# EDGAR Filing Document

**Accession Number:** 0000919160
**File Stem:** 0001398344-25-021427
**Filing Date:** 2025-11
**Character Count:** 14564
**Document Hash:** c1025250f3a7b62c764632d658998533
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-021427.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001398344-25-021427

**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:** 251536308

**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

### SmartETFs Sustainable Energy II ETF (Series ID: S000069963)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000222800 | SmartETFs Sustainable Energy II ETF | SOLR            |

## Nport-Ex

**SmartETFs Sustainable Energy II ETF** 

**Schedule of Investments** 

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 97%** | **Value** |
|  | **Electrification: 23.7%** |  |
| 1577 | Aptiv PLC\* | $135969 |
| 1533 | Amphenol Corp | 189709 |
| 3165 | Infineon Technologies AG | 123351 |
| 4688 | Johnson Matthey PLC | 126709 |
| 377 | LG Chem Ltd. | 74625 |
| 509 | NXP Semiconductors NV | 115915 |
| 1722 | ON Semiconductor Corporation\* | 84912 |
| 3039 | Sensata Technologies Holding | 92841 |
|  |  | 944031 |
|  | **Energy Efficiency: 20.0%** |  |
| 2528 | Ameresco Inc.\* | 84890 |
| 6058 | Atlas Copco AB | 102237 |
| 247 | Carlisle Cos Inc | 81253 |
| 389 | Hubbell Inc. | 167391 |
| 480 | Installed Building Products Inc | 118397 |
| 565 | Owens Corning | 79925 |
| 390 | Trane Technologies PLC | 164564 |
|  |  | 798657 |
|  | **Renewable Energy Generation: 19.1%** |  |
| 98994 | China Longyuan Power Group Corp Ltd. | 105712 |
| 9017 | Iberdrola SA | 170472 |
| 2106 | Nextera Energy Inc. | 158982 |
| 1534 | Ormat Technologies Inc. | 147648 |
| 1793 | Prysmian SpA | 177182 |
|  |  | 759996 |
|  | **Renewable Equipment Manufacturing: 34.2%** |  |
| 4116 | Canadian Solar Inc.\* | 53673 |
| 481 | Eaton Corp. PLC | 180014 |
| 786 | Enphase Energy Inc.\* | 27817 |
| 589 | First Solar Inc.\* | 129892 |
| 1036 | Itron Inc.\* | 129044 |
| 1310 | Legrand SA | 216216 |
| 637 | Schneider Electric SE | 177671 |
| 652 | Siemens AG | 175426 |
| 2639 | Spie SA | 141885 |
| 3523 | Vestas Wind Systems A/S | 66370 |
| 148000 | Xinyi Solar Holdings Ltd. | 65424 |
|  |  | 1363432 |
|  | **Total Common Stocks (Cost $3,655,768)** | 3866116 |
|  | **Total Investments (Cost $3,655,768): 97.0%** | 3866116 |
|  | Other Assets in Excess of Liabilities: 3.0% | 119977 |
|  | **Total Net Assets - 100.0%** | $**3986093** |

---

\* Non-income producing security.

ADR - American Depository Receipt

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:** SmartETFs Sustainable Energy II ETF

- **b. EDGAR series identifier (if any):** S000069963

- **c. LEI of Series:** 549300MMUL2BU41VMS73

**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:** $4025262.49

**Total Liabilities:** $39597.95

**Net Assets:** $3985664.54

**Cash Not Reported:** $143332.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222800 | 3.83%                | 3.29%                | 3.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $55527.07                | $87660.34                                  |
| Month 2  | $0.00                    | $129486.60                                 |
| Month 3  | $-24.59                  | $123020.07                                 |

### 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        |      2528 | NS      | $84890.24     | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHENOL CORP-CL A             | COMMON STOCK | CUSIP: 032095101<br>LEI: N/A | Long             | EC               | CORP              | US        |      1533 | NS      | $189708.75    | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                      | COMMON STOCK | CUSIP: G3265R107<br>LEI: N/A | Long             | EC               | CORP              | JE        |      1577 | NS      | $135968.94    | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS COPCO AB-A SHS /SEK/     | COMMON STOCK | CUSIP: W1R924252<br>LEI: N/A | Long             | EC               | CORP              | SE        |      6058 | NS      | $102237.40    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN SOLAR INC             | COMMON STOCK | CUSIP: 136635109<br>LEI: N/A | Long             | EC               | CORP              | CA        |      4116 | NS      | $53672.64     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLISLE COS INC               | COMMON STOCK | CUSIP: 142339100<br>LEI: N/A | Long             | EC               | CORP              | US        |       247 | NS      | $81253.12     | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LONGYUAN POWER GRO /HKD/ | COMMON STOCK | CUSIP: Y1501T101<br>LEI: N/A | Long             | EC               | CORP              | CN        |     98994 | NS      | $105711.99    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| EATON CORP PLC                 | COMMON STOCK | CUSIP: G29183103<br>LEI: N/A | Long             | EC               | CORP              | IE        |       481 | NS      | $180014.25    | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ENPHASE ENERGY INC             | COMMON STOCK | CUSIP: 29355A107<br>LEI: N/A | Long             | EC               | CORP              | US        |       786 | NS      | $27816.54     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST SOLAR INC                | COMMON STOCK | CUSIP: 336433107<br>LEI: N/A | Long             | EC               | CORP              | US        |       589 | NS      | $129892.17    | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| HUBBELL INC                    | COMMON STOCK | CUSIP: 443510607<br>LEI: N/A | Long             | EC               | CORP              | US        |       389 | NS      | $167390.59    | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA /EUR/             | COMMON STOCK | CUSIP: E6165F166<br>LEI: N/A | Long             | EC               | CORP              | ES        |      9017 | NS      | $170472.34    | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| INFINEON TECHNOLOGIES AG /EUR/ | COMMON STOCK | CUSIP: D35415104<br>LEI: N/A | Long             | EC               | CORP              | DE        |      3165 | NS      | $123351.06    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS    | COMMON STOCK | CUSIP: 45780R101<br>LEI: N/A | Long             | EC               | CORP              | US        |       480 | NS      | $118396.80    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ITRON INC                      | COMMON STOCK | CUSIP: 465741106<br>LEI: N/A | Long             | EC               | CORP              | US        |      1036 | NS      | $129044.16    | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON MATTHEY PLC /GBP/      | COMMON STOCK | CUSIP: G51604166<br>LEI: N/A | Long             | EC               | CORP              | GB        |      4688 | NS      | $126709.46    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LEGRAND SA /EUR/               | COMMON STOCK | CUSIP: F56196185<br>LEI: N/A | Long             | EC               | CORP              | FR        |      1310 | NS      | $216215.94    | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LG CHEM LTD /KRW/              | COMMON STOCK | CUSIP: Y52758102<br>LEI: N/A | Long             | EC               | CORP              | KR        |       377 | NS      | $74625.29     | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC             | COMMON STOCK | CUSIP: 65339F101<br>LEI: N/A | Long             | EC               | CORP              | US        |      2106 | NS      | $158981.94    | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP SEMICONDUCTORS NV          | COMMON STOCK | CUSIP: N6596X109<br>LEI: N/A | Long             | EC               | CORP              | NL        |       509 | NS      | $115914.57    | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR               | COMMON STOCK | CUSIP: 682189105<br>LEI: N/A | Long             | EC               | CORP              | US        |      1722 | NS      | $84911.82     | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ORMAT TECHNOLOGIES INC         | COMMON STOCK | CUSIP: 686688102<br>LEI: N/A | Long             | EC               | CORP              | US        |      1534 | NS      | $147647.50    | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS CORNING                  | COMMON STOCK | CUSIP: 690742101<br>LEI: N/A | Long             | EC               | CORP              | US        |       565 | NS      | $79924.90     | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PRYSMIAN SPA /EUR/             | COMMON STOCK | CUSIP: T7630L105<br>LEI: N/A | Long             | EC               | CORP              | IT        |      1793 | NS      | $177182.29    | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHNEIDER ELEC SA /EUR/        | COMMON STOCK | CUSIP: F86921107<br>LEI: N/A | Long             | EC               | CORP              | FR        |       637 | NS      | $177671.17    | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SENSATA TECHNOLOGIES HOLDING   | COMMON STOCK | CUSIP: G8060N102<br>LEI: N/A | Long             | EC               | CORP              | GB        |      3039 | NS      | $92841.45     | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS AG-REG /EUR/           | COMMON STOCK | CUSIP: D69671218<br>LEI: N/A | Long             | EC               | CORP              | DE        |       652 | NS      | $175425.74    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA /EUR/                  | COMMON STOCK | CUSIP: F8691R101<br>LEI: N/A | Long             | EC               | CORP              | FR        |      2639 | NS      | $141884.83    | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC         | COMMON STOCK | CUSIP: G8994E103<br>LEI: N/A | Long             | EC               | CORP              | IE        |       390 | NS      | $164564.40    | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VESTAS WIND SYSTEMS A/S /DKK/  | COMMON STOCK | CUSIP: K9773J201<br>LEI: N/A | Long             | EC               | CORP              | DK        |      3523 | NS      | $66370.30     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| XINYI SOLAR HOLDINGS LTD /HKD/ | COMMON STOCK | CUSIP: G9829N102<br>LEI: N/A | Long             | EC               | CORP              | KY        |    148000 | NS      | $65423.61     | 1.64%             |  |  |  | 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