Fossil fuels are critical to feeding, clothing and transporting the world’s population of seven billion people – but demand is increasing just as our supply is increasingly in question. According to the US Energy Information Administration’s International Energy Outlook 2012, explosive development in China, India, Brazil and other emerging countries is predicted to grow energy demand by 91% by 2035. At the same time, the cost of finding and extracting the earth’s dwindling supply of fossil fuels is expected to escalate.

Our Global Energy Fund gives you an opportunity to potentially capitalize on these supply and demand trends, by investing in companies involved in traditional and new techniques for exploration, discovery, production and distribution of energy. Our Global Energy Fund invests in conventional energy resources, such as oil and natural gas, as well as alternative energy.

Global Energy Fund through 07/31/2014
Avg. Annualized
Total Return
Calendar YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
Monthly through
07/31/2014
12.63% 27.55% 5.01% 11.37% 13.61% 13.92%
Quarterly through
06/30/2014
20.22% 46.08% 7.33% 14.36% 14.79% 14.79%
Performance data quoted represents past performance and does not guarantee future results. The investment return 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 of the Funds may be lower or higher than the performance quoted. Total returns reflect a fee waiver in effect and in the absence of this waiver, the total returns would be lower. Performance data does not reflect the 2% redemption fee for shares held less than 30 days and if deducted the fee would reduce the performance quoted.

Fund holdings and/or sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

FUND HOLDINGS (as of 07/31/2014)
1.PetroChina Co. Ltd. 3.51%
2.Apache Corp 3.45%
3.Hess Corp. 3.43%
4.Royal Dutch Shell PLC 3.41%
5.Halliburton Co. 3.38%
6.Exxon Mobil Corp. 3.35%
7.Helix Energy Solutions Group Inc. 3.34%
8.Chevron Corp. 3.34%
9.Canadian Natural Resources Ltd 3.30%
10. Newfield Exploration Co. 3.25%
TOP INDUSTRY SECTORS (as of 07/31/2014)
Oil Company -Integrated 38.80%
Oil Company - Exploration & Production 38.46%
Oil - Field Services 10.83%
Oil Refining & Marketing 3.19%
Oil Field Mach & Equip 3.11%
Energy - Alternate Sources 2.78%
Oil & Gas Drilling 0.20%
Machinery 0.11%
GEOGRAPHIC WEIGHT (as of 07/31/2014)
United States 45.59%
United Kingdom 11.56%
Canada 11.25%
China 6.71%
Netherlands 3.41%
Norway 3.19%
Italy 3.18%
France 3.07%
Austria 3.05%
Russia 2.91%
Tim Guinness
Chief Investment Officer
Fund Manager

“Progress is exciting— it’s an opportunity to meet new and complex challenges. And every Guinness Atkinson Fund presents an opportunity to invest in progress.“

As a Founder and the Chief Investment Officer of Guinness Atkinson Funds, Tim Guinness is a logic-based value investor with nearly 40 years of experience. He believes in hard work and discipline, subjecting stocks to a gauntlet of due diligence. His investment strategy, a draw not only for investors but…

Read more of Tim Guinness's background >

“Progress is exciting— it’s an opportunity to meet new and complex challenges. And every Guinness Atkinson Fund presents an opportunity to invest in progress.“
Tim Guinness Chief Investment Officer, Fund Manager

As a Founder and the Chief Investment Officer of Guinness Atkinson Funds, Tim Guinness is a logic-based value investor with nearly 40 years of experience. He believes in hard work and discipline, subjecting stocks to a gauntlet of due diligence. His investment strategy, a draw not only for investors but also for those joining his team, involves a combination of crunching the numbers into a fine powder, constantly reviewing sectors and sub-sectors for profitability and growth potential, and staying sharply focused on the themes of global transformation and profound change.

Tim’s investment strategy also involves riding his bicycle to work in the morning – demonstrating a passion for life that equals his love for numbers. In fact, he founded the company on the basic principal that investment opportunities could be enhanced by focusing on specific global themes that are changing our lives today and will continue to do so long into the future. Tim and co-founder Jim Atkinson have an ongoing contest to see who can generate the most enthusiasm. Soon they will have to take out warehouse space to store it all.

Trend not to be overlooked: Energy demand growth in the developing world, which will likely be met by both traditional sources, like oil and gas, and renewable sources, like wind and solar.

Tim's Funds:
Global Energy Fund >
Global Innovators Fund >
Renminbi Yuan & Bond Fund >
Quick Stats

Tim Guinness has served as Guinness Atkinson’s Chairman and Chief Investment Officer since the firm’s founding in November 2002.

From 1999 to November 2002, he was Joint Chairman of Guinness Flight Global Asset Management, Ltd., and was the CEO from 1997 to 1999. While at Guinness Flight (which ultimately merged with Investec in 1998), Tim was a founding portfolio manager of the Global Equity Fund, which was established in 1985.

Tim graduated from Cambridge University with a degree in engineering. He then completed a Master’s Degree in Management Science at the Sloan School M.I.T. in the United States.

Will Riley
Fund Co-Manager

“Global energy concerns are going to be absolutely central to political and social decisions that are made over the next decade.“

Will Riley has a mind for finance and a passion for global energy. With over twelve years in finance and eight years of valuation analysis, his goal is to find the most attractive investments across the global energy spectrum. While mainstream energy is clearly an issue of central importance today, Will…

Read more of Will Riley's background >

“Global energy concerns are going to be absolutely central to political and social decisions that are made over the next decade.“
Will Riley Fund Co-Manager

Will Riley has a mind for finance and a passion for global energy. With over twelve years in finance and eight years of valuation analysis, his goal is to find the most attractive investments across the global energy spectrum.

While mainstream energy is clearly an issue of central importance today, Will believes that interest in the sector will increase markedly as the combination of growing demand and dwindling supply signals a continued rise in energy prices. His simple enjoyment of analysis and his enthusiasm for the market continually drive him to find lucrative opportunities. And while he can spend hours pouring over spreadsheets and analyzing data, he also thrives on the spirited debates of the Guinness Atkinson team—a cornerstone of our investment process.

Trend not to be overlooked: The breadth of growth in oil demand across the developing world, not just from China.

Will's Funds:
Global Energy Fund >
Quick Stats


2010
 Began co-managing the Global Energy Fund

2007
 Joined Guinness Atkinson in May, serving as a member of the energy investment team

2003
 Qualified as a Chartered Accountant

2000
 Joined PricewaterhouseCoopers; worked in the London Middle Market Assurance Team, then as a valuation specialist in the Valuation & Strategy Division

1999
 Graduated from Cambridge University with a Masters degree in Geography

 

Jonathan Waghorn
Fund Co-Manager

Jonathan Waghorn is well known and regarded in the energy sector for his rigorous and disciplined investment process. With over 17 years of experience working in the energy investment sector, his investment process is one that has been sharply honed. With a master’s degree in physics, Jonathan is able to bring…

Read more of Jonathan Waghorn's background >

Jonathan Waghorn Fund Co-Manager

Jonathan Waghorn is well known and regarded in the energy sector for his rigorous and disciplined investment process. With over 17 years of experience working in the energy investment sector, his investment process is one that has been sharply honed.

With a master’s degree in physics, Jonathan is able to bring a highly analytical and tactical approach to observing the always evolving energy market. As an accomplished energy equity researcher and portfolio manager, he thrives on analyzing data trends in order to find exciting investment opportunities. His unrivaled passion for energy and its importance in the ongoing evolution of the world’s population makes him a valuable member of the Guinness Atkinson team.

 

Trend not to be overlooked: the inability of the world’s producing countries to deliver sufficient oil and gas volumes to satisfy the long term demand outlook

 

References to other funds should not be considered an offer of these securities.

Jonathan's Funds:
Energy >
Quick Stats

 

1995 – Graduated from University of Bristol with a Masters degree in physics.

1996 – Drilling engineer for Shell International in the Netherlands

1998 – Oil and gas research analyst for Wood Mackenzie Global Consultants

2000 –Oil and gas equity analyst for Goldman Sachs International

2008 – Became co-portfolio manager of Investec Global Energy Funds.

2013 – Joined Guinness Atkinson as co-portfolio manager of Global Energy Fund.

 

References to other funds should not be considered an offer of these securities.