GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at September 30, 2024 (Unaudited)
| Shares | Common Stocks: 97.5% | Value | ||||||
| Oil & Gas - Exploration & Production: 19.0% | ||||||||
| 11,543 | Canadian Natural Resources Ltd. | 383,245 | ||||||
| 4,532 | ConocoPhillips | 477,129 | ||||||
| 93,640 | Deltic Energy PLC* | 6,572 | ||||||
| 7,522 | Devon Energy Corp. | 294,261 | ||||||
| 2,159 | Diamondback Energy Inc. | 372,212 | ||||||
| 2,075 | Diversified Energy Co PLC | 23,412 | ||||||
| 213,942 | EnQuest PLC* | 29,573 | ||||||
| 3,064 | EOG Resources Inc. | 376,658 | ||||||
| 127,428 | Pharos Energy PLC | 39,522 | ||||||
| 5,221,570 | Reabold Resources PLC* | 4,363 | ||||||
| 2,006,947 | ||||||||
| Oil & Gas - Field Services: 9.4% | ||||||||
| 6,850 | Baker Hughes Company | 247,627 | ||||||
| 10,311 | Halliburton Company | 299,535 | ||||||
| 10,261 | Helix Energy Solutions Group, Inc.* | 113,897 | ||||||
| 7,973 | Schlumberger Ltd. | 334,467 | ||||||
| 995,526 | ||||||||
| Oil & Gas - Integrated: 56.7% | ||||||||
| 88,370 | BP PLC | 462,744 | ||||||
| 19,719 | Cenovus Energy Inc. | 329,755 | ||||||
| 3,913 | Chevron Corp. | 576,268 | ||||||
| 23,912 | Eni SpA | 364,183 | ||||||
| 13,698 | Equinor ASA | 346,141 | ||||||
| 5,470 | Exxon Mobil Corp. | 641,193 | ||||||
| 20,097 | Galp Energia Sgps Sa | 375,832 | ||||||
| 6,495 | Imperial Oil Ltd. | 456,880 | ||||||
| 6,671 | OMV AG | 284,855 | ||||||
| 298,000 | PetroChina Co., Ltd. - H Shares | 243,048 | ||||||
| 25,436 | Repsol SA | 335,380 | ||||||
| 17,576 | Shell PLC | 578,431 | ||||||
| 11,293 | Suncor Energy, Inc. | 416,772 | ||||||
| 8,828 | Total Energies SE | 574,873 | ||||||
| 5,986,355 | ||||||||
| Oil & Gas - Pipelines and Transportation: 6.6% | ||||||||
| 8,598 | Enbridge Inc. | 349,165 | ||||||
| 15,411 | Kinder Morgan Inc. | 340,429 | ||||||
| 689,594 | ||||||||
GUINNESS ATKINSON GLOBAL ENERGY FUND
Schedule of Investments
at September 30, 2024 (Unaudited)
| Shares | Common Stocks: 97.5% | Value | ||||||
| Oil Refining & Marketing: 5.8% | ||||||||
| 300,000 | China Petroleum & Chemical | $ | 186,790 | |||||
| 3,157 | Valero Energy, Corp. | 426,290 | ||||||
| 613,080 | ||||||||
| Total Common Stocks | 10,291,502 | |||||||
| (cost $11,970,793) | ||||||||
| Total Investments in Securities | 10,291,502 | |||||||
| (cost $11,970,793): 97.51% | ||||||||
| Other Assets less Liabilities: 2.49% | 262,430 | |||||||
| Net Assets: 100.0% | $ | 10,553,932 | ||||||
| * | Non-income producing security. |
PLC - Public Limited Company
