| GUINNESS ATKINSON GLOBAL INNOVATORS FUND |
| Schedule of Investments |
| at March 31, 2021 (Unaudited) |
| Shares | Common Stocks: 99.4% | Value | ||||||
| Application Software: 6.4% | ||||||||
| 58,210 | Check Point Software Technologies Ltd | $ | 6,517,774 | |||||
| 28,020 | Microsoft Corp. | 6,606,275 | ||||||
| 13,124,049 | ||||||||
| Athletic Footwear: 3.1% | ||||||||
| 47,328 | NIKE Inc. | 6,289,418 | ||||||
| Cable/Satellite TV: 3.4% | ||||||||
| 130,320 | Comcast Corp. - Class A | 7,051,615 | ||||||
| Commercial Services: 3.3% | ||||||||
| 27,817 | PayPal Holdings, Inc.* | 6,755,080 | ||||||
| Diversified Manufacturing Operations: 6.3% | ||||||||
| 28,839 | Danaher Corp. | 6,491,082 | ||||||
| 14,050 | Thermo Fisher Scientific Inc. | 6,412,139 | ||||||
| 12,903,221 | ||||||||
| E-Commerce: 3.1% | ||||||||
| 2,040 | Amazon.com Inc.* | 6,311,923 | ||||||
| Electronic Components - Semiconductor: 10.1% | ||||||||
| 165,085 | Infineon Technologies AG | 6,999,135 | ||||||
| 13,534 | NVIDIA Corp. | 7,226,209 | ||||||
| 3,594 | Samsung Electronics Co., Ltd. - GDR | 6,555,456 | ||||||
| 20,780,800 | ||||||||
| Enterprise Software/Services: 6.3% | ||||||||
| 13,740 | Adobe Inc.* | 6,531,584 | ||||||
| 52,599 | SAP SE | 6,440,648 | ||||||
| 12,972,232 | ||||||||
| Finance - Other Services: 10.0% | ||||||||
| 57,973 | Intercontinental Exchange, Inc. | 6,474,425 | ||||||
| 20,190 | Mastercard Inc . | 7,188,650 | ||||||
| 32,930 | Visa Inc. | 6,972,269 | ||||||
| 20,635,344 | ||||||||
| Internet Application Software: 3.1% | ||||||||
| 80,000 | Tencent Holdings Ltd. | 6,277,294 | ||||||
| Internet Content: 3.7% | ||||||||
| 25,580 | Facebook Inc.* | 7,534,078 | ||||||
| Machinery - Electric Utility: 3.3% | ||||||||
| 224,720 | ABB Ltd. | $ | 6,791,179 | |||||
| Machinery: 3.4% | ||||||||
| 17,380 | Roper Industries, Inc. | 7,010,049 | ||||||
| Metal Instrument: 3.4% | ||||||||
| 59,270 | Medtronic PLC | 7,001,565 | ||||||
| Networking Products: 3.7% | ||||||||
| 147,247 | Cisco Systems Inc. | 7,614,142 | ||||||
| Pharmaceutical: 3.4% | ||||||||
| 109,020 | Bristol-Myers Squibb Co | 6,882,433 | ||||||
| Power Conversion/Supply Equipment: 3.1% | ||||||||
| 41,975 | Schneider Electric SE | 6,411,163 | ||||||
| Retail - Apparel: 3.2% | ||||||||
| 405,000 | ANTA Sports Products Ltd. | 6,605,823 | ||||||
| Schools: 2.8% | ||||||||
| 418,140 | New Oriental Education & Technology Group Inc. - ADR* | 5,853,960 | ||||||
| Semiconductor: 11.1% | ||||||||
| 58,990 | Applied Materials Inc. | 7,881,064 | ||||||
| 23,680 | KLA-Tencor Corp. | 7,823,872 | ||||||
| 11,800 | Lam Research Corp. | 7,023,832 | ||||||
| 22,728,768 | ||||||||
| Web Portals: 3.2% | ||||||||
| 3,210 | Alphabet Inc. - A Shares* | 6,620,689 | ||||||
| Total Common Stocks | $ | 204,154,825 | ||||||
| (cost $99,354,116) | ||||||||
| Total Investments in Securities | 204,154,825 | |||||||
| (cost $99,354,116): 99.4% | ||||||||
| Other Assets less Liabilities: 0.6% | 1,174,909 | |||||||
| Net Assets: 100.0% | $ | 205,329,734 |
| * | Non-income producing security. |
ADR - American Depository Receipt
GDR - Global Depository Receipt
PLC - Public Limited Company