GUINNESS ATKINSON RENMINBI YUAN & BOND FUND
Schedule of Investments
at September 30, 2021 (Unaudited)
Principal Amount (CNH) | Corporate Bonds: 78.5% | Value | ||||||
Auto-Cars/Light Trucks: 12.0% | ||||||||
3,000,000 | BMW Finance, 2.800%, 8/11/23 | $ | 465,258 | |||||
1,000,000 | Volkswagen International Finance NV, 2.900%, 01/21/24 | 154,692 | ||||||
619,950 | ||||||||
Commercial Banks: 30.3% | ||||||||
1,000,000 | Bank of China, 3.300%, 04/17/22 | 155,305 | ||||||
1,000,000 | Bank of China, 3.008%, 04/28/26 | 155,089 | ||||||
2,000,000 | CBQ Finance Ltd., 4.000%, 08/05/23 | 313,088 | ||||||
1,000,000 | China Construction Bank, 2.850%, 04/22/23 | 154,771 | ||||||
4,000,000 | First Abu Dhabi Bank, 3.400%, 08/18/25 | 623,154 | ||||||
1,000,000 | QNB Finance Ltd., 3.800%, 06/17/25 | 157,200 | ||||||
1,558,607 | ||||||||
Diversified Operations: 6.0% | ||||||||
1,000,000 | HSBC Holding, 3.400%, 06/29/27 | 155,677 | ||||||
1,000,000 | Wharf Finance Lrd., 3.250%, 01/14/24 | 154,281 | ||||||
309,958 | ||||||||
Export/Import Bank: 15.2% | ||||||||
1,000,000 | China Development Bank, 3.030%, 11/27/23 | 155,956 | ||||||
1,000,000 | China Development Bank, 3.230%, 11/27/25 | 157,423 | ||||||
1,000,000 | European International Bank, 2.700%, 04/22/24 | 155,277 | ||||||
1,000,000 | Export-Import Bank of Korea, 4.500%, 01/27/24 | 160,500 | ||||||
1,000,000 | Kreditanstalt Fuer Wiederaufbau, 2.700%, 03/25/24 | 155,543 | ||||||
784,699 | ||||||||
Finance-Mtg Loan/Banker: 3.0% | ||||||||
1,000,000 | Hong Kong Mortgage Corp. Ltd., 2.700%, 02/09/24 | 154,500 | ||||||
Transportation Services: 3.0% | ||||||||
1,000,000 | GLP China Holding Ltd., 4.000%, 02/7/24 | 154,625 | ||||||
Real Estate Operator/Developer: 9.0% | ||||||||
1,000,000 | Sun Hung Kai Properties 3.200%, 08/14/27 | 153,895 | ||||||
1,000,000 | Wharf Real Estate Investment Company Ltd., 3.200%, 09/15/23 | 155,239 | ||||||
1,000,000 | Zhenro Properties Group Ltd., 7.120%, 06/30/22 | 152,760 | ||||||
461,894 | ||||||||
Total Corporate Bonds | $ | 4,044,233 | ||||||
(cost $3,923,665) | ||||||||
Total Investments in Securities | 4,044,233 | |||||||
(cost $3,923,665): 78.5% | ||||||||
China Yuan (Offshore): 19.0% | 979,994 | |||||||
Other Assets less Liabilities: 2.5% | 130,631 | |||||||
Net Assets: 100.0% | $ | 5,154,858 |
CNH - The official currency of the People’s Republic of China.