank

Jun 30, 2011

8.18

8.2%

Edmund has managed Asian Funds since 1994 both from London and from Hong Kong. Edmund worked for ten years from 1993 for Guinness Flight, which became Investec after the merger in 1998. After joining the Far East Investment Desk in 1994, he served as a member of the investment team managing the China & Hong Kong Fund (now the Guinness Atkinson China & Hong Kong Fund, for US investors). He moved to Hong Kong and became the Fund’s lead manager in 1998. In addition, Edmund has managed the Guinness Atkinson Asia Focus Fund (for US investors) since 2003, and the Guinness Atkinson Asia Pacific Dividend Fund (for US investors) since its inception in 2006. Edmund graduated from Christ Church, University of Oxford, with a Master’s degree in Management Studies and has a Bachelor’s degree in History from the University of York. He is also an Associate of the Society of Investment Professionals.


Tenure Analysis

Category Low

0.0

Category High

27.45

Category Average

5.69

Category Mode

10.01