GUINNESS ATKINSON ALTERNATIVE ENERGY FUND
Schedule of Investments
at March 31, 2024 (Unaudited)
| Shares | Common Stocks: 98.5% | Value | ||||||
| Electrification: 29.2% | ||||||||
| 11,250 | APTIV PLC* | $ | 896,063 | |||||
| 12,584 | Gentherm Inc.* | 724,587 | ||||||
| 22,239 | Infineon Technologies AG | 756,055 | ||||||
| 36,279 | Johnson Matthey PLC | 819,110 | ||||||
| 2,659 | LG Chem Ltd. | 866,830 | ||||||
| 3,280 | NXP Semiconductors NV | 812,686 | ||||||
| 10,308 | ON Semiconductor Corp.* | 758,153 | ||||||
| 2,789 | Samsung SDI Co., Ltd. | 986,699 | ||||||
| 23,950 | Sensata Technologies Holding | 879,923 | ||||||
| 7,500,106 | ||||||||
| Energy Efficiency: 16.8% | ||||||||
| 15,522 | Ameresco* | 374,546 | ||||||
| 2,995 | Hubbell Inc. | 1,243,075 | ||||||
| 3,437 | Installed Building Products Inc. | 889,255 | ||||||
| 114,741 | Nibe Industrier AB - B Shares | 563,298 | ||||||
| 4,142 | Trane Technologies PLC | 1,243,428 | ||||||
| 4,313,602 | ||||||||
| Renewable Energy Generation: 19.1% | ||||||||
| 670,000 | China Longyuan Power Group Corp. - H Shares | 469,097 | ||||||
| 908,000 | China Suntien Green Energy Corp. Ltd. - H Shares | 343,388 | ||||||
| 94,416 | Iberdrola SA | 1,170,780 | ||||||
| 18,577 | Nextera Energy Inc. | 1,187,256 | ||||||
| 12,326 | Ormat Technologies Inc. | 815,858 | ||||||
| 12,699 | Orsted AS | 706,005 | ||||||
| 37,457 | Sunnova Energy International Inc.* | 229,611 | ||||||
| 4,921,995 | ||||||||
| Renewable Equipment Manufacturing: 33.4% | ||||||||
| 29,446 | Canadian Solar Inc.* | 581,853 | ||||||
| 4,000 | Eaton Corp PLC | 1,250,720 | ||||||
| 4,096 | Enphase Energy Inc.* | 495,534 | ||||||
| 5,743 | First Solar Inc.* | 969,418 | ||||||
| 10,109 | Itron Inc.* | 935,285 | ||||||
| 11,013 | Legrand SA | 1,166,880 | ||||||
| 5,265 | Schneider Electric SE | 1,190,732 | ||||||
| 3,091 | Solaredge Technologies Inc.* | 219,399 | ||||||
| 12,448 | TPI Composites Inc.* | 36,224 | ||||||
| 36,754 | Vestas Wind Systems A/S | 1,025,928 | ||||||
| 928,200 | Xinyi Solar Holdings Ltd. | 718,657 | ||||||
| 8,590,630 | ||||||||
GUINNESS ATKINSON ALTERNATIVE ENERGY FUND
Schedule of Investments
at March 31, 2024 (Unaudited)
| Shares | Common Stocks: 98.5% | Value | ||||||
| Total Common Stocks | 25,326,333 | |||||||
| (cost $28,963,789) | ||||||||
| Total Investments in Securities | $ | 25,326,333 | ||||||
| (cost $28,963,789): 98.5% | ||||||||
| Other Assets less Liabilities: 1.5% | 385,308 | |||||||
| Net Assets: 100.0% | $ | 25,711,641 | ||||||
| * | Non-income producing security. |
PLC - Public Limited Company