Guinness Atkins Alternative Energy Fund

Mutual Fund	Symbol	Assets	Inception	Min. Investment	IRA Min. Investment	Morningstar Rating
Guinness Atkins Alternative Energy Fund	GAAEX	$41 million (as of July 2, 2010)	2006	$5,000	$1,000

The Fund invests in foreign securities which will involve political, economic and currency risks, greater volatility, and differences in accounting methods. The Fund is non-diversified meaning its assets may be concentrated in fewer individual holdings than diversified funds. Therefore, the Fund is more exposed to individual stock volatility than diversified funds. The Fund also invests in smaller companies, which will involve additional risks such as limited liquidity and greater volatility.

Top Ten Holdings as of May 31, 2010

Company	Percent of Assets
1. WaterFurnace Renewable Energy Inc.	4.16%
2. PV Crystalox Solar PLC	3.68%
3. Hansen Transmissions International NV	3.56%
4. Renewable Energy Corp ASA	3.53%
5. SunPower Corp.	3.39%
6. Acciona SA	3.36%
7. Phoenix Solar AG	3.34%
8. Clipper Windpower PLC	3.17%
9. STR Holdings Inc.	3.16%
10. First Solar Inc.	3.15%

Top Industry Sectors as of May 31, 2010

Sector	Percentage
Solar	48.20%
Wind	28.40%
Efficiency	10.55%
Geothermal	6.57%
Hydro	3.14%
Biomass Energy	1.56%
Biofuel	.40%

Geographic Weight as of May 31, 2010

Country	Percentage
United States	24.96%
China	15.02%
Spain	12.16%
Germany	10.21%
Canada	8.08%
Britain	6.87%
Denmark	4.93%
Belgium	3.56%
Norway	3.53%
Brazil	3.14%

Archived Guiness Atkinson Alternative Energy Fund Data:
Top Ten Holdings as of May 31, 2010
Top Ten Holdings as of June 30, 2009