Guinness Atkinson K-Beauty ETF is a passively managed, non-diversified exchange-traded fund that seeks to track the performance of the Indxx K-Beauty Index before fees and expenses. The fund invests primarily in South Korean companies involved in the global beauty and personal-care industry, including cosmetics and skincare brands, original design and contract manufacturers, beauty product distributors and retailers, and aesthetic and dermatological product and device providers. Under normal market conditions, at least 80% of its net assets are invested in securities of companies associated with the Korean beauty value chain. The fund provides exposure to businesses benefiting from international demand for Korean beauty products and skincare technologies.