# EDGAR Filing Document

**Accession Number:** 0000919160
**File Stem:** 0001398344-25-021433
**Filing Date:** 2025-11
**Character Count:** 16270
**Document Hash:** 66726eabbcbaaa3f578456fd393dd822
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-021433.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001398344-25-021433

**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:** 251536314

**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 China & Hong Kong Fund (Series ID: S000005894)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000016118 | Guinness Atkinson China & Hong Kong Fund | ICHKX           |

## Nport-Ex

**GUINNESS ATKINSON CHINA & HONG KONG FUND** 

**Schedule of Investments** 

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 98.7%** | **Value** |
|  | **Appliances: 9.8%** |  |
| 292600 | Haier Smart Home Co., Ltd. - H Shares | $952786 |
| 84200 | Midea Group Co., Ltd. | 858271 |
| 137509 | Zhejiang Supor Cookware - A Shares | 921131 |
|  |  | 2732188 |
|  | **Application Software: 2.9%** |  |
| 597000 | TravelSky Technology Ltd. | 814729 |
|  | **Auto/Cars - Light Trucks: 3.3%** |  |
| 363000 | Geely Automobile Holdings Ltd. | 911943 |
|  | **Auto/Truck Parts & Equipment: 3.4%** |  |
| 526480 | Weichai Power Co., Ltd. - H Shares | 943779 |
|  | **Automobiles: 2.9%** |  |
| 58000 | BYD Co. Ltd. | 821342 |
|  | **Commercial Banks: 2.9%** |  |
| 134500 | China Merchants Bank Co., Ltd. - H Shares | 808186 |
|  | **E-Commerce/Services: 7.4%** |  |
| 24500 | Alibaba Group Holding Ltd. | 557255 |
| 4201 | Alibaba Group Holding Ltd. - ADR | 750845 |
| 1352 | JD.com Inc. | 24062 |
| 21178 | JD.com Inc. - ADR | 740806 |
|  |  | 2072968 |
|  | **Electrical Equipment: 3.3%** |  |
| 250658 | Hongfa Technology Co., Ltd. | 926924 |
|  | **Energy-Alternate: 3.3%** |  |
| 418070 | Hangzhou First Applied Materials Co., Ltd. | 920801 |
|  | **Finance: 3.2%** |  |
| 15800 | Hong Kong Exchanges & Clearing Ltd. | 897416 |
|  | **Food-Dairy Products: 3.3%** |  |
| 238900 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 914277 |
|  | **Home Furnishings: 2.9%** |  |
| 447200 | Suofeiya Home Collection - A Shares | 795496 |

---

**GUINNESS ATKINSON CHINA & HONG KONG FUND** 

**Schedule of Investments** 

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 98.7%** | **Value** |
| | **Hotels, Restaurants & Leisure: 3.0%** | |
| 61900 | Meituan-Class B\* | $831230 |
|  | **Insurance: 6.6%** |  |
| 96200 | AIA Group Ltd. | 922825 |
| 134000 | Ping An Insurance Group Company of China Ltd. - H Shares | 913492 |
|  |  | 1836317 |
|  | **Internet Application Software: 5.4%** |  |
| 17600 | Tencent Holdings Ltd. | 1499480 |
|  | **Internet Content - Entertainment: 4.0%** |  |
| 7263 | NetEase Inc. - ADR | 1103903 |
|  | **Machinery: 17.3%** |  |
| 327000 | Haitian International Holdings Ltd. | 900921 |
| 294568 | NARI Technology Co., Ltd. - A Shares | 948800 |
| 298497 | Sany Heavy Industry Co., Ltd. - A Shares | 973180 |
| 112100 | Shandong Himile Mechanical Science & Technology Co., Ltd. | 931775 |
| 91554 | Shenzhen Inovance Technology Co., Ltd. - A Shares | 1076569 |
|  |  | 4831245 |
|  | **Pharmaceuticals: 3.4%** |  |
| 902500 | Sino Biopharmaceutical Ltd. | 944030 |
|  | **Real Estate Operations/Development: 3.1%** |  |
| 476000 | China Overseas Land & Investments Ltd. | 878366 |
|  | **Retail-Apparel: 3.3%** |  |
| 117300 | Shenzhou International Group Holdings Ltd. | 929278 |
|  | **Web Portals: 4.0%** |  |
| 8510 | Baidu Inc. - ADR\* | 1121363 |
|  | **Total Common Stocks** | 27535261 |
|  | (cost $25,474,722) |  |
|  | **Total Investments in Securities** | 27535261 |
|  | (cost $25,474,722): 98.7% |  |
|  | Other Assets in Excess of Liabilities: 1.3% | 376860 |
|  | **Net Assets: 100.0%** | $**27912121** |

---

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

*ADR - American Depository Receipt*

## 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 China & Hong Kong Fund

- **b. EDGAR series identifier (if any):** S000005894

- **c. LEI of Series:** 549300DM0YHA9DTLSY91

**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:** $29166369.26

**Total Liabilities:** $1257606.58

**Net Assets:** $27908762.68

**Cash Not Reported:** $140716.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016118 | 4.61%                | 6.82%                | 4.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1249373.10              | $-62739.62                                 |
| Month 2  | $686399.01               | $1091363.73                                |
| Month 3  | $-16194.54               | $1033575.93                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AIA GROUP LTD /HKD/                      | COMMON STOCK | CUSIP: Y002A1105<br>LEI: N/A | Long             | EC               | CORP              | HK        |     96200 | NS      | $922824.76    | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING LT /HKD/           | COMMON STOCK | CUSIP: G01719114<br>LEI: N/A | Long             | EC               | CORP              | KY        |     24500 | NS      | $557254.66    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING-SP ADR             | COMMON STOCK | CUSIP: 01609W102<br>LEI: N/A | Long             | EC               | CORP              | KY        |      4201 | NS      | $750844.73    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU INC                                | COMMON STOCK | CUSIP: 056752108<br>LEI: N/A | Long             | EC               | CORP              | KY        |      8510 | NS      | $1121362.70   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD CO LTD-H /HKD/                       | COMMON STOCK | CUSIP: Y1023R104<br>LEI: N/A | Long             | EC               | CORP              | CN        |     58000 | NS      | $821341.83    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MERCHANTS BANK-H /HKD/             | COMMON STOCK | CUSIP: Y14896115<br>LEI: N/A | Long             | EC               | CORP              | CN        |    134500 | NS      | $808185.66    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS LAND & IN /HKD/           | COMMON STOCK | CUSIP: Y15004107<br>LEI: N/A | Long             | EC               | CORP              | HK        |    476000 | NS      | $878366.47    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GEELY AUTOMOBILE HOLDING /HKD/           | COMMON STOCK | CUSIP: G3777B103<br>LEI: N/A | Long             | EC               | CORP              | KY        |    363000 | NS      | $911943.10    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| HAIER SMART HOME CO LTD- /HKD/           | COMMON STOCK | CUSIP: Y298BN100<br>LEI: N/A | Long             | EC               | CORP              | CN        |    292600 | NS      | $952785.82    | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HAITIAN INTERNATIONAL HOLDINGS LTD /HKD/ | COMMON STOCK | CUSIP: G4232C108<br>LEI: N/A | Long             | EC               | CORP              | KY        |    327000 | NS      | $900921.37    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HANGZHOU FIRST PV MATERI /CNH/           | COMMON STOCK | CUSIP: Y29846105<br>LEI: N/A | Long             | EC               | CORP              | CN        |    418070 | NS      | $920800.90    | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG KONG EXCHANGES & CL /HKD/           | COMMON STOCK | CUSIP: Y3506N139<br>LEI: N/A | Long             | EC               | CORP              | HK        |     15800 | NS      | $897415.80    | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HONGFA TECHNOLOGY CO LTD /CNH/           | COMMON STOCK | CUSIP: Y9716T105<br>LEI: N/A | Long             | EC               | CORP              | CN        |    250658 | NS      | $926923.84    | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INNER MONGOLIA YILI INDU /CNY/           | COMMON STOCK | CUSIP: Y40847108<br>LEI: N/A | Long             | EC               | CORP              | CN        |    238900 | NS      | $914276.58    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC-ADR                           | COMMON STOCK | CUSIP: 47215P106<br>LEI: N/A | Long             | EC               | CORP              | KY        |     21178 | NS      | $740806.44    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC-CLASS A /HKD/                 | COMMON STOCK | CUSIP: G8208B101<br>LEI: N/A | Long             | EC               | CORP              | KY        |      1352 | NS      | $24062.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITUAN-CLASS B /HKD/                    | COMMON STOCK | CUSIP: G59669104<br>LEI: N/A | Long             | EC               | CORP              | KY        |     61900 | NS      | $831230.16    | 2.98%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MIDEA GROUP CO LTD-A /CNH/               | COMMON STOCK | CUSIP: Y6S40V103<br>LEI: N/A | Long             | EC               | CORP              | CN        |     84200 | NS      | $858271.24    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NARI TECHNOLOGY DEVELOPM /CNY/           | COMMON STOCK | CUSIP: Y2959R100<br>LEI: N/A | Long             | EC               | CORP              | CN        |    294568 | NS      | $948799.67    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NETEASE INC-ADR                          | COMMON STOCK | CUSIP: 64110W102<br>LEI: N/A | Long             | EC               | CORP              | KY        |      7263 | NS      | $1103903.37   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE GROUP  /HKD/           | COMMON STOCK | CUSIP: Y69790106<br>LEI: N/A | Long             | EC               | CORP              | CN        |    134000 | NS      | $913491.56    | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SANY HEAVY INDUSTRY CO L /CNY/           | COMMON STOCK | CUSIP: Y75268105<br>LEI: N/A | Long             | EC               | CORP              | CN        |    298497 | NS      | $973179.99    | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SHANDONG HIMILE MECHANIC /CNH/           | COMMON STOCK | CUSIP: Y767AC109<br>LEI: N/A | Long             | EC               | CORP              | CN        |    112100 | NS      | $931774.98    | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHEN INOVANCE TECHNO /CNH/           | COMMON STOCK | CUSIP: Y7744Z101<br>LEI: N/A | Long             | EC               | CORP              | CN        |     91554 | NS      | $1076569.46   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHOU INTERNATIONAL G /HKD/           | COMMON STOCK | CUSIP: G8087W101<br>LEI: N/A | Long             | EC               | CORP              | KY        |    117300 | NS      | $929277.55    | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SINO BIOPHARMACEUTICAL /HKD/             | COMMON STOCK | CUSIP: G8167W138<br>LEI: N/A | Long             | EC               | CORP              | KY        |    902500 | NS      | $944030.38    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SUOFEIYA HOME COLLECTION /CNH/           | COMMON STOCK | CUSIP: Y29336107<br>LEI: N/A | Long             | EC               | CORP              | CN        |    447200 | NS      | $795496.23    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HOLDINGS LTD /HKD/               | COMMON STOCK | CUSIP: G87572163<br>LEI: N/A | Long             | EC               | CORP              | KY        |     17600 | NS      | $1499479.56   | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELSKY TECHNOLOGY /HKD/-H             | COMMON STOCK | CUSIP: Y8972V101<br>LEI: N/A | Long             | EC               | CORP              | CN        |    597000 | NS      | $814729.05    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| WEICHAI POWER CO LTD-H /HKD/             | COMMON STOCK | CUSIP: Y9531A109<br>LEI: N/A | Long             | EC               | CORP              | CN        |    526480 | NS      | $943779.28    | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ZHEJIANG SUPOR COOKWARE /CNH/            | COMMON STOCK | CUSIP: Y98925103<br>LEI: N/A | Long             | EC               | CORP              | CN        |    137509 | NS      | $921131.38    | 3.30%             |  |  |  | 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