GUINNESS ATKINSON GLOBAL INNOVATORS FUND
Schedule of Investments
at March 31, 2026
| Shares | Common Stocks: 98.1% | Value | ||||||
| Application Software: 9.0% | ||||||||
| 9,348 | Intuit Inc. | $ | 4,041,888 | |||||
| 15,657 | Microsoft Corp. | 5,795,752 | ||||||
| 32,504 | Salesforce Inc. | 6,067,522 | ||||||
| 15,905,162 | ||||||||
| Computers: 3.3% | ||||||||
| 23,043 | Apple Inc. | 5,848,083 | ||||||
| Diversified Manufacturing Operations: 10.3% | ||||||||
| 30,342 | Danaher Corp. | 5,752,843 | ||||||
| 18,169 | Roper Technologies, Inc. | 6,429,282 | ||||||
| 12,343 | Thermo Fisher Scientific Inc. | 6,066,955 | ||||||
| 18,249,080 | ||||||||
| E-Commerce: 3.5% | ||||||||
| 30,164 | Amazon.com Inc.* | 6,282,256 | ||||||
| Electronic Components - Semiconductor: 9.7% | ||||||||
| 42,106 | Amphenol Corp. | 5,320,093 | ||||||
| 19,864 | Broadcom Inc. | 6,148,107 | ||||||
| 33,489 | NVIDIA Corp. | 5,840,482 | ||||||
| 17,308,682 | ||||||||
| Enterprise Software/Services: 2.6% | ||||||||
| 18,709 | Adobe Inc. | 4,547,784 | ||||||
| Finance - Other Services: 14.0% | ||||||||
| 39,137 | Intercontinental Exchange, Inc. | 6,155,467 | ||||||
| 55,527 | London Stock Exchange Group PL | 6,553,675 | ||||||
| 12,270 | Mastercard Inc. | 6,130,828 | ||||||
| 19,959 | Visa Inc. | 6,032,408 | ||||||
| 24,872,378 | ||||||||
| Internet Content: 10.6% | ||||||||
| 9,604 | Meta Platforms Inc. - Class A | 5,494,736 | ||||||
| 75,298 | Netflix Inc.* | 7,239,903 | ||||||
| 96,700 | Tencent Holdings Ltd. | 6,089,858 | ||||||
| 18,824,497 | ||||||||
GUINNESS ATKINSON GLOBAL INNOVATORS FUND
Schedule of Investments
at March 31, 2026
| Shares | Common Stocks: 98.1% | Value | ||||||
| Machinery - Electric Utility: 6.4% | ||||||||
| 69,401 | ABB Ltd. | $ | 5,609,412 | |||||
| 27,172 | AMETEK Inc. | 5,824,590 | ||||||
| 11,434,002 | ||||||||
| Medical Instrument: 6.2% | ||||||||
| 65,190 | Medtronic PLC | 5,648,713 | ||||||
| 126,646 | Siemens Healthineers AG(1) | 5,399,161 | ||||||
| 11,047,874 | ||||||||
| Power Conversion/ Supply Equipment: 3.0% | ||||||||
| 19,679 | Schneider Electric SE | 5,333,975 | ||||||
| Retail - Apparel: 3.2% | ||||||||
| 586,000 | ANTA Sports Products Ltd. | 5,733,818 | ||||||
| Semiconductor: 13.0% | ||||||||
| 16,595 | Applied Materials Inc. | 5,672,005 | ||||||
| 4,134 | KLA-Tencor Corp. | 6,086,943 | ||||||
| 26,038 | Lam Research Corp. | 5,563,279 | ||||||
| 16,781 | Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 5,671,139 | ||||||
| 22,993,366 | ||||||||
| Web Portals: 3.3% | ||||||||
| 20,530 | Alphabet Inc. - A Shares | 5,903,607 | ||||||
| Total Common Stock | 174,284,564 | |||||||
| (cost $102,739,895) | ||||||||
| Total Investments in Securities | 174,284,564 | |||||||
| (cost $102,739,895): 98.1% | ||||||||
| Other Assets in Excess of Liabilities: 1.9% | 3,404,298 | |||||||
| Net Assets: 100.0% | $ | 177,688,862 | ||||||
| * | Non-income producing security. |
ADR - American Depository Receipt
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. |