Guinness Atkinson Asia Focus Fund (IASMX) NPORT-P Guinness Atkinson Global Innovators Fund (Sep 2021 report)

GUINNESS ATKINSON GLOBAL INNOVATORS FUND

Schedule of Investments

at September 30, 2021 (Unaudited)

Shares		Common Stocks: 98.0%	Value
		Application Software: 3.3%
	25,156	Microsoft Corp.	$	7,091,979
		Athletic Footwear: 3.3%
	49,086	NIKE Inc.		7,128,760
		Cable/Satellite TV: 3.4%
	130,268	Comcast Corp. - Class A		7,285,889
		Commercial Services: 3.3%
	27,202	PayPal Holdings, Inc.*		7,078,232
		Computers: 3.3%
	50,258	Apple Inc.		7,111,507
		Diversified Manufacturing Operations: 6.6%
	23,465	Danaher Corp.		7,143,685
	12,373	Thermo Fisher Scientific Inc.		7,069,066
				14,212,751
		E-Commerce: 3.3%
	2,151	Amazon.com Inc.*		7,066,121
		Electronic Components - Semiconductor: 13.0%
	94,291	Amphenol Corporation		6,904,930
	171,481	Infineon Technologies AG		7,038,840
	34,457	NVIDIA Corp.		7,138,112
	3,747	Samsung Electronics Co., Ltd. - GDR		7,023,212
				28,105,094
		Enterprise Software/Services: 6.5%
	12,323	Adobe Inc.*		7,094,598
	51,691	SAP SE		6,997,765
				14,092,363
		Finance - Other Services: 9.8%
	61,194	Intercontinental Exchange, Inc.		7,026,295
	20,309	Mastercard Inc .		7,061,033
	31,620	Visa Inc.		7,043,355
				21,130,683
		Internet Content: 3.3%
	20,937	Facebook Inc.*		7,105,808

	Machinery - Electric Utility: 3.2%
212,013	ABB Ltd.	$	7,098,317
	Machinery: 3.2%
15,747	Roper Industries, Inc.		7,025,209
	Metal Instrument: 3.3%
56,604	Medtronic PLC		7,095,311
	Networking Products: 3.2%
128,461	Cisco Systems Inc.		6,992,132
	Pharmaceutical: 3.3%
119,187	Bristol-Myers Squibb Co		7,052,295
	Power Conversion/Supply Equipment: 3.3%
42,394	Schneider Electric SE		7,049,731
	Retail - Apparel: 3.3%
296,000	ANTA Sports Products Ltd.		7,350,909
	Semiconductor: 12.9%
53,670	Applied Materials Inc.		6,908,939
20,552	KLA-Tencor Corp.		6,874,850
12,172	Lam Research Corp.		6,927,694
63,737	Taiwan Semiconductor - ADR		7,116,236
			27,827,719
	Web Portals: 3.2%
2,625	Alphabet Inc. - A Shares*		7,017,990
	Total Common Stocks	$	211,918,800
	(cost $109,307,952)
	Total Investments in Securities		211,918,800
	(cost $109,307,952): 98.0%
	Other Assets less Liabilities: 2.0%		4,304,242
	Net Assets: 100.0%	$	216,223,042

* Non-income producing security.

ADR - American Depository Receipt

GDR - Global Depository Receipt

PLC - Public Limited Company