GUINNESS ATKINSON CHINA & HONG KONG FUND
Schedule of Investments
at September 30, 2021 (Unaudited)
Shares | Common Stocks: 100.4% | Value | ||||||
Appliances: 5.7% | ||||||||
560,200 | Haier Electronics Group Co., Ltd.* | $ | 1,960,015 | |||||
181,009 | Zhejiang Supor Cookware - A Shares | 1,308,816 | ||||||
3,268,831 | ||||||||
Auto/Cars - Light Trucks: 2.9% | ||||||||
579,000 | Geely Automobile Holdings Ltd. | 1,661,694 | ||||||
Auto/Truck Parts & Equipment: 2.9% | ||||||||
797,480 | Weichai Power Co., Ltd. - H Shares | 1,653,456 | ||||||
Batteries/Battery System: 3.2% | ||||||||
173,440 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 1,856,048 | ||||||
Building Products: 3.0% | ||||||||
1,062,000 | China Lesso Group Holdings Ltd. | 1,697,860 | ||||||
Casino Hotels: 2.3% | ||||||||
257,000 | Galaxy Entertainment Group Ltd. | 1,315,108 | ||||||
Commercial Banks: 4.2% | ||||||||
299,500 | China Merchants Bank Co., Ltd. - H Shares | 2,381,251 | ||||||
Computer Data Security: 3.8% | ||||||||
511,650 | Venustech Group Inc. - A Shares | 2,181,220 | ||||||
E-Commerce/Services: 13.4% | ||||||||
24,500 | Alibaba Group Holding Ltd. | 452,579 | ||||||
6,800 | Alibaba Group Holding Ltd. - ADR | 1,006,740 | ||||||
53,200 | Autohome Inc. - ADR | 2,496,676 | ||||||
29,700 | JD.com Inc. - ADR | 2,145,528 | ||||||
479,200 | Shengyi Technology Co., Ltd. | 1,598,882 | ||||||
7,700,405 | ||||||||
Energy-Alternate: 4.9% | ||||||||
1,365,987 | Xinyi Solar Holdings Ltd. | 2,793,625 | ||||||
Food-Dairy Products: 6.7% | ||||||||
355,800 | Chongqing Fuling Zhacai Group Co., Ltd. | 1,692,560 | ||||||
374,800 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 2,187,059 | ||||||
3,879,619 | ||||||||
Gas-Distribution: 4.2% | ||||||||
456,000 | China Resources Gas Group Ltd. | 2,391,886 | ||||||
Home Furniture: 2.2% | ||||||||
485,700 | Suofeiya Home Collection - A Shares | 1,248,991 |
Insurance: 5.5% | ||||||||
170,200 | AIA Group Ltd. | $ | 1,966,694 | |||||
175,500 | Ping An Insurance Group Company of China Ltd. - H Shares | 1,195,674 | ||||||
3,162,368 | ||||||||
Internet Application Software: 3.0% | ||||||||
28,400 | Tencent Holdings Ltd. | 1,710,629 | ||||||
Internet Content - Entertainment: 3.6% | ||||||||
23,875 | NetEase Inc. - ADR | 2,038,925 | ||||||
Machinery-General Industry: 8.8% | ||||||||
551,600 | NARI Technology Co., Ltd. - A Shares | 3,051,914 | ||||||
501,697 | Sany Heavy Industry Co., Ltd. - A Shares | 1,973,404 | ||||||
5,025,318 | ||||||||
Pharmaceuticals: 10.6% | ||||||||
1,096,000 | China Medical System Holdings | 2,000,802 | ||||||
1,878,400 | CSPC Pharmaceutical Group Ltd. | 2,236,322 | ||||||
2,183,500 | Sino Biopharmaceutical Ltd. | 1,817,847 | ||||||
6,054,971 | ||||||||
Real Estate Operations/Development: 3.8% | ||||||||
974,500 | China Overseas Land & Investments Ltd. | 2,203,693 | ||||||
Retail - Apparel/Shoe: 2.9% | ||||||||
2,914,000 | China Lilang Ltd. | 1,688,872 | ||||||
Web Portals: 2.8% | ||||||||
10,500 | Baidu Inc.* | 1,614,375 | ||||||
Total Common Stocks | $ | 57,529,145 | ||||||
(cost $47,938,929) | ||||||||
Total Investments in Securities | 57,529,145 | |||||||
(cost $47,938,929): 100.4% | ||||||||
Liabilities in Excess of Other Assets: (0.4%) | (209,439 | ) | ||||||
Net Assets: 100.0% | $ | 57,319,706 |
* | Non-income producing security. |
ADR - American Depository Receipt