GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at March 31, 2021 (Unaudited)
| Shares | | | Common Stocks: 96.6% | | Value | |
| | | | | | | | | |
| | | | | Energy - Alternate Sources: 1.4% | | | | |
| | 762 | | | Maxeon Solar Technologies Ltd | | $ | 24,049 | |
| | 3,500 | | | SunPower Corp.* | | | 117,075 | |
| | | | | | | | 141,124 | |
| | | | | | | | | |
| | | | | Oil & Gas - Exploration & Production: 25.0% | | | | |
| | 12,300 | | | Canadian Natural Resources Ltd. | | | 380,246 | |
| | 262,000 | | | CNOOC Ltd. | | | 273,996 | |
| | 7,400 | | | ConocoPhillips | | | 391,978 | |
| | 2,311,662 | | | Deltic Energy PLC | | | 51,783 | |
| | 16,900 | | | Devon Energy Corp. | | | 369,265 | |
| | 51,490 | | | Diversified Gas & Oil PLC | | | 78,787 | |
| | 298,417 | | | EnQuest PLC* | | | 72,977 | |
| | 5,650 | | | EOG Resources Inc. | | | 409,794 | |
| | 93,214 | | | JKX Oil & Gas PLC* | | | 33,730 | |
| | 137,690 | | | Pharos Energy PLC | | | 43,371 | |
| | 2,650 | | | Pioneer Natural Resources Company | | | 420,873 | |
| | 5,221,570 | | | Reabold Resources PLC* | | | 42,108 | |
| | | | | | | | 2,568,908 | |
| | | | | Oil & Gas - Field Services: 4.6% | | | | |
| | 23,780 | | | Helix Energy Solutions Group, Inc.* | | | 120,089 | |
| | 12,800 | | | Schlumberger Ltd. | | | 348,032 | |
| | | | | | | | 468,121 | |
| | | | | Oil & Gas - Integrated: 57.6% | | | | |
| | 100,610 | | | BP PLC | | | 408,653 | |
| | 4,220 | | | Chevron Corp | | | 442,214 | |
| | 610,000 | | | China Petroleum & Chemical | | | 324,850 | |
| | 32,680 | | | Eni SpA | | | 402,153 | |
| | 20,010 | | | Equinor ASA | | | 391,367 | |
| | 8,150 | | | Exxon Mobil Corp | | | 455,014 | |
| | 28,650 | | | Galp Energia Sgps Sa | | | 333,277 | |
| | 58,400 | | | Gazprom OAO - ADR | | | 348,298 | |
| | 17,651 | | | Imperial Oil Ltd. | | | 427,545 | |
| | 8,198 | | | OMV AG | | | 415,875 | |
| | 864,000 | | | PetroChina Co., Ltd. - H Shares | | | 312,301 | |
| | 33,071 | | | Repsol SA | | | 409,524 | |
| | 21,180 | | | Royal Dutch Shell PLC - Class A | | | 417,257 | |
| | 18,776 | | | Suncor Energy, Inc. | | | 392,493 | |
| | 9,190 | | | TOTAL SA | | | 428,641 | |
| | | | | | | | 5,909,462 | |
| | | | | Oil & Gas - Pipelines and Transportation: 4.0% | | | | |
| | 11,400 | | | Enbridge Inc. | | $ | 414,960 | |
| | | | | | | | | |
| | | | | Oil Refining & Marketing: 4.0% | | | | |
| | 5,669 | | | Valero Energy, Corp. | | | 405,900 | |
| | | | | | | | | |
| | | | | Total Common Stocks | | | 9,908,475 | |
| | | | | (cost $13,486,240) | | | | |
| | | | | | | | | |
| | | | | Total Investments in Securities | | | 9,908,475 | |
| | | | | (cost $13,486,240): 96.6% | | | | |
| | | | | | | | | |
| | | | | Other Assets less Liabilities: 3.4% | | | 350,861 | |
| | | | | | | | | |
| | | | | Net Assets: 100.0% | | $ | 10,259,336 | |
| * | Non-income producing security. |
ADR - American Depository Receipt
PLC - Public Limited Company
