GUINNESS ATKINSON GLOBAL INNOVATORS FUND
Schedule of Investments
at March 31, 2023 (Unaudited)
| | | | | | | |
| Shares | | | Common Stocks: 98.7% | | Value | |
| | | | | Application Software: 13.1% | | | | |
| | 12,125 | | | Intuit Inc. | | $ | 5,405,689 | |
| | 20,442 | | | Microsoft Corp. | | | 5,893,429 | |
| | 27,649 | | | Salesforce Inc.* | | | 5,523,717 | |
| | 44,791 | | | Zoom Video Communications | | | 3,307,367 | |
| | | | | | | | 20,130,202 | |
| | | | | Athletic Footwear: 3.2% | | | | |
| | 39,891 | | | NIKE Inc. | | | 4,892,232 | |
| | | | | | | | | |
| | | | | Cable/Satellite TV: 2.6% | | | | |
| | 105,691 | | | Comcast Corp. - Class A | | | 4,006,746 | |
| | | | | | | | | |
| | | | | Commercial Services: 2.8% | | | | |
| | 56,625 | | | PayPal Holdings, Inc.* | | | 4,300,103 | |
| | | | | | | | | |
| | | | | Computers: 3.3% | | | | |
| | 31,206 | | | Apple Inc. | | | 5,145,869 | |
| | | | | | | | | |
| | | | | Diversified Manufacturing Operations: 6.9% | | | | |
| | 19,044 | | | Danaher Corp. | | | 4,799,850 | |
| | 10,054 | | | Thermo Fisher Scientific Inc. | | | 5,794,824 | |
| | | | | | | | 10,594,674 | |
| | | | | E-Commerce: 2.4% | | | | |
| | 35,014 | | | Amazon.com Inc.* | | | 3,616,596 | |
| | | | | | | | | |
| | | | | Electronic Components - Semiconductor: 11.5% | | | | |
| | 76,711 | | | Amphenol Corporation | | | 6,268,823 | |
| | 139,180 | | | Infineon Technologies AG | | | 5,706,408 | |
| | 20,746 | | | NVIDIA Corp. | | | 5,762,616 | |
| | | | | | | | 17,737,847 | |
| | | | | Enterprise Software/Services: 2.5% | | | | |
| | 10,028 | | | Adobe Inc.* | | | 3,864,490 | |
| | | | | | | | | |
| | | | | Finance - Other Services: 11.0% | | | | |
| | 49,678 | | | Intercontinental Exchange, Inc. | | | 5,180,919 | |
| | 16,498 | | | Mastercard Inc . | | | 5,995,538 | |
| | 25,647 | | | Visa Inc. | | | 5,782,373 | |
| | | | | | | | 16,958,830 | |
| | | | | Internet Content: 3.7% | | | | |
| | 26,661 | | | Meta Platforms Inc. - Class A* | | | 5,650,532 | |
GUINNESS ATKINSON GLOBAL INNOVATORS FUND
Schedule of Investments
at March 31, 2023 (Unaudited)
| | | | | | | |
| Shares | | | Common Stocks: 98.7% | | Value | |
| | | | Machinery - Electric Utility: 3.8% | | | |
| | 172,450 | | | ABB Ltd. | | $ | 5,922,077 | |
| | | | | | | | | |
| | | | | Machinery: 3.7% | | | | |
| | 12,802 | | | Roper Industries, Inc. | | | 5,641,713 | |
| | | | | | | | | |
| | | | | Metal Instrument: 2.3% | | | | |
| | 44,348 | | | Medtronic PLC | | | 3,575,336 | |
| | | | | | | | | |
| | | | | Pharmaceutical: 2.9% | | | | |
| | 64,447 | | | Bristol-Myers Squibb Co | | | 4,466,822 | |
| | | | | | | | | |
| | | | | Power Conversion/Supply Equipment: 3.7% | | | | |
| | 34,475 | | | Schneider Electric SE | | | 5,758,828 | |
| | | | | | | | | |
| | | | | Retail - Apparel: 2.9% | | | | |
| | 305,800 | | | ANTA Sports Products Ltd. | | | 4,432,065 | |
| | | | | | | | | |
| | | | | Semiconductor: 13.5% | | | | |
| | 43,597 | | | Applied Materials Inc. | | | 5,355,020 | |
| | 13,288 | | | KLA-Tencor Corp. | | | 5,304,171 | |
| | 9,886 | | | Lam Research Corp. | | | 5,240,766 | |
| | 51,838 | | | Taiwan Semiconductor - ADR | | | 4,821,971 | |
| | | | | | | | 20,721,928 | |
| | | | | Web Portals: 2.9% | | | | |
| | 42,723 | | | Alphabet Inc. - A Shares* | | | 4,431,657 | |
| | | | | | | | | |
| | | | | Total Common Stocks | | $ | 151,848,547 | |
| | | | | (cost $91,068,181) | | | | |
| | | | | | | | | |
| | | | | Total Investments in Securities | | | 151,848,547 | |
| | | | | (cost $91,068,181): 98.7% | | | | |
| | | | | | | | | |
| | | | | Other Assets less Liabilities: 1.3% | | | 1,995,105 | |
| | | | | | | | | |
| | | | | Net Assets: 100.0% | | $ | 153,843,652 | |
| * | Non-income producing security. |
ADR - American Depository Receipt
GDR - Global Depository Receipt
PLC - Public Limited Company
