GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at September 30, 2023 (Unaudited)
| Shares | | | Common Stocks: 97.5% | | Value | |
| | | | Energy - Alternate Sources: 0.3% | | | |
| | 662 | | | Maxeon Solar Technologies Ltd. | | $ | 7,673 | |
| | 4,406 | | | SunPower Corp.* | | | 27,185 | |
| | | | | | | | 34,858 | |
| | | | | Oil & Gas - Exploration & Production: 22.0% | | | | |
| | 7,197 | | | Canadian Natural Resources Ltd. | | | 465,475 | |
| | 4,849 | | | ConocoPhillips | | | 580,910 | |
| | 96,847 | | | Deltic Energy PLC | | | 29,543 | |
| | 7,215 | | | Devon Energy Corp. | | | 344,156 | |
| | 3,139 | | | Diamondback Energy Inc. | | | 486,168 | |
| | 44,822 | | | Diversified Energy Co., PLC | | | 44,109 | |
| | 239,088 | | | EnQuest PLC* | | | 44,373 | |
| | 3,593 | | | EOG Resources Inc. | | | 455,449 | |
| | 137,690 | | | Pharos Energy PLC | | | 38,306 | |
| | 1,886 | | | Pioneer Natural Resources Company | | | 432,931 | |
| | 5,221,570 | | | Reabold Resources PLC* | | | 6,053 | |
| | | | | | | | 2,927,473 | |
| | | | | Oil & Gas - Field Services: 10.7% | | | | |
| | 6,448 | | | Baker Hughes Company | | | 227,743 | |
| | 12,069 | | | Halliburton Company | | | 488,795 | |
| | 16,154 | | | Helix Energy Solutions Group, Inc.* | | | 180,440 | |
| | 9,034 | | | Schlumberger Ltd. | | | 526,682 | |
| | | | | | | | 1,423,660 | |
| | | | | Oil & Gas - Integrated: 54.2% | | | | |
| | 99,102 | | | BP PLC | | | 642,592 | |
| | 23,131 | | | Cenovus Energy Inc. | | | 481,644 | |
| | 3,822 | | | Chevron Corp. | | | 644,466 | |
| | 24,303 | | | Eni SpA | | | 392,011 | |
| | 13,651 | | | Equinor ASA | | | 448,196 | |
| | 6,421 | | | Exxon Mobil Corp. | | | 754,981 | |
| | 29,186 | | | Galp Energia Sgps Sa | | | 433,251 | |
| | 8,181 | | | Imperial Oil Ltd. | | | 503,937 | |
| | 7,823 | | | OMV AG | | | 374,853 | |
| | 344,000 | | | PetroChina Co., Ltd. - H Shares | | | 259,183 | |
| | 29,837 | | | Repsol SA | | | 491,181 | |
| | 19,739 | | | Shell PLC | | | 636,641 | |
| | 12,691 | | | Suncor Energy, Inc. | | | 436,474 | |
| | 10,735 | | | Total Energies SE | | | 707,226 | |
| | | | | | | | 7,206,636 | |
| | | | | Oil & Gas - Pipelines and Transportation: 4.0% | | | | |
| | 7,942 | | | Enbridge Inc. | | | 263,595 | |
| | 15,773 | | | Kinder Morgan Inc. | | | 261,516 | |
| | | | | | | | 525,111 | |
GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at September 30, 2023 (Unaudited)
| Shares | | | Common Stocks: 97.5% | | Value | |
| | | | Oil Refining & Marketing: 6.3% | | | |
| | 346,000 | | | China Petroleum & Chemical | | $ | 189,111 | |
| | 4,613 | | | Valero Energy, Corp. | | | 653,708 | |
| | | | | | | | 842,819 | |
| | | | | | | | | |
| | | | | Total Common Stocks | | $ | 12,960,557 | |
| | | | | (cost $13,677,063) | | | | |
| | | | | | | | | |
| | | | | Total Investments in Securities | | | 12,960,557 | |
| | | | | (cost $13,677,063): 97.5% | | | | |
| | | | | | | | | |
| | | | | Other Assets less Liabilities: 2.5% | | | 339,421 | |
| | | | | | | | | |
| | | | | Net Assets: 100.0% | | $ | 13,299,978 | |
| * | Non-income producing security. |
PLC - Public Limited Company
