GUINNESS ATKINSON GLOBAL INNOVATORS FUND
Schedule of Investments
at September 30, 2022 (Unaudited)
Shares | Common Stocks: 99.2% | Value | ||||||
Application Software: 13.7% | ||||||||
13,003 | Intuit Inc. | $ | 5,036,322 | |||||
21,923 | Microsoft Corp. | 5,105,867 | ||||||
29,653 | Salesforce Inc.* | 4,265,287 | ||||||
48,037 | Zoom Video Communications | 3,535,043 | ||||||
17,942,519 | ||||||||
Athletic Footwear: 2.7% | ||||||||
42,783 | NIKE Inc. | 3,556,123 | ||||||
Cable/Satellite TV: 2.5% | ||||||||
113,354 | Comcast Corp. - Class A | 3,324,673 | ||||||
Commercial Services: 4.2% | ||||||||
63,430 | PayPal Holdings, Inc.* | 5,459,420 | ||||||
Computers: 3.6% | ||||||||
33,467 | Apple Inc. | 4,625,140 | ||||||
Diversified Manufacturing Operations: 8.2% | ||||||||
20,423 | Danaher Corp. | 5,275,057 | ||||||
10,782 | Thermo Fisher Scientific Inc. | 5,468,522 | ||||||
10,743,579 | ||||||||
E-Commerce: 3.2% | ||||||||
37,552 | Amazon.com Inc.* | 4,243,376 | ||||||
Electronic Components - Semiconductor: 8.8% | ||||||||
82,273 | Amphenol Corporation | 5,509,000 | ||||||
149,272 | Infineon Technologies AG | 3,256,266 | ||||||
22,250 | NVIDIA Corp. | 2,700,927 | ||||||
11,466,193 | ||||||||
Enterprise Software/Services: 2.3% | ||||||||
10,753 | Adobe Inc.* | 2,959,226 | ||||||
Finance - Other Services: 11.3% | ||||||||
53,279 | Intercontinental Exchange, Inc. | 4,813,758 | ||||||
17,693 | Mastercard Inc . | 5,030,828 | ||||||
27,505 | Visa Inc. | 4,886,263 | ||||||
14,730,849 | ||||||||
Internet Content: 3.1% | ||||||||
29,951 | Meta Platforms Inc. - Class A* | 4,063,752 |
Machinery - Electric Utility: 3.6% | ||||||||
184,955 | ABB Ltd. | $ | 4,727,885 | |||||
Machinery: 3.8% | ||||||||
13,729 | Roper Industries, Inc. | 4,937,497 | ||||||
Metal Instrument: 3.0% | ||||||||
49,319 | Medtronic PLC | 3,982,509 | ||||||
Pharmaceutical: 3.8% | ||||||||
69,120 | Bristol-Myers Squibb Co | 4,913,741 | ||||||
Power Conversion/Supply Equipment: 3.2% | ||||||||
36,974 | Schneider Electric SE | 4,179,124 | ||||||
Retail - Apparel: 2.7% | ||||||||
340,000 | ANTA Sports Products Ltd. | 3,578,654 | ||||||
Semiconductor: 12.1% | ||||||||
46,757 | Applied Materials Inc. | 3,830,801 | ||||||
14,250 | KLA-Tencor Corp. | 4,312,477 | ||||||
10,601 | Lam Research Corp. | 3,879,966 | ||||||
55,596 | Taiwan Semiconductor - ADR | 3,811,662 | ||||||
15,834,906 | ||||||||
Web Portals: 3.4% | ||||||||
45,820 | Alphabet Inc. - A Shares* | 4,382,683 | ||||||
Total Common Stocks | $ | 129,651,849 | ||||||
(cost $100,687,789) | ||||||||
Total Investments in Securities | 129,651,849 | |||||||
(cost $100,687,789): 99.2% | ||||||||
Other Assets less Liabilities: 0.8% | 1,116,365 | |||||||
Net Assets: 100.0% | $ | 130,768,214 |
* | Non-income producing security. |
ADR - American Depository Receipt
GDR - Global Depository Receipt
PLC - Public Limited Company