GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at March 31, 2022 (Unaudited)
Shares | Common Stocks: 98.8% | Value | ||||||
Australia: 7.6% | ||||||||
32,819 | Corporate Travel Management Ltd. | $ | 575,759 | |||||
19,149 | Sonic Healthcare Ltd. | 506,625 | ||||||
1,082,384 | ||||||||
China: 55.4% | ||||||||
8,900 | Alibaba Group Holding Ltd. | 120,656 | ||||||
1,700 | Alibaba Group Holding Ltd. - ADR | 184,960 | ||||||
19,200 | Autohome Inc. - ADR | 583,872 | ||||||
3,400 | Baidu Inc.* -ADR | 449,820 | ||||||
321,000 | China Lesso Group Holdings Ltd. | 386,588 | ||||||
293,000 | China Medical System Holdings Ltd. | 458,774 | ||||||
66,500 | China Merchants Bank Co., Ltd. - H Shares | 517,528 | ||||||
205,000 | Geely Automobile Holdings Ltd. | 318,026 | ||||||
100,700 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 582,104 | ||||||
380 | JD.com In. - CL A | 10,957 | ||||||
9,000 | JD.com Inc. - ADR | 520,830 | ||||||
113,340 | NARI Technology Co., Ltd. - A Shares | 558,510 | ||||||
5,700 | NetEase Inc. - ADR | 511,233 | ||||||
49,000 | Ping An Insurance Group Company of China Ltd. - H Shares | 344,500 | ||||||
114,600 | Sany Heavy Industry Co., Ltd. - A Shares | 314,049 | ||||||
27,800 | Shenzhou International | 366,625 | ||||||
659,000 | Sino Biopharmaceutical Ltd. | 409,042 | ||||||
8,000 | Tencent Holdings Ltd. | 373,291 | ||||||
108,400 | Venustech Group Inc. - A Shares | 355,202 | ||||||
60,160 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 550,376 | ||||||
7,916,943 | ||||||||
Singapore: 5.4% | ||||||||
29,362 | DBS Group Holdings Ltd. | 770,933 | ||||||
South Korea: 8.7% | ||||||||
38,530 | Hanon Systems | 372,011 | ||||||
430 | LG Household & Health Care Ltd. | 303,228 | ||||||
10,050 | Samsung Electronics Co., Ltd. | 573,552 | ||||||
1,248,791 |
Taiwan: 13.5% | ||||||||
63,000 | Elite Material Co., Ltd. | $ | 562,939 | |||||
4,800 | Largan Precision Co., Ltd. | 315,059 | ||||||
32,000 | Novatek Microelectronics Corp. | 472,634 | ||||||
2 | Shin Zu Shing Co., Ltd. | 6 | ||||||
28,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 577,258 | ||||||
1,927,896 | ||||||||
United States: 8.2% | ||||||||
3,508 | Applied Materials Inc. | 462,354 | ||||||
1,120 | Broadcom Inc. | 705,242 | ||||||
1,167,596 | ||||||||
Total Common Stocks | $ | 14,114,543 | ||||||
(cost $10,077,678) | ||||||||
Total Investments in Securities | 14,114,543 | |||||||
(cost $10,077,678): 98.8% | ||||||||
Other Assets less Liabilities: 1.2% | 168,222 | |||||||
Net Assets: 100.0% | $ | 14,282,765 |
* | Non-income producing security. |
ADR - American Depository Receipt