GUINNESS ATKINSON GLOBAL INNOVATORS FUND
Schedule of Investments
at September 30, 2023 (Unaudited)
| Shares | | | Common Stocks: 99.1% | | Value | |
| | | | Application Software: 13.8% | | | |
| | 11,844 | | | Intuit Inc. | | $ | 6,051,573 | |
| | 19,967 | | | Microsoft Corp. | | | 6,304,580 | |
| | 27,007 | | | Salesforce Inc.* | | | 5,476,479 | |
| | 59,538 | | | Zoom Video Communications* | | | 4,164,088 | |
| | | | | | | | 21,996,720 | |
| | | | | Athletic Footwear: 2.3% | | | | |
| | 38,964 | | | NIKE Inc. | | | 3,725,738 | |
| | | | | | | | | |
| | | | | Cable/Satellite TV: 2.9% | | | | |
| | 103,234 | | | Comcast Corp. - Class A | | | 4,577,395 | |
| | | | | | | | | |
| | | | | Commercial Services: 2.7% | | | | |
| | 73,409 | | | PayPal Holdings, Inc.* | | | 4,291,490 | |
| | | | | | | | | |
| | | | | Computers: 3.3% | | | | |
| | 30,481 | | | Apple Inc. | | | 5,218,652 | |
| | | | | | | | | |
| | | | | Diversified Manufacturing Operations: 6.0% | | | | |
| | 18,602 | | | Danaher Corp. | | | 4,615,156 | |
| | 9,821 | | | Thermo Fisher Scientific Inc. | | | 4,971,096 | |
| | | | | | | | 9,586,252 | |
| | | | | E-Commerce: 2.7% | | | | |
| | 34,200 | | | Amazon.com Inc.* | | | 4,347,504 | |
| | | | | | | | | |
| | | | | Electronic Components - Semiconductor: 11.2% | | | | |
| | 74,928 | | | Amphenol Corporation | | | 6,293,203 | |
| | 135,944 | | | Infineon Technologies AG | | | 4,506,766 | |
| | 16,349 | | | NVIDIA Corp. | | | 7,111,652 | |
| | | | | | | | 17,911,621 | |
| | | | | Enterprise Software/Services: 3.1% | | | | |
| | 9,795 | | | Adobe Inc.* | | | 4,994,471 | |
| | | | | | | | | |
| | | | | Finance - Other Services: 11.0% | | | | |
| | 48,523 | | | Intercontinental Exchange, Inc. | | | 5,338,500 | |
| | 16,115 | | | Mastercard Inc . | | | 6,380,090 | |
| | 25,051 | | | Visa Inc. | | | 5,761,981 | |
| | | | | | | | 17,480,571 | |
| | | | | Internet Content: 3.5% | | | | |
| | 18,631 | | | Meta Platforms Inc. - Class A* | | | 5,593,213 | |
GUINNESS ATKINSON GLOBAL INNOVATORS FUND
Schedule of Investments
at September 30, 2023 (Unaudited)
| Shares | | | Common Stocks: 99.1% | | Value | |
| | | | Machinery - Electric Utility: 3.8% | | | |
| | 168,440 | | | ABB Ltd. | | | 6,035,759 | |
| | | | | | | | | |
| | | | | Machinery: 3.8% | | | | |
| | 12,505 | | | Roper Industries, Inc. | | | 6,055,921 | |
| | | | | | | | | |
| | | | | Metal Instrument: 2.1% | | | | |
| | 43,317 | | | Medtronic PLC | | | 3,394,320 | |
| | | | | | | | | |
| | | | | Pharmaceutical: 2.4% | | | | |
| | 41,822 | | | Novo Nordisk A/S | | | 3,817,306 | |
| | | | | | | | | |
| | | | | Power Conversion/Supply Equipment: 3.5% | | | | |
| | 33,674 | | | Schneider Electric SE | | | 5,589,040 | |
| | | | | | | | | |
| | | | | Retail - Apparel: 3.6% | | | | |
| | 514,000 | | | ANTA Sports Products Ltd. | | | 5,786,048 | |
| | | | | | | | | |
| | | | | Semiconductor: 14.0% | | | | |
| | 42,584 | | | Applied Materials Inc. | | | 5,895,755 | |
| | 12,979 | | | KLA-Tencor Corp. | | | 5,952,948 | |
| | 9,657 | | | Lam Research Corp. | | | 6,052,718 | |
| | 50,633 | | | Taiwan Semiconductor - ADR | | | 4,400,008 | |
| | | | | | | | 22,301,429 | |
| | | | | Web Portals: 3.4% | | | | |
| | 41,730 | | | Alphabet Inc. - A Shares* | | | 5,460,788 | |
| | | | | | | | | |
| | | | | Total Common Stocks | | $ | 158,164,238 | |
| | | | | (cost $91,985,798) | | | | |
| | | | | | | | | |
| | | | | Total Investments in Securities | | | 158,164,238 | |
| | | | | (cost $91,985,798): 99.1% | | | | |
| | | | | | | | | |
| | | | | Other Assets less Liabilities: 0.9% | | | 1,383,985 | |
| | | | | | | | | |
| | | | | Net Assets: 100.0% | | $ | 159,548,223 | |
| * | Non-income producing security. |
ADR - American Depository Receipt
PLC - Public Limited Company
