GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at March 31, 2024 (Unaudited)
Shares | Common Stocks: 99.1% | Value | ||||||
Australia: 6.6% | ||||||||
28,819 | Corporate Travel Management Ltd. | $ | 319,046 | |||||
19,149 | Sonic Healthcare Ltd. | 366,963 | ||||||
686,009 | ||||||||
China: 51.8% | ||||||||
8,900 | Alibaba Group Holding Ltd. | 79,881 | ||||||
1,700 | Alibaba Group Holding Ltd. - ADR | 123,012 | ||||||
16,900 | Autohome Inc. - ADR | 443,118 | ||||||
3,400 | Baidu Inc. - ADR* | 357,952 | ||||||
293,000 | China Medical System Holdings Ltd. | 307,714 | ||||||
66,500 | China Merchants Bank Co., Ltd. - H Shares | 262,960 | ||||||
205,000 | Geely Automobile Holdings Ltd. | 242,010 | ||||||
100,700 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 385,620 | ||||||
380 | JD.com In. - CL A | 5,239 | ||||||
9,000 | JD.com Inc. - ADR | 246,510 | ||||||
800 | Meituan - Class B* | 9,894 | ||||||
148,809 | NARI Technology Co., Ltd. - A Shares | 494,032 | ||||||
5,200 | NetEase Inc. - ADR | 538,044 | ||||||
49,000 | Ping An Insurance Group Company of China Ltd. - H Shares | 206,907 | ||||||
114,600 | Sany Heavy Industry Co., Ltd. - A Shares | 228,024 | ||||||
44,300 | Shenzhou International | 419,401 | ||||||
417,000 | Sino Biopharmaceutical Ltd. | 160,898 | ||||||
8,000 | Tencent Holdings Ltd. | 310,517 | ||||||
108,400 | Venustech Group Inc. - A Shares | 310,919 | ||||||
71,960 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 235,829 | ||||||
5,368,481 | ||||||||
Singapore: 4.5% | ||||||||
17,562 | DBS Group Holdings Ltd. | 468,624 | ||||||
South Korea: 8.6% | ||||||||
65,683 | Hanon Systems | 291,016 | ||||||
10,050 | Samsung Electronics Co., Ltd. | 601,645 | ||||||
892,661 | ||||||||
Taiwan: 15.0% | ||||||||
41,000 | Elite Material Co., Ltd. | 516,311 | ||||||
4,800 | Largan Precision Co., Ltd. | 364,477 | ||||||
2 | Shin Zu Shing Co., Ltd. | 11 | ||||||
28,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 672,833 | ||||||
1,553,632 |
GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at March 31, 2024 (Unaudited)
Shares | Common Stocks: 99.1% | Value | ||||||
United States: 12.6% | ||||||||
3,190 | Applied Materials Inc. | $ | 657,874 | |||||
490 | Broadcom Inc. | 649,451 | ||||||
1,307,325 | ||||||||
Total Common Stocks | 10,276,732 | |||||||
(cost $8,498,796) | ||||||||
Total Investments in Securities | 10,276,732 | |||||||
(cost $8,498,796): 99.1% | ||||||||
Other Assets less Liabilities: 0.9% | 90,444 | |||||||
Net Assets: 100.0% | $ | 10,367,176 |
* | Non-income producing security. |
ADR - American Depository Receipt