ALTEX: Firsthand Alternative Energy - MutualFunds.com

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ALTEX Firsthand Alternative Energy

  • Fund
  • ALTEX
  • Price as of: Oct 11, 2019
  • $7.25 + $0.11 + 1.54%

ALTEX - Profile

Vitals

  • YTD Return 32.5%
  • 3 Yr Annualized Return 11.5%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $6.32 M
  • Holdings in Top 10 57.1%

52 WEEK LOW AND HIGH

$7.25
$5.20
$7.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.15%

SALES FEES

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

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$2,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Technology

Distributions

  • YTD Total Return 32.5%
  • 3 Yr Annualized Total Return 11.5%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 (%)
YTD 32.5% -6.8% 38.0% 18.97%
1 Yr 24.1% -32.9% 24.1% 0.57%
3 Yr 11.5%* -33.4% 22.6% 52.63%
5 Yr 3.9%* -21.4% 19.7% 88.44%
10 Yr -0.1%* -4.2% 17.8% 99.12%

* Annualized


Return Ranking - Calendar

Period ALTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.6% -49.7% 4.3% 72.56%
2017 27.0% -17.3% 55.5% 54.55%
2016 -9.3% -17.1% 32.1% 97.24%
2015 -9.8% -17.6% 11.6% 91.72%
2014 -0.2% -63.5% 36.9% 70.14%

Total Return Ranking - Trailing

Period ALTEX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.5% -6.8% 38.0% 18.97%
1 Yr 24.1% -32.9% 25.4% 1.15%
3 Yr 11.5%* -33.4% 25.2% 71.71%
5 Yr 3.9%* -21.4% 31.0% 95.24%
10 Yr -0.1%* -4.2% 22.6% 99.12%

* Annualized


Total Return Ranking - Calendar

Period ALTEX Return Category Return Low Category Return High Rank in Category (%)
2018 -18.6% -49.7% 5.1% 79.88%
2017 27.0% -17.3% 55.5% 74.68%
2016 -9.3% -17.1% 32.8% 97.93%
2015 -9.8% -13.9% 83.1% 93.79%
2014 -0.2% -63.5% 38.5% 86.11%

NAV & Total Return History

ALTEX - Holdings

Concentration Analysis

ALTEX Category Low Category High ALTEX % Rank
Net Assets 6.32 M 993 K 23.8 B 96.02%
Number of Holdings 40 22 331 84.09%
Net Assets in Top 10 3.28 M 900 K 12.7 B 96.59%
Weighting of Top 10 57.09% 17.8% 84.0% 15.34%

Top 10 Holdings

  1. Power Integrations Inc 8.09%

  2. Cree Inc 7.82%

  3. SolarEdge Technologies Inc 7.60%

  4. Itron Inc 6.06%

  5. First Solar Inc 5.71%

  6. Honeywell International Inc 4.80%

  7. Vestas Wind Systems A/S 4.48%

  8. Royal Philips NV ADR 4.37%

  9. Aspen Aerogels Inc 4.34%

  10. Iberdrola SA 3.82%


Asset Allocation

Weighting Return Low Return High ALTEX % Rank
Stocks
97.93% 72.03% 100.16% 52.27%
Cash
2.05% -0.16% 27.97% 44.32%
Preferred Stocks
0.01% 0.00% 1.98% 15.91%
Other
0.00% -4.62% 5.33% 27.84%
Convertible Bonds
0.00% 0.00% 0.18% 15.91%
Bonds
0.00% 0.00% 0.66% 20.45%

Stock Sector Breakdown

Weighting Return Low Return High ALTEX % Rank
Technology
49.69% 31.25% 98.45% 96.59%
Industrials
28.26% 0.00% 28.26% 0.57%
Healthcare
8.62% 0.00% 32.74% 19.32%
Basic Materials
7.48% 0.00% 7.48% 0.57%
Utilities
3.82% 0.00% 3.82% 0.57%
Consumer Cyclical
0.04% 0.00% 31.80% 90.91%
Real Estate
0.00% 0.00% 14.40% 40.91%
Financial Services
0.00% 0.00% 39.09% 88.07%
Energy
0.00% 0.00% 1.50% 18.18%
Communication Services
0.00% 0.00% 6.28% 64.77%
Consumer Defense
0.00% 0.00% 3.56% 38.07%

Stock Geographic Breakdown

Weighting Return Low Return High ALTEX % Rank
US
71.30% 34.14% 98.87% 87.50%
Non US
26.63% 0.00% 63.79% 11.93%

ALTEX - Expenses

Operational Fees

ALTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.15% 0.10% 166.12% 13.64%
Management Fee 1.53% 0.09% 1.95% 99.43%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.45% 0.00% 0.50% 96.74%

Sales Fees

ALTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ALTEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 7.00% 1.00% 732.00% 2.27%

ALTEX - Distributions

Dividend Yield Analysis

ALTEX Category Low Category High ALTEX % Rank
Dividend Yield 0.00% 0.00% 7.43% 23.30%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

ALTEX Category Low Category High ALTEX % Rank
Net Income Ratio -0.68% -2.16% 1.10% 67.05%

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

Tenure

Tenure Rank

Oct 29, 2007

11.93

11.9%

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

0.25

Category High

29.76

Category Average

8.07

Category Mode

5.59