# EDGAR Filing Document

**Accession Number:** 0000919160
**File Stem:** 0001398344-26-009904
**Filing Date:** 2026-5
**Character Count:** 15573
**Document Hash:** 3f7c71a01bc1fba0c7cacad2b0a2254e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-26-009904.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001398344-26-009904

**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:** 261032751

**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 Asia Focus Fund (Series ID: S000005893)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000016117 | Guinness Atkinson Asia Focus Fund | IASMX           |

## Nport-Ex

**GUINNESS ATKINSON ASIA FOCUS FUND**

**Schedule of Investments**

**at March 31, 2026**

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 100.1%** | **Value** |
|  | **Australia: 4.3%** |  |
| 34519 | Corporate Travel Management Ltd.<sup>(1)</sup> | $190545 |
| 19149 | Sonic Healthcare Ltd. | 271708 |
|  |  | 462253 |
|  | **China: 59.9%** |  |
| 22600 | Alibaba Group Holding Ltd. | 351485 |
| 12300 | Autohome Inc. - ADR | 213651 |
| 3039 | Baidu Inc. - ADR\* | 338605 |
| 207000 | China Medical System Holdings Ltd. | 354687 |
| 55500 | China Merchants Bank Co., Ltd. - H Shares | 351790 |
| 164000 | Geely Automobile Holdings Ltd. | 443995 |
| 111000 | Haitian International Holdings Ltd. | 288237 |
| 83400 | Inner Mongolia Yili Industrial Group Co., Ltd. - A Shares | 319481 |
| 11260 | JD.com Inc. - ADR | 332958 |
| 30000 | Meituan - Class B<sup>\*,(2)</sup> | 322948 |
| 111909 | NARI Technology Co., Ltd. - A Shares | 424890 |
| 3400 | NetEase Inc. - ADR | 380596 |
| 49000 | Ping An Insurance Group Company of China Ltd. - H Shares | 378726 |
| 29900 | Proya Cosmetics Co., Ltd. | 264983 |
| 113000 | Sany Heavy Industry Co., Ltd. - A Shares | 317628 |
| 44600 | Shenzhou International | 270270 |
| 377000 | Sino Biopharmaceutical Ltd. | 287063 |
| 6400 | Tencent Holdings Ltd. | 403052 |
| 108000 | Weichai Power Co Ltd. - H Shares | 382188 |
|  |  | 6427233 |
|  | **India: 2.2%** |  |
| 9400 | HDFC Bank Ltd. - ADR | 233872 |
|  | **Singapore: 4.0%** |  |
| 9618 | DBS Group Holdings Ltd. | 427970 |
|  | **South Korea: 5.9%** |  |
| 5261 | Samsung Electronics Co., Ltd. | 628762 |
|  | **Taiwan: 17.0%** |  |
| 8000 | Elite Material Co., Ltd. | 682475 |
| 4000 | Largan Precision Co., Ltd. | 276865 |
| 48000 | Shin Zu Shing Co., Ltd. | 296802 |
| 10000 | Taiwan Semiconductor Manufacturing Co., Ltd. | 573850 |
|  |  | 1829992 |

---

**GUINNESS ATKINSON ASIA FOCUS FUND**

**Schedule of Investments**

**at March 31, 2026**

---

| | | |
|:---|:---|:---|
| **Shares** | **Common Stocks: 100.1%** | **Value** |
|  | **United States: 6.8%** |  |
| 1134 | Applied Materials Inc. | $387590 |
| 1103 | Broadcom Inc. | 341390 |
|  |  | 728980 |
|  | **Total Common Stocks** | 10739062 |
|  | (cost $7,783,015) |  |
|  | **Total Investments in Securities** | 10739062 |
|  | (cost $7,783,015): 100.1% |  |
|  | Liabilities in Excess of Other Assets: -0.1% | (5971) |
|  | **Net Assets: 100.0%** | $**10733091** |

---

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

*ADR - American Depository Receipt*

*<sup>1</sup>* *The value of these securities was determined using significant unobservable inputs. These are reported as Level 3 securities in the Fair Value Hierarchy.*

*<sup>2</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 Asia Focus Fund

- **b. EDGAR series identifier (if any):** S000005893

- **c. LEI of Series:** 549300B83EIJXRDORS90

**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:** $10795638.18

**Total Liabilities:** $55894.88

**Net Assets:** $10739743.30

**Cash Not Reported:** $31571.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016117 | -7.28%               | 2.21%                | 5.52%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $73562.92                | $-927333.19                                |
| Month 2  | $525696.75               | $-258236.18                                |
| Month 3  | $72643.98                | $567449.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALIBABA GROUP HOLDING LT /HKD/           | COMMON STOCK | CUSIP: G01719114<br>LEI: N/A | Long             | EC               | CORP              | KY        |     22600 | NS      | $351484.76    | 3.27%             |  |  |  | No            |                  2 | On Loan: No      |
| APPLIED MATERIALS INC                    | COMMON STOCK | CUSIP: 038222105<br>LEI: N/A | Long             | EC               | CORP              | US        |      1134 | NS      | $387589.86    | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOHOME INC-ADR                         | COMMON STOCK | CUSIP: 05278C107<br>LEI: N/A | Long             | EC               | CORP              | KY        |     12300 | NS      | $213651.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU INC                                | COMMON STOCK | CUSIP: 056752108<br>LEI: N/A | Long             | EC               | CORP              | KY        |      3039 | NS      | $338605.38    | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                             | COMMON STOCK | CUSIP: 11135F101<br>LEI: N/A | Long             | EC               | CORP              | US        |      1103 | NS      | $341389.53    | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA MEDICAL SYSTEM HOL /HKD/           | COMMON STOCK | CUSIP: G21108124<br>LEI: N/A | Long             | EC               | CORP              | KY        |    207000 | NS      | $354687.28    | 3.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MERCHANTS BANK-H /HKD/             | COMMON STOCK | CUSIP: Y14896115<br>LEI: N/A | Long             | EC               | CORP              | CN        |     55500 | NS      | $351790.00    | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |
| CORPORATE TRAVEL MANAGEM /AUD/           | COMMON STOCK | CUSIP: Q2909K105<br>LEI: N/A | Long             | EC               | CORP              | AU        |     34519 | NS      | $190544.88    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS GROUP HOLDINGS LTD /SGD/             | COMMON STOCK | CUSIP: Y20246107<br>LEI: N/A | Long             | EC               | CORP              | SG        |      9618 | NS      | $427969.57    | 3.98%             |  |  |  | No            |                  2 | On Loan: No      |
| ELITE MATERIAL CO LTD /TWD/              | COMMON STOCK | CUSIP: Y2290G102<br>LEI: N/A | Long             | EC               | CORP              | TW        |      8000 | NS      | $682475.13    | 6.35%             |  |  |  | No            |                  2 | On Loan: No      |
| GEELY AUTOMOBILE HOLDING /HKD/           | COMMON STOCK | CUSIP: G3777B103<br>LEI: N/A | Long             | EC               | CORP              | KY        |    164000 | NS      | $443994.81    | 4.13%             |  |  |  | No            |                  2 | On Loan: No      |
| HAITIAN INTERNATIONAL HOLDINGS LTD /HKD/ | COMMON STOCK | CUSIP: G4232C108<br>LEI: N/A | Long             | EC               | CORP              | KY        |    111000 | NS      | $288236.97    | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC BANK LTD-ADR                        | COMMON STOCK | CUSIP: 40415F101<br>LEI: N/A | Long             | EC               | CORP              | IN        |      9400 | NS      | $233872.00    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INNER MONGOLIA YILI INDU /CNY/           | COMMON STOCK | CUSIP: Y40847108<br>LEI: N/A | Long             | EC               | CORP              | CN        |     83400 | NS      | $319481.47    | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.COM INC-ADR                           | COMMON STOCK | CUSIP: 47215P106<br>LEI: N/A | Long             | EC               | CORP              | KY        |     11260 | NS      | $332958.20    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LARGAN PRECISION CO LTD /TWD/            | COMMON STOCK | CUSIP: Y52144105<br>LEI: N/A | Long             | EC               | CORP              | TW        |      4000 | NS      | $276864.53    | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| MEITUAN-CLASS B /HKD/                    | COMMON STOCK | CUSIP: G59669104<br>LEI: N/A | Long             | EC               | CORP              | KY        |     30000 | NS      | $322948.28    | 3.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NARI TECHNOLOGY DEVELOPM /CNY/           | COMMON STOCK | CUSIP: Y2959R100<br>LEI: N/A | Long             | EC               | CORP              | CN        |    111909 | NS      | $424890.01    | 3.96%             |  |  |  | No            |                  2 | On Loan: No      |
| NETEASE INC-ADR                          | COMMON STOCK | CUSIP: 64110W102<br>LEI: N/A | Long             | EC               | CORP              | KY        |      3400 | NS      | $380596.00    | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PING AN INSURANCE GROUP  /HKD/           | COMMON STOCK | CUSIP: Y69790106<br>LEI: N/A | Long             | EC               | CORP              | CN        |     49000 | NS      | $378726.38    | 3.53%             |  |  |  | No            |                  2 | On Loan: No      |
| PROYA COSMETICS CO LTD A /CNH/           | COMMON STOCK | CUSIP: Y7S88X100<br>LEI: N/A | Long             | EC               | CORP              | CN        |     29900 | NS      | $264982.86    | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO L /KRW/           | COMMON STOCK | CUSIP: Y74718100<br>LEI: N/A | Long             | EC               | CORP              | KR        |      5261 | NS      | $628762.44    | 5.85%             |  |  |  | No            |                  2 | On Loan: No      |
| SANY HEAVY INDUSTRY CO L /CNY/           | COMMON STOCK | CUSIP: Y75268105<br>LEI: N/A | Long             | EC               | CORP              | CN        |    113000 | NS      | $317627.85    | 2.96%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHOU INTERNATIONAL G /HKD/           | COMMON STOCK | CUSIP: G8087W101<br>LEI: N/A | Long             | EC               | CORP              | KY        |     44600 | NS      | $270269.91    | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIN ZU SHING CO LTD /TWD/               | COMMON STOCK | CUSIP: Y7755T127<br>LEI: N/A | Long             | EC               | CORP              | TW        |     48000 | NS      | $296801.56    | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |
| SINO BIOPHARMACEUTICAL /HKD/             | COMMON STOCK | CUSIP: G8167W138<br>LEI: N/A | Long             | EC               | CORP              | KY        |    377000 | NS      | $287062.77    | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| SONIC HEALTHCARE LTD /AUD/               | COMMON STOCK | CUSIP: Q8563C107<br>LEI: N/A | Long             | EC               | CORP              | AU        |     19149 | NS      | $271708.48    | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MAN /TWD/           | COMMON STOCK | CUSIP: Y84629107<br>LEI: N/A | Long             | EC               | CORP              | TW        |     10000 | NS      | $573850.08    | 5.34%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD /HKD/               | COMMON STOCK | CUSIP: G87572163<br>LEI: N/A | Long             | EC               | CORP              | KY        |      6400 | NS      | $403051.65    | 3.75%             |  |  |  | No            |                  2 | On Loan: No      |
| WEICHAI POWER CO LTD-H /HKD/             | COMMON STOCK | CUSIP: Y9531A109<br>LEI: N/A | Long             | EC               | CORP              | CN        |    108000 | NS      | $382188.08    | 3.56%             |  |  |  | No            |                  2 | 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