Guinness Atkinson Asia Focus Fund (IASMX) NPORT-P Guinness Atkinson China & Hong Kong Fund (Mar 2021 report)

GUINNESS ATKINSON CHINA & HONG KONG FUND

Schedule of Investments  

at March 31, 2021 (Unaudited)                                

Shares		Common Stocks:  99.6%	Value
		Appliances:  6.1%
	560,200	Haier Electronics Group Co., Ltd.*	$	2,241,074
	181,009	Zhejiang Supor Cookware - A Shares		1,972,584
				4,213,658
		Auto/Cars - Light Trucks:  2.8%
	774,000	Geely Automobile Holdings Ltd.		1,969,336
		Auto/Truck Parts & Equipment:  2.8%
	797,480	Weichai Power Co., Ltd. - H Shares		1,969,580
		Batteries/Battery System:  3.6%
	211,400	Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares		2,543,330
		Building Products: 7.4%
	334,230	Beijing Oriental Yuhong Waterproof Technology Co., Ltd. - A Shares		2,604,363
	1,252,000	China Lesso Group Holdings Ltd.		2,499,166
				5,103,529
		Casino Hotels: 3.3%
	257,000	Galaxy Entertainment Group Ltd.		2,314,109
		Commercial Banks:  3.5%
	334,500	China Merchants Bank Co., Ltd. - H Shares		2,439,182
		Computer Data Security:  3.8%
	511,650	Venustech Group Inc. - A Shares		2,600,487
		E-Commerce/Services:  9.7%
	31,300	Alibaba Group Holding Ltd. - ADR		2,235,096
	21,300	Autohome Inc. - ADR		1,986,651
	29,700	JD.com Inc. - ADR		2,504,601
				6,726,348
		Energy-Alternate:  3.2%
	1,348,000	Xinyi Solar Holdings Ltd		2,216,019
		Food-Dairy Products:  6.6%
	355,800	Chongqing Fuling Zhacai Group Co., Ltd.		2,276,587
	374,800	Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares		2,285,129
				4,561,716
		Gas-Distribution:  3.7%
	456,000	China Resources Gas Group Ltd.		2,528,103
		Home Furniture:  3.5%
	485,700	Suofeiya Home Collection - A Shares		2,436,046

	Insurance:  3.0%
175,500	Ping An Insurance Group Company of China Ltd. - H Shares	$	2,089,326
	Internet Application Software:  3.2%
28,400	Tencent Holdings Ltd.		2,228,440
	Internet Content - Entertainment:  3.6%
23,875	NetEase Inc. - ADR		2,465,333
	Machinery-General Industry:  6.6%
543,000	NARI Technology Co., Ltd. - A Shares		2,575,396
376,700	Sany Heavy Industry Co., Ltd. - A Shares		1,959,349
			4,534,745
	Pharmaceuticals: 10.0%
1,096,000	China Medical System Holdings		2,168,301
2,138,400	CSPC Pharmaceutical Group Ltd.		2,585,648
2,183,500	Sino Biopharmaceutical Ltd.		2,185,171
			6,939,120
	Real Estate Operations/Development:  3.7%
974,500	China Overseas Land & Investments Ltd.		2,532,129
	Retail - Apparel/Shoe:  2.7%
2,914,000	China Lilang Ltd.		1,892,926
	Schools:  3.5%
173,800	New Oriental Education & Technology Group Inc. - ADR*		2,433,200
	Web Portals:  3.3%
10,500	Baidu Inc.*	$	2,284,275
	Total Common Stocks		69,020,937
	(cost $45,967,536)
	Total Investments in Securities		69,020,937
	(cost $45,967,536):  99.6%
	Other Assets less Liabilities:  0.4%		295,203
	Net Assets: 100.0%	$	69,316,140

* Non-income producing security.

ADR - American Depository Receipt