# EDGAR Filing Document

**Accession Number:** 0000919160
**File Stem:** 0001398344-25-021429
**Filing Date:** 2025-11
**Character Count:** 17863
**Document Hash:** 9a151fa4903375025a45957e5f2c1736
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-021429.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001398344-25-021429

**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:** 251536310

**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 Asia Pacific Dividend Builder ETF (Series ID: S000069134)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000220961 | SmartETFs Asia Pacific Dividend Builder ETF | ADIV            |

## Nport-Ex

**SmartETFs Asia Pacific Dividend Builder ETF** 

**Schedule of Investments** 

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 97.2%** | **Value** |
| | **Australia: 10.0%** | |
| 42751 | Corporate Travel Management Ltd. | $386331 |
| 7435 | JB Hi-Fi Ltd. | 570560 |
| 216623 | Metcash Ltd. | 544566 |
| 27911 | Sonic Healthcare Ltd. | 395879 |
|  |  | 1897336 |
|  | **China: 32.9%** |  |
| 598000 | China Construction Bank Corp. - H Shares | 574801 |
| 342000 | China Medical System Holdings | 614835 |
| 79500 | China Merchants Bank Co., Ltd. - H Shares | 477701 |
| 258500 | China Overseas Land & Investment Ltd. | 477012 |
| 206700 | China Resources Gas Group Ltd. | 526983 |
| 764000 | Industrial and Commercial Bank of China Ltd. - H Shares | 563533 |
| 122300 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 468045 |
| 3811 | NetEase Inc. - ADR | 579234 |
| 86500 | Ping An Insurance Group Company of China Ltd. - H Shares | 589679 |
| 71600 | Shenzhou International | 567232 |
| 225100 | Suofeiya Home Collection - A Shares | 400416 |
| 59694 | Zhejiang Supor Cookware - A Shares | 399872 |
|  |  | 6239343 |
|  | **Hong Kong: 5.7%** |  |
| 129500 | BOC Hong Kong Holdings Ltd. | 608069 |
| 93277 | Link REIT/The | 479456 |
|  |  | 1087525 |
|  | **India: 2.1%** |  |
| 24830 | Tech Mahindra Ltd. | 391367 |
|  | **Indonesia: 2.2%** |  |
| 1807000 | Bank Rakyat Indonesia Persero | 422880 |
|  | **Malaysia: 2.5%** |  |
| 452200 | Public Bank Bhd | 465255 |
|  | **Singapore: 8.4%** |  |
| 246454 | Capland Ascendas - REIT | 533070 |
| 295800 | CapitaLand Integrated Commercial Trust - REIT | 525143 |
| 13505 | DBS Group Holdings Ltd. | 535530 |
|  |  | 1593743 |
|  | **South Korea: 2.8%** |  |
| 67200 | Korean Reinsurance Co | 521550 |
|  | **Taiwan: 20.3%** |  |
| 70800 | Catcher Technology Co., Ltd. | 424272 |
| 13200 | Elite Material Co., Ltd. | 530956 |
| 96517 | Hon Hai Precision Industry Co., Ltd. | 684551 |
| 6365 | Largan Precision Co., Ltd. | 491151 |
| 40000 | Nien Made Enterprise Co., Ltd. | 557553 |
| 29600 | Novatek Microelectronics Corp. | 414533 |
| 2667 | Taiwan Semiconductor Manufacturing Co., Ltd. | 744867 |
|  |  | 3847883 |

---

**SmartETFs Asia Pacific Dividend Builder ETF** 

**Schedule of Investments** 

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 97.2%** | **Value** |
| | **Thailand: 2.5%** | |
| 148000 | Tisco Financial Group PCL/Foreign | 465280 |
|  | **United States: 7.8%** |  |
| 4317 | Aflac Inc. | 482209 |
| 1440 | Broadcom Inc. | 475071 |
| 3180 | QUALCOMM Inc. | 529025 |
|  |  | 1486305 |
|  | **Total Common Stocks (Cost $16,239,565)** | 18418467 |
|  | **Total Investments (Cost $16,239,565): 97.2%** | 18418467 |
|  | Other Assets in Excess of Liabilities: 2.8% | 540581 |
|  | **Total Net Assets - 100.0%** | $**18959048** |

---

\* 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 Asia Pacific Dividend Builder ETF

- **b. EDGAR series identifier (if any):** S000069134

- **c. LEI of Series:** 5493006E0KSEBGDM0P72

**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:** $18250853.47

**Total Liabilities:** $189326.54

**Net Assets:** $18061526.93

**Cash Not Reported:** $626974.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000220961 | 1.01%                | 1.30%                | 1.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $43341.10                | $36375.31                                  |
| Month 2  | $4057.06                 | $116094.73                                 |
| Month 3  | $1396.48                 | $47628.80                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AFLAC INC                      | COMMON STOCK                        | CUSIP: 001055102<br>LEI: N/A | Long             | EC               | CORP              | US        |      4113 | NS      | $459422.10    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK RAKYAT INDONESIA PE /IDR/ | COMMON STOCK                        | CUSIP: Y0697U112<br>LEI: N/A | Long             | EC               | CORP              | ID        |   1721600 | NS      | $402894.69    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BOC HONG KONG HOLDINGS L /HKD/ | COMMON STOCK                        | CUSIP: Y0920U103<br>LEI: N/A | Long             | EC               | CORP              | HK        |    123500 | NS      | $579895.66    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                   | COMMON STOCK                        | CUSIP: 11135F101<br>LEI: N/A | Long             | EC               | CORP              | US        |      1372 | NS      | $452636.52    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND ASCENDAS REIT /SGD/ | REIT - Real Estate Investment Trust | CUSIP: Y0205X103<br>LEI: N/A | Long             | EC               | CORP              | SG        |    234854 | NS      | $507979.42    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND INTEGRATED CO /SGD/ | REIT - Real Estate Investment Trust | CUSIP: Y0259J109<br>LEI: N/A | Long             | EC               | CORP              | SG        |    281800 | NS      | $500288.39    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CATCHER TECHNOLOGY CO LT /TWD/ | COMMON STOCK                        | CUSIP: Y1148A101<br>LEI: N/A | Long             | EC               | CORP              | TW        |     67400 | NS      | $403897.62    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK- /HKD/ | COMMON STOCK                        | CUSIP: Y1397N101<br>LEI: N/A | Long             | EC               | CORP              | CN        |    570000 | NS      | $547886.76    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MEDICAL SYSTEM HOL /HKD/ | COMMON STOCK                        | CUSIP: G21108124<br>LEI: N/A | Long             | EC               | CORP              | KY        |    326000 | NS      | $586070.24    | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MERCHANTS BANK-H /HKD/   | COMMON STOCK                        | CUSIP: Y14896115<br>LEI: N/A | Long             | EC               | CORP              | CN        |     75500 | NS      | $453665.56    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS LAND & IN /HKD/ | COMMON STOCK                        | CUSIP: Y15004107<br>LEI: N/A | Long             | EC               | CORP              | HK        |    246500 | NS      | $454868.35    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA RESOURCES GAS GROU /HKD/ | COMMON STOCK                        | CUSIP: G2113B108<br>LEI: N/A | Long             | EC               | CORP              | BM        |    196900 | NS      | $501997.71    | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CORPORATE TRAVEL MANAGEM /AUD/ | COMMON STOCK                        | CUSIP: Q2909K105<br>LEI: N/A | Long             | EC               | CORP              | AU        |     42751 | NS      | $386331.06    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS GROUP HOLDINGS LTD /SGD/   | COMMON STOCK                        | CUSIP: Y20246107<br>LEI: N/A | Long             | EC               | CORP              | SG        |     12905 | NS      | $511737.93    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ELITE MATERIAL CO LTD /TWD/    | COMMON STOCK                        | CUSIP: Y2290G102<br>LEI: N/A | Long             | EC               | CORP              | TW        |     12600 | NS      | $506821.65    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| HON HAI PRECISION INDUST /TWD/ | COMMON STOCK                        | CUSIP: Y36861105<br>LEI: N/A | Long             | EC               | CORP              | TW        |     91917 | NS      | $651925.73    | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| IND & COMM BK OF CHINA-H /HKD/ | COMMON STOCK                        | CUSIP: Y3990B112<br>LEI: N/A | Long             | EC               | CORP              | CN        |    728000 | NS      | $536979.40    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| INNER MONGOLIA YILI INDU /CNY/ | COMMON STOCK                        | CUSIP: Y40847108<br>LEI: N/A | Long             | EC               | CORP              | CN        |    116500 | NS      | $445848.56    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| JB HI-FI LTD /AUD/             | COMMON STOCK                        | CUSIP: Q5029L101<br>LEI: N/A | Long             | EC               | CORP              | AU        |      7083 | NS      | $543547.98    | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KOREAN REINSURANCE CO /KRW/    | COMMON STOCK                        | CUSIP: Y49391108<br>LEI: N/A | Long             | EC               | CORP              | KR        |     64022 | NS      | $496884.71    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGAN PRECISION CO LTD /TWD/  | COMMON STOCK                        | CUSIP: Y52144105<br>LEI: N/A | Long             | EC               | CORP              | TW        |      6065 | NS      | $468001.44    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LINK REIT /HKD/                | REIT - Real Estate Investment Trust | CUSIP: Y5281M111<br>LEI: N/A | Long             | EC               | CORP              | HK        |     88877 | NS      | $456839.59    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| METCASH LTD /AUD/              | COMMON STOCK                        | CUSIP: Q6014C106<br>LEI: N/A | Long             | EC               | CORP              | AU        |    206379 | NS      | $518814.08    | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE INC-ADR                | COMMON STOCK                        | CUSIP: 64110W102<br>LEI: N/A | Long             | EC               | CORP              | KY        |      3631 | NS      | $551875.69    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NIEN MADE ENTERPRISE CO  /TWD/ | COMMON STOCK                        | CUSIP: Y6349P112<br>LEI: N/A | Long             | EC               | CORP              | TW        |     38000 | NS      | $529675.42    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVATEK MICROELECTRONICS /TWD/ | COMMON STOCK                        | CUSIP: Y64153102<br>LEI: N/A | Long             | EC               | CORP              | TW        |     28200 | NS      | $394926.86    | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE GROUP  /HKD/ | COMMON STOCK                        | CUSIP: Y69790106<br>LEI: N/A | Long             | EC               | CORP              | CN        |     82500 | NS      | $562410.85    | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC BANK BERHAD /MYR/       | COMMON STOCK                        | CUSIP: Y71497104<br>LEI: N/A | Long             | EC               | CORP              | MY        |    430800 | NS      | $443237.26    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                   | COMMON STOCK                        | CUSIP: 747525103<br>LEI: N/A | Long             | EC               | CORP              | US        |      3030 | NS      | $504070.80    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHOU INTERNATIONAL G /HKD/ | COMMON STOCK                        | CUSIP: G8087W101<br>LEI: N/A | Long             | EC               | CORP              | KY        |     68200 | NS      | $540296.07    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SONIC HEALTHCARE LTD /AUD/     | COMMON STOCK                        | CUSIP: Q8563C107<br>LEI: N/A | Long             | EC               | CORP              | AU        |     26591 | NS      | $377156.94    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SUOFEIYA HOME COLLECTION /CNH/ | COMMON STOCK                        | CUSIP: Y29336107<br>LEI: N/A | Long             | EC               | CORP              | CN        |    214500 | NS      | $381560.69    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR-SP ADR    | COMMON STOCK                        | CUSIP: 874039100<br>LEI: N/A | Long             | EC               | CORP              | TW        |      2541 | NS      | $709675.89    | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TECH MAHINDRA LTD /INR/        | COMMON STOCK                        | CUSIP: Y85491127<br>LEI: N/A | Long             | EC               | CORP              | IN        |     23656 | NS      | $372862.72    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TISCO FINANCIAL-FOREIGN /THB/  | COMMON STOCK                        | CUSIP: Y8843E171<br>LEI: N/A | Long             | EC               | CORP              | TH        |    141000 | NS      | $443273.23    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEJIANG SUPOR COOKWARE /CNH/  | COMMON STOCK                        | CUSIP: Y98925103<br>LEI: N/A | Long             | EC               | CORP              | CN        |     56894 | NS      | $381115.77    | 2.11%             |  |  |  | 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