Firsthand Alternative Energy (ALTEX)

7.01
Net Asset Value
+0.86%
1 Day
+8.51%
Year-to-Date
Overall Morningstar Rating
Technology
Style or Category
No Load
Sales Expenses
2.02%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. The fund normally invests at least 80% of its assets in alternative energy and alternative energy technology companies, both U.S. and international. It may purchase stocks of any capitalization, including, but not limited to, large-cap, mid-cap or small-cap stocks. The fund's international stock investments may include stocks of companies based in or doing substantial business in both developed markets and emerging markets. It may also from time to time, as part of its principal investment strategies, invest a substantial portion of its assets in cash or cash equivalents. The fund is non-diversified.

Performance

1 month+1.01% 3 years+18.34%
3 months+14.92% 5 years-2.41%
1 year-2.77% Since inception-5.10%
Data through --

Peer Comparisonvs. Technology

 ALTEXCategory
Performance 5-yr return-2.41%+13.54%
Expense ratio2.02%1.58%
Risk 5 year sharpe ratio0.040.84
Net assets$8.7M$833.7M
Average market cap$6.0B$40.3B
Average P/E20.722.0
Portfolio turnover57%57%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyFirsthand Funds
Fund manager & tenureKevin Landis / 7 Years
Minimal initial investment$2,000.00
Minimum IRA investment$2,000.00

Holdings

U.S. stock83.18%
International stock17.05%
Fixed income0.01%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Hardware 56.71%
Industrial materials 27.84%
Telecommunication 6.75%
Consumer goods 6.26%
Utilities 2.45%
Top 10 Holdings
Portfolio weighting
SCTY SolarCity Corp7.58%
SPWR SunPower Corp7.30%
CREE Cree Inc7.03%
SUNE Sunedison Inc6.62%
POWI Power Integrations Inc6.09%
JCI Johnson Controls Inc5.38%
FSLR First Solar Inc4.86%
CVA Covanta Holding Corp4.80%
ABB ABB Ltd4.61%
HON Honeywell4.45%

To view my watchlist

Not a member yet?

Sign up now for a free account