GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at September 30, 2022 (Unaudited)
Shares | Common Stocks: 96.4% | Value | ||||||
Australia: 6.8% | ||||||||
28,819 | Corporate Travel Management Ltd. | $ | 304,658 | |||||
19,149 | Sonic Healthcare Ltd. | 373,079 | ||||||
677,737 | ||||||||
China: 57.6% | ||||||||
8,900 | Alibaba Group Holding Ltd. | 89,251 | ||||||
1,700 | Alibaba Group Holding Ltd. - ADR | 135,983 | ||||||
16,900 | Autohome Inc. - ADR | 486,044 | ||||||
3,400 | Baidu Inc.* -ADR | 399,466 | ||||||
293,000 | China Medical System Holdings Ltd. | 349,249 | ||||||
66,500 | China Merchants Bank Co., Ltd. - H Shares | 307,106 | ||||||
205,000 | Geely Automobile Holdings Ltd. | 279,762 | ||||||
100,700 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 464,733 | ||||||
380 | JD.com In. - CL A | 9,566 | ||||||
9,000 | JD.com Inc. - ADR | 452,700 | ||||||
124,008 | NARI Technology Co., Ltd. - A Shares | 429,918 | ||||||
5,200 | NetEase Inc. - ADR | 393,120 | ||||||
49,000 | Ping An Insurance Group Company of China Ltd. - H Shares | 241,117 | ||||||
114,600 | Sany Heavy Industry Co., Ltd. - A Shares | 221,996 | ||||||
27,800 | Shenzhou International | 214,497 | ||||||
659,000 | Sino Biopharmaceutical Ltd. | 308,072 | ||||||
8,000 | Tencent Holdings Ltd. | 270,669 | ||||||
108,400 | Venustech Group Inc. - A Shares | 306,019 | ||||||
60,160 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 396,874 | ||||||
5,756,142 | ||||||||
Singapore: 5.5% | ||||||||
23,862 | DBS Group Holdings Ltd. | 553,491 | ||||||
South Korea: 9.2% | ||||||||
38,530 | Hanon Systems | 221,193 | ||||||
760 | LG Household & Health Care Ltd. | 331,581 | ||||||
10,050 | Samsung Electronics Co., Ltd. | 368,117 | ||||||
920,891 |
Taiwan: 9.4% | ||||||||
63,000 | Elite Material Co., Ltd. | $ | 314,962 | |||||
4,800 | Largan Precision Co., Ltd. | 251,735 | ||||||
2 | Shin Zu Shing Co., Ltd. | 6 | ||||||
28,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 371,121 | ||||||
937,824 | ||||||||
United States: 7.9% | ||||||||
3,508 | Applied Materials Inc. | 287,410 | ||||||
1,120 | Broadcom Inc. | 497,291 | ||||||
784,701 | ||||||||
Total Common Stocks | $ | 9,630,786 | ||||||
(cost $9,618,956) | ||||||||
Total Investments in Securities | 9,630,786 | |||||||
(cost $9,618,956): 96.4% | ||||||||
Other Assets less Liabilities: 3.6% | 360,724 | |||||||
Net Assets: 100.0% | $ | 9,991,510 |
* | Non-income producing security. |
ADR - American Depository Receipt