GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at March 31, 2024 (Unaudited)
| Shares | | | Common Stocks: 98.3% | | Value | |
| | | | | Energy - Alternate Sources: 0.1% | | | | |
| | 662 | | | Maxeon Solar Technologies Ltd.* | | $ | 2,204 | |
| | 4,406 | | | SunPower Corp.* | | | 13,218 | |
| | | | | | | | 15,422 | |
| | | | | Oil & Gas - Exploration & Production: 24.4% | | | | |
| | 6,455 | | | Canadian Natural Resources Ltd. | | | 492,375 | |
| | 4,530 | | | ConocoPhillips | | | 576,578 | |
| | 93,640 | | | Deltic Energy PLC* | | | 39,235 | |
| | 6,953 | | | Devon Energy Corp. | | | 348,902 | |
| | 2,686 | | | Diamondback Energy Inc. | | | 532,285 | |
| | 2,075 | | | Diversified Energy Co PLC | | | 24,826 | |
| | 213,942 | | | EnQuest PLC* | | | 38,071 | |
| | 3,223 | | | EOG Resources Inc. | | | 412,028 | |
| | 127,428 | | | Pharos Energy PLC | | | 33,772 | |
| | 1,815 | | | Pioneer Natural Resources Company | | | 476,437 | |
| | 5,221,570 | | | Reabold Resources PLC* | | | 4,119 | |
| | | | | | | | 2,978,628 | |
| | | | | Oil & Gas - Field Services: 9.5% | | | | |
| | 6,738 | | | Baker Hughes Company | | | 225,723 | |
| | 10,517 | | | Halliburton Company | | | 414,580 | |
| | 10,795 | | | Helix Energy Solutions Group, Inc.* | | | 117,018 | |
| | 7,410 | | | Schlumberger Ltd. | | | 406,142 | |
| | | | | | | | 1,163,463 | |
| | | | | Oil & Gas - Integrated: 53.4% | | | | |
| | 88,874 | | | BP PLC | | | 555,994 | |
| | 20,745 | | | Cenovus Energy Inc. | | | 414,701 | |
| | 3,288 | | | Chevron Corp. | | | 518,649 | |
| | 23,447 | | | Eni SpA | | | 370,498 | |
| | 12,243 | | | Equinor ASA | | | 322,901 | |
| | 5,760 | | | Exxon Mobil Corp. | | | 669,542 | |
| | 26,174 | | | Galp Energia Sgps Sa | | | 432,422 | |
| | 6,832 | | | Imperial Oil Ltd. | | | 471,202 | |
| | 7,017 | | | OMV AG | | | 332,002 | |
| | 312,000 | | | PetroChina Co., Ltd. - H Shares | | | 266,679 | |
| | 26,760 | | | Repsol SA | | | 445,712 | |
| | 18,917 | | | Shell PLC | | | 631,690 | |
| | 12,265 | | | Suncor Energy, Inc. | | | 452,609 | |
| | 9,067 | | | Total Energies SE | | | 620,802 | |
| | | | | | | | 6,505,403 | |
| | | | | Oil & Gas - Pipelines and Transportation: 4.6% | | | | |
| | 8,181 | | | Enbridge Inc. | | | 295,989 | |
| | 14,147 | | | Kinder Morgan Inc. | | | 259,456 | |
| | | | | | | | 555,445 | |
GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at March 31, 2024 (Unaudited)
| Shares | | | Common Stocks: 98.3% | | Value | |
| | | | | Oil Refining & Marketing: 6.3% | | | | |
| | 314,000 | | | China Petroleum & Chemical | | $ | 178,123 | |
| | 3,458 | | | Valero Energy, Corp. | | | 590,246 | |
| | | | | | | | 768,369 | |
| | | | | | | | | |
| | | | | Total Common Stocks | | | 11,986,730 | |
| | | | | (cost $12,583,513) | | | | |
| | | | | | | | | |
| | | | | Total Investments in Securities | | | 11,986,730 | |
| | | | | (cost $12,583,513): 98.3% | | | | |
| | | | | | | | | |
| | | | | Other Assets less Liabilities: 1.7% | | | 203,278 | |
| | | | | | | | | |
| | | | | Net Assets: 100.0% | | $ | 12,190,008 | |
| * | Non-income producing security. |
PLC - Public Limited Company
