GUINNESS ATKINSON CHINA & HONG KONG FUND
Schedule of Investments
at September 30, 2022 (Unaudited)
Shares | Common Stocks: 99.7% | Value | ||||||
Appliances: 7.2% | ||||||||
453,200 | Haier Smart Home Co., Ltd. - H Shares* | $ | 1,379,612 | |||||
181,009 | Zhejiang Supor Cookware - A Shares | 1,165,913 | ||||||
2,545,525 | ||||||||
Auto/Cars - Light Trucks: 2.2% | ||||||||
579,000 | Geely Automobile Holdings Ltd. | 790,156 | ||||||
Auto/Truck Parts & Equipment: 2.1% | ||||||||
797,480 | Weichai Power Co., Ltd. - H Shares | 747,746 | ||||||
Batteries/Battery System: 3.2% | ||||||||
173,440 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 1,144,180 | ||||||
Commercial Banks: 2.8% | ||||||||
213,000 | China Merchants Bank Co., Ltd. - H Shares | 983,662 | ||||||
Computer Data Security: 3.7% | ||||||||
461,650 | Venustech Group Inc. - A Shares | 1,303,264 | ||||||
E-Commerce/Services: 7.4% | ||||||||
24,500 | Alibaba Group Holding Ltd. | 245,690 | ||||||
10,300 | Alibaba Group Holding Ltd. - ADR | 823,897 | ||||||
1,352 | JD.com Inc. | 34,035 | ||||||
30,400 | JD.com Inc. - ADR | 1,529,120 | ||||||
2,632,742 | ||||||||
Electronic Components: 5.6% | ||||||||
539,989 | Shenzhen H&T Intelligent Control Co., Ltd. - A Shares | 1,103,970 | ||||||
479,200 | Shengyi Technology Co., Ltd. - A Shares | 876,538 | ||||||
1,980,508 | ||||||||
Energy-Alternate: 6.2% | ||||||||
160,440 | Hangzhou First Applied Materials Co., Ltd. | 1,190,330 | ||||||
973,987 | Xinyi Solar Holdings Ltd. | 1,030,383 | ||||||
2,220,713 | ||||||||
Finance: 3.1% | ||||||||
32,400 | Hong Kong Exchanges & Clearing Ltd. | 1,103,983 | ||||||
Food-Dairy Products: 7.0% | ||||||||
317,800 | Chongqing Fuling Zhacai Group Co., Ltd. - A Shares | 1,205,508 | ||||||
275,600 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 1,271,900 | ||||||
2,477,408 | ||||||||
Home Furniture: 3.2% | ||||||||
485,700 | Suofeiya Home Collection - A Shares | 1,137,294 |
Insurance: 6.5% | ||||||||
170,200 | AIA Group Ltd. | $ | 1,417,978 | |||||
175,500 | Ping An Insurance Group Company of China Ltd. - H Shares | 863,592 | ||||||
2,281,570 | ||||||||
Internet Application Software: 2.7% | ||||||||
28,400 | Tencent Holdings Ltd. | 960,873 | ||||||
Internet Content - Entertainment: 4.5% | ||||||||
20,875 | NetEase Inc. - ADR | 1,578,150 | ||||||
Machinery-General Industry: 11.0% | ||||||||
441,840 | NARI Technology Co., Ltd. - A Shares | 1,531,795 | ||||||
171,454 | Shenzhen Inovance Technology Co., Ltd. - A Shares | 1,375,511 | ||||||
501,697 | Sany Heavy Industry Co., Ltd. - A Shares | 971,858 | ||||||
3,879,164 | ||||||||
Pharmaceuticals: 10.4% | ||||||||
1,096,000 | China Medical System Holdings | 1,306,406 | ||||||
1,366,400 | CSPC Pharmaceutical Group Ltd. | 1,364,441 | ||||||
2,183,500 | Sino Biopharmaceutical Ltd. | 1,020,752 | ||||||
3,691,599 | ||||||||
Real Estate Operations/Development: 4.4% | ||||||||
590,000 | China Overseas Land & Investments Ltd. | 1,538,547 | ||||||
Retail - Apparel/Shoe: 2.6% | ||||||||
117,600 | Shenzhou International Group Holdings Ltd. | 907,369 | ||||||
Web Portals: 3.9% | ||||||||
11,700 | Baidu Inc.* | 1,374,633 | ||||||
Total Common Stocks | $ | 35,279,086 | ||||||
(cost $42,093,463) | ||||||||
Total Investments in Securities | 35,279,086 | |||||||
(cost $42,093,463): 99.7% | ||||||||
Other Assets less Liabilities: 0.3% | 114,054 | |||||||
Net Assets: 100.0% | $ | 35,393,140 |
* | Non-income producing security. |
ADR - American Depository Receipt