GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at March 31, 2023 (Unaudited)
Shares | Common Stocks: 98.6% | Value | ||||||
Australia: 6.8% | ||||||||
28,819 | Corporate Travel Management Ltd. | $ | 351,695 | |||||
19,149 | Sonic Healthcare Ltd. | 448,532 | ||||||
800,227 | ||||||||
China: 58.9% | ||||||||
8,900 | Alibaba Group Holding Ltd. | 113,010 | ||||||
1,700 | Alibaba Group Holding Ltd. - ADR | 173,706 | ||||||
16,900 | Autohome Inc. - ADR | 565,643 | ||||||
3,400 | Baidu Inc.* -ADR | 513,128 | ||||||
293,000 | China Medical System Holdings Ltd. | 463,156 | ||||||
66,500 | China Merchants Bank Co., Ltd. - H Shares | 339,724 | ||||||
205,000 | Geely Automobile Holdings Ltd. | 263,202 | ||||||
100,700 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 425,867 | ||||||
380 | JD.com In. - CL A | 8,178 | ||||||
9,000 | JD.com Inc. - ADR | 395,010 | ||||||
800 | Meituan - Class B* | 14,593 | ||||||
124,008 | NARI Technology Co., Ltd. - A Shares | 489,909 | ||||||
5,200 | NetEase Inc. - ADR | 459,888 | ||||||
49,000 | Ping An Insurance Group Company of China Ltd. - H Shares | 317,481 | ||||||
114,600 | Sany Heavy Industry Co., Ltd. - A Shares | 284,759 | ||||||
44,300 | Shenzhou International | 462,968 | ||||||
659,000 | Sino Biopharmaceutical Ltd. | 369,182 | ||||||
8,000 | Tencent Holdings Ltd. | 390,375 | ||||||
108,400 | Venustech Group Inc. - A Shares | 525,371 | ||||||
60,160 | Wuxi Lead Intelligent Equipment Co., Ltd. - A Shares | 353,808 | ||||||
6,928,958 | ||||||||
Singapore: 5.0% | ||||||||
23,862 | DBS Group Holdings Ltd. | 593,593 | ||||||
South Korea: 7.7% | ||||||||
38,530 | Hanon Systems | 260,334 | ||||||
330 | LG Household & Health Care Ltd. | 152,510 | ||||||
10,050 | Samsung Electronics Co., Ltd. | 495,527 | ||||||
908,371 | ||||||||
Taiwan: 10.4% | ||||||||
63,000 | Elite Material Co., Ltd. | 378,854 | ||||||
4,800 | Largan Precision Co., Ltd. | 343,703 | ||||||
2 | Shin Zu Shing Co., Ltd. | 6 | ||||||
28,000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 494,941 | ||||||
1,217,504 |
GUINNESS ATKINSON ASIA FOCUS FUND
Schedule of Investments
at March 31, 2023 (Unaudited)
Shares | Common Stocks: 98.6% | Value | ||||||
United States: 9.8% | ||||||||
3,508 | Applied Materials Inc. | $ | 430,888 | |||||
1,120 | Broadcom Inc. | 718,525 | ||||||
1,149,413 | ||||||||
Total Common Stocks | $ | 11,598,066 | ||||||
(cost $9,162,867) | ||||||||
Total Investments in Securities | 11,598,066 | |||||||
(cost $9,162,867): 98.6% | ||||||||
Other Assets less Liabilities: 1.4% | 158,956 | |||||||
Net Assets: 100.0% | $ | 11,757,022 |
* | Non-income producing security. |
ADR - American Depository Receipt