China Fund:CHN

    Manage Alerts

    Overview

    As of 8/5/2020. NAV as of 8/4/2020.

     Share
    Price
    NAVPremium/
    Discount
    Current$25.41$30.22-15.65%
    52 Wk Avg$20.72$23.86-13.04%
    52 Wk High$25.74$30.51-9.26%
    52 Wk Low$15.41$19.99-21.12%
    Regular Distribution TypeIncome Only
    Distribution Rate0.52%
    Distribution Amount$0.1320
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To achieve long-term capital appreciation primarily through investment in equity securities of Chinese companies. Under normal conditions, not less than 65% of the Funds total assets will be invested in equity securities of China companies. To the extent the Funds assets are not invested in equity securities of China companies, they will be invested in debt securities. The Fund allocates 25% for direct investment.

    Capital Structure

    As of 8/5/2020

    Total Investment Exposure:$316.978M
    Total Common Assets:$316.628M
    Common Shares Outstanding:10,477,422
    Leverage

    As of 10/31/2018

    Preferred Share Assets:
    Total Debt (USD): $0.350M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $0.350M
    Effective Leverage (%): 0.11%
    Annual Expense Ratios

    As of 10/31/2019

      Per Common Share
    Management Fees0.69%
    Other Expenses:0.72%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.41%
    Fund Management

    Fund Sponsor
    RCM Asia Pacific Limited

    Portfolio Managers
    Christina Chung

    Basics
    Category: Equity-Asia Equity
    Ticker: CHN
    NAV Ticker: XXCHNXX
    Average Daily Volume (shares): 23,849
    Average Daily Volume (USD): $0.490M
    Inception Date: 7/10/1992
    Inception Share Price: $15.00
    Inception NAV: $13.57
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 8/5/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2020
    -$0.1124
    Annualized Distribution Rate on NAV:
    As of 8/5/2020
    0.44%
    Total Return on NAV (12 months):
    As of 8/5/2020
    37.13%
    Total % Portfolio Effectively Leveraged:
    As of 8/5/2020
    0.11%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 8/5/2020

    PeriodAvg Discount
    6 Month-14.95%
    1 Year-13.04%
    3 Year-10.61%
    5 Year-11.62%
    Z-Score

    As of 8/5/2020

    PeriodZStat
    3 Month0.17
    6 Month-0.38
    1 Year-1.09
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 7/31/2020
    Category: Morningstar US CEF Asia Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD17.00%23.16%-0.92%3.06%
    201933.10%34.41%19.77%17.57%
    2018-19.43%-17.73%-13.67%-15.54%
    201747.65%37.81%41.49%33.70%
    20160.04%0.68%4.08%4.04%
    2015-6.54%-6.85%-6.16%-4.97%
    20145.78%6.76%9.13%9.11%
    201313.10%17.03%3.25%9.20%
    201220.53%11.33%25.05%20.66%
    2011-27.51%-25.55%-19.12%-16.30%
    201023.61%27.76%26.36%23.72%
    200972.22%73.85%59.88%59.16%
    2008-40.72%-48.29%-47.62%-49.12%
    200749.32%78.99%  
    200666.68%58.65%  
    2005-19.70%5.36%  
    2004-10.29%6.42%  
    2003209.99%78.66%  
    200212.44%6.08%  
    200135.70%22.53%  
    2000-12.94%-12.41%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 7/31/2020
    Category: Morningstar US CEF Asia Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2020
    42
    Annual Portfolio Turnover:
    As of 10/31/2019
    132.00%
    Asset Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2020 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)36.70%
    Sensitive (Super Sector)25.96%
    Financial Services19.62%
    Communication Services15.40%
    Defensive (Super Sector)12.87%
    Technology8.97%
    Consumer Cyclical8.52%
    Healthcare8.06%
    Real Estate6.57%
    Cash Equivalents (Super Sector)4.00%
    Top Holdings

    As of 6/30/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Tencent Holdings Ltd$36.68M13.17%
    Alibaba Grp Hldg$35.05M12.58%
    JD.com Inc ADR$16.39M5.88%
    China Merchants Bank Co Ltd$11.76M4.22%
    China Construction Bank Corp Class H$10.83M3.89%
    Hong Kong Exchanges and Clearing Ltd$9.05M3.25%
    AIA Group Ltd$8.09M2.90%
    CITIC Securities Co Ltd Class H$7.92M2.84%
    Ping An Ins$7.58M2.72%
    China International Capital Corp Ltd H$7.04M2.53%
    Country Allocation

    As of 6/30/2020 reported by Fund Sponsor

    Country% Portfolio
    China - Equity71.34%
    Others - Equity15.72%
    Hong Kong - Equity8.94%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W