GUINNESS ATKINSON ALTERNATIVE ENERGY FUND
Schedule of Investments
at September 30, 2021 (Unaudited)
Shares | Common Stocks: 95.3% | Value | ||||||
Electrification: 40.1% | ||||||||
8,460 | APTIV PLC | $ | 1,260,286 | |||||
16,160 | Gentherm Inc.* | 1,307,829 | ||||||
19,210 | Hella GmbH & Co. KGaA | 1,341,814 | ||||||
30,220 | Infineon Technologies AG | 1,240,451 | ||||||
12,740 | Itron Inc.* | 963,526 | ||||||
29,720 | Johnson Matthey PLC | 1,070,618 | ||||||
1,760 | LG Chem Ltd. | 1,140,660 | ||||||
27,720 | ON Semiconductor Corp.* | 1,268,744 | ||||||
2,070 | Samsung SDI Co., Ltd. | 1,244,098 | ||||||
7,680 | Schneider Electric SE | 1,277,113 | ||||||
22,780 | Sensata Technologies Holding* | 1,246,522 | ||||||
80,000 | Tianneng Power International | 89,679 | ||||||
13,451,340 | ||||||||
Energy Efficiency: 10.7% | ||||||||
19,490 | Ameresco PLC* | 1,138,801 | ||||||
6,700 | Hubbell Inc. | 1,210,489 | ||||||
98,140 | Nibe Industrier AB - B Shares | 1,240,057 | ||||||
3,589,347 | ||||||||
Renewable Energy Generation: 26.9% | ||||||||
21,790 | Albioma SA | 854,994 | ||||||
564,000 | China Longyuan Power Group Corp. - H Shares | 1,385,757 | ||||||
1,362,000 | China Suntien Green Energy Corp. Ltd. - H Shares | 1,362,558 | ||||||
105,450 | Iberdrola SA | 1,058,674 | ||||||
16,510 | Nextera Energy Inc. | 1,296,365 | ||||||
12,129 | Ormat Technologies Inc. | 807,913 | ||||||
38,640 | Siemens Gamesa Renewable Energy SA | 980,925 | ||||||
84,100 | TransAlta Renewables Inc. | 1,261,002 | ||||||
9,008,188 | ||||||||
Renewal Equipment Manufacturing: 17.6% | ||||||||
23,650 | Canadian Solar Inc.* | 818,054 | ||||||
3,570 | Enphase Energy Inc.* | 535,393 | ||||||
13,770 | First Solar Inc.* | 1,314,484 | ||||||
2,130 | Solaredge Technologies Inc.* | 564,919 | ||||||
14,510 | TPI Composites Inc.* | 489,713 | ||||||
28,165 | Vestas Wind Systems A/S | 1,129,312 | ||||||
500,200 | Xinyi Solar Holdings Ltd. | 1,022,975 | ||||||
5,874,850 |
Total Common Stocks | $ | 31,923,725 | ||||||
(cost $26,683,296) | ||||||||
Total Investments in Securities | 31,923,725 | |||||||
(cost $26,683,296): 95.3% | ||||||||
Liabilities in Net Excess of Other Assets: 4.7% | 1,589,260 | |||||||
Net Assets: 100.0% | $ | 33,512,985 |
* | Non-income producing security. |
PLC - Public Limited Company