GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at March 31, 2026
| Shares | Common Stocks: 100.0% | Value | ||||||
| Oil & Gas - Exploration & Production: 18.6% | ||||||||
| 12,483 | Canadian Natural Resources Ltd. | $ | 608,918 | |||||
| 5,126 | ConocoPhillips | 676,632 | ||||||
| 10,185 | Devon Energy Corp. | 512,509 | ||||||
| 2,649 | Diamondback Energy Inc. | 523,946 | ||||||
| 3,581 | EOG Resources Inc. | 517,705 | ||||||
| 2,839,710 | ||||||||
| Oil & Gas - Field Services: 9.1% | ||||||||
| 6,185 | Baker Hughes Company | 377,594 | ||||||
| 11,972 | Halliburton Company | 466,788 | ||||||
| 10,556 | Helix Energy Solutions Group, Inc.* | 104,399 | ||||||
| 8,715 | Schlumberger Ltd. | 447,864 | ||||||
| 1,396,645 | ||||||||
| Oil & Gas - Integrated: 56.2% | ||||||||
| 93,380 | BP PLC | 733,782 | ||||||
| 20,286 | Cenovus Energy Inc. | 538,374 | ||||||
| 3,556 | Chevron Corp. | 735,736 | ||||||
| 19,600 | Eni SpA | 556,306 | ||||||
| 14,726 | Equinor ASA | 620,020 | ||||||
| 4,928 | Exxon Mobil Corp. | 836,085 | ||||||
| 19,283 | Galp Energia Sgps Sa | 461,627 | ||||||
| 4,338 | Imperial Oil Ltd. | 568,182 | ||||||
| 6,681 | OMV AG | 486,984 | ||||||
| 296,000 | PetroChina Co., Ltd. - H Shares | 406,861 | ||||||
| 21,183 | Repsol SA | 594,603 | ||||||
| 14,977 | Shell PLC | 703,065 | ||||||
| 9,055 | Suncor Energy, Inc. | 598,893 | ||||||
| 8,131 | Total Energies SE | 747,788 | ||||||
| 8,588,306 | ||||||||
| Oil & Gas - Pipelines and Transportation: 9.9% | ||||||||
| 6,770 | Enbridge Inc. | 366,528 | ||||||
| 11,872 | Kinder Morgan Inc. | 398,068 | ||||||
| 5,800 | TC Energy Corp. | 363,180 | ||||||
| 5,410 | The Williams Cos. Inc. | 393,740 | ||||||
| 1,521,516 | ||||||||
GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at March 31, 2026
| Shares | Common Stocks: 100.0% | Value | ||||||
| Oil Refining & Marketing: 6.2% | ||||||||
| 292,000 | China Petroleum & Chemical | $ | 167,812 | |||||
| 3,127 | Valero Energy Corp. | 772,619 | ||||||
| 940,431 | ||||||||
| Total Common Stock | 15,286,608 | |||||||
| (cost $11,249,262) | ||||||||
| Total Investments in Securities | 15,286,608 | |||||||
| (cost $11,249,262): 100.0% | ||||||||
| Other Assets in Excess of Liabilities: 0.0% | 5,663 | |||||||
| Net Assets: 100.0% | $ | 15,292,271 | ||||||
| * | Non-income producing security. |
PLC - Public Limited Company