# EDGAR Filing Document

**Accession Number:** 0000919160
**File Stem:** 0001398344-26-009912
**Filing Date:** 2026-5
**Character Count:** 17845
**Document Hash:** 00a5df2cd98144607aa0d2eb49f4a809
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-009912.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001398344-26-009912

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**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:** 261032755

**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 Real Assets Income ETF (Series ID: S000097935)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000267448 | Guinness Atkinson Real Assets Income ETF | GARA            |

## Nport-Ex

**Guinness Atkinson Real Assets Income ETF**

**Schedule of Investments**

**at March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 99.6%** | **Value** |
|  | **Airport Development/Maintenance: 2.9%** |  |
| 386 | Aena SME SA<sup>1</sup> | $11386 |
|  | **Building - Heavy Construction: 5.7%** |  |
| 354 | Cellnex Telecom SA<sup>1</sup> | 11346 |
| 76 | Vinci SA | 11275 |
|  |  | 22621 |
|  | **Electric - Distribution: 3.1%** |  |
| 718 | National Grid PLC | 12065 |
|  | **Electric - Generation: 11.7%** |  |
| 994 | Enel SpA | 10771 |
| 464 | Engie SA | 14861 |
| 8288 | Greencoat UK Wind PLC/Funds | 10641 |
| 3134 | Meridian Energy Ltd. | 9959 |
|  |  | 46232 |
|  | **Electric - Integrated: 17.3%** |  |
| 3859 | A2A SpA | 10830 |
| 155 | Alliant Energy Corp. | 11123 |
| 88 | American Electric Power Co Inc. | 11535 |
| 93 | Duke Energy Corp. | 12177 |
| 511 | Iberdrola SA | 11662 |
| 98 | WEC Energy Group Inc. | 11346 |
|  |  | 68673 |
|  | **Electric - Transmission: 9.2%** |  |
| 320 | Brookfield Infrastructure Partners LP | 11543 |
| 88 | Elia Group SA/NV | 13406 |
| 1019 | Terna - Rete Elettrica Nazionale | 11618 |
|  |  | 36567 |
|  | **Gas - Transportation: 3.1%** |  |
| 1611 | Snam SpA | 12204 |
|  | **Investment Companies: 5.3%** |  |
| 2218 | 3i Infrastructure PLC | 9791 |
| 1696 | Infratil Ltd. | 11354 |
|  |  | 21145 |
|  | **Pipelines: 2.9%** |  |
| 213 | Enbridge Inc. | 11547 |
|  | **Real Estate Operation/Development: 2.1%** |  |
| 508 | CTP NV<sup>1</sup> | 8455 |
|  | **REITS - Diversified: 13.3%** |  |
| 59 | American Tower Corp. | 10182 |
| 4700 | CapitaLand Ascendas REIT | 9029 |
| 131 | CapitaLand Ascendas REIT - Rights | 12 |
| 63 | Digital Realty Trust Inc. | 11353 |
| 13 | Equinix Inc. | 12743 |
| 56 | SBA Communications Corp. | 9638 |
|  |  | 52957 |

---

**Guinness Atkinson Real Assets Income ETF**

**Schedule of Investments**

**at March 31, 2026 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 99.6%** | **Value** |
|  | **REITS - Health Care: 11.5%** |  |
| 134 | Aedifica SA | $10757 |
| 8733 | Primary Health Properties PLC | 10501 |
| 152 | Ventas Inc. | 12431 |
| 60 | Welltower Inc. | 11863 |
|  |  | 45552 |
|  | **REITS - Warehouse/Industrial: 2.9%** |  |
| 88 | Prologis Inc. | 11632 |
|  | **Transport - Rail: 2.8%** |  |
| 46 | Union Pacific Corp. | 11161 |
|  | **Water: 5.8%** |  |
| 276 | Essential Utilities Inc. | 11115 |
| 294 | Severn Trent PLC | 12024 |
|  |  | 23139 |
|  | **Total Common Stocks (Cost $373,540)** | 395336 |
|  | **Total Investments in Securities (Cost $373,540): 99.6%** | 395336 |
|  | Other Assets in Excess of Liabilities: 0.4% | 1674 |
|  | **Total Net Assets - 100.0%** | $**397010** |

---

*PLC - Public Limited Company*

*<sup>1</sup>* *Securities noted are exempt from registration under Rule 144A of the Securities Act of 1933, as amended, or otherwise restricted. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.*

## 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 Real Assets Income ETF

- **b. EDGAR series identifier (if any):** S000097935

- **c. LEI of Series:** 984500CDE39E7438BA77

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $397177.52

**Total Liabilities:** $139.65

**Net Assets:** $397037.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000267448 | -6.17%               | 7.40%                | 4.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-27012.71                                 |
| Month 2  | $412.69                  | $27814.77                                  |
| Month 3  | $2.10                    | $16793.33                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 3I INFRASTRUCTURE PLC /GBP/    | POOLED INVESTMENTS                  | CUSIP: G8873L178<br>LEI: N/A | Long             | EC               | CORP              | JE        |      2218 | NS      | $9790.71      | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| A2A SPA /EUR/                  | COMMON STOCK                        | CUSIP: T0579B105<br>LEI: N/A | Long             | EC               | CORP              | IT        |      3859 | NS      | $10829.91     | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AEDIFICA /EUR/                 | REIT - Real Estate Investment Trust | CUSIP: B0130A108<br>LEI: N/A | Long             | EC               | CORP              | BE        |       134 | NS      | $10756.69     | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AENA SME SA /EUR/              | COMMON STOCK                        | CUSIP: E526LK101<br>LEI: N/A | Long             | EC               | CORP              | ES        |       386 | NS      | $11385.95     | 2.87%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ALLIANT ENERGY CORP            | COMMON STOCK                        | CUSIP: 018802108<br>LEI: N/A | Long             | EC               | CORP              | US        |       155 | NS      | $11122.80     | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER        | COMMON STOCK                        | CUSIP: 025537101<br>LEI: N/A | Long             | EC               | CORP              | US        |        88 | NS      | $11535.04     | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP            | REIT - Real Estate Investment Trust | CUSIP: 03027X100<br>LEI: N/A | Long             | EC               | CORP              | US        |        59 | NS      | $10182.22     | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRASTRUCTUR /CAD/ | POOLED INVESTMENTS                  | CUSIP: G16252101<br>LEI: N/A | Long             | EC               | CORP              | BM        |       320 | NS      | $11543.10     | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND ASCENDAS REIT /SGD/ | REIT - Real Estate Investment Trust | CUSIP: Y0205X103<br>LEI: N/A | Long             | EC               | CORP              | SG        |      4700 | NS      | $9029.32      | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITALAND RTS 04/15/26 /SGD/  | RIGHTS                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SG        |       131 | NS      | $12.23        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CELLNEX TELECOM SA /EUR/       | COMMON STOCK                        | CUSIP: E2R41M104<br>LEI: N/A | Long             | EC               | CORP              | ES        |       354 | NS      | $11346.31     | 2.86%             |  |  |  | Yes           |                  1 | On Loan: No      |
| CTP NV /EUR/                   | COMMON STOCK                        | CUSIP: N2368S105<br>LEI: N/A | Long             | EC               | CORP              | NL        |       508 | NS      | $8455.27      | 2.13%             |  |  |  | Yes           |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC       | REIT - Real Estate Investment Trust | CUSIP: 253868103<br>LEI: N/A | Long             | EC               | CORP              | US        |        63 | NS      | $11353.23     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY CORP               | COMMON STOCK                        | CUSIP: 26441C204<br>LEI: N/A | Long             | EC               | CORP              | US        |        93 | NS      | $12177.42     | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ELIA GROUP SA/NV /EUR/         | COMMON STOCK                        | CUSIP: B35656105<br>LEI: N/A | Long             | EC               | CORP              | BE        |        88 | NS      | $13406.01     | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC /CAD/             | COMMON STOCK                        | CUSIP: 29250N105<br>LEI: N/A | Long             | EC               | CORP              | CA        |       213 | NS      | $11546.50     | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL SPA /EUR/                 | COMMON STOCK                        | CUSIP: T3679P115<br>LEI: N/A | Long             | EC               | CORP              | IT        |       994 | NS      | $10771.08     | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGIE /EUR/                    | COMMON STOCK                        | CUSIP: F7629A107<br>LEI: N/A | Long             | EC               | CORP              | FR        |       464 | NS      | $14861.27     | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINIX INC                    | REIT - Real Estate Investment Trust | CUSIP: 29444U700<br>LEI: N/A | Long             | EC               | CORP              | US        |        13 | NS      | $12743.12     | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSENTIAL UTILITIES INC        | COMMON STOCK                        | CUSIP: 29670G102<br>LEI: N/A | Long             | EC               | CORP              | US        |       276 | NS      | $11114.52     | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENCOAT UK WIND PLC /GBP/    | POOLED INVESTMENTS                  | CUSIP: G415A8104<br>LEI: N/A | Long             | EC               | CORP              | GB        |      8288 | NS      | $10640.90     | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| IBERDROLA SA /EUR/             | COMMON STOCK                        | CUSIP: E6165F166<br>LEI: N/A | Long             | EC               | CORP              | ES        |       511 | NS      | $11662.18     | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| INFRATIL LTD /NZD/             | COMMON STOCK                        | CUSIP: Q4933Q124<br>LEI: N/A | Long             | EC               | CORP              | NZ        |      1696 | NS      | $11354.16     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MERIDIAN ENERGY LTD /NZD/      | COMMON STOCK                        | CUSIP: Q5997E121<br>LEI: N/A | Long             | EC               | CORP              | NZ        |      3134 | NS      | $9959.27      | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL GRID PLC /GBP/        | COMMON STOCK                        | CUSIP: G6S9A7120<br>LEI: N/A | Long             | EC               | CORP              | GB        |       718 | NS      | $12064.63     | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMARY HEALTH PROPERTIE /GBP/ | REIT - Real Estate Investment Trust | CUSIP: G7240B186<br>LEI: N/A | Long             | EC               | CORP              | GB        |      8733 | NS      | $10501.35     | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                   | REIT - Real Estate Investment Trust | CUSIP: 74340W103<br>LEI: N/A | Long             | EC               | CORP              | US        |        88 | NS      | $11631.84     | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORP        | REIT - Real Estate Investment Trust | CUSIP: 78410G104<br>LEI: N/A | Long             | EC               | CORP              | US        |        56 | NS      | $9638.16      | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SEVERN TRENT PLC /GBP/         | COMMON STOCK                        | CUSIP: G8056D159<br>LEI: N/A | Long             | EC               | CORP              | GB        |       294 | NS      | $12024.38     | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAM SPA /EUR/                 | COMMON STOCK                        | CUSIP: T8578N103<br>LEI: N/A | Long             | EC               | CORP              | IT        |      1611 | NS      | $12204.03     | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNA-RETE ELETTRICA NAZ /EUR/ | COMMON STOCK                        | CUSIP: T9471R100<br>LEI: N/A | Long             | EC               | CORP              | IT        |      1019 | NS      | $11617.93     | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP             | COMMON STOCK                        | CUSIP: 907818108<br>LEI: N/A | Long             | EC               | CORP              | US        |        46 | NS      | $11160.52     | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                     | REIT - Real Estate Investment Trust | CUSIP: 92276F100<br>LEI: N/A | Long             | EC               | CORP              | US        |       152 | NS      | $12430.56     | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VINCI SA /EUR/                 | COMMON STOCK                        | CUSIP: F5879X108<br>LEI: N/A | Long             | EC               | CORP              | FR        |        76 | NS      | $11274.85     | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC           | COMMON STOCK                        | CUSIP: 92939U106<br>LEI: N/A | Long             | EC               | CORP              | US        |        98 | NS      | $11345.46     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                  | REIT - Real Estate Investment Trust | CUSIP: 95040Q104<br>LEI: N/A | Long             | EC               | CORP              | US        |        60 | NS      | $11862.60     | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-28

**Name of Applicant:** GUINNESS ATKINSON FUNDS

**Signature:** /s/ Lyna Phan

**Name of Signer:** Lyna Phan

**Title:** Assistant Treasurer