Fund Evaluator:
Guinness Atkinson China & Hong Kong (ICHKX)
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Best Performing in Greater China Region Over the Last Year
| 72.4% | Fidelity Advisor China Region Z (FIQFX) |
| 72.1% | Fidelity China Region (FHKCX) |
| 61.6% | Oberweis China Opportunities (OBCHX) |
| 26.7% | WCM China Quality Growth Investor (WCQGX) |
| 25.5% | AMG Veritas China N (MMCFX) |
Fund Details
Guinness Atkinson China & Hong Kong Overview
Guinness Atkinson China & Hong Kong (ICHKX) is an actively managed International Equity Greater China Region fund. Guinness Atkinson launched the fund in 1994.
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of companies that are either primarily traded on the China or Hong Kong exchanges or that derive at least 50% of their revenues from business activities in China and/or Hong Kong, but which may be listed and traded elsewhere. The fund will invest in companies with a minimum market capitalization of $500 million, including companies in emerging markets.
About Guinness Atkinson China & Hong Kong (ICHKX)
There are 2 members of the management team with an average tenure of 16.68 years: Sharukh Malik (2021), Edmund Harriss (1998). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI China NR USD index with a weighting of 100%. Guinness Atkinson China & Hong Kong has 33 securities in its portfolio. The top 10 holdings constitute 40.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Guinness Atkinson China & Hong Kong is part of the Equity global asset class and is within the International Equity fund group. Guinness Atkinson China & Hong Kong has 100.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 100.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Guinness Atkinson China & Hong Kong has -0.2% of the portfolio in cash.
Assets Under Management
The fund has $22 million in total assets, which is below the $88 million average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ICHKX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Guinness Atkinson China & Hong Kong expense ratio is high compared to funds in the Greater China Region category. Guinness Atkinson China & Hong Kong has an expense ratio of 1.86%, which is 46% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Guinness Atkinson China & Hong Kong has a portfolio turnover rate of 22%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 73% for the Greater China Region category.
Recently, in the month of June 2026, Guinness Atkinson China & Hong Kong returned -9.4%, which earned it a grade of F, as the Greater China Region category had an average return of 1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Guinness Atkinson China & Hong Kong has a trailing yield of 1.19%, which is below the 1.81% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Guinness Atkinson China & Hong Kong Grades
Year to date, the fund has returned -10.9%, 24.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 2.8% over the past year (grade of F), 1.4% over the past three years (grade of F) and -7.7% per year over the past five years (grade of F) and 2.9% per year over the past 10 years (grade of F).
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ICHKX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ICHKX Return (NAV) | -9.4% | -8.4% | 2.8% | 1.4% | -7.7% | 2.9% |
| ICHKX Grade | F | F | F | F | F | F |
| +/- Category | -10.9% | -22.4% | -30.3% | -14.4% | -5.3% | -5.4% |
| Greater China Region Avg | 1.4% | 14.0% | 33.2% | 15.8% | -2.4% | 8.4% |
| ICHKX Tax Cost Ratio | na | na | 0.4% | 0.4% | 1.3% | 1.5% |
ICHKX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ICHKX Return (NAV) | -10.9% | 29.0% | 0.1% | -14.5% | -23.7% | -6.7% | 14.5% | 30.0% | -20.2% | 48.9% | 3.0% |
| ICHKX Grade | F | D | F | B | A | B | F | D | F | F | A |
| +/- Category | -24.3% | -4.4% | -11.3% | -0.4% | 4.1% | 2.6% | -30.0% | -2.1% | -2.9% | -2.4% | 5.3% |
| Greater China Region Avg | 13.4% | 33.3% | 11.3% | -14.1% | -27.7% | -9.3% | 44.5% | 32.1% | -17.3% | 51.2% | -2.3% |
| Risk Measures | |
| Standard Deviation: | 23.3% |
| Total Risk Index: | 1.91 - High |
| Category Risk Index: | 1.07 - Above Average |
| Category Risk Grade: | D (79% Rank) |
| Beta: | 0.73 |
| R-Squared: | 19% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $22 Mil |
| Fund Total Assets: | $ 23 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 22% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 28.2 years | |||
| Average Tenure: 16.7 years | |||
| Managers (Year): Harriss Edmund (1998), Malik Sharukh (2021) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 33 |
| % in Top 10 Holdings: | 40.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 100.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 100.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.2% |
Purchase Information
| Fund Family: | Guinness Atkinson |
| Phone Number: | 800-915-6566 |
| Website: | www.gafunds.com |
| Status: | Open |
| Inception Date: | June 30, 1994 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.86% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.27% |
| Share Class: | Guinness Atkinson China & Hong Kong |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 250 |
