Guinness Atkinson Renminbi Yuan & Bond Fund (GARBX)
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.
Fund Info
| ISIN | US4020317024 |
|---|---|
| CUSIP | 402031702 |
| Issuer | Guinness Atkinson |
| Inception Date | Jun 29, 2011 |
| Category | Emerging Markets Bonds |
| Min. Investment | $10,000 |
| Asset Class | Bond |
Expense Ratio
GARBX has a high expense ratio of 0.90%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: GARBX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Guinness Atkinson Renminbi Yuan & Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Guinness Atkinson Renminbi Yuan & Bond Fund had a return of 0.00% year-to-date (YTD) and 0.36% in the last 12 months. Over the past 10 years, Guinness Atkinson Renminbi Yuan & Bond Fund had an annualized return of 0.59%, while the S&P 500 had an annualized return of 10.99%, indicating that Guinness Atkinson Renminbi Yuan & Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.00% | 11.18% |
| 1 month | 0.27% | 5.60% |
| 6 months | 1.82% | 17.48% |
| 1 year | 0.36% | 26.33% |
| 5 years (annualized) | 0.74% | 13.16% |
| 10 years (annualized) | 0.59% | 10.99% |
Monthly Returns
The table below presents the monthly returns of GARBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.36% | 0.27% | -0.45% | 0.09% | 0.00% | ||||||||
| 2023 | 3.46% | -2.49% | 1.14% | -0.61% | -2.37% | -1.89% | 1.84% | -1.98% | -0.09% | -0.83% | 3.44% | 0.54% | -0.09% |
| 2022 | 0.32% | -0.95% | -1.12% | -4.37% | 0.00% | -0.34% | -0.43% | -1.88% | -3.57% | -2.91% | 3.55% | 2.35% | -9.20% |
| 2021 | 1.44% | -0.63% | -1.03% | 1.61% | 1.90% | -1.47% | 0.08% | 0.39% | 0.08% | 0.39% | 0.08% | 0.18% | 3.00% |
| 2020 | -0.09% | 0.69% | -1.81% | -0.09% | -0.44% | 1.42% | 1.40% | 1.81% | 0.93% | 1.51% | 1.90% | 1.46% | 8.98% |
| 2019 | 3.47% | 0.95% | -0.17% | 0.43% | -2.47% | 1.31% | -0.26% | -3.45% | 0.35% | 1.71% | 0.44% | 1.41% | 3.59% |
| 2018 | 3.67% | -0.40% | 0.89% | -0.80% | -1.13% | -2.95% | -2.21% | 0.17% | -0.52% | -1.41% | 0.71% | 2.07% | -2.07% |
| 2017 | 2.27% | 0.09% | -0.00% | -0.00% | 2.31% | -0.17% | 1.05% | 2.24% | -0.63% | 0.34% | 0.34% | 1.61% | 9.79% |
| 2016 | -1.98% | 1.05% | 3.22% | 0.42% | -0.93% | -0.76% | 0.95% | -0.60% | 0.26% | -1.46% | -2.01% | -1.61% | -3.52% |
| 2015 | -1.69% | -0.08% | 1.39% | 0.98% | 1.13% | 0.24% | -0.32% | -5.40% | 1.97% | 1.68% | -1.32% | -2.43% | -4.04% |
| 2014 | 0.62% | -1.53% | -1.25% | -0.16% | 0.40% | 0.87% | 0.47% | 0.79% | -0.55% | 0.55% | -0.08% | -1.02% | -0.92% |
| 2013 | 0.71% | 0.23% | 0.47% | 0.94% | 0.39% | -1.85% | 0.55% | 0.55% | 0.55% | 1.10% | 0.62% | 0.93% | 5.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GARBX is 2, indicating that it is in the bottom 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GARBX (Guinness Atkinson Renminbi Yuan & Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guinness Atkinson Renminbi Yuan & Bond Fund (GARBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Guinness Atkinson Renminbi Yuan & Bond Fund granted a 0.27% dividend yield in the last twelve months. The annual payout for that period amounted to $0.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.03 | $0.06 | $0.19 | $0.25 | $0.05 | $0.13 | $0.50 | $0.11 | $0.20 | $0.30 | $0.41 | $0.42 |
Dividend yield | 0.27% | 0.54% | 1.68% | 2.00% | 0.40% | 1.13% | 4.40% | 0.88% | 1.81% | 2.58% | 3.30% | 3.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Guinness Atkinson Renminbi Yuan & Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.14 | $0.25 |
| 2020 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2019 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.13 |
| 2018 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.26 | $0.50 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 |
| 2015 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2014 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.17 | $0.41 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.42 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Guinness Atkinson Renminbi Yuan & Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Guinness Atkinson Renminbi Yuan & Bond Fund was 15.52%, occurring on Nov 3, 2022. The portfolio has not yet recovered.
The current Guinness Atkinson Renminbi Yuan & Bond Fund drawdown is 10.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.52% | Feb 17, 2022 | 180 | Nov 3, 2022 | — | — | — |
| -9.33% | Jul 6, 2015 | 376 | Dec 28, 2016 | 257 | Jan 5, 2018 | 633 |
| -8.77% | Mar 27, 2018 | 152 | Oct 30, 2018 | 462 | Sep 1, 2020 | 614 |
| -3.65% | Feb 7, 2014 | 259 | Feb 18, 2015 | 72 | Jun 2, 2015 | 331 |
| -2.7% | Sep 6, 2011 | 14 | Sep 23, 2011 | 79 | Jan 18, 2012 | 93 |
Volatility
Volatility Chart
The current Guinness Atkinson Renminbi Yuan & Bond Fund volatility is 1.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.