GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at March 31, 2021 (Unaudited)
Shares | Common Stocks: 99.3% | Value | ||||||
Australia: 6.4% | ||||||||
40,819 | Corporate Travel Management Ltd. | $ | 608,030 | |||||
27,471 | Sonic Healthcare Ltd. | 642,663 | ||||||
1,250,693 | ||||||||
China: 63.0% | ||||||||
10,600 | Alibaba Group Holding Ltd. - ADR | 637,305 | ||||||
6,700 | Autohome Inc. - ADR | 624,909 | ||||||
2,900 | Baidu Inc.* -ADR | 630,895 | ||||||
87,669 | Beijing Oriental Yuhong - A Shares | 683,128 | ||||||
276,000 | China Lesso Group Holdings Ltd. | 593,606 | ||||||
96,000 | China Merchants Bank Co., Ltd. - H Shares | 629,836 | ||||||
245,000 | Geely Automobile Holdings Ltd. | 623,369 | ||||||
100,700 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 613,961 | ||||||
7,800 | JD.com Inc. - ADR | 657,774 | ||||||
150,700 | NARI Technology Co., Ltd. - A Shares | 714,755 | ||||||
5,700 | NetEase Inc. - ADR | 588,582 | ||||||
48,600 | New Oriental Education & Technology Group Inc. - ADR* | 680,400 | ||||||
56,000 | Ping An Insurance Group Company of China Ltd. - H Shares | 666,680 | ||||||
114,600 | Sany Heavy Industry Co., Ltd. - A Shares | 596,075 | ||||||
27,800 | Shenzhou International | 576,094 | ||||||
689,000 | Sino Biopharmaceutical Ltd. | 689,527 | ||||||
8,000 | Tencent Holdings Ltd. | 627,729 | ||||||
147,400 | Venustech Group Inc. - A Shares | 749,168 | ||||||
55,100 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 662,902 | ||||||
12,246,695 | ||||||||
Singapore: 3.5% | ||||||||
31,968 | DBS Group Holdings Ltd. | 684,154 | ||||||
South Korea: 10.4% | ||||||||
38,530 | Hanon Systems | 603,027 | ||||||
9,550 | KT&G Corp. | 689,320 | ||||||
10,050 | Samsung Electronics Co., Ltd. | 725,410 | ||||||
2,017,757 |
Taiwan: 16.0% | ||||||||
79,000 | Catcher Technology Co., Ltd. | $ | 587,087 | |||||
110,000 | Elite Material Co., Ltd. | 653,197 | ||||||
4,800 | Largan Precision Co., Ltd. | 541,391 | ||||||
32,000 | Novatek Microelectronics Corp. | 646,521 | ||||||
2 | Shin Zu Shing Co., Ltd. | 9 | ||||||
33,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 680,640 | ||||||
3,108,845 | ||||||||
Total Common Stocks | 19,308,144 | |||||||
(cost $11,060,257) | ||||||||
Total Investments in Securities | 19,308,144 | |||||||
(cost $11,060,257): 99.3% | ||||||||
Other Assets less Liabilities: 0.7% | 127,628 | |||||||
Net Assets: 100.0% | $ | 19,435,772 |
* | Non-income producing security. |
ADR - American Depository Receipt