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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.68

$25.1 M

0.00%

$0.00

1.70%

Vitals

YTD Return

-0.7%

1 yr return

-7.5%

3 Yr Avg Return

-2.7%

5 Yr Avg Return

14.5%

Net Assets

$25.1 M

Holdings in Top 10

43.4%

52 WEEK LOW AND HIGH

$5.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 29.03%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$5,000

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.68

$25.1 M

0.00%

$0.00

1.70%

GAAEX - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return -2.7%
  • 5 Yr Annualized Total Return 14.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Guinness Atkinson Alternative Energy Fund
  • Fund Family Name
    Guinness Atkinson Funds
  • Inception Date
    Mar 31, 2006
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Waghorn

Fund Description

The Alternative Energy Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of alternative energy companies (both U.S. and non-U.S.). The Fund will focus on a particular group of companies that the Adviser considers to be “Sustainable Energy” companies, which are companies that, in the Adviser’s view, generate, produce or provide alternative or renewable sources of energy (as compared to more traditional sources of energy that can be environmentally depletive, such as fossil fuels like oil or coal or other hydrocarbon-based fuels), or that produce, generate, transport, or deliver energy applications in a way that makes alternative or renewable energy more efficient or accessible or reduces the use of environmentally depletive energy resources. The Fund will invest in alternative energy companies including companies that generate power through solar, wind, hydroelectric, tidal wave, geothermal, biomass or biofuels and the various companies that provide the equipment and technologies that enable these sources to be tapped, used, stored or transported, including companies that create, facilitate or improve technologies that conserve or enable more efficient use of energy. The Fund will not change this policy unless it gives shareholders at least 60 days’ notice.

In determining whether to buy or sell a portfolio position, the Adviser uses proprietary and independent research and applies traditional fundamental analysis to assess a company’s business and business prospects, market capitalization, the valuation of the company, its dividend history, its ratio of debt to equity, as well as how the company’s business relates to sustainable characteristics like growth or development of alternative or renewable energy. The Adviser conducts an independent assessment of each portfolio company’s business. The Adviser categorizes the universe of companies it deems to be Sustainable Energy companies into four key areas related to the specific aspects of the energy business. Currently, these key areas are:

Generation: companies involved in generating sustainable energy, either pure-play companies or companies working to transition from hydrocarbon-based fuels
Installation: companies involved in manufacturing equipment for generation and consumption of sustainable energy
Displacement: companies involved in the displacement or improved efficient usage of existing hydrocarbon-based energy
Electrification: companies effectuating the switching from hydrocarbon-based fuel demand towards electricity or other renewal energy sources, especially for transportation

The Fund holdings in each key area may vary and the Fund’s may invest in companies that do not fall within these key areas.

The Fund holdings in each key area may vary and the Fund’s may invest in companies that do not fall within these key areas. Currently, the Adviser considers portfolio companies’ alignment with four of the United Nations Sustainable Development Goals: Goal 7: Affordable and Clean Energy; Goal 9: Industry, Innovation and Infrastructure; Goal 11: Sustainable Cities and Communities; and Goal 13: Climate Action. The Adviser may change these considerations at any time without notice to shareholders.

Equity securities may include common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. The Fund’s allocations may vary depending on changing market conditions (including but not limited to, liquidity, volatility, and the number of companies meeting selection criteria). The Fund may invest in companies economically tied to U.S. and to foreign countries, including, potentially, companies domiciled or traded in emerging markets, including China. For more information about how the Adviser determines that a company is economically tied to a foreign country, see “More About The Funds Investment Strategies and Risks” in this Prospectus. The Fund’s currency is US Dollars, while some of its investments are denominated in foreign currencies.

The Fund will normally hold around 30 positions of approximately equal weight, but the portfolio may vary over time, and under normal market conditions, the Fund may have as few as 25 holdings, or may hold securities in 75 or more companies. The Adviser will invest the Fund’s assets in securities of all market capitalization companies, but under normal market conditions, the Fund will invest in companies with a minimum market capitalization of $500 million. Additional information on Principal Investment Strategies can be found in the prospectus. Also see Additional Investment Strategies and Risks in the Statement of Additional Information.

For temporary defensive purposes, any portion of the Fund’s total assets may be invested in cash and cash equivalents, including money market funds, to respond to adverse market, economic, political or other conditions. While the Fund is applying this temporary defensive strategy, it may be unable to achieve its investment objective.

The Fund is designed for investors who seek long-term capital appreciation through focused investment in equity securities of companies, wherever located, engaged in alternative or sustainable energy businesses.

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GAAEX - Performance

Return Ranking - Trailing

Period GAAEX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -44.3% 9.5% 49.36%
1 Yr -7.5% -51.1% 24.7% 50.97%
3 Yr -2.7%* -6.4% 28.0% 0.68%
5 Yr 14.5%* -4.2% 18.3% 0.80%
10 Yr 3.1%* 1.0% 13.7% 86.90%

* Annualized

Return Ranking - Calendar

Period GAAEX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.4% -50.5% 18.8% 24.32%
2022 -12.7% -27.4% 103.5% 3.50%
2021 8.4% 3.5% 66.4% 10.00%
2020 86.4% -64.5% 5.6% 11.90%
2019 30.2% -9.3% 49.7% 55.66%

Total Return Ranking - Trailing

Period GAAEX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -44.3% 9.5% 46.15%
1 Yr -7.5% -51.1% 24.7% 42.58%
3 Yr -2.7%* -6.4% 28.0% 0.68%
5 Yr 14.5%* -4.2% 18.3% 0.80%
10 Yr 3.1%* 1.0% 13.7% 86.90%

* Annualized

Total Return Ranking - Calendar

Period GAAEX Return Category Return Low Category Return High Rank in Category (%)
2023 -2.4% -50.6% 18.8% 24.32%
2022 -12.7% -27.4% 103.5% 3.50%
2021 8.4% 3.5% 66.4% 10.00%
2020 86.4% -64.5% 5.6% 30.16%
2019 30.2% -9.3% 53.2% 78.30%

NAV & Total Return History


GAAEX - Holdings

Concentration Analysis

GAAEX Category Low Category High GAAEX % Rank
Net Assets 25.1 M 2.31 M 71.6 B 89.38%
Number of Holdings 31 31 9561 100.00%
Net Assets in Top 10 12.4 M 452 K 5.44 B 78.13%
Weighting of Top 10 43.35% 4.2% 63.4% 17.50%

Top 10 Holdings

  1. COMMON STOCK 4.54%
  2. COMMON STOCK 4.48%
  3. COMMON STOCK 4.47%
  4. COMMON STOCK 4.43%
  5. COMMON STOCK 4.38%
  6. COMMON STOCK 4.33%
  7. COMMON STOCK 4.29%
  8. COMMON STOCK 4.25%
  9. COMMON STOCK 4.15%
  10. COMMON STOCK 4.03%

Asset Allocation

Weighting Return Low Return High GAAEX % Rank
Stocks
96.92% 40.59% 104.41% 52.50%
Cash
3.08% -4.41% 47.07% 41.88%
Preferred Stocks
0.00% 0.00% 1.04% 24.38%
Other
0.00% -7.94% 19.71% 41.25%
Convertible Bonds
0.00% 0.00% 7.55% 8.75%
Bonds
0.00% 0.00% 8.07% 11.88%

Stock Sector Breakdown

Weighting Return Low Return High GAAEX % Rank
Technology
34.67% 0.00% 93.40% 10.00%
Utilities
31.81% 0.00% 70.33% 3.13%
Industrials
19.32% 0.00% 53.77% 44.38%
Consumer Cyclical
7.76% 0.00% 71.20% 77.50%
Basic Materials
6.44% 0.00% 26.39% 40.00%
Real Estate
0.00% 0.00% 43.48% 80.63%
Healthcare
0.00% 0.00% 28.38% 89.38%
Financial Services
0.00% 0.00% 75.07% 90.00%
Energy
0.00% 0.00% 36.56% 56.88%
Communication Services
0.00% 0.00% 23.15% 88.13%
Consumer Defense
0.00% 0.00% 52.28% 95.00%

Stock Geographic Breakdown

Weighting Return Low Return High GAAEX % Rank
US
53.95% 6.76% 79.19% 51.25%
Non US
42.97% 12.39% 83.06% 34.38%

GAAEX - Expenses

Operational Fees

GAAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.70% 0.43% 2.93% 13.13%
Management Fee 0.80% 0.30% 1.25% 83.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.15% 4.76%

Sales Fees

GAAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GAAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 50.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GAAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.03% 7.00% 145.00% 22.96%

GAAEX - Distributions

Dividend Yield Analysis

GAAEX Category Low Category High GAAEX % Rank
Dividend Yield 0.00% 0.00% 14.18% 20.63%

Dividend Distribution Analysis

GAAEX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Annually Annually

Net Income Ratio Analysis

GAAEX Category Low Category High GAAEX % Rank
Net Income Ratio -0.86% -1.92% 6.98% 83.44%

Capital Gain Distribution Analysis

GAAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

GAAEX - Fund Manager Analysis

Managers

Jonathan Waghorn


Start Date

Tenure

Tenure Rank

Jan 01, 2019

3.41

3.4%

Jonathan has 17 years’ experience in the energy sector. He was a Shell drilling engineer in the Dutch North Sea and worked as an energy consultant with Wood Mackenzie before becoming co-head of Goldman Sachs energy equity research in 2000. He joined Investec as co-manager on the Investec Global Energy Fund in 2008 where he helped grow the energy franchise at Investec to a peak of nearly $3.5bn in 2011. Jonathan then joined Mercuria in 2012 to build an equities and fund management business based around the provision of external funds before joining Guinness Asset Management in 2013. Mr. Waghorn graduated from the University of Bristol with a Masters in Physics in 1995.

Will Riley


Start Date

Tenure

Tenure Rank

Jan 01, 2019

3.41

3.4%

Will joined Guinness Asset Management in May 2007, and is co-manager of Guinness Global Energy Fund and the Guinness Global Money Managers Fund. Prior to joining Guinness, Will was employed by PricewaterhouseCoopers for six years, first in the London Middle Market Assurance Team, then as a valuation specialist in the Valuation & Strategy division. Will qualified as a Chartered Accountant in 2003 and graduated from the University of Cambridge with a Master’s Degree in Geography.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 39.6 7.02 9.33