GAAEX

Alternative Energy Fund

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Designed to provide exposure to companies driving the transition to renewable energy.

The Case for Alternative Energy

Energy demand is rising, fueled by the rapid growth of AI data centers, expanding populations, and the accelerating adoption of electric vehicles. At the same time, technology advances and the shift toward cleaner energy sources are creating long-term opportunities for companies at the forefront of the energy transition.

Why GAAEX is Potentially a Good Investment Idea

As global energy demand rises and the transition to cleaner sources accelerates, the Alternative Energy Fund offers investors a way to pursue long-term capital appreciation through companies leading the shift to renewable energy and greater efficiency.

Fund Description

  • Seeks long-term capital appreciation by investing in publicly listed companies worldwide in the alternative and renewable energy industry.
  • Includes exposure to companies engaged in solar, wind, hydroelectric, bio-fuels, and other innovative technologies.
  • Invests in businesses developing more efficient energy infrastructure, storage, and distribution methods.
  • Focuses on firms leading the transition to a more sustainable and diversified global energ future.
Based on Risk Adjusted returns.

Performance data quoted represents past performance and does not guarantee future results. Investment returns and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance data for the most recent month-end is available above.

Fund holdings ans sector allocations are subject to change.

GAAEX Top Holdings
as of 05/31/2026
Net Assets %
Ticker
Name
Description
Market Price ($)
Shares Held
Market Value ($)
CUSIP
5.25%
Infineon Technologies AG
11,739
4.45%
Prysmian SpA
5,449
4.41%
Iberdrola SA
41,027
4.33%
Amphenol Corp
6,152
4.30%
Legrand SA
5,278
4.23%
Eaton Corp PLC
2,231
4.20%
Schneider Electric SE
2,824
4.15%
Siemens AG
2,787
4.03%
First Solar Inc
2,778
4.02%
NXP Semiconductors NV
2,646
GAAEX Industry Sectors
as of 05/31/2026
Net Assets %
Industry
39.70%
Electrification
18.62%
Renewable Equipment Manufacturing
14.82%
Renewable Energy Generation
12.33%
Energy Efficiency
6.36%
Industrial
4.02%
Technology
0.53%
Automobiles & Components
GAAEX Geographic Weight
as of 05/31/2026
Net Assets %
Country
44.53%
United States
11.79%
France
9.40%
Germany
4.45%
Italy
4.41%
Spain
4.02%
Netherlands
3.59%
China
2.93%
United Kingdom
2.65%
Sweden
2.54%
Ireland

1 The Advisor has contractually agreed to reduce its fees and/or pay Fund expenses (excluding Acquired Fund Fees and Expenses, interest, taxes, dividends on short positions and extraordinary expenses) in order to limit the Fund’s Total Annual Operating Expenses to 1.10% through June 30, 2029. This contractual arrangement may be terminated by the Board of the Fund at any time without penalty upon 60 days’ notice.

2 The 30 Day SEC Yield represents net investment income earned by the Fund over the 30 Day period, expressed as annual percentage rate based on the Fund’s share price at the end of the 30 Day period. The 30-Day unsubsidized SEC yield does not reflect any fee waivers/reimbursements/limits in effect.

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Do you have questions or require additional information? You can reach us by filling out this form or using the contact information below.

Guinness Atkinson Funds

Mutual Fund Investors
(800) 915.6566
[email protected]

ETF Investors
(866) 307 – 5990
[email protected]

Media Inquiries
Victoria Odinotska, KANTER PR
(703) 685 – 9232

Guinness Atkinson Funds HQ
251 South Lake Avenue
Suite 800
Pasadena, CA 91101

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