GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at September 30, 2023 (Unaudited)
Shares | Common Stocks: 99.3% | Value | ||||||
Australia: 6.3% | ||||||||
28,819 | Corporate Travel Management Ltd. | $ | 312,192 | |||||
19,149 | Sonic Healthcare Ltd. | 366,865 | ||||||
679,057 | ||||||||
China: 55.3% | ||||||||
8,900 | Alibaba Group Holding Ltd.* | 97,288 | ||||||
1,700 | Alibaba Group Holding Ltd. - ADR* | 147,458 | ||||||
16,900 | Autohome Inc. - ADR | 512,915 | ||||||
3,400 | Baidu Inc.* | 456,790 | ||||||
293,000 | China Medical System Holdings Ltd. | 443,761 | ||||||
66,500 | China Merchants Bank Co., Ltd. - H Shares | 277,693 | ||||||
205,000 | Geely Automobile Holdings Ltd. | 241,893 | ||||||
100,700 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 366,104 | ||||||
380 | JD.com In. - CL A | 5,585 | ||||||
9,000 | JD.com Inc. - ADR | 262,170 | ||||||
800 | Meituan - Class B | 11,707 | ||||||
148,809 | NARI Technology Co., Ltd. - A Shares | 452,506 | ||||||
5,200 | NetEase Inc. - ADR | 520,832 | ||||||
49,000 | Ping An Insurance Group Company of China Ltd. - H Shares | 280,644 | ||||||
114,600 | Sany Heavy Industry Co., Ltd. - A Shares | 249,544 | ||||||
44,300 | Shenzhou International | 424,289 | ||||||
659,000 | Sino Biopharmaceutical Ltd. | 238,160 | ||||||
8,000 | Tencent Holdings Ltd. | 312,818 | ||||||
108,400 | Venustech Group Inc. - A Shares | 419,500 | ||||||
71,960 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 268,421 | ||||||
5,990,078 | ||||||||
Singapore: 4.5% | ||||||||
19,962 | DBS Group Holdings Ltd. | 491,220 | ||||||
South Korea: 10.2% | ||||||||
38,530 | Hanon Systems | 268,361 | ||||||
980 | LG Household & Health Care Ltd. | 323,531 | ||||||
10,050 | Samsung Electronics Co., Ltd. | 508,266 | ||||||
1,100,158 | ||||||||
Taiwan: 13.4% | ||||||||
51,000 | Elite Material Co., Ltd. | 676,648 | ||||||
4,800 | Largan Precision Co., Ltd. | 317,679 | ||||||
2 | Shin Zu Shing Co., Ltd. | 5 | ||||||
28,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 453,951 | ||||||
1,448,283 |
GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at September 30, 2023 (Unaudited)
Shares | Common Stocks: 99.3% | Value | ||||||
United States: 9.6% | ||||||||
3,508 | Applied Materials Inc. | $ | 485,683 | |||||
670 | Broadcom Inc. | 556,489 | ||||||
1,042,172 | ||||||||
Total Common Stocks | $ | 10,750,968 | ||||||
(cost $9,164,978) | ||||||||
Total Investments in Securities | 10,750,968 | |||||||
(cost $9,164,978): 99.3% | ||||||||
Other Assets less Liabilities: 0.7% | 75,830 | |||||||
Net Assets: 100.0% | $ | 10,826,798 |
* | Non-income producing security. |
ADR - American Depository Receipt