Guinness Sustainable Energy Fund
The Guinness Sustainable Energy strategy is managed for capital growth and invests in companies involved in the generation, storage, efficiency and consumption of sustainable energy sources (such as solar, wind, hydro, geothermal, biofuels and biomass).
Overview
The Guinness Sustainable Energy strategy is managed for capital growth and invests in companies involved in the generation, storage, efficiency and consumption of sustainable energy sources (such as solar, wind, hydro, geothermal, biofuels and biomass).
We believe that over the next twenty years the sustainable energy sector will benefit from the combined effects of:
- Demand growth - The electrification of transportation and improved energy storage economics brings attractive long-term sustainable energy demand growth
- Improving Economics - Sustainable energy sources have become cost competitive with power from fossil fuels; we expect the cost of supply to continue to fall
- Public & Private Support - Both governments and companies are pursuing sustainable energy in order to achieve mandated carbon targets or to improve public perception
- Low current exposure - Poor profitability and need for subsidies has kept the weight of sustainable energy in global indices and broad global equity funds at a low level
Sustainability Theme - The sustainable energy sector offers ‘green’ credentials that some investors are targeting to help facilitate global de-carbonisation and to reduce carbon intensity of their portfolios
Investment Team
High quality funds are run by high quality people.
We pride ourselves of having a collegial culture, with teams across the business successfully working together to achieve positive outcomes for our investors.
How to Invest
We’ve tried to make investing in our Funds as simple as possible. All of our funds are available to invest directly via an application form, we also have good availability across a number of investment supermarkets whilst being eligible for ISAs & SIPPs.
PROPELLED BY DEMAND
FUN FACT
Q: How fast can a dolphin swim without a propeller?
A: A dolphin can travel at up to 60kmh (37mph)
Investment Case
The Guinness Sustainable Energy strategy is positioned to benefit from the many opportunities associated with the sustainable energy transition. We identify four sub-sectors and have assembled a proprietary investment universe of around 200 companies with critical mass that are most directly exposed to them:
- Displacement: displacement or more efficient usage of hydrocarbon-based energy
- Electrification: the switching of hydrocarbon-based fuel demand towards electricity, especially for electric vehicles
- Installation: the manufacture of equipment for the generation and consumption of sustainable energy
- Generation: the production of sustainable energy, either pureplay companies or those transitioning from hydrocarbon-based fuels
We conduct rigorous independent analysis of the fundamental drivers of sustainable energy markets: energy commodity prices; sustainable energy technology research and development; installation and equipment prices; political and economic support for the sector; government and private sector demand. This allows us to form a top-down view, which in turn informs our industry energy sub-sector allocation.
The team operates a disciplined stock screening process. We review our investment universe each week to identify companies which look attractive on return on investment, valuation, earnings sentiment and price momentum. We also use sub-sector specific screens. Ideas generated by screening are then subjected to due diligence centred around detailed financial modelling.
The portfolio comprises around 30 equally weighted positions. This portfolio construction is designed to create a balance between maintaining fund concentration and managing stock-specific risk, and there is no reference to the benchmark. The portfolio is liquid, with 90% of the Fund normally invested in companies with a market capitalisation over US $500 million.
Why invest in the Guinness Sustainable Energy Fund?
Concentrated Exposure
The Guinness Sustainable Energy fund aims to deliver investment returns via equal weighted, concentrated exposure to 30 sustainable energy companies; available in a daily traded UCITS structure.
Specialist Team
The Guinness Energy Team has 20 years of experience of running energy investment strategies in a consistent manner and providing insight for investors into the energy markets.
Investment Process
The Fund is run using a Top Down and Bottom Up investment process based on an internally created Universe of 179 Sustainable Energy companies with detailed valuation models.
Valuation Opportunity
The fund selects the most attractive equities in the Universe and it displays growth together with higher return on capital, lower valuation multiple and stronger balance sheets than the MSCI World Index.
Sustainability Theme
The Guinness Sustainable Energy Fund offers ‘green’ credentials that some investors might use to help facilitate.
Investment process
We conduct rigorous independent analysis of the fundamental drivers of sustainable energy markets: energy commodity prices; sustainable energy technology research and development; installation and equipment prices; political and economic support for the sector; government and private sector demand. This allows us to analyse likely demand for sustainable energy equipment and services and creates our top-down view, which in turn informs our industry energy sub-sector allocation. Analysis of the key drivers of growth, scarcity, barriers to entry and economics informs our weighting to our internally generated Sustainable Energy subsectors.
Top-down views
We conduct rigorous independent analysis of the fundamental drivers of sustainable energy markets: energy commodity prices; sustainable energy technology research and development; installation and equipment prices; political and economic support for the sector; government and private sector demand. This allows us to analyse likely demand for sustainable energy equipment and services and creates our top-down view, which in turn informs our industry energy sub-sector allocation. Analysis of the key drivers of growth, scarcity, barriers to entry and economics informs our weighting to our internally generated Sustainable Energy subsectors
Bottom-up stock screening
The team operates a disciplined stock screening process. We review a universe of around 179 sustainable energy stocks each week to identify companies which look attractive on their return on investment, valuation, earnings sentiment and price momentum. Other sub-sector specific screens are also employed to generate ideas.
Stock due diligence
Stock ideas are taken from our screens. We then conduct due diligence to establish whether we have conviction to include the stock in our portfolio. The due diligence centres around detailed financial modelling.
Portfolio construction
Equally-weighted portfolio
The portfolio comprises around 30 equally-weighted positions. Our equally-weighted portfolio construction is designed to create a balance between maintaining fund concentration and managing stock-specific risk. It also imposes a structural sell discipline: an existing position must be sold to purchase a new holding.
Sector weights
There is no benchmark adherence in the Fund’s sub-sector weights.
Portfolio Risk Controls
Stock specific risk
Stock specific risk in the sustainable energy sector tends to be higher than the broader market. By constructing the fund of 30 equally weighted positions, we avoid significant exposure to any one individual stock.
Liquidity
The portfolio is liquid, with 90% of the Fund normally invested in companies with a market capitalisation over US $500 million.
Currency
The Fund is not hedged from a currency perspective.
Updates
KIIDS
| Fund | Class | ISIN | English | French | German | Spanish | Italian | Swedish | Finnish |
|---|---|---|---|---|---|---|---|---|---|
| Guinness Sustainable Energy Fund | C EUR Acc | IE00BGHQF417 | Download | Download | Download | Download | Download | Download | Download |
| Guinness Sustainable Energy Fund | C GBP Acc | IE00B3CCJ633 | Download | Download | Download | Download | Download | Download | |
| Guinness Sustainable Energy Fund | C USD Acc | IE00B2PGVK34 | Download | Download | Download | Download | Download | Download | |
| Guinness Sustainable Energy Fund | D EUR Acc | IE00B3CCJ740 | Download | Download | Download | Download | Download | Download | |
| Guinness Sustainable Energy Fund | D USD Acc | IE00B2PGVJ29 | Download | Download | Download | Download | Download | Download | |
| Guinness Sustainable Energy Fund | I USD Acc | IE00BMYPNB63 | Download | ||||||
| Guinness Sustainable Energy Fund | Y EUR Acc | IE00BFYV9M80 | Download | Download | Download | Download | Download | ||
| Guinness Sustainable Energy Fund | Y GBP Acc | IE00BFYV9L73 | Download | ||||||
| Guinness Sustainable Energy Fund | Y USD Acc | IE00BFYV9N97 | Download | Download | Download | Download | Download |
Fund Facts
For information on the Fund’s current investments, please see the latest fact sheet available on the literature tab above.
Will Riley (28/02/2019)
Share Classes
For full information on the share classes available for investment please refer to the Key Investor Information document.
Share Prices
The Funds are priced every working day at 23.00 Dublin time and updated here the following day.
| Fund name | Isin | Fund price | (+/-) | Date |
|---|---|---|---|---|
| GUINNESS GLOBAL EQUITY INCOME FUND D USD DISTRIBUTION | IE00B3QG6N78 | 17.0444 | 0.4955 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND C USD DISTRIBUTION | IE00B42XCP33 | 16.0921 | 0.4676 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND C GBP DISTRIBUTION | IE00B3PB1722 | 22.1133 | 0.4085 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND D EUR DISTRIBUTION | IE00B66B5L40 | 23.0206 | 0.3528 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND Z GBP DISTRIBUTION | IE00B754QH41 | 25.6853 | 0.4753 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND C EUR ACCUMULATION | IE00BGHQF631 | 22.2383 | 0.3405 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND C GBP ACCUMULATION | IE00BVYPNV92 | 20.5478 | 0.3796 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND C USD ACCUMULATION | IE00BVYPNW00 | 15.6788 | 0.4556 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND Y EUR ACCUMULATION | IE00BVYPNZ31 | 17.9864 | 0.2759 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND Y EUR DISTRIBUTION | IE00BVYPP024 | 14.661 | 0.2249 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND Y GBP ACCUMULATION | IE00BVYPNY24 | 22.1623 | 0.41 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND Y GBP DISTRIBUTION | IE00BVYPP131 | 18.1013 | 0.3348 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND Y USD ACCUMULATION | IE00BVYPNX17 | 16.9121 | 0.4919 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND Y USD DISTRIBUTION | IE00BVYPP248 | 13.7733 | 0.4006 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND C EUR DISTRIBUTION | IE00BDGV0183 | 14.1168 | 0.2161 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND D EUR ACCUMULATION | IE00BDGV0290 | 16.8159 | 0.2577 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND I USD DISTRIBUTION | IE00BGK8P991 | 12.326 | 0.3584 | 04/10/2022 |
| GUINNESS GLOBAL EQUITY INCOME FUND I USD ACCUMULATION | IE00BJBK7883 | 11.4544 | 0.3331 | 04/10/2022 |
| GUINNESS GLOBAL MONEY MANAGERS FUND C USD ACCUMULATION | IE00B3QW5Z07 | 18.0042 | 0.8365 | 04/10/2022 |
| GUINNESS GLOBAL MONEY MANAGERS FUND C GBP ACCUMULATION | IE00B64PRP62 | 24.8058 | 0.8946 | 04/10/2022 |
| GUINNESS GLOBAL MONEY MANAGERS FUND Y EUR ACCUMULATION | IE00B68GW162 | 26.1325 | 0.8623 | 04/10/2022 |
| GUINNESS GLOBAL MONEY MANAGERS FUND Y USD ACCUMULATION | IE00B3NSFR34 | 19.8874 | 0.9247 | 04/10/2022 |
| GUINNESS GLOBAL MONEY MANAGERS FUND Y GBP ACCUMULATION | IE00B7MJHM43 | 29.6414 | 1.07 | 04/10/2022 |
| GUINNESS GLOBAL MONEY MANAGERS FUND C EUR ACCUMULATION | IE00BGHQF748 | 15.927 | 0.525 | 04/10/2022 |
| GUINNESS GLOBAL MONEY MANAGERS FUND I USD ACCUMULATION | IE00BMYPMW02 | 9.9454 | 0.4625 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND C EUR ACCUMULATION | IE00BGHQDW50 | 14.9704 | 0.5003 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND Z GBP DISTRIBUTION | IE00BGHQF300 | 13.6943 | 0.5007 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND C GBP ACCUMULATION | IE00BVYPNS63 | 15.1075 | 0.5517 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND C USD ACCUMULATION | IE00BVYPNT70 | 11.5479 | 0.5418 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP ACCUMULATION | IE00BYVHVZ98 | 11.3263 | 0.4139 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND Y GBP DISTRIBUTION | IE00BYVHWJ06 | 9.8198 | 0.3589 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR ACCUMULATION | IE00BYVHW019 | 11.5349 | 0.3858 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND Y EUR DISTRIBUTION | IE00BYVHW126 | 9.9916 | 0.3342 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND Y USD ACCUMULATION | IE00BYVHW233 | 9.3662 | 0.4396 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND Y USD DISTRIBUTION | IE00BYVHW340 | 8.0876 | 0.3796 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND I USD ACCUMULATION | IE00BMYPN382 | 8.8663 | 0.4161 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND I USD DISTRIBUTION | IE00BMYPN499 | 8.3805 | 0.3933 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND C EUR DISTRIBUTION | IE000AHX6WT2 | 8.1272 | 0.2716 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND C GBP DISTRIBUTION | IE000N9K9CQ4 | 8.3554 | 0.305 | 04/10/2022 |
| GUINNESS EUROPEAN EQUITY INCOME FUND C USD DISTRIBUTION | IE000RAMYLN7 | 6.8242 | 0.3201 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND C EUR ACCUMULATION | IE00BGHQDM52 | 18.064 | 0.0463 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND CLASS Z GBP DISTRIBUTION | IE00BGHQDV44 | 15.1006 | 0.0876 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND C GBP ACCUMULATION | IE00BVYPNP33 | 15.501 | 0.0894 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND C USD ACCUMULATION | IE00BVYPNQ40 | 11.8261 | 0.195 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR ACCUMULATION | IE00BDHSRG22 | 11.7827 | 0.0306 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND CLASS Y EUR DISTRIBUTION | IE00BDHSRH39 | 9.6608 | 0.025 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP ACCUMULATION | IE00BDHSRD90 | 12.1784 | 0.0706 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND CLASS Y GBP DISTRIBUTION | IE00BDHSRF15 | 10.0039 | 0.058 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD ACCUMULATION | IE00BDHSRJ52 | 10.7376 | 0.1774 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND CLASS Y USD DISTRIBUTION | IE00BDHSRK67 | 8.7964 | 0.1453 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND I USD ACCUMULATION | IE00BMYPN051 | 8.5365 | 0.141 | 04/10/2022 |
| GUINNESS ASIAN EQUITY INCOME FUND I USD DISTRIBUTION | IE00BMYPN168 | 8.0553 | 0.1331 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND C GBP ACCUMULATION | IE00BQXX3C00 | 23.0172 | 0.5496 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND C EUR ACCUMULATION | IE00BQXX3D17 | 20.6442 | 0.4281 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND C USD ACCUMULATION | IE00BQXX3F31 | 16.4059 | 0.5644 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND Y GBP ACCUMULATION | IE00BQXX3K83 | 24.9513 | 0.5965 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND Y EUR ACCUMULATION | IE00BQXX3L90 | 22.3547 | 0.4642 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND Y USD ACCUMULATION | IE00BQXX3M08 | 17.8326 | 0.614 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND Z GBP ACCUMULATION | IE00BQXX3N15 | 25.4042 | 0.6074 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND Z EUR ACCUMULATION | IE00BQXX3P39 | 22.7755 | 0.473 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND Z USD ACCUMULATION | IE00BQXX3Q46 | 18.1068 | 0.6236 | 04/10/2022 |
| GUINNESS GLOBAL INNOVATORS FUND I USD ACCUMULATION | IE00BMYPNG19 | 8.5812 | 0.2955 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND CLASS C EUR ACCUMULATION | IE00BZ08YS42 | 12.5822 | -0.1132 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND CLASS C GBP ACCUMULATION | IE00BZ08YR35 | 15.1496 | -0.0873 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND CLASS C USD ACCUMULATION | IE00BZ08YT58 | 11.4875 | 0.0585 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND CLASS Y EUR ACCUMULATION | IE00BZ08YW87 | 13.3395 | -0.1196 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND CLASS Y GBP ACCUMULATION | IE00BZ08YV70 | 16.0446 | -0.0919 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND CLASS Y USD ACCUMULATION | IE00BZ08YX94 | 12.1367 | 0.0622 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND CLASS Z GBP ACCUMULATION | IE00BZ08YY02 | 16.5294 | -0.0944 | 04/10/2022 |
| GUINNESS BEST OF CHINA FUND I USD ACCUMULATION | IE00BMYPNC70 | 7.3009 | 0.0374 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD ACCUMULATION | IE00BYV24P56 | 11.5207 | 0.2297 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP ACCUMULATION | IE00BYV24Q63 | 13.0892 | 0.1215 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y GBP DISTRIBUTION | IE00BYV24R70 | 10.9305 | 0.1015 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR ACCUMULATION | IE00BYV24S87 | 12.7831 | 0.0779 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y EUR DISTRIBUTION | IE00BYV24T94 | 10.6625 | 0.0649 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD ACCUMULATION | IE00BYV24V17 | 12.1783 | 0.2432 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND Y USD DISTRIBUTION | IE00BYV24W24 | 10.147 | 0.2025 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND Z GBP DISTRIBUTION | IE00BYV24X31 | 11.2411 | 0.1045 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR ACCUMULATION | IE00BMCWC346 | 10.0923 | 0.0611 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP ACCUMULATION | IE00BMCWC239 | 9.7143 | 0.0899 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD ACCUMULATION | IE00BMYPND87 | 8.4261 | 0.1682 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND I USD DISTRIBUTION | IE00BMYPNF02 | 7.9487 | 0.1587 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND C EUR DISTRIBUTION | IE0009746VI0 | 8.8456 | 0.0536 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND C GBP DISTRIBUTION | IE000UPHOYQ6 | 9.0889 | 0.0841 | 04/10/2022 |
| GUINNESS EMERGING MARKETS EQUITY INCOME FUND C USD DISTRIBUTION | IE000XFJTUO9 | 7.427 | 0.148 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND C GBP ACCUMULATION | IE00BF2VFX37 | 10.0297 | 0.0787 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND Y GBP ACCUMULATION | IE00BF2VFY44 | 10.5281 | 0.083 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND Y EUR ACCUMULATION | IE00BF2VFZ50 | 10.7035 | 0.0503 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND Y USD ACCUMULATION | IE00BF2VG076 | 8.935 | 0.1661 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND Z GBP ACCUMULATION | IE00BF2VG183 | 10.6611 | 0.0841 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND I USD ACCUMULATION | IE00BMYPN275 | 7.7543 | 0.1441 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND C EUR ACCUMULATION | IE000IYIWG07 | 8.1993 | 0.0382 | 04/10/2022 |
| GUINNESS BEST OF ASIA FUND C USD ACCUMULATION | IE0004NN3YY8 | 6.8986 | 0.128 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND C GBP ACCUMULATION | IE00BG5QQP10 | 12.5114 | 0.2216 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND C EUR ACCUMULATION | IE00BG5QQQ27 | 12.9157 | 0.1884 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND C EUR HEDGED ACCUMULATION | IE00BG5QQR34 | 10.9536 | 0.1927 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND C USD ACCUMULATION | IE00BG5QQS41 | 11.2475 | 0.3185 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND C USD HEDGED ACCUMULATION | IE00BG5QRJ25 | 11.4893 | 0.2039 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND O GBP ACCUMULATION | IE00BG5QRK30 | 12.9146 | 0.2292 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND O EUR ACCUMULATION | IE00BG5QRL47 | 13.3376 | 0.1949 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND O EUR HEDGED ACCUMULATION | IE00BG5QRM53 | 11.2723 | 0.1986 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND O USD ACCUMULATION | IE00BG5QRN60 | 11.6103 | 0.329 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND O USD HEDGED ACCUMULATION | IE00BG5QRP84 | 11.776 | 0.2095 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND R GBP ACCUMULATION | IE00BG5QRQ91 | 12.4186 | 0.22 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND R EUR ACCUMULATION | IE00BG5QRR09 | 12.823 | 0.187 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND R EUR HEDGED ACCUMULATION | IE00BG5QRS16 | 10.8745 | 0.1912 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND R USD ACCUMULATION | IE00BG5QRT23 | 11.1552 | 0.3157 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND R USD HEDGED ACCUMULATION | IE00BG5QRV45 | 11.4191 | 0.2027 | 04/10/2022 |
| GUINNESS MULTI-ASSET GROWTH FUND Y GBP ACCUMULATION | IE00BG5QRW51 | 13.0811 | 0.2322 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND C GBP ACCUMULATION | IE00BG5QQV79 | 12.1066 | 0.1651 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND C EUR ACCUMULATION | IE00BG5QQW86 | 12.4982 | 0.1312 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND C EUR HEDGED ACCUMULATION | IE00BG5QQX93 | 10.708 | 0.1448 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND C USD ACCUMULATION | IE00BG5QQY01 | 10.8834 | 0.2643 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND C USD HEDGED ACCUMULATION | IE00BG5QQZ18 | 11.2037 | 0.1528 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND O GBP ACCUMULATION | IE00BG5QR034 | 12.497 | 0.1708 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND O EUR ACCUMULATION | IE00BG5QR141 | 12.9044 | 0.1358 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND O EUR HEDGED ACCUMULATION | IE00BG5QR257 | 11.0319 | 0.1495 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND O USD ACCUMULATION | IE00BG5QR364 | 11.2336 | 0.273 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND O USD HEDGED ACCUMULATION | IE00BG5QR471 | 11.5447 | 0.1577 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND R GBP ACCUMULATION | IE00BG5QR588 | 12.0142 | 0.1638 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND R EUR ACCUMULATION | IE00BG5QR695 | 12.4071 | 0.1299 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND R EUR HEDGED ACCUMULATION | IE00BG5QR703 | 10.6437 | 0.1439 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND R USD ACCUMULATION | IE00BG5QR810 | 10.7925 | 0.262 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND R USD HEDGED ACCUMULATION | IE00BG5QR927 | 11.1827 | 0.1524 | 04/10/2022 |
| GUINNESS MULTI-ASSET BALANCED FUND Y GBP ACCUMULATION | IE00BG5QRB49 | 12.6522 | 0.173 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z USD ACCUMULATION | IE00BN0W3529 | 9.3499 | 0.3249 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z GBP ACCUMULATION | IE00BN0W3305 | 10.9928 | 0.2662 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Z EUR ACCUMULATION | IE00BN0W3412 | 11.4147 | 0.2405 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I GBP ACCUMULATION | IE00BN0W2X30 | 10.9348 | 0.2646 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I EUR ACCUMULATION | IE00BN0W2Y47 | 11.3599 | 0.2394 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND I USD ACCUMULATION | IE00BN0W2Z53 | 9.3039 | 0.3231 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y GBP ACCUMULATION | IE00BN0W3073 | 10.937 | 0.2647 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y EUR ACCUMULATION | IE00BN0W3180 | 11.3606 | 0.2393 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND Y USD ACCUMULATION | IE00BN0W3297 | 9.3058 | 0.3232 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C GBP ACCUMULATION | IE00BN0W2T93 | 10.7252 | 0.2592 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C EUR ACCUMULATION | IE00BN0W2V16 | 11.1405 | 0.2344 | 04/10/2022 |
| GUINNESS SUSTAINABLE GLOBAL EQUITY FUND C USD ACCUMULATION | IE00BN0W2W23 | 9.1277 | 0.3168 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND D USD ACCUMULATION | IE00B2PGVJ29 | 4.836 | 0.1742 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND C USD ACCUMULATION | IE00B2PGVK34 | 4.4905 | 0.1617 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND C GBP ACCUMULATION | IE00B3CCJ633 | 9.0913 | 0.2318 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND D EUR ACCUMULATION | IE00B3CCJ740 | 9.0823 | 0.2031 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND C EUR ACCUMULATION | IE00BGHQF417 | 18.285 | 0.4089 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND Y GBP ACCUMULATION | IE00BFYV9L73 | 23.2967 | 0.5947 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND Y EUR ACCUMULATION | IE00BFYV9M80 | 23.6445 | 0.5294 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND Y USD ACCUMULATION | IE00BFYV9N97 | 18.9208 | 0.6819 | 04/10/2022 |
| GUINNESS SUSTAINABLE ENERGY FUND I USD ACCUMULATION | IE00BMYPNB63 | 10.0198 | 0.3611 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND D USD ACCUMULATION | IE00B2Q91T05 | 7.9533 | 0.2994 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND C USD ACCUMULATION | IE00B2Q91V27 | 7.4845 | 0.2817 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND C GBP ACCUMULATION | IE00B3CCJ963 | 12.0829 | 0.3279 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND D EUR ACCUMULATION | IE00B3CCJB88 | 12.0694 | 0.2899 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND Y USD ACCUMULATION | IE00B3CCJC95 | 8.5898 | 0.3235 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND Y GBP ACCUMULATION | IE00B6XV0016 | 11.7133 | 0.3182 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND C EUR ACCUMULATION | IE00BGHQF524 | 9.4892 | 0.2278 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND Y USD DISTRIBUTION | IE00BG6L7638 | 6.5561 | 0.2469 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND Y EUR ACCUMULATION | IE00BFMGVR44 | 10.9028 | 0.2621 | 04/10/2022 |
| GUINNESS GLOBAL ENERGY FUND I USD ACCUMULATION | IE00BMYPN507 | 16.9202 | 0.6372 | 04/10/2022 |
| TB Guinness UK Equity Income Fund O Overseas Income | GB00BYX94G55 | 73.99 | -0.01 | 04/08/2022 |
| TB Guinness UK Equity Income Fund O Overseas Accumulation | GB00BYX94F49 | 91.23 | -0.03 | 04/08/2022 |
| TB Guinness UK Equity Income Fund Y Clean Income | GB00BYX94J86 | 78.96 | -0.01 | 04/08/2022 |
| TB Guinness UK Equity Income Fund Y Clean Accumulation | GB00BYX94H62 | 96.61 | -0.03 | 04/08/2022 |
| TB Guinness UK Equity Income Fund Z Early Investor Income | GB00BYX94L09 | 79.61 | -0.02 | 04/08/2022 |
| TB Guinness UK Equity Income Fund Z Early Investor Accumulation | GB00BYX94K91 | 97.65 | -0.02 | 04/08/2022 |
| TB Guinness Global Equity Income Fund Y Income GBP | GB00BNGFN669 | 127.45 | 1.28 | 04/08/2022 |
| TB Guinness Global Equity Income Fund Y Accumulation GBP | GB00BNGFN776 | 133 | 1.35 | 04/08/2022 |
| TB Guinness Asian Equity Income Fund Y Income GBP | GB00BMFKG774 | 91.21 | 0.74 | 04/08/2022 |
| TB Guinness Asian Equity Income Fund Y Accumulation GBP | GB00BMFKG667 | 96.02 | 0.78 | 04/08/2022 |