GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at September 30, 2020 (Unaudited)
| Shares | | | Common Stocks: 97.8% | | Value | |
| | | | | Energy - Alternate Sources: 2.4% | | | | |
| | 1,962 | | | Maxeon Solar Technologies Ltd | | $ | 33,276 | |
| | 11,400 | | | SunPower Corp.* | | | 142,614 | |
| | | | | | | | 175,890 | |
| | | | | | | | | |
| | | | | Machinery - General Industries: 0.2% | | | | |
| | 182,956 | | | Shandong Molong Petroleum Machinery Co., Ltd. - H Shares* | | | 16,023 | |
| | | | | | | | | |
| | | | | Oil & Gas - Exploration & Production: 23.4% | | | | |
| | 13,500 | | | Canadian Natural Resources Ltd. | | | 216,332 | |
| | 288,000 | | | CNOOC Ltd. | | | 278,371 | |
| | 8,100 | | | ConocoPhillips | | | 266,004 | |
| | 4,183,812 | | | Deltic Energy PLC | | | 60,732 | |
| | 19,800 | | | Devon Energy Corp. | | | 187,308 | |
| | 55,000 | | | Diversified Gas & Oil PLC | | | 74,589 | |
| | 329,197 | | | EnQuest PLC* | | | 44,472 | |
| | 6,250 | | | EOG Resources Inc. | | | 224,625 | |
| | 166,434 | | | JKX Oil & Gas PLC* | | | 35,935 | |
| | 249,550 | | | Pharos Energy PLC | | | 33,889 | |
| | 2,850 | | | Pioneer Natural Resources Company | | | 245,071 | |
| | 8,179,920 | | | Reabold Resources PLC* | | | 62,293 | |
| | | | | | | | 1,729,621 | |
| | | | | Oil & Gas - Field Services: 4.4% | | | | |
| | 31,980 | | | Helix Energy Solutions Group, Inc.* | | | 77,072 | |
| | 16,000 | | | Schlumberger Ltd. | | | 248,960 | |
| | | | | | | | 326,032 | |
| | | | | Oil & Gas - Integrated: 58.5% | | | | |
| | 100,160 | | | BP PLC | | | 291,188 | |
| | 4,500 | | | Chevron Corp | | | 324,000 | |
| | 618,000 | | | China Petroleum & Chemical | | | 248,900 | |
| | 38,560 | | | Eni SpA | | | 302,005 | |
| | 23,110 | | | Equinor ASA | | | 328,337 | |
| | 9,700 | | | Exxon Mobil Corp | | | 333,001 | |
| | 30,850 | | | Galp Energia Sgps Sa | | | 285,584 | |
| | 65,470 | | | Gazprom OAO - ADR | | | 285,114 | |
| | 22,051 | | | Imperial Oil Ltd. | | | 263,943 | |
| | 11,208 | | | OMV AG | | | 307,265 | |
| | 883,000 | | | PetroChina Co., Ltd. - H Shares | | | 259,683 | |
| | 35,461 | | | Repsol SA | | | 237,497 | |
| | 22,220 | | | Royal Dutch Shell PLC - Class A | | | 280,751 | |
| | 19,576 | | | Suncor Energy, Inc. | | | 239,022 | |
| | 9,910 | | | TOTAL SA | | | 338,071 | |
| | | | | | | | 4,324,361 | |
| | | | | Oil & Gas - Pipelines and Transportation: 4.8% | | | | |
| | 12,200 | | | Enbridge Inc. | | $ | 356,240 | |
| | | | | | | | | |
| | | | | Oil Refining & Marketing: 4.1% | | | | |
| | 6,969 | | | Valero Energy, Corp. | | | 301,897 | |
| | | | | | | | | |
| | | | | Total Common Stocks | | | 7,230,064 | |
| | | | | (cost $15,930,855) | | | | |
| | | | | | | | | |
| | | | | Total Investments in Securities | | | 7,230,064 | |
| | | | | (cost $15,930,855): 97.8% | | | | |
| | | | | | | | | |
| | | | | Other Assets less Liabilities: 2.2% | | | 163,237 | |
| | | | | | | | | |
| | | | | Net Assets: 100.0% | | $ | 7,393,301 | |
* Non-income producing security.
ADR - American Depository Receipt
PLC - Public Limited Company
