# EDGAR Filing Document

**Accession Number:** 0000919160
**File Stem:** 0001398344-25-021430
**Filing Date:** 2025-11
**Character Count:** 14842
**Document Hash:** f61f30152a8c5cc45a33911c3776f441
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-021430.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001398344-25-021430

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUINNESS ATKINSON FUNDS
- **CENTRAL INDEX KEY:** 0000919160

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08360
- **FILM NUMBER:** 251536315

**BUSINESS ADDRESS:**
- **STREET 1:** 251 SOUTH LAKE AVE
- **STREET 2:** SUITE 800
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** 626-914-1041

**MAIL ADDRESS:**
- **STREET 1:** 251 SOUTH LAKE AVE
- **STREET 2:** SUITE 800
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INVESTEC FUNDS
- **DATE OF NAME CHANGE:** 20000927

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GUINNESS FLIGHT INVESTMENT FUNDS
- **DATE OF NAME CHANGE:** 19970506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GUINNESS FLIGHT INVESTMENT FUNDS INC
- **DATE OF NAME CHANGE:** 19940217

## Series and Classes Contracts Data

### Guinness Atkinson Alternative Energy Fund (Series ID: S000009156)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000024897 | Guinness Atkinson Alternative Energy Fund | GAAEX           |

## Nport-Ex

**GUINNESS ATKINSON ALTERNATIVE ENERGY FUND**

**Schedule of Investments**

**at September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 98.9%** | **Value** |
|  | **Electrification: 24.4%** |  |
| 7066 | Amphenol Corp. | $874417 |
| 7468 | Aptiv PLC\* | 643891 |
| 14655 | Infineon Technologies AG | 571156 |
| 21690 | Johnson Matthey PLC | 586247 |
| 1903 | LG Chem Ltd. | 376689 |
| 2397 | NXP Semiconductors NV | 545869 |
| 8154 | ON Semiconductor Corp.\* | 402074 |
| 14393 | Sensata Technologies Holding | 439706 |
|  |  | 4440049 |
|  | **Energy Efficiency: 20.5%** |  |
| 12181 | Ameresco\* | 409038 |
| 28108 | Atlas Copco AB | 474363 |
| 1151 | Carlisle Cos Inc. | 378633 |
| 1810 | Hubbell Inc. | 778861 |
| 2279 | Installed Building Products Inc. | 562138 |
| 2704 | Owens Corning | 382508 |
| 1769 | Trane Technologies PLC | 746447 |
|  |  | 3731988 |
|  | **Renewable Energy Generation: 14.8%** |  |
| 470000 | China Longyuan Power Group Corp. - H Shares | 501895 |
| 41754 | Iberdrola SA | 789387 |
| 9728 | Nextera Energy Inc. | 734367 |
| 7071 | Ormat Technologies Inc. | 680584 |
|  |  | 2706233 |
|  | **Renewable Equipment Manufacturing: 39.2%** |  |
| 19672 | Canadian Solar Inc.\* | 256523 |
| 2231 | Eaton Corp PLC | 834952 |
| 3830 | Enphase Energy Inc.\* | 135544 |
| 2778 | First Solar Inc.\* | 612632 |
| 4785 | Itron Inc.\* | 596020 |
| 6022 | Legrand SA | 993933 |
| 8281 | Prysmian SpA | 818319 |
| 2934 | Schneider Electric SE | 818347 |
| 3024 | Siemens AG | 813631 |
| 12182 | Spie SA | 654961 |
| 16626 | Vestas Wind Systems A/S | 313220 |
| 690200 | Xinyi Solar Holdings Ltd. | 305104 |
|  |  | 7153186 |

---

**GUINNESS ATKINSON ALTERNATIVE ENERGY FUND**

**Schedule of Investments**

**at September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 98.9%** | **Value** |
|  | **Total Common Stocks** | 18031456 |
|  | (cost $18,425,915) |  |
|  | **Total Investments in Securities** | $18031456 |
|  | (cost $18,425,915): 98.9% |  |
|  | Other Assets in Excess of Liabilities: 1.1% | 200061 |
|  | **Net Assets: 100.0%** | $**18231517** |

---

*\** *Non-income producing security.*

 *PLC - Public Limited Company*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** GUINNESS ATKINSON FUNDS

- **b. Investment Company Act file number:** 811-08360

- **c. CIK number of Registrant:** 0000919160

- **d. LEI of Registrant:** 54930097560RK2KMX577

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 251 South Lake Ave

  - **City:** Pasadena

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 91101

  - **Telephone number:** 626-914-1041

**Item A.2. Information about the Series.**

- **a. Name of Series:** Guinness Atkinson Alternative Energy Fund

- **b. EDGAR series identifier (if any):** S000009156

- **c. LEI of Series:** 549300CFIW30C5HQIM93

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $18360890.91

**Total Liabilities:** $70886.18

**Net Assets:** $18290004.73

**Cash Not Reported:** $291359.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024897 | 3.83%                | 3.26%                | 3.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $683454.21                                 |
| Month 2  | $0.00                    | $562546.38                                 |
| Month 3  | $27319.68                | $492670.09                                 |

### Schedule of Portfolio Investments

| Name                           | Title        | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERESCO INC-CL A              | COMMON STOCK | CUSIP: 02361E108<br>LEI: N/A | Long             | EC               | CORP              | US        |     12181 | NS      | $409037.98    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP-CL A             | COMMON STOCK | CUSIP: 032095101<br>LEI: N/A | Long             | EC               | CORP              | US        |      7066 | NS      | $874417.50    | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                      | COMMON STOCK | CUSIP: G3265R107<br>LEI: N/A | Long             | EC               | CORP              | JE        |      7468 | NS      | $643890.96    | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB-A SHS /SEK/     | COMMON STOCK | CUSIP: W1R924252<br>LEI: N/A | Long             | EC               | CORP              | SE        |     28108 | NS      | $474362.61    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN SOLAR INC             | COMMON STOCK | CUSIP: 136635109<br>LEI: N/A | Long             | EC               | CORP              | CA        |     19672 | NS      | $256522.88    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COS INC               | COMMON STOCK | CUSIP: 142339100<br>LEI: N/A | Long             | EC               | CORP              | US        |      1151 | NS      | $378632.96    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LONGYUAN POWER GRO /HKD/ | COMMON STOCK | CUSIP: Y1501T101<br>LEI: N/A | Long             | EC               | CORP              | CN        |    470000 | NS      | $501895.42    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC                 | COMMON STOCK | CUSIP: G29183103<br>LEI: N/A | Long             | EC               | CORP              | IE        |      2231 | NS      | $834951.75    | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ENPHASE ENERGY INC             | COMMON STOCK | CUSIP: 29355A107<br>LEI: N/A | Long             | EC               | CORP              | US        |      3830 | NS      | $135543.70    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR INC                | COMMON STOCK | CUSIP: 336433107<br>LEI: N/A | Long             | EC               | CORP              | US        |      2778 | NS      | $612632.34    | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INC                    | COMMON STOCK | CUSIP: 443510607<br>LEI: N/A | Long             | EC               | CORP              | US        |      1810 | NS      | $778861.10    | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA /EUR/             | COMMON STOCK | CUSIP: E6165F166<br>LEI: N/A | Long             | EC               | CORP              | ES        |     41754 | NS      | $789386.90    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INFINEON TECHNOLOGIES AG /EUR/ | COMMON STOCK | CUSIP: D35415104<br>LEI: N/A | Long             | EC               | CORP              | DE        |     14655 | NS      | $571156.35    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS    | COMMON STOCK | CUSIP: 45780R101<br>LEI: N/A | Long             | EC               | CORP              | US        |      2279 | NS      | $562138.14    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ITRON INC                      | COMMON STOCK | CUSIP: 465741106<br>LEI: N/A | Long             | EC               | CORP              | US        |      4785 | NS      | $596019.60    | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON MATTHEY PLC /GBP/      | COMMON STOCK | CUSIP: G51604166<br>LEI: N/A | Long             | EC               | CORP              | GB        |     21690 | NS      | $586247.46    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGRAND SA /EUR/               | COMMON STOCK | CUSIP: F56196185<br>LEI: N/A | Long             | EC               | CORP              | FR        |      6022 | NS      | $993933.14    | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| LG CHEM LTD /KRW/              | COMMON STOCK | CUSIP: Y52758102<br>LEI: N/A | Long             | EC               | CORP              | KR        |      1903 | NS      | $376689.48    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC             | COMMON STOCK | CUSIP: 65339F101<br>LEI: N/A | Long             | EC               | CORP              | US        |      9728 | NS      | $734366.72    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV          | COMMON STOCK | CUSIP: N6596X109<br>LEI: N/A | Long             | EC               | CORP              | NL        |      2397 | NS      | $545868.81    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR               | COMMON STOCK | CUSIP: 682189105<br>LEI: N/A | Long             | EC               | CORP              | US        |      8154 | NS      | $402073.74    | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ORMAT TECHNOLOGIES INC         | COMMON STOCK | CUSIP: 686688102<br>LEI: N/A | Long             | EC               | CORP              | US        |      7071 | NS      | $680583.75    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                  | COMMON STOCK | CUSIP: 690742101<br>LEI: N/A | Long             | EC               | CORP              | US        |      2704 | NS      | $382507.84    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PRYSMIAN SPA /EUR/             | COMMON STOCK | CUSIP: T7630L105<br>LEI: N/A | Long             | EC               | CORP              | IT        |      8281 | NS      | $818319.32    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA /EUR/        | COMMON STOCK | CUSIP: F86921107<br>LEI: N/A | Long             | EC               | CORP              | FR        |      2934 | NS      | $818347.28    | 4.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES HOLDING   | COMMON STOCK | CUSIP: G8060N102<br>LEI: N/A | Long             | EC               | CORP              | GB        |     14393 | NS      | $439706.15    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG-REG /EUR/           | COMMON STOCK | CUSIP: D69671218<br>LEI: N/A | Long             | EC               | CORP              | DE        |      3024 | NS      | $813631.02    | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA /EUR/                  | COMMON STOCK | CUSIP: F8691R101<br>LEI: N/A | Long             | EC               | CORP              | FR        |     12182 | NS      | $654960.60    | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC         | COMMON STOCK | CUSIP: G8994E103<br>LEI: N/A | Long             | EC               | CORP              | IE        |      1769 | NS      | $746447.24    | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S /DKK/  | COMMON STOCK | CUSIP: K9773J201<br>LEI: N/A | Long             | EC               | CORP              | DK        |     16626 | NS      | $313219.61    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| XINYI SOLAR HOLDINGS LTD /HKD/ | COMMON STOCK | CUSIP: G9829N102<br>LEI: N/A | Long             | EC               | CORP              | KY        |    690200 | NS      | $305103.89    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** GUINNESS ATKINSON FUNDS

**Signature:** /s/ Lyna Phan

**Name of Signer:** Lyna Phan

**Title:** Assistant Treasurer