Mutual fund · China
ICHKXChina & Hong Kong Fund

China: The World's Growth Engine

One of the world's two largest economies — a high-conviction portfolio of Chinese and Hong Kong companies, chosen through disciplined, research-driven analysis.

Why own ICHKX

A dedicated window into China and Hong Kong — with deep experience behind it.

Focused, active exposure

A concentrated portfolio of Chinese and Hong Kong companies, selected one by one.

Long experience in a complex market

Managed by a team that has invested through China's booms, busts and reforms.

WatchChina's two-part strategy
Fund facts

The essentials

TickerICHKX
Inception6/30/1994
CUSIP402031 20 7
BenchmarkMSCI China Index
Morningstar categoryGreater China Region
Expense ratio1.86%
NAV (10/23/2026)$14.02
LoadNone
Redemption fee2% if held < 30 days

A 2% redemption fee applies to shares held less than 30 days. Performance shown does not reflect that fee; if deducted it would reduce returns. The Fund is no-load and priced daily at NAV.

Performance

Average annual total returns

At NAV, monthly through 9/30/2026. Periods over one year are annualized.
PeriodTotal return (NAV)
YTD-11.19%
1 year-11.89%
3 year3.82%
5 year-5.15%
10 year1.57%
Since inception5.04%
At NAV, quarterly through 9/30/2026. Periods over one year are annualized.
PeriodTotal return (NAV)
YTD-11.19%
1 year-11.89%
3 year3.82%
5 year-5.15%
10 year1.57%
Since inception5.04%

*The fund Benchmark Index is the MSCI China Index NR. The MSCI China Index captures large- and mid-cap representation across China A-shares, H-shares, B-shares, Red chips, P chips and foreign listings, reflecting the Mainland China and Hong Kong opportunity set from an international investor's perspective. Index figures are shown on a net return (NR) basis, meaning dividends are reinvested after the deduction of withholding taxes applicable to non-resident institutional investors. An investor cannot invest directly in an index.

Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data for the most recent month-end is available above.

Fund holdings and sector allocations are subject to change.

Morningstar rating
★★★☆☆
3-star Overall Morningstar Rating™
Among 70 Greater China Region funds · as of 9/30/2026
3-Yr ★★ (70 funds)   5-Yr ★★★ (64 funds)   10-Yr ★★★ (37 funds)
Based on risk-adjusted returns.

The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

Documents

Fund literature

Holdings

Top 10 holdings

As of 9/30/2026. Holdings and weights are subject to change.
Inner Mongolia Yili - A Shares4.37%
Hongfa Technology Co Ltd4.35%
Midea Group Co Ltd4.02%
China Merchants Bank Co Ltd - H Shares3.97%
Tencent Holdings Ltd3.88%
AIA Group Ltd3.85%
Sino Biopharmaceutical Ltd3.76%
Hangzhou First Applied Materials3.71%
Zhejiang Supor Cookware - A Shares3.68%
NetEase Inc - ADR3.63%

Portfolio breakdown

Where the fund is invested

As of 9/30/2026.

Top sectors

Appliances7.1%
Machinery - General Industries6.7%
Food - Dairy Products4.4%
Electrical Equipment4.4%
Consumer, Cyclical4.0%
Commercial Banks4.0%
Internet Application Software3.9%
Life/Health Insurance3.9%

Geography

China91.8%
Hong Kong7.4%

Important risk information. Investing involves risk, including possible loss of principal. The Fund is concentrated in a single country and region, so it is highly sensitive to political, economic, regulatory and currency developments in China and Hong Kong. Emerging-markets investing involves heightened volatility and lower liquidity. See the prospectus for more information.

The Fund is no-load; management fees and other expenses still apply. The Funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Guinness Atkinson Asset Management, Inc. Carefully consider the Fund's investment objectives, risks, charges and expenses before investing; this and other information is in the prospectus, which should be read carefully before investing.