# EDGAR Filing Document

**Accession Number:** 0000919160
**File Stem:** 0001398344-25-021431
**Filing Date:** 2025-11
**Character Count:** 15195
**Document Hash:** b7958d1853e0bc3b3a95f988bae54948
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-021431.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001398344-25-021431

**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:** 251536309

**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 Global Energy Fund (Series ID: S000005896)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000016120 | Guinness Atkinson Global Energy Fund | GAGEX           |

## Nport-Ex

**GUINNESS ATKINSON GLOBAL ENERGY FUND** 

**Schedule of Investments** 

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 96.7%** | **Value** |
|  | **Oil & Gas - Exploration & Production: 16.9%** |  |
| 11544 | Canadian Natural Resources Ltd. | 369162 |
| 4741 | ConocoPhillips | 448451 |
| 7560 | Devon Energy Corp. | 265054 |
| 2242 | Diamondback Energy Inc. | 320830 |
| 348 | Diversified Energy Co PLC | 4862 |
| 28114 | EnQuest PLC | 4431 |
| 2971 | EOG Resources Inc. | 333109 |
| 16508 | Pharos Energy PLC | 4662 |
|  |  | 1750561 |
|  | **Oil & Gas - Field Services: 8.5%** |  |
| 6517 | Baker Hughes Company | 317508 |
| 9809 | Halliburton Company | 241301 |
| 9762 | Helix Energy Solutions Group, Inc.\* | 64039 |
| 7586 | Schlumberger Ltd. | 260731 |
|  |  | 883579 |
|  | **Oil & Gas - Integrated: 53.6%** |  |
| 83594 | BP PLC | 478581 |
| 18759 | Cenovus Energy Inc. | 318548 |
| 3340 | Chevron Corp. | 518669 |
| 18601 | Eni SpA | 324610 |
| 12613 | Equinor ASA | 307528 |
| 4706 | Exxon Mobil Corp. | 530601 |
| 16770 | Galp Energia Sgps Sa | 316949 |
| 4586 | Imperial Oil Ltd. | 415872 |
| 6179 | OMV AG | 329455 |
| 276000 | PetroChina Co., Ltd. - H Shares | 251106 |
| 20873 | Repsol SA | 369135 |
| 14032 | Shell PLC | 501825 |
| 10488 | Suncor Energy, Inc. | 438950 |
| 7520 | Total Energies SE | 456658 |
|  |  | 5558487 |
|  | **Oil & Gas - Pipelines and Transportation: 11.4%** |  |
| 6262 | Enbridge Inc. | 315981 |
| 10979 | Kinder Morgan Inc. | 310815 |
| 5118 | TC Energy Corp | 278308 |
| 4346 | Williams Cos Inc/The | 275319 |
|  |  | 1180423 |

---

**GUINNESS ATKINSON GLOBAL ENERGY FUND** 

**Schedule of Investments** 

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

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 96.7%** | **Value** |
| | **Oil Refining & Marketing: 6.3%** | |
| 272000 | China Petroleum & Chemical | $141559 |
| 3004 | Valero Energy, Corp. | 511461 |
|  |  | 653020 |
|  | **Total Common Stocks** | 10026070 |
|  | (cost $10,191,390) |  |
|  | **Total Investments in Securities** | 10026070 |
|  | (cost $10,191,390): 96.7% |  |
|  | Other Assets in Excess of Liabilities: 3.3% | 345126 |
|  | **Net Assets: 100.0%** | $**10371196** |

---

\* *Non-income producing security.* <br> *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 Global Energy Fund

- **b. EDGAR series identifier (if any):** S000005896

- **c. LEI of Series:** 5493008FBP33QJVDNN54

**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:** $10421754.98

**Total Liabilities:** $50123.73

**Net Assets:** $10371631.25

**Cash Not Reported:** $320160.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016120 | 0.00%                | 4.57%                | 3.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-23197.14                                 |
| Month 2  | $-657177.13              | $1062987.09                                |
| Month 3  | $0.00                    | $340483.93                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BAKER HUGHES CO                | COMMON STOCK | CUSIP: 05722G100<br>LEI: N/A | Long             | EC               | CORP              | US        |      6517 | NS      | $317508.24    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC /GBP/                   | COMMON STOCK | CUSIP: G12793108<br>LEI: N/A | Long             | EC               | CORP              | GB        |     83594 | NS      | $478580.65    | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURC /CAD/ | COMMON STOCK | CUSIP: 136385101<br>LEI: N/A | Long             | EC               | CORP              | CA        |     11544 | NS      | $369162.44    | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CENOVUS ENERGY INC /CAD/       | COMMON STOCK | CUSIP: 15135U109<br>LEI: N/A | Long             | EC               | CORP              | CA        |     18759 | NS      | $318547.78    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                   | COMMON STOCK | CUSIP: 166764100<br>LEI: N/A | Long             | EC               | CORP              | US        |      3340 | NS      | $518668.60    | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA PETROLEUM & CHEMIC /HKD/ | COMMON STOCK | CUSIP: Y15010104<br>LEI: N/A | Long             | EC               | CORP              | CN        |    272000 | NS      | $141559.26    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                 | COMMON STOCK | CUSIP: 20825C104<br>LEI: N/A | Long             | EC               | CORP              | US        |      4741 | NS      | $448451.19    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORP              | COMMON STOCK | CUSIP: 25179M103<br>LEI: N/A | Long             | EC               | CORP              | US        |      7560 | NS      | $265053.60    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY INC         | COMMON STOCK | CUSIP: 25278X109<br>LEI: N/A | Long             | EC               | CORP              | US        |      2242 | NS      | $320830.20    | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED ENERGY CO PL /GBP/ | COMMON STOCK | CUSIP: G2891G204<br>LEI: N/A | Long             | EC               | CORP              | GB        |       348 | NS      | $4862.06      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                   | COMMON STOCK | CUSIP: 29250N105<br>LEI: N/A | Long             | EC               | CORP              | CA        |      6262 | NS      | $315980.52    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ENI SPA /EUR/                  | COMMON STOCK | CUSIP: T3643A145<br>LEI: N/A | Long             | EC               | CORP              | IT        |     18601 | NS      | $324609.73    | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ENQUEST PLC /GBP/              | COMMON STOCK | CUSIP: G3159S104<br>LEI: N/A | Long             | EC               | CORP              | GB        |     28114 | NS      | $4430.73      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RESOURCES INC              | COMMON STOCK | CUSIP: 26875P101<br>LEI: N/A | Long             | EC               | CORP              | US        |      2971 | NS      | $333108.52    | 3.21%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA /NOK/              | COMMON STOCK | CUSIP: R2R90P103<br>LEI: N/A | Long             | EC               | CORP              | NO        |     12613 | NS      | $307527.83    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP               | COMMON STOCK | CUSIP: 30231G102<br>LEI: N/A | Long             | EC               | CORP              | US        |      4706 | NS      | $530601.50    | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GALP ENERGIA SGPS SA  B /EUR/  | COMMON STOCK | CUSIP: X3078L108<br>LEI: N/A | Long             | EC               | CORP              | PT        |     16770 | NS      | $316949.48    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HALLIBURTON CO                 | COMMON STOCK | CUSIP: 406216101<br>LEI: N/A | Long             | EC               | CORP              | US        |      9809 | NS      | $241301.40    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| HELIX ENERGY SOLUTIONS GROUP   | COMMON STOCK | CUSIP: 42330P107<br>LEI: N/A | Long             | EC               | CORP              | US        |      9762 | NS      | $64038.72     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL OIL LTD /CAD/         | COMMON STOCK | CUSIP: 453038408<br>LEI: N/A | Long             | EC               | CORP              | CA        |      4586 | NS      | $415872.47    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC              | COMMON STOCK | CUSIP: 49456B101<br>LEI: N/A | Long             | EC               | CORP              | US        |     10979 | NS      | $310815.49    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG /EUR/                   | COMMON STOCK | CUSIP: A51460110<br>LEI: N/A | Long             | EC               | CORP              | AT        |      6179 | NS      | $329455.24    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROCHINA CO LTD H /HKD/      | COMMON STOCK | CUSIP: Y6883Q104<br>LEI: N/A | Long             | EC               | CORP              | CN        |    276000 | NS      | $251105.77    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PHAROS ENERGY PLC /GBP/        | COMMON STOCK | CUSIP: M7S90R102<br>LEI: N/A | Long             | EC               | CORP              | GB        |     16508 | NS      | $4661.64      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| REPSOL SA /EUR/                | COMMON STOCK | CUSIP: E8471S130<br>LEI: N/A | Long             | EC               | CORP              | ES        |     20873 | NS      | $369134.91    | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHLUMBERGER NV                | COMMON STOCK | CUSIP: 806857108<br>LEI: N/A | Long             | EC               | CORP              | CW        |      7586 | NS      | $260730.82    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL PLC /EUR/                | COMMON STOCK | CUSIP: G80827101<br>LEI: N/A | Long             | EC               | CORP              | GB        |     14032 | NS      | $501824.50    | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOR ENERGY INC /CAD/        | COMMON STOCK | CUSIP: 867224107<br>LEI: N/A | Long             | EC               | CORP              | CA        |     10488 | NS      | $438950.18    | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TC ENERGY CORP /CAD/           | COMMON STOCK | CUSIP: 87807B107<br>LEI: N/A | Long             | EC               | CORP              | CA        |      5118 | NS      | $278307.69    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES SE /EUR/         | COMMON STOCK | CUSIP: F92124100<br>LEI: N/A | Long             | EC               | CORP              | FR        |      7520 | NS      | $456658.37    | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP             | COMMON STOCK | CUSIP: 91913Y100<br>LEI: N/A | Long             | EC               | CORP              | US        |      3004 | NS      | $511461.04    | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC               | COMMON STOCK | CUSIP: 969457100<br>LEI: N/A | Long             | EC               | CORP              | US        |      4346 | NS      | $275319.10    | 2.65%             |  |  |  | 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