Guinness Atkinson Asia Focus Fund (IASMX) NPORT-P Guinness Atkinson Alternative Energy Fund (Mar 2022 report)

GUINNESS ATKINSON ALTERNATIVE ENERGY FUND

Schedule of Investments

at March 31, 2022 (Unaudited)

Shares		Common Stocks: 96.6%	Value
		Electrification: 33.9%
	7,930	APTIV PLC	$	949,300
	12,222	Gentherm Inc.*		892,695
	28,340	Infineon Technologies AG		964,950
	11,950	Itron Inc.*		629,526
	27,870	Johnson Matthey PLC		687,936
	1,650	LG Chem Ltd.		717,281
	20,370	ON Semiconductor Corp.*		1,275,366
	1,940	Samsung SDI Co., Ltd.		941,566
	6,730	Schneider Electric SE		1,130,329
	21,360	Sensata Technologies Holding*		1,086,156
	80,000	Tianneng Power International		84,653
				9,359,758
		Energy Efficiency: 11.9%
	15,460	Ameresco PLC*		1,229,070
	5,900	Hubbell Inc.		1,084,243
	87,330	Nibe Industrier AB - B Shares		970,285
				3,283,598
		Renewable Energy Generation: 27.0%
	20,430	Albioma SA		994,014
	529,000	China Longyuan Power Group Corp. - H Shares		1,189,858
	1,277,000	China Suntien Green Energy Corp. Ltd. - H Shares		716,344
	105,296	Iberdrola SA		1,150,693
	15,480	Nextera Energy Inc.		1,311,311
	11,369	Ormat Technologies Inc.		930,325
	78,900	TransAlta Renewables Inc.		1,166,551
				7,459,096
		Renewal Equipment Manufacturing: 23.8%
	25,150	Canadian Solar Inc.*		889,304
	4,700	Eaton Corp PLC		713,272
	3,350	Enphase Energy Inc.*		675,963
	12,910	First Solar Inc.*		1,081,083
	36,230	Siemens Gamesa Renewable Energy SA		632,700
	2,000	Solaredge Technologies Inc.*		644,740
	14,510	TPI Composites Inc.*		204,011
	28,285	Vestas Wind Systems A/S		835,599
	496,200	Xinyi Solar Holdings Ltd.		870,973
				6,547,645

Total Common Stocks	$	26,650,097
(cost $25,254,697)
Total Investments in Securities		26,650,097
(cost $25,254,697): 96.6%
Other Assets less Liabilities: 3.4%		926,232
Net Assets: 100.0%	$	27,576,329

^* Non-income producing security.

PLC - Public Limited Company