GUINNESS ATKINSON CHINA & HONG KONG FUND
Schedule of Investments
at March 31, 2023 (Unaudited)
Shares | Common Stocks: 99.7% | Value | ||||||
Appliances: 6.6% | ||||||||
365,400 | Haier Smart Home Co., Ltd. - H Shares* | $ | 1,147,126 | |||||
175,709 | Zhejiang Supor Cookware - A Shares | 1,380,959 | ||||||
2,528,085 | ||||||||
Application Software: 3.2% | ||||||||
672,000 | TravelSky Technology, Ltd. | 1,251,585 | ||||||
Auto/Cars - Light Trucks: 2.9% | ||||||||
861,000 | Geely Automobile Holdings Ltd. | 1,105,447 | ||||||
Auto/Truck Parts & Equipment: 3.3% | ||||||||
797,480 | Weichai Power Co., Ltd. - H Shares | 1,278,006 | ||||||
Batteries/Battery System: 2.6% | ||||||||
173,440 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 1,020,021 | ||||||
Commercial Banks: 2.8% | ||||||||
213,000 | China Merchants Bank Co., Ltd. - H Shares | 1,088,137 | ||||||
Computer Data Security: 4.0% | ||||||||
318,650 | Venustech Group Inc. - A Shares | 1,544,368 | ||||||
E-Commerce/Services: 6.8% | ||||||||
24,500 | Alibaba Group Holding Ltd. | 311,094 | ||||||
10,300 | Alibaba Group Holding Ltd. - ADR | 1,052,454 | ||||||
1,352 | JD.com Inc. | 29,097 | ||||||
28,300 | JD.com Inc. - ADR | 1,242,087 | ||||||
2,634,732 | ||||||||
Electronic Components: 2.4% | ||||||||
376,589 | Shenzhen H&T Intelligent Control Co., Ltd. - A Shares | 934,133 | ||||||
Energy-Alternate: 6.4% | ||||||||
152,740 | Hangzhou First Applied Materials Co., Ltd. | 1,304,007 | ||||||
973,987 | Xinyi Solar Holdings Ltd. | 1,168,190 | ||||||
2,472,197 | ||||||||
Finance: 3.3% | ||||||||
28,700 | Hong Kong Exchanges & Clearing Ltd. | 1,277,034 | ||||||
Food-Dairy Products: 6.1% | ||||||||
320,100 | Chongqing Fuling Zhacai Group Co., Ltd. - A Shares | 1,179,217 | ||||||
275,600 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 1,165,531 | ||||||
2,344,748 | ||||||||
Home Furniture: 3.5% | ||||||||
476,500 | Suofeiya Home Collection - A Shares | 1,352,965 |
GUINNESS ATKINSON CHINA & HONG KONG FUND
Schedule of Investments
at March 31, 2023 (Unaudited)
Shares | Common Stocks: 99.7% | Value | ||||||
Insurance: 6.1% | ||||||||
114,000 | AIA Group Ltd. | $ | 1,195,746 | |||||
175,500 | Ping An Insurance Group Company of China Ltd. - H Shares | 1,137,101 | ||||||
2,332,847 | ||||||||
Internet Application Software: 3.6% | ||||||||
28,400 | Tencent Holdings Ltd. | 1,385,832 | ||||||
Internet Content - Entertainment: 4.5% | ||||||||
19,475 | NetEase Inc. - ADR | 1,722,369 | ||||||
Internet Content - Retail: 0.1% | ||||||||
2,840 | Meituan - Class B* | 51,807 | ||||||
Machinery-General Industry: 11.2% | ||||||||
382,640 | NARI Technology Co., Ltd. - A Shares | 1,511,668 | ||||||
501,697 | Sany Heavy Industry Co., Ltd. - A Shares | 1,246,621 | ||||||
153,454 | Shenzhen Inovance Technology Co., Ltd. - A Shares | 1,569,369 | ||||||
4,327,658 | ||||||||
Pharmaceuticals: 10.2% | ||||||||
1,006,000 | China Medical System Holdings | 1,590,223 | ||||||
1,164,400 | CSPC Pharmaceutical Group Ltd. | 1,139,973 | ||||||
2,183,500 | Sino Biopharmaceutical Ltd. | 1,223,231 | ||||||
3,953,427 | ||||||||
Real Estate Operations/Development: 3.0% | ||||||||
476,000 | China Overseas Land & Investments Ltd. | 1,149,162 | ||||||
Retail - Apparel/Shoe: 3.0% | ||||||||
111,100 | Shenzhou International Group Holdings Ltd. | 1,161,079 | ||||||
Web Portals: 4.1% | ||||||||
10,400 | Baidu Inc.* | 1,569,568 | ||||||
Total Common Stocks | $ | 38,485,207 | ||||||
(cost $37,158,063) | ||||||||
Total Investments in Securities | 38,485,207 | |||||||
(cost $37,158,063): 99.7% | ||||||||
Other Assets less Liabilities: (0.3%) | 101,229 | |||||||
Net Assets: 100.0% | $ | 38,586,436 |
* | Non-income producing security. |
ADR - American Depository Receipt