Guinness Atkinson Asia Focus Fund (IASMX) NPORT-P Guinness Atkinson Alternative Energy Fund (Sep 2023 report)

GUINNESS ATKINSON ALTERNATIVE ENERGY FUND

Schedule of Investments

at September 30, 2023 (Unaudited)

Shares		Common Stocks: 97.8%	Value
		Electrification: 30.4%
	12,075	APTIV PLC*	$	1,190,474
	15,927	Gentherm Inc.*		864,199
	34,332	Infineon Technologies AG		1,138,162
	41,084	Johnson Matthey PLC		816,128
	2,627	LG Chem Ltd.		964,381
	15,680	ON Semiconductor Corp.*		1,457,456
	2,634	Samsung SDI Co., Ltd.		997,137
	28,090	Sensata Technologies Holding		1,062,364
				8,490,301
		Energy Efficiency: 15.9%
	16,054	Ameresco*		619,042
	4,233	Hubbell Inc.		1,326,665
	2,731	Installed Building Products Inc.		341,075
	118,676	Nibe Industrier AB - B Shares		779,927
	6,809	Trane Technologies PLC		1,381,614
				4,448,323
		Renewable Energy Generation: 18.6%
	587,000	China Longyuan Power Group Corp. - H Shares		511,233
	1,106,000	China Suntien Green Energy Corp. Ltd. - H Shares		382,755
	113,911	Iberdrola SA		1,276,042
	17,832	Nextera Energy Inc.		1,021,595
	13,766	Ormat Technologies Inc.		962,519
	13,134	Orsted AS		716,975
	31,448	Sunnova Energy International Inc.*		329,261
				5,200,380
		Renewable Equipment Manufacturing: 32.9%
	30,455	Canadian Solar Inc.*		749,498
	6,957	Eaton Corp PLC		1,483,789
	3,842	Enphase Energy Inc.*		461,616
	6,365	First Solar Inc.*		1,028,520
	16,236	Itron Inc.*		983,577
	13,458	Legrand SA		1,242,204
	7,807	Schneider Electric SE		1,295,766
	2,782	Solaredge Technologies Inc.*		360,297
	12,874	TPI Composites Inc.*		34,116
	45,572	Vestas Wind Systems A/S		979,076
	762,200	Xinyi Solar Holdings Ltd.		570,379
				9,188,838
		Total Common Stocks	$	27,327,842
		(cost $31,266,940)

GUINNESS ATKINSON ALTERNATIVE ENERGY FUND

Schedule of Investments

at September 30, 2023 (Unaudited)

Shares	Common Stocks: 97.8%	Value
	Total Investments in Securities	27,327,842
	(cost $31,266,940): 97.8%
	Other Assets less Liabilities:  2.2%		624,888
	Net Assets: 100.0%	$	27,952,730

* Non-income producing security.

PLC - Public Limited Company