Guinness Atkinson Real Assets Income ETF
Schedule of Investments
at March 31, 2026 (Unaudited)
| Shares | Common Stocks: 99.6% | Value | ||||||
| Airport Development/Maintenance: 2.9% | ||||||||
| 386 | Aena SME SA1 | $ | 11,386 | |||||
| Building - Heavy Construction: 5.7% | ||||||||
| 354 | Cellnex Telecom SA1 | 11,346 | ||||||
| 76 | Vinci SA | 11,275 | ||||||
| 22,621 | ||||||||
| Electric - Distribution: 3.1% | ||||||||
| 718 | National Grid PLC | 12,065 | ||||||
| Electric - Generation: 11.7% | ||||||||
| 994 | Enel SpA | 10,771 | ||||||
| 464 | Engie SA | 14,861 | ||||||
| 8,288 | Greencoat UK Wind PLC/Funds | 10,641 | ||||||
| 3,134 | Meridian Energy Ltd. | 9,959 | ||||||
| 46,232 | ||||||||
| Electric - Integrated: 17.3% | ||||||||
| 3,859 | A2A SpA | 10,830 | ||||||
| 155 | Alliant Energy Corp. | 11,123 | ||||||
| 88 | American Electric Power Co Inc. | 11,535 | ||||||
| 93 | Duke Energy Corp. | 12,177 | ||||||
| 511 | Iberdrola SA | 11,662 | ||||||
| 98 | WEC Energy Group Inc. | 11,346 | ||||||
| 68,673 | ||||||||
| Electric - Transmission: 9.2% | ||||||||
| 320 | Brookfield Infrastructure Partners LP | 11,543 | ||||||
| 88 | Elia Group SA/NV | 13,406 | ||||||
| 1,019 | Terna - Rete Elettrica Nazionale | 11,618 | ||||||
| 36,567 | ||||||||
| Gas - Transportation: 3.1% | ||||||||
| 1,611 | Snam SpA | 12,204 | ||||||
| Investment Companies: 5.3% | ||||||||
| 2,218 | 3i Infrastructure PLC | 9,791 | ||||||
| 1,696 | Infratil Ltd. | 11,354 | ||||||
| 21,145 | ||||||||
| Pipelines: 2.9% | ||||||||
| 213 | Enbridge Inc. | 11,547 | ||||||
| Real Estate Operation/Development: 2.1% | ||||||||
| 508 | CTP NV1 | 8,455 | ||||||
| REITS - Diversified: 13.3% | ||||||||
| 59 | American Tower Corp. | 10,182 | ||||||
| 4,700 | CapitaLand Ascendas REIT | 9,029 | ||||||
| 131 | CapitaLand Ascendas REIT - Rights | 12 | ||||||
| 63 | Digital Realty Trust Inc. | 11,353 | ||||||
| 13 | Equinix Inc. | 12,743 | ||||||
| 56 | SBA Communications Corp. | 9,638 | ||||||
| 52,957 | ||||||||
Guinness Atkinson Real Assets Income ETF
Schedule of Investments
at March 31, 2026 (Unaudited)
| Shares | Common Stocks: 99.6% | Value | ||||||
| REITS - Health Care: 11.5% | ||||||||
| 134 | Aedifica SA | $ | 10,757 | |||||
| 8,733 | Primary Health Properties PLC | 10,501 | ||||||
| 152 | Ventas Inc. | 12,431 | ||||||
| 60 | Welltower Inc. | 11,863 | ||||||
| 45,552 | ||||||||
| REITS - Warehouse/Industrial: 2.9% | ||||||||
| 88 | Prologis Inc. | 11,632 | ||||||
| Transport - Rail: 2.8% | ||||||||
| 46 | Union Pacific Corp. | 11,161 | ||||||
| Water: 5.8% | ||||||||
| 276 | Essential Utilities Inc. | 11,115 | ||||||
| 294 | Severn Trent PLC | 12,024 | ||||||
| 23,139 | ||||||||
| Total Common Stocks (Cost $373,540) | 395,336 | |||||||
| Total Investments in Securities (Cost $373,540): 99.6% | 395,336 | |||||||
| Other Assets in Excess of Liabilities: 0.4% | 1,674 | |||||||
| Total Net Assets - 100.0% | $ | 397,010 | ||||||
PLC - Public Limited Company
| 1 | Securities noted are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. |