Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Mutualfunds logo

ALTEX Firsthand Alternative Energy

  • Fund
  • ALTEX
  • Price as of: Nov 19, 2018
  • $5.90
  • - $0.07
  • - 1.17%
  • Category
  • Energy Equities

ALTEX - Profile

Vitals

  • YTD Return -12.2%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -1.4%
  • Net Assets $4.5 M
  • Holdings in Top 10 57.0%

52 WEEK LOW AND HIGH

$5.90
$5.52
$7.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.15%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$2,000

Investment Themes

CATEGORY

Energy Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Technology

Distributions

  • YTD Total Return -12.2%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.30%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Firsthand Alternative Energy Fund
  • Fund Family Name Firsthand Funds
  • Inception Date Oct 29, 2007
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Kevin M. Landis

Fund Description

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.

ALTEX - Performance

Return Ranking - Trailing

Period ALTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -12.2% -37.0% 24.9% 44.19% 3
1 Yr -15.5% -18.8% 30.1% 89.53% 5
3 Yr 0.4% * -22.6% 13.6% 22.09% 2
5 Yr -1.4% * -20.4% 7.8% 8.11% 1
10 Yr -0.6% * -8.2% 9.0% 60.00% 3

* Annualized


Return Ranking - Calendar

Period ALTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 27.0% -39.4% 51.1% 12.79% 1
2016 -9.3% -35.6% 47.5% 80.23% 5
2015 -9.8% -61.4% 0.0% 6.98% 1
2014 -0.2% -45.9% 34.0% 18.42% 1
2013 93.7% -3.0% 93.7% 1.41% 1

Total Return Ranking - Trailing

Period ALTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -12.2% -25.7% 24.9% 44.71% 3
1 Yr -15.5% -19.7% 30.1% 85.88% 5
3 Yr 0.4% * -23.5% 13.6% 17.65% 1
5 Yr -1.4% * -20.7% 7.8% 6.76% 1
10 Yr -0.6% * -8.2% 9.0% 68.33% 4

* Annualized


Total Return Ranking - Calendar

Period ALTEX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 27.0% -39.4% 51.1% 12.94% 1
2016 -9.3% -35.6% 47.9% 82.35% 5
2015 -9.8% -60.1% -2.7% 5.88% 1
2014 -0.2% -43.7% 34.2% 17.33% 1
2013 93.7% -0.4% 93.7% 1.43% 1

NAV & Total Return History

ALTEX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

ALTEX Category Low Category High ALTEX % Rank Quintile
Net Assets 4.5 M 4.5 M 8.45 B 39.53% 5
Number of Holdings 37 27 178 23.26% 4
Net Assets in Top 10 2.82 M 2.82 M 4.1 B 39.53% 5
Weighting of Top 10 57.0% 10.1% 69.1% 11.63% 2

Top 10 Holdings

  1. First Solar Inc 6.85%
  2. Power Integrations Inc 7.41%
  3. Honeywell International Inc 5.32%
  4. Itron Inc 7.22%
  5. 3M Co 4.26%
  6. SolarEdge Technologies Inc 5.33%
  7. Royal Philips NV ADR 5.31%
  8. Cree Inc 6.12%
  9. Corning Inc 4.61%
  10. Praxair 4.55%

Asset Allocation

Weighting Category Low Category High ALTEX % Rank Quintile
Stocks
99.81% 89.14% 110.03% 9.30% 1
Cash
0.13% -0.03% 12.08% 30.23% 4
Other
0.04% -22.31% 0.92% 6.98% 1
Preferred Stocks
0.02% 0.00% 3.67% 2.33% 1
Convertible Bonds
0.00% 0.00% 0.50% 2.33% 5
Bonds
0.00% 0.00% 6.51% 10.47% 5

Stock Sector Breakdown

Weighting Category Low Category High ALTEX % Rank Quintile
Technology
48.54% 0.00% 48.54% 1.16% 1
Industrials
31.42% 0.00% 55.05% 2.33% 1
Healthcare
8.80% 0.00% 9.99% 2.33% 1
Basic Materials
3.29% 0.00% 48.94% 11.63% 2
Utilities
3.21% 0.00% 26.36% 6.98% 1
Real Estate
0.00% 0.00% 1.07% 5.81% 5
Financial Services
0.00% 0.00% 0.37% 2.33% 5
Energy
0.00% 0.00% 108.07% 39.53% 5
Communication Services
0.00% 0.00% 0.00% 1.16% 5
Consumer Defense
0.00% 0.00% 11.34% 6.98% 5
Consumer Cyclical
0.00% 0.00% 6.82% 9.30% 5

Stock Geographic Breakdown

Weighting Category Low Category High ALTEX % Rank Quintile
US
75.61% 23.31% 101.38% 20.93% 3
Non US
24.20% 0.00% 73.74% 18.60% 3

ALTEX - Expenses

Operational Fees

ALTEX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.15% 0.10% 7.28% 24.42% 4
Management Fee 1.53% 0.08% 1.53% 1.16% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.45% 0.00% 0.45% 2.04% 5

Sales Fees

ALTEX Fees (% of AUM) Category Low Category High ALTEX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

ALTEX Fees (% of AUM) Category Low Category High ALTEX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ALTEX Fees (% of AUM) Category Low Category High ALTEX Rank Quintile
Turnover 0.00% 0.00% 1830.00% 36.05% 1

ALTEX - Distributions

Dividend Yield Analysis

ALTEX Category Low Category High ALTEX % Rank Quintile
Dividend Yield N/A 0.00% 1.35% N/A N/A

Dividend Distribution Analysis

ALTEX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ALTEX Category Low Category High ALTEX % Rank Quintile
Net Income Ratio 0.30% -2.37% 3.04% 58.14% 3

Capital Gain Distribution Analysis

ALTEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

ALTEX - Managers

Kevin M. Landis

Manager

Start Date

Oct 29, 2007

Tenure

11.01

Tenure Rank

5.1%

Landis is the President, Chief Executive Officer, chief investment officer and portfolio manager of Firsthand Capital Management, Inc. He co-founded the firm in 1993.


Tenure Analysis

Category Low

0.2

Category High

20.6

Category Average

5.28

Category Mode

0.5