GUINNESS ATKINSON ALTERNATIVE ENERGY FUND

Schedule of Investments

at March 31, 2021 (Unaudited)

Shares		Common Stocks: 99.9%	Value
		Electrification: 41.4%
	9,560	APTIV PLC	$	1,318,324
	19,060	Gentherm Inc.*		1,412,537
	20,120	Hella GmbH & Co. KGaA		1,128,252
	31,800	Infineon Technologies AG		1,348,230
	13,460	Itron Inc.*		1,193,229
	33,970	Johnson Matthey PLC		1,410,917
	1,850	LG Chem Ltd.		1,320,567
	38,470	ON Semiconductor Corp.*		1,600,737
	2,300	Samsung SDI Co., Ltd.		1,346,061
	9,810	Schneider Electric SE		1,498,356
	23,800	Sensata Technologies Holding*		1,379,210
	80,000	Tianneng Power International		151,067
				15,107,487
		Energy Efficiency: 11.0%
	25,610	Ameresco PLC*		1,245,414
	7,400	Hubbell Inc.		1,382,986
	44,535	Nibe Industrier AB - B Shares		1,381,025
				4,009,425
		Renewable Energy Generation: 29.3%
	23,220	Albioma SA		1,138,169
	995,000	China Longyuan Power Group Corp. - H Shares		1,351,573
	3,323,000	China Suntien Green Energy Corp. Ltd. - H Shares		1,269,520
	110,960	Iberdrola SA		1,429,338
	19,460	Nextera Energy Inc.		1,471,371
	13,009	Ormat Technologies Inc.		1,021,597
	37,850	Siemens Gamesa Renewable Energy SA		1,464,698
	94,700	TransAlta Renewables Inc.		1,550,075
				10,696,341
		Renewal Equipment Manufacturing: 18.2%
	25,260	Canadian Solar Inc.*		1,253,654
	3,570	Enphase Energy Inc.*		578,911
	14,590	First Solar Inc.*		1,273,707
	2,130	Solaredge Technologies Inc.*		612,247
	14,960	TPI Composites Inc.*		844,193
	5,985	Vestas Wind Systems A/S		1,228,486
	514,200	Xinyi Solar Holdings Ltd.		845,309
				6,636,507

Total Common Stocks	$	36,449,760
(cost $29,327,588)
Total Investments in Securities		36,449,760
(cost $29,327,588): 99.9%
Other Assets less Liabilities:  0.1%		39,675
Net Assets: 100.0%	$	36,489,435

* Non-income producing security.

PLC - Public Limited Company