GARBX — Guinness Atkinson Renminbi Yuan & Bond Fund
Data updated: 2025-03-11
GARBX — Guinness Atkinson Renminbi Yuan & Bond Fund. Emerging Markets Blend / Core Equity · 0.96% expense ratio. Holdings, fees, performance and SEC filings.
GARBX Fund Overview
GARBX — Guinness Atkinson Renminbi Yuan & Bond Fund is a US mutual fund managed by Guinness Atkinson Funds, categorised as Emerging Markets Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Guinness Atkinson Funds
- Category: Emerging Markets Blend / Core Equity
- 1-year return: 4.5%
- Ticker: GARBX
- SEC CIK: 0000919160
- SEC series ID: S000032927
- Share class ID: C000101629
GARBX Investment Objective and Strategy
Guinness Atkinson Renminbi Yuan & Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Guinness Atkinson Funds.
Investment objective
The Renminbi Yuan & Bond Fund seeks total return. Total return means the combination of capital appreciation and investment income, which includes changes in the value of the Renminbi, the currency of China of which the Yuan is the unit.
Principal investment strategy
"The Renminbi Yuan & Bond Fund normally will invest 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 (including its agencies or instrumentalities) and traded (i) over the counter in London, Hong Kong or on Euroclear or (ii) in other developing markets, including the China Interbank Bond Market (""CIBM""), and in cash and cash equivalents, bank deposits, certificates of deposit and short-term commercial paper denominated in Renminbi or Yuan. Renminbi (or ""RMB"") is the officially currency of China, with the principal unit being the Yuan. The Fund 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. The Fund expects that it may hold a significant portion of its assets in cash and cash equivalents denominated in Renminbi or Yuan. The market for Renminbi Yuan denominated securities is centered in Hong Kong, while foreign exchange can be traded in Hong Kong, London and New York. The Advisor expects that the Fund's investments will be in sovereign, supranational and corporate issuers which may or may not be connected to the China region but which will be denominated in Renminbi Yuan. These instruments are often traded over the counter in Hong Kong and Europe, and may also be included on the CIBM. The bond market is heavily weighted toward China sovereign and corporate financial issuers (both Chinese and non-Chinese).
The Adviser therefore expects the portfolio to have sector concentration in both sovereign and financial issues. The Fund's concentration may vary depending on changing market conditions (including but not limited to, liquidity, volatility, and the number of issuers and terms of bond issues). The degree of concentration of the portfolio will vary over time, and under normal market conditions, the Fund may have fewer holdings than a fund that is not concentrated. The Fund may hold securities of all market capitalization companies, including companies in emerging markets. The Fund may invest in securities having short, medium or long-term maturities. The Fund may invest in securities that are considered ""investment grade"" or ""high yield."" Additional information on Principal Investment Strategies can be found in the prospectus.
Also see Additional Investment Strategies and Risks in the Statement of Additional Information. The Fund is designed for investors who seek a moderate level of current income and investments in dividend paying companies that have the ability to increase their dividends consistently over time."
GARBX Holdings
Top 10 holdings of Guinness Atkinson Renminbi Yuan & Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First Abu Dhabi Bk | 16.82% |
| Standard C 4.35% 03/18/26/cnh/ | 8.46% |
| China Deve 3.23% 11/27/25/cnh/ | 4.23% |
| Hsbc Holdin 3.4% 06/29/27/cnh/ | 4.21% |
| Qnb Finance 3.8% 06/17/25/cnh/ | 4.21% |
| Bank Of China 3.08% 4/28/26/cnh/ | 4.21% |
| Agricul Dev 3.4% 11/06/24/cnh/ | 4.20% |
| Shenzhen Mu 2.9% 10/19/26/cnh/ | 4.20% |
| Qnb Finance 3.9% 06/17/25/cnh/ | 4.20% |
| Sun Hung Ka 3.2% 08/14/27/cnh/ | 4.18% |
GARBX Portfolio Allocation
Asset-class allocation of Guinness Atkinson Renminbi Yuan & Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 63.1% |
GARBX Performance
Total returns for GARBX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.5% |
| 3 years (annualised) | -2.6% |
GARBX Risk Information
Risk metrics for GARBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 3.9%
GARBX Costs and Fees
GARBX costs about $96 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.96%
- Gross expense ratio: 3.01%
- Portfolio turnover: 0%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
GARBX Cashflows
Over the 12 months to 2024-09, Guinness Atkinson Renminbi Yuan & Bond Fund had net outflows of $4.18M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-09 | −$49.40K |
| 2024-08 | −$546.37K |
| 2024-07 | −$2.74M |
| 2024-06 | −$9.77K |
| 2024-05 | −$116.75K |
| 2024-04 | −$184.19K |
GARBX Debt Constituents
Largest debt holdings of Guinness Atkinson Renminbi Yuan & Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| First Abu Dhabi Bk | 16.82% |
| Standard C 4.35% 03/18/26/cnh/ | 8.46% |
| China Deve 3.23% 11/27/25/cnh/ | 4.23% |
| Hsbc Holdin 3.4% 06/29/27/cnh/ | 4.21% |
| Qnb Finance 3.8% 06/17/25/cnh/ | 4.21% |
| Bank Of China 3.08% 4/28/26/cnh/ | 4.21% |
| Agricul Dev 3.4% 11/06/24/cnh/ | 4.20% |
| Shenzhen Mu 2.9% 10/19/26/cnh/ | 4.20% |
| Qnb Finance 3.9% 06/17/25/cnh/ | 4.20% |
| Sun Hung Ka 3.2% 08/14/27/cnh/ | 4.18% |
GARBX Prospectus and SEC Filings
Official Guinness Atkinson Renminbi Yuan & Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-28
- Prospectus supplement (497) — filed 2024-05-03
- Prospectus supplement (497) — filed 2022-05-05
- Portfolio holdings (N-PORT) — filed 2024-11-29
- Portfolio holdings (N-PORT) — filed 2024-08-29
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Annual census (N-CEN) — filed 2025-03-11
- Annual census (N-CEN) — filed 2024-03-15
Related Funds
Other Emerging Markets Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.